HSI Futures

The Dow and S & P 500 ended at record highs on Friday and other indexes posted strong gains for a second week after the Bank of Japan's surprise move to ramp up its stimulus program.

Hong Kong shares ended higher on Friday, reflecting strength in the Chinese market and greater risk appetite after strong U.S. growth data, leaving the market with its biggest monthly gain since July. Market mood however, could be subdued following weak factory activity data from China over the weekend. Attention now turns to HSBC final PMI reading for October due later at 9.45 am. Japan markets are shut today for Culture Day celebrations. 

Plan A : Above 24098, do nothing

Plan B : Below 23818, do nothing

Plan C : Consider intraday sell if market fails to break above 24098 and retrace

Plan D : Cut above 24230

Plan E : Attempt buying if market corrects and holds firm above 23818

Plan F : Cut below 23752

FKLI

Despite October month contract expired at 1844.5 last Friday, November month FKLI surged and closed firmly at 1858. Market could remain firm for now with some minor profit taking activities amid weaker RM at 3.30 against USD. 

Plan A : Attempt buying near 1847 level

Plan B : Cut below 1841

Plan C : Consider intraday sell if market surges but fails to break above 1865.5

Plan D : Cut above 1873

FCPO

FCPO marked new high at 2311 last Friday. Today regional soybean oil and Dalian markets are quite mixed in signal. Rinngit futher weaken to RM3.30 against the greenback.

Plan A : Overnight buyer hold on to position. Support is looking at 2262. Target is 2413. 

Plan B : Intraday investor may stay out.

Plan C : Above 2320, do nothing.

Plan D : Below 2280, 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