10 February 2015

HSI Futures

U.S. stocks fell on Monday as investors worried about Greek debt negotiations and disappointing Chinese economic data on top of uncertainty about U.S. interest rates.

Hong Kong shares fell on Monday, dragged down by banking and property stocks on concerns over China's economy after it reported worse-than-expected January trade data. Focus will turn to China's CPI data due today, which likely to see a five-year low figure. 

Holding short
Plan A : 24303-24643, do nothing
Plan B : Above 24643, cover short
Plan C : Below 24303, consider taking profits if market rebounds after a lower opening
Plan D : Consider turning buy only if market holds firmly above 24433 and triggers a buy
Plan E : Cut below 24433


FKLI

Lackluster performance was seen yesterday in anticipation of Anwar's verdict today. Worries were visibly seen especially a discount of 15-points against cash market was seen at one point. Failure to hold above 1793.5 today might spell a new trend down. 

Plan A : Attempt selling if market fails to hold above 1799 
Plan B : Cut above 1806
Plan C : Consider buying only if market holds stubbornly above 1793.5 and rebounds
Plan D : Cut below 1788


FCPO

FCPO pull-backed to low of 2307 yesterday and eventually closed at 2317. Market is experiencing correction after the rocket rally for the past few days. Dalian and soybean oil are slightly up and Ringgit remains at RM 3.56. 

Plan A : Overnight buyer may hold on to position if support at 2298 is supported. Target is 2395.
Plan B : Buyer may buy if market could support above 2298. Target is 2323 and 2332.
Plan C : Seller may sell if market could rebound near 2332 but resisted around this level. Target is 2273 and 2231.
Plan D : Above 2340, do nothing.
Plan E : Below 2290, 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