HSI Futures
Wall Street finished little changed on Monday as a better-than-expected start to corporate earnings season boosted investor confidence, but gains were curbed by a drop in commodities.
Hong Kong stocks ended Monday mixed, as investors awaited fresh direction from mainland markets after they seemed to stabilise.
Plan A : Above 25637, do nothing
Plan B : Below 25332, do nothing
Plan C : Consider selling if market fails to break above 25566 and retrace
Plan D : Cut above 25637
Plan E : Attempt buying if market stays firm above 25380
Plan F : Cut below 25261
FKLI
Market surged to an intraday high of 1736.5 before retracing and closed at 1721.5. Market could potentially consolidating for now as market survived a scare and rebounded from 1716.5. Firmer regional markets could lend support but weaker commodities prices could dampen any strong surge.
Plan A : Attempt buying as long as market stays above 1716
Plan B : Cut below 1708
Plan C : Consider intraday sell if market stays below 1724
Plan D : Cut above 1731
FCPO
FCPO remained stubborn, rebounding from its intraday low level of 2165 before settling near day's high level at 2188. Firmer bean and Dalian look likely to spur market up in the morning opening today. Weak global commodities prices could still weigh on any potential upside for CPO today. Hence, selling on rebound could still be the better trading technique for the day.
Plan A : Overnight seller hold on to position. Resistance 2213. Target 2077
Plan B : Intraday investors can consider selling if market stays below 2213. Target 2187 and 2166
Plan C : Buyer may stay out of market
Plan D : Above 2220, do nothing
Plan E : Below 2180, 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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