8 August 2017

HSI Futures

The Dow edged up to its ninth record closing high in a row while the S&P ended slightly higher on Monday, with consumer and technology sector gains offsetting losses in energy.

Hong Kong stocks posted modest gains on Monday, buoyed by strength in technology firms as well as Chinese resource and financial shares. Investors will be focusing on China July trade data due later today.

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Plan A : Above 27720, do nothing
Plan B : Below 27560, do nothing
Plan C : Attempt buying if market trades firmly above 27620
Plan D : Cut below 27560
Plan E : Consider selling if market surges but fails to breach above 27720
Plan F : Cut above 27770


FKLI

Market continued its surge from last week, touching a high of 1783 before settling at 1781 yesterday. Market would have to breach and stays firm above 1783 today if it were to prevent itself from profit taking activities. A trading range similar to yesterday could repeats if market fails to break above 1783-level today.

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Plan A : Attempt buying if market retrace and stays firm above 1776
Plan B : Cut below 1773
Plan C : Consider selling if market test but fails to breach above 1783
Plan D : Cut above 1786.5


FCPO

FCPO had highest rebound to 2620 before a tumble to 2572 towards the close. Selling pressure is consistent on Monday, depressing the market away from 2600's. Dalian and soybean oil are slightly positive while Ringgit stays at RM4.28 against the greenback.

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Plan A : Sell if market could not support above 2585. Targets are 2564, 2556 and 2520.
Plan B : Buy only if market supported firm above 2585. Targets are 2616 and 2638.
Plan C : Above 2595, no fresh position.
Plan D : Below 2575, no fresh position.  



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