HSI Futures

The S&P 500 edged up to close at a record high on Monday as deal activity worth $100 billion offset concerns about overseas growth after Japan's economy slipped into recession.

Hong Kong shares opened up 0.9 percent on Monday as investors cheered the first day of trading of the landmark Shanghai-Hong Kong stock connect scheme. However, the surge was shortlived as market tumbled more than 1 percent for the close after the earlier excitement fizzled out. 

Plan A : Above 24075, do nothing

Plan B : Below 23642, do nothing

Plan C : Attempt selling if market rebounds but fails to break above 23909

Plan D : Cut above 24075

Plan E : Consider buying if market holds firm above 23642 and triggers a buy

Plan F : Cut below 23642

FKLI

Market tumbled and closed at day's low level after failing to hold above 1808. Market could do some technical rebound today but recovery could be mild as investors are turning cautious after yesterday's sell down.

Holding short

Plan A : 1793-1816, do nothing

Plan B : Above 1816, cover short

Plan C : Below 1793, consider taking temporary profits

Plan D : Consider intraday buy only if market test 1793 and rebounds

Plan E : Cut below 1786

FCPO

FCPO closed higher yesterday at the eleventh hour. Market has possibility of undergoing consolidation and it might be a better bet for short term investor. Dalian and soybean oil markets trading weak this morning so do Ringgit trading at RM3.34 against USD.

Plan A : Intraday investor may sell if market could not break 2242. Target is 2192.

Plan B : Buyer may stay out of market.

Plan C : Above 2250, do nothing.

Plan D : Below 2210, 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