29 April 2015

HSI Futures

The Dow and S&P 500 ended a volatile session higher on Tuesday, helped by strong earnings from Merck and gains in IBM after it boosted its dividend, while the Nasdaq fell with Apple.

Hong Kong stocks ended flat on Tuesday as strength in financial shares was offset by a slump in oil giants PetroChina and Sinopec Corp. Japan markets are closed for Showa Day today. Trading could be cautious today with investors waiting for U.S. Federal Reserve's statement due tonight.

Plan A : Above 28571, do nothing
Plan B : Below 28194, do nothing
Plan C : Attempt selling if market stays below 28383
Plan D : Cut above 28460
Plan E : Consider buying if market stays firm above 28194 and triggers a buy
Plan F : Cut below 28194


FKLI

Market was seen a little sluggish yesterday as second and third liner stocks were facing selling pressure. Despite touching an intraday low of 1852.5, market managed to recover before settling at 1857.5 yesterday. Firmer ringgit could cushion any fall today but weak palm oil prices could be a concern

Plan A : Consider selling if market rebounds but fails to break above 1863.5
Plan B : Cut above 1871
Plan C : Attempt buying if market holds stubbornly above 1852 and rebounds
Plan D : Cut below 1848


FCPO
FCPO slumped during opening today while Dalian and overnight soybean oil were down with stronger Ringgit. Market is on its downtrend after a long consolidation period, thus, investor is advisable to sell during rebound.

Plan A : Overnight seller hold on to position. Resistance is looking at 2093 and 2105. Target is 2039 and 1925.
Plan B : Seller may sell if market rebounded and resisted at 2085 and 2093. Target is 2039.
Plan C : Buyer stay out of market.
Plan D : Above 2100, do nothing.
Plan E : No fresh position below 2070.


*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.