HSI Futures
U.S. stocks closed lower on Monday amid renewed pressure on technology stocks. The Nasdaq composite and the Nasdaq 100 indexes fell 0.52 percent and 0.59 percent respectively, with the composite posting its biggest two-day slide since December. The S&P 500 slipped 0.1 percent, with information technology dropping 0.81 percent to lead decliners. The Dow Jones industrial average fell about 35 points, with Apple contributing the most losses.
Hong Kong stocks fell the most in nearly two months on Monday, as a slump in tech shares-fanned by the sell-off in their U.S. counterparts-triggered broader profit taking in what had been one of the world's best-performing equity markets this year. The Hang Seng index fell 1.2 percent, to 25,708.04, while the China Enterprises Index lost 1.0 percent, to 10,485.85 points.
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Plan A : Above 25935, do nothing
Plan B : Below 25755, do nothing
Plan C : Attempt buying only if market breach across 25917
Plan D : Cut below 25835
Plan E : Consider selling if market fails to breach above 25835
Plan F : Cut above 25917
FKLI
FKLI continue to hover around 1780's to 1790's last Friday, trying to breakthrough to a new high but in vain. Regional markets are mixed today and whether we could continue the effort to push to a higher level, solely depends on the strength of the cash market.
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Plan A : Attempt buying if market stays firm above 1784.5
Plan B : Cut below 1781
Plan C : Consider selling if market trades consistently below 1793.5
Plan D : Cut above 1796
FCPO
FCPO flattened on Friday despite the gaps over the session break. Dalian and soybean oil are positive while Ringgit stays at RM4.26 against the greenback.
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Plan A : Buy only if market supported firm above 2470. Targets are 2488, 2517 and 2558.
Plan B : Sell if market rebounded and resisted around 2470. Targets are 2458, 2436 and 2398.
Plan C : Above 2488, no fresh position.
Plan D : Below 2458, 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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