23 October 2015

HSI Futures

The S&P 500 closed at its highest in two months on Thursday as stronger-than-expected earnings from several top companies, including McDonald's, relieved investors' concerns about the profit outlook.

Hong Kong stocks, which resumed trading on Thursday after a public holiday, ended the session lower, taking cues from a weak New York market and uninspired by a rebound in mainland markets.

Holding long
Plan A : 22810-23200, do nothing
Plan B : Cut below 22810
Plan C : Consider taking profits if market breach but fails to hold firm above 23200
Plan D : Consider intraday selling if market test 23200 and retrace
Plan E : Cut above 23240


FKLI

Market triggered a sell signal yesterday afternoon, luring many sellers into market ahead of today's Budget Day announcement. However, a strong 320-points gain from overnight Dow is expected to catch many people by surprise and a gap up in the market is to be expected. Sellers will be left with no choice but to liquidate their position if market were to breach and holds firm above 1716 today.

Plan A : Attempt buying if market surge and holds firm above 1716
Plan B : Cut below 1706
Plan C : Selling to be considered if market surges but fails to break above 1730
Plan D : Cut above 1738


FCPO
FCPO consolidated yesterday with minimal trading range and strong selling pressure at 2370's to 2380's level. Dalian and soybean oil are showing weakness while RM is strengthening within RM4.19 to RM4.24. This might be a good sign for seller.

Plan A : Overnight seller hold on to position. Resistance is looking at 2352. Targets are looking at 2301,2272 and 2158.  
Plan B : Intraday investor may sell if market could rebound and resist at 2346. Targets are 2329, 2301 and 2272.
Plan C : Buyer may stay out.
Plan D : Above 2350, do nothing.
Plan E : Below 2300, 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.