HSI Futures
U.S. stocks ended little changed on Friday, with a rise in financials countered by a slide in utilities and other sectors, as Wall Street took the strong U.S. jobs report as evidence the Federal Reserve will soon raise interest rates.
China's stocks surged for the third consecutive session on Friday, as investors continued bets on blue chip companies, boosting the main indexes to 2-1/2-month highs this week. Hong Kong on the other hand, faces profit taking selling after failing to breach above the 23000-level.
Plan A : Above 22920, do nothing
Plan B : Below 22656, do nothing
Plan C : Attempt selling if market rebounds but fails to breach above 22920
Plan D : Cut above 23000
Plan E : Consider buying if market were to hold above 22656 and triggers a buy signal
Plan F : Cut below 22788.
FKLI
Market has been very dicey for FKLI the past few trading days as market is caught within the range of 1673-1695. Both buyers and sellers are still battling out to be the final winner but with Ringgit weakened further today, market look likely to be pressured from the opening. Failure to hold above 1686 today would likely see market going down further before market go into Deepavali Holiday tomorrow.
Plan A : Attempt selling if market stays below 1686
Plan B : Cut above 1695
Plan C : Intraday buying to be considered only if market dives to 1673 and rebounds
Plan D : Cut below 1673
FCPO
FCPO consolidated for the whole Friday morning after the gap-down during opening. It only started to move up during second session for a rebound and swang wild within 30 points. Dalian and soybean oil are positive in reading while Ringgit remains weak.
Plan A : Overnight seller may hold on to position if market could resist at 2358. Targets are 2287, 2260 and 2158.
Plan B : Buy if market support above 2314. Targets are 2330, 2344 and 2358. Wait for market to consolidate before execution.
Plan C : Sell if market rebound and resist at 2330. Targets are 2287 and 2260.
Plan D : Above 2330, 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.
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