24 July 2015

HSI Futures

U.S. stocks fell for the third straight day on Thursday after disappointing corporate results and forecasts added to concerns about the U.S. profit outlook.

Hong Kong stocks, which have been moving mostly in tandem with their mainland peers, rose on Thursday, encouraged by a six-day winning streak in the Shanghai market. China's closely watched Markit PMI, handled by new sponsor Caixin will release its data at 9.45 am this morning. 

Plan A : Above 25426, do nothing
Plan B : Below 25210, do nothing
Plan C : Attempt selling if market breaks below 25320
Plan D : Cut above 25426
Plan E : Consider buying only if market holds stubbornly above 25210 and rebounds
Plan F : Cut below 25210


FKLI

Market showing signs of weakness despite holding above 1716 yesterday. Buyers will have to be cautious today if market stays below 1723 and fails to hold above 1716. Failure to close above 1716 might signal that market could turn down from here onwards. 

Plan A : Attempt selling if market breaks below 1716
Plan B : Cut above 1723
Plan C : Intraday buying to be considered only if market touch and rebounds from 1705.5
Plan D : Cut below 1701


FCPO

FCPO flattened yesterday and eventually ended with low volume. Dalian and overnight soybean oil are down slightly while Ringgit remains at RM3.81 against the greenback. Market opened slightly lower due to weak Dalian. 

Plan A : Overnight buyer exit if support at 2184 is breached. 
Plan B : Intraday investor may sell if market could rebound and resist at 2196. Target is 2173 and 2158.
Plan C : Buyer may stay out unless it forms a support level later on. Ask us how at futures.coin@gmail.com
Plan D : Above 2200, do nothing.
Plan E : Below 2180, 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.