Wednesday, July 19, 2017

20 July 2017

HSI Futures

U.S. stocks closed at record highs on Wednesday as investors digested key quarterly earnings. The Dow Jones industrial average closed at a record, rising 66.02 points to 21,640.75. The S&P 500 rose 0.54 percent to close at 2,473.83. S&P received a boost from Vertex Pharmaceuticals and from tech, which broke above its all-time high set in March 2000. On the hand, Nasdaq composite advanced 0.64 percent to end at a record of 6,385.04; notched an intraday all time high. 

Hong Kong stocks rose for an eighth straight day on Wednesday to their highest close in more than two years, lifted by shares of China Shenhua Energy and Tencent Holdings. The Hang Seng Index finished 0.6 percent higher at 26,672.16. 

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Plan A : Above 26842, no fresh position
Plan B : Below 26579, no fresh position
Plan C : Consider selling if market rebounded and resisted around 26842  
Plan D : Cut above 26892
Plan E : Buy only if market retraced but supported above 26579    
Plan F : Cut above 26629


FKLI

FKLI remain consolidated within the 1750's to 1760's for the tenth day. There was not much improvement for intraday trading on Wednesday, investor may need to wait patiently for the breakout.

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Plan A : Remain sell as long as market stays trading below 1765
Plan B : Cut above 1767
Plan C : Consider buying if market test and rebound from 1758
Plan D : Cut below 1756
   

FCPO

FCPO opened low and touched the ground at 2494 before a rebound to 2530 on Wednesday. Dalian and soybean oil are positive while Ringgit stays at RM4.28 against the greenback.

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Plan A : Buy only if market retraced but supported above 2530. Targets are 2548 and 2666.
Plan B : Sell if market resisted around 2548. Targets are 2530 and 2520.
Plan C : Above 2548, no fresh position.
Plan D : Below 2530, 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.

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