13 February 2014

HSI Futures

The S&P 500 closed flat on Wednesday, with a four-day rally in the index just barely coming to an end after Procter & Gamble cut its outlook, though some positive earnings limited the decline and eased concerns that valuations had become stretched.

Hong Kong shares closed at their highest in nearly three weeks on Wednesday, thanks to strength in the Chinese property sector and robust trade data that soothed worries about growth in the world's second-largest economy.

Holding a long
Plan A : 22012-22471, do nothing
Plan B : Above 22471, consider taking profits first
Plan C : Reinstate when it gets closer to the support line
Plan D : Below 22012, liquidate position
Plan E : Consider selling only if market fails to breach above 22471 and retrace 80-points from the top
Plan F : Take a 80-points risk


FKLI

FKLI was seen holding well throughout yesterday's trading. Market could face slight profit taking activities today but will be supported overall as investors turning more positive after recent steady run up.

Plan A : Long between 1818-1820
Plan B : Cut below 1813
Plan C : Consider taking profit around 1835
Plan D : Intraday sell can only be attempted if market test but fails to breach above 1835
Plan E : Cut above 1837


FCPO

Market seems supported at 2592 yesterday and it might continue to rally today. Therefore, buyer remain seated.

Plan A : Overnight buyer hold on to position unless support 2592 is tested
Plan B : Seller may want to give way today and only sell at extreme ends ie 2700
Plan C : Intraday investor could attempt buying if market could find its footing at 2609. Profit targets are at 2669 and 2689.
Plan D : Above 2670, do nothing
Plan E : Below 2580, 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