U.S. stocks retreated, with the Standard & Poor’s 500 Index slid 0.5 percent while Dow Jones Industrial Average fell 0.6 percent (-107.67 points) ahead of the Federal Reserve meeting, mainly caused by the worry over Greece and factory data were weaker than forecast.

Hang Seng remained weak with minimal rebound yesterday while Asian shares nursed marginal losses early morning lead by the weak Dow and S&P.

Plan A : Fresh seller or intraday investor may sell if market could rebound and resist at 26784. Target is 26287 and 25809. Hold overnight if market could hold below 26400 during closing.

Plan B : Buyer may stay out today.

Plan C : Above 26800, do nothing.

Plan D : Below 26500, do nothing. 

FKLI

Market continue to slide today as Dow fell 107 points overnight.

Plan A : Overnight seller hold on to position. Resistance is looking at 1715. Target is 1655.

Plan B : Intraday seller may sell if market could rebound and resist at 1715. Target is 1696.5 and 1666.5.

Plan C : Buyer stay out of market.

Plan D : Above 1715, do nothing.

Plan E : Below 1700, do nothing. 

FCPO

FCPO rebounded to the same high as two days ago and quickly retreated before yesterday closing. Dalian and soybean oil are slightly up while Ringgit strengthen to RM 3.74 today. Market might still head South today with Ringgit giving some leeway. However, investor do not be aggressive as market has been quite flat at day trading.

Plan A : Overnight seller hold on to position. Resistance is 2286. Target is 2245, 2235 and 2201.

Plan B : Intraday investor may sell if market rebound and resist at 2276. Target is 2245 and 2235.

Plan C : Buyer may wait for market to consolidate for a buy. Support is 2263 and 2268. Target is 2290 and 2308.

Plan D : Above 2300, do nothing.

Plan E : Below 2260, do nothing

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