Trade Ideas 27th Oct 2015

With the FOMC Int rate meeting looming, uncertainty has crept back into the markets. Market do not like uncertainty and we see that the market has been going down abit. Here we have Keppel breaking down the $7.16 support level and going towards the $7.01 level. Also, MACD crossover, and RSI going below the 50% line. (See below)

Conclusion: Short and cover back same day. (FOMC might not raise IR, which will be bullish to the market.)