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Daily Futures Trading Strategy 21 Feb 2014

Futurescoin
Publish date: Fri, 21 Feb 2014, 09:18 AM
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HSI Futures


U.S. stocks climbed on Thursday after a reading on manufacturing activity hit its highest in nearly four years, while news about Facebook and Tesla drove their shares to record highs.


Hong Kong shares posted their biggest loss in more than two weeks on Thursday, led by Chinese internet giant Tencent Holdings on fears of greater competition after Facebook announced its purchase of mobile messaging startup WhatsApp. Losses accelerated after the China flash Markit/HSBC Purchasing Managers' Index (PMI) came in at 48.3 in February, a seven-month low, from January's final reading of 49.5. The employment sub-index slid to its weakest in four years.


Holding a short

 

Plan A : 22138-22527, do nothing

Plan B : Above 22527, buy back

Plan C : Below 22138, consider taking profit first

Plan D : Consider buying only if market holds above 22138 firmly and triggers a buy on its 5 min chart

Plan E : Cut below 22138

 

 

FKLI


FKLI went through a round of selling yesterday but still managed to hold firm above 1820. Market could continue hold firm today after overnight Dow gained 92-points.

 

Plan A : Take a long between 1824-1826

Plan B : Take profit around 1833-1835 if could break above 1835

Plan C : Consider selling if market fails to break above 1846 and retrace

Plan D : Cut above 1848

 

 

FCPO


FCPO closed almost at day high level yesterday after some hiccups in the morning. Market look likely to continue its surge today as overnight bean came through unscathed.

 

Holding a long

Plan A : 2717-2796, do nothing

Plan B : Consider taking profit around 2796 if it fails to breach through

Plan C : Put a potential stop below 2717

Plan D : Intraday selling can be considered if market fails to break above 2796

Plan E : Consider taking profit around 2766

Plan F : Cut above 2801

 

 

 

*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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