HSI Futures
U.S. stocks dipped on Tuesday, with the S&P 500 retreating from a record closing high as weakness in the energy and financial sectors outweighed gains in technology shares.
Hong Kong stocks edged up on Monday, on which China markets were closed, with mainland property shares aiding the rise on anticipation of strong home demand in smaller Chinese cities.Hong Kong and China markets will resume trading today after being shut for Dragon Boat Festival yesterday.
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Plan A : Above 25741, do nothing
Plan B : Below 25585, do nothing
Plan C : Attempt selling if market trades consistently below 25650
Plan D : Cut above 25741
Plan E : Consider buying if market holds resiliently above 25585 and rebound
Plan F : Cut below 25474
FKLI
FKLI was seen visibly weak despite moving in a tight 6-points range only. Market is expected to be lackluster today with some bearish sentiment as crude palm oil prices dragging the plantation sector. Look for opportunity to initiate short if market were to stay below 1768.
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Plan A : Continue holding short as long as market stays trading below 1768
Plan B : Exit above 1768
Plan C : Consider buying only if market dives and rebound from 1758.5
Plan D : Cut below 1755
FCPO
FCPO continue to walk down South to low of 2475 before a slight rebound to 2511 and settled at 2504. Dalian resume trading today after two days of festive holidays while soybean oil is slightly negative. Ringgit stays at RM4.27 against the greenback.
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Plan A : Buy if market supported firm above 2496. Targets are 2513, 2526 and 2540.
Plan B : Sell only if market failed to support above 2471. Targets are 2450, 2421 and 2292.
Plan C : Above 2513, no fresh position.
Plan D : Below 2450, 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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