18 May 2017

HSI Futures

The S&P 500 was heading for its biggest one-day tumble since September and shares extended losses through the day after reports of a memo by former FBI chief James Comey suggested that President Donald Trump tried to interfere with a federal investigation, setting off alarm bells on Wall Street.

Hong Kong stocks eased on Wednesday but held near 21-month highs aided by steady flows of money from mainland China, where shares tanked under the weight of tighter regulations.

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Plan A : Above 25350, do nothing
Plan B : Below 25130, do nothing
Plan C : Attempt selling if market stays trading below 25257
Plan D : Cut above 25350
Plan E : Consider buying only if market holds resiliently above 25130 after opening low
Plan F : Cut below 25100


FKLI

FKLI acting rather weak yesterday with market failing to breach above 1774.5 and tumbled below 1769 before settling at 1771. With overnight Dow losing 372-points amid turmoil in U.S. politics, FKLI is expected to open lower today. Failure to climb back up above 1769 would definitely spook late buyers and prompt more selling today.

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Plan A : Remain short as long as market stays trading below 1769
Plan B : Cut above 1772
Plan C : Consider buying only if market test and rebound from 1759.5
Plan D : Cut below 1754


FCPO

FCPO held firm above 2600's and the prices started to take off to a level higher towards the second session. Dalian and soybean oil are negative while Ringgit stays at RM4.32 against the greenback. 

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Plan A : Sell if market rebounded and resisted around 2644. Targets are 2625, 2605 and 2580.
Plan B : Buy only if market supported above 2644. Targets are 2653, 2674 and 2709.
Plan C : Above 2653, no fresh position.
Plan D : Below 2625, no fresh position.



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