7 January 2016

HSI Futures

U.S. stocks closed at their lowest level since early October on Wednesday, weighed down by fresh concerns over China and slower global growth and as energy shares tumbled with oil prices.

China's blue chip shares ended sharply higher on Wednesday after state media said a selling ban on major shareholders brought in to help arrest a market crash last summer would remain in place until the government publishes new rules on such disposals.

Plan A : Below 20715, do nothing
Plan B : Above 21053, do nothing
Plan C : Attempt selling if market rebounds but stays below 21006
Plan D : Cut above 21053
Plan E : Consider intraday long if market stays firm above 20715 and rebounds
Plan F : Cut below 20660


FKLI

Market look a little shaky despite managed to close above 1663 yesterday. With slump in overnight Dow, FKLI is expected to open lower today, possibly below 1660 level. 

Plan A : Attempt selling if market opens below 1663
Plan B : Cut above 1667
Plan C : No buying to be considered for the time being
Plan D : Support levels seen at 1653/1644/1637


FCPO

FCPO opened gap-down on Wednesday then it gained back the losses towards second session and it ended with slight upside. Dalian and soybean oil are down while Ringgit further weakened to RM4.42 against the greenback.

Plan A : Sell if market rebounded and resisted around 2434 or 2448. Targets are 2394 and 2376.
Plan B : Buy if market opened gap down beyond 2394. Only apply to opening. Targets are 2418 and 2434.
Plan C : Above 2450, no fresh position.
Plan D : Below 2390, 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.