10 February 2014

HSI Futures

U.S. stocks jumped on Friday, giving the S&P 500 its first weekly gain in four as the impact of a weak reading on the labour market was dulled by harsh weather conditions and traders focused on expectations of further economic strength.

The tepid Hong Kong market had its best day in a month on Friday, led by financial and energy plays as investors covered short positions in some counters hit hard in a recent sell off.

Holding a long
Plan A : 21409-21878, do nothing
Plan B : Above 21878, consider taking profits first
Plan C : Below 21409, cut
Plan D : Consider turning sell if market attempt to breach 21667 but fails
Plan E : Cut above 21667


FKLI

FKLI continued its recovery with firm footing last Friday. Market is expected to hold firm once again today after Friday's Dow gained 165-points

Plan A : Long around 1806-1807 level
Plan B : Cut below 1800
Plan C : Consider taking profit around 1822
Plan D : Selling can only be considered if market fails to breach above 1822
Plan E : Cut above 1825


FCPO

Crude palm oil has gradually moving upwards for the past two days. If market could stay firm above 2560, it stands a chance to move higher with the condition of penetrating 2604. Overall trend depicts an uptrend formation awaiting for confirmation. However, do not discount for market consolidation.

Plan A : Overnight buyer may want to exit position if resistance at 2604 could not break. However, if it breaks, investor may expect 2637 and 2692.
Plan B : Investor could sell if 2604 could not penetrate through. Market might go for another round of consolidation. Place a stop to avoid price overshooting the resistance.
Plan C : Fresh buyer could make your entrance at 2570's level provided 2560 is supported.
Plan D : Above 2620, do nothing.
Plan E : Below 2540, do nothing.



*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 wi.th its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment