HSI Futures
U.S. stocks ended down slightly on Wednesday as financials dropped after JPMorgan and Bank of America warned of revenue weakness in the current quarter, but gains in defensive plays offset the decline.
Hong Kong stocks ended Wednesday roughly flat, capping a fifth month of gains as steady inflows of Chinese money helped push the main share index to its highest in nearly 23 months. Caixin PMI data from China which due later in the morning will be focus of attention today.
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Plan A : Above 25606, do nothing
Plan B : Below 25417, do nothing
Plan C : Attempt selling if market rebounds but fails to breach above 25570
Plan D : Cut above 25606
Plan E : Consider buying only if market holds firmly above 25417 and rebound
Plan F : Cut below 25417
FKLI
FKLI was seen weak with market plunging below 1760-level. Market potentially might opens higher today after overnight Dow came through unscathed. Resistance at 1765.5 should be closely monitored. Failure to breach above convincingly would likely entice more selling for 1st trading day of June month.
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Plan A : Attempt selling if market stays below 1765.5
Plan B : Cut above 1769
Plan C : Consider buying only if market test 1755 and rebound
Plan D : Cut below 1755
FCPO
FCPO gained during early trading session yesterday, however, the market depressed at second session as Dalian and soybean oil weakened over the lunch break. Recovery kicked in towards the closing hour after stabilizing at 2480's. Dalian and soybean oil are mixed while Ringgit stays at RM4.29 against the greenback.
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Plan A : Buy if market stabilized above 2516. Targets are 2540, 2563 and 2575.
Plan B : Sell only if market failed to support above 2516. Targets are 2502, 2471 and 2463.
Plan C : Above 2526, no fresh position.
Plan D : Below 2502, 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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