HSI Futures
The Dow and S&P 500 on Friday ended a volatile week with modest gains, boosted by Nike's well-received quarterly report, with both indexes tallying their best first half of the year since 2013.
Hong Kong shares closed down on Friday, tracking weak overseas markets, but recorded their sixth straight monthly gain on expectations of supportive measures from Beijing at the 20th anniversary of Hong Kong's handover to China on July 1. Caixin China PMI data will due to be released today around 9.45 am local time.
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Plan A : Above 25719, do nothing
Plan B : Below 25523, do nothing
Plan C : Attempt selling if market opens higher but fails to breach above 25672
Plan D : Cut above 25719
Plan E : Consider buying if market trades firmly above 25598
Plan F : Cut below 25523
FKLI
FKLI performed badly for whole last week with investors still away for Hari Raya holiday. Charts are turning a little bearish but sellers must not get over excited just yet as 1757-58 levels could act as a temporary support and U-turn from its current bearish mode. Entry levels will be important for both buyers and sellers today.
Plan A : Attempt buying if market holds firm above 1763
Plan B : Cut below 1758
Plan C : Consider selling if market rebounds but fails to breach above 1773
Plan D : Cut above 1779
FCPO
FCPO surged up to 2494 before a tumble of 40 points from the top towards the closing hour. Dalian and soybean oil are performing strong while Ringgit stays at RM4.29 against the greenback.
Plan A : Sell if market opened high but resisted around 2510. Targets are 2482, 2468 and 2454.
Plan B : Buy only if market retraced but supported above 2482. Targets are 2510 and 2552.
Plan C : Above 2510, no fresh position.
Plan D : Below 2482, 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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