16 March 2017

HSI Futures

U.S. stocks rose sharply on Wednesday after the Federal Reserve raised interest rates for the second time in three months, as expected, but did not flag any plan to accelerate the pace of monetary tightening.

Hong Kong shares eased on Wednesday, with investors focused on what the Federal Reserve will say about tightening monetary policy during the rest of the year with markets already pricing in an immediate rise in U.S. interest rates.


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Plan A : Above 24073, do nothing
Plan B : Below 23730, do nothing
Plan C : Attempt selling if market surges but fails to breach above 24020
Plan D : Cut above 24073
Plan E : Consider buying if market supported well above 23770
Plan F : Cut below 23730


FKLI

Market tumbled down yesterday after failing to hold above several support levels. FKLI however, is expected to open higher today after overnight Dow gained triple-digits after a less hawkish comments from the Federal Reserve. 

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Plan A : Attempt long if market opens and holds firm above 1728
Plan B : Cut below 1724
Plan C : Consider selling if market surges but fails to breach above 1736.5
Plan D : Cut above 1742


FCPO

FCPO flattened on Wednesday morning, followed by a progressive upside later afternoon. Dalian and soybean oil are relatively strong today while Ringgit stays at RM4.43 against the greenback. Today is the switch month, trading based on June.

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Plan A : Buy if market retraced and supported above 2738. Targets are 2759, 2780 and 2806.
Plan B : Sell if market gap up and resisted around 2806. Targets are 2780, 2759, 2738 and 2727.
Plan C : Above 2806, no fresh position.
Plan D : Below 2738, 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.