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Daily Futures Trading Strategy 7 November 2014

Futurescoin
Publish date: Fri, 07 Nov 2014, 10:19 AM
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HSI Futures


U.S. stocks edged up in a volatile session on Thursday, with the Dow and S&P 500 hitting fresh record closing highs on an indication that the European Central Bank would take more policy action if needed to boost a struggling euro zone economy. 


Hong Kong shares fell on Thursday, dampened by consolidation after recent rallies and uncertainty over the progress of a cross-border share scheme between Shanghai and the city.


Holding long

Plan A : 23501-24113, do nothing

Plan B : Below 23501, cut

Plan C : Above 24113, take profits if market couldn't sustain

Plan D : Consider intraday sell if market fails to break above 23807 and retrace

Plan E : Cut above 24113



FKLI


Market officially triggered a sell signal yesterday, testing an intraday low of 1831.5 before settling at 1835.5. Market could recover a little today if it were to follow leads from overnight Dow and other Asian markets. However, gains could be limited as investors might be waiting to sell whenever there's a rebound in the market.


Plan A : Attempt sell if market fails to break above 1841

Plan B : Cut above 1845

Plan C : Consider intraday buy if market dips but holds firm above 1825.5

Plan D : Cut below 1822

 

 

FCPO

 

FCPO broke below several major supports yesterday, triggering panic selling along the way. Market however, could open slightly higher today after bean and dalian market showing positive signs thus far. Technical rebounds could kick in today but gains could be capped after sentiments got beaten down.

 

Plan A : Attempt selling if market fails to break above 2247

Plan B : Cut above 2255

Plan C : Consider intraday buy only if market supports firmly above 2213

Plan D : Cut below 2197



*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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