HSI Futures
U.S. stocks ended mostly flat in a holiday-shortened session on Friday as a massive decline in the energy sector offset strength in consumer names, but major indexes rose for a sixth straight week.
Hong Kong shares ended November slightly down, despite an ongoing rally in mainland indexes and in Hong Kong-listed Chinese companies. China's monthly PMI and Australia's Q3 GDP will take the spotlight today.
Plan A : Above 24177, do nothing
Plan B : Below 23909, do nothing
Plan C : Consider selling if market fails to break above 24177 and triggers a sell
Plan D : Cut above 24349
Plan E : Attempt buying if market consolidates well above 23909
Plan F : Cut below 23807
FKLI
Market plunged on last trading day of October last week as crude oil prices tumbled down. Market is expected to be lackluster today as Ringgit weaken to 3.40 against greenback.
Holding sell
Plan A : 1792-1828, do nothing
Plan B : Above 1828, cover position
Plan C : Below 1792, consider taking profits
Plan D : Consider intraday buy only if market tests and holds firmly above 1806
Plan E : Cut below 1803
FCPO
FCPO tumbled to low of 2150 last Friday and it eventually closed at 2172. Market is relatively weak despite the fact that Ringgit has further weaken to RM3.42 against the greenback. Dalian has limit down for the first session and the weak overnight soybean oil may trigger new low to the market opening.
Plan A : Overnight seller hold on to position. Resistance is 2172. Target is 2064.
Plan B : Seller may sell if market rebounded and could not break 2150. Target is 2104.
Plan C : Above 2170, do nothing.
Plan D : Below 2100, do nothing.
Plan E : Buyer stay out of market.
*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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