20 July 2016

HSI Futures

The S&P 500 pulled back from record highs on Tuesday, while the Dow industrials edged up for an eighth straight day of gains, as investors digested mixed earnings reports amid lowered expectations for global economic growth.


Hong Kong shares fell on Tuesday as investors took profits following sharp gains over the past two weeks.

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Plan A : Above 21771, do nothing
Plan B : Below 21554, do nothing
Plan C : Attempt selling if market stays below 21700
Plan D : Cut above 21771
Plan E : Consider buying if market gap down but supported and rebound from 21554
Plan F : Cut below 21554


FKLI

FKLI hovers around the 1670 level after failing to break above its previous day highest point of 1675.5. Market is expected to consolidate for now with some slight downward bias as Ringgit weakens to 4.00 against USD. Eager sellers can consider selling if FKLI stays below 1671 today.

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Plan A : Attempt selling if market stays below 1671
Plan B : Cut above 1675.5
Plan C : Consider buying if market retrace but holds firm above 1663
Plan D : Cut below 1659


FCPO

FCPO leaped towards the final hour regaining the losses made in the earlier session. Dalian and overnight soybean oil lying at negative region while Ringgit stays weak at RM4.02 against the greenback.

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Plan A : Buy if market opened low and supported above 2282. Targets are 2310 and 2331.
Plan B : Sell if market opened almost unchanged and resisted around 2310. Targets are 2282 and 2275. Only applies to morning opening hour.
Plan C : Above 2310, no fresh position.
Plan D : Below 2282, 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.