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