26 March 2015

HSI Futures

U.S. stocks dropped on Wednesday as a slump in technology and biotechs sent the Nasdaq to its biggest decline in nearly a year while the S&P 500 fell through key support levels.

Hong Kong shares ended mixed on Wednesday, with real estate shares rebounding but shares of most major Chinese companies falling in line with losses in mainland markets.

Plan A : Above 24714, do nothing
Plan B : Below 24340, do nothing
Plan C : Consider selling if market fails to break above 24637 and triggers a sell signal
Plan D : Cut above 24637
Plan E : Attempt buying if market holds firm above 24507
Plan F : Cut below 24445


FKLI

Market consolidated after touching an intraday high of 1830 in the morning yesterday. Market could open lower today after the sharp selloff on overnight Wall Street. Profit taking selling could kick in today after recent gains but market should stay firm as long as it trades above 1803.

Plan A : Consider selling if market opens and stay trading below 1817.5
Plan B : Cut above 1822
Plan C : Attempt buying if market retrace but stays firm above 1809
Plan D : Cut below 1803


FCPO

FCPO narrowed down its day range yesterday after falling from 2208 two days ago. Market attempted to rebound but the effort remain unsustainable. Dalian and soybean oil are quite insignificant this morning while Ringgit remains at RM 3.68 against the greenback. 

Plan A : Intraday investor or buyer may buy if market could stabilize above 2145. Target is 2166 and 2176. Place a stop.   
Plan B : Intraday investor or seller may sell if market could not breach 2176. Target is 2145 and 2104. Place a stop.
Plan C : Above 2170, do nothing.
Plan D : Below 2140, do nothing.
    
*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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.