GOLD
Gold prices dipped on Friday as some investors locked in profits at the end of the week, but there are expectations that they could move higher next week as analysts predicting a rebound.
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Plan A : Attempt selling if gold price surges but fails to breach above 1289
Plan B : Cut above 1295.3
Plan C : Consider buying if gold price retraces but holds firm above 1283.2
Plan D : Cut below 1277.9
HSI Futures
Technology stocks led the S&P 500 and Nasdaq to record closing highs on Friday, with the S&P ending above 2,600 points for the first time, while Amazon and retail stocks got a boost from signs of a strong start to the holiday shopping season. The benchmark S&P 500 and the blue-chip Dow Jones industrials posted weekly gains for the first time in three weeks while the Nasdaq Composite posted its best weekly performance since the week to Sept. 1.
Hong Kong stocks rebounded on Friday, recording a fourth week of gains, as mainland shares showed signs of stabilising after Thursday’s tumble. Financial stocks led the gains, as some investors believe Chinese banks will benefit from Beijing’s tough rules against shadow banking, which will remove systemic risks in the sector, despite short-term negative impact on the market’s mood.
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Plan A : Above 30045, do nothing
Plan B : Below 29819, do nothing
Plan C : Consider selling if market trades consistently below 29959
Plan D : Cut above 30045
Plan E : Consider buying if market stays resilient above 29875
Plan F : Cut below 29824
FKLI
FKLI opened lower and traded below 1720 on last Friday. Market had been falling for three days consecutively, high chance it is now again entering the tight range trading between 1710-1720. Hence, traders are advised to watch out for any signs of break-up or break-down for new trend in market.
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Plan A : Attempt selling if market resisted at 1717
Plan B : Cut above 1720
Plan C : Consider buying if market stays firm above 1711
Plan D : Cut below 1709
FCPO
FCPO remain stagnant for the second day after failing to breakthrough 2649 on Friday. Dalian and soybean oil are lying at negative territories while Ringgit stays at RM4.11 against the greenback.
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Plan A : Sell if market failed to hold above 2607. Targets are 2582 and 2566.
Plan B : Buy only if market stay firm above 2607. Targets are 2627 and 2643.
Plan C : Above 2617, no fresh position.
Plan D : Below 2597, 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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