3 June 2016

HSI Futures

Wall Street closed slightly higher on Thursday as fresh data gave a rosier view of the economy and further gains for healthcare shares countered declines in energy names.

Hong Kong shares rose slightly on Thursday, as investors continued to worry about China's economic health and the impact of a looming U.S. interest rate hike. Caixin China services PMI is due today, together with the closely watched U.S. non farm payrolls, factory orders, ISM services and trade.

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Plan A : Above 20719, do nothing

Plan B : Below 20394, do nothing
Plan C : Attempt buying if market holds firm above 20556

Plan D : Cut below 20456

Plan E : Consider selling if market fails to break above 20619 and retrace
Plan F : Cut above 20619

FKLI

Market once again consolidated yesterday with some upwards bias. Today's market could be same once again unless market stays firm above 1630. Otherwise, it will be another see-saw battle today.

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Plan A : Attempt buying if market stays firm above 1630

Plan B : Cut below 1623

Plan C : Consider intraday selling if market fails to break above 1630

Plan D : Cut above 1635

FCPO

FCPO continue to inch up at slower pace on Thursday with narrow intraday range. Dalian is positively strong today while soybean oil is slightly up; Ringgit remain weak at RM4.14 against the greenback.

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Plan A : If market gap up at opening, sell if market opened resisted around 2684. Targets are 2663, 2653 and 2638.
Plan B : Buy if market opened unchanged or retraced and supported above 2626. Targets are 2646, 2666 and 2680.
Plan C : Above 2684, no fresh position.
Plan D : Below 2626, 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.