3 September 2014

HSI Futures

U.S. stocks ended mostly lower on Tuesday, retreating from records set the previous month, as falling crude oil prices dragged energy shares down and offset strong manufacturing data.

Hong Kong shares finished flat for a third session on Tuesday, but recovered from session lows after major indexes in China's market reached fresh highs this year. The Bank of Japan kicks off a two-day policy meeting with a decision due on Wednesday while China's services purchasing manager's index for August is scheduled for release today. 

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 was visibly weak especially as it fails to break above 1869.5. Weak Ringgit is also another reason why market performed badly. 

Plan A : Attempt selling if market fails to break above 1865
Plan B : Cut above 1869.5
Plan C : Consider buying if market stubbornly holds above 1858.5
Plan D : Cut below 1856


FCPO

FCPO recorded new low of 1914 and rebounded to high of 1963 as of yesterday performance. Ringgit recovered to 3.18 against greenback and this could be a hint to the buyer. Regional competitive substituents are slightly up. However, a sell trend is still intact if resistance are not breached.

Plan A : Intraday investor could buy if market could support above 1927. Target is looking at 1983 and 2032.
Plan B : Long term buyer may need to wait for market to stabilize before entering. Therefore, wait for second session and buy only if market could support above 1950 before closing. 
Plan C : Seller may stay out. 
Plan D : Above 1970, do nothing.
Plan E :  Below 1920, 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