13 October 2014

HSI Futures

The S&P 500 and Nasdaq on Friday posted their largest weekly declines since May 2012 and the Dow turned negative for the year, led down by technology stocks after a chipmaker warned of a major pullback in the industry.

Hong Kong shares tumbled nearly 2 percent on Friday on weakness in global equity markets plus jitters over a possible flare-up in pro-democracy protests in the city. Japan markets are closed today for Health-Sports Day celebration. 

Plan A : Above 23269, do nothing
Plan B : Below 22940, do nothing
Plan C : Consider selling if market rebounds but fails to break above 23164
Plan D : Cut above 23269
Plan E : Intraday buying to be considered only if market holds firmly above 22940
Plan F : Cut below 22759


FKLI

Market officially turned bear on Friday after breaking below 1815 level. Support at 1803 look likely to be tested today. Failure to hold will see market heading towards 1790 and 1783 next.

Plan A : Attempt selling near 1815 level
Plan B : Cut above 1823
Plan C : No buying to be attempted for the time being


FCPO

FCPO shown some weakness last week and recorded the low of 2158. Market though still hover around the consolidation range but with overnight soybean oil and Dalian trading at negative net change, it is likely that market could open lower later. 

Plan A : Overnight seller hold on to position. Resistance is looking at 2212. Target is 2120.
Plan B : Intraday investor might want to sell at rebound. Resistance is 2188. Target is 2143.
Plan C : Buyer stay out of market.
Plan D : Above 2220, do nothing.
Plan E : Below 2140, 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