7 July 2015

HSI Futures

U.S. stocks fell in a volatile session on Monday as Greeks resoundingly backed the government in rejecting the austerity terms of a bailout and as China implemented emergency measures to stop a selloff in Shanghai's market.

Hong Kong's benchmark index closed at a three-month low on Monday after the biggest one-day fall in three years, as investors worried that the Greek debt crisis could deepen.

Plan A : Above 25536, do nothing
Plan B : Below 24807, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 25536
Plan D : Cut above 25646
Plan E : Consider intraday buy if market stays firm above 25340
Plan F : Cut below 25197


FKLI

Market got spooked, falling as much as 30-points yesterday before recovered to settle at 1705. Market sentiment is expected to remain weak today with Ringgit trading at 3.81 against US Dollar. Any rebound could be short-lived with people waiting to sell.

Plan A : Attempt selling if market stays below 1710
Plan B : Cut above 1718
Plan C : Intraday buying to be considered only if market stays resilient above 1702
Plan D : Cut below 1694



FCPO

FCPO gap-down yesterday due to significantly weak Dalian and soybean oil. Today both markets are quite mixed while Ringgit remains at RM 3.80 against the US Dollar. Market has been trading within the consolidation range of 2218 to 2285 for two weeks. Any break through will lead to a trend.

Plan A : Intraday investor may sell if market could rebound and resist at 2256. Target is 2218 and 2200.
Plan B : Buyer may stay out and wait for market to consolidate.
Plan C : Above 2260, do nothing.
Plan D : Below 2220, do nothing.  

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*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.