FKLI : morning gossip

DJ +70/+1%

DJ futs -9p. NK -0.5%. KOS -0.1%

Cash above 970 -buliish. FKLI above 980 - bullish. Meaning another fresh run is possible. The market is seen keeping its bullish outlook as Najib feel good talk factor continues. Najib is expected to "talk" about financial sector next week following this week service sector "talk"

Momentum is positive. Fresh sellers should wait for a turn in momentum first and not aim for "high" price. Both mkts are unlikely to see sell signal on a daily chart today.

FKLI is seen range bound 980-990, bears can take consolation if no new highs are created.

FKLI May09 is called to open within 980-985 band.