4 May 2017

HSI Futures

Wall Street ended slightly lower on Wednesday after the U.S. Federal Reserve held interest rates unchanged following its two-day policy meeting and investors digested another heavy round of earnings reports.

Hong Kong stocks followed Asian shares higher on Tuesday, as optimism over strong tech industry earnings and receding concerns over North Korea offset softer-than-expected factory surveys in China and the United States. Hong Kong will resume trading today after shut for Birthday of Buddha yesterday while Japan remain shut for the week. 

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Plan A : Above 24665, do nothing
Plan B : Below 24481, do nothing
Plan C : Attempt buying if market trades firmly above 24550
Plan D : Cut below 24481
Plan E : Consider selling if market surges but fails to breach above 24665
Plan F : Cut above 24705


FKLI

Market experienced strong profit taking selling yesterday and settled at 1764. It will be important for FKLI to at least hold above 1762 if it were to avoid facing any further selling pressure. Otherwise, more persistent selling can be expected.

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Plan A : Attempt selling if market recovers but fails to breach above 1770
Plan B : Cut above 1773.5
Plan C : Consider buying if market able to hold resiliently above 1762
Plan D : Cut below 1758


FCPO

FCPO was idling on Wednesday within the range of 30 points, leaving the investor with no clue. Dalian and soybean oil are mixed while Ringgit stays at RM4.32 against the greenback. With the weak performance from Dalian this morning, it is likely for market to open lower.

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Plan A : Buy only if market opened gap down but supported firm above 2506. Targets are 2525, 2542 and 2560.
Plan B : Sell if market rebounded and resisted around 2532. Targets are 2506, 2496 and 2479.
Plan C : Above 2532, no fresh position.
Plan D : Below 2506, 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.