1 December 2016

HSI Futures

U.S. stocks edged lower on Wednesday as declines in technology more than offset a rally in the energy sector, but major indexes posted solid gains for the month on the back of a rally following the U.S. presidential election.

Hong Kong stocks followed Wall Street higher on Wednesday but gains were limited as investors were reluctant to buy shares ahead of an OPEC meeting and Italy's referendum result. Markets will be watching China's official manufacturing and services PMI for November and the Caixin manufacturing PMI today. 

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Plan A : Above 23008, do nothing

Plan B : Below 22737, do nothing

Plan C : Attempt buying if market stays firm above 22790

Plan D : Cut below 22737

Plan E : Consider selling if market gap up but fails to breach above 23008

Plan F : Cut above 23054

FKLI

Market was a little sluggish in the afternoon yesterday but FKLI still managed to settle at 1630. Market may still be lackluster but buying support should comes in today if investors were to follow lead from regional market. 

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Plan A : Attempt buying if market stays firm above 1628

Plan B : Cut below 1624

Plan C : Consider selling if market surges but fails to breach above 1641

Plan D : Cut above 1645

FCPO

FCPO hovered around 3070's to 3080's for the morning session after a rebound from yesterday afternoon. Dalian and soybean oil traded positive while Ringgit stays at RM4.46 against the greenback. 

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Plan A : Buy if market supported above 3073. Targets are 3083, 3089, 3098 and 3135.

Plan B : Sell only if market rebounded but resisted around 3089. Targets are 3073, 3063, 3053, 3035. 

Plan C : Above 3089, no fresh position.

Plan D : Below 3073, 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.