FKLI : morning gossip

DJ +235/3% on home improvement retailer's, Lowe, upbeat outlook, a positive housing private report ahead of Tues data and a Bank of America's stock upgrade by Goldman Sachs.

DJ futs +2 Nk +255/+3% Kos +2%

FKLi is seen opening higher within 1015-1020 range. Upside target is 1030++. A bull mkt to begin with, no doubt but can the mkt main tain above short term SMA. The mkt is unlikely to make bullish move but is likely to shift it negative to neutral, if not, positive ( middle band of the recent trading range)

Trading short positions need to be reevaluated if mkt closes above 1015.