29 October 2014

HSI Futures

U.S. stocks rose more than 1 percent on Tuesday, with the S&P 500 ending above its 50-day moving average for the first time in almost a month as strong earnings eased concerns about the outlook for corporate America. Investors were awaiting clues on the outlook for the U.S. economy from the Federal Reserve as the central bank commenced a two-day policy meeting. It is likely to reinforce expectations it will wait a long while before rising interest rates, although the Fed is all but certain to announce the end of its massive bond-buying stimulus.

Hong Kong shares rose on Tuesday, underpinned by expectations for a slower pace of U.S. interest rate rises and more reforms at Chinese state-owned enterprises (SOEs).

Plan A : Above 23671, do nothing
Plan B : Below 23259, do nothing
Plan C : Consider intraday sell if market stays below 23671 
Plan D : Cut above 23752
Plan E : Attempt buying if market were to corrects and holds firmly above 23325
Plan F : Cut below 23259


FKLI

Market finally broke above 1825 and closed firmly above it yesterday. Market now stands a chance of rallying further as long as it stays above 1821 today.

Holding long
Plan A : 1817-1840, do nothing
Plan B : Below 1817, liquidate
Plan C : Above 1840, consider taking profits
Plan D : Consider intraday sell only if market trades below 1825
Plan E : Cut above 1829


FCPO

FCPO finally broke through the consolidation and headed north. Soybean oil and Dalian stay strong, therefore, investor may expect a gap up during opening. 

Plan A : Overnight buyer hold on to position. Support is 2164. Target is 2413.
Plan B : Intraday investor may buy if market supported at 2181. Target is 2247.
Plan C : Long term fresh buyer stay out of market.
Plan D : Seller stay of market.
Plan E : Above 2250, do nothing.
Plan F : Below 2180, 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