23 May 2016

HSI Futures

U.S. stocks closed higher Friday, with tech stocks leading. The Dow Jones industrial average failed to recover gains for the week after stocks fell amid renewed concerns of a rate hike sooner rather than later.

Hong Kong shares followed most other Asian stock markets higher on Friday, but light volumes indicated caution as investors braced for a U.S. interest rate hike possibly as early as next month.

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Plan A : Above 19996, do nothing

Plan B : Below 19696, do nothing

Plan C : Attempt buying if market holds firm above 19779

Plan D : Cut below 19696

Plan E : Consider selling if market gaps up but fails to break above 19913

Plan F : Cut above 19996

FKLI

FKLI opened high last Friday but eventually lost its steam and closed low. Market seems to be facing some selling pressure in the afternoon session last Friday and could continues today if market fails to regain its footing above 1626.

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Plan A : Attempt selling if market stays below 1626

Plan B : Cut above 1630

Plan C : Consider buying if market stays stubbornly above 1615 and rebounds

Plan D : Cut below 1610

FCPO
FCPO attempted to rebound to 2539 last Friday then some withdrawal syndrome kicked in during the second session. Dalian and overnight soybean oil are rather weak this morning while Ringgit stays weak at RM4.07 against the greenback.

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Plan A : Sell if market rebounded and resisted around 2528. Targets are 2498 and 2463.

Plan B : Buy if market opened gap down and supported above 2463. Targets are 2484 and 2498. Only apply for opening hour.

Plan C : Above 2528, no fresh position.

Plan D : Below 2463, 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.