HSI Futures
The Dow and the S&P 500 finished at record highs again on Monday after a closely watched read on U.S. manufacturing was revised to show more strength than initially indicated.
Hong Kong shares finished their best month this year on Friday, underpinned by strength in property developers and Chinese banks. China's non-manufacturing and manufacturing PMI is due to release at 9 and 9.45 am respectively today.
Plan A : Above 23079, do nothing
Plan B : Below 22837, do nothing
Plan C : Attempt selling if market gaps up but fails to break above 23079 and triggers a sell
Plan D : Cut above 23079
Plan E : Consider buying if market holds stubbornly above 22837 and triggers a buy
Plan F : Cut below 22837
FKLI
Market was seen weak despite a somewhat firm regional markets yesterday. Market must at least holds firm above 1864 today in order to have any chance of rebounding from yesterday's slump
Plan A : Consider buying if market holds firm above 1864
Plan B : Cut below 1862
Plan C : Attempt selling if market trades higher but fails to break above 1872
Plan D : Cut above 1876.5
FCPO
FCPO continue to run on down channel resulted in the low of 2386. There may be some profit taking activity towards the second session which boosted the market back to 2416 at closing.
Plan A : Overnight seller might have exited the market as the target price at 2389 had arrived. However, if you have not, you may want to consider to take profit today, taking resistance at 2422. Profit target is 2365.
Plan B : Intraday investor may buy if market is supported above 2400. However, advisable to wait for market to stabilize before entering the market.
Plan C : Seller may want to stay out today.
Plan D : Above 2450, do nothing.
Plan E : Below 2360, 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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2014-06-03 10:54