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Daily Futures Trading Strategy 27 Jan 2014

Futurescoin
Publish date: Mon, 27 Jan 2014, 09:09 AM
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HSI Futures


U.S. stocks dropped for a second day on Friday and the S&P 500 posted its worst week since June 2012 as a sell off in emerging market assets fed through to wholesale pullbacks in equities.

 

Hong Kong shares fell to their lowest close since Nov. 13 on Friday as worries about the Chinese growth lingered the day after a disappointing manufacturing survey came out.

 

Plan A : Above 22699, do nothing

Plan B : Below 22103, do nothing

Plan C : Consider selling if market opens high but fails to break above 22548

Plan D : Cut above 22548

Plan E : Consider buying if market opens gap down but holds firm above 22103 and trigger buying signal on its 5 mins chart

Plan F : Cut below 22103

 

 

FKLI


FKLI look certain for another sell down today after Friday Dow lost 318-points. Weak Ringgit will continue dampen any hope for recovery before CNY holiday

 

Plan A : Do not rush for any selling, do consider selling only if market trades between 1792-1797. Otherwise, just let the market go

Plan B : Cut above 1800 if selling done between 1792-1797

Plan C : Consider buying only if market holds firm above 1771

Plan D : Exit buying position at the end of the day

Plan E : Cut below 1768

 

 

FCPO


Market moved sideways last Friday and seems 2604 has become the resistance. Again, weak ringgit may cap the losses.

 

Plan A : Overnight buyer may stay put as there might be some turbulence of market moving up and down around 2570 to 2600 level. Unless, it went further down to 2560 and below, may exit the market and stay out.

Plan B : Fresh buyer may try to buy around 2570's to 2580 level, and taking 2560 as support. Place a stop in case market overshot the support price. Immediate target price is 2600's level. Next resistance is 2630.

Plan C : Seller may try to sell if market couldn't break the resistance of 2600's level. Place a stop if market penetrate through the resistance 2608.

Plan D : Above 2610, do nothing.

Plan E : Below 2560, do nothing.

 

 

 

*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.

 

 

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