HSI Futures

U.S. stocks rose on Tuesday on hopes that Greek debt negotiations could result in a deal that stabilizes Europe, while Apple helped lift the S&P 500 and Nasdaq as it became the first U.S. company worth more than $700 billion.

Hong Kong shares erased earlier losses and ended flat on Tuesday, as rebounding mainland stocks eased worries stemming from overnight weakness in global equity markets. Japan markets are shut today for National Founding Day celebration.

Holding short

Plan A : 24303-24643, do nothing

Plan B : Above 24643, cover short

Plan C : Below 24303, consider taking profits if market rebounds after a lower opening

Plan D : Consider turning buy only if market holds firmly above 24303 and triggers a buy

Plan E : Cut below 24303

FKLI

Market continued to hold firm despite earlier worries on Anwar's verdict. Market is expected to stay resilient as long as it stays trading above 1800.

Plan A : Attempt buying as long as market stays above 1800

Plan B : Cut below 1795

Plan C : Consider selling only if market surges and fails to break above 1818

Plan D : Cut above 1823

FCPO

FCPO continue with market correction after the rally and recorded a low of 2294. Dalian is slightly up whereas soybean oil was down 0.59 cents. Therefore, market might open lower today. Ringgit is weaker today at RM 3.58 against the greenback.

Plan A : Overnight buyer exited market as support was breached yesterday. If you have not, please exit today.

Plan B : Seller may sell if market could rebound and resisted at 2310. Target is 2273 and 2231.

Plan C : Buyer may stay out today.   

Plan D : Above 2310, do nothing.

Plan E : Below 2270, 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