14 April 2015

HSI Futures

U.S. stocks dipped on Monday as fears increased that the strong dollar and lower oil prices will hurt U.S. first-quarter earnings.

Hong Kong's bull kept raging on Monday, with the benchmark Hang Seng Index jumping nearly 3 percent to fresh seven-year highs on expectations more money will pour in to hunt for bargains.

Plan A : Above 28352, do nothing
Plan B : Below 27645, do nothing
Plan C : Consider selling if market fails to break above 28352 and retrace
Plan D : Cut above 28352
Plan E : Attempt buying if market corrects and hold firmly above 27645
Plan F : Cut below 27470


FKLI

Market gave up early gains and close unchanged as intraday buyer liquidated their position. Market could be dicey for now as both buyers and sellers are fighting out to the be winner. Persistent selling below 1840 level would further spook buyers and hence pressuring the market.

Plan A : Attempt selling if market stays trading below 1840
Plan B : Cut above 1848
Plan C : Consider buying if market rebound from 1832 and triggers a buy signal again
Plan D : Cut below 1832


FCPO

FCPO had slow day yesterday with narrow range. Ringgit weaken to RM 3.70 against the greenback while Dalian and soybean oil are slightly weaker this morning. Market remains as sell trend as market could not breach resistance during the quick recovery and it subsequently submerged with withdrawal syndrome.

Plan A : Overnight seller hold on to position. Resistance is looking at 2144. Target is 2082 and 1978.
Plan B : Intraday investor may sell if market could not break 2144. Target is 2104 and 2082.
Plan C : Buyer may stay out of market.
Plan D : Above 2150, do nothing.
Plan E : Below 2120, 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.