20 April 2015

HSI Futures

The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings.

Hong Kong stocks fall on Friday but had a fifth straight weekly gain, thanks to hopes of further money inflows. There was a sell down on Friday night amid new trading regulations in China but a 100 basis points cut on reserve requirement ratio on all banks in China on Sunday would cushion any falls today.

Plan A : Above 27961, do nothing
Plan B : Below 27583, do nothing
Plan C : Attempt selling if market stays trading below 27645
Plan D : Cut above 27791
Plan E : Consider buying if market holds firm above 27583 and triggers buying
Plan F : Cut below 27583


FKLI

Market might open lower today, taking cue from last Friday's Dow but losses could be limited if it choose to consolidate further. Market has been consolidating for the past 7 trading days. An convincing breakout is imminent to decide on next market direction.

Plan A : Attempt selling if market stays trading below 1844.5
Plan B : Cut above 1855
Plan C : Consider buying if market opens low but stays resilient above 1832
Plan D : Cut below 1827


FCPO

FCPO trading range was quite tight last Friday rendering the investor with no clue. Dalian and soybean oil markets traded higher today while Ringgit remains strengthen at RM 3.63 against the greenback.

Plan A : Intraday investor could sell if market gap up and resisted at 2171 and 2183 during the opening hour. Target is 2148 and 2136.
Plan B : Buyer may buy if market retraced and supported above 2148 and 2136. Target is 2197 and 2204.
Plan C : Above 2190, do nothing.
Plan D : Below 2130, 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.