15 January 2016

HSI Futures

A rally in battered energy shares led U.S. stocks to rebound on Thursday, while financials rose after upbeat results from JP Morgan Chase & Co.

Hong Kong's benchmark index bounced off fresh 2-1/2 lows hit after a Wall Street slide on Thursday, paring losses after a sharp rebound in mainland stocks eased the gloom stemming from a tumble in global stocks.

Plan A : Above 20019, do nothing
Plan B : Below 19647, do nothing
Plan C : Attempt selling if market stays below 19848
Plan D : Cut above 19938
Plan E : Consider buying if market stays firm above 19848
Plan F : Cut below 19758


FKLI

Market as expected headed down south yesterday, touching an intraday low of 1624.5 before settling at 1630. Market could possibly open slightly higher today, taking cue from overnight Dow but gains could be limited as market sentiment has been beaten down. Failure to breach and hold above 1635 would worsen the situation and pressure the market even lower.

Plan A : Attempt selling if market fails to break above 1635
Plan B : Cut above 1640
Plan C : Consider intraday long if market stays resilient above 1628
Plan D : Cut below 1624


FCPO

FCPO rebounded to 2429 yesterday but could not sustain. It eventually slipped back to 2400's level and ended low. Dalian and soybean oil are relatively mixed while Ringgit vs US Dollar hovers around RM4.36 to RM4.40 for recent play.

Plan A : Sell if market rebounded and resisted around 2409 or 2419. Targets are 2398, 2388 and 2372.
Plan B : Buyer may stay out today.
Plan C : Above 2420, no fresh position.
Plan D : Below 2380, 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.