HSI Futures
Wall Street fell from record levels on Monday as gains in Microsoft and other technology stocks failed to offset a drop in General Electric and a slide in healthcare stocks.
Hong Kong stocks dipped on Monday after hitting near 10-year highs last week, as investors took profits in property and financial shares in the wake of a disappointing China services survey and worries on North Korea curbed risk appetites.
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Plan A : Above 28479, do nothing
Plan B : Below 28250, do nothing
Plan C : Attempt buying if market trades firmly above 28351
Plan D : Cut below 28280
Plan E : Consider selling if market fails to breach above 28479
Plan F : Cut above 28540
FKLI
FKLI traded in a tight 3.5-points range but was overall seen firm. Investors might be setting up their position ahead of month end budget announcement. Another successful hold above 1762.5 today should warrant a further up above 1766.5 anytime soon. Be prepared for a mini rally if all things remain well.
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Plan A : Remain holding buy as long as market stays firm above 1762
Plan B : Exit below 1760
Plan C : Consider intraday selling if market fails to breach above 1766.5
Plan D : Cut above 1770
FCPO
FCPO once again tipped at 2746 and consolidated within the narrow range on Monday. Market is hanging around crucial points at this moment and it is not ready to take off for a trend yet. Consolidation play might be a good bet for intraday trader if both support and resistance are still intact. Dalian and soybean oil are down slightly while Ringgit stays at RM4.22 against the greenback.
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Plan A : Buy if market supported above 2715. Targets are 2739 and 2754.
Plan B : Sell if market resisted around 2746. Targets are 2734 and 2715.
Plan C : Above 2746, no fresh position.
Plan D : Below 2715, 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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