HSI Futures
The Dow and S&P 500 hit record closing highs on Friday after weak economic data dulled prospects of more interest rate hikes this year.
Hong Kong stocks rose for the fifth straight day on Friday, recording their best weekly gain in a year, as the previous week's correction attracted bargain hunting from mainland China investors. Japan markets are closed today for Marine Day celebration.
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Plan A : Above 26523, do nothing
Plan B : Below 26310, do nothing
Plan C : Attempt buying if market stays resiliently above 26378
Plan D : Cut below 26310
Plan E : Consider selling if market surges but fails to breach above 26523
Plan F : Cut above 26579
FKLI
FKLI once again moved within a tight 4-points range last Friday as investors are torn between buying and selling. Market is expected to open higher today, taking cue from Friday's Dow but gains once again could be capped especially if the gap up is not sustainable. It will be wise to monitor closely before taking any new position as both buyers and sellers are battling out to become the winner.
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Plan A : Attempt buying only if market trades firmly above 1762
Plan B : Cut below 1758
Plan C : Consider selling if market surges but fails to breach above 1766
Plan D : Cut above 1770
FCPO
FCPO opened gap-down in the morning, however, the recovery kicked-in, progressively pushing the market back up to 2573. Dalian and soybean oil are slightly positive while Ringgit stays at RM4.28 against the greenback.
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Plan A : Sell if market rebounded and resisted around 2567. Targets are 2545 and 2521.
Plan B : Buy if market supported firm above 2551. Targets are 2567, 2586 and 2627.
Plan C : Above 2567, no fresh position.
Plan D : Below 2551, 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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