Wednesday, January 1, 2014

2 January 2014

HSI Futures

U.S. stocks closed out their best year in more than 15 on Tuesday, with major indexes advancing throughout 2013 on the back of the Federal Reserve's massive stimulus and expectations for accelerating growth going forward.

Hong Kong shares ended the year higher during Tuesday's half-day session, with some "window dressing" buying from fund managers to improve the appearance of portfolios ahead of the year-end.

Plan A : Above 23427, do nothing
Plan B : Below 23204, do nothing
Plan C : Consider buying if market holds firm above 23204 and trigger a buy once again
Plan D : Cut below 23243
Plan E : Consider selling if market fails to breach above 23427 and trigger a sell
Plan F : Cut above 23345

FKLI

January month FKLI contract were pressured down towards the closing minutes on the last trading day of 2013. Market is seen to be firm despite some minor profit taking activities last Tuesday. 

Plan A : Above 1883, do nothing
Plan B : Below 1862, do nothing
Plan C : Consider buying if market test 1862 and rebound
Plan D : Cut below 1857
Plan E : Consider selling if market fails to breach above 1883
Plan F : Cut above 1883

FCPO

March month FCPO contract has a smooth ride up after the gap down in the morning on last Tuesday. Market seems to be firm by triggering the buying signal at 2640 and confirming its up-trend by breaking the previous tip at 2653. 

Plan A : Above 2670, do nothing.
Plan B : Below 2610, do nothing.
Plan C : Consider buying if the market stay supported at 2645 to 2650. Place a stop below 2630. Profit target looking at 2689 for short term player. Long term player could hold on to position.
Plan D : Consider to sell if market does not support at 2630. Place a stop above 2650. Profit target looking at 2607 for short term player. 
Plan E : Range between 2630 to 2689, intraday player might looking at buy or sell taking both figures as support and resistance.



*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.

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