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