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