HSI Futures
Wall Street fell sharply on Thursday, with the S&P 500 and Dow industrials posting their worst daily drop in about six weeks, as a recent decline in technology shares deepened and outweighed strength in bank shares.
Hong Kong stocks closed at their highest level in nearly three weeks on Thursday, led by financials on bet that Beijing would unveil supportive policies as President Xi Jinping visits the former British colony to commemorate the 20th anniversary of its handover to China on July 1.
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Plan A : Above 25965, do nothing
Plan B : Below 25672, do nothing
Plan C : Attempt selling if market trades below 25793
Plan D : Cut above 25840
Plan E : Consider buying if market gap down but rebounds strongly from 25672
Plan F : Cut below 25640
FKLI
Some buying interest came in to support and gave a little gain to the market yesterday. However, FKLI is expected to open lower today after overnight Dow lost triple digits. Failure for July month contract to close above 1773 would triggers more selling going into new month next week.
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July contract:
Plan A : Attempt selling if market rebounds but fails to breach above 1778
Plan B : Cut above 1782
Plan C : Consider buying if market dives to 1767 and rebounds from there
Plan D : Cut below 1767
FCPO
FCPO successfully defended above 2447 level and closed almost at day's high level yesterday. Upsurge could continues today if market were to hold firm above 2471. Firmer bean and dalian will be needed to give the much needed booster for market to stand firm and also to avoid inflow of selling activities once again.
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Plan A : Attempt buying if market holds firm above 2460. Targets are 2471, 2481 and 2494.
Plan B : Consider selling if market fails to hold firm above 2471. Targets are 2460, 2454 and 2447.
Plan C : Above 2481, no fresh position
Plan D : Below 2460, 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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