HSI Futures
U.S. stocks were up slightly on Friday afternoon after a solid jobs report pointed to strength in the domestic economy and supported expectations the Federal Reserve will raise interest rates this week.
Hong Kong's Hang Seng index reversed earlier losses on Friday, after market sentiment was hit by a slide in oil prices, with traders turning their attention to a near certain U.S. rate hike next week.
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Plan A : Above 23675, do nothing
Plan B : Below 23482, do nothing
Plan C : Attempt buying if market stays firm above 23544
Plan D : Cut below 23482
Plan E : Consider selling if market surges but fails to breach above 23675
Plan F : Cut above 23713
FKLI
Market was seen holding well and closed almost at day's high level last Friday. FKLI could potentially open slightly lower today ahead of this week's FOMC meeting which many expects interest rates hike to happen. Some turbulence could be felt today but avoid being too bearish especially if market were to hold firm above 1714 and 1719 today.
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Plan A : Remain holding long if market were to hold firm above 1719
Plan B : Cut below 1717
Plan C : Consider selling if market fails to breach above 1728
Plan D : Cut above 1733
FCPO
FCPO opened gap down last Friday and resume walking down South, wiping off the previous gain few days ago. Dalian and soybean oil are slightly positive, however the losses at overnight soybean oil may cause the market to open lower. Ringgit stays at RM4.45 against the greenback.
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Plan A : Buy only if market opened gap down but supported above 2723. Targets are 2738, 2753, 2766 and 2781.
Plan B : Sell if market resisted around 2806. Targets are 2781, 2766 and 2746.
Plan C : Above 2806, no fresh position.
Plan D : Below 2723, 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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