HSI Futures

U.S. stocks edged lower on Monday on the heels of strong gains in the prior week, as investors weighed fluctuations in the dollar and its impact on other markets, including crude prices.

Hong Kong stocks rose on Monday, taking cues from bullish mainland China shares, which extended their winning streak to a ninth straight session. Focus today will turn to China's HSBC flash PMI data due to release at 9.45 am this morning. 

Holding short

Plan A : 24252-24507, do nothing

Plan B : Above 24507, cut

Plan C : Below 24252, consider taking profits if it gaps down and rebound

Plan D : Intraday buying to be considered if market holds firm above 24252 and rebounds

Plan E : Cut below 24252

FKLI

Market tumbled down at the final hour after failing to hold above 1803 level. A technical rebound could still be on the card if market could stays firm above 1788 today. Failure to do will see market diving further down and change the market mood to bearish.

Plan A : Attempt selling if market rebounds but fails to break above 1799.5

Plan B : Cut above 1805

Plan C : Consider buying if market manage to hold firm above 1788 and rebounds

Plan D : Cut below 1780

FCPO

FCPO had tight range yesterday with high at 2208 and low at 2173. Dalian and overnight soybean oil are roughly on the upside. Ringgit further strengthen today at RM 3.66 against the greenback.

So far there is no concrete signal which support the market direction as yet therefore trader may try to trade within consolidation range and avoid aggressive trading.

Plan A : Seller may sell if market could not breach around 2222. Target is 2173 and 2155. Place stop.

Plan B : Buyer may buy if market could support above 2173. Target is 2229. Place a stop.

Plan C : Above 2230, do nothing.

Plan D : Below 2170, do nothing.

*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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.