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HSI Futures

U.S. stocks closed higher on Thursday, with energy shares leading the advance as crude oil rebounded off a sharp decline, while investors bet that companies would top lowered expectations this earnings season.

Hong Kong stocks advanced to seven-year highs on Thursday in record turnover, but at the cost of Chinese markets, as mainland investors sought out the relatively cheap shares traded in the former British colony. Chinese investors snapped up the entire 10.5 billion yuan ($1.7 billion) daily investment quota for buying Hong Kong stocks under the Shanghai-Hong Kong Stock Connect scheme. It was the second day in a row that the quota was used up. All eyes will be on China inflation data due to release at 9.30 am this morning. 

Plan A : Above 27999, do nothing

Plan B : Below 26967, do nothing

Plan C : Consider intraday sell if market make a fierce surge but fails to break above 27999

Plan D : Cut above 27999

Plan E : Attempt long if market consolidates well and hold above 26967

Plan F : Cut below 26790

FKLI

Market experienced another day of correction yesterday but selling was being absorbed well. Market look set to remain firm as long as it stays above 1840

Plan A : Attempt buying around 1840

Plan B : Cut below 1832

Plan C : Consider intraday sell if market surge but fails to break above 1852.5

Plan D : Cut above 1855

FCPO

FCPO continue to move down since opening hour with no turning back. Dalian and soybean oil are quite mixed today while Ringgit stays at RM 3.63 against the US Dollar. Market is quite oversold at this stage, thus fresh seller may be cautious.

Plan A : Overnight seller hold on to position. Resistance is 2162. Target is 1978.

Plan B : Buyer may try some buying intraday only if market stabilized. No overnight position as it is still a selling signal. Will update when there is a chance in our forum. http://klse.i3investor.com/servlets/forum/901704783.jsp or our blog. 

Plan C : Intraday investor may sell if market could rebound and resist at 2132. Target is 1978.

Plan D : Above 2130, do nothing.

Plan E : Below 2100, do nothing.  


*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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.