21 January 2015

HSI Futures

U.S. stocks closed little changed on Tuesday after the International Monetary Fund reduced its growth forecasts for 2015 and 2016, increasing speculation central banks would take more aggressive policy moves to spark economic improvement.

Hong Kong shares rose on Tuesday after mainland indexes rebounded on comments by China's securities regulator that it was not trying to suppress that market's rally.

Plan A : Above 24056, do nothing
Plan B : Below 23629, do nothing
Plan C : Consider selling if market fails to break above 24056 and triggers a sell
Plan D : Cut above 24195
Plan E : Attempt buying if market hold firmly above 23883
Plan F : Cut below 23708


FKLI

Market seems like creating a churning top amid weaker RM and also lack of leads from Budget 2015 Adjustment. Sellers could comes in today especially if market were to remain trading below 1750 level.

Plan A : Attempt selling if market fails to break above 1750
Plan B : Cut above 1758
Plan C : Consider intraday buy if market retrace to 1740 and hold firm
Plan D : Cut below 1733


FCPO

FCPO took a scroll down the rocky way lately with sudden gaps over the sessions. With Ringgit at RM 3.62 against the greenback, market swiftly made an U-turn and touched the high at 2346 but effort proven in vain when prices slumped at the eleventh hour yesterday. Overnight soybean oil was down 55 cents while Dalian is slightly up today. 

Plan A : Intraday investor may range trade within 2297 to 2346.
Plan B : Seller may attempt selling only if market trade below 2330. Place a stop. Target is 2297 and 2282.        
Plan C : Above 2350, do nothing.
Plan D : Below 2300, 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