10 March 2015

HSI Futures

U.S. stocks bounced back on Monday, helped by merger and acquisitions activity, while Apple shares ended slightly higher following the long-anticipated roll out of its watch.

Hong Kong shares finished mixed on Monday after the Chinese securities regulator said that banks may be able to enter the brokerage business. Attention will focus on China's inflation data due to release at 9.30 this morning.

Holding long
Plan A : 23884-24288, do nothing
Plan B : Below 23884, cut
Plan C : Above 24288, consider taking profits if market couldn't hold firm
Plan D : Consider intraday sell if market fails to break above 24192 and retrace
Plan E : Cut above 24288


FKLI

Market recovered from its an intraday low of 1771.5 before settling at 1784 yesterday. Although market managed to recover, sentiment was well beaten down. Any rebound should be seen as an opportunity to sell.

Holding short
Plan A : 1766-1794.5, do nothing
Plan B : Below 1766, consider taking profits temporary if market rebounds 
Plan C : Intraday buy can be considered if market test 1777 once again and rebound
Plan D : Cut below 1766


FCPO

FCPO plunged to low of 2253 yesterday after touching the high at 2312. Dalian and soybean oil are slightly down while Ringgit getting weaker against the U.S Dollar at RM 3.69. 

Plan A : Overnight seller hold on to position. Resistance is looking at 2302. Target is 2205 and 2189.
Plan B : Seller may sell if market could rebound and resisted at 2282. Target is 2231.   
Plan C : Buyer may stay out.
Plan D : Above 2280, do nothing.
Plan E : Below 2260, 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