HSI Futures

U.S. stocks closed mostly higher on Friday, boosted by strong quarterly earnings from U.S. banks, while investor also digested several pieces of economic data. Dow ended slightly lower, with Wal-Mart contributing the most losses. Nasdaq composite advanced around 0.5 percent, whereas, S&P 500 gained 0.2 percent, with financials rising 0.5 percent to lead advancers.

The bearish sentiment from Shanghai spill over to Hong Kong, where stocks were already under profit taking pressure after closing at 2-1/2-month highs on Friday. Shanghai stocks slid to a three-month low on Monday, with investors gloomy about 2017 prospect following the comments from the premier and official estimates suggesting slowing economic growth in big cities. 

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Plan A : Above 22912, no fresh position

Plan B : Below 22671, no fresh position

Plan C : Attempt buying if market stays firm above 22722

Plan D : Cut below 22671

Plan E : Consider selling if market rebounded and resisted around 22889   

Plan F : Cut above 22912

FKLI

FKLI resume its journey to the South on Monday with highest rebound of 1678 retraced to 1662.5, settled at 1663.5. After almost a month of winning streak, market is pressurized for correction. The question of how far can this correction goes, we have to witness the market for another day.  

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Plan A : Buy only if market holds firm above 1663.5

Plan B : Cut below 1659

Plan C : Consider selling if market failed to hold above 1670

Plan D : Cut above 1673

FCPO

FCPO dived at opening due to lower switch month prices and weak overnight soybean. The recovery was quick regaining the losses, leading market back to 3100's level. Dalian and soybean oil are positive this morning while Ringgit stays at RM4.46 against the greenback.  

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Plan A : Buy if market stay firm above 3106. Targets are 3120, 3130 and 3140. Apply on opening hour.

Plan B : Sell if market rebounded and resisted around 3120. Targets are 3106, 3091, 3081, 3072, 3062 and 3037.

Plan C : Above 3120, no fresh position.

Plan D : Below 3092, 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.