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Daily Futures Trading Strategy 4 May 2016

Futurescoin
Publish date: Wed, 04 May 2016, 10:58 AM
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HSI Futures


U.S. stocks closed lower Tuesday as the yen held stronger against the dollar amid renewed global growth concerns from weaker-than-expected Chinese manufacturing data.


Hong Kong's benchmark index fell the most in nearly 12 weeks on Tuesday, as some Asian markets gave up earlier gains amid worries about the ability of global central banks to boost growth through aggressive policy easing. Japan markets will remain close today and tomorrow for Greenery Day and Children's Day respectively.


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Plan A : Above 20789, do nothing

Plan B : Below 20327, do nothing

Plan C : Attempt selling if market rebounds but fails to break above 20712

Plan D : Cut above 20789

Plan E : Consider intraday buying if market gap down but rebounds from 20327

Plan F : Cut below 20327



FKLI


Market continued to head south yesterday with FKLI closing near new low of 1641. Long term sellers might want to consider taking profits soon if FKLI test 1629-1630 level and rebound. For fresh position, wait for higher to sell.


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Plan A : Long term sellers take profits around 1629-1630 level

Plan B : Attempt selling if market rebounds but fails to breach above 1653

Plan C : Cut above 1658

Plan D : Consider intraday buy if market rebounds firmly from 1630

Plan E : Cut below 1626



FCPO


FCPO resume with the sell trend on Monday with morning gap down. Dalian and soybean oil are rather weak today while Ringgit weakened against the greenback at RM3.98.


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Plan A : Sell if market resisted around 2554. Targets are 2526 and 2491.

Plan B : Buy if market supported above 2526. Targets are 2539 and 2553.

Plan C : Above 2554, 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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