HSI Futures

Wall Street staged a modest rally on Thursday as oil prices recorded their biggest gain this year and ECB President Mario Draghi raised hopes of more stimulus for Europe.

Hong Kong shares finished lower on Thursday after an afternoon sell-off in mainland China markets. The Hang Seng index fell 1.8 percent to 18,542.15 points, while the China Enterprises Index lost 2.2 percent to 7,835.64 points.

Plan A : Above 19007, do nothing

Plan B : Below 18530, do nothing

Plan C : Attempt selling if market gaps up but stays below 18870

Plan D : Cut above 19007

Plan E : Consider intraday buy if market trades firmly above 18685

Plan F : Cut below 18550

FKLI

Market continued its slump yesterday with cash market closing at its day's low level. FKLI however, managed to close almost par to cash market even after touching a new intraday low of 1591.5. Market could rebound a little today but sentiment shall remains weak despite attempts from Bank Negara to stabilize market by reducing its statutory reserve requirement (SRR) ratio from 4.00% to 3.50% effective from Feb 1. Malaysia markets will be close on coming Monday for Thaipusam celebration.

Plan A : Attempt selling if market gaps up but fails to break above 1613

Plan B : Cut above 1620

Plan C : Consider buying if market holds firm above 1606

Plan D : Cut below 1599

FCPO

FCPO finally close the gap from the premium prices over the switch month. Market slumped since Thursday morning 'till 4pm and it slowly supported upwards for the close. Market might experience slight rebound today as Dalian and Soybean oil are slightly positive while Ringgit strengthen to RM4.35 against the greenback.

Plan A : Buy if market supported above 2431. Targets are 2444, 2454 and 2466.

Plan B : Sell if market resisted around 2466. Targets are 2444 and 2454.

Plan C : Above 2466, no fresh position.

Plan D : Below 2431, no fresh position.