9 June 2015

HSI Futures

U.S. stocks ended lower on Monday as investors worried about Greece and mulled the prospect of the Federal Reserve raising interest rates as early as September.

Hong Kong stocks edged up on Monday, led by mainland banking heavyweights on expectations that Beijing will step up reforms in the state sector. Focus of the day will be on China's CPI and Producer Price Index due to release at 9.30 am this morning.

Plan A : Above 27279, do nothing
Plan B : Below 26853, do nothing
Plan C : Attempt selling if market stays below 27045
Plan D : Cut above 27279
Plan E : Consider buying if market holds above 26853 and triggers a buy signal
Plan F : Cut below 26853


FKLI

Market touched a new low of 1714.5 before settling at 1725 in a day where market was once again seen bearish. Selling can be attempted whenever there's any opportunity

Plan A : Attempt selling if market stays below 1725
Plan B : Cut above 1732
Plan C : No buying to be attempted for the time being


FCPO

FCPO went for another round of gap up yesterday during opening hour. However, it slowly retraced over the sessions and eventually settled at 2333. Dalian and overnight soybean oil are trading weak today while Ringgit remains at RM3.75 against the greenback.

Plan A : Overnight seller hold on to position. Resistance is 2328. Target is 2281 and 2241.
Plan B : Intraday investor may sell if market could rebound and resist at 2304 and 2317. Target is 2281 and 2241.
Plan C : Buyer may stay out of market.
Plan D : Above 2320, do nothing.
Plan E : Below 2280, 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.