20 May 2015

HSI Futures

U.S. stocks ended mixed on Tuesday, with the Dow rising marginally to a second straight record high, as Wall Street digested housing data that some saw as hopeful for an economy struggling to grow.

Hong Kong stocks rose on Tuesday, led by Chinese companies, as excitement in mainland markets over accelerated economic reform and financial deregulation rippled across the border.

Plan A : Above 27805, do nothing
Plan B : Below 27373, do nothing
Plan C : Consider selling if market surges but fails to break above 27805 and retrace
Plan D : Cut above 27805
Plan E : Attempt buying if market stays firm above 27640
Plan F : Cut below 27538


FKLI

Market was a little sluggish in the afternoon yesterday before recovering to close at 1809. Market could continue to consolidate with both buyers and sellers fighting to be the winner. Only a convincing break out from 1800-1828 would see clearer market direction.

Plan A : Attempt buying if market stays firm above 1805
Plan B : Cut below 1800
Plan C : Consider intraday sell if market rebounds but fails to break above 1818
Plan D : Cut above 1823


FCPO

FCPO continue to trade side-way yesterday with no surprises. However, with weak overnight soybean oil and Dalian today, market could continue to go down further. Ringgit further weaken today to RM 3.60 against the greenback, may limit the downside of the market. Therefore, investor is advised not to sell to low or to chase selling.

Plan A : Overnight seller hold on to position. Resistance is looking at 2186. Target is 2124, 2102 and 2070.
Plan B : Intraday investor may sell only when market rebound and resist around 2158. Target is 2102.
Plan C : Buyer stay out of market.
Plan D : Above 2160, do nothing.
Plan E : Below 2100, do nothing. 

Stay tune at http://klse.i3investor.com/servlets/forum/901704783.jsp for trade update.


*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.