Friday, May 29, 2009

FKLI : morning gossip

DJ +100/+1% , stocks ended a volatile session higher Thursday as the government's most recent debt auction saw solid demand and a rise in oil prices boosted shares of energy producers. ..CNN

DJ futs -5. NK +21. Kos -2

FKLI is seen moving back up towards the middle sideways-range of 1040-1060. The mkt may remain above 7SMA after all for the week but may not reverse this week toppish outlook today.

Buy above 1045.5 for position trade.

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