24 September 2014

HSI Futures

U.S. stocks fell on Tuesday, with consumer staples leading the S&P 500 down to its third straight daily loss, as investors grew concerned about the pace of global economic growth.


Hong Kong shares finished at their lowest in two months on Tuesday, unimpressed by stronger Chinese mainland markets and weighed down by a few index heavyweights.

Plan A : Above 24039, do nothing
Plan B : Below 23660, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 23949
Plan D : Cut above 24039
Plan E : Consider intraday buying only if market holds firmly above 23805 and triggers a buy
Plan F : Cut below 23660


FKLI

Bears seen taking control of the market for the time being despite attempts to rebound after touching an intraday low of 1824.5 yesterday. Sellers should just continue holding on to their position for now.

Holding a short

Plan A : Between 1800.5-1840, do nothing
Plan B : Above 1840, liquidate
Plan C : Below 1800.5, consider taking profits if it rebounds after trading lower
Plan D : No buying to be attempted till market stables itself


FCPO

FCPO rebounded to high of 2132 yesterday, breaking the resistance. Though market is leaning towards an uptrend, however, it has a possibility of market consolidation. Therefore, not recommended for long term investor to trade at this moment. 

Plan A : Overnight seller may have exited yesterday as resistance is broken. 
Plan B : Intraday investor could range trade at 2136 to 2097. 
Plan C : Above 2150, do nothing.
Plan D : 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