U.S. stocks climbed on Monday, giving the S&P 500 its biggest gain since May as indexes bounced back sharply from last week's losses, buoyed by gains in commodity-related shares and optimism over Warren Buffett's latest deal.
Hong Kong shares ended mixed on Monday, with disappointing China economic data and the growing prospects of a U.S. interest rate hike next month weighing on blue chips.
Plan A : Above 24560, do nothing
Plan B : Below 24338, do nothing
Plan C : Attempt buying if market stays firm above 24449
Plan D : Cut below 24338
Plan E : Consider intraday sell if market gaps up but fails to break above 24560
Plan F : Cut above 24628
FKLI
Market went for a free fall yesterday with selling were seen across the board as investors turned bearish amid weak RM and politically instability. Market could make some technical rebound today, taking supports from overnight Dow. Recovery however, could be short-lived as there will be sellers waiting in bay to short the market.
Plan A : Attempt selling if market gaps up but fails to break above 1654
Plan B : Cut above 1660
Plan C : Intraday buying to be considered only if market holds firmly above 1643
Plan D : Cut below 1638
FCPO
FCPO rebounded to recent high of 2061 and gradually trending down to 2017. Dalian and overnight soybean oil are up in the morning whilst Ringgit further slumped to RM3.95 against the greenback. Market is expected to open higher today due to positive effect from the regional markets. Overall trend is still a down, unless market stabilized above support level today.
Plan A : Intraday investor may sell if market open gap up around 2068. Target is 1993 and 1980.
Plan B : Buyer may buy if market could stabilize and support above 2047. Target is 2089 and 2114.
Plan C : Above 2070, do nothing.
Plan D : Below 2040, 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.
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