16 October 2014

HSI Futures

U.S. stocks fell on Wednesday on continued worries about weak global demand, but managed to close well above session lows that briefly pushed the S&P 500 and Nasdaq into negative territory for the year.

Hong Kong shares finished up 0.4 percent on Wednesday as global stock markets showed some signs of stabilising, but gains were capped by weak China inflation data which added to concerns that global economic growth is faltering.

Plan A : Above 23234, do nothing
Plan B : Below 22851, do nothing
Plan C : Consider selling if market remain trading below 23128
Plan D : Cut above 23234
Plan E : Consider intraday buy only if market holds firmly above 22851 and triggers a buy
Plan F : Cut below 22681


FKLI

Market broke below several major supports yesterday before settling near day's low level of 1780. Market is expected to be under pressure once again although volatile Dow did recovered much of its earlier losses before losing 173-points for the day. 

Plan A : Wait for rebound to sell, possibly near 1791 level
Plan B : Cut above 1798
Plan C : No buying to be attempted unless market take a quick dive near 1744 level and rebound
Plan D : Cut below 1738


FCPO

FCPO continue to tumble to 2111 yesterday and with weak soybean oil and Dalian market, the opening also slipped at price 2123. Ringgit is still trading weak at RM3.27 against the greenback.

Plan A : Overnight seller may have exited yesterday as 2120 target is achieved. If you have not, resistance is 2143. Target is 2082.
Plan B : Intraday investor may sell if market could rebound and resisted at 2137. Target is 2082.
Plan C : Buyer stay out of market.
Plan D : Above 2140, do nothing.
Plan E : Below 2080, 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