17 October 2014

HSI Futures

The S&P 500 and Nasdaq eked out slight gains on Thursday after another choppy session, as economic data eased fears about the potential effect of a weakening global economy on the United States.


Hong Kong shares finished lower on Thursday on worries over slowing global growth prompted by a slew of weak U.S. economic data, but losses were limited by a more positive outlook on China.

Plan A : Above 23128, do nothing
Plan B : Below 22681, do nothing
Plan C : Attempt selling if market try to rebound but fails to break above 23043
Plan D : Cut above 23128
Plan E : Consider intraday buy only if market holds above 22681 and triggers a buy
Plan F : Cut below 22681


FKLI
Persistent selling pressured market to touch an intraday of 1760.5 before settling at 1761.5 yesterday. Market might attempt some slight rebound today but rebound could be weak after sentiment got beaten down.

Plan A : Attempt selling near 1778 level
Plan B : Cut above 1781
Plan C : Consider buying only if market test its next support at 1744 and rebound
Plan D : Cut below 1738


FCPO

FCPO had side-way run yesterday with range of 2131 to 2104. Market might open slightly higher today as overnight soybean oil and Dalian markets are trading at positive net change. Ringgit stay firm at RM 3.28 against greenback.

Plan A : Overnight seller may consider to exit if resistance at 2143 is broken. Target is 2082 and 2068.
Plan B : Intraday investor might consider to range trade within 2143 to 2104.
Plan C : Long term buyer may need to wait 'till support at 2120 is firm.
Plan D : Above 2150, 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