HSI Futures
The Dow and S&P 500 eased from record highs on Friday as tepid data dampened investor confidence in the economy's expansion, while the Nasdaq inched up to a second straight record high close.
Hong Kong shares powered to a nine-month high on Friday, taking cues from Wall Street's records overnight, with energy shares leading the charge on higher oil prices. Japan kicked start the day with its second quarter GDP which showed a slower growth at 0.2%. Korea market is close today in conjunction with National Liberation Day celebration.
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Plan A : Above 22932, do nothing
Plan B : Below 22590, do nothing
Plan C : Attempt buying if market holds firm above 22691
Plan D : Cut below 22610
Plan E : Consider selling if market gradually down and fails to hold above 22691
Plan F : Cut above 22790
FKLI
Market continued its upsurge last Friday even though market was trading within a tight 5-points range. Some minor profit takings can be expected today after Friday's Dow closed negative. Eager sellers however, are to be reminded that this could just be a correction and not a reversal just yet. Successful close above 1676 would confirm market is still on the up trend.
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Plan A : Attempt buying if market corrects and holds firm above 1676
Plan B : Cut below 1672
Plan C : Consider intraday selling if market stays below 1684.5
Plan D : Cut above 1689
FCPO
FCPO went sky rocket without any hesitation after visiting the low at 2475. Dalian is relatively strong today while soybean lying at positive region. Ringgit weakened slightly to RM4.03 against the greenback.
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Plan A : Sell if market opened gap up above 2590/2613. Targets are 2570, 2551 and 2513.
Plan B : Buy if market supported above 2551. Targets are 2570, 2590 and 2613.
Plan C : Above 2590, no fresh position.
Plan D : Below 2551, 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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