HSI Futures

U.S. stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August as the latest housing data came in much weaker than expected, raising new concerns about the level of growth in the economy.

Hong Kong shares closed at two-month lows on Monday, as investors fretted that a private preliminary factory survey due on Tuesday could provide more evidence of a slowdown in China. Nikkei will be closed for Autumn Equinox Holiday today. 

Plan A : Above 24237, do nothing

Plan B : Below 23926, do nothing

Plan C : Consider selling if market recovers but fails to breach above 24082

Plan D : Cut above 24237

Plan E : Attempt buying if market holds firmly above 23926 and triggers a buy again

Plan F : Cut below 23926

FKLI

Market resumed its slump after failing to break away from its bearish mode. Buyers were seen scrambling for the exit door towards the closing minutes of yesterday's trading and eventually closed at day's low level.

Plan A : Attempt selling around 1842 if market were to rebound

Plan B : Cut above 1846

Plan C : Consider intraday buy if market test 1826 and rebound

Plan D : Cut below 1822

FCPO

FCPO slipped further to low of 2064 and recorded the highest rebound at 2093 towards the closing hour. Market was running on tight range after the gap down yesterday. Soybean oil and Dalian signal is quite mixed today but it  is likely that the market will open lower as overnight soybean oil traded weak before closed. Overall trend is still a sell, however with the ringgit at 3.25 against the greenback, the down side could be limited. This could be market correction instead. Fresh seller is advised to trade only if market to rebound near the resistance. If not, better stay out.

Plan A : Overnight seller hold on to position. Resistance is at 2118. Target is at 2043.

Plan B : Buyer need to stay out at this moment until the market stabilizes.

Plan C : Intraday investor sell if market could rebound and resisted at 2118. Target is 2043. Place a stop.

Plan D : Above 2120, do nothing.

Plan E : Below 2040, 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