Shanghai charging up

Shanghai red

since it is unlikely to be up a lot or down a lot, there is no need to buy anything before 9:30am. Let's see after 9:30am

US$ = RM3.972

export-based counters may drop further

Dow was red. HSI is probably going to be red also, or limited upside even though it is green. Still the sentiment should be bullish. Will buy call when it is cheaper.

looks like European market are down because of the explosion at Brussels airport. Most likely markets will recover

not sure why the weakness...

Explosions hit Brussels airport
http://www.investing.com/news/world-news/belgian-media-say-explosions-at-brussels-airport,-several-injured-391231

Japan weak PMI numbers
http://www.investing.com/news/economic-indicators/japan-march-manufacturing-activity-contracts-as-export-orders-tumble:-flash-pmi-391198

US$ = RM3.99

export-based counters may drop further

HSI looks stable for now...

last night the US Existing Home Sales data were worse than expected. 2 Federal Reserve officials supported the case for a hike in interest rates sooner rather than later.

Atlanta Fed President Dennis Lockhart said there was sufficient economic momentum to justify a further rate hike "possibly as early as the meeting scheduled for end of April".

San Francisco Federal Reserve Bank President John Williams told Market News International that April or June would be "potential times for a rate hike." if economic data provides a backdrop for such a policy move.

quiet day

anyway I think the sentiment is still bullish... and we have to wait another good news to see world markets rally again

let's see if 20,600 can hold or not

Why play C when Dow only up 0.12% last night? Slightly bad news yesterday

Wei Jie Yau, you should have sold your C14 when HSI turned red around 10am

because HT runs out of inventory, the best next thing is probably HU. Anyway, keep an eye on HT

no data today, so probably limited upside anyway

Dow future is red... I am afraid HSI will open high and drop later.

later I am not around computer so I will not play today

NEWHAND, you are right. We are paying premium for warrants and the premium shrinks more and more when it is getting nearer to expiry date.

For this reason, it is better to buy C14 for intra-day trade and C17 for longer trade but most likely C14 will provide the bigger move.

C14's value may have lost about 2 sen after the weekends but if HSI up a lot, C14 may increase big enough to offset this loss of value.

Let's observe when the market maker start working at 9:15am

almost closing time, wait next week. Like KLCI, already up 2 days. Probably will rest a bit

not around computer for a few hours. Already clear everything and now sideline

if you want to play for small profit, make sure you only play small lots. Not worth the risk.

see if Shanghai will drop in the 2nd half and brings down HSI as well

Shanghai nice uptrend, I have been thinking we should suggest Macquarie to create index-based warrants based on Shanghai market.

at this level, hopefully everyone is happy going for lunch

It is a good idea to clear part or all of your warrants before lunch break because we can not act during 1pm-2:30pm when HSI is in session

Shanghai is moving up again

already tested 20,600 3 times today in just 45 minutes... interesting

if 20,600 can not hold...I will wait around 20,500

C14 is mainly for intra-day trading since it is close to expiry... unless there is a big news/data the next day. Buy C17 if you want to hold longer term

Wei Jie Yau, you take profit bit by bit

it's testing 20,600 now

Shanghai market nice

Wei Jie Yau, you are advised to sell your C14 today. It loses value about RM0.01 per day if the future index remains constant. And we have weekends 2 days coming up

I posted this last week:
as you know, warrants lose value faster when they approach expiry date. How bad is it? Here is an example.

HSI-C14, expiry on 30 March 2016, exercise price 20,200. Assuming HSI future constant at 20,200, and constant Implied Volatility at 31.4%

March 8 RM0.352
March 9 RM0.344
March 10 RM0.336
March 11 RM0.328
March 12 RM0.319
March 13 RM0.311
March 14 RM0.302
March 15 RM0.292
March 16 RM0.283
March 17 RM0.273
March 18 RM0.262
March 19 RM0.252
March 20 RM0.240
March 21 RM0.228
March 22 RM0.215
March 23 RM0.202
March 24 RM0.187
March 25 RM0.171
March 26 RM0.153
March 27 RM0.133
March 28 RM0.109
March 29 RM0.077
March 30 0

HSI-C14 loses about 1 sen a day with 2-3 weeks remaining, and loses about 2-3 sen a day with 1 week remaining. Therefore it is more suitable for intra day trade as it approaches expiry date.

- you can get the info above from
https://www.malaysiawarrants.com.my/tools
- select Tool and Charts menu
- select Warrant Calculator
- enter the name of the warrant in the search box, eg HSI-C14

I sold C14 partially at RM0.36

if HSI opens high again, just take some profit first. Like yesterday from 20600 to 20440.

To read about US market summary at the end of the day, please visit

https://www.briefing.com/investor/markets/stock-market-update/

but company warrants must wait longer. I know some traders are playing index-based warrants everyday, and often a few times per day.

company warrants are safer and possible can earn as much as index-based warrants

Wei Jie Yau, you should not put most of your capital in risky warrants. Some more you are newbie

lengjoe, usually I only play small during intra-day if I play rebound or pull back. Like today earn small money 1-2 sen but suddenly minus 2 sen

lengjoe, most markets are strong. The market sentiment is bullish. But of course some may argue it is close to short-term peak.

most markets will follow the Dow

Wei Jie Yau, you can check the HSI future now

http://etnet.com.hk/www/eng/futures/index.php

Usually HSI will follow the Dow

lengjoe, I am told not to put more than 10% of capital into risky instruments like warrants. Of course you can ignore this advice if you win more often than you lose

Wei Jie Yau, I thought you earned some good money this morning? Did you take profit?

Wei Jie Yau, I always say we can only make prediction in the morning. Have to see how the Dow ends the day, how the oil ends the day and have to check the latest news

thanks to some nice data from US especially Philadelphia Fed Manufacturing Index and JOLTs Job Openings, it helps turning the Dow to positive

someone posted link to daily technical analysis about HSI market the other day, is it you, eagle100? Anyway, thanks for the link

http://www.cityindex.com.sg/market-talk/technical-news/