Thursday, January 26, 2017

27 January 2017

Happy Chinese New Year to all our readers!! May year of rooster brings you best of luck and most importantly, good health and abundance wealth!!! Huat ahhh!!!! 恭喜发财!!!



HSI Futures

The S&P 500 ended little changed on Thursday as investors paused following a two-day rally that pushed the Dow Jones Industrial Average above the 20,000 mark.

Hong Kong stocks rose for a fourth day in a row on Thursday, reaching their highest close in three months after the Dow Jones Industrial Average breached the 20,000-point level for the first time.

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Plan A : Above 23380, do nothing
Plan B : Below 23220, do nothing
Plan C : Attempt buying if market holds firm above 23280
Plan D : Cut below 23220
Plan E : Consider selling if market fails to breach above 23380
Plan F : Cut above 23450


FKLI

FKLI performed relatively well yesterday despite failing to breach above 1693.5 level. Market is expected to remain firm today with half day trading going into CNY holiday. Be prepared for a mini rally if market were to breach and stay strong above 1693.5. 

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Plan A : Holds long if market were to trade firmly above 1687
Plan B : Cut below 1684
Plan C : Consider selling if market surging fast but fails to breach above 1699
Plan D : Cut above 1703


FCPO

FCPO finally stumbled under pressure yesterday, closing at new day's low level. Market is expected to remain weak today as overnight bean continue going down south. Dalian market will be close starting for today in conjunction with CNY celebration. RM still hovering between the 4.42-4.43 level.

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Plan A : Attempt selling if market were to remain trading below 3097. Targets are 3077, 3057 and 3034.
Plan B : Consider buying if market opens low, supports and rebound from 3034. Targets are 3057,3077 and 3097
Plan C : Above 3097, do nothing
Plan D : Below 3057, do nothing



*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.   

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