9 July 2014

HSI Futures

U.S. stocks fell in a broad selloff on Tuesday, dropping for a second straight session and driving the Dow below 17,000 as investors turned cautious before the start of earnings season.

Hong Kong shares finished flat on Tuesday, as gains in utilities offset losses in Macau casino stocks on concerns that revenues would suffer as gamblers focused on the final week of the World Cup. Today's focus will be on China's CPI data and minutes release from FOMC meeting. Bank of England rate decision will be due tomorrow. 

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 defended above 1888 and settled at 1892 yesterday. Firm RM has been cushioning the fall but talks of rate hike spooked investors from taking heavy positions.

Plan A : Attempt long if market continues to hold firm above 1887.5
Plan B : Cut below 1885
Plan C : Consider intraday selling if market fails to break above 1897.5
Plan D : Cut above 1902


FCPO

FCPO continued with its downtrend attacking the low of 2383 after hitting the high of 2416 in the morning session. Market opened gap down in the morning as regional competitive substituents are trading down.

Plan A : Overnight seller hold on to position. Resistance is looking at 2409. Target projection at 2316.
Plan B : Intraday investor might want to try selling if 2397 is not broken. Target is 2362. Do not sell far from resistance.
Plan C : Buyer may stay out.
Plan D : Above 2400, do nothing.
Plan E : Below 2360, 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