12 May 2015

HSI Futures

Wall Street closed lower on Monday as investors fretted about Greece's precarious financial condition and slowing growth in China, while energy stocks fell on weaker oil prices.

Hong Kong shares rose on Monday encouraged by bullish Chinese markets reacting to Beijing's rate cuts over the weekend as well as strong U.S. stock markets after strong jobs data.

Plan A : Above 27929, do nothing
Plan B : Below 27329, do nothing
Plan C : Attempt selling if market trades below 27502
Plan D : Cut above 27660
Plan E : Consider buying only if market supports well above 27329 and triggers a buy
Plan F : Cut below 27329


FKLI

Politically instability caused FKLI trading at a huge discount to cash market after rumors of crucial Umno supreme council meeting was held at Putrajaya yesterday. Market must regain its footing above 1801.5 today if it were to decouple itself from bear sentiment. Failure to hold above 1785 would be a nightmare to the hopeful bulls. 

Plan A : Attempt selling if market rebounds but fails to break above 1804.5
Plan B : Cut above 1810
Plan C : Consider intraday long if market test 1785 and rebounds
Plan D : Cut below 1785


FCPO

FCPO flattened for almost the whole day until a surge at the eleventh hour. Today it might come back to the tip of the consolidation range and decide its direction. Dalian and soybean oil are slightly mixed while Ringgit further weakened to RM 3.62 against the US Dollar.

Plan A : Intraday investor and fresh seller may sell if the resistance at 2204 and 2222 is not breached. Only sell if market start to exhaust. Do not rush into trading. Place a stop. Target is 2167 and 2102.
Plan B : Buyer may stay out of market. Stay tune to http://klse.i3investor.com/servlets/forum/901704783.jsp as intraday investor might have a chance if market stabilize.
Plan C : Above 2230, do nothing.
Plan D : Below 2180, 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.