2 September 2014

HSI Futures

U.S. stocks closed out a strong month on a quiet note on Friday, with the S&P 500 posting a modest gain to close at a new record as the latest positive data helped extend a rally that had been briefly threatened by overseas concerns.

Hong Kong's benchmark index failed to hold onto midday gains on Monday, hurt by a weaker gambling sector after data showed Macau casino revenue declined for the third straight month in August.

Plan A : Below 24530, do nothing
Plan B : Above 24837, do nothing
Plan C : Attempt buying if market holds firm above 24530 and triggers a buy
Plan D : Cut below 24530
Plan E : Consider selling if market gaps up but fails to break above 24837
Plan F : Cut above 24918


FKLI

Market continued to hold firm despite failing to break away from this current consolidation range. Market must at least close firmly above 1869.5 to further convince buyers that market is still resilient.

Plan A : Consider selling if market fails to break above 1876.5
Plan B : Cut above 1882
Plan C : Attempt buying if market continue to hold firm above 1869.5
Plan D : Cut below 1864.5


FCPO
FCPO was exerted with selling pressure last Friday and it eventually break down to low of 1926. Market has breached supports for the uptrend and today there might be another round of downside as overnight soybean oil was down 60 cents. 

Plan A : Intraday player could sell at rebound. Resistance is looking at 1954. Target is projecting at 1878.
Plan B : Buyer may stay out.
Plan C : Above 1960, do nothing.
Plan D : Below 1900, 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