5 March 2015

HSI Futures


U.S. stocks closed lower on Wednesday amid a series of economic data that continued to show moderate growth ahead of Friday's key jobs report. Investors also eyed the European Central Bank meeting on Thursday that might reveal details on the timing of the bond-buying program announced earlier in the year. 

Hong Kong shares finished lower on Wednesday, following weaker U.S. and European markets and as a sharp drop in domestic retail sales hurt investor sentiment.

Plan A : Above 24577, do nothing

Plan B : Below 24329, do nothing

Plan C : Attempt selling if market rebounds but fails to break above 24466

Plan D : Cut above 24577

Plan E : Consider intraday buy if market hold resiliently above 24329

Plan F : Cut below 24233

FKLI

Market resumed its lethargic mode but somehow managed to close off its day low. Market is visibly tired and looks vulnerable especially with Ringgit weakened further. Expect more aggressive selling today if market were to fail to hold above 1812.5 level.

Holding sell
Plan A : 1777-1819, do nothing
Plan B : Above 1819, cut
Plan C ; Consider intraday buy only if market dives towards 1777 and rebounds strongly
Plan D : Cut below 1766



FCPO

FCPO attempted to break through 2400 level but in vain. It eventually plunged with selling pressure and closed at 2364. Dalian and overnight soybean oil are down quite significantly and it is not surprised to see market to open lower. Ringgit further slump against the greenback at RM 3.65.

Plan A : Overnight buyer exit market today. Support is 2328.
Plan B : Intraday investor may sell if market could rebound and resisted at 2358. Target is 2308.
Plan C : Buyer stay out of market.
Plan D : Above 2360, do nothing.
Plan E : Below 2330, 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