30 October 2014

HSI Futures

U.S. stocks closed with slight losses on Wednesday, finishing off their lows of the session, after the Federal Reserve ended its stimulative monthly bond-buying program and expressed confidence in U.S. economic prospects.

Hong Kong shares rose, tracking strength in China markets, on anticipation the Federal Reserve later on Wednesday will reinforce signals that it could be a long time before U.S. interest rates rise.

Plan A : Above 23885, do nothing
Plan B : Below 23670, do nothing
Plan C : Consider intraday sell if market fails to breach and stays firm above 23885
Plan D : Cut above 23966
Plan E : Attempt buying if market corrects but stays firm above 23670
Plan F : Cut below 23539


FKLI

Market did a remarkable surge to close at 1843 yesterday. Market has successfully recouped most of its losses from early of the month but sustainability of it would be questioned as profit taking selling could kick in today amid weaker RM.

Holding long
Plan A : 1833-1865.5, do nothing
Plan B : Below 1833, liquidate
Plan C : Above 1865.5, take profits first
Plan D : Consider intraday sell if market fails to break above 1845
Plan E : Cut above 1848


FCPO

FCPO rocketed its way to 2267 yesterday, moreover, with the spike in the overnight soybean oil and Dalian market, it is expected to leap to a new high at opening. Ringgit further weaken to RM3.28 signalling market might have room for more upside.

Plan A : Overnight buyer may hold on to position. Support is looking at 2223. Target is 2413.
Plan B : Intraday investor may sell if market gap up too high. Resistance at 2329. Target is 2263. Only apply to opening hour.
Plan C : Fresh buyer stay out.
Plan D : Above 2290, do nothing.
Plan E : Below 2260, 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