HSI Futures

U.S. stocks rallied on Monday as the U.S. dollar eased back from its recent peak and worries eased about the timing of a Federal Reserve interest rate hike.

Hong Kong shares rose on Monday in step with strong gains in mainland markets on expectation that China will loosen policy to bolster its slowing economy, but analysts say the strengthening U.S. dollar is having a negative effect on Hong Kong stocks.

Holding long

Plan A : 23757-24170, do nothing

Plan B : Below 23757, cut

Plan C : Above 24170, consider taking profits if market couldn't hold firm

Plan D : Consider intraday selling if market fails to break above 23964 and retrace

Plan E : Cut above 24042

FKLI

Market once again recovered from its lower opening and closed high. Market could have found a temporary support near the 1760 level.

Plan A : Attempt buying if market holds firm above 1773.5

Plan B : Cut below 1770

Plan C : Consider selling if market surges but fails to break above 1787.5

Plan D : Cut above 1795

FCPO

FCPO halted its downwards movement after visiting the low at 2172. It rebounded during the second session and closed at 2198. Dalian and soybean oil are quite mixed today while Ringgit slightly rebounded against the U.S. Dollar at RM 3.69.

Plan A : Overnight seller hold on to position. Resistance is looking at 2226. Target is 2151 and 2101.

Plan B : Intraday investor may sell if market could rebound and resist at 2211. Target is 2168 and 2151.

Plan C : Buyer may stay out.

Plan D : Above 2230, do nothing.

Plan E : Below 2200, 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