12 February 2015

HSI Futures

U.S. stock futures rose late on Wednesday after Europe agreed on a way forward with Greece on debt negotiations that had been holding back U.S. investors worried about European stability.

Hong Kong shares finished lower on Wednesday, weighed down by banking stocks as investors worried about the health of China's economy.

Plan A : Above 24513, do nothing
Plan B : Below 24251, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 24433
Plan D : Cut above 24513
Plan E : Consider buying if market supports above 24251 and triggers a buy
Plan F : Cut below 24251


FKLI

Market tumbled in the afternoon session yesterday, triggering selling along the way. Market sentiment could be dampened a little as investors turning wary ahead of long Chinese New Year holiday next week. Any rebound could present opportunity to sell with Ringgit showing signs of weakness too.

Plan A : Attempt selling if market rebounds but fails to break above 1795.5
Plan B : Cut above 1802
Plan C : Consider intraday buy only if market test and rebounds from 1771
Plan D : Cut below 1764


FCPO
FCPO was quite flat in the morning and it eventually lost its ground during the second session yesterday. Dalian and soybean oil are trading slightly lower whereas Ringgit is at RM 3.61 against the greenback.

Plan A : Overnight seller hold on to position. Resistance is looking at 2292. Target is 2231.
Plan B : Intraday investor may sell if market could rebound and resisted around 2292. Target is 2272 and 2242.
Plan C : Buyer may need to wait. Stay out today.
Plan D : Above 2300, 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