6 January 2015

HSI Futures

The S&P 500 had its worst day in almost three months on Monday, with energy shares leading the decline as global economic concerns were compounded by swooning oil prices.

Hong Kong shares fell on Monday, in line with most regional markets, as some China-related shares shed gains rooted in a rally on mainland markets rallies and ended lower.

Plan A : Above 23896, do nothing
Plan B : Below 23558, do nothing
Plan C : Attempt selling if market fails to break above 23669
Plan D :Cut above 23896
Plan E : Consider intraday buy only if market holds firm above 23558 and rebounds
Plan F : Cut below 23413


FKLI

Market expected to open gap down today after a huge drop in overnight Dow. Weak Ringgit and lower oil price will further depress the market. 

Plan A : Wait for higher to sell, possibly above 1720 level
Plan B : Cut above 1736
Plan C : Consider intraday buy only if market managed to hold firm above 1701
Plan D : Cut below 1696


FCPO

FCPO was trading flat until the last minute drawback yesterday. Ringgit continue to weaken at RM 3.55 against the greenback limiting the downside of the market. Soybean oil is trading lower while Dalian is insignificant.

Plan A : Overnight buyer may hold on to position if support at 2254 held firm. Target is 2345.
Plan B : Intraday investor may buy if market support above 2254. Target is 2272 and 2296.
Plan C : Seller may sell if market rebounded and resisted at 2272. Target is 2239 and 2205.
Plan D : Above 2270, do nothing.
Plan E : Below 2250, 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