21 March 2014

HSI Futures

U.S. stocks rose on Thursday, after a batch of economic data pointed to an improving economy and investors reassessed Fed Chair Janet Yellen's comments that had fuelled speculation of an earlier-than-expected rate hike by the central bank.

On Thursday, Hong Kong-listed stocks were hurt by the signal overnight from the U.S. Federal Reserve that it was ready to raise interest rates sooner than expected. Japan market on the other hand will be close for trading today in conjunction with Vernal Equinox Day Holiday.

Holding a long
Plan A : 21069-21612, do nothing
Plan B : Below 21069, cut
Plan C : Above 21612, consider taking profits first
Plan D : Consider turning sell if market once again fails to break above 21612
Plan E : Cut below 21786


FKLI

FKLI recovered from an intraday low of 1806 before settling unchanged for the day at 1815.5. Market could potential surge further today after overnight Dow gained 108-points.

Plan A : Take a long between 1812-1816
Plan B : Cut below 1810
Plan C : Consider intraday selling if market surge but fails to break above 1834
Plan D : Cut above 1837


FCPO

Market closed the gap yesterday at 2735 and continue to wind up to 2780 the highest. Overnight soybean oil was down yesterday and that might affect the opening of the crude palm oil. Ringgit is also weaken against US dollar today  at 3.31. Therefore, buyer could have taken the advantage this round. 

Plan A : Overnight buyer might hold on to position taking support at 2748 and profit target at 2822.
Plan B : Intraday trader might want to join the ride to buy around 2750's. Support at 2748 and profit target looking at 2791 and 2822.
Plan C : Seller might want to stay out at this stage.
Plan D : Above 2830, do nothing.
Plan E : Below 2740, 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 with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment