20 July 2015

HSI Futures

A major rally in Google pushed the Nasdaq to a second straight record high on Friday while weak energy stocks weighed on the Dow and S&P 500.

Hong Kong blue chip stocks rose on Friday as investors cautiously watched a surge in volatile China share indexes, ending the week in positive territory after four straight weeks of decline. Japan markets are closed for Ocean Day celebration today. 

Plan A : Above 25566, do nothing
Plan B : Below 25022, do nothing
Plan C : Consider selling if market fails to break above 25485
Plan D : Cut above 25566
Plan E : Attempt buying if market corrects but holds firm above 25360
Plan F : Cut below 25250


FKLI

Market remained firm last Thursday before going into long Hari Raya holiday. Market look likely to stay resilient for now with immediate support seen at 1722 while resistance stood at 1735.

Plan A : Eager sellers can consider taking an intraday short if market fails to break above 1735
Plan B : Cut above 1740
Plan C : Attempt long if market stays firm above 1722
Plan D : Cut below 1716



FCPO

FCPO pulled back to 2199 last Thursday at the closing bell while investor were off for festive holiday. Dalian and soybean oil are slightly down; Ringgit anchored at RM 3.80 against the greenback.

Plan A : Overnight seller hold on to position. Resistance is 2201. Target is 2077.
Plan B : Intraday investor and fresh seller may sell if market resisted at 2179. Target is 2150 and 2132.
Plan C : Buyer may stay out of market.
Plan D : Above 2200, do nothing.
Plan E : Below 2170, 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.