28 April 2015

HSI Futures

U.S. stocks ended down on Monday, led by losses in biotech shares after disappointing news from several companies including Amgen. Investors were eyeing earnings and looked ahead to the beginning of the two-day Federal Reserve meeting on Tuesday. 

Hong Kong stocks advanced to fresh seven-year highs on Monday, led by Chinese state-owned giants on expectations that Beijing will accelerate mergers among state-owned enterprises (SOEs). Japan's trade data released this morning showed a plunge of 9.7 %, which is far below expectations.

Plan A : Above 28572, do nothing
Plan B : Below 28194, do nothing
Plan C : Consider selling if market stays trading below 28470
Plan D : Cut above 28572
Plan E : Attempt buying if market corrects but rebounds from 28194
Plan F : Cut below 28194


FKLI

Market retraced towards the final hour of trading yesterday. Some profit taking activities were seen but market is supported overall. 

Plan A : Attempt buying if market retrace further but holds firm above 1855
Plan B : Cut below 1850
Plan C : Consider intraday selling if market fails to climb above 1864.5
Plan D : Cut above 1871


FCPO

FCPO had finally showed some sign of weakness yesterday settling at almost day low. Dalian and soybean oil are trading insignificantly this morning while Ringgit continue to strengthen at RM 3.55 against the U.S. Dollar.

Plan A : Overnight seller hold on to position. Resistance is looking at 2130 and 2141. Target is 2039, 2003 and 1925.
Plan B : Intraday investor and fresh seller may sell if market could rebound near and resist at 2130. Target is 2082 and 2039.
Plan C : Buyer may stay out.
Plan D : Above 2140, do nothing.
Plan E : Below 2100, 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.