27 April 2016

HSI Futures

The S&P 500 stock index ticked up on Tuesday, buoyed by gains in the energy and materials sectors, even though lackluster economic data weakened the U.S. dollar, thereby giving support to oil and gold prices.

Hong Kong shares were up slightly on Tuesday, as investors braced for central bank policy meetings in the United States and Japan this week.

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Plan A : Above 21457, do nothing
Plan B : Below 21122, do nothing
Plan C : Consider intraday selling if market opens higher but fails to breach above 21457
Plan D : Cut above 21536
Plan E : Attempt buying if market stays firm above 21329
Plan F : Cut below 21228


FKLI

Market finally broke down after 25 days of consolidation, creating a head-and-shoulder formation. Yesterday's selling could be a little overdone with investors panic after the news of 1MDB defaulted in bond payment. FKLI could recover a little in the opening bell today but sentiment is already weak. Therefore, expect more pressure whenever there's any rebound in the market.

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Plan A : Attempt selling if market rebounds to around 1702 level
Plan B : Cut above 1708
Plan C : Buying to be considered only if market take a quick dive and rebounds from 1685.5
Plan D : Cut below 1681


FCPO

FCPO made a final hour surge after hovering around the 2660s level for most of the afternoon yesterday. Some buying interests were seen yesterday but market must at least breach and hold firm above 2679 today if it were to show a reversal from its bearish tone. 

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Plan A : Buy if market supported above 2679. Targets are 2694, 2709 and 2723.
Plan B : Sell if market still fails to breach above 2679. Targets are 2659, 2639 and 2614.
Plan C : Above 2694, no fresh position.
Plan D : Below 2659, no fresh position.



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