HSI Futures

Turmoil returned to Wall Street on Tuesday after a brief rest, with renewed concerns about China's economy pushing major indexes down almost 3 percent and intensifying fears of a long-term selloff.

Hong Kong shares fell in sympathy with regional markets on Tuesday, as weak Chinese manufacturing data stoked fresh worries about a hard landing for the world's second-largest economy. China markets will be shut tomorrow and Friday for Victory Day celebrations. 

Plan A : Above 21221, do nothing

Plan B : Below 20831, do nothing

Plan C : Attempt selling if market rebounds but stays below 21101

Plan D : Cut above 21221

Plan E : Consider intraday long if market stays firm above 20831 and rebounds

Plan F : Cut below 20831

FKLI

Market tumbled freely yesterday as the discount to cash market kept widening with sentiment turned bearish once again. Fresh sellers must wait for a technical rebound to avoid selling at too low or too huge discount to the cash market. 

Plan A : Wait for a rebound to around 1572 before attempting any selling. 

Plan B : Cut above 1582

Plan C : Consider intraday long if market opens low but supported above 1539

Plan D : Cut below 1532

FCPO

FCPO rallied over three consecutive days after bottoming at 1863. Dalian and soybean oil are weak today while Ringgit is at RM4.22 against the US Dollar. It is likely for market to open lower today due to weak regional markets. 

Plan A : Overnight buyer may consider to exit if market could not support above 1965. Target is 2029, 2043 and 2068.

Plan B : Intraday investor and seller may sell if market could rebound and resist at 2003 or 2013. Target is 1967,1941 and 1915.

Plan C : Buyer may stay out today.

Plan D : Above 2020, do nothing.

Plan E : Below 1960, do nothing.

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