1 Aug 2014

HSI Futures

The U.S. S&P 500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected.

Hong Kong shares posted their best monthly performance since 2012 on Thursday, though gains for the day were capped by weakness in a few Chinese heavyweight companies.China PMI data will be released this morning while US unemployment data will be released tonight

Plan A : Above 24816, do nothing
Plan B : Below 24542, do nothing
Plan C : Consider selling if market fails to break above 24816 and triggers sell below 24736
Plan D : Cut above 24816
Plan E : Consider buying if market corrects to 24542 and rebounds triggering a buy
Plan F : Cut below 24542


FKLI

Market was visibly weak yesterday amid weaker Ringgit. Any rebound would be weak after overnight Dow lost 317-points in its worst daily drop since April

Plan A : Attempt selling around 1871.5 level
Plan B : Cut above 1874
Plan C : Consider intraday buy if market holds above 1855 and rebounds
Plan D : Cut below 1852


FCPO

FCPO continue to consolidate within the weekly range of 2246 to 2289. Market is still on a selling signal, however, it has formed a double bottom at 2246 level. This has yet to be confirmed if market could continue to trade above this level. Ringgit is weaken since yesterday and this might be a good hint for buyer.

Plan A : Seller stay out of market.
Plan B : Buyer may try to buy if market could support above 2254. Target is 2320. Hold overnight if market could close above 2275.
Plan C : Above 2290, do nothing.
Plan D : Below 2240, 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

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31 July 2014

HSI Futures

The S&P 500 and Nasdaq ended higher on Wednesday after the Federal Reserve gave a rosier assessment of the U.S. economy while reaffirming that it is in no hurry to raise interest rates. Earlier Wednesday, government data showed gross domestic product grew at a 4 percent annualized rate in the second quarter, above the 3 percent rate that had been expected and a sharp reversal from the weather-impacted first quarter, when the economy contracted a revised 2.1 percent.

Hong Kong's benchmark index climbed to fresh 3-1/2-year highs on Wednesday, with major property developers leading the rise as investors bet on a solid performance for first-half earnings. Focus will turn into China's PMI data due to release tomorrow  morning with anticipated reading of 51.9.

Plan A : Above 25186, do nothing
Plan B : Below 24736, do nothing
Plan C : Consider selling if market fails to break above 25186 and triggers a sell
Plan D : Cut above 25186
Plan E : Attempt buying if market stays firm above 24736
Plan F : Cut below 24567


FKLI

Market hold firm and did a final hour surge before closing at near day's high level. Sentiment improved since early of this week when all regional market surge on various reasons. Buyers appetites could return especially if market could hold firm above 1877

Plan A : Attempt buying if market holds firm above 1881.5
Plan B : Cut below 1877
Plan C : Consider intraday sell if market fails to break above 1891.5
Plan D : Cut above 1894


FCPO

FCPO continue with its side-way movement and buyer just need to wait for the signal to come. However, today might not be the day.

Plan A : Buyer may stay out today.
Plan B : Fresh seller not recommended to trade.
Plan C : Above 2300, do nothing.
Plan D : Below 2250, 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

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30 July 2014

HSI Futures

U.S. stocks fell on Tuesday, dropping in a broad selloff as a weak outlook from courier company UPS weighed on sentiment and pressured transportation stocks.

Hong Kong's benchmark index ended at its highest in more than 3-1/2 years on Tuesday, as gains accelerated in the afternoon with property developers strong ahead of interim earnings. A strings of economic data will be in focus today with Germany's CPI, US' GDP and US Federal Reserve's rate decision all due today. 

Plan A : Above 24736, do nothing
Plan B : Below 24402, do nothing
Plan C : Attempt selling if market fails to break above 24736
Plan D : Cut above 24736
Plan E : Consider buying after market corrects and stays firm above 24402
Plan F : Cut below 24357


FKLI

Market will resume trading today after a long Hari Raya break. Market could play catch up today after regional market surged during Malaysia's off day. 

Plan A : Attempt buying between 1873-1874
Plan B : Cut below 1871
Plan C : Consider selling only if market fails to break above 1881.5
Plan D : Cut above 1888


FCPO

FCPO consolidated last week with range tipping at high of 2294 and low of 2262. Market is not stable as yet but buyer could be more alert if market consolidated and formed a support.

Plan A : Fresh seller should stay out of market.
Plan B : Fresh buyer may stay out today and wait for market to consolidate. Buy only if market could support above 2264.
Plan C : Above 2300, do nothing.
Plan D : Below 2240, 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

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25 July 2014

HSI Futures

U.S. stocks finished a quiet session mostly flat on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high.

Hong Kong shares rose on Thursday, thanks to the strength of mainland stocks as investors plowed into blue chips, cheered by the progress of a trading plan that will soon make it much easier for foreigners to buy Shanghai stocks. China markets have been rising since mainland media reported on Monday that a Hong Kong and Shanghai cross-border trading programme was expected to launch in October.

Plan A : Above 24151, do nothing
Plan B : Below 23945, do nothing
Plan C : Consider selling if market gaps up but fails to break above 24151
Plan D : Cut above 24151
Plan E : Attempt buying after market corrected and holds firm above 23945 before triggering a buy again
Plan F : Cut below 23790


FKLI

Market stood firm and surged to close at day's high level yesterday. Market will have to stay firm above 1871.5 today in order to have a better chance of surviving from a downtrend coming back from long Hari Raya holiday next week.

Plan A : Attempt buying around 1872-1874
Plan B : Cut below 1871.5
Plan C : Consider selling if market fails to break above 1881.5
Plan D : Cut above 1883


FCPO

FCPO gap-up slightly during opening hour yesterday and retrace back to the low of 2261 which later ceiling at 2285. 

Plan A : Fresh seller stay out of market.
Plan B : Buyer may try some buying with support 2255. Profit target is 2321. Investor may hold on overnight if market could close above 2300. Near term target is 2379.
Plan C : Above 2330, do nothing.
Plan D : Below 2250, 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

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24 July 2014

HSI Futures

U.S. stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on Apple's bullish results, though Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market's gains in check.

An index of major China companies listed in Hong Kong on Wednesday surged to its highest close this year, as investors piled into financial and energy stocks seen as undervalued. China's manufacturing PMI will be due to be released today at 9.45am with UK's GDP data follows tomorrow. 

Plan A : Above 24151, do nothing
Plan B : Below 23790, do nothing
Plan C : Consider selling if market gaps up but fails to break above 24151
Plan D : Cut above 24151
Plan E : Attempt buying after market corrected and holds firm above 23790 before triggering a buy again
Plan F : Cut below 23790


FKLI

Market struggled to hold firm despite a strengthened RM. Rebound could be weak ahead of the long Raya holiday. Investors might prefer to stay out and reassess the situation after the long break

Plan A : Attempt selling if market fails to break above 1871.5
Plan B : Cut above 1876
Plan C : Consider buying only if there's a sudden plunge and market holds above 1855
Plan D : Cut below 1848


FCPO

FCPO resume with its down trend and visited to the low of 2247. Strengthening of ringgit limits the upside of the market and buyer got to be patient to wait for the opportunity to come. Regional competitive substituents are showing some signal of slight recovery, therefore, causing the opening price to gap up. 

Plan A : Overnight seller should have exited yesterday as the last support at 2264 is breached. 
Plan B : Fresh seller may stay out today.
Plan C : Buyer may wait for signal to come. Market needs to be supported above 2255 for a buy. Hold overnight if market stay above 2280. React only when market consolidated for a while. Place a stop.
Plan D : Above 2290, do nothing.
Plan E : Below 2230, 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

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23 July 2014

HSI Futures

U.S. stocks rose on Tuesday as some positive earnings and economic data pointed to a market that still had room to rise despite the S&P 500 hitting an intraday record.

Hong Kong's benchmark index jumped to its highest in nearly 7-1/2 months on Tuesday, helped by stronger Chinese markets on the mainland and recent fund inflows which pushed up the territory's blue-chip stocks. Focus remained on tomorrow's China PMI data due at 9.45am. 

Plan A : Above 23790, do nothing

Plan B : Below 23566, do nothing

Plan C : Attempt buying if market holds firm above 23566 after some minor correction

Plan D : Cut below 23497

Plan E : Consider selling if market fails to break above 23790

Plan F : Cut above 23848

FKLI

Market attempted recovery with its closing right at 1871. Market must at least holds firm above 1871 to have any chance of surviving from another sell down. 

Plan A : Attempt selling if market fails to break above 1881.5

Plan B : Cut above 1884

Plan C : Consider buying if market stays firm above 1871

Plan D : Cut below 1866

FCPO

FCPO was running flat in the first session and it eventually pulled down to 2272 towards the last one hour of trading. Market is still on its down channel formation and it seemed not ready for an uptrend as yet. Therefore, buyer may need to wait for chance again.

Plan A : Overnight buyer may have exited as 2288 is breached yesterday. However, if you have not, support is 2264. Target is looking at 2354. If market still close below 2300, buyer may exit the market today.
Plan B : Seller is not recommended to trade as prices are low.
Plan C : Fresh buyer may stay out 'till next signal.
Plan D : Above 2310, do nothing.
Plan E : Below 2260, 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

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22 July 2014

HSI Futures

U.S. stocks slipped on Monday as investors remained cautious about instability in Ukraine and Gaza, though the three major indexes ended well off their lows, a sign that some appetite for riskier assets remained.

Hong Kong shares sagged on Monday, though the Macau gambling sector regained momentum following losses last week stemming from a corruption probe and disappointing earnings. Focus of the week would be on China's manufacturing PMI due to released this coming Thursday.

Holding a sell
Plan A : 23201-23566, do nothing
Plan B : Above 23566, cut
Plan C : Below 23201, consider take profits if it gaps down and rebounds
Plan D : Consider turning buy if market holds above 23201 firmly and triggers a buy
Plan E : Cut below 23201


FKLI

Market continued to head south yesterday as it failed to hold above 1871. Rebounds could be weak as sentiment got beaten down.

Plan A : Attempt selling if market fails to break above 1871
Plan B : Cut above 1874
Plan C : Consider intraday buy if market holds above 1855 and rebounds
Plan D : Cut below 1855


FCPO

FCPO consolidated within 16 points yesterday signalling a major trend or gap may be inevitable. With the regional competitive substituents trading at lower prices, market is likely to gap down in the morning during opening. Overall trend is still on a downside but investor is not recommended to sell as prices are not at its bargain.

Plan A : Overnight buyer may take 2264 and 2288 as support and profit target is looking at 2318 and 2391.
Plan B : Seller may stay out.
Plan C : Fresh buyer may buy if support at 2288 is still intact. Target profit is 2318 for intraday. Advisable to hold long term if market could close above 2300.
Plan D : Above 2320, do nothing.
Plan E : Below 2280, 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

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21 July 2014

HSI Futures

U.S. stocks rose on Friday, rebounding a day after the S&P 500 suffered its worst slide since April 10, with the three major indexes closing higher for the week. U.S. is due to release its CPI data tomorrow. 

Hong Kong shares ended lower on Friday, tracking losses in global markets after the downing of a Malaysian Airlines plane over Ukraine sent investors scurrying into defensive assets.

Holding a sell
Plan A : 23201-23639, do nothing
Plan B : Above 23639, cut
Plan C : Below 23201, consider taking profits if market rebounds after a lower opening
Plan D : Consider turning buy if market holds above 23201 and triggers a buy again
Plan E : Cut below 23201


FKLI

Market was beaten down last Friday with market closing at 1873. Although it could rebounds today, people might be taking this chance to do selling instead. Beware of being too bullish at this stage as it could only be a technical rebound before continue trending down south.

Plan A : Attempt selling if market rebounds but fails to break above 1881.5
Plan B : Cut above 1888
Plan C : Consider buying if market stubbornly holds above 1871
Plan D : Cut below 1868


FCPO

FCPO was running on consolidation last Friday and though the overlook has seemed stabilized, investor might want to look and see before reacting. Regional is trading slightly down and opening might be lower for FCPO.

Plan A : Fresh seller might want to stay out at this point as market might be too low to sell.
Plan B : Buyer may consider to buy if market could support above 2289. Profit target is looking at 2318 for intraday investor and 2391 as near term target.
Plan C : Above 2330, do nothing.
Plan D : Below 2280, 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

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18 July 2014

HSI Futures

U.S. stocks sank on Thursday, with the S&P 500 posting its biggest one-day percentage drop since April 10 on news that a Malaysian Airlines passenger jet crashed near the Ukraine-Russia border.

Hong Kong's benchmark index ended flat on Thursday, dampened by a weak Macau gaming sector and a retreat by Internet giant Tencent.

Holding a short
Plan A : 23201-23639, do nothing
Plan B : Above 23639, cut
Plan C : Below 23201, consider taking profits if market rebounds after a lower opening
Plan D : Consider turning buy if market holds firm above 23201 and triggers a buy
Plan E : Cut below 23201


FKLI

Market look set for a down day today, be prepared to see more selling pressure once support at 1878.5 is breached. 

Plan A : Attempt selling around 1881.5
Plan B : Cut above 1888
Plan C : Consider buying only if market test and holds above 1855
Plan D : Cut below 1847


FCPO

FCPO not sustainable at high of 2320 and it began to tumble down with closing price at 2293. Market may continue its down channel, however, investor should be cautious as prices may be too low for seller. Advisable not to hold any position at this moment unless your overnight selling price is at 2350 level onwards.

Plan A : Fresh seller may stay out today.
Plan B : Long term buyer may wait for market to form a support. No trade today.
Plan C : Intraday trader could trade within consolidation in the event of market gap down only during opening. Recommend to buy if 2264 is supported. Place a stop. Do not buy far from the support.
Plan D : Above 2300, do nothing.
Plan E : Below 2250, 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

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17 July 2014

HSI Futures

U.S. stocks rose on Wednesday, with the Dow Jones industrial average closing at a record high, boosted by the latest merger news and some strong corporate earnings.

Hong Kong's benchmark index rose for a third day on Wednesday, while the index of Chinese companies listed in the city edged down as insurers under performed. On the economic front, all eyes will be on Euro-zone CPI data tonight.

Plan A : Above 23639, do nothing
Plan B : Below 23432, do nothing
Plan C : Consider selling if market gaps up but fails to break above 23639
Plan D : Cut above 23758
Plan E : Attempt buying if market stubbornly holds above 23432
Plan F : Cut below 23305


FKLI

Market continued its range bound trading and it's expected to remain the same today.

Plan A : Attempt selling if market surges but fails to break above 1893
Plan B : Cut above 1897.5
Plan C : Consider buying if market holds above 1887.5
Plan D : Cut below 1882


FCPO

Market still struggling to find a bottom as it broke another new low of 2288 before settling at 2307 yesterday. Buyers are expected to continue suffer till market really triggers a buy signal which does not seems to happen so soon. Another range bound trading look to be on the card today, pending any surprises.

Plan A : Consider buying if market holds firm above 2302
Plan B : Cut below 2285
Plan C : Attempt selling if market rebounds but fails to break above 2342
Plan D : Cut above 2360
Plan E : Below 2302, do nothing
Plan F : Above 2342, 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

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16 July 2014

HSI Futures

U.S. stocks pulled back on Tuesday after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about "substantially stretched valuations" in some sectors.

Hong Kong shares firmed on Tuesday, with China Mobile being the top boost on the Hang Seng for the second day after a deal with two other telecom firms to share infrastructure. Attention will all turn to China's GDP due to release around 10am today. Euro zone CPI data will be released tomorrow instead. 

Plan A : Above 23524, do nothing
Plan B : Below 23305, do nothing
Plan C : Consider selling if market gaps up but fails to break above 23524
Plan D : Cut above 23639
Plan E : Attempt buying if market corrects but holds firm above 23305 and rebounds
Plan F : Cut below 23305


FKLI

Market closed at day's high level of 1889 before we went into holiday. Although it is good that market managed to hold firm above 1887.5, consolidation can be expected especially with listless trading in other regional markets today. 

Plan A : Attempt buying if market holds firm above 1887.5
Plan B : Cut below 1882
Plan C : Consider selling if market fails to break above 1893
Plan D : Cut above 1897.5


FCPO

FCPO descended to the low of 2292 on Monday with 2331 as the highest rebound after opening. Regional signal is quite mixed. Today is the first day of the switch month and investor should expect some slight gap during opening. Planning will be based on October month.

Plan A : Overnight seller may have exited as profit target has achieved. If you don't, please exit today.
Plan B : Fresh seller not recommended to trade.
Plan C : Intraday buyer may try to buy if market could support above 2292. Profit target is at 2321 and 2345.
Plan D : Above 2320, do nothing.
Plan E : Below 2260, 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

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14 July 2014

HSI Futures

U.S. stocks managed to score modest gains on Friday, but the S&P 500 posted its biggest weekly drop since April as investors showed only mild enthusiasm after getting their first glimpses of earnings.

Hong Kong's benchmark index finished flat on Friday and had its biggest weekly losses in two months, weighed down by underperforming banks and property counters. Main focus on this week will be on China's GDP data due to release coming Wednesday. GDP is expected to be improved from 1.4% to 1.8% quarter to quarter. 

Plan A : Above 23305, do nothing
Plan B : Below 23098, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 23305
Plan D : Cut above 23433
Plan E : Consider buying if market supported well above 23098 and rebounds above 23201
Plan F : Cut below 23098


FKLI

Market was visibly weak before going into weekend last Friday. Failure to close above 1887.5 might have prompt many buyers to liquidate their position. Next crucial supports would be seen at 1881 and 1878.5

Plan A : Attempt selling if market rebounds but fails to break above 1893
Plan B : Cut above 1897.5
Plan C : Consider buying if market manage to hold firm above 1881 and rebounds
Plan D : Cut below 1878.5


FCPO

After the gap up spree on Thursday, market corrected itself and closed the gap with recent low of 2346. Regional competitive substituents are trading down today and it is not surprised to see a gap down in the morning. Today will be the last trading day for the active month as tomorrow is a public holiday.

Plan A : Overnight seller hold on to position. Resistance is looking at 2471. Profit target is 2316.
Plan B : Fresh seller may sell if market could rebound to 2361 and could not break this level. Profit target is 2316. If market open gap down, seller should stay out.
Plan C : Intraday buyer may try some buying if market gap down around 2310 and supported at 2292. Place a stop. Profit target is looking at 2346.
Plan D : Above 2360, do nothing.
Plan E : Below 2300, 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

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11 July 2014

HSI Futures

U.S. stocks dropped on Thursday as concerns about the financial health of Portugal's top listed bank gave investors a reason to cash in recent gains. With the Dow and the S&P 500 near record highs, the slide in Europe triggered by financial shares quickly translated into broad selling on Wall Street. The S&P 500 briefly lost 1 percent earlier, a daily drop the benchmark has not seen since April 10.

Hong Kong shares ended slightly higher on Thursday after the Federal Reserve indicated it was in no rush to end quantitative easing and begin raising U.S. interest rates, although gains were trimmed after Chinese export data came in weaker than expected.

Plan A : Above 23305, do nothing
Plan B : Below 23098, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 23305
Plan D : Cut above 23433
Plan E : Consider buying if market supported well above 23098 and rebounds above 23201
Plan F : Cut below 23098


FKLI

In a measure to curb rising household debt, Bank Negara raised benchmark overnight policy rate (OPR)  by 25 basis point to 3.25%. This come in line with economists' expectations and hence there should be no surprise to the market today. 

Plan A : Attempt selling between 1893-1897.5
Plan B : Cut above 1902
Plan C : Consider buying if market stays firm above 1887.5 and rebounds
Plan D : Cut below 1882



FCPO

FCPO gap-up yesterday during second session resulted from the bullish statistic data that suggested the stockpile was down 10%. This recorded the lowest stock count within a year.
Market was trading at day low at the first session closing and the scenario was turned around. 

Plan A : Overnight seller should have exited yesterday as resistance at 2381 is broken. If you have not, place a stop at 2397. If market still close around 2380 level, please exit today.
Plan B : Buyer may attempt buying if market corrected itself and support at 2349 is not breached.
Plan C : Fresh seller may stay out today unless market open around 2390 level and 2397 is not breached.
Plan D : Above 2400, do nothing.
Plan E : Below 2340, 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

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10 July 2014

HSI Futures

U.S. stocks finished higher on Wednesday, rebounding from a sharp two-day selloff, after minutes from the last Federal Reserve meeting showed policymakers have started to detail how the central bank will end its easy monetary policy. The Fed indicated it will end its bond purchases in October and appeared near agreement on a plan to manage interest rates in the future, according to the minutes.

Hong Kong shares have worst day in 2 1/2 weeks, Tencent sinks. Some of the world's biggest stock investors are shifting their China bets to mainland companies from Hong Kong after the city's shares climbed to the most expensive level in 12 years. On economic front, focus will be on Bank of England rate decision due later today. 

Plan A : Above 23305, do nothing
Plan B : Below 23098, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 23305
Plan D : Cut above 23433
Plan E : Consider buying if market supported well above 23098 and rebounds above 23201
Plan F : Cut below 23098


FKLI

Market recovered from early slump and closed almost at day's high level. With news of rate hike looming, market will at least have to stay firm above 1887.5 to assure investors that there won't be any major sell down for the remainder of the week

Plan A : Attempt buying if market stays firm above 1887.5
Plan B : Cut below 1882
Plan C : Consider selling if market once again fails to break above 1897.5
Plan D : Cut above 1902


FCPO

FCPO resume with the down channel pattern. Though market recorded lower low yesterday, it only consolidate within 20 points. Therefore, investor could expect a slow descent.

Plan A : Overnight seller hold on to position, taking resistance at 2381. Profit target is looking at 2316.
Plan B : Fresh seller may sell if resistance at 2374 is not breached. Profit projection is at 2345. Do not chase selling at this point. Sell near resistance level.
Plan C : Buyer may stay out.
Plan D : Above 2390, do nothing.
Plan E : Below 2340, 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

Read More