4 August 2014

HSI Futures

U.S. stocks ended lower on Friday as jobs data suggesting the Federal Reserve has room to keep interest rates low for some time was offset by lingering concern over Argentina's default.

Hong Kong shares finished lower on Friday tracking softer overseas markets ahead of U.S. jobs data late Friday, with property developer Cheung Kong leading the slide. A raft of central bank decisions in Australia, India, Japan and Thailand alongside Chinese trade data are expected to be the key focal points in Asia this week.

Plan A : Above 24736, do nothing
Plan B : Below 24372, do nothing
Plan C : Attempt selling if market recovers but fails to break above 24736 before triggering a sell again
Plan D : Cut above 24736
Plan E : Consider buying if market holds firm above 24372 and rebounds
Plan F : Cut below 24372


FKLI

Market continued its slump last Friday and could remain the same today.

Plan A : Attempt selling around 1863-1864
Plan B : Cut above 1869
Plan C : Consider buying only if it reaches 1828 and rebounds
Plan D : Cut below 1828


FCPO

FCPO seems to stabilize last Friday with closing at 2284. Investor might experience some hiccup during the opening hour as soy bean oil is down by 66 cents.

Plan A : Overnight buyer could hold on to position if market could support above 2264. Target price is looking at 2342 and 2390.
Plan B : Seller may stay out of market.
Plan C : Fresh buyer may buy if 2264 is supported. Intraday target is 2294.
Plan D : Above 2300, do nothing.
Plan E : Below 2250, 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