Monday, May 8, 2017

9 May 2017

HSI Futures

The Nasdaq composite and S&P 500 notched new all-time intraday and closing highs on Monday despite a narrow trading range as investors digested Emmanuel Macron's victory over Marine Le Pen in the French presidential election. The Dow Jones industrial average also closed marginally higher, with Apple contributing the most gains.

Hong Kong stocks ended higher on Monday as markets breathed a sigh of relief after pro-EU candidate Emmanuel Macron was elected French President, helping offset negative sentiment from continued weakness in mainland stock markets. The Hang Seng index ended up 0.4 percent at 24,577.91, while the China Enterprises Index gained 0.6 percent to 9,982.42 points.

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Plan A : Above 24536, do nothing
Plan B : Below 24035, do nothing
Plan C : Attempt buying if market holds firm above 24368
Plan D : Cut below 24318
Plan E : Consider selling only if market could not support above 24368
Plan F : Cut above 24418


FKLI

FKLI flattened on Monday with progressive upside after morning open, forming support above 1758. Since the high of 1777.5, market retraced for correction to low of 1753, followed by a rebound. The question of whether this could be an upside once more, it's yet to be confirmed unless it held firm above 1760's. 

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Plan A : Attempt buying if market stays firm above 1765
Plan B : Cut below 1761
Plan C : Consider selling only if market failed to support above 1761
Plan D : Cut above 1757



FCPO

FCPO made the first attempt back to 2600's level since mid of April, though the settlement failed to hold above 2600. Dalian and soybean oil are positive while Ringgit stays at RM4.34 against the greenback. 

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Plan A : Buy if market held firm above 2593. Targets are 2616, 2628 and 2644.
Plan B : Sell only if market failed to support above 2593. Targets are 2576 and 2559. 
Plan C : Above 2609, no fresh position.
Plan D : Below 2582, 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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