4 February 2014

HSI Futures

U.S. stocks slumped on Monday, with the S&P 500 suffering its worst drop since June, after weaker-than-expected data on the factory sector in the world's largest economy provided investors with the latest reason to move away from riskier assets.

Hong Kong shares ended January near a five-month low, as risk appetites were reduced on Thursday by the U.S. Federal Reserve's fresh cut in monetary stimulus and an underwhelming private survey of China factory activity.

Plan A : Below 21850, do nothing
Plan B : Above 22103. do nothing
Plan C : Attempt selling around 22000 level if it fails to move up further
Plan D : Cut above 22103
Plan E : Consider buying only if market gap down too far away from 22000 and find a footing after half an hour
Plan F : Take a 60-points risk


FKLI

KLCI made a last minute surge on the day before market closed for long CNY holiday but this would be short-lived as market is expected to open gap down today after huge losses from the U.S. market

Plan A : Sell around 1784-1786 level
Plan B : Cut above 1793
Plan C : Buying can only be considered if market fell but holds firm above 1747
Plan D : Cut below 1742



FCPO

Dalian will remain close for the rest of the week in conjunction with CNY holiday. Weak ringgit could lend some support to CPO prices today but gains could be limited as market is under selling pressure. Buying however can be attempted with some justified risk

Plan A : Attempt buying around the 2548-2552 level
Plan B : Cut below 2532
Plan C : Consider taking profit if market fails to breach above 2579 today
Plan D : Selling can only be considered if market fails to breach above 2579
Plan E : Cut above 2593





*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 wi.th its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment