7 May 2015

HSI Futures

U.S. stocks ended weaker on Wednesday after U.S. Federal Reserve Chair Janet Yellen warned of high valuations, adding to anxiety about future interest rates and a global bond rout.

Hong Kong stocks followed mainland markets lower on Wednesday, surrendering earlier gains, with infrastructure and industrial stocks leading the decline.

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


FKLI

Market was weak but a minor support seems to be building above 1801.5 level for now. Despite touching an intraday low of 1803, market was trading above 1810 for most of the afternoon yesterday. Weak regional markets might cause market to open lower today but if avoid being too bearish especially if market stays resilient above 1801.5 level.

Plan A : Consider buying if market test support at 1801.5 and rebounds strongly
Plan B : Cut below 1801.5
Plan C : Attempt selling only if market rebounds but fails to break above 1818
Plan D : Cut above 1825


FCPO

FCPO continue to spike yesterday with little retracement. Dalian and soybean oil are down this morning while Ringgit remains at RM 3.58 against the US Dollar. Though market is on its way up on buying signal but it is not advisable to buy as it is too far from support level after the gap-up. Selling could be better choice when market started to exhaust.

Plan A : Intraday investor may sell if market could not cross 2184 or 2197. Target is 2156 and 2135.
Plan B : Buyer may stay out of market.
Plan C : Above 2200, do nothing.
Plan D : Below 2150, 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.