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Daily Futures Trading Strategy 18 August 2014

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Publish date: Mon, 18 Aug 2014, 10:08 AM
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HSI Futures


U.S. stocks ended mixed on Friday, paring an earlier selloff sparked by reports of Ukraine shelling a Russian armored column.


Hong Kong's benchmark index closed at its highest level since November 2010 on Friday, pushed up by index heavyweight China Mobile after official media said the telecom giant would increase investment in instant messaging service Fetion. On the economic front, UK and U.S. CPI data will be due to released tomorrow. 


Plan A : Above 24999, do nothing

Plan B : Below 24766, do nothing

Plan C : Consider intraday sell if market surges but fails to break above 24999

Plan D : Cut above 25186

Plan E : Attempt buying if market corrects but stays firm above 24766 and triggers a buy again

Plan F : Cut below 24662



FKLI


Market did performed fairly well last Friday as it hold firm above 1860 amid stronger Ringgit. It could open little changed today but undertone of the market should be improved after last Friday's performance


Holding a buy

Plan A : 1856.5-1871, do nothing

Plan B : Below 1856.5, liquidate

Plan C : Above 1871, consider taking profits first it couldn't hold firm

Plan D : Intraday sell can only be considered if market surges but fails to break above 1871

Plan E : Cut above 1874

 

 

FCPO

 

CPO continued to tumble amid strong Ringgit and weak beans. Market is expected to open gap down once again today with buyers preparing for the worst. Do not attempt to catch this falling knife as the bottom has yet to be seen

 

Plan A : Attempt selling if market ever rebounds to 2105-2110 level today

Plan B : Cut above 2120

Plan C : No buying to be attempted until market finds its bottom



*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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