16 April 2014

HSI Futures

U.S. stocks ended a volatile session higher on Tuesday, lifted by gains in such blue-chip names as Coca-Cola and Johnson & Johnson, though persistent weakness in momentum names limited the Nasdaq's advance.

Chinese shares listed in Hong Kong suffered their biggest daily drop in 10 weeks, hit by profit-taking in auto makers and sharp declines in banks following weak Chinese money supply data.

Holding a short
Plan A: 22367-22852, do nothing
Plan B : Below 22367, temporary take profit
Plan C : Reinstate selling when it gets closer to the resistant line
Plan D : Above 22852, buy back if it stays firm
Plan E : Consider turning buy only after it finishes one round of correction, possibly near 22207
Plan F : Cut below 22151 


FKLI

FKLI decoupled from regional market's slump and closed positive yesterday. Market looked resilient despite not able to rally further. Sellers shouldn't be too bearish as long as market stays above 1843.5

Plan A : Attempt selling if market surge but fails to break above 1860
Plan B : Cut above 1864
Plan C : Consider buying if market dips but stays firm above 1843.5
Plan D : Cut below 1841


FCPO
FCPO formed a decent uptrend yesterday and eventually closed at 2663. Today is a switch month and reminder to long term buyer to continue to buy into July month. Below planning will be based on July month.

Plan A : Overnight buyer may stay put, taking support at 2610. Target is 2744.
Plan B : Fresh buyer may buy if 2638 supported. Target at 2692.
Plan C : Seller may give way today.
Plan D : Above 2700, do nothing.
Plan E : Below 2610, 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