HSI Futures
U.S. stocks closed down on Thursday as the Bank of Japan's shocking call to cap monetary stimulus continued to rattle investors while a late day decline in Apple shares on remarks from billionaire investor Carl Icahn added to selling pressure.
Hong Kong shares ended slightly firmer on Thursday, as the U.S. Federal Reserve appeared to be in no hurry to raise interest rates, although major indexes gave up most of their gains after the Bank of Japan held off on expanding monetary stimulus. Japan markets are shut today for Showa Day celebrations.
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Plan A : Above 21364, do nothing
Plan B : Below 21077, do nothing
Plan C : Sell if market stays below 21212
Plan D : Cut above 21297
Plan E : Consider intraday buy if market gap down but rebound from 21077
Plan F : Cut below 21077
FKLI
Market continue to head south with sentiment remains bearish for now. Investors are advised to wait for rebound to sell instead of trying to catch a falling knife.
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May contract
Plan A : Attempt selling around 1670 level
Plan B : Cut above 1675
Plan C : No buying to be considered for the time being
Plan D : Next support level 1653 and 1630
FCPO
FCPO performed a V-shape yesterday with high at 2609 and low of 2575. Dalian and soybean oil are leaning towards negative regions while Ringgit stays at RM3.88 against the greenback.
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Plan A : Sell if market rebounded and resisted around 2581. Targets are 2569, 2551, 2539 and 2526.
Plan B : Buy if market supported above 2526. Targets are 2539 and 2551.
Plan C : Above 2581, no fresh position.
Plan D : Below 2526, no fresh position.
*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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