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Daily Futures Trading Strategy 24 July 2014

Futurescoin
Publish date: Thu, 24 Jul 2014, 10:57 AM
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HSI Futures


U.S. stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on Apple's bullish results, though Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market's gains in check.


An index of major China companies listed in Hong Kong on Wednesday surged to its highest close this year, as investors piled into financial and energy stocks seen as undervalued. China's manufacturing PMI will be due to be released today at 9.45am with UK's GDP data follows tomorrow. 


Plan A : Above 24151, do nothing

Plan B : Below 23790, do nothing

Plan C : Consider selling if market gaps up but fails to break above 24151

Plan D : Cut above 24151

Plan E : Attempt buying after market corrected and holds firm above 23790 before triggering a buy again

Plan F : Cut below 23790



FKLI


Market struggled to hold firm despite a strengthened RM. Rebound could be weak ahead of the long Raya holiday. Investors might prefer to stay out and reassess the situation after the long break


Plan A : Attempt selling if market fails to break above 1871.5

Plan B : Cut above 1876

Plan C : Consider buying only if there's a sudden plunge and market holds above 1855

Plan D : Cut below 1848

 

 

FCPO

 

FCPO resume with its down trend and visited to the low of 2247. Strengthening of ringgit limits the upside of the market and buyer got to be patient to wait for the opportunity to come. Regional competitive substituents are showing some signal of slight recovery, therefore, causing the opening price to gap up. 

 

Plan A : Overnight seller should have exited yesterday as the last support at 2264 is breached. 

Plan B : Fresh seller may stay out today.

Plan C : Buyer may wait for signal to come. Market needs to be supported above 2255 for a buy. Hold overnight if market stay above 2280. React only when market consolidated for a while. Place a stop.

Plan D : Above 2290, do nothing.

Plan E : Below 2230, 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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