19 September 2014

HSI Futures

U.S. stocks rose on Thursday, a day after the U.S. Federal Reserve kept intact its pledge to keep interest rates low, providing a backstop for investors that helped lift both the Dow and S&P to record highs.

Hong Kong shares finished lower on Thursday after weak Chinese housing data heightened concerns of a deepening downtrend in the property sector that is weighing on the broader economy.

Plan A : Above 24392, do nothing
Plan B : Below 24082, do nothing
Plan C : Consider selling if market gaps up but fails to breach above 24392
Plan D : Cut above 24488
Plan E : Attempt buying if market stays firm above 24082 and triggers a buy
Plan F : Cut below 24082


FKLI

Buyers got the booster much needed yesterday after market closed at day's high level of 1839. Buyers can continue to hold on to their position as long as market stays firm above 1834

Holding a long
Plan A : 1834-1855, do nothing
Plan B : Below 1834, cut
Plan C : Consider taking profit above 1855 if it could not sustain
Plan D : Intraday sell to be considered only if market fails to break above 1850
Plan E : Cut above 1855


FCPO

FCPO tipped at recent high of 2173 yesterday, however, it started to experience some selling pressure during the second session and finally it closed at 2145. Market correction seems inevitable after the rally. Overnight soybean oil is down 67 cents and Dalian market is down too and therefore, investor might anticipate a gap down during the opening hour. Ringgit record 3.24 against the greenback.

Plan A : Overnight buyer may hold on to position if market could support above 2086. Target is 2248.
Plan B : Intraday investor may consider to sell if market rebounded and could not break resistance at 2150. Target is 2090.
Plan C : Fresh buyer may stay out.
Plan D : Above 2150, do nothing.
Plan E :  Below 2080, 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