Wednesday, October 18, 2017

19 October 2017

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HSI Futures

The Dow Jones Industrial Average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth.

Hong Kong stocks inched up on Wednesday, with listings in the city of some China-based companies advancing on the first day of the key Communist Party Congress in Beijing.



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Plan A : Above 28780, do nothing
Plan B : Below 28620, do nothing
Plan C : Attempt buying if market trades firmly above 28650
Plan D : Cut below 28600
Plan E : Consider selling if market surges but fails to breach above 28720
Plan F : Cut above 28770


FKLI

FKLI had a sharp drop on the day before Deepavali where the lowest touched 1747 and then later closed at 1748.5. Market is expected to open higher due to overnight Dow rose 160 points. But, will our market follows the rise or no, it is still an unanswered question as it is still remained weak.



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Plan A : Attempt selling if market surges but fails to breach above 1758
Plan B : Cut above 1762
Plan C : Consider buying if market stays firm above 1751
Plan D : Cut below 1747


FGOLD

Gold prices extended its losses on pressure from firmer U.S. dollar amid speculation that next chair of Federal Reserve could be a policy hawk. 



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Plan A : Attempt selling if market stays trading below 1283.1
Plan B : Cut above 1289
Plan C : Consider buying if market dives but rebound strongly from 1268.9
Plan D : Cut below 1265


FCPO

FCPO once again attempted a breakthrough to 2768 but in vain. The tumble started later afternoon and visited the low at 2738 on Tuesday. Dalian and soybean oil are slightly positive while Ringgit stays at RM4.22 against the greenback.



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Plan A : Buy if market supported above 2737. Targets are 2753 and 2774.
Plan B : Sell if market rebounded and resisted around 2753. Targets are 2737 and 2707.
Plan C : Above 2753, no fresh position.
Plan D : Below 2737, 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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