23 March 2015

HSI Futures

U.S. stocks rose on Friday, pushing the Nasdaq to a 15-year high and helping the S&P 500 snap a three-week string of losses, following a pullback in the dollar, upbeat results from Nike and further biotech gains.

China stocks powered higher on Friday, posting their biggest weekly gain in three months and hitting fresh seven-year highs, as investors speculated that Beijing will soon unveil fresh stimulus measures to aid a flagging economy. Meanwhile, former prime minister of Singapore, Lee Kuan Yew passed away early this morning at the age of 91. Singapore market might opens lower but other regional markets should take cue from Friday's Dow.

Plan A : Above 24637, do nothing
Plan B : Below 24340, do nothing
Plan C : Consider selling if market fails to break above 24535 and retrace
Plan D : Cut above 24637
Plan E : Attempt buying if market holds firm above 24340 and triggers a buy
Plan F : Cut below 24340


FKLI

Market made a last minute push to close at almost day's high level after successful hold firm for much of the day. Market look likely to stay firm for the time being with support seen at 1803

Plan A : Attempt buying if market retrace but stays firm above 1806
Plan B : Cut below 1794.5
Plan C : Consider intraday sell only if market surge but fails to breach 1817.5
Plan D : Cut above 1826.5


FCPO

FCPO rebounded to high of 2211 last Friday during opening but unsustainable. It subsequently pressurized by the selling momentum and settled at 2160. Dalian and soybean oil are slightly up while Ringgit is slightly strengthen at RM 3.70 against greenback.

Plan A : Buyer may buy if market could support above 2175. Target is 2229. Place a stop.  
Plan B : Seller may sell if market resisted around 2183. Target is 2128 and 2103.
Plan C : Above 2190, do nothing.
Plan D : Below 2170, do nothing.     


*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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.