14 February 2014

HSI Futures

U.S. stocks closed higher on Thursday, with the Nasdaq rising for a sixth straight day, as investors looked past disappointing data on consumer spending, chalking the weakness up to weather instead of weaker fundamentals.

Hong Kong shares slipped from three-week highs on Thursday, with changes in index components driving major price moves while investors took some profits after robust gains in the past week.

Holding a short
Plan A : 21856-22297, do nothing
Plan B : Below 21856, consider taking profits first
Plan C : Above 22297, cut
Plan D : Consider turning buy only if market stays firm above 22028 and triggers a buy
Plan E : Cut below 22012


FKLI

FKLI closed at almost day's low level yesterday after failing to stay firm above 1820. Support however, still stood firm at 1800 level. Expect some recovery today but at the same time be cautious if market fails to hold above 1800

Plan A : Take a long around 1805-1810.
Plan B : Cut below 1800
Plan C : Consider selling only if market fails to break above 1817
Plan D : Cut above 1822


FCPO

Market has been supported quite well yesterday at 2637 and do not be surprised to see 2700 today. Anyway, buyer is not advisable to hold on to position overnight as market is moving on its extreme end.

Plan A : Overnight buyer might want to consider to take profit if 2692 or 2700 comes today.
Plan B : Seller may want to standby today to sell around 2700. Place a stop of 15 to 20 points from your selling price.
Plan C : Intraday investor could try some buy at 2640's to 2650 if market does not move too far during opening. Immediate resistance is looking at 2669 and 2692. Do not hold this position overnight.
Plan D : Above 2669, do nothing.
Plan E : Below 2530, 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