22 July 2014

HSI Futures

U.S. stocks slipped on Monday as investors remained cautious about instability in Ukraine and Gaza, though the three major indexes ended well off their lows, a sign that some appetite for riskier assets remained.

Hong Kong shares sagged on Monday, though the Macau gambling sector regained momentum following losses last week stemming from a corruption probe and disappointing earnings. Focus of the week would be on China's manufacturing PMI due to released this coming Thursday.

Holding a sell
Plan A : 23201-23566, do nothing
Plan B : Above 23566, cut
Plan C : Below 23201, consider take profits if it gaps down and rebounds
Plan D : Consider turning buy if market holds above 23201 firmly and triggers a buy
Plan E : Cut below 23201


FKLI

Market continued to head south yesterday as it failed to hold above 1871. Rebounds could be weak as sentiment got beaten down.

Plan A : Attempt selling if market fails to break above 1871
Plan B : Cut above 1874
Plan C : Consider intraday buy if market holds above 1855 and rebounds
Plan D : Cut below 1855


FCPO

FCPO consolidated within 16 points yesterday signalling a major trend or gap may be inevitable. With the regional competitive substituents trading at lower prices, market is likely to gap down in the morning during opening. Overall trend is still on a downside but investor is not recommended to sell as prices are not at its bargain.

Plan A : Overnight buyer may take 2264 and 2288 as support and profit target is looking at 2318 and 2391.
Plan B : Seller may stay out.
Plan C : Fresh buyer may buy if support at 2288 is still intact. Target profit is 2318 for intraday. Advisable to hold long term if market could close above 2300.
Plan D : Above 2320, do nothing.
Plan E : Below 2280, 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