6 May 2015

HSI Futures

U.S. stocks finished sharply lower on Tuesday after a surprisingly wide March U.S. trade deficit raised concerns that the economy shrank in the first quarter.

Hong Kong shares closed at their lowest in two weeks on Tuesday, with the tumble led by listed Chinese enterprises, as investors took their cue from a sell-off in mainland markets. HSBC services PMI due at 9.45 am this morning will shed some lights on activity in China's services sector. Japan market is close for Constitution Day today. 

Plan A : Above 27961, do nothing
Plan B : Below 27502, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 27961
Plan D : Cut above 28061
Plan E : Consider buying if market holds firm above 27645 and triggers a buy
Plan F : Cut below 27645


FKLI

Market remained sluggish despite recovered from an intraday low of 1809 and settled at 1820.5 for the day. Bear tone started to kick in with futures trading at 7-points discount to the cash market. Although firmer crude palm oil could lend some supports to the market, sentiment could be dampened with regional markets showing signs of tiredness.

Plan A : Attempt selling if market rebounds but fails to break above 1832
Plan B : Cut above 1839.5
Plan C : Consider intraday buy only if market holds firm above 1820
Plan D : Cut below 1814


FCPO

Market caught sellers by surprise yesterday after opening gap up in the morning and never really retraced after that. FCPO look likely to open higher once again today after overnight bean traded higher and Dalian too performing well today. Stronger Ringgit could limit upside today but market should be supported overall.

Plan A : Consider selling if market opens higher but fails to break above 2175
Plan B : Cut above 2193
Plan C : Wait for correction to go long, possibly around 2140 level
Plan D : Cut below 2122



*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.