HSI Futures

Wall Street closed flat on Wednesday after a volatile session, supported by bank shares, as the minutes from the Federal Reserve's April meeting signaled a potential interest rate increase in the near term.

Hong Kong stocks tumbled on Wednesday, with sentiment hurt by weakness on Wall Street, following comments from Federal Reserve officials that rekindled prospects of a U.S. interest rate rise as soon as June.

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Plan A : Above 19826, do nothing

Plan B : Below 19613, do nothing

Plan C : Attempt selling if market stays below 19732

Plan D : Cut above 19826

Plan E : Consider buying if market holds stubbornly above 19613 and rebounds

Plan F : Cut below 19613

FKLI

Market performed rather well yesterday, surging to an intraday high level of 1633 before closing at 1631. However, weak Ringgit today at 4.07 against greenback could prompt FKLI to have a softer opening. Market is expected to range between 1623-1631 in the morning pending any surprises. Only a clear breakout from this range will see a clearer picture of market direction.

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Plan A : Attempt selling if market stays below 1628

Plan B : Cut above 1633

Plan C : Consider buying if market holds stubbornly above 1623

Plan D : Cut below 1618

FCPO

FCPO broke below several major supports yesterday but pushed back up at the closing minutes after successfully defended above 2540 level. Market is expected to open lower today, moving in tandem with bean and dalian but weaker RM could provide some supports. Sellers are reminded to avoid selling at a too low level. Wait for the rebound before selling.

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Plan A : Sell on rebound. Possibly around 2578 level. Targets are 2540, 2522 and 2500

Plan B : Buy only if market supports stubbornly above 2552. Targets are 2566, 2578 and 2586

Plan C : Above 2578, no fresh position

Plan D : Below 2540, 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.