18 December 2014

HSI Futures

The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the U.S. economy and said it would take a patient approach toward raising interest rates.

Hong Kong's main share index finished down slightly on Wednesday as a rally in financial firms failed to offset slumping service and information technology shares.

Plan A : Above 22729, do nothing
Plan B : Below 22497, do nothing
Plan C : Attempt selling if market fails to break above 22595
Plan D : Cut above 22729
Plan E : Consider intraday buy if market holds firm above 22497 and rebounds
Plan F : Cut below 22290


FKLI

Market made a strong rebound to an intraday high level of 1695.5 before retracing to 1678.5 for the close yesterday. Market seems like bottoming out temporary especially if market were to hold firm above 1681 today.

Plan A : Consider buying if market holds firmly above 1681
Plan B : Cut below 1671
Plan C : Attempt selling only if market rebounds and fails to break above 1704
Plan D : Cut above 1710


FCPO

FCPO rebounded yesterday with recent low of 2103 and high of 2136. Market went wild within the narrow range and eventually closed at 2131. Ringgit started to rebound against the greenback at RM3.47, this may give way to the market to move down further.

Plan A : Overnight seller hold on to position. Resistance pegged at 2159. Target is 2083 and 2056.
Plan B : Intraday investor sell if market resisted at 2140. Target is 2103.
Plan C : Buyer stay out of market.
Plan D : Above 2150, do nothing.
Plan E : Below 2120, 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