23 February 2015

HSI Futures

The Dow and S&P 500 ended at record highs on Friday while the Nasdaq notched an eighth straight day of gains after Greek and euro zone finance ministers reached a deal to extend heavily indebted Greece's financial rescue by four months.

Hong Kong's main stock index rose for the fourth day in a row on Tuesday, taking cues from mainland shares, but volume was the lowest in nearly two months as many have left trading desks for the Lunar New Year. Wednesday was a no-event as half day trading deterred investors from participating. China and Taiwan markets still close for CNY holiday today.

Plan A : Above 24952, do nothing
Plan B : Below 24703, do nothing
Plan C : Attempt selling if market fails to break above 24892 and triggers a sell
Plan D : Cut above 24952
Plan E : Consider buying if market continue to hold firm above 24703
Plan F : Cut below 24592


FKLI

Market managed to close premium to cash market before going into the long CNY holiday last Wednesday. Market look set to open firmer today with regional markets performing well for the first trading day of goat year.

Plan A : Attempt long as long as market stays firm above 1807
Plan B : Cut below 1801.5
Plan C : Consider intraday sell if market fails to break above 1823.5
Plan D : Cut above 1830.5



FCPO

FCPO was still taking its breather without any major movement despite the fact that it had broken through the recent resistance. Dalian is closed today and soybean oil is slightly down while Ringgit stay weak at RM 3.63 against the greenback.

Plan A : Seller and intraday investor may sell if market could rebound and resist at 2312. Target is 2273 and 2231.
Plan B : Buyer may buy only if 2295 could be supported. Target is 2372 and 2395.
Plan C : Above 2320, do nothing.
Plan D : 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