3 December 2015

HSI Futures

U.S. stocks closed sharply lower on Wednesday after hawkish comments from Janet Yellen boosted expectations of an interest rate hike, and oil dipped below $40 a barrel.

Hong Kong stocks rose on Wednesday, bolstered by financial and property shares as well as a sharp rebound in blue-chips in mainland China.

Plan A : Above 22620, do nothing
Plan B : Below 22314, do nothing
Plan C : Attempt selling if market fails to break above 22597 and triggers a sell
Plan D : Cut above 22597
Plan E : Consider buying if market holds firm above 22455 and surge
Plan F : Cut below 22314


FKLI

Market opened strong but struggled whole of yesterday after failing to hold above 1680 on its second rebound. Market will likely to have a lower opening today after a triple digits fall in overnight Dow. Buyers are advised to be vigilant today as any fall below 1662.5 might spell disasters.

Plan A : Attempt selling if market opens and stays below 1669.5
Plan B : Cut above 1675.5
Plan C : Consider buying only if market remains resilient and rebound from 1662.5
Plan D : Cut below 1657


FCPO

FCPO flushed down on Wednesday but it regain its losses after forming a support at 2320's level. Dalian and soybean oil are slightly weak today while Ringgit weaken to RM4.25 against the greenback.

Plan A : Sell if market rebounded and resisted at 2346 or 2355. Targets are 2297 and 2288.
Plan B : Buy if market flat out and support above 2336. Targets are 2355 and 2362.
Plan C : Above 2355, no fresh position.
Plan D : Below 2336, no fresh position. 




*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.