HSI Futures

U.S. stock indexes dropped more than 1 percent on Friday after a mixed August jobs report did little to quell investor uncertainty about whether the Federal Reserve will increase interest rates this month. U.S. markets will be closed tonight for Labor Day celebration.

Hong Kong stock fell for a third straight session on Friday as investors squared positions ahead of a key U.S. monthly jobs report and while mainland China markets remained closed. China markets will reopen today after a four-day weekend. 

Plan A : Above 20816, do nothing

Plan B : Below 20526, do nothing

Plan C : Attempt selling if market stays below 20647

Plan D : Cut above 20780

Plan E : Consider intraday buy only if market holds firmly above 20526 and rebounds

Plan F : Cut below 20526

FKLI

Market failed to build up on its previous day gains and eventually tumbled ahead of the weekend. With Ringgit trading at 4.30 against USD, market is expected to face more selling pressure today. Failure to hold above 1545.5 today would see market heading towards 1506.5 next.

Plan A : Overnight seller hold on to position. Target seen at 1506.5. Resistance 1555

Plan B : Intraday investors can attempt selling if market recovers after a lower opening but resisted at 1555

Plan C : Cut above 1561

Plan D : No buying to be attempted for the time being

Plan E : Next supports seen at 1545/1536/1525/1506.5

FCPO

FCPO tipped at 2042 and ended relatively high on Friday. Dalian and overnight soybean oil are slightly weak while Ringgit further slumped to RM4.30 today with new record low. 

Plan A : Overnight seller hold on to position. Resistance is looking at 2028. Target are 2000, 1987 and 1957.

Plan B : Fresh seller and intraday invetsor may sell if market could rebound and resist at 2028. Target is 2000 and 1987.

Plan C : Buyer may stay out unless market is supported later. 

Plan D : Above 2040, do nothing.

Plan E : Below 2000, do nothing.   

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