28 May 2015

HSI Futures

U.S. stocks ended sharply higher on Wednesday and the Nasdaq logged a record high close, led by a rebound in technology and healthcare stocks and optimism that Greece would avoid defaulting on its debt.

Hong Kong stocks fell on Wednesday, taking cues from downbeat overseas markets, but losses were limited by expectations that Beijing will guide more money from the mainland to Hong Kong.

June month contract
Plan A : Above 28038, do nothing
Plan B : Below 27714, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 28038
Plan D : Cut above 28164
Plan E : Consider buying if market supported well above 27859 and triggers a buy
Plan F : Cut below 27859

FKLI

Market attempted a technical rebound in the afternoon session but failed short of holding firm for the final half an hour of trading. Market however, stand a chance of surviving from further slaughter if it could hold above 1751 today. Successful breach above 1760.5 would further bring cheers to the bulls hopeful

Plan A : Attempt selling if market rebounds but once again fails to break above 1760.5
Plan B : Cut above 1767
Plan C : Consider intraday buy if market holds firm above 1754.5
Plan D : Cut below 1750

FCPO

FCPO retreated after tipping at 2198 yesterday. Dalian and overnight soybean oil are quite mixed while Ringgit weakened to RM 3.64 against the greenback. Market gap-up in the morning and continue to ramp. This could be a possible breakthrough of an uptrend.

Plan A : Overnight buyer hold on to position. Support is 2190. Target is 2222 and 2284. Breakthrough of 2222 is critical for an uptrend.
Plan B : Seller may stay out today.
Plan C : Intraday investor may buy if market could support above 2199 and 2190. Target is 2222 and 2245.
Plan D : Above 2220, do nothing.
Plan E : Below 2190, 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.