22 October 2015

HSI Futures

U.S. stocks fell on Wednesday as a sharp drop in Valeant Pharmaceuticals hit the healthcare space, while the energy sector dropped along with oil prices.

China's benchmark indexes slumped roughly 3 percent on Wednesday in their worst daily performance in five weeks as a correction in small-caps deepened through the day, triggering an afternoon sell-off in the broader market.

Plan A : Above 23018, do nothing
Plan B : Below 22855, do nothing
Plan C : Attempt selling if market fails to break above 23018 and triggers a sell signal
Plan D : Cut above 23018
Plan E : Consider buying if market holds firm above 22968
Plan F : Cut below 22855


FKLI

Market made a remarkable recovery, rebounded from a low of 1681 before settling at day's high level of 1708 yesterday despite the weakening of RM. This could largely due to the Budget Day announcement tomorrow. Although market could potentially open lower today following cue from regional markets but sellers should not get over bearish especially if market holds firm above 1699 level.

Plan A : Consider buying if market holds firm above 1699
Plan B : Cut below 1694
Plan C : Selling to be attempted if market stays below 1699
Plan D : Cut above 1708


FCPO

FCPO stagnant on Wednesday squeezing its way up with slow commotion. Dalian and soybean oil are up today while Ringgit stays at RM4.28 against the greenback. 

Plan A : Seller may sell if market resisted at 2379. Target is 2355 and 2324. 
Plan B : Intraday investor may buy if market could retrace and stay above 2355. Target is 2380 and 2403.
Plan C : Above 2380, do nothing.
Plan D : Below 2350, 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.