HSI Futures
U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes still posted gains for the month.
Hong Kong stocks dipped on Friday, with investors staying cautious after the previous session's slide triggered by a tumble in mainland markets. Key events for today will be China economic data. Offical PMI would be released at 9 am today while HSBC's final PMI reading will be released at 9.45 am.
Plan A : Above 27373, do nothing
Plan B : Below 27090, do nothing
Plan C : Attempt selling if market trades below 27234
Plan D : Cut above 27373
Plan E : Consider buying if market holds firm above 27090 and surges
Plan F : Cut below 27090
FKLI
May month contract expired at 1753.5 eventually after successfully defending above 1740 for the final week of the month. June contract will be taking over with investors wary whether market could hold above 1740 level for a close today.
Plan A : Consider buying only if market holds firm above 1740
Plan B : Cut below 1735
Plan C : Attempt selling if market rebounds but fails to break above 1749.5
Plan D : Cut above 1755
FCPO
FCPO experienced gap-up in the morning due to the strong overnight soybean oil and Dalian markets; whilst Ringgit remains weak at RM 3.66 against the greenback. Market is showing the first breakthrough for an uptrend. Therefore, seller is not advisable to join the market today.
Plan A : Overnight buyer hold on to position. Support is looking at 2217 and target is 2284, 2322 and 2365.
Plan B : Intraday investor may buy if market could retrace and support above 2248 and 2232. Target is 2284 and 2322.
Plan C : Seller stay out of market.
Plan D : Above 2280, do nothing.
Plan E : Below 2230, 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.
U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes still posted gains for the month.
Hong Kong stocks dipped on Friday, with investors staying cautious after the previous session's slide triggered by a tumble in mainland markets. Key events for today will be China economic data. Offical PMI would be released at 9 am today while HSBC's final PMI reading will be released at 9.45 am.
Plan A : Above 27373, do nothing
Plan B : Below 27090, do nothing
Plan C : Attempt selling if market trades below 27234
Plan D : Cut above 27373
Plan E : Consider buying if market holds firm above 27090 and surges
Plan F : Cut below 27090
FKLI
May month contract expired at 1753.5 eventually after successfully defending above 1740 for the final week of the month. June contract will be taking over with investors wary whether market could hold above 1740 level for a close today.
Plan A : Consider buying only if market holds firm above 1740
Plan B : Cut below 1735
Plan C : Attempt selling if market rebounds but fails to break above 1749.5
Plan D : Cut above 1755
FCPO
FCPO experienced gap-up in the morning due to the strong overnight soybean oil and Dalian markets; whilst Ringgit remains weak at RM 3.66 against the greenback. Market is showing the first breakthrough for an uptrend. Therefore, seller is not advisable to join the market today.
Plan A : Overnight buyer hold on to position. Support is looking at 2217 and target is 2284, 2322 and 2365.
Plan B : Intraday investor may buy if market could retrace and support above 2248 and 2232. Target is 2284 and 2322.
Plan C : Seller stay out of market.
Plan D : Above 2280, do nothing.
Plan E : Below 2230, 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.