HSI Futures
U.S. stocks eased on Wednesday as weaker-than-expected data spurred concerns over economic growth ahead of Friday's jobs report and first-quarter earnings.
Hong Kong stocks rose on Wednesday after a better-than-expected Chinese factory activity survey, with start-up shares surging after China allowed insurers to invest in the city's Growth Enterprise Market (GEM). Hong Kong market will be close tomorrow, coming Monday and Tuesday for Easter and Ching Ming Festival.
Plan A : Above 25260, do nothing
Plan B : Below 24852, do nothing
Plan C : Consider selling if market fails to break above 25260 and retrace
Plan D : Cut above 25260
Plan E : Attempt buying if market consolidates and holds well above 25067
Plan F : Cut below 24959
FKLI
Market successfully overcome earlier slump-ness and closed almost at day's high level yesterday. Market is seen holding well despite some profit taking selling activities.
Plan A : Attempt buying as long as market stays firm above 1817.5
Plan B : Cut below 1817.5
Plan C : Consider intraday sell only if market surge towards 1848 level but fails to breach through
Plan D : Cut above 1855
FCPO
FCPO rebounded to 2180 yesterday morning but dampened by the selling pressure from the market in the afternoon. Market though closed at selling signal, it remains suspicious.
Dalian and overnight soybean oil are mixed while Ringgit strengthen at RM 3.68 against U.S. Dollar.
Plan A : Intraday investor may continue to trade within consolidation range of 2155 to 2182. Place stop. Exit buying if 2169 is not breach.
Plan B : Short term seller may sell if market could not breach 2169. Target is 2143 and 2104.
Plan C : Short term buyer stay out of market.
Plan D : Above 2180, do nothing.
Plan E : Below 2140, do nothing.
*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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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