18 September 2014

HSI Futures

U.S. stocks edged higher in volatile trading on Wednesday after the U.S. Federal Reserve renewed its pledge to keep interest rates near zero for a "considerable time" and repeated concerns over slack in the labor market, standing firm against calls to overhaul its policy statement.

Hong Kong's benchmark index closed higher for the first time in nine sessions on Wednesday, tracking gains in U.S. markets on speculation the Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the day.

Plan A : Above 24488, do nothing
Plan B : Below  24177, do nothing
Plan C : Consider selling if market fails to breach above 24488
Plan D : Cut above 24605
Plan E : Attempt buying if market stays firm above 24177 and triggers buying signal 
Plan F : Cut below 24082


FKLI

Market seems sluggish despite attempts to breach above 1840 level once again. Market must at least stands firm above 1838 today in order to have any chance of decoupling itself from the bearish mode

Plan A : Consider buying if market breach and stays firm above 1838
Plan B : Cut below 1833
Plan C : Attempt selling if market test 1850 level but fails to breach through
Plan D : Cut above 1855


FCPO

Short covering at the eleventh hour pushed FCPO to an intraday high level of 2150 before settling at 2144 for a close yesterday. Weak RM at 3.23 and strong overnight bean would help market stay stable for the time being. 

Plan A : Overnight buyers may hold on to their position. Support looking at 2098 with target stood at 2212
Plan B : Intraday player can consider to buy at 2120 level 
Plan C : Cut below 2098
Plan D : Consider intraday selling only if market fails to breach above 2155
Plan E : Cut above 2177



*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