21 August 2014

HSI Futures

U.S. stocks ended mostly higher on Wednesday, with the S&P 500 just missing a record close, after minutes from the Federal Reserve's July meeting gave investors reason to believe that the central bank is in no rush to raise interest rates.

Hong Kong Hang Seng Index edged up to a new six-year closing high on Wednesday, underpinned by strong global markets and upbeat corporate earnings. China's manufacturing PMI will be released at 9.45am with market anticipating an expansion of 51.5 for the month of August. 

Plan A : Above 25186, do nothing
Plan B : Below 24831, do nothing
Plan C : Consider intraday sell if market gaps up but fails to break above 25186
Plan D : Cut above 25273
Plan E : Attempt buying if market corrects and holds firm above 24831
Plan F : Cut below 24766


FKLI

Market surged in a day where another high volume achieved in the cash market but cautious mode kicked in after several speculative counters were seen facing heavy selling pressure in the afternoon. Buyers might want to be cautious in anticipation of broader sell down if the selling pressure affect blue chip counters as well. 

Holding a long
Plan A : 1864-1880, do nothing
Plan B : Below 1866, liquidate
Plan C : Above 1880, consider take profits
Plan D : Consider intraday sell if market fails to break above 1880 today
Plan E : Cut above 1884


FCPO

FCPO triggered another new low yesterday amid weak bean. Market could recover slightly for the opening but sustainability would be questioned. Market must at least hold firm above 2045 to have any chance of finding a bottom around this level.

Plan A : Attempt selling if market fails to break above 2072
Plan B : Cut above 2082
Plan C : Consider buying if market corrects but find a bottom and supported above 2045
Plan D : Cut below 2031



*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