20 November 2014

HSI Futures

U.S. stocks edged lower on Wednesday as minutes from the most recent Federal Reserve meeting gave investors few new clues as to when U.S. interest rates may rise.

Hong Kong shares fell for the third consecutive day, dragged down by disappointment that the highly-anticipated Shanghai-Hong Kong stock connect scheme was not bringing capital southbound from the mainland. China's HSBC flash manufacturing purchasing managers' index (PMI) for November is due at 9.45 am this morning. 

Plan A : Above 23533, do nothing
Plan B : Below 23291, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 23476
Plan D : Cut above 23642
Plan E : Consider intraday buy if market supports above 23291 and rebounds
Plan F : Cut below 23208


FKLI

Market performed a strong rebound yesterday before losing a bit of steam towards the end and settled at 1824. Market will have to remain trading above 1818 if it were to prove that it is reversing up from its earlier bearish mode. 

Plan A : Consider buying if market stays firm above 1821
Plan B : Cut below 1816
Plan C : Attempt selling if market fails to break above 1829
Plan D : Cut above 1837


FCPO

FCPO could not sustain the high at 2270 and eventually retrace during the second session. Market has not shown any sign of a trend yet at this stage. However, with weaken Ringgit, the downside could be limited.  

Plan A : Seller could sell if market could rebound and resisted around 2247 and 2253. Target is 2222 and 2182.
Plan B : Buyer wait for market to consolidate before joining the ride. Support is 2234. Target is 2305.
Plan C : Above 2250, do nothing.
Plan D : Below 2220, 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