3 April 2014

HSI Futures

The S&P 500 closed at another record high on Wednesday as signs of steady private-sector hiring suggested that the economy was slowly building momentum after a winter-related pullback.

Hong Kong shares finished up 0.3 percent on Wednesday, with property stocks posting their biggest one-day percentage gain in over two years after state media reported that some Chinese cities may relax house purchasing restrictions.

Holding a long
Plan A : 22378-22896, do nothing
Plan B : Below 22378, liquidate
Plan C : Above 22896, take profits first
Plan D : Selling can only be considered if market once again fails to break above 22570 and triggers a sell
Plan E : Cut above 22666


FKLI

Although market didn't manage to close above 1852 yesterday, it did achieved another intraday high of 1857.5. Market could possibly consolidate today but undertone of the market should remain firm

Plan A : Attempt long near 1841-1844 level
Plan B : Cut below 1838
Plan C : Intraday selling can be attempted if market fails to stay above 1852
Plan D : Cut above 1857


FCPO

After a tremendous jump from the market yesterday, do expect a pull back today. Taking a look at the competitive substituent markets, it's not surprised to see market to retrace back to 2610. Yesterday might be a dead cat bounce if market could not support at 2600's level.

Plan A : Intraday investor might need to be cautious today with any position. Only sell at rebound taking resistance at 2662. Target is 2599.
Plan B : Intraday buyer could buy if 2610 is supported. Target profit looking at 2671. Place a stop.
Plan C : Long term buyer can only buy if 2640 is supported. Allow market to consolidate to form the support. 
Plan D : Above 2680, do nothing.
Plan E : Below 2590, 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