4 November 2014

HSI Futures

The S&P 500 and the Dow closed with slight losses on Monday after briefly touching intraday records, but strength in semiconductors boosted the Nasdaq.

Hong Kong shares finished lower on Monday as investors took profits following solid gains last week. Market was meeting resistance as the HSI neared its 50-day moving average of around 23,982. Adding to bearish sentiment were factory and service sector surveys which suggested China's economy lost further momentum heading into the fourth quarter as a property slowdown intensified and export demand softened.

Plan A : Above 24098, do nothing
Plan B : Below 23818, do nothing
Plan C : Consider intraday selling if market fails to break above 24098 and retrace
Plan D : Cut above 24230
Plan E : Attempt buying if market holds firm above 23818 and triggers a buy again
Plan F : Cut below 23752


FKLI

Market slipped 3 points to close at 1855 yesterday after failing to break above 1865.5. Weak RM will likely put a temporary pause to market surge. Buyers might want to consider taking profits on its recent strong gains.

Plan A : Attempt selling if market fails to hold above 1852.5
Plan B : Cut above 1858
Plan C : Consider buying only if market corrects and holds firm above 1840.5
Plan D : Cut below 1839


FCPO

FCPO touched an intraday high of 2345 amid last minute short covering before settling at 2336. Market could have hit a temporary peak for now after surging all the way from recent low of 2104. There will be a good chance of profit taking selling today as long as market stays below 2340 level.

Plan A : Attempt selling between 2330-2336
Plan B : Cut above 2350
Plan C : Consider buying if market were to retrace but holds firmly above 2295
Plan D : Cut below 2283



*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