HSI Futures
Wall Street gained on Friday as a tepid U.S. jobs report kept expectations muted for another interest rate hike this year, while investors kicked off a typically dour month for stocks on a positive note. U.S. markets were closed on Monday for Labor Day.
Hong Kong stocks followed regional markets lower on Monday, after North Korea’s latest nuclear test heightened geopolitical tensions. Investors are expected to focus on China Caixin services PMI due later at 9.45 am.
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Plan A : Above 27860, do nothing
Plan B : Below 27724, do nothing
Plan C : Attempt selling if market surges but fails to breach above 27820
Plan D : Cut above 27860
Plan E : Consider buying if market holds resiliently above 27724 and rebound
Plan F : Cut below 27724
FKLI
FKLI did a remarkable recovery before going into long weekend holiday last week. Market however, is expected to open lower as geopolitical tension in Korea peninsular continue to linger after North Korea tested another bomb last weekend. Investors will likely be cautious for first trading day of September month today.
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Plan A : Attempt selling if market stays trading below 1767
Plan B : Cut above 1770
Plan C : Consider buying if market holds resiliently above 1761
Plan D : Cut below 1756
FCPO
CBOT soybean oil gained pretty much during our absence due to technical buying. Although FCPO might open higher today, sustainability of it would be questioned as RM strengthened against green back. Profit taking in soybean oil and Dalian too might drags.
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Plan A : Buy if market supported above 2713. Targets are 2735, 2744 and 2769.
Plan B : Sell if market rebounded but resisted around 2744. Targets are 2723, 2713 and 2703.
Plan C : Above 2744, do nothing
Plan D : Below 2703, do nothing
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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