12 October 2015

HSI Futures

U.S. stocks closed slightly higher on Friday, ending the S&P 500's best week for 2015 on a quiet note as investors waited for U.S. companies to report third-quarter earnings.

Hong Kong stocks rose on Friday, capping their biggest weekly gain in six months on improving risk appetite globally as minutes from Federal Reserve's latest meeting further eroded expectations of a near-term U.S. rate hike. Japan markets are closed today for Health and Sports Day holiday.

Plan A : Above 22682, do nothing
Plan B : Below 22233, do nothing
Plan C : Attempt selling if market stays below 22445
Plan D : Cut above 22563
Plan E : Consider buying if market holds above 22339 and triggers a buy
Plan F : Cut below 22339


FKLI

Market continued its up surge despite some intraday profit taking last Friday. A big recovery in RM enticed investors to rush into market to buy beaten down shares. Market will have to weather through any profit taking activities and stays firm above 1694 level if it were to target next resistance of 1730 anytime soon. 

Plan A : Attempt buying if market stays firm above 1694
Plan B : Cut below 1689
Plan C : Consider intraday sell if market test 1730 but fails to breach through
Plan D : Cut above 1730


FCPO

FCPO closed near day's low level last Friday in a day where market moved within a tight trading range with heavy volume traded. A weakened Ringgit coupled with strong bean and Dalian is expected to spur the beaten down market to open higher today. However, investors are to be reminded that market is still on a downtrend after all. This technical rebound could present an opportunity for investors to initiate some fresh selling position if resistance were not breached. 

Plan A : Intraday buyers can attempt long if market were to open and hold firm above 2234
Plan B : Cut below 2215
Plan C : Enthusiastic sellers can wait for market to rebound near 2282-level to initiate a sell
Plan D : Cut above 2304 


 
*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.