HSI Futures

U.S. stocks rose on Wednesday, rebounding from the previous day's broad selloff, after minutes of the Federal Reserve's last meeting showed central bankers have discussed the eventual tightening of monetary policy but made no decisions on which tools to use.

Hong Kong's benchmark index ended flat on Wednesday, with gains by Lenovo Group on solid earnings offset by drops for HSBC and subway train operator MTR Corp Ltd. Focus today will be on China's May manufacturing PMI data, releasing around 9.45am this morning. 

Plan A : Above 22861, do nothing

Plan B : Below 22598, do nothing

Plan C : Attempt selling if market gaps up but fails to break above 22861 and triggers a sell

Plan D : Cut above 22861

Plan E : Consider buying only if market holds firmly above 22598 and triggers a buy again

Plan F : Cut below 22519

FKLI

Market was basically flat yesterday, refusing to fall further despite weak regional markets in the morning. Market could be taking a breather before another rally as long as it holds firm above 1868.

Holding a long

Plan A : 1868-1886, do nothing

Plan B : Below 1868, cut

Plan C : Above 1886, consider taking profits first if it couldn't hold firm

Plan D : Consider intraday selling only if market fails to break above 1882

Plan E : Cut above 1886

FCPO

FCPO triggered the low of 2492 with big volume pressing the market, however, market seems to absorb quite well that it rebounded very quickly within minutes. Therefore, buyer could take a chance to test the market as there seems to be some ready buyer during the drop. In fact, investor need to keep the entry price at reasonable risk.

Plan A : Overnight seller might want to exit if market broke resistance at 2525. Profit target is looking at 2474 and 2396.

Plan B : Intraday investor might make entry if support at 2497 and 2505 is not broken. Profit target is looking at 2538 and 2561. May hold overnight if market close above 2538.

Plan C : Above 2570, do nothing.

Plan D : Below 2490, 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