9 December 2014

HSI Futures


U.S. stock dive sharply yesterday while we are seeing a last gasp pullback in energy. Dow ended with drop of 106 points, whereas S&P 500 was dragged by 15 points. This is the biggest retrace since October.

Asian stocks fell reacting to the weakness of the U.S. shares and the extended decline in the oil. Hang Seng ended quite flat on Monday though Shanghai market remain strong.

Plan A : Overnight buyer exit if support at 23805 is breached. Target is 24343.
Plan B : Intraday investor may sell if market rebounded and could not break 24161.
Plan C : Above 24200, do nothing.
Plan D : Below 23800, do nothing.


FKLI



Malaysia index extended losses to new low of 1730 as oil prices resume to its downtrend spiral.

Plan A : Overnight seller may hold on to position. Resistance is 1745. Target is 1691. Seller may also take profit as 1724 has achieved.
Plan B : Intraday investor may sell if market could rebound and resisted at 1736.5. Target is 1724.
Plan C : Above 1740, do nothing.
Plan D : Below 1720, do nothing.


FCPO


FCPO rebounded to high of 2204 but unsustainable and it started to retrace and closed at 2171. Signal is still quite mixed for the market, however, it is still on its consolidation range.

Plan A : Overnight seller may hold on to position, Resistance is 2179. Target is 2104.
Plan B : Intraday investor may sell if resistance 2179 is not beached. Target is 2143.
Plan C : Buyer stay out of market.
Plan D : Above 2180, do nothing.
Plan E : Below 2140, 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