HSI Futures

U.S. stocks slipped on Thursday, as investors turned cautious ahead of Friday's monthly jobs report, while a drop in biotech and momentum shares dragged the Nasdaq down nearly 1 percent.

Hong Kong shares edged up to a fresh three-week closing high on Thursday, buoyed by news the Chinese government would increase investment in railways and hopes that mainland investors may receive greater access to stocks on the Hong Kong exchange.

Holding a short

Plan A : 22316-22896, do nothing

Plan B : Above 22896, cut

Plan C : Below 22316, consider taking profits first if it refuse to fall further

Plan D : Do not attempt turning buy unless market corrects till around 22121 and rebounds

Plan E : Cut below 21999

FKLI

Market closed right at the crucial level of 1852 yesterday. Upside could be limited today with ringgit weakened to 3.28 against USD. Market look likely to consolidate once again today

Plan A : Attempt intraday short around 1853-1854

Plan B : Cut above 1857

Plan C : Consider buying between 1842-1844

Plan D : Cut below 1840

FCPO

Market had roller coaster ride yesterday and the upside might be due to some profit taking during the second session. FCPO has not formed a support level that could convince investor to buy until yesterday movement. Buyer may want to wait for market to consolidate and form the support before reacting. Do expect a gap up in the morning as competitive substituents are at their positive zone. 

Plan A : Buyer may make entrance if market formed support around 2640's level. Profit target 2703 and 2756.

Plan B : Intraday investor could buy around 2640's taking support at 2628. Profit target looking at 2691.

Plan C : Seller could try range trade at 2671 to 2638. Place a stop.

Plan D : Above 2680, do nothing.

Plan E : Below 2620, do nothing.

*Disclaimer: This information is intended to assist professional investors. 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