8 July 2014

HSI Futures

U.S. stocks dipped on Monday, retreating from last week's record levels as investors hesitated to make big bets before the start of earnings season.

Hong Kong shares finished flat on Monday, as strength in the property sector was undercut by losses for Macau casino stocks that recently rallied. China CPI data and U.S. FOMC meeting minutes release due tomorrow will be focus for the next two trading days. 

Holding a long
Plan A : 23384-23758, do nothing
Plan B : Below 23384, cut
Plan C : Above 23758, consider taking profits first if it retrace after a higher opening
Plan D : Consider turning sell only if market fails to break above 23671 and triggers a sell again
Plan E : Cut above 23758


FKLI

Market once again rebounded after touching an intraday low of 1888. Market might have found its footing above this level for now despite unstable regional markets. 

Plan A : Attempt long between 1888-1890
Plan B : Cut below 1885
Plan C : Consider intraday long if market fails to break above 1897.5
Plan D : Cut above 1902


FCPO

FCPO was moving on side-way almost for the whole day despite last minute price push-up to the high of 2424. Overall trend is still on a down channel, however, will not discount market to consolidate at this moment before continuing its trend. Therefore, seller be cautious not to sell far from resistance level.

Plan A : Overnight seller may hold on to position, taking resistance at 2439. Profit target is looking at 2316.
Plan B : Intraday investor may sell if resistance at 2427 is not broken. Profit target is 2397.
Plan C : Buyer may stay out today.
Plan D : Above 2440, do nothing.
Plan E : Below 2390, 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