13 January 2015

HSI Futures

U.S. stocks fell for a second straight session on Monday, led by another sharp decline in energy shares as oil prices tumbled about 5 percent and concern grew ahead of corporate earnings season.

Hong Kong's key share index edged up on Monday, lifted by the business restructuring plan announced late on Friday by Li Ka-shing, Asia's richest man.

Holding long
Plan A : 23983-24329, do nothing
Plan B : Below 23983, liquidate
Plan C : Above 24329, consider taking profits if market couldn't hold firm
Plan D : Consider turning sell only if market fails to break above 24133 and triggers a sell
Plan E : Cut above 24329


FKLI

Market failed to stay firm above 1737.5 despite touching an intraday high of 1738 yesterday. Weak overnight Dow is going to dampen any hopes of surging further today. Late buyers are expected to be under pressure today especially if selling activities were to turn aggressive today.

Plan A : Attempt selling around 1733 level
Plan B : Cut above 1738
Plan C : Buying to be considered only if market test and holds firm above 1709
Plan D : Cut below 1699.5


FCPO

FCPO corrected to 2328 yesterday but it managed to ramp back up to 2371 before closing and settled at 2363. Today could be a bit confusing as Dalian and overnight soybean oil markets are down drastically.  A gap down in the morning might be imminent.

Plan A : Overnight buyer exited yesterday as support is breached. Exit if you have not.
Plan B : Intraday investor may sell if market could rebound and resisted around 2334 or 2349. Target is 2285. Place a stop.
Plan C : Above 2350, do nothing.
Plan D : Below 2310, do nothing.
Plan E : Fresh buyer stay out. 


*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