20 January 2016

HSI Futures

Wall Street ended flat on Tuesday as falling oil prices led to more carnage in energy stocks and an "in line" economic report showed slower growth in China.

Hong Kong's Hang Seng index posted its biggest one-day gain in more than two months on Tuesday, aided by a sharp rebound in mainland stocks. In China, the central bank said late on Tuesday that it would inject more than 600 billion yuan to help ease a liquidity squeeze expected before the Lunar New Year holiday in early February.

Plan A : Above 19716, do nothing
Plan B : Below 19429, do nothing
Plan C : Attempt buying if market corrects and hold firm above 19517
Plan D : Cut below 19429
Plan E : Consider intraday sell if market gaps up but fails to break above 19716
Plan F : Cut above 19750 



FKLI

Market made a spectacular rebound yesterday, touching an intraday high of 1633 before settling at 1627.5. Market is expected to open slightly lower today after a listless trading in overnight Dow. However, successful close above 1621 for FKLI today will still be alright for the bargain hunters.

Plan A : Attempt buying if market retrace and hold firm above 1617
Plan B : Cut below 1613
Plan C : Consider selling if market surges but fails to break above 1637
Plan D : Cut above 1640


FCPO

FCPO refused to drop on Tuesday then it slowly supported its way up back to the top towards the close. Dalian and soybean are slightly down while Ringgit vs U.S. Dollar stays around RM4.37. 

Plan A : Sell if market resisted around 2483. Targets are 2446 and 2461.
Plan B : Buy if market retraced and supported above 2461. Targets are 2483, 2495 and 2506.
Plan C : Above 2483, no fresh position.
Plan D : Below 2461, 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.