HSI Futures
U.S. stocks ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China added to concerns about weakening growth in the world's second-largest economy.
Hong Kong's benchmark Hang Seng index ended lower on Monday, tracking China indexes on weak factory activity, but buying interest in HSBC after it posted forecast-beating results pulled the blue-chip index off its low.
Plan A : Above 24530, do nothing
Plan B : Below 23856, do nothing
Plan C : Attempt selling if market stays below 24380
Plan D : Cut above 24460
Plan E : Consider intraday buy if market holds above 24200 and rebounds
Plan F : Cut below 24100
FKLI
Market surged up fiercely right after cash market closed as late foreign buying pushed market to close at day's high level. Cash market might correct at today's opening and sellers should stay vigilant. Any minor corrections might presents the best opportunity to cover their position.
Plan A : Attempt buying if market retrace and holds firm above 1714
Plan B : Cut below 1709
Plan C : Consider intraday selling only if market surges but fails to break above 1732.5
Plan D : Cut above 1738.5
FCPO
FCPO slumped yesterday breaking the major support at 2070, and subsequently visited the new low at 2049. Dalian and soybean oil are slightly weak today while Ringgit has further dived to RM3.86 against the US Dollar, recording the new low in Ringgit. Though with weak Ringgit, market doesn't seems to rebound but plunged. Overview of the market is still heading South, seller may avoid to sell too low.
Plan A : Overnight seller may have taken profit as the target is reached. If you have not, resistance is looking at 2072. Target is 2000.
Plan B : Intraday investor may sell if market could rebound and resist at 2072. Target is 2035 and 2025.
Plan C : Buyer may stay out until market started to stabilize.
Plan D : Above 2180, do nothing.
Plan E : Below 2020, do nothing.
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*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.
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