Thursday, July 6, 2017

7 July 2017

HSI Futures

U.S. stocks fell sharply on Thursday after a batch of disappointing labor market data clashed with the possibility of a more hawkish Federal Reserve, while rising tensions in the Korean peninsula provided additional pressure.

Hong Kong stocks followed most Asian markets lower, after minutes from the Federal Reserve's last meeting showed a lack of consensus on the pace of U.S. future interest rate increases.

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Plan A : Above 25523, do nothing
Plan B : Below 25340, do nothing
Plan C : Attempt selling if market trades below 25440
Plan D : Cut above 25523
Plan E : Consider buying if market opens gap down but rebounds from 25340
Plan F : Cut below 25340


FKLI

FKLI moved within a tight 5-points range yesterday before settling at 1769. Market is expected to open lower today after overnight Dow lost 155-points. Selling pressure could kick in today if FKLI remains trading below 1767.5 for whole of today.

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Plan A : Attempt selling if market stays trading below 1767.5
Plan B : Cut above 1771
Plan C : Consider buying if market dives but rebounds from 1758
Plan D : Cut below 1754


FCPO


FCPO not giving way for correction on Thursday and continue to extend its gain to high of 2563. The trading range for the day was generally slow and flat after the upside from the previous days. Dalian and soybean oil are mixed while Ringgit stays at RM4.29 against the greenback.

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Plan A : Buy only if market supported firm above 2562. Targets are 2582 and 2606.
Plan B : Sell if market failed to hold above 2551. Targets are 2533, 2519 and 2504.
Plan C : Above 2572, no fresh position.
Plan D : Below 2541, 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.

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