HSI Futures
U.S. stocks racked up their strongest gain in two months on Monday after Federal Reserve Board Governor Lael Brainard stuck to her dovish stance on interest rates and urged caution about removing monetary stimulus too quickly.
Hong Kong and China stock markets tumbled on Monday, tracking a sharp retreat in global markets as growing concerns of a possible U.S. rate hike next week pushed up bond yields and put renewed depreciation pressure on the Chinese currency.
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Plan A : Above 23633, do nothing
Plan B : Below 23271, do nothing
Plan C : Attempt buying if market holds resiliently above 23271 and rebound
Plan D : Cut below 23241
Plan E : Consider selling after it rebounds and fails to breach above 23633
Plan F : Cut above 23713
FKLI
FKLI likely will have to brace for shaky start today as RM tumbled to 4.13 against the greenback. Failure to trade above 1682 would entice more sellers into the market and a breakdown below 1676 would further accelerate the down. Hence, buyers must not be too stubborn if market were to break down from here.
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Plan A : Attempt selling if market stays below 1682
Plan B : Cut above 1686
Plan C : Consider buying if market retrace but rebounds strongly from 1676
Plan D : Cut below 1672
FCPO
FCPO continue to surge last Friday to high of 2656, however, the swift drawback last minute before close may caused by the profit taking. Dalian and overnight soybean oil are weak while Ringgit weakened against the U.S. Dollar at RM4.10.
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Plan A : Buy if market consolidated and supported above 2610. Targets are 2622, 2633 and 2645.
Plan B : Sell if market rebounded and resisted around 2633. Targets are 2622, 2610, 2605 and 2585.
Plan C : Above 2633, no fresh position.
Plan D : Below 2610, 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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