HSI Futures

U.S. major indexes had great sell-off on Monday, it only regain its losses when the close approached. Dow ended 275 points lower while S&P 500 and NASDAQ closed 31 points and 104 points lower respectively.

Asian markets majority traded lower following the rapid slump from the China equities market. Hang Seng also ended 787 points lower on Monday with the effect from China.

Plan A : Sell if market could rebound and resist around 21461. Target is 20985.

Plan B : Buy if market starts to consolidate for almost the first session and support well above 21219. Targets are 21486 and 21657.  

Plan C : Above 21500, no fresh position.

Plan D : Below 21200, no fresh position.

FKLI

Market was overwhelmed by the sell-off of the China market and it followed. FKLI had great selling trend yesterday. Today market had strong rebound and seller may have to give way unless opportunity sneak in.

Plan A : Buy if market support above 1644. Targets are 1657 and 1667.

Plan B : Sell if market overshot and resisted around 1675. Targets are 1662.5 and 1657.

Plan C : Below 1637, no fresh position.

Plan D : Above 1680, no fresh position.  

FCPO

FCPO slowly moved downwards on Monday again triggering the sell signal. Overnight soybean oil was trading weak while Dalian stays at negative territories. Ringgit traded at RM4.33 against the greenback.

Plan A : Overnight seller hold on to position. Resistance is 2462. Targets are 2394, 2370 and 2324.

Plan B : Sell if market could rebound and resist at 2439. Targets are 2416 and 2394. 

Plan C : Buy if market gap down during opening and support above 2394. Target is 2429 and 2439. Only applies during opening. 

Plan D : Above 2440, no fresh position.

Plan E : Below 2394, no fresh position.

*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.