1 November 2016

HSI Futures

Wall Street ended barely changed on Monday as investors digested the latest large-scale corporate mergers as well as the most recent twist in a tumultuous U.S. presidential election.

Hong Kong's bechmark index ended little changed on Monday, but fell 1.6 percent in October, snapping a three-month rising streak and suggesting a strong rally since February is losing steam. In China, the official and Caixin manufacturing PMI data will be released today.


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Plan A : Above 23010, do nothing
Plan B : Below 22771, do nothing
Plan C : Attempt selling if market recovers but fails to breach above 22970
Plan D : Cut above 23010
Plan E : Consider buying if market gap down but rebounds from 22771
Plan F : Cut below 22771


FKLI

FKLI was seen holding well yesterday after successfully breaching above 1671. Some minor profit taking activities might kick in today but market will still be deemed as strong if it were to hold firm above 1668. 

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Plan A : Attempt buying if market holds firm above 1668
Plan B : Cut below 1665
Plan C : Consider selling if market surges but fails to breach above 1676
Plan D : Cut above 1681


FCPO

FCPO attempted a few retrieves after visiting the lows throughout the day, however, effort seemed in vain. Dalian and soybean oil are slightly positive this morning while Ringgit stays at RM4.18 against the greenback.


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Plan A : Sell if market rebounded and resisted around 2773. Targets are 2759, 2736 and 2722.
Plan B : Buy if market stabilized and supported above 2773. Targets are 2792, 2804 and 2828.
Plan C : Above 2792, no fresh position.
Plan D : Below 2759, 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.