29 May 2015

HSI Futures

U.S. stocks eased on Thursday as mixed messages about Greece's debt talks kept investor uncertainty high along with a sharp drop in Chinese shares after brokers tightened margin rules.

China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. In Hong Kong, the Hang Seng Index closed 2.2 percent down, and the China Enterprises Index lost 3.5 percent, and some some major mainland shares were trading at a discount to their Hong Kong counterparts.

Plan A : Above 27569, do nothing
Plan B : Below 27100, do  nothing
Plan C : Attempt selling if market rebounds but fails to break above 27390
Plan D : Cut above 27569
Plan E : Consider buying if market holds and surge from 27100
Plan F : Cut below 26987


FKLI

Market might have temporary found its bottom for now as cash market hold above 1750 while FKLI sustained selling pressure near 1740 level. There might not be a clear reversal just yet but eager buyers can consider intraday long whenever there's any signal

Plan A : Consider intraday buy if market holds firm above 1751
Plan B : Cut below 1744
Plan C : Attempt selling if market rebounds but fails to break above 1760.5
Plan D : Cut above 1767


FCPO

FCPO ramped yesterday to the high of 2219 and eventually settled at 2208. Dalian and overnight soybean oil are relatively positive while Ringgit remain weak at RM 3.64 against the US Dollar. Market is trying to breakthrough for an uptrend at the moment, failing to do so, will cause market falling back to consolidation.

Plan A : Overnight buyer hold on to position. Support is looking at 2193 and 2186. Target is 2222, and 2284. 
Plan B : Intraday investor may buy if market could support above 2202 and 2193. Target is 2222 and 2245.
Plan C : Fresh seller may wait and see today as market is attempting to breakthrough for an uptrend. Not advisable to go in today. However, stay tune if there is any changes at http://klse.i3investor.com/servlets/forum/901704783.jsp  
Plan D : Above 2220, do nothing.
Plan E : 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.