16 January 2014

HSI Futures

U.S. stocks rose on Wednesday, with the S&P 500 climbing to an all-time closing high after strong earnings from Bank of America and data signalled that the economy was improving.

Hong Kong shares rose on Wednesday as Chinese PC maket Lenovo Group surged to its highest close in nearly 14 years, extending strong gains after reports suggested it bucked a broader decline in PC shipment last quarter.

Plan A : Above 23048, do nothing
Plan B : Below 22748, do nothing
Plan C : Consider buying if market holds firmly above 22863
Plan D : Cut below 22805
Plan E : Consider selling only if market rebounds but fails to break above 23048
Plan F : Cut above 23048
Plan G : Take profit around 22863



FKLI

Foreign selling could be the culprit behind KLCI's selling yesterday. Blue chip counters were mostly lower throughout the day although last minute buying salvaged some losses.

Plan A : Attempt selling around 1829-1831 level
Plan B : Cut above 1837
Plan C : Buying can only be considered around the 1804 level if market dives and holds firmly above this level
Plan D : Cut below 1795



FCPO

Today is a new month for CPO contract, April month closed higher than March at 2537. Therefore, it is not surprised that market might gap up about ten points during opening.

Plan A : Above 2550, do nothing.
Plan B : Could buy around 2520's level to 2530, taking 2514 as support. Profit target for intraday are 2547 and 2577.
Plan C : If you have buying position overnight, you may wan to see if 2547 could be supported well. Resistance at 2577 and 2608.
Plan D : Avoid selling at this stage as market might rebound for correction.

 

*Disclaimer: This information is intended to assist professional investors. 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.