HSI Futures

U.S. stocks ended higher for the second straight session on Thursday, led by small-cap stocks, while the Nasdaq climbed on a rally in biotech shares. The surge in biotech stocks extended the recent trend of volatile trading. Small-caps and the so-called momentum names in the Internet and biotech spaces have recently echoed the broader market's direction, but moved in an outsized fashion, often without specific news.

Hong Kong shares closed at their highest level in more than five weeks on Thursday, helped by strong gains in energy companies after China and Russia signed a massive gas deal. Shares were also buoyed by a preliminary private survey that suggested China's factory sector turned in its best performance in five months in May, scoring 49.7. 

Plan A : Above 23093, do nothing

Plan B : Below 22784. do nothing

Plan C : Attempt selling if market fails to break above 23093 and triggers a sell

Plan D : Cut above 23156

Plan E : Consider buying if market corrects but supports well above 22784 and triggers a buy again

Plan F : Cut below 22735

FKLI

FKLI was visibly weak despite somewhat firm performance from regional markets yesterday. A correction could be in play at the moment with resistance stood at 1882

Holding a short

Plan A : 1863-1882, do nothing

Plan B : Above 1882, cut

Plan C : Below 1863, consider taking profits first if it rebounds strongly

Plan D : Attempt intraday buying only if market stubbornly holds above 1868 and rebound

Plan E : Cut below 1863

FCPO

FCPO was on a yo-yo ride with range of 2499 to 2531. Market has been trading at this range for two consecutive days and so far supported at 2497. Buyer should be cautious around 2560's level to 2580's level as it might reverse from here. 

Plan A : Overnight buyer should beware of the position. Support is looking at 2497 and profit target is projecting at 2638 and 2707. May hold on to position if market support and close above 2542.
Plan B : Seller may wait for selling if market could not break 2574. Profit target is looking at 2474 and 2396.

Plan C : Intraday investor could range trade within  2525 to 2574.

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