HSI Futures
U.S. stocks ended lower in a volatile session on Monday as oil prices extended their selloff, adding to worries about weak global demand.
Hong Kong shares finished down on Monday despite a late afternoon rally on mainland indexes, as Hong Kong investors sold off China-related financials and real estate names. HSBC's flash PMI data for China is due at 9.45am this morning with figure forecasted at 49.8 vs previous month's reading of 50.0.
Plan A : Above 23228, do nothing
Plan B : Below 22729, do nothing
Plan C : Consider selling if market fails to break above 23100
Plan D : Cut above 23228
Plan E : Consider intraday buy if market holds firm above 22847 and rebounds
Plan F : Cut below 22729
FKLI
Market tumbled heavily yesterday, breaking below 1700 level before settling at 1704.5 for the day. Selling pressure is expected to stay for the time being. Failure to hold above 1691 would trigger more long liquidation along the way.
Plan A : Attempt selling if market fails to break above 1707
Plan B : Cut above 1711
Plan C : Consider buying only if market dives towards 1655.5 level and holds firm
Plan D : Cut below 1639
FCPO
FCPO continue to move side-way within range of 2188 to 2154. Dalian and soybean oil markets trading slightly weak in the morning session, therefore, investor might expect market to open lower during opening hour.
Plan A : Intraday investor might sell if market could not break 2176. Target is 2119.
Plan B : Buyer may stay out until market stabilizes.
Plan C : Above 2180, do nothing.
Plan D : 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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