18 July 2014

HSI Futures

U.S. stocks sank on Thursday, with the S&P 500 posting its biggest one-day percentage drop since April 10 on news that a Malaysian Airlines passenger jet crashed near the Ukraine-Russia border.

Hong Kong's benchmark index ended flat on Thursday, dampened by a weak Macau gaming sector and a retreat by Internet giant Tencent.

Holding a short
Plan A : 23201-23639, do nothing
Plan B : Above 23639, cut
Plan C : Below 23201, consider taking profits if market rebounds after a lower opening
Plan D : Consider turning buy if market holds firm above 23201 and triggers a buy
Plan E : Cut below 23201


FKLI

Market look set for a down day today, be prepared to see more selling pressure once support at 1878.5 is breached. 

Plan A : Attempt selling around 1881.5
Plan B : Cut above 1888
Plan C : Consider buying only if market test and holds above 1855
Plan D : Cut below 1847


FCPO

FCPO not sustainable at high of 2320 and it began to tumble down with closing price at 2293. Market may continue its down channel, however, investor should be cautious as prices may be too low for seller. Advisable not to hold any position at this moment unless your overnight selling price is at 2350 level onwards.

Plan A : Fresh seller may stay out today.
Plan B : Long term buyer may wait for market to form a support. No trade today.
Plan C : Intraday trader could trade within consolidation in the event of market gap down only during opening. Recommend to buy if 2264 is supported. Place a stop. Do not buy far from the support.
Plan D : Above 2300, do nothing.
Plan E : Below 2250, 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