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