Tuesday, August 1, 2017

2 August 2017

HSI Futures

A gauge of world stocks advanced on Tuesday after scoring its longest monthly winning streak in over a decade on signs of an improving global economy and solid corporate earnings, while the U.S. dollar bounced after touching 15-month lows. The Dow Jones Industrial Average racked up a fifth straight record high on Tuesday and neared the 22,000 mark, powered by Goldman Sachs, JP Morgan Chase and other banks.

Hong Kong stocks ended at a 26-month high, aided by strong gains in state-backed mainland firms, as investors cheered a private survey showing China's factory activity accelerated in July.

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Plan A : Above 27610, do nothing
Plan B : Below 27450, do nothing
Plan C : Consider selling if market surges but fails to breach above 27610
Plan D : Cut above 27680
Plan E : Attempt buying if market corrects and holds firmly above 27450
Plan F : Cut below 27368


FKLI

FKLI look set to continue from where it let off last month, which is consolidating between the range of 1760-1772. Expect a muted open today despite positive in overnight Dow. Market is expected to be stagnant for the time being, until there is an inflow of fresh leads into the market.

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Plan A : Attempt buy if market retrace but supported above 1761
Plan B : Cut below 1758
Plan C : Consider selling if market surges but fails to breach above 1771
Plan D : Cut above 1776.5


FCPO


FCPO opened high on Tuesday but the hype could not sustain and market eventually retraced and settled at 2654. Dalian and soybean oil are recording great losses today while Ringgit stays at RM4.28 against the greenback.

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Plan A : Buy only if market supported above 2634. Targets are 2650, 2661 and 2675.
Plan B : Sell if market rebounded and resisted around 2650. Targets are 2634 and 2599.
Plan C : Above 2650, no fresh position.
Plan D : Below 2634, 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.

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