HSI Futures
Wall Street closed little changed in light trading on Monday as consumer discretionary gains countered losses in energy shares and investors laid low ahead of a U.S. Federal Reserve meeting.
Hong Kong stocks rose more than 1 percent on Monday, aided by sharp gains in mainland shares and a rally in global markets as oil prices climbed further.
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Plan A : Above 20537, do nothing
Plan B : Below 20245, do nothing
Plan C : Attempt buying if market holds firm above 20342
Plan D : Cut below 20245
Plan E : Consider intraday selling if market gap up but fails to break above 20537
Plan F : Cut above 20600
FKLI
Market retraced after hitting an intraday high level of 1709 yesterday. Profit taking activities were seen after FKLI failed to break above its immediate resistance level of 1709. It will be important for market to at least hold above 1692 today if it were to remain positive for now.
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Plan A : Attempt selling if market fails to hold above 1701
Plan B : Cut above 1705
Plan C : Consider buying if market corrects and rebounds from 1692
Plan D : Cut below 1687
FCPO
FCPO attempted to breach the recent high at 2648 on Monday but in vain. Instead, market went down South 'till the close. Dalian and soybean oil are rather weak today while Ringgit stays at RM4.12.
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Plan A : Wait for prices to stabilize. Buy if market could support above 2578 or 2586. Targets are 2635, 2648 and 2676.
Plan B : Sell if market rebounded and resisted around 2612. Targets are 2592, 2586 and 2578.
Plan C : Above 2612, no fresh position.
Plan D : Below 2578, 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.
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