22 May 2015

HSI Futures

The S&P 500 closed at a record high on Thursday after disappointing economic data bolstered expectations that an interest rate hike is likely to come only later in the year.

Hong Kong stocks dipped on Thursday, with the spot light thrown onto several Chinese firms whose shares went into free fall. Hong Kong and South Korea markets will be closed on coming Monday for the birthday of Buddha celebration. UK and United States too will be closed for Late May Bank Holiday and Memorial Day respectively.

Plan A : Above 27640, do nothing
Plan B : Below 27357, do nothing
Plan C : Consider selling if market trades consistently below 27515
Plan D : Cut above 27640
Plan E : Attempt buying if market holds above 27538
Plan F : Cut below 27455


FKLI

Market tumbled yesterday after 11 MP failed to excite investors. Various worries and concerns are spooking investors away from market. Sentiment could remain weak for the time being with every rebounds seem to be an opportunity to sell

Plan A : Attempt selling if market rebounds but fails to break above 1796
Plan B : Cut above 1801.5
Plan C : No buying to be attempted till market stabilizes


FCPO

FCPO rebounded from the low after flattening nearly for the whole morning session. Dalian and soybean oil are slightly up while Ringgit strengthen to RM 3.58 against the US Dollar. 

Plan A : Overnight seller hold on to position. Resistance is looking at 2182. Target is 2124, 2102 and 2076.
Plan B : Fresh seller may sell if market could rebound but resisted around 2158 and 2152. Target is 2124 and 2102.
Plan C : Buyer may stay out of market until market stabilizes. Stay tune at http://klse.i3investor.com/servlets/forum/901704783.jsp
Plan D : Above 2160, do nothing.
Plan E : Below 2130, 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.