Sunday, February 28, 2016

29 February 2016

HSI Futures

Wall Street ended lower on Friday in a feeble end to another week of strong gains after concerns about the timing of future interest rate hikes offset gains in materials and energy stocks.

Hong Kong shares rose more than 2 percent on Friday, buoyed by a rebound in mainland China markets that prompted investors to hunt for bargains after losses in the previous session.

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Plan A : Above 19520, do nothing
Plan B : Below 19166, do nothing
Plan C : Attempt buying if market stays firm above 19166
Plan D : Cut below 19050
Plan E : Consider selling if market gaps up but fails to break above 19520
Plan F : Cut above 19520


FKLI

Market consolidated within 10-points range last Friday before closing positive for the day. March month contract would be in focus today as February contract expiring today. Market could consolidate further today but it will be important for market to close above 1662 if it were to remain positive.

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Plan A : Attempt buying if market stays firm above 1662
Plan B : Cut below 1656
Plan C : Consider selling if market rebounds but fails to break above 1670
Plan D : Cut above 1675


FCPO

FCPO had roller coaster ride last Friday which eventually filled the market with uncertainty. Dalian and soybean oil are slightly weak while Ringgit continue to hover around RM4.20 to RM4.22 against the greenback.

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Plan A : Sell if market rebounded and resisted around 2565 or 2573. Targets are 2555, 2547 and 2538.
Plan B : Buy if market support above 2536. Targets are 2554, 2565 and 2573.
Plan C : Consolidation play if market could not breach 2554. Range within 2554 to 2515.
Plan D : Above 2554, no fresh position.
Plan E : Below 2515, 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.  

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