15 April 2014

HSI Futures

U.S. stocks closed higher on Monday as Citigroup's earnings and strong retail sales gave investors reasons to buy equities despite a resurgence of geopolitical uncertainties.

Hong Kong shares finished slightly higher on Monday in subdued trade, with a strong performance from blue chips including Hong Kong Exchanges and Clearing Ltd pulling up the index.

Holding a short
Plan A : 22691-23163, do nothing
Plan B : Above 23163, cut
Plan C : Below 22691, consider taking profit if it rebounds after a lower opening
Plan D : Consider turning long only if market corrects to near 22691, rebound and triggers a buy
Plan E : Cut below 22660


FKLI

FKLI stubbornly hold above 1851 throughout the day and only gave way towards the final hour of the market. Market might be turning a little cautious but all is not lost unless market fails to hold above 1843.5 in the next few days.

Plan A : Attempt selling if market rebounds but fails to break above 1854
Plan B : Cut above 1857
Plan C : Consider intraday buy if market shows resilience by holding firm above 1843.5
Plan D : Cut below 1841


FCPO

FCPO has a wild closing yesterday with sudden dip during the eleventh hour. This could be due to the intraday buyer making its exit which eventually exerted pressure towards the closing. However, so far market has seemed to form a support at the 2570 level and may ceiling at 2692.

Plan A : Overnight buyer may hold on to position. Support looking at 2570 and target looking at 2692 and 2744.
Plan B : Fresh buyer could take support at 2614 and target price looking at 2679 and 2692.
Plan C : Intraday seller may sell if resistance at 2692 not broken. Target is 2610.
Plan D : Above 2700, 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