27 May 2015

HSI Futures

U.S. stocks fell on Tuesday, pushing the S&P 500 to its biggest decline in three weeks, weighed down by concerns about Greece and some upbeat data that fueled expectations that a U.S. rate hike could come sooner rather than later.

Hong Kong shares flirted with seven-year highs on Tuesday, as investors returning from Monday's holiday piled into stocks after Beijing's newly-unveiled cross-border investment scheme fueled expectations of more money inflows from the mainland.

Plan A : Above 28567, do nothing
Plan B : Below 28154, do nothing
Plan C : Attempt selling if market fails to break above 28339 and retrace
Plan D : Cut above 28394
Plan E : Consider buying if market corrects near 28154 and rebounds
Plan F : Cut below 28154


FKLI

Bearish tone continue to haunt Malaysian market with market diving down to another new recent low level of 1753 before settling at 1756. Market is expected to open lower once again, following overnight lead from Dow but sellers are to be reminded not to be too bearish for the time being as market has been down for 6 days consecutively. Avoid selling at a too low level, wait for rebound for further selling.

Plan A : Attempt selling if market rebounds but fails to break above 1760.5
Plan B : Cut above 1765
Plan C : No buying to be attempted until market stabilizes. Next supports seen at 1740 and 1719.5.


FCPO

FCPO gap-up yesterday and tipped at high of 2192 with little retracement in the afternoon. Dalian and overnight soybean oil are performing positively well this morning while Ringgit further weakened to RM 3.63 against the US Dollar. 

Plan A : Intraday investor may buy if market could support above 2168 or 2156. Target is 2216 and 2251. Do not chase buying if market is too far from support. Manage your risk.      
Plan B : Fresh seller may attempt selling if market could not breach 2196 or 2202. Target is 2168, 2156 and 2144. Place a stop.
Plan C : Above 2200, do nothing.
Plan D : Below 2160, 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.