U.S. stocks fell on Tuesday, with the S&P 500 trading in its tightest daily range in nearly a month, weighed down by earnings-related selling in Wal-Mart and a drop in commodity stocks on concerns about China's economy.
Chinese stocks plunged more than 6 percent on Tuesday, their biggest fall in three weeks, on speculation the central bank may be in no rush to ease policy further and concerns a further weakening in the yuan would hit importers.
Plan A : Above 23709, do nothing
Plan B : Below 23427, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 23535
Plan D : Cut above 23709
Plan E : Consider buying if market supports well above 23427 and rebound
Plan F : Cut below 23427
FKLI
Market did a remarkable recovery yesterday, holding above 1560 level for the most of afternoon session despite losses in regional markets. Market will be tricky today with buyers and sellers battling out once again to be the winner. A technical rebound is on the card if market could hold firm above 1563.5 level once again today.
Plan A : Attempt buying if market retrace and hold firm above 1563.5
Plan B : Cut below 1558
Plan C : Attempt selling if market rebounds but fails to break above 1586
Plan D : Cut above 1598
FCPO
FCPO progressed to rebound since the low at 1959 was in sight. Market was busy running up and down shuffling out the intraday investor these days after the great rebound. Dalian and overnight soybean oil are quite weak whilst Ringgit is hovering at RM4.09 against the US Dollar. Market seems well supported at this stage, however, investor might expect a weak opening due to the regional markets
Plan A : Overnight buyer may hold on if market could support above 2031. Target is 2091 and 2135.
Plan B : Intraday investor may buy if market could stabilize above 2047. Target is 2073 and 2082.
Plan C : Seller may stay out and watch until there is a chance.
Plan D : Above 2070, do nothing.
Plan E : Below 2030, do nothing.
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*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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