Equities mkt took a dive in the PM session as GM/Chrysler news dominated players sentiment (see below: breaking news) NK/HS/STI down 4%. The rest lost between -1 to -3% range. DJ futs –190 at 5.15pm.Our cash –16.09/–2% at 869.34. FKLI –20p at 867.0.
FKLI took out multiple supports. Next sell call is when it breaks the yellow line (14SMA), targeting the down-arrow. If firm tomorrow, the mkt can bounce towards the pink line (7SMA)
TAKE NOTE that Asia mkt already factored-in a 200 drop in US tonight. Don’t be surprise if FKLI opens firm if US falls less than 200p tonight.
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