FKLI : morning gossip

DJ +100/+1%, after reports about the government's "stress tests" suggested that the major banks are better capitalized than some had thought. Also helping: jobs reports that suggested the pace of the slowdown is easing.

DJ futs -7p.

NK +124/+1%. Kos +1.4%

Our mkt is in a good position to place itself near another peak of 1040.35/cash and 1039/flki.These two are considered the main resistance before the next hurdle of 1100. 1100 seems a better bet next week as the mkt obective for the rest of this week is to tackle 1040-1050 resistance and stay above 1000.

Above 1020 is a long mkt. Below 1020 is trading sell, targeting 1000++.