HSI Futures

Momentum shares like Netflix and TripAdvisor sold off sharply for a second straight day on Friday, giving the Nasdaq its worst day since February and leaving investors anxious about how much further they may fall. The big drop in momentum stocks overshadowed the day's relatively strong March jobs data, which helped the Dow and S&P 500 hit intraday record highs early in the session.

Hong Kong shares finished lower on Friday, dragged down by sliding tech shares and a steep fall in Internet giant Tencent Holdings Ltd.

Holding a short

Plan A : 22316-22896, do nothing

Plan B : Above 22896, cut

Plan C : Below 22316, consider taking profits if it refuse to go down further

Plan D : Wait for correction till near 22121 level before deciding whether to attempt long

Plan E : Cut below 21999

FKLI

FKLI hold steady last Friday after successfully closing above 1852. Market could face some minor profit taking activities but undertone of the market will remain firm

Plan A : Attempt long between 1848-1850

Plan B : Cut below 1845

Plan C : Consider selling only if market test 1870 but fails to break through

Plan D : Cut above 1870

FCPO

Market is expected to continue consolidate with Dalian close for Qing Ming Festival holiday today. Without much lead from overnight bean and lack of fresh catalyst, market is expected to open little changed. 

Plan A : Buying can be considered if market manage to find some firm support above 2640 level

Plan B : Place a stop below 2628 to avoid disappointments

Plan C : Intraday selling can still be attempted if market rebounds today but fails to break above 2671

Plan D : Put a buy stop above 2676 to prevent market from a sudden surge

*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