4 October 2016

HSI Futures

The fourth quarter got off to a weak start for U.S. stock investors on Monday, with financials, consumer staples and utilities pulling the S&P 500 lower.

Hong Kong stocks rose more than 1 percent on Monday, lifted by gaming shares such as Galaxy Entertainment Group, after the world's biggest casino hub Macau posted a better than expected rise in gambling revenue in September. China markets will be shut for whole of this week in conjunction with its National Day celebration.

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Plan A : Above 23610, do nothing
Plan B : Below 23470, do nothing
Plan C : Attempt buying if market holds firm above 23550
Plan D : Cut below 23470
Plan E : Consider intraday selling if market fails to breach above 23610
Plan F : Cut above 23610


FKLI

FKLI broke several major supports before going into long weekend holiday last week. Market is expected to remain sluggish today despite possibility of some minor rebound. Eager sellers must wait for some technical rebound before jumping in to avoid selling at too low levels. 

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Plan A : Sell if market rebounds but fails to breach above 1658.5
Plan B : Cut above 1663
Plan C : Consider buying if market holds stubbornly above 1654
Plan D : Cut below 1648.5


FCPO

FCPO stabilized above 2600's level last Friday and the market accelerated to 2643 while settled at 2636. Dalian is closed for the day while soybean is lying at negative territory. Ringgit remain weak at RM4.12 against the greenback.

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Plan A : Buy if market supported above 2581. Targets are 2601, 2612, 2622 and 2633.
Plan B : Sell if market resisted around 2633. Targets are 2612, 2601 and 2581.
Plan C : Above 2633, no fresh position.
Plan D : Below 2581, 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.