HSI Futures
The S&P 500 dropped more than 1 percent and posted its worst three-day slide since November 2011 on Monday following worries that global economic weakness will dampen U.S. earnings, along with concern about the spread of Ebola.
Hong Kong shares erased morning losses on Monday due to strength in blue-chip stocks led by China Mobile, which rose after signing a business deal with Deutche Telekom. Nikkei will resume trading today after being shut for a public holiday yesterday. Singapore Q3 GDP released this morning misses forecasts.
Plan A : Above 23356, do nothing
Plan B : Below 22974, do nothing
Plan C : Consider buying if market were to correct but stays firm above 23079
Plan D : Cut below 22974
Plan E : Attempt selling if market fails to hold above 23079 and triggers a sell again
Plan F : Cut above 23356
FKLI
Market continued to slump after failing to hold above 1803. Market is expected to open lower once again today. Failure to hold above 1790 would see market diving towards 1781 next.
Plan A : Attempt selling near 1803
Plan B : Cut above 1809
Plan C : Intraday buying to be considered only if market holds firmly above 1781
Plan D : Cut below 1775
FCPO
FCPO was trading quite flat yesterday until some selling pressure is exerted at the eleventh hour. Overnight soybean oil and Dalian markets were trading with positive net change, therefore, the opening price is higher. Ringgit is strengthened slightly at 3.24 against the greenback today.
Plan A : Overnight seller hold on to position. Resistance is 2212. Target is 2120.
Plan B : Intraday investor might want to trade within the range of 2198 to 2143.
Plan C : Long term buyer stay out of market.
Plan D : Above 2200, do nothing.
Plan E : Below 2140, 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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