HSI Futures

Wall Street ended lower on Monday and wrapped up its worst month since 2012 after comments from a senior Federal Reserve official heightened fears among investors of a potential U.S. interest hike in September.

Hong Kong stocks were almost flat on Monday, capping a volatile month in which major indexes registered their worst performance in nearly four years amid global market turmoil triggered by concerns over the Chinese economy. Investors will be looking at China's PMI data due at 9 am local time today. Reuters poll expected manufacturing activity to hit a three-year low at 49.7.

Plan A : Above 21700, do nothing

Plan B : Below 21370, do nothing

Plan C : Attempt selling if market rebounds but fails to break above 21550

Plan D : Cut above 21640

Plan E : Consider intraday long if market supports well above 21370 and rebounds

Plan F : Cut below 21370

FKLI

Market continued its up surge last Friday before there was a sell down right before market close due to fears of the weekend Bersih rally. However, Bersih rally ended peacefully and it may help market to rebound a little today by closing the discount gap with cash market.

Plan A : Attempt buying if market regains its footing above 1589 level

Plan B : Cut below 1576

Plan C : Consider intraday sell only if market test 1609 level and fails to breach through

Plan D : Cut above 1614

FCPO

Market surged up strongly before going into long Merdeka Day holiday last Friday. Market is expected to open slightly firmer today after bean and dalian performed relatively well during our absence yesterday. Buyers however, might want to consider taking some profits it starts to exhaust on its way up.

Plan A : Overnight buyer hold on to position. Support looking at 1972. Target 2026 and 2055

Plan B : Intraday investor sell if market retrace after touching a high of 2026

Plan C : Buyer must not chase but wait for retracement to buy if market holds firm above 1972

Plan D : Above 2030, do nothing.

Plan E : Below 1970, do nothing. 

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