HSI Futures

The S&P 500 closed at a record high on Friday, buoyed by a rally in housing stocks after better-than-expected home sales and a jump in Hewlett-Packard shares a day after the personal computer maker said it would cut more jobs. U.S. market will be closed for Memorial Day celebrations today.

Hong Kong shares finished slightly up on Friday, helped by stocks of Chinese property developers which were buoyed by further signs of relaxation from the housing authorities.

Plan A : Above 23093, do nothing

Plan B : Below 22837, 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 stubbornly holds above 22837 and rebounds

Plan F : Cut below 22784

FKLI

FKLI declined for a fifth consecutive days as market fails to hold above 1872. Selling pressure could come in even more if market cannot be supported above 1863

Holding a short

Plan A : 1863-1875, do nothing

Plan B : Above 1875, cover short

Plan C : Below 1863, temporary take profits if it rebounds strongly

Plan D : Consider intraday buy only if market holds firm above 1863

Plan E : Cut below 1857

FCPO

FCPO has been running on consolidation from 2499 to 2537. Market is awaiting for a break out, however, overall trend has shown some signal of a head and shoulder formation In fact, it is now forming the right shoulder. This has not come to a conclusion until market breaks its consolidation range. 

Plan A : Overnight buyer may hold on to position. Support is looking at 2497. Profit target is projecting at 2584 and 2620. 

Plan B : Intraday investor should wait for market to consolidate before reacting. If support at 2497 is not broken, may enter to buy. Profit target is looking at 2538 and 2561. Place a stop.

Plan C : Seller may sell if market rebounded and could not break 2538. Profit target is looking at 2472 and 2410. 

Plan D : Above 2540, do nothing.

Plan E : 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