12 April 2016

HSI Futures

Wall Street closed slightly lower on Monday, with gains in materials and banks countered by declines in consumer staples shares, as investors girded for the start of an earnings season expected to be gloomy.

Hong Kong stocks edged up on Monday, aided by a bullish mainland market after China's March inflation came in lower than forecast and fanned optimism Beijing will keep monetary policy loose.

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Plan A : Above 20613, do nothing
Plan B : Below 20296, do nothing
Plan C : Attempt buying if market holds firm above 20506
Plan D : Cut below 20400
Plan E : Consider intraday selling if market gap up but fails to breach above 20613
Plan F : Cut above 20613


FKLI

Market were caught in a consolidation range once again after rebounding from morning low and surged high towards closing. Sellers were being caught once again although there seems to be a break down in the morning. FKLI look likely to open firmer to little change as it is still unsure which direction it is heading to next.

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Plan A : Attempt buying if market holds firm above 1707.5
Plan B : Cut below 1702.5
Plan C : Consider selling if market surges but fails to break above 1720.5
Plan D : Cut above 1726


FCPO

FCPO rebounded to highest 2699 on Monday and retraced back to 2660's for the close. Market literally resume with the selling trend yesterday. Dalian and soybean oil are slightly weak while Ringgit remain strong vs U.S. Dollar at RM3.88.

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Plan A : Buy if market opened lower and supported above 2655. Targets are 2682, 2699 and 2709.
Plan B : Sell if market rebounded and resisted around 2699. Targets are 2684, 2677 and 2669. 
Plan C : Above 2699, no fresh position.
Plan D : Below 2655, 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.