15 December 2014

HSI Futures

U.S. stocks fell sharply on Friday, leaving the benchmark S&P 500 with its worst weekly performance since May 2012, as investors pulled back from the markets in response to oil's free-fall and more weak data out of China.

Hong Kong shares edged down on Friday as investors stayed cautious, with some worrying that good U.S. retail data will cause the Federal Reserve to starting raising interest rates not too far into 2015.

Plan A : Above 23463, do nothing
Plan B : Below 23130, do nothing
Plan C : Attempt selling if market stays below 23228
Plan D : Cut above 23463
Plan E : Consider intraday buy if market stays firm above 23130
Plan F : Cut below 22992


FKLI

Market closed at day's low level of 1725 last Friday, right above its immediate support of 1724. However, market is expected to dive today after Friday's Dow lost 315-points. Asian markets are expected to face selling pressure in the morning.

Plan A : Attempt selling around 1720-1724 level
Plan B : Cut above 1732
Plan C : No buying to be attempted for the time being


FCPO

FCPO still hovered around the consolidation range without any break through. Weakening ringgit has limit the downside of the market. Therefore, there might not be too much of a plunge. On the other hand, the daily low price is getting higher over the past one week which formed support to the market outlook. 

Plan A : Intraday investor may sell if market could not break 2190. Target is 2167 and 2151.
Plan B : Buyer may buy if market could support above 2167. Target is 2225 and 2246.
Plan C : Above 2190, do nothing.
Plan D : Below 2160, 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