29 July 2015

HSI Futures

U.S. stocks ended sharply higher on Tuesday, breaking a five-day losing streak as attention shifted from trouble in Chinese equities to U.S. corporate earnings and to speculation the first Federal Reserve interest rate hike may not come until December.

Hong Kong blue chip stocks rose on Tuesday, bucking falls for mainland shares, on hopes for a stabilizing China market as Beijing hinted at further monetary easing.

Plan A : Above 24767, do nothing
Plan B : Below 24166, do nothing
Plan C : Attempt selling if market stays below 24509
Plan D : Cut above 24685
Plan E : Consider intraday buy if market touch and rebounds from 24166 once again
Plan F : Cut below 24166


FKLI

Market plunged in the afternoon session after changes in Malaysian cabinet and also change of Deputy Prime Minister. Market could rebound a little today, taking cue from other regional markets but recovery could be capped with political instability happening in Malaysia.

Plan A : Attempt selling if market rebounds but fails to break above 1703
Plan B : Cut above 1708
Plan C : Intraday buying to be considered only if market dives and rebounds from 1682.5
Plan D : Cut below 1677


FCPO

FCPO regained its losses during the second session in tandem with the soybean oil. Dalian and overnight soybean oil are at positive outlook while Ringgit stay put at RM3.81. Market is heading down South in overview, however, it could be some hiccup in the morning with the positive regional market.

Plan A : Overnight seller hold on to position. Resistance is looking at 2151. Target is 2070 and 2064.
Plan B : Intraday investor and fresh seller may sell if market could not breach 2151. Intraday target are 2123 and 2115. Hold overnight if market could close below 2130.
Plan C : Buyer may stay out of market.
Plan D : Above 2150, 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.