26 November 2015

HSI Futures

The major U.S. indexes were virtually unchanged at the close of a quiet trading day on Wednesday with gains in healthcare and consumer stocks after data showed U.S. modest economic growth. Trading volume was low as many market participants were away in the last session before the U.S. Thanksgiving holiday. Markets will be closed Thursday and most of Friday afternoon.

Hong Kong shares ended lower on Wednesday, tracking regional markets on heightened geopolitical tensions after Turkey downed a Russian fighter jet, but firmer Chinese stocks lent support.

Plan A : Above 22663, do nothing
Plan B : Below 22375, do nothing
Plan C : Attempt buying if market holds firm above 22530
Plan D : Cut below 22450
Plan E : Consider intraday selling if market surges but fails to break above 22663
Plan F : Cut above 22723


FKLI

Market proven to be strong and firm with market holding resilient throughout before surging and closed at near day's high level yesterday. Market stand a good chance of rallying above 1700-level anytime soon amid stronger Ringgit. Pending any negative surprises, it can be said that the worst is over and market is poised to rally from here onward.

Holding long:
Plan A : 1678-1705, do nothing
Plan B : Below 1678, liquidate
Plan C : Consider taking profits above 1705 if it couldn't stand firm after a higher opening
Plan D : Eager sellers may consider selling if market retrace after failing to break above 1699.5
Plan E : Cut above 1705


FCPO

After a lengthy consolidation since mid of the month, FCPO finally showed some sign of breakthrough, however, this is yet to be confirmed. Dalian and overnight soybean oil have significant upside while Ringgit stays at RM4.21 against the greenback.

Plan A : Overnight seller exit today. Resistances are at 2322 and 2342. Targets are 2301 and 2280. 
Plan B : Buy if market support above 2280 or 2301. Targets are 2342 and 2355.
Plan C : Sell if market resist at 2342. Targets are 2322 and 2301. Only apply to morning's opening.
Plan D : Above 2340, no fresh position.
Plan E : Below 2280, no fresh position.   


*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.