HSI Futures

U.S. stocks closed modestly higher in light trading on Thursday as investors held back on big bets ahead of Friday's jobs report, which is expected to be a big factor in influencing the timing of a Federal Reserve interest rate hike.

Hong Kong shares closed at their lowest in six weeks on Thursday, following mainland markets down, weighed by financial stocks amid concerns over China's economic slowdown.

Plan A : Above 24329, do nothing

Plan B : Below 24107, do nothing

Plan C : Attempt selling if market rebounds but fails to break above 24329

Plan D : Cut above 24417

Plan E : Consider buying if market holds above 24107 and triggers a buy

Plan F : Cut below 24107

FKLI

Market finally gave way yesterday, closing below 1800 level. Market might open little changed or do some minor recovery today but rebound could be mild as sentiment got beaten down. Failure of cash market holding above 1800 would further pressure the price of futures. 

Holding short

Plan A : 1777-1813, do nothing

Plan B : Above 1813, cut

Plan C : Below 1777, consider taking profits if it rebounds strongly

Plan D : Consider intraday buy if market test 1777 and rebounds

Plan E : Cut below 1766

FCPO

FCPO rebounded to close the gap after the slump on opening yesterday morning. Dalian and soybean oil continue to head down South while Ringgit remains weak at RM 3.65 against the greenback.

Plan A : Overnight seller hold on to position. Resistance is looking at 2338. Target is 2277 and 2253.

Plan B : Fresh seller or intraday investor may sell if market could rebound and resisted at 2308 and 2324. Target is 2277 and 2253.

Plan C : Buyer stay out of market.

Plan D : Above 2320, do nothing.

Plan E : Below 2300, 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