20 February 2014

HSI Futures

U.S. stocks slid on Wednesday in a late selloff after minutes of the U.S. Federal Reserve's latest policy-setting meeting indicated that the central bank will keep trimming its bond-buying stimulus unless there is a significant economic surprise.

Hong Kong shares inched up, reaching their highest close since Jan. 23, as investors awaited a key China manufacturing survey due out on Thursday. Results will be due at 9.45am local time.

Holding a short
Plan A : 22297-22784, do nothing
Plan B : Above 22784, cut
Plan C : Below 22297, consider taking profit first
Plan D : Consider buying only if market corrects but hold firm above 22297 and triggers a buy again
Plan E : Cut below 22297


FKLI

FKLI did a last minute surged, touching a high of 1834.5 before settling at 1833 yesterday. Resistance at 1835 is still intact. Market might consolidate a little unless market could break above 1835 convincingly.

Plan A : Eager sellers can attempt selling around 1830-1835 level
Plan B : Cut above 1837
Plan C : Buying can be attempted around 1821-1824
Plan D : Cut below 1817


FCPO

Market went to high of 2733 yesterday and closed at 2708. Some seller came in last minute to press down the market to the closing price. Today might see some correction from the market.

Plan A : Overnight seller may stay put today and the profit target looking at 2662. Resistance looking at 2717 and 2739. 
Plan B : Intraday investor could try some selling if market trade around 2700 level. Resistance looking at 2717 and 2707. Profit target looking at 2687 and 2675.
Plan C : Buyer may want to avoid the market for a bit.
Plan D : Above 2740, do nothing.
Plan E : Below 2660, do nothing.


*Disclaimer: This information is intended to assist professional investors. 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