30 July 2015

HSI Futures

U.S. stocks finished stronger on Wednesday after the U.S. Federal Reserve said the economy and job market continued to strengthen and left its key interest rate unchanged.

Hong Kong shares rose on Wednesday, cheered by a rebound in shares on the mainland in afternoon trade which halted a three-day losing streak. Focus of the day will be on U.S. GDP data due to be released later tonight.

Plan A : Above 24767, do nothing
Plan B : Below 24443, do nothing
Plan C : Consider intraday sell if market fails to break above 24767 and retrace
Plan D : Cut above 24767
Plan E : Attempt buying if market holds firm above 24637
Plan F : Cut below 24546


FKLI

Market attempted another new low yesterday before rebounding to close at 1695 eventually. Forward month is still trading at a huge discount to spot month which signals that market is still bearish. Long term investors might want to wait for a level to initiate a selling as long as market stays below 1716

August month contract:
Plan A : Attempt selling around 1690-1692
Plan B : Cut above 1700
Plan C : Consider intraday long if market stays firm above 1678
Plan D : Cut below 1673


FCPO

FCPO plunged after the gap-up on Wednesday morning. Overnight soybean oil closed down $0.45 while Dalian is relatively weak. RM remains at RM3.81 against the US Dollar. Market continued with its downtrend and visited the low at 2108. Trading is still on short selling bias but evaluate your risk before entering a position.

Plan A : Overnight seller hold on to position. Resistance is looking at 2146. Target is 2093 and 2077.
Plan B : Intraday investor may sell at rebound. Resistance is looking at 2131. Target is 2093.
Plan C : Buyer may stay out today.
Plan D : Above 2150, do nothing.
Plan E : Below 2120, 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.