13 October 2016

HSI Futures

The S&P 500 and the Dow Jones industrial average indexes ended Wednesday's session with small gains as expectations for timing on a rate hike were largely unchanged after U.S. Federal Reserve minutes and investors waited on earnings reports.

Hong Kong stocks fell on Wednesday as global markets enter a period of rising uncertainty, with investors bracing for the U.S. presidential election, a possible U.S. rate hike and bruising negotiations on Britain's exit from the European Union.

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Plan A : Above 23568, do nothing
Plan B : Below 23315, do nothing
Plan C : Attempt buying if market holds firm above 23448
Plan D : Cut below 23370
Plan E : Consider selling if market fails to hold above 23370
Plan F : Cut above 23448


FKLI

FKLI continued to be directionless yesterday with a tight 6-points trading range. Same scenario can be expected today with market stuck in between 1659.5-1672. No clear signal to be seen unless market breaks away from this range.

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Plan A : Consider selling if market fails to breach above 1667
Plan B : Cut above 1672
Plan C : Attempt buying if market holds firm above 1663
Plan D : Cut below 1659


FCPO

Weak RM rallied FCPO yesterday to a new month's high of 2661 before settling at 2653. With Dorab Mistry due to speak today, buyers could turn a little cautious as he projected RM 2200 for CPO earlier. However, any retracement could present opportunity to buy if market were to hold firm above 2610. 

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Plan A : Buy if market corrects and holds firm above 2636. Targets are 2655, 2666 and 2683.
Plan B : Sell if market resisted around 2668. Targets are 2647, 2636 and 2625.
Plan C : Above 2668, do nothing
Plan D : Below 2636, do nothing


*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.