30 April 2015

HSI Futures

U.S. stocks ended lower on Wednesday as the Federal Reserve cited weakness in the U.S. economy and data showed U.S. growth slowed more sharply than expected in the first quarter.

Hong Kong stocks fell on Wednesday, weighed down by financial shares after two major Chinese banks reported weak first-quarter earnings, highlighting the drag from the slowing mainland economy.

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 finally stumbled under pressure yesterday ahead of the long weekend holiday. Selling pressure could continue today but selling could be limited if market could hold above 1840 for the close.

Plan A : Attempt selling if market rebounds but fails to break above 1853
Plan B : Cut above 1858
Plan C : Consider buying if market recovers strongly from 1840
Plan D : Cut below 1837


FCPO

FCPO was on tight range yesterday with limited room for trading yesterday. Dalian and soybean oil are slightly up today with strengthening RM. Market is heading down South, thus, it could be better to sell whenever there is a rebound.

Plan A : Overnight seller hold on to position. Resistance is looking at 2112 and 2123. Target is 2039 and 1925.
Plan B : Fresh seller may sell if market could rebound and resist at 2085, 2093 and 2100. Target is 2039.
Plan C : Buyer stay out of market.
Plan D : Above 2100, do nothing.
Plan E : Below 2070, 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.