28 October 2015

HSI Futures

U.S. stocks slipped on Tuesday on uncertainty over the U.S. rate outlook and disappointing results from Ford and other companies. The Federal Reserve began its two-day policy meeting on Tuesday. While expectations for a rate hike this week are slim, investors are looking for clues in its policy statement on Wednesday as to when the Fed will begin to raise interest rates.

Hong Kong's benchmark Hang Seng index ended slightly higher on Tuesday, clawing back morning losses in line with moves in mainland China markets.

Plan A : Above 23175, do nothing
Plan B : Below 22868, do nothing
Plan C : Attempt selling if market stays below 23060
Plan D : Cut above 23175
Plan E : Consider buying if market retrace and rebounds from 22868
Plan F : Cut below 22868


FKLI

Market continued to be in a tricky mode yesterday, touching an intraday low of 1692 before rebounding again to settle at 1701 for the day. Weak RM might dominate the story of the trade today but investors are advised not to be too bearish as buyers were seen supporting the market, possibly in anticipation of ValueCap involvement in the market as soon as next month. 

Plan A : Consider buying as long as market stays firm above 1694
Plan B : Cut below 1689
Plan C : Attempt selling if market remain trading below 1701
Plan D : Cut above 1706


FCPO

FCPO gap-down on Tuesday morning and it slowly moved upwards throughout the day 'till the closing bell. Dalian and soybean oil are weak this morning while Ringgit weakened to RM4.279 against the greenback.  

Plan A : Intraday investor may sell if market could rebound and resist at 2331 or 2344. Targets are looking at 2295, 2283 and 2235.
Plan B : Buyer may buy if market supported above 2307. Targets are 2331, 2344 and 2371.
Plan C : Above 2340, do nothing.
Plan D : Below 2280, 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.