27 April 2015

HSI Futures

The Nasdaq Composite and S&P 500 chalked up record high closes on Friday, propelled by strong results from tech behemoths Google, Amazon and Microsoft.

Hong Kong's main share index ended firmer on Friday, bolstered by hopes of more capital inflows from mainland investors.

Plan A : Above 28194, do nothing
Plan B : Below 27772, do nothing
Plan C : Consider intraday selling if market gaps up but fails to break above 28194
Plan D : Cut above 28352
Plan E : Attempt buying if market corrects but holds firm above 27983
Plan F : Cut below 27889


FKLI

Market continue surging, closing at almost day's high level last Friday. Firmer Ringgit helped market stayed firm and look likely to hold firm for the rest of the month.

Plan A : Attempt buying around 1858
Plan B : Cut below 1848
Plan C : No selling to be attempted for now as market looks resilient and firm


FCPO

FCPO stretched to high of 2176 and eventually settled at 2154 last Friday. Dalian is slightly up and overnight soybean oil was down while Ringgit recovered to RM 3.56 this morning. Market continue to narrow its range with no sense of direction. Therefore, intraday investor may take precaution. Stronger Ringgit may limit the upside of the market.

Plan A : Intraday investor may continue to range trade within  2128 to 2197. Place stop. Do not force trade if market does not come near.
Plan B : Buyer may buy only if market could support above 2144 and hold overnight if it closed above 2171. Target is 2204 and 2266.
Plan C : Seller may sell only if market could not break 2171 or 2204. Place stop. Target is 2128 and 2059.
Plan D : Above 2200, do nothing.
Plan E : Below 2140, 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.