Hong Kong Financial News

Plan for the day:

Down day today due to two reasons:

1) US stock markets down last Friday

2) Chinese government increased bank reserve ratio for the third time this year over the weekend

Since mainland market is closed due to labor day holiday, there should not be much news during the day. My forecast is that HSI and HSCEI will both open low, rise a little bit in the 1st hour and then will continue its downtrend throughout the day

Intra-day: Buy HSI or HSCEI bear cert in the morning and sell after a few upticks.

Longer term strategy:

Since HSI and HSCEI are both very close to their 250 day moving averages, this is definitely a buying opportunity. Therefore, I plan to buy some bull certs on HSI, HSCEI right before market closes today. Hopefully, the market will be at its lowest point in the last hour of trading.

May 3rd, 2010 | Tags: 250 day moving average, bear cert, bull cert, HSCEI, HSI | Category: General Trends | Leave a comment

The Dow drops over 500 points last week and it dropped 146 points on Friday. Oil is at its all time high as well. Hong Kong stock market will definitely open down tomorrow. It seems like the bears have come back and stocks will continue to be weak this week. Better to buy some put on the HSI / HSCEI to protect your gain.

May 25th, 2008 | Tags: hang seng index, hong kong stock market, HSCEI, Oil Price, Put | Category: General Trends | Leave a comment