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