6 March 2014

HSI Futures

The S&P 500 finished almost flat on Wednesday, a day after closing at an all-time high, as investors shrugged off soft data on jobs and the services sector while keeping an eye on developments in Ukraine.

Hong Kong shares sank on Wednesday, led by cyclical counters, as China set a lower target for growth in fixed asset investment this year and a mainland listed company said it expects to default on bond payments.

Plan A : Above 22852, do nothing
Plan B : Below 22362, do nothing
Plan C : Consider selling if market opens gap up but fails to break above 22796
Plan D : Cut above 22852
Plan E : Consider buying if market stays firm above 22362 and triggers a buy
Plan F : Cut below 22294


FKLI

FKLI closed almost at day's low level but it is still firmly supported above 1829. Market is expected to stay firm today barring any negative surprises

Plan A : Attempt long between 1827-1830
Plan B : Cut below 1825
Plan C : Consider intraday selling only if market surge up but fails to break above 1847
Plan D : Cut above 1850


FCPO

Market went to high of 2868 and could not sustain. It eventually went back down to 2834 at closing. Market has went to its peak and may be due for correction. Therefore, be prepared.

Plan A : Overnight seller may try to hold on position. Resistance at 2845 and first profit target at 2752.
Plan B : Intraday investor could attempt sell at these resistances of 2868 and 2845. Profit target looking at 2788 and 2770.
Plan C : Long term buyer may want to stay out but intraday buyer could attempt buy if support at 2794 is supported. Place a stop in case of market overshot.
Plan D : Above 2870, do nothing.
Plan E : Below 2760, 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