22 January 2015

HSI Futures

U.S. stocks edged up in a choppy Wednesday session as traders digested reports that new stimulus would be announced by the European Central Bank at its Thursday meeting, while declines in IBM limited gains.

Hong Kong shares rose on Wednesday, in line with most Asian markets, as mainland stocks had big gains and investors expect China to make stimulus moves to boost economic growth.

Plan A : Above 24466, do nothing
Plan B : Below 24056, do nothing
Plan C : Consider intraday sell if market fails to break above 24466 and retrace
Plan D : Cut above 24508
Plan E : Attempt buying if market hold stubbornly above 24195
Plan F : Cut below 24056


FKLI

Market surged fiercely yesterday, triggering a lot of short covering and eventually settled at 1771, gaining 25-points for the day. Market could face some mild profit taking selling today but pullback could be minimal with expectation of aggressive ECB stimulus due to be announced today.

Plan A : Consider intraday sell only if market fails to break above 1778.5
Plan B : Cut above 1788
Plan C : Wait for retracement to buy, possibly around the 1758 level
Plan D : Cut below 1752


FCPO

FCPO finally escaped from the consolidation range and dive to low of 2270 yesterday. Market has shown a downtrend eventuate from the rocky trading since early of the year. Ringgit continue to stay above RM 3.61 against the greenback while overnight soybean oil is down 43 cents and Dalian is slightly down.

Plan A : Overnight seller hold on to position. Resistance is 2304. Target is 2249 and 2200.
Plan B : Intraday investor might sell if market could rebound and resisted at 2293. Target is 2249.
Plan C : Buyer stay out of market.
Plan D : Above 2300, do nothing.
Plan E : Below 2270, 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