11 February 2015

HSI Futures

U.S. stocks rose on Tuesday on hopes that Greek debt negotiations could result in a deal that stabilizes Europe, while Apple helped lift the S&P 500 and Nasdaq as it became the first U.S. company worth more than $700 billion.

Hong Kong shares erased earlier losses and ended flat on Tuesday, as rebounding mainland stocks eased worries stemming from overnight weakness in global equity markets. Japan markets are shut today for National Founding Day celebration.

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 24303 and triggers a buy
Plan E : Cut below 24303


FKLI

Market continued to hold firm despite earlier worries on Anwar's verdict. Market is expected to stay resilient as long as it stays trading above 1800.

Plan A : Attempt buying as long as market stays above 1800
Plan B : Cut below 1795
Plan C : Consider selling only if market surges and fails to break above 1818
Plan D : Cut above 1823



FCPO

FCPO continue with market correction after the rally and recorded a low of 2294. Dalian is slightly up whereas soybean oil was down 0.59 cents. Therefore, market might open lower today. Ringgit is weaker today at RM 3.58 against the greenback.

Plan A : Overnight buyer exited market as support was breached yesterday. If you have not, please exit today.
Plan B : Seller may sell if market could rebound and resisted at 2310. Target is 2273 and 2231.
Plan C : Buyer may stay out today.   
Plan D : Above 2310, do nothing.
Plan E : Below 2270, 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