HSI Futures
Wall Street rallied on Wednesday, with the S&P 500 tallying its biggest one-day percentage gain in about two months, as financial and tech stocks led a broad market rebound.
Hong Kong stocks fell the most in nearly two weeks on Wednesday, with sentiment hurt by a stumble on Wall Street overnight and more losses on the city's second board following the previous session's nearly 10 percent slide.
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Plan A : Above 25874, do nothing
Plan B : Below 25599, do nothing
Plan C : Attempt buying if market trades resiliently above 25744
Plan D : Cut below 25664
Plan E : Consider selling if market surges but fails to breach above 25875
Plan F : Cut above 25952
FKLI
Spot month FKLI tumbled to close at 1769 yesterday but forward month contract is trading at a huge premium of 7.5 points. With boost from overnight Dow gain, market is expected to open higher today but sustainability of it would be closely monitored. Only a firm close above 1779 for forward month contract would give the comfort to buyers who have been feeling jittery after yesterday's slump.
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July month contract:
Plan A : Attempt buying if market holds firm above 1779
Plan B : Cut below 1773
Plan C : Consider selling if market fails to breach above 1784 and retrace
Plan D : Cut above 1788
FCPO
FCPO continued trading in a consolidation way, rebounding after touching an intraday low of 2428 yesterday. With bean and Dalian trading positive today, FCPO is also expected to open higher. However, it will be important for FCPO to breach through 2471 convincingly if it were to detach itself from its bear stage. Otherwise, selling pressure might kick in again after a higher opening.
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Plan A : Buy if market trades firmly above 2445. Targets are 2455, 2465 and 2471.
Plan B : Sell if market fails to hold firm above 2445 after a higher opening. Targets are 2438, 2427 and 2412.
Plan C : Above 2465, no fresh position
Plan D : Below 2427, 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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