7 August 2014

HSI Futures

Major U.S. stock indexes ended little changed on Wednesday, as tensions in Ukraine and Russia and a failed merger between Sprint and T-Mobile offset gains in consumer staples shares.

Hong Kong shares declined on Wednesday with investors taking profits on Chinese telecom firms and awaiting direction from major corporate earnings later this month. Bank of England and ECB rate decision will be due today. 

Holding long
Plan A : 24376-24736, do nothing
Plan B : Below 24376, cut
Plan C : Above 24736, consider taking profits first if it gaps up and retrace
Plan D : Consider turning sell if market fails to break above 24542 and triggers a sell
Plan E : Cut above 24736


FKLI

Market failed to hold firm yesterday despite attempt to regain footing the day before. Market could struggle to hold if it remains trading below 1871.5 today.

Plan A : Attempt selling around 1871.5 level if it fails to breach through
Plan B : Cut above 1874.5
Plan C : Consider intraday buy if market dive but holds above 1855
Plan D : Cut below 1853


FCPO

FCPO visited new low yesterday to 2239 and eventually closed at 2247. Soybean oil has been fluctuating up and down every consecutive days portraying a confused outlook. Market is still on its sideway commotion.

Plan A : Overnight buyer should have exited yesterday as support had breached. If you have not, please exit today.
Plan B : Intraday seller may sell at rebound, taking resistance at 2273. Target is looking at 2246.
Plan C : Fresh buyer could stay out.
Plan D : Above 2280, do nothing.
Plan E : Below 2230, 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