4 September 2014

HSI Futures

U.S. stocks closed mixed on Wednesday, coming off morning highs amid economic reports and central bank news. The European Central Bank is scheduled to hold its monthly policy meeting on Thursday and may announce the launch of a bond-buying program.

Hong Kong's benchmark index made its largest daily gain in 9-1/2 months on Wednesday to close at its highest level since May 2008, while China's onshore markets took heart from upbeat results of two surveys on service sector activity.

Holding long

Plan A : 24837-25436, do nothing
Plan B : Below 24837, liquidate
Plan C : Above 25430, consider taking profits if it couldn't hold firm
Plan D : Consider intraday sell if market gaps up near 25683 and retrace
Plan E : Cut above 25841


FKLI

Market continued its bearish mode with market touching an intraday low of 1845.5 before settling at 1856.5 yesterday. Although there was some kind of technical rebound yesterday, sentiment would definitely been dampened especially with market staying below 1860 level.

Plan A : Attempt selling if market fails to break above 1860
Plan B : Cut above 1865
Plan C : Consider intraday buy if market stubbornly holds above 1852
Plan D : Cut below 1846.5


FCPO

FCPO finally rebounded from 5-year low and closed at buy signal. Regional competitive substituents are quite mixed, therefore, market might not experience significant movement during opening. Ringgit is still firm above 3.17 against greenback.

Plan A : Overnight buyer may hold on to position, take support at 1953. Target price is looking at 2091 and 2150.
Plan B : Intraday investor and fresh long term buyer may attempt buy. Support at 1962. Target is 2032 and 2091.
Plan C : Seller may stay out.
Plan D : Above 2040, do nothing.
Plan E : Below 1940, 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