11 May 2015

HSI Futures

U.S. stock indexes ended more than 1 percent higher on Friday after strong jobs data indicated U.S. economic growth was picking up momentum, but not enough to raise concerns about an earlier-than-expected interest-rate rise by the Federal Reserve.

China stocks rebounded on Friday, stemming a three-day sell-off that led a key share index to its worst weekly decline in nearly five years amid fears of regulatory crackdown on speculators. Hang Seng too, followed suit gaining more than 1 percent before going into the weekend. On Sunday, the People's Bank of China (PBOC) announced a cut in its benchmark lending rate and one-year deposit rates by 25 basis points, effective on May 11. This will likely to see a boost in Asian markets today. 

Plan A : Above 27766, do nothing
Plan B : Below 27329, do nothing
Plan C : Consider selling if market fails to break above 27766 and triggers a sell
Plan D : Cut above 27766
Plan E : Attempt buying if market holds firm above 27502
Plan F : Cut below 27329


FKLI

Market somewhat found a temporary supports above 1800 level for now. A firmer regional markets might give the much needed boost for FKLI to regain its footing after last week's scare. A strong close above 1813 would be crucial for buyers to reinstall their confidence. 

Plan A : Attempt buying if market stays firm above 1805.5
Plan B : Cut below 1800
Plan C : Consider intraday sell if market rebounds but fails to break above 1818
Plan D : Cut above 1823


FCPO

FCPO consolidated last Friday with minimum volatility. Dalian and overnight soybean oil are trading positively while Ringgit is at RM 3.60 against the US Dollar. Market may open gap-up today thus investor may wait to see if market could stay above 2200 and only sell if market exhausted. If this does not happen, do not sell. 

Plan A : Fresh seller and intraday investor may wait and see if market could resist around 2204. Target is 2171 and 2162. Stay tune at http://klse.i3investor.com/servlets/forum/901704783.jsp for plan update.
Plan B : Buyer may stay out today.
Plan C : Above 2210, do nothing.
Plan D : Below 2160, 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.