HSI Futures

U.S. stocks hit record closing highs on Friday and the S&P 500 posted a sixth week of gains after the U.S. Senate passed a budget resolution, lifting hopes that President Donald Trump’s tax-cut plan may move forward.

Hong Kong shares rebounded sharply on Friday, as investors scrambled for bargains among stocks bruised from the previous session’s sell-off, which was triggered by the Chinese central bank chief’s reference to a “Minsky moment”. On Friday, the Hang Seng Index rose 1.2 percent, to 28,487.24 points, recovering much of Thursday’s 1.9 percent decline, and ending the week roughly flat.

Plan A : Above 28550, do nothing
Plan B : Below 28070, do nothing
Plan C : Attempt buying if market trades firmly above 28220
Plan D : Cut below 28150
Plan E : Consider selling if market surges but fails to breach above 28470
Plan F : Cut above 28520

FKLI

FKLI continues showing the bearish signal as it opened below the SMA 200 (1743.5) and then settled at 1736, which is a new low again. Even market is already at the down side, sellers are still advised to watch out for any technical rebounds today due to overnight Dow rose 165 points at closing.

Plan A : Attempt selling if market surges but fails to breach above 1742.5
Plan B : Cut above 1745.5

Plan C : Consider buying if market stays firm above 1731
Plan D : Cut below 1726

FCPO

FCPO flattened on Friday, however, the market eventually supported above 2720's and settled almost at day high. Dalian and soybean oil are mixed while Ringgit weakened against the greenback at RM4.23.

Plan A : Buy if market supported above 2744. Targets are 2763 and 2780.

Plan B : Sell if market rebounded and resisted around 2774. Targets are 2750 and 2739.

Plan C : Above 2774, no fresh position.

Plan D : Below 2744, 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.