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Daily Futures Trading Strategy 7 March 2014

Futurescoin
Publish date: Fri, 07 Mar 2014, 09:45 AM
Futurescoin
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HSI Futures


U.S. stocks mostly rose on Thursday, with the S&P 500 closing at yet another record on better-than-expected jobless claims data and the European Central Bank's move to keep rates unchanged.


Hong Kong shares rebounded on Thursday, helped by a reversal of losses in the Chinese property sector as investors rushed to cover short positions after mainland-listed developers outperformed a listless market.


Plan A : Above 22852, do nothing

Plan B : Below 22372, do nothing

Plan C : Attempt selling if market opens gap up but fails to break above 22852

Plan D : Cut above 22937

Plan E : Consider buying only if market gaps down but stays firm above 22372 and triggers a buy

Plan F : Cut below 22294



FKLI


FKLI successfully defended an early scare and recovered to 1834 for a close. Market look likely to rally from here especially if market could stays firm above 1838 amid stronger ringgit


Plan A : Long between 1827-1834

Plan B : Cut below 1825

Plan C : Refrain from selling other than intraday selling if market fails to break above 1847

Plan D : Cut above 1850

 

 

FCPO

 

Market has done a minimal correction and it continue to went up to high of 2869. Overnight bean is up $1.09 which marked another good run of the soybean oil. CPO might gap up in the morning due to the overnight bean oil effect.

 

Plan A : Intraday investor might sell if market could not break 2892. Place a stop at 2910. Profit target looking at 2867.
Plan B : Intraday buyer could attempt to enter position if 2845 is supported. May go in around 2850's.

Plan C : Above 2910, do nothing.

Plan D : Below 2840, do nothing.

Plan E : Long term buyer advisable to stay out. Long term seller may prepare yourself once market start to weaken. Resistance 2900.

 

 


*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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