HSI Futures
U.S. stocks rose on Monday, with a rally in high-growth names among Internet and biotech shares giving the Nasdaq a gain of almost 1 percent. Equities have been pressured recently, with the S&P 500 coming off its first two-week decline since January as investors have become concerned about the economy's growth prospects.
Hong Kong H-shares finished lower on Monday, as Chinese bank stocks slide in line with those on the mainland in the wake of stiffer regulation of interbank lending and weak economic data.
Holding a short
Plan A : 22174-22746, do nothing
Plan B : Below 22174, consider taking profits first if it gaps down and rebound
Plan C : Above 22746, cut
Plan D : Consider to turn buy if market holds firmly above 22386 and triggers a buy
Plan E : Cut below 22386
FKLI
Market gave way towards the last mins of trading yesterday after failing to break above 1886 and settled at day's low level of 1879.5. Market might be going through some profit taking selling but falls should be limited with buying supports can be expected along the way.
Holding a short
Plan A : 1867-1886, do nothing
Plan B : Above 1886, cut
Plan C : Below 1867, consider taking profits if it gaps down and rebound
Plan D : Consider to turn buy if market holds firmly above 1876 and surge
Plan E : Cut below 1872
FCPO
FCPO tumble down at last 15 minutes and touched the low of 2536.
Plan A: Overnight seller may hold on to position, taking resistance at 2583. Target profit is looking at 2497 and 2416.
Plan B : Intraday investor may continue to sell at rebound, taking resistance at 2567. Target price is looking at 2497.
Plan C : Buyer may want to stay out at this stage.
Plan D : Above 2590, do nothing.
Plan E : Below 2510, do nothing.
*Disclaimer: This information is intended to assist professional investors. 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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