HSI Futures

U.S. stocks ended lower on Friday after solid job growth data for July pried the door open a little wider for a potential interest rate hike by the Federal Reserve in September.

Hong Kong shares rose on Friday on hopes that China's stock markets are stabilizing after a 25-percent slide since mid-June, but gains were capped ahead of U.S. data which could prompt the Federal Reserve to start raising interest rates next month.

Plan A : Above 24531, do nothing

Plan B : Below 24200, do nothing

Plan C : Attempt selling if market trades below 24400

Plan D : Cut above 24531

Plan E : Consider buying only if market supports well above 24400 and rebounds

Plan F : Cut below 24345

FKLI

Market did a remarkable rebound from intraday low of 1658.5 to settle at 1677.5 for the day last Friday. Buyers were seen flowing in as market fails to break previous lowest level of 1657. However, weak RM will weigh on any further rebound as sentiment remains weak.

Plan A : Attempt selling as long as market stays below 1684

Plan B : Cut above 1690

Plan C : Intraday buying to be considered only if market stays firm above 1668

Plan D : Cut below 1661

FCPO

FCPO started to stabilize on Friday after visiting the low at 2006 on Thursday. Dalian and soybean oil are slightly on positive edges whilst Ringgit nails down to RM3.92 against the US Dollar. Market is on sell trend, however, it could be too low for selling before a rebound.

Plan A : Overnight seller may exit if resistance at 2056 is breached. 

Plan B : Intraday investor may sell if market could not breach 2056. Target is 2031 and 1980.

Plan C : Buyer or intraday investor may buy if market could support above 2044. Target is 2056, 2078 and 2114. 

Plan D : Above 2060, do nothing.

Plan E : Below 2040, do nothing.