14 April 2014

HSI Futures

U.S. stocks slid in a volatile session on Friday, with the Nasdaq closing below the 4,000 mark for the first time since early February. Selling accelerated late in the afternoon, with the biotech and other momentum stocks again leading the Nasdaq sharply lower. JP Morgan's disappointing earnings also gave investors a reason to sell some bank stocks.

Hong Kong shares finished down 0.8 percent on Friday, with a sell-off in dual-listed shares dragging down Chinese shares listed in the territory. The slump in H-shares came after investors dumped dual- listed China shares that had been trading at a premium to their mainland counterparts following an announcement on Thursday that mainland and Hong Kong investors would soon be able to invest in each other's markets.

Plan A : Above 23321, do nothing
Plan B : Below 22691, do nothing
Plan C : Attempt selling if it breaks below 22932
Plan D : Cut above 23127
Plan E : Wait for correction before considering buying. Buy only if market supported well above 22691 and triggers a buy
Plan F : Cut below 22660


FKLI

FKLI traded lower last Friday after failing to hold above 1851. Market started to show signs of weakness after holding firm for the past three weeks. 

Plan A : Attempt selling between 1848-1851
Plan B : Cut above 1854
Plan C : Consider temporary buying only if market holds firm above 1837
Plan D : Cut below 1834


FCPO

FCPO starts to stabilize forming a platform at 2570 level. Though overnight soybean oil is down 40 cents, do not be surprised if market open unchanged. Market might consolidate if 2621 does not break. 

Plan A : Overnight buyer could hold on to position. Support at 2570. Target at 2686 and 2744.
Plan B : Intraday investor could try some buying, taking support at 2599. Target 2621 and 2679.
Plan C : Seller might want to give way today.
Plan D : Above 2690, do nothing.
Plan E : Below 2570, 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