HSI Futures

The S&P 500 and Dow Industrials moved higher on Monday, with the Dow hitting an intraday record as energy and bank stocks gained, but continued weakness in the technology sector pulled the Nasdaq lower. U.S. markets will be closed today for Independence Day.

Financial shares rose in Hong Kong on Monday, on the back of a new bond trading link between Hong Kong and China, but the overall market was largely flat as blue-chips generally underperformed and the service sector slipped.

Plan A : Above 25793, do nothing

Plan B : Below 25598, do nothing

Plan C : Attempt buying if market trades firmly above 25680

Plan D : Cut below 25598

Plan E : Consider selling if market surges but fails to breach above 25793

Plan F : Cut above 25840

FKLI

FKLI recovered from its intraday low level of 1758 before settling near day's high level yesterday. Market is expected to be firmer today after overnight Dow gained 129-points before going into Independence Day holiday today. 

Plan A : Remain buying as long as market holds above 1763.5

Plan B : Cut below 1762.5

Plan C : Consider selling if market surges but fails to breach above 1774

Plan D : Cut above 1779

FCPO

FCPO flattened on Monday with minimal trading opportunity and finally settled almost day high at 2503. Dalian and soybean oil are mixed today while Ringgit stays at RM4.29 against the greenback.

Plan A : Sell if market rebounded and resisted around 2510. Targets are 2478 and 2453.

Plan B : Buy only if market retraced and supported firm above 2478. Targets are 2510 and 2553.

Plan C : Above 2510, no fresh position.

Plan D : Below 2478, 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.