15 October 2015

HSI Futures

U.S. stocks fell on Wednesday as Wal-Mart Stores Inc skidded after issuing a weak profit forecast and as JPMorgan Chase & Co slipped on disappointing results.

Hong Kong stocks fell on Wednesday, tracking global markets, as a two-week rebound that lifted the benchmark Hang Seng Index by 10 percent showed signs of sputtering out.

Plan A : Above 22600, do nothing
Plan B : Below 22410, do nothing
Plan C : Attempt buying if market stays firm above 22515
Plan D : Cut below 22410
Plan E : Consider selling if market fails to break above 22600 and triggers a sell
Plan F : Cut above 22700


FKLI

Market continued to remain firm before going into holiday last Tuesday. Market could be tricky today if market fails to break above 1717 anytime soon. Failure to break above 1717 would form a churning top for the market and could entice sellers to come into market. 

Plan A : Consider selling if market fails to hold above 1706
Plan B : Cut above 1715
Plan C : Attempt buying if market retrace but holds firm above 1698
Plan D : Cut below 1694


FCPO

FCPO rebounded vigorously on Tuesday after 4 consecutive days of market correction. Dalian and soybean oil are quite mixed this morning while Ringgit strengthening at RM4.10 against the greenback. Overview of the market is still a sell unless market start to form support above 2300. Therefore, subscriber stay tune for the update.

Plan A : Short-term seller or intraday investor may sell if market resist at 2335. Targets are 2294 and 2275.
Plan B : Intraday investor may buy if market could support above 2294. Target is 2368.
Plan C : Above 2370, do nothing.
Plan D : Below 2270, 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.