HSI Futures

A tech share rally drove U.S. stocks up sharply for a second day on Friday as earnings from companies including Microsoft beat analysts' expectations, while healthcare shares rebounded from recent losses.

Hong Kong shares jumped more than 1 percent on Friday, after China's President Xi Jinping said the economy will not suffer a hard landing. The People's Bank of China (PBOC) lowered its benchmark interest rates by 25 basis points, alongside a half percentage cut in the reserve requirement ratio (RRR), to jump start a slowing economy. This would likely spur Asian markets today.

Holding long

Plan A : 23053-23526, do nothing

Plan B : Below 23053, liquidate position

Plan C : Consider taking profits if market gaps up above 23526

Plan D : Selling to be attempted only if market stays below 23053

Plan E : Cut above 23180

FKLI

Market continued showing its signs of bullishness last Friday with market holding above 1710. A convincing break out above 1733 would be important for the market to confirm a rally in the making. 

Holding long

Plan A : 1706-1733, do nothing

Plan B : Below 1706, liquidate position

Plan C : Consider taking profits if market surges but fails to break above 1733

Plan D : Intraday selling can be considered if market trades higher but fails to break above 1733

Plan E : Cut above 1738

FCPO

FCPO flattened last Friday after the morning gap down. Dalian and overnight soybean oil are quite weak this morning while Ringgit nailed down to RM4.26 against the greenback. Market may gap down in the morning due to the weak region. 

Plan A : Overnight seller may hold on to position. Resistance is looking at 2339. Targets are 2272 and 2158.

Plan B : Intraday investor may sell if market could rebound and resist at 2328. Targets are 2301 and 2272.

Plan C : Buyer may stay out unless market again consolidate. Watch for while before you enter.

Plan D : Above 2340, do nothing.

Plan E : Below 2300, 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.