5 November 2014

HSI Futures

The S&P 500 and Nasdaq ended lower on Tuesday as another big drop in oil prices dragged down energy shares and Priceline's earnings forecast disappointed.

Hong Kong shares ended mixed in a volatile session on Tuesday, with Chinese listings in the territory gaining on optimism over planned reforms of state-owned enterprises (SOEs). Investors were focusing attention on undervalued Chinese listings rather than specific sectors on the Hong Kong market, which could benefit as confidence rises over Beijing's policies towards future reform of state-run firms.

Plan A : Above 24098, do nothing
Plan B : Below 23752, do nothing
Plan C : Consider intraday sell if market surges but fails to break above 24098
Plan D : Cut above 24230
Plan E : Attempt buying if market supports above 23752 and triggers a buy again
Plan F : Cut below 23670


FKLI

As expected, market went through some profit taking selling yesterday, touching an intraday low of 1848 before settling at 1853.5 for the day. Profit takings could continue today if market were to stay below 1858. 

Plan A : Attempt selling if market were to stay trading below 1858
Plan B : Cut above 1865.5
Plan C : Consider buying only if market test 1840.5 and rebounds
Plan D : Cut below 1838


FCPO

FCPO seems exhausted after a rally over the past few weeks. It eventually triggered some selling signal towards the second session. Overnight soybean oil and Dalian markets are trading weak and it is not surprised to see a low opening for FCPO. Ringgit further weaken to RM3.33 against the greenback.

Plan A : Overnight buyer may consider to take profit. Support is looking at 2285. 
Plan B : Intraday investor may sell at rebound if resistance at 2308 is not breached. Target is 2267 and 2255.
Plan C : Fresh buyer may stay out.
Plan D : Above 2310, do nothing.
Plan E : Below 2280, 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