5 February 2014

HSI Futures

U.S. stocks rebounded on Tuesday, buoyed by encouraging earnings, as the market attempted to steady in the wake of its largest sell off in months a day earlier.

Hong Kong shares suffered their biggest daily tumble in nearly 1-1/2 years in strong volumes, with Chinese growth-sensitive sectors sliding as investors returned on Tuesday from the Lunar New Year holiday, catching up with losses elsewhere.

Markets undergoing some kind of global sell off and any recovery should be seen as short-lived unless there's any major good news

Plan A : Above 21667, do nothing
Plan B : Below 21340, do nothing
Plan C : Consider selling only if market rebounds but fails to breach above 21802
Plan D : Cut above 21828
Plan E : Wait till market stabilised before thinking about buying. Refrain from buying unless market test 21076 and rebounds strongly from there
Plan F : Cut below 21076


FKLI

FKLI was dragged into selling pressure too despite attempts to rebound before the long CNY holiday. Market might stage some technical rebound today but gains could be limited with sellers are in waiting

Plan A : Sell around 1776-1779
Plan B : Cut above 1783
Plan C : Buying can only be considered if market flushed down to 1747 and holds firm
Plan D : Cut below 1745
Plan E : Take profits intraday for buying. Do not hold buying overnight



FCPO

Market could not sustain at its buy signal and continue to move down after tipping at 2567. Crude palm oil prices is suspected to move on a downtrend channel if 2519 breaks.  

Plan A : Overnight seller may want to hold on to your position if market does not rebound to 2539
Plan B : Fresh seller may take 2542 as resistance, taking 10 to 15 points risk, you could attempt selling around 2530's. Potential looking at 2482.
Plan C : Buyer may want to avoid trading unless 2519 is supported. Advisable to exit market if market could not be supported as market is breaking its consolidation.
Plan D : Below 2510, do nothing.
Plan E : Above 2560, 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