HSI Futures

U.S. stocks closed down on Monday as many investors put off making big bets ahead of the Federal Reserve's policy meeting this week and others worried about weak economic data from China.

Hong Kong shares rose on Monday, but the gains were limited by a sharp correction in mainland stocks, as investors await this week's rate decision by the U.S. Federal Reserve.

Plan A : Above 21804, do nothing

Plan B : Below 21307, do nothing

Plan C : Consider selling if market stays below 21530

Plan D : Cut above 21710

Plan E : Attempt buying if market trades firmly above 21530

Plan F : Cut below 21450

FKLI

A RM20bil package to support undervalued stocks through ValueCap sent our market higher in afternoon session yesterday. A round of fiery buying by local institutions were seen after Prime Minister announced several measures to stabilize the money markets. Market might temporary stay positive for the time being but some profit taking activities could kick in before market close today ahead of the red shirt rally tomorrow.

Plan A : Wait for minor pullback before entering buy, possibly around the 1615 level if it holds firm

Plan B : Cut below 1602

Plan C : Selling to be considered only after market test 1662-level and fails to break through

Plan D : Cut above 1667

FCPO

FCPO stubbornly edged up on Monday like there is no tomorrow. Unlike last Friday, buyer held on to position overnight as there was no selling off near closing bell. Dalian and soybean oil are quite strong today while Ringgit remains at RM4.30 against the US Dollar.

Plan A : Fresh seller and intraday investor may sell if market resisted at 2196 or 2211. Target is 2173 or 2133. Hold overnight if support is broken. Subscriber wait for signal. 

Plan B : Buyer may stay out.

Plan C : Above 2210, do nothing.

Plan D : Below 2130, 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.