13 May 2016

HSI Futures

U.S. stocks closed mostly lower Thursday, weighed by declines in health care and technology stocks, as traders eyed oil prices and awaited the retail sales report due Friday.

Hong Kong's benchmark stock index fell to a 10-week closing low on Thursday, following a dismal day on Wall Street.

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Plan A : Above 19944, do nothing
Plan B : Below 19597, do nothing
Plan C : Attempt selling if market stays below 19874
Plan D : Cut above 19944
Plan E : Consider intraday buy if market gap down but rebounds from 19597
Plan F : Cut below 19597


FKLI

FKLI made a steady climb yesterday, stood firm above 1638 for the whole afternoon. Market could open slightly lower today after disappointment in US and Europe but investors should not get over bearish just yet as market is still considered firm if it stays above 1634

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Plan A : Attempt buying if market stays firm above 1637
Plan B : Cut below 1633
Plan C : Consider intraday selling if market fails to break above 1645
Plan D : Cut above 1650


FCPO

FCPO was visibly weak throughout yesterday's trading. A huge slump in overnight bean and Dalian is expected to pressure today's opening price. Weak Ringgit could possibly cushion some heavy selling but failure to close above 2626 today will likely spell the end of uptrend for CPO. 

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Plan A : Wait for market rebound to sell. Either 2626 or 2638 level. Targets are 2613, 2589 and 2558
Plan B : Buying to be considered only if market gap down and stabilizes above 2589. Targets are 2613 and 2626
Plan C : Above 2638, no fresh position
Plan D : Below 2589, no fresh position



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