HSI Futures
U.S. stocks closed higher on Monday, lifted in a late rally driven by earnings from Warren Buffett's Berkshire Hathaway and broad gains across most sectors that helped the S&P 500 rebound from its largest weekly drop since 2012.
Hong Kong shares finished higher on Monday, with strong gains coming from Chinese financial and energy firms. Today's attention will turn to central banks' decisions in Australia and India.
Holding a long
Plan A : 24372-24736, do nothing
Plan B : Below 24372, cut
Plan C : Above 24736, consider taking profits if it retraces after a higher opening
Plan D : Consider turning sell only if market fails to break above 24679 and triggers a sell
Plan E : Cut above 24736
FKLI
Market made a remarkable recovery after rebounding from an intraday low of 1858.5 before settling at 1871.5. Market could potentially steadied itself by holding above 1871.5 today. Another successful close above 1871.5 would bring cheers to the buyers
Plan A : Attempt buying if market stays firm above 1871.5
Plan B : Cut below 1865.5
Plan C : Consider intraday sell if market surges but fails to break above 1881.5
Plan D : Cut above 1887
FCPO
FCPO has been performing a zigzag movement over the past few days and it yet signal is still unclear. Overnight soybean oil was up by 57 cents and it is not surprised to see a high opening.
Plan A : Overnight buyer may hold on to position as long as 2246 is not breached. Target is 2342 and 2390.
Plan B : Fresh buyer may buy if market could support above 2264. Intraday target is 2320. Could consider to hold overnight if market could close above 2300.
Plan C : Seller may stay out of market.
Plan D : Above 2320, do nothing.
Plan E : Below 2240, 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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