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Daily Futures Trading Strategy 17 November 2014

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Publish date: Mon, 17 Nov 2014, 10:44 AM
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HSI Futures


U.S. stocks posted a fourth straight week of increases but ended Friday little changed as losses in healthcare shares offset gains in energy.


Hong Kong shares, swinging between gains and losses, finished up on Friday as expectations on Monday's launch of the Shanghai-Hong Kong stock connector outweighed losses for oil shares as U.S. crude futures dropped. Japan's economy shrank in the third quarter, data showed on Monday. This could lead to a lower opening for Asian markets today despite launch of Shanghai-Hong Kong Stock Connect. 


Plan A : Above 24173, do nothing

Plan B : Below 23696, do nothing
Plan C : Attempt selling if market fails to break above 24173 and triggers a sell

Plan D : Cut above 24292

Plan E : Consider buying if market holds firm above 23862 and triggers a buy

Plan F : Cut below 23696



FKLI


Market continued to find bottom at 1808 and hold firm last week despite declining 4-points for Friday's close. Sellers should not get over bearish for now if market were to be resilient and hold above 1808.


Plan A : Consider buying if market holds firm above 1812

Plan B : Cut below 1808

Plan C : Attempt selling if market surges but fails to break above 1821

Plan D : Cut above 1829



FCPO

 

FCPO continue to travel down South and bottomed at 2199 last Friday. Dalian and soybean oil markets are quite mixed in trading, whereas Ringgit is still weaken at RM3.34. Therefore, it is quite high chances of market consolidation today. However, market is still on sell signal, hence, range bound trader may take precaution.

 

Plan A : Intraday investor may attempt to sell if market could rebound and resist at 2228. Target 2192. Place a stop.

Plan B : Buyer stay out of market.

Plan C : Above 2230, do nothing.

Plan D : Below 2190, 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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