HSI Futures
Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lackluster earnings report and oil prices pulled back.
Hong Kong stocks climbed more than 2 percent on Thursday, aided by a surge in energy shares, following overnight gains in U.S. and European equities and a jump in oil prices.
Plan A : Above 19419, do nothing
Plan B : Below 19056, do nothing
Plan C : Attempt buying if market corrects and stays firm above 19238
Plan D : Cut below 19157
Plan E : Consider intraday sell if market gaps up but fails to break above 19419
Plan F : Cut above 19480
FKLI
FKLI continued its up surge yesterday with market closing at 1681.5 for the day. Market could open slightly lower today, moving in tandem with regional markets but losses could be minimal with 1672 acting as a support. Successful hold above this level would see market heading towards 1696.5 level next.
Plan A : Attempt buying if market corrects and stays firm above 1672
Plan B : Cut below 1668
Plan C : Consider intraday sellling only if market surges but fails to break above 1696.5
Plan D : Cut above 1701
FCPO
FCPO exerted with selling pressure during the opening hour in the early session, then it basically flattened and hovered around 2580 to 2600. Dalian and soybean oil are weak today while Ringgit weaken against the U.S. Dollar at RM4.21.
Plan A : Sell if market rebounded and resisted around 2597/2610. Targets are 2576, 2540 and 2504.
Plan B : Buyer got to wait. Buy only if market supported well above 2586. Targets are 2610, 2622 and 2648.
Plan C : Above 2610, no fresh position.
Plan D : Below 2586, 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.
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