23 January 2015

HSI Futures

The S&P 500 and Nasdaqturned positive for the year as U.S. stocks rallied on Thursday on the back of a larger than anticipated stimulus from the European Central Bank. The ECB will buy 60 billion euros worth of assets per month, more than markets had been hoping for, in a program that will last through September 2016.

Hong Kong shares rose a third consecutive day on Thursday, lifted by wide expectations the European Central Bank is about to roll out a stimulus programme to boost the euro zone's flagging economy. Focus will fall on HSBC's January flash reading of China's PMI due at 9.45am this morning. 

Plan A : Above 24761, do nothing
Plan B : Below 24335, do nothing
Plan C : Consider selling if market fails to break above 24761 and triggers a sell
Plan D : Cut above 24761
Plan E : Attempt buying if market holds firm above 24507
Plan F : Cut below 24335


FKLI

Market rallied yesterday in anticipation of ECB's stimulus. Market is expected to hold firm today despite possibility of profit taking selling. 

Plan A : Consider intraday sell only if market fails to break above 1798
Plan B : Cut above 1810
Plan C : Attempt buying if market retrace and hold firm above 1775
Plan D : Cut below 1768


FCPO

FCPO slumped to low of 2242 after a rebound in the morning. Dalian and soybean oil are weak in trading with strengthening Ringgit at RM 3.59 against the greenback.

Plan A : Overnight seller hold on to position. Resistance is 2282. Target is 2200.
Plan B : Intraday investor may sell at rebound. Resistance is 2254. Target is 2200.
Plan C : Above 2270, do nothing.
Plan D : Below 2240, do nothing.
Plan E : 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