HSI Futures
U.S. stocks closed most higher on Friday, boosted by strong quarterly earnings from U.S. banks, while investors also digested several pieces of economic data. Dow closed slightly lower, with Wal-Mart contributing the most losses. The Nasdaq composite advanced around 0.5 percent while S&P500 gained 0.2 percent.
Hong Kong stocks rebounded on Friday to cap a three-week winning streak, helped by strength in the energy sector and heavyweight China Vanke Co. Ltd, the mainland's second largest developer. The benchmark Hang Seng Index added 0.5 percent, hitting a 2-1/2-months closing high.
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Plan A : Above 23100, do nothing
Plan B : Below 22719, do nothing
Plan C : Attempt buying only if market stays firm above 22912
Plan D : Cut below 22850
Plan E : Consider selling only if market fails to hold above 22829
Plan F : Cut above 22880
FKLI
FKLI tumbled last Friday after three-week of winning streak. Selling pressure is rather mild but persistent, depressing the market from 1685.5 to 1673. Cash market continue to show weakness this morning, dropping faster than the futures market.
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Plan A : Buy only if market holds firm above 1674
Plan B : Cut below 1670
Plan C : Consider selling if market failed to hold above 1674
Plan D : Cut above 1678
FCPO
FCPO flattened for the day despite the gaps in between sessions. Dalian and soybean oil are mixed today while Ringgit stays at RM4.46 against the greenback. Switch month today, trading plan is based on April month.
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Plan A : Sell if market rebounded and resisted around 3086. Targets are 3072, 3061, 3048 and 3037.
Plan B : Buy only if market supported firm above 3086. Targets are 3096, 3107, 3115 and 3122.
Plan C : Above 3096, no fresh position.
Plan D : Below 3072, no fresh position.
*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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