18 March 2015

HSI Futures

The Dow and the S&P 500 fell on Tuesday as materials shares declined and nervousness increased ahead of a Federal Reserve statement, while the Nasdaq ended higher.

Hong Kong shares slipped on Tuesday, as lingering worries over anticipated monetary tightening in the United States offset bullish sentiment about China on mainland markets.

Plan A : Above 24043, do nothing
Plan B : Below 23757, do nothing
Plan C : Attempt selling if market fails to break above 23900
Plan D : Cut above 24043
Plan E : Consider buying if market holds firm above 23757 and triggers a buy
Plan F : Cut below 23757


FKLI

Market hold extremely well yesterday despite weak regional markets. Market will be crucial today as a convincing breakout either above 1787.5 or below 1775.5 would determine the market direction for the rest of the week at least.

Plan A : Consider buying if market were to hold firm above 1779
Plan B : Cut below 1775.5
Plan C : Attempt selling if market test but fails to break above 1787.5
Plan D : Cut above 1795


FCPO

FCPO plunged to low of 2138 yesterday after a rebound to 2210 yesterday. Market continue with its downtrend movement though Ringgit remains weak at RM 3.69 against the greenback. Dalian is down quite heavily reacting to the slump from the crude palm oil yesterday while soybean oil is up slightly.

Plan A : Overnight seller hold on to position. Resistance is looking at 2179. Target is 2101 and 2083.
Plan B : Intraday investor may sell if resistance at 2156 and 2169 is not breached. Target is 2118.
Plan C : Buyer stay out of market.
Plan D : Above 2170, do nothing.
Plan E  :Below 2140, 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