Sunday, October 30, 2016

31 October 2016

HSI Futures

U.S. stocks declined in a volatile session on Friday but were able to partially recover from a sharp drop spurred by news the FBI will review more emails related to Democratic presidential candidate Hillary Clinton's private email use.

Hong Kong shares slid to a two-month low on Friday, as sentiment was dampened by enhanced expectations the U.S. Federal Reserve would raise interest rates by the year-end.

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Plan A : Above 23010, do nothing
Plan B : Below 22771, do nothing
Plan C : Attempt selling if market recovers but fails to breach above 22970
Plan D : Cut above 23010
Plan E : Consider buying if market gap down but rebounds from 22771
Plan F : Cut below 22771


FKLI

FKLI performed pretty resiliently last Friday despite weakness in regional markets. Although November contract is currently trading 1.5 points discount to the spot, market is still holding at a buy signal. Sellers should refrain themselves from getting too bearish, unless market stays trading below 1660.

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Plan A : Attempt selling if market stays below 1666
Plan B : Cut above 1669
Plan C : Consider buying if market stays firm above 1663
Plan D : Cut below 1660


FCPO

FCPO flattened last Friday despite the opening gaps. Market hovered around at minimal trading capacity with no clear direction. Dalian and soybean oil are mixed while Ringgit weakened at RM4.20 against the greenback.

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Plan A : Buy only if market stabilized and supported above 2802. Targets are 2828, 2847 and 2875.
Plan B : Sell if market rebounded and resisted around 2783. Targets are 2763, 2759, 2750 and 2736.
Plan C : Between 2783 to 2802, no fresh position.
Plan D : Below 2773, no fresh position.
Plan E : Above 2710, 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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