HSI Futures
The Nasdaq on Monday closed above 5,000 for the first time since the year 2000 dot-com bubble as tech stocks were boosted by deals, while the S&P 500 and Dow indexes hit records after economic data pointed to a slowly accelerating economy.
Hong Kong shares edged up on Monday after China's central bank cut interest rates to support the slowing economy.
Holding long
Plan A : 24592-25096, do nothing
Plan B : Below 24592, cut
Plan C : Above 25096 , consider taking profits
Plan D : Consider turning sell if market fails to break above 24854
Plan E : Cut above 24952
FKLI
Market retraced all the way from morning high of 1826.5 before rebounding in the final hour. Market look likely to stay firm above 1812.5 for the time being. Any dips could represent opportunity to buy.
Plan A : Attempt buying if market stays above 1819 today
Plan B : Cut below 1812.5
Plan C : Consider intraday sell if market surge but fails to break above 1830
Plan D : Cut above 1836
FCPO
FCPO leaped to 6-weeks high to 2379 and closed at 2373. Dalian and soybean oil are up while Ringgit remains at RM 3.62 against the greenback.
Plan A : Overnight buyer hold on to position. Support is looking at 2324. Target is 2395 and 2467.
Plan B : Intraday investor may buy if market could support above 2353 and 2340. Target is 2395.
Plan C : Seller may stay out.
Plan D : Above 2370, do nothing.
Plan E : Below 2320, 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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