19 February 2014

HSI Futures

The S&P 500 and Nasdaq rose on Tuesday, following Wall Street's biggest weekly gain of the year, as merger activity increased confidence that there is value in the stock market even as the benchmark index nears a record high.

Hong Kong shares edged up to another three-week high on Tuesday, as a 3 percent rise for Bank of East Asia after the local lender reported robust 2013 net profit helped offset weakness for Chinese cyclicals.

Plan A : Above 22654, do nothing
Plan B : Below 22297, do nothing
Plan C : Consider selling if market fails to break above 22654 and triggers a sell
Plan D : Cut above 22654
Plan E : Consider buying only after market corrects and hold firm above 22297
Plan F : Cut below 22297


FKLI

FKLI managed to hold firm yesterday but it look likely to be challenged once again today. It will be important for the market to trade firmly above 1821 if it were to convince buyers to stay with them.

Plan A : Attempt selling around 1829-1832
Plan B : Cut above 1835
Plan C : Consider buying only if market corrects and hold firmly above 1821
Plan D : Cut below 1811


FCPO

Market went on a rally yesterday to a new high of 2717. In fact, we should expect a gap up in the morning during opening hour.

Plan A : Overnight buyer might want to consider to take profit around 2740's level. Long term seller may start to develop position if 2755 is not broken.
Plan B : Intraday seller may consider to sell around 2740's level, taking resistance to 2755. Profit target looking at 2707.
Plan C : Fresh buyer is not advisable to enter market.
Plan D : Above 2755, do nothing.
Plan E : Below 2700, 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