10 October 2014

HSI Futures

The S&P 500 on Thursday posted its largest percentage decline in six months on concerns about the strength of the global economy and its effect on corporate earnings.

Hong Kong shares finished higher on Thursday, buoyed by gains in global markets on expectations that the Federal Reserve would keep interest rates low for a longer period. Taiwan market is closed for National Day celebration today.

Holding long
Plan A : 23178-23592, do nothing
Plan B : Below 23178, liquidate
Plan C : Above 23592, consider taking profits if it gaps up and retrace
Plan D : Consider intraday sell only if market fails to break above 23543
Plan E : Cut above 23592


FKLI

All focus will be on today's Budget Day announcement for Malaysia. Market attempted to stay resilient yesterday but heavy sell down in overnight Dow is going to distort further recovery. Market is expected to open gap down, catching many bulls with fading hopes today. 

Plan A : Attempt selling around 1828 level
Plan B : Cut above 1835
Plan C : Intraday buying can only be considered if market were to hold firm above 1815 
Plan D : Cut below 1810


FCPO

Investor rendered with surprise in the second session yesterday with a leap after a downturn in the morning. High at 2218 was not sustainable and it eventually slipped back to the consolidation range. Ringgit rebounded to RM3.25 and today is the day for the release of MPOB data. Therefore, market might be a bit wild today.

Plan A : Overnight seller might have exited yesterday as resistance at 2212 is breached. If you have not, resistance is 2230 and target is 2120.
Plan B : Intraday investor may range trade within 2230 to 2176.
Plan C : Buyer stay out.
Plan D : Above 2230, do nothing.
Plan E : Below 2160, 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