12 November 2014

HSI Futures

The Dow and S&P 500 eked out a fifth session of record closing highs on Tuesday, barely extending the market's recent rally in light volume as consumer discretionary shares gained.

Hong Kong shares finished up on Tuesday, outperforming mainland markets, as Hong Kong investors bought into Chinese banking shares connected with the upcoming launch of a cross-border stock investment scheme that will connect the two markets.

Plan A : Above 24087, do nothing
Plan B : Below 23696, do nothing
Plan C : Consider selling if market fails to break above 24007
Plan D : Cut above 24199
Plan E : Attempt buying if market stays firm above 23696 and triggers a buy
Plan F : Cut below 23696


FKLI

Market is expected to have a muted opening today amid strong lead from Wall Street. Trading range could be same as yesterday as market could consolidate before heading to the next destination. 

Holding short
Plan A : 1809-1839, do nothing
Plan B : Above 1839, cover position
Plan C : Below 1809, consider taking profits first
Plan D : Attempt intraday buy if market supports firmly above 1823
Plan E : Cut below 1815


FCPO

FCPO experienced some short covering during the eleventh hour and it eventually closed at 2265. Market is channeling some upside with Ringgit continue to stay weak at RM3.34 against USD. 

Plan A : Overnight buyer continue to hold on to position. Support is 2232. Target is 2294 and 2373.
Plan B : Intraday investor might sell if market open gap up near or overshot 2294. Target is 2250. Only apply to opening.
Plan C : Buyer could buy if market could retrace slightly and supported above 2243. Target is 2294 for intraday target. Only apply if market does not gap up during opening.
Plan D : Between 2270 to 2280, do nothing.
Plan E : Below 2240, 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