15 October 2014

HSI Futures

The S&P 500 and Nasdaq ended up slightly on Tuesday, breaking a three-day string of declines that marked their worst losses since 2011, while the Dow finished lower for a fourth session on lingering worries about global demand.

Hong Kong shares ended slightly lower on Tuesday, erasing early gains as worries about cooling global growth continued to weigh on equity markets. Attentions will turn to China's CPI data due to release 9.30 am this morning. 

Plan A : Above 23405, do nothing
Plan B : Below 22851, do nothing
Plan C : Consider selling if market were to rebound but fails to break above 23128
Plan D : Cut above 23405
Plan E : Attempt buying if market holds firmly above 22851 and triggers a buy again
Plan F : Cut below 22851


FKLI

Market tumbled after failing to break above 1803 yesterday. Market is expected to remain for the time being despite positive close from overnight Dow. Any rebound could be weak as sentiment got beaten down. 

Plan A : Attempt selling near 1799 level
Plan B : Cut above 1803
Plan C : Consider intraday buying only if market manage to hold firm above 1781
Plan D : Cut below 1775


FCPO

FCPO is taking a breather at the moment with tight range movement. Soybean oil and Dalian markets are quite mixed in trading but with Ringgit rebounded to RM3.27 against greenback, it may limit the downside of the market.

Plan A : Overnight seller may hold on to position if resistance at 2188 is not broken. Target is 2120.
Plan B : Intraday investor may try to buy if support at 2143 is firm. Target is 2198 and 2212.
Plan C : Fresh seller stay out.
Plan D : Above 2200, 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