Thursday, December 20, 2018

21 December 2018

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Gold

Gold jumped more than a percent on Thursday, boosted by a crumbling dollar and as sliding stocks prompted an influx of safe-haven bids after the U.S. Federal Reserve's monetary policy stance augmented concerns about slowing global growth.

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Plan A : Continue holding buy if gold price stays firm above 1258.8
Plan B : Take profit if market fails to hold above 1258.8
Plan C : Consider selling if gold price falls below 1258.8 and stays below
Plan D : Cut above 1263


HSI/HSI Warrant

U.S. stocks slid on Thursday, with the Nasdaq close to confirming bear market territory as the Federal Reserve’s plan to continue its balance-sheet reduction and the threat of a partial government shutdown fueled investor anxieties.

Hong Kong shares ended lower on Thursday after the city’s de facto central bank raised its base rate in line with the U.S. Federal Reserve, and warned of increasing downside risks to the economy. 

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Plan A : Attempt selling if market stays below 25707
Plan B : Cut above 25804
Plan C : Consider buying if market supported and rebounds from 25279
Plan D : Cut below 25200


FKLI


FKLI opened lower yesterday due to the overnight Dow plunged for 2%. The market then tried to rebound to the tip at 1652 by stamping foot above 1645 before it finally closed at 1649.5. The market signal is actually quite confusing as it is playing along the borderline of to buy and to sell.

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Plan A : Attempt selling if market fails to break above 1645
Plan B : Cut above 1649
Plan C : Consider buying if market does not break below 1631
Plan D : Cut below 1628


FCPO

FCPO touched an intraday high of 2200 yesterday before settling at 2185. With bean and dalian acting negatively since yesterday night, market is expected to open lower today while RM stood at 4.1778 against the greenback.

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Plan A : Sell if market stays trading below 2186. Targets are 2176 and 2167.Plan B : Buy only if market supported firmly above 2176. Targets are 2185 and 2198.
Plan C : Above 2186, no fresh position
Plan D : Below 2176, 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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