16 October 2015

HSI Futures

A tame inflation reading and strong earnings from Citigroup led investors to pile back into stocks on Thursday, pushing Wall Street to its best level in eight weeks.

Hong Kong stocks jumped 2 percent to near two-month highs on Thursday, lifted by bullishness in mainland markets and increased expectations that Beijing will make fresh stimulus moves.

Plan A : Above 23053, do nothing
Plan B : Below 22580, do nothing
Plan C : Consider selling if market surges but fails to break above 23053
Plan D : Cut above 23080
Plan E : Attempt buying if market corrects but holds firm above 22775
Plan F : Cut below 22650


FKLI

Market tumbled towards the final hour of trading yesterday but still managed to close unchanged for the day. Market is expected to continue its up surge today after a triple digits gain in the overnight Dow. Buying interest should reignite again once FKLI stays firm above 1714.5

Plan A : Attempt buying if market breach and hold firm above 1714.5
Plan B : Cut below 1709
Plan C : Consider intraday sell only if market test 1730-level and retrace
Plan D : Cut above 1730


FCPO

FCPO had choppy run on Thursday with inter-session break gaps. Dalian and overnight soybean oil are trading weak while Ringgit stays at RM4.14 against the US Dollar. Today is switch month, therefore, investor may take note. 

Plan A : Overnight seller may hold on to position. Resistance is 2320. Targets are 2225 and 2106.
Plan B : Intraday investor may sell if market could resist at 2312. Targets are 2290, 2275, 2255 and 2225.
Plan C : Buyer may stay out.
Plan D : Above 2320, do nothing.
Plan E : Below 2270, 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.