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Daily Futures Trading Strategy 3 October 2014

Futurescoin
Publish date: Fri, 03 Oct 2014, 10:23 AM
Futurescoin
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HSI Futures


U.S. stocks ended nearly unchanged on Thursday, while small-cap shares rebounded to end 1 percent higher. Movements were tight ahead of tonight's job data. 


Hong Kong market will resume trading after off for two days with South Korea closed today for National Foundation Day Holiday while Malaysia and Singapore shut on coming Monday for Hari Raya Haji. 


Plan A : Above 23071, do nothing

Plan B : Below 22644, do nothing

Plan C : Attempt selling if market rebounds but fails to break above 22996

Plan D : Cut above 23193

Plan E : Consider buying only if market supports well above 22856 and triggers a buy

Plan F : Cut below 22644



FKLI


Market was visibly weak despite recovery in RM against USD. FKLI is expected to remain bearish as long as it stays below 1840.


Plan A : Attempt selling around 1839-1840

Plan B : Cut above 1844

Plan C : Intraday buying can be considered if market were to hold firm above 1826

Plan D : Cut below 1820

 

 

FCPO

 

FCPO lost steam yesterday amid stronger RM. Market could recover a little in the morning opening but sustainability of it would be questioned. Any rebounds could be weak as sentiment dampened after yesterday's sell down from 2211.

 

Plan A : Attempt selling if market were to rebound but fails to break above 2172

Plan B : Cut above 2194

Plan C : No buying to be attempted today unless market dives but holds firm above 2125

Plan D : Cut below 2097

 



  *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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