HSI Futures

Fears of a China-led global economic slowdown drove Wall Street to its steepest one-day drop in nearly four years on Friday and left the Dow industrials more than 10 percent below a May record.

China stock markets tanked more than 4 percent on Friday, taking weekly losses for the main indexes to nearly 12 percent and casting doubt over Beijing's ability to prevent another bout of panic selling as the market neared collapse again.

Plan A : Above 22630, do nothing

Plan B : Below 22093, do nothing

Plan C : Attempt selling if market fails to hold above 22420

Plan D : Cut above 22575

Plan E : Consider intraday long if market supports above 22093 and rebounds

Plan F : Cut below 22093

FKLI

Market did a remarkable recovery from an intraday low of 1536.5 before pushing to close at near day's high level last Friday. Many investors were being lured to attempt long over the weekend but the heavy fall in Dow and other regional markets plus the fact that RM is trading at 4.22 against USD is going to cause market to open gap down today. Investors without position might want to wait for market to stabilize before taking next trade.

Plan A : Attempt selling around 1553-1556, wait for rebound to sell if market opens way below this level

Plan B : Cut above 1564

Plan C : Intraday buying to be considered only if market holds firm above 1534 and rebounds

Plan D : Cut below 1534

FCPO

FCPO continue to sell down after the rebound at the opening hour. Dalian limit down this morning while soybean oil slumps. Ringgit recorded new low again this morning to RM4.24 and it is the historical low for now. Market is still on its sell trend, therefore, intraday investor might wanna take the chance to sell at rebound. Do not know where and when to enter a position? Ask us how at futures.coin@gmail.com

Plan A : Overnight seller hold on to position. Resistance is looking at 1991. Target is 1936,1898 and 1805.

Plan B : Intraday investor may sell if market could rebound and resist at 1974 or 1986. Target is 1936 and 1904.

Plan C : Buyer stay out of market.

Plan D : Above 1980, do nothing.

Plan E : Below 1930, do nothing.

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