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Daily Futures Trading Strategy 20 August 2014

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Publish date: Wed, 20 Aug 2014, 10:12 AM
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HSI Futures


U.S. stocks ended higher for the second straight session on Tuesday, as robust housing data and strong earnings from Dow component Home Depot overshadowed lingering concerns about the conflict in Ukraine.


Hong Kong shares ended at more than six-year highs on Tuesday, in a catch-up to strong global markets and buoyed by strength in property companies. Focus will turn to tomorrow's China manufacturing PMI release at 9.45am. 


Plan A : Above 25186, do nothing

Plan B : Below 24831, do nothing

Plan C : Consider intraday sell if market gaps up but fails to break above 25186

Plan D : Cut above 25273

Plan E : Attempt buying if market corrects and holds firm above 24831

Plan F : Cut below 24766



FKLI


Market performed fairly well yesterday despite last minute sell down from 1871.5 to 1867.5. Market will have to regain its throne above 1871 today in order to have stronger push towards the 1890 level next.


Holding a long

Plan A : 1864-1880, do nothing

Plan B : Below 1864, liquidate

Plan C : Above 1880, consider take profits

Plan D : Consider intraday sell if market fails to break above 1874.5 today

Plan E : Cut above 1880

 

 

FCPO

 

Market proven to be weak after failing to hold above 2080. With market failing to hold above 2087, there is a possibility that market could dive towards the 1957 level in the near future. Buyers should continue to remain sideline till market bottomed out. 

 

Plan A : Attempt selling if market fails to break above 2081

Plan B : Cut above 2095

Plan C : No buying to be attempted unless market finds a bottom near 1957 level

Plan D : Cut below 1938




*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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