18 January 2016

HSI Futures

Wall Street bled on Friday, with the S&P 500 sinking to its lowest since October 2014 as oil prices sank below $30 per barrel and fears grew about economic trouble in China.

Hong Kong's benchmark stock index closed at its lowest level in nearly 3-1/2 years on Friday, pounded by tumbling mainland stocks and a drop of the Hong Kong dollar against the U.S. dollar.

Plan A : Above 19655, do nothing
Plan B : Below 19288, do nothing
Plan C : Attempt selling if market stays below 19579
Plan D : Cut above 19655
Plan E : Consider intraday long if market holds above 19450 and rebounds
Plan F : Cut below 19288


FKLI

Panic selling can be expected for this morning's opening. Market look likely to open lower with support level at 1608 being challenged. Failure to hold above 1608 would see market heading towards 1595 level next.

Plan A : Wait for rebound to sell, possibly around 1628 level.
Plan B : Cut above 1635
Plan C : No buying to be attempted for the time being
Plan D : Next support seen at 1595


FCPO

FCPO was choppy last Friday with no room for an upside progression. Dalian and soybean oil are mixed this morning while Ringgit vs U.S. Dollar continue to hover around RM4.41 to RM 4.37 over the past one week. Today is the switch month for FCPO, therefore investor might want to take note. Planning will be based on April month.

Plan A : Sell if market gap up above 2470 during opening. Targets are 2456, 2445 and 2440.
Plan B : Buyer may stay out today. 
Plan C : Below 2450, no fresh position.
Plan D : Above 2470, no fresh position despite morning opening.

  *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.