FKLI peaked at 1687.5 despite the overnight Dow rallied for more than 1000-points. The market failed to break above 1687.5 for several attempts and gradually declined and closed at day's low at 1680. This indicated that the market is slightly overbought now and the bearish signal starts to kick in. However, with the year end window dressing effect, the market may have some wild swing before to end the year with a bang.

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Plan B : Cut above 1701

Plan C : Consider buying if market firmly supported above 1679

Plan D : Cut below 1675

FCPO

FCPO is expected to take another beating today after overnight bean plunged. Market look likely to be under pressure today with bearish sentiments all over. Ringgit strengthened to 4.155 against the green back today.

Plan A : Sell if FCPO prices remain trading below 2109. Targets are 2091 and 2076.

Plan B : Buy only if FCPO able to rebound from 2076. Targets are 2100 and 2109.

Plan C : Above 2109, no fresh position

Plan D : Below 2091, 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.