25 February 2014

HSI Futures

U.S. stocks rose on Monday and the S&P 500 hit a record intraday high, helped by gains in health insurers' shares and optimism about merger activity.

China shares suffered their biggest loss in seven weeks on Monday, hurting Hong Kong markets, after mainland news reports stoked fears that banks have tightened loans to property developers. Monday's losses, which erased a recent rebound for Chinese property shares, were rooted in fears of new moves by authorities in their four-year campaign to rein in risks of a possible asset-bubble as home prices have surged.

Plan A : Below 22202, do nothing
Plan B : Above 22690, do nothing
Plan C : Consider selling if market opens gap up but fails to break above 22690
Plan D : Cut above 22751
Plan E : Consider buying only if market opens low but supports well above 22202 and triggers a buy signal
Plan F : Cut below 22202


FKLI

As expected market consolidated once again yesterday with buyers survived an early scare when market dived to 1825.5 but market closed firm eventually. 

Plan A : Attempt buying between the range of 1823-1828
Plan B : Cut below 1820
Plan C : Consider selling only if market opens gap up but fails to break above 1845
Plan D : Cut above 1848


FCPO

Market went to a high of 2777 and looks like it has tipped for the trend. There is a force of seller near closing and it might be some profit taking. In fact, I wouldn't discount for a correction to take place. Ringgit has slightly recovered against USD to 3.27 today.

Plan A : Overnight buyer might want to get out today. Support looking at 2739. Advisable not to hold on to position overnight.
Plan B : Long term seller might want to come into play by selling around 2750's. Taking 2767 as resistance. Profit target looking at 2677.
Plan C : Intraday investor might want to sell around 2750's, taking 2767 and 2710 as resistance and support.
Plan D : Above 2770, do nothing.
Plan E : Below 2710, 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