14 January 2016

HSI Futures

U.S. stocks sank on Wednesday, pushing the S&P 500 to close below 1,900 for the first time since September as investors grew anxious about weak energy prices, U.S. corporate earnings and the global economy.

Hong Kong stocks ended more than 1 percent higher on Wednesday as the yuan stabilized, but the main indexes pared some gains after China stocks fell sharply in late afternoon trade.

Plan A : Above 20279, do nothing
Plan B : Below 19820, do nothing
Plan C : Attempt buying if market holds firm above 20070
Plan D : Cut below 19960
Plan E : Consider selling if market gaps up but fails to break above 20279
Plan F : Cut above 20279


FKLI

Market successfully defended its support at 1638 before rebounding to close at 1645 yesterday. However, failure to breach and hold firm above 1648 coupled with a heavy drop from overnight Dow, FKLI is expected to open lower today. Selling mode is expected to continue especially if market fails to hold above 1638 today.

Plan A : Attempt selling if market trades below 1642
Plan B : Cut above 1648
Plan C : No buying to be attempted for the time being
Plan D : Next support seen at 1628


FCPO

FCPO made a fierce rally in the afternoon yesterday before settling at near day's high level. Market might opens higher today, moving in tandem with bean and dalian but gains could be limited now as market could go into overbought situation today. Avoid chasing buying too high as signal overall is still a sell

Plan A : Attempt selling if market gaps up but fails to break above 2425
Plan B : Cut above 2435
Plan C : Wait for retracement to go long, possibly around 2390 level
Plan D : Cut below 2380



*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.