HSI Futures
Wall Street ended flat on Thursday as a steep fall in the energy sector countered some solid earnings reports, with major stock indexes little changed after the U.S. House of Representatives passed major healthcare legislation.
Hong Kong stocks slipped slightly on Thursday, as a jump in index heavyweight HSBC Holdings largely counterbalanced any bearish sentiment stemming from the U.S. Federal Reserve's hawkish policy statement. Japan market remain close today while South Korea markets too will be close for Children's Day celebration.
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Plan A : Above 24665, do nothing
Plan B : Below 24444, do nothing
Plan C : Attempt buying if market holds firm above 24520
Plan D : Cut below 24444
Plan E : Consider selling if market surges but fails to breach above 24665
Plan F : Cut above 24700
FKLI
FKLI tumbled yesterday with bad sentiments lingering around for the cash market. It will be important for FKLI to stabilize above 1755.5 if it were to detach itself from past two day's slump. A strong close above 1762 would be booster to buyers who have felt worried over the past two days.
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Plan A : Attempt buying if market stays firm above 1755.5
Plan B : Cut below 1749
Plan C : Consider selling if market surges but fails to breach above 1766.5
Plan D : Cut above 1770
FCPO
FCPO flattened and remain directionless for intraday trading, the movement is almost identical to previous day. Overall pattern is churning upside however, the direction is yet to confirm as buying interest does not seems to be overwhelming with strengthening RM. Dalian and soybean oil are mixed while Ringgit stays at RM4.33 against the greenback.
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Plan A : Buy if market support firm above 2541. Targets are 2560, 2582 and 2598.
Plan B : Sell if market rebounded but resisted around 2541. Targets are 2520, 2496 and 2479.
Plan C : Above 2556, no fresh position.
Plan D : Below 2520, 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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