19 January 2016

HSI Futures

Euro zone banks weighed on European stocks on Monday after news that the European Central Bank was scrutinizing some non-performing loans, sending a top index back to its lowest point in over a year.

Hong Kong's benchmark index dropped to its lowest level in more than three years on Monday, with investors' risk appetites soured by resumed declines in oil prices plus Friday's tumbles for share prices in the United States and Europe.

Plan A : Above 19399, do nothing
Plan B : Below 19142, do nothing
Plan C : Attempt selling if market gaps up but fails to break above 19399
Plan D : Cut above 19460
Plan E : Consider buying if market holds above 19296 and triggers a buy
Plan F : Cut below 19296


FKLI

FKLI did a remarkable recovery, rebounding from an intraday low of 1597 to close at 1618 for the day. Market should open little changed today with the absence of U.S. market yesterday. Resistance levels at 1621/1628 would be monitored closely today.

Plan A : Attempt selling if market rebounds but fails to break above 1628
Plan B : Cut above 1635
Plan C : Consider intraday long if market holds firm above 1615
Plan D : Cut below 1608


FCPO

FCPO gap-up due to the switch month effect on Monday. Intraday range was quite narrow yesterday and basically there was not much trading opportunity. Dalian and soybean oil are slightly up while Ringgit stays at RM4.39 against the greenback. 

Plan A : Sell if market rebounded and resisted around 2485. Targets are 2452 and 2431.
Plan B : Buy if market consolidated and supported above 2452. Targets 2485, 2495 and 2508.
Plan C : Above 2485, no fresh position.
Plan D : Below 2452, 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.