4 November 2015

HSI Futures

Big tech and energy sector gains drove U.S. stocks higher on Tuesday, as an index of 100 major Nasdaq companies finished at a record closing high.

Hong Kong shares finished higher on Tuesday, tracking gains in global markets after the benchmark for U.S. tech stocks hit its highest in 15 years. 

Holding sell
Plan A : 22252-22698, do nothing
Plan B : Above 22698, cut
Plan C : Below 22252, consider taking profits
Plan D : Attempt intraday buy if market holds firm above 22300 and triggers a buy
Plan E : Cut below 22300


FKLI

Market continued showing signs of bottoming with market holding above 1670 level for most of the time yesterday. Market stand a good chance of rebounding further after overnight Dow closed positive and also strengthening in RM versus greenback.

Plan A : Attempt buying if market stays firm above 1673
Plan B : Cut below 1667
Plan C : Consider selling if market surges but fails to break above 1686
Plan D : Cut above 1689


FCPO

FCPO continue to move down on Tuesday, however, the buying pressure pushed the price up again to almost day high settlement. Dalian and soybean oil are slightly down despite the gain from the overnight soybean oil. Ringgit looks positive today where it recovers to RM4.25 against the US Dollar.

Plan A : Overnight seller hold on to position. Resistance is looking at 2326. Targets are 2272, 2216, 2158 and 2134.
Plan B : Seller may sell if market could not breach 2310. Targets are 2272, 2260 and 2216.
Plan C : Buy if market retraced and supported above 2290. Targets are 2326 and 2342.
Plan D : Above 2340, do nothing.
Plan E : 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.