HSI Futures

U.S. stocks finished sharply lower on Monday and were on track for their worst quarter in four years as investors worried about the health of China's economy and its potential impact on the timing of a U.S. interest rate increase.

China stocks inched up in thin trading on Monday, as investors remained cautious while shrugging off data showing profits of Chinese industrial companies in August declined at the sharpest rate in four years. Hong Kong markets will reopen today after closing for Mid Autumn Festival while Korea will be shut for Chusok Day celebration. 

Plan A : Above 21350, do nothing

Plan B : Below 20951, do nothing

Plan C : Attempt selling if market trades below 21120

Plan D : Cut above 21224

Plan E : Consider intraday buy only if market holds firm above 20951 and triggers a buy

Plan F : Cut below 20951

FKLI

Market consolidated yesterday but it look likely to trade lower today after a 312-points fall from overnight Dow. Failure for Oct month contract to hold above 1575 today or cash market trades below 1604 today, a new bear trend could be formed. However, investors are advised not to be over bearish as crude palm oil prices could help lifting plantation counters up and hence holding up the index prices.

Oct month contract:

Plan A : Attempt selling if market rebounds but fails to break above 1590

Plan B : Cut above 1596

Plan C : Consider intraday buy only if market stays firm above 1575 and rebounds

Plan D : Cut below 1570

FCPO

FCPO had a great bull run yesterday with more than 100 points from the difference of high and low. Dalian and soybean oil are quite weak this morning while Ringgit nailed down to RM4.468 against the greenback. Market is very overbought at this stage, therefore investor may expect some correction before the next trend.

Plan A : Overnight buyer may exit if market breaks supports at 2372 and 2355. Target is 2432.

Plan B : Intraday investor may sell if market could rebound and resist at 2372 or 2394. Target is 2355 and 2337.

Plan C : Buyer may stay out until market stabilized. 

Plan D : Above 2390, do nothing.

Plan E : Below 2350, 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.