Wall Street surged on Wednesday, with the Dow industrials and S&P 500 hitting fresh records, as equities continued their march upward after the presidential election of Donald Trump and a new high for transportation stocks added to the bullish tone.
Hong Kong stocks rose for the second day on Wednesday, lifted by energy and raw materials sectors, but trading was thin as investors were cautious ahead of the European Central Bank's policy meeting on Thursday.
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Plan B : Below 22715, do nothing
Plan C : Attempt buying if market trades firmly above 22796
Plan D : Cut below 22715
Plan E : Consider selling if market gap up but fails to breach above 22926
Plan F : Cut above 22978
FKLI
FKLI was seen holding firmly above 1627 for the whole afternoon yesterday. Market is expected to open higher today, taking cue from overnight Dow. However, sustainability of it would be more important today. Only a firm close above 1633.5 would give buyers a sense of assurance that market will be moving up in the near term. Otherwise, market could still be under the consolidation stage.
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Plan B : Cut below 1627
Plan C : Consider selling if market fails to breach and stays firm above 1636.5
Plan D : Cut above 1641
FCPO
FCPO touched new high at 3188 before tumbling down to 3138 towards day end. Dalian and soybean oil are weak this morning while Ringgit stays at RM4.42 against the greenback.
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Plan B : Buy if market retraced but supported above 3102. Targets are 3130, 3145, 3159 and 3168.
Plan C : Above 3154, no fresh position.
Plan D : Below 3102, no fresh position.
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