15 January 2015

HSI Futures

U.S. stocks fell for a fourth day on Wednesday as a World Bank forecast fueled concerns about global economic weakness and copper prices sank, although a late-day rebound in energy shares left the market well off its lows after a volatile session.

Hong Kong shares fell on Wednesday, in line with most regional markets hurt by declining commodity prices and after the city's chief executive said the government will suspend an immigrant investor programme.

Holding short
Plan A : 23896-24256, do nothing
Plan B : Above 24256, cut
Plan C : Below 23896, consider taking profits if market rebounds
Plan D : Intraday buying to be considered only if market holds firm above 24075 and triggers a buy
Plan E : Cut below 23896


FKLI

Market faced persistent selling pressure yesterday after touching an intraday high level of 1747. Market could continue to struggle today if overnight Dow were to be taken as a cue. However, spike in crude oil could help rebounds in oil and gas stocks.

Plan A : Consider buying only if market were to hold firm above 1733
Plan B : Cut below 1722
Plan C : Attempt selling if market rebounds but fails to break above 1745.5
Plan D : Cut above 1757


FCPO

After a few days of wild run, FCPO slowed down its pace and started to tighten the range. Market has no trend right now while consolidation takes place. Dalian and soybean oil are quite mixed while Ringgit marked at RM 3.57.

Plan A : Seller may sell if market could not break 2354. Target is 2334 and 2310. Place a stop.
Plan B : Intraday investor may range trade within 2324 to 2375.  
Plan C : Overnight buyer may hold on unless 2334 is breached. Target is 2393.
Plan D : Above 2380, do nothing.
Plan E : Below 2320, 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