5 February 2015

HSI Futures

The S&P 500 and Nasdaq ended lower on Wednesday, snapping a two-day rally as energy shares slid with oil prices and as investors' anxiety about the euro zone returned in the closing minutes of trading.

Hong Kong shares rose in line with most Asian markets, lifted by a rebound in the oil price and encouraging developments in Greece. However, European Central Bank (ECB) expressed pessimism about Greece's bailout program late yesterday while Chinese equities are likely to be in the spotlight today after the People's Bank of China reduced reserve requirements for banks by 50 basis points for the first time in two years on Wednesday.

Plan A : Above 25029, do nothing
Plan B : Below 24552, do nothing
Plan C : Consider intraday selling if market fails to break above 25029 and retrace
Plan D : Cut above 25245
Plan E : Attempt buying if market holds firm above 24645
Plan F : Cut below 24552


FKLI

Market was seen holding well above 1798 yesterday despite failing to break above 1823 earlier of the day. Market is expected to range between 1798-1823 for the rest of the week, pending any surprises.

Plan A : Attempt buying if market were to hold firm above 1798
Plan B : Cut below 1792
Plan C : Consider selling if market fails to break above 1817
Plan D : Cut above 1823


FCPO

FCPO had V-shape movement yesterday with day high closing at 2200. Dalian and soybean oil are slightly up while Ringgit at RM 3.58. 

Plan A : Intraday investor may sell if market could not break 2216. Target is 2142.
Plan B : Buyer may wait for market to consolidate first. Stay out today.
Plan C : Above 2210, do nothing.
Plan D : Below 2180, 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