20 January 2014

HSI Futures

The S&P 500 and Nasdaq declined on Friday as results from Intel and General Electric were the latest to dampen the view on fourth-quarter earnings.

Hong Kong shares closed at their highest in more than two weeks on Friday, posting weekly gains that were largely buoyed by a strong showing in Asian insurer AIA Group and Chinese Internet giant Tencent Holdings.

Plan A : Above 23264, do nothing
Plan B : Below 22969, do nothing
Plan C : Consider buying if market holds firm above 23051
Plan D : Cut below 22969
Plan E : Take profit around 23395
Plan F : Selling can only be considered if market opens high but fails to breach above 23264
Plan G : Cut above 23264


FKLI

FKLI continue remained weak as Ringgit weakens once again. Market is expected to face persistent selling as buying interest fading.

Plan A : Attempt selling around 1811-1816 level
Plan B : Cut above 1817
Plan C : Consider taking profit around 1781 if it holds firm
Plan D : Any buying must be treated with care as any breakdown below 1781 might trigger a free fall for the market


FCPO

With weakened ringgit at 3.31, we might expect an up market today. Soybean oil market is off today as US is closed.

Plan A : Above 2560, do nothing.
Plan B : Below 2520, do nothing.
Plan C : May try some buy around 30's to 40's level, taking 2528 as support. Target looking at 2577 for intraday.
Plan D : If you are holding an overnight buying position, you may want to hold on to it. First target profit at 2547 has touched last week and following resistances looking at 2577 and 2608. Support looking at 2528.
Plan E : Seller might want to stay out today as market is on its rebound.    


*Disclaimer: This information is intended to assist professional investors. 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.