HSI Futures
U.S. stocks edged lower in choppy trading on Monday, with a slide in Micron shares and GT Advanced Technologies' bankruptcy more than offsetting gains in Hewlett-Packard.
Hong Kong's benchmark index posted its biggest daily gain in more than a month on Monday, as pro-democracy activists scaled down protests and upbeat U.S. jobs data provided some relief over the outlook for the global economy. Trading in Asia was mostly lower on Tuesday as investors awaited central banks decisions in Japan and Australia while China's PMI data will be released at 9.45 am tomorrow.
Plan A : Above 23543, do nothing
Plan B : Below 22856, do nothing
Plan C : Attempt buying if market corrects and stays firm above 23178
Plan D : Cut below 22856
Plan E : Consider selling only if market surges but fails to break above 23543
Plan F : Cut above 23592
FKLI
Market hold steady before going into long weekend holiday on Friday. Market is expected to remain resilient as long as it stays firm above 1839
Holding a long
Plan A : 1839-1852, do nothing
Plan B : Below 1839, cut
Plan C : Above 1852, consider taking profits if it couldn't sustain
Plan D : Intraday sell to be considered only if market fails to breach above 1852
Plan E : Cut above 1855
FCPO
FCPO had a big leap during opening hour as overnight soybean oil was up over a dollar. Market has possibility of bumpy flow if resistance is not breached.
Plan A : Fresh seller or intraday investor may want to sell if market open high and resistance at 2223 is not breached. Target is 2170 and 2120.
Plan B : Buyer may stay out today.
Plan C : Above 2230, do nothing.
Plan D : Below 2160, 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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