When:
Saturday, 30th April 2016
Where:
Hall 3, Level 3, The Northam All Suite Penang
HSI Futures
U.S. stocks ended slightly higher on Wednesday after fears eased that the Federal Reserve would strongly signal it would raise interest rates in June, though a slump in Apple shares weighed on the Nasdaq index.
Hong Kong's benchmark stock index ended slightly lower on Wednesday, with market sentiment cautious ahead of U.S. and Japanese central bank policy decisions.
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May month contract
Plan A : Above 21329, do nothing
Plan B : Below 21021, do nothing
Plan C : Attempt buying if market stays firm above 21275
Plan D : Cut below 21190
Plan E : Consider selling if market gap up but fails to breach above 21329
Plan F : Cut above 21372
FKLI
Market rebounded all the way in the afternoon session after news of Datuk Muhammad Ibrahim replacing Tan Sri Dr Zeti as Bank Negara Governor being announced. Market reacted positively to this news as Datuk Muhammad is being perceived as the most creditable replacement among all the other candidates. FKLI look likely to open higher today but gains could be capped with sentiment remains weak with 1MDB issue remained unsolved.
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Plan A : Attempt selling if market rebounds but could not break above 1698
Plan B : Cut above 1703
Plan C : Consider intraday buying if market holds firm above 1691
Plan D : Cut below 1685
FCPO
FCPO experienced some sell-off pressure after consolidated around 2677 to 2648 for a short while. Dalian and soybean oil are lying at negative territories while Ringgit hovers around RM3.88 to RM3.91 against the greenback.
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Plan A : If market gap down during opening, seller may need to wait for the rebound. Resistance is 2619. Targets are 2582, 2575 and 2526.
Plan B : Buy if market supported above 2575. Targets are 2619 and 2633.
Plan C : Above 2619, no fresh position.
Plan D : Below 2575, no fresh position.
*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.
While exploring this post i got to learn good facts on market. Traders should always try to keep themselves well updated with stock market movements. Also to invest safely in market use accurate stock futures tips.
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