HSI

U.S. stocks ended higher yesterday, contributed by the surge in the technology stock and also the stabilizing global interest rates. April jobs report eyed and expected to be better.

Dow closed up 82 points while Nasdaq held below 5000 and S&P 500 failed to break resistance at 2093.

Hang Seng experienced three consecutive losing days after a rally back in weeks ago. 

Plan A : Overnight seller hold on to position. Resistance is looking around 27629. Target is 26957 and 26125.

Plan B : Intraday investor may sell if market rebounded and resisted around 27521. Target is 26957.

Plan C : Buyer may stay out of market.

Plan D : Above 27600, do nothing.

Plan E : Below 27000, do nothing.

FKLI

Market is losing its ground with the recent downtrend from the high of 1871. Though market is suggesting a down but seller should be cautious with the selling price as market has dropped quite a bit.

Plan A : Overnight seller hold on to position. Resistance is looking at 1818. Target is 1785 and 1766.

Plan B : Fresh seller may stay out today.

Plan C : Buyer may stay out today.

Plan D : Above 1820, do nothing,

Plan E : Below 1800, do nothing.

FCPO

FCPO tipped at 2200 during the two days gap-up and market started to exhaust yesterday, failing to rebound above 2197. Dalian and overnight soybean oil are trading weak today and it is quite lightly for market to close the gap while RM remains weak at RM 3.60 against the greenback.