31 July 2015

HSI Futures

Wall Street ended flat on Thursday as investors digested ho-hum corporate earnings and new data showed that the economy grew more quickly in the second quarter.

Hong Kong shares fell on Thursday as fresh losses in mainland China markets outweighed the U.S. Federal Reserve's optimism that the world's largest economy was improving.

Plan A : Above 24620, do nothing
Plan B : Below 24279, do nothing
Plan C : Attempt selling if market stays below 24480
Plan D : Cut above 24555
Plan E : Consider intraday long if market test 24279 and rebounds
Plan F : Cut below 24279


FKLI

Market was seen holding well throughout the day yesterday with discount for August contract to cash market narrowed to 8-points for the close.Market is on the stage of recovery but this could be a short term relief as sentiment of market still remains weak with all the negative political news spreading in the market daily.

August month contract:
Plan A : Attempt selling as long as it stays below 1696
Plan B : Cut above 1700
Plan C : Consider intraday long if it retraces but holds firmly above 1680
Plan D : Cut below 1677


FCPO

CPO went through some choppy trading yesterday before settling at near day's high level. Market could potentially open lower today but trading range could be tight with some consolidation to be expected. Bargain hunters should not be too confident of a market reversal yet as long as it stays below 2128

Plan A : Overnight seller hold on to position. Resistance is looking at 2136. Target 2093 and 2077
Plan B : Intraday investors can sell on rebound. Resistance is at 2128. Target is 2093
Plan C : Buyer may stay out for today
Plan D : Above 2150, do nothing
Plan E : Below 2110, 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.