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Daily Futures Trading Strategy 17 May 2017

Futurescoin
Publish date: Wed, 17 May 2017, 10:36 AM
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HSI Futures


The S&P 500 and the Dow ended Tuesday's session flat after mixed economic data and retail earnings, while the Nasdaq had another record close with help from technology stocks.


Hong Kong stocks turned lower on Tuesday after touching 21-month intraday highs, breaking a six-session winning streak, as investors took profit despite overnight strength on Wall Street.

 

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Plan A : Above 25440, do nothing

Plan B : Below 25188, do nothing

Plan C : Attempt selling if market fails to hold above 25270

Plan D : Cut above 25370

Plan E : Consider buying only if market test and rebound from 25188

Plan F : Cut below 25188



FKLI


FKLI tumbled yesterday after failing to breach above its resistance level of 1784. A somewhat profit taking activities turned buyers into worried mode as market were down almost every bid. Buyers will have to be extra vigilant today as any breakdown below 1769 might cause the market to be pressured and hence sending the market lower.

 

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Plan A : Attempt selling if market stays consistently below 1772.5

Plan B : Cut above 1776.5

Plan C : Consider buying only if market holds resiliently above 1769

Plan D : Cut below 1765

 

FCPO


FCPO experienced switch month effect with depressed prices in the earlier session but later erased the losses towards the close. Dalian and soybean oil are slightly mixed while Ringgit stays at RM4.31 against the greenback.

 

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Plan A : Sell if market rebounded and resisted 2635. Targets are 2608, 2569 and 2529.

Plan B : Buy only if market supported firm above 2608. Targets are 2636 and 2653.

Plan C : Above 2635, no fresh position.

Plan D : Below 2608, 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. 

HSI Futures


The S&P 500 and the Nasdaq notched record closing highs on Monday, powered by demand for technology stocks after a global cyber attack and by rising oil prices.


Hong Kong stocks rose for the sixth straight session to fresh 21-month highs on Monday, as investors shrugged off threats posed by a global cyber security attack, a missile test by North Korea and weak U.S. data.


To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for May subscription.

 

Plan A : Above 25440, do nothing

Plan B : Below 25120, do nothing

Plan C : Attempt buying if market holds firm above 25230

Plan D : Cut below 25120

Plan E : Consider selling if market surges but fails to breach above 25440

Plan F : Cut above 25480



FKLI


FKLI continues to head north despite failing to breach above 1778.5 once again. A continuous hold above 1770-level will set up a stage for market to rally once it breaks firmly above 1778.5. 


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Plan A : Remain buying as long as market stays firm above 1769

Plan B : Exit below 1769

Plan C : Consider selling if market once again fails to breach above 1784

Plan D : Cut above 1789



FCPO


FCPO performed quite well yesterday and today will be the switching day for FCPO. With bean and dalian trading rather flat, market is expected to open little changed today. Wait for the market to stabilize before taking the next step of action.


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Plan A : Long if market holds firm above 2595. Targets are 2612, 2624, 2630 and 2640.

Plan B : Short if market surges but fails to breach above 2624. Targets are 2616, 2610, 2597 and 2585.

Plan C : Above 2630, no fresh position

Plan D : Below 2585, 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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