HSI Futures
U.S. equities closed lower on Thursday as financials lagged, while social media company Snap has a strong performance in its Initial Public Offering. The Dow Jones Industrial Average fell about 100 points, with Caterpillar contributing the most losses. Caterpillar's stock declined more than 4 percent after law enforcement officials search their office. The S&P 500 declined 0.6%, with financials declined more than 1%. The Nasdaq composite fell 0.7%.
Hong Kong stocks, which joined the regional rally in the morning, erased earlier gain and ended Thursday lower, as some investor took advantage of the morning rebound to dump share.
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Plan A : Above 23862, do nothing
Plan B : Below 23704, do nothing
Plan C : Attempt buying only if market stays firm above 23787
Plan D : Cut below 23737
Plan E : Consider selling if market rebounded but failed to breach across 23787
Plan F : Cut above 23842
FKLI
FKLI held firm above support though regional tumbled in the afternoon. Since the rebound from 1691, market stayed strong at 1700's level and this might lead the market to high benchmark.
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Plan A : Attempt buying if market stays firm above 1703
Plan B : Cut below 1700
Plan C : Consider selling if market fails to hold above 1715
Plan D : Cut above 1718
FCPO
FCPO opened with slight losses yesterday morning, however, market reversed the scenario with progressive upside with settlement at 2862. Dalian and overnight soybean oil are mixed while Ringgit stays weak at RM4.45 against the greenback.
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Plan A : Buy if market supported above 2840. Targets are 2855, 2876 and 2899.
Plan B : Sell only if market rebounded and failed to cross above 2864. Targets are 2851, 2840, 2831 and 2817.
Plan C : Above 2864, no fresh position.
Plan D : Below 2840, 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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