8 April 2014

HSI Futures

U.S. stocks fell on Monday with the S&P 500 posting its biggest three-day drop in two months, as investors bid down Internet stocks and rotated into defensive names to protect against further declines.

Hong Kong shares ended lower on Monday, pulled down by index heavyweight Tencent as the Internet firm tracked a slide in tech stocks on Wall Street, while casino operators also fell.

Holding a short
Plan A : 22049-22761, do nothing
Plan B : Above 22761, cut
Plan C : Below 22049, consider buying back first if it refuses to go down further
Plan D : Consider turning buy only if market corrects to near 22049 level and triggers a buy
Plan E : Cut below 21999


FKLI

FKLI remained resilient despite weak regional markets yesterday. Market will probably face resistance near  the 1871 level now with support stood at 1852

Plan A : Attempt selling if market surge but fails to break above 1871
Plan B : Cut above 1875
Plan C : Consider buying only if market continues to hold firm above 1852
Plan D : Cut below 1848

FCPO

Market is still choppy with sudden ups and downs over the past one week. Market is going through consolidation with support at 2610 and resistance at 2671. Therefore, investor might want to expect the least from the market until consolidation range been narrowed.

Plan A : Intraday investor could try to trade within range of 2610 to 2671.
Plan B : Long term buyer may need to patient and wait for the consolidation to end. 2640's need to be supported and profit target looking at 2707.
Plan C : Long term seller may try to sell if market does not break 2665. Profit target is 2484.
Plan D : Above 2680, do nothing.
Plan E : Below 2600, 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