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Daily Futures Trading Strategy 9 August 2016

Futurescoin
Publish date: Tue, 09 Aug 2016, 10:31 AM
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HSI Futures


Wall Street receded from record highs on Monday as a drop in healthcare stocks offset gains caused by higher oil prices and a strong jobs report.


Hong Kong stocks advanced to eight-month highs on Monday, tracking gains in Asian markets, as strong U.S. jobs data on Friday lifted investors' risk appetite globally. On the data front, China's inflation numbers were due around 9.30 am local time today. 


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Plan A : Above 22691, do nothing

Plan B : Below 22240, do nothing

Plan C : Consider selling if market open gap up but fails to break above 22691

Plan D : Cut above 22761

Plan E : Attempt buying if market corrects and holds firm above 22350

Plan F : Cut below 22280



FKLI


FKLI continues its up surge yesterday, holding above 1663 throughout the day. Market might have a muted opening today but a successful close above 1666 would be enough for market to firm up its footing before it rallies higher. Sellers are advised to stays sideline for the time being, or at least wait till there is a sell signal before entering the market.


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Plan A : Attempt buying if market stays firm above 1666

Plan B : Cut below 1660

Plan C : Consider intraday selling if market surges and fails to breach above 1675.5

Plan D : Cut above 1679



FCPO


FCPO swang its way up to 2448 yesterday after visiting the low at 2409 at the opening. Dalian and overnight soybean oil are at the upside while Ringgit continue to hover around RM4.02 to RM4.03 against the greenback.


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Plan A : Sell if market opened higher and resisted around 2458. Targets are 2439, 2429, 2420 and 2403.

Plan B : Buy if market supported above 2431. Targets are 2458, 2470 and 2513.

Plan C : Above 2458, no fresh position.

Plan D : Below 2431, 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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