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Daily Futures Trading Strategy 8 January 2016

Futurescoin
Publish date: Fri, 08 Jan 2016, 10:51 AM
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HSI Futures


U.S. stocks sold off further on Thursday, giving the Dow and S&P 500 their worst four-day starts to a year ever, dragged down by another drop in Chinese equities and oil prices at 12-year lows.


Hong Kong's benchmark stock index fell to its lowest since mid-2013 on Thursday, as panic from China's 7 percent market free-fall spilled over the border.


Plan A : Above 20520, do nothing

Plan B : Below 20227, do nothing

Plan C : Attempt selling if market rebounds but fails to break above 20520

Plan D : Cut above 20630

Plan E : Consider intraday long if market holds firm above 20227 and rebounds

Plan F : Cut below 20227



FKLI


Market continue to show weakness with market closing near day's low level. Market look likely to continue heads south today after overnight Dow lost 392-points. Failure to hold above 1644 would see market heading towards levels such as 1637/1630/1621.5 next.


Plan A : Wait for rebound to sell, possibly between 1653-1656

Plan B : Cut above 1663

Plan C : Intraday buying to be considered only if market rebounds from 1637 level

Plan D : Cut below 1637



FCPO


FCPO showed sign of breakdown on Thursday triggering low at 2405 though there was some hiccups towards the close. Dalian and soybean oil are slightly up while Ringgit strengthen to RM4.36 against the greenback.


Plan A : Overnight seller hold on to position. Resistance is 2445. Targets are 2390 and 2376.

Plan B : Sell if market rebounded and resisted around 2436 or 2445. Targets are 2417, 2390 and 2376.

Plan C : Buy if market consolidated and supported above 2417. Targets are 2445 and 2462.

Plan D : Above 2445, no fresh position.

Plan E : Below 2417, no fresh position.

 

 


*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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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