HSI Futures
The Dow Jones industrial average and S&P 500 ended at record highs on Monday, helped by a rally in Apple as well as tepid economic data suggesting the Federal Reserve may wait to raise interest rates.
Hong Kong stocks remained lackluster on Monday in the aftermath of profit-taking by major foreign investors following a 13 percent surge in April, and as inflows of mainland money failed to reach the levels needed to maintain the market's rise.
Plan A : Above 27805, do nothing
Plan B : Below 27373, do nothing
Plan C : Consider selling if market rebounds but fails to break above 27640
Plan D : Cut above 27805
Plan E : Attempt buying if market holds firmly above 27538
Plan F : Cut below 27373
FKLI
Market was seen stable after breaching and hold firmly above 1818 level. Market is expected to remain resilient for now even if there were any profit taking selling coming along the way. Corrections should be mild with supports seen at 1818 and 1812
Plan A : Attempt buying if market were to retrace and hold firmly above 1818
Plan B : Cut below 1812
Plan C : Intraday selling to be considered only if market surge but fails to break above 1833
Plan D : Cut above 1836.5
FCPO
FCPO flattened yesterday with minimal commotion. Dalian and soybean oil are trading weak today with Ringgit slightly weaken to RM 3.58 against the greenback. Market is rather weak but descending power is slow, thus, investor might need to be patient.
Plan A : Overnight seller hold on to position. Resistance is looking at 2194. Target is 2151 and 2102.
Plan B : Buyer may stay out of market.
Plan C : Intraday investor may sell if market could rebound and resist around 2185 and 2178. Target is 2151 and 2124.
Plan D : Above 2180, do nothing.
Plan E : Below 2150, 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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