17 February 2017

HSI Futures

The Dow Jones Industrial Average scored its sixth straight record high on Thursday, but just barely, while the S&P 500 edged lower due to declining energy stocks.

Hong Kong stocks closed at an 18-month high on Thursday, with sentiment boosted by Wall Street's ongoing rally and demand from China. 

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Plan A : Above 24146, do nothing
Plan B : Below 23980, do nothing
Plan C : Attempt buying if market holds firm above 24016
Plan D : Cut below 23980
Plan E : Consider selling if market opens higher but fails to breach above 24100
Plan F : Cut above 24146


FKLI

Once again FKLI failed to breach above 1714-level yesterday and settled at 1706 for close. A muted or slightly negative opening can be expected today as profit taking activities might kick in today ahead of the weekend. Investors however, is to be reminded that this is just a short term pull-back, especially if market were to hold firm above 1699. 

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Plan A : Consider selling if market stays trading below 1708.5
Plan B : Cut above 1714
Plan C : Attempt buying if market corrects but rebounds from 1702
Plan D : Cut below 1699


FCPO

FCPO dipped on Thursday after the switch of new month. Selling pressure was consistent after failing to breach across 2986. Dalian and soybean oil are weak this morning while Ringgit stays at RM4.45 against the greenback.

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Plan A : Buy if market gap down but supported above 2889. Targets are 2921 and 2937.
Plan B : Sell if market rebounded and resisted around 2937. Targets are 2921, 2889, 2870 and 2827.
Plan C : Above 2937, no fresh position.
Plan D : Below 2889, 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.