HSI Futures

U.S. stocks ended higher on Monday on investor hopes for a strong earnings season, but IBM's disappointing results limited gains.

Hong Kong shares finished slightly higher on Monday, underpinned by positive U.S. economic data and in line with regional bourses, but investors stayed cautious due to recent volatility. Focus will be on China's Q3 GDP data due to release this morning. Malaysia and Singapore will be closed for Deepavali holiday tomorrow. 

Holding long

Plan A : 22851-23405, do nothing

Plan B : Below 22851, cut

Plan C : Above 23405, consider taking profits if it retrace after a higher opening

Plan D : Consider turning sell only if market stays trading below 23043

Plan E : Cut above 23405

FKLI

Market failed to breach above 1800 level yesterday and settled at 1794.5 eventually. Market was seen gaining a little more momentum in the morning session but sustainability of it being questioned after failing to breach above 1800

Holding short

Plan A : 1763-1809, do nothing

Plan B : Above 1809, cover short

Plan C : Below 1763, consider taking profits if it recovers fast

Plan D : Intraday buying to be considered only if market holds firm above 1784

Plan E : Cut below 1781

FCPO

FCPO consolidated and started to narrow down its daily range. Dalian and soybean oil are slightly down and therefore, investor could expect a mere change during opening. Market has sign of recovery but this is yet to confirm 'till it triggers a buy signal. Ringgit strengthen at RM3.25 today.

Plan A : Overnight seller exit today if 2120 is supported. Target is 2068.

Plan B : Intraday investor could buy if market could support above 2120. Target is 2163. 

Plan C : Above 2170, do nothing.

Plan D : Below 2110, 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