FKLI

Wall Street stocks jumped almost 2 percent on Wednesday in the latest volatile session as investors weighed the impact of a stumbling Chinese economy and global market turmoil on the Federal Reserve's impending decision about when to raise interest rates.

FKLI tumbled to a low of 1547 yesterday from a high of 1577 before eventually settled at 1552. Although market is visibly weak, sellers must not sell at too low level as market likely to consolidate further before a real trend down. Strong gains from overnight Dow will set FKLI for a higher opening today and could present a chance to short if market couldn't sustain its surge up. 

Plan A : Attempt selling if market gap up but fails to break above 1572

Plan B : Cut above 1578

Plan C : Consider intraday long only if market holds firm above 1562

Plan D : Cut below 1557

FCPO

FCPO consolidated on Monday, leaving the market with gloomy mood. Dalian is closed for two days while overnight soybean oil was down US$0.46. Ringgit stays put at RM 4.23 against the greenback. After a recent rally, it is normal for market to consolidate. However, market has not shown a clear direction so therefore, investor may wait for the next opportunity.

Plan A : Intraday investor may sell if market could no break 2006. Target is 1967 and 1941.

Plan B : Buyer may stay out unless market could stay above support. Will keep you updated, subscribers.

Plan C : Above 2010, do nothing.

Plan D : Below 1960, do nothing.

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