Friday, June 05, 2009

FKLI : morning gossip

DJ +70/1%, led by energy, financial and tech shares, as investors welcomed signs of improvement in the labor market ahead of the big monthly jobs report...CNN.

European clsed marginally higher, sharply off thier highs

DJ futs +6. NK +80/0.7%. Kos +10/+0.5%

Looks like a firm start today. Trading range is raised to 1065-1075 in the few first hours of trading. Given the already-strong-premium, Fkli may not open above 1070 resistance before cash opens. Still, initial movement is up.

Above 1060 is a buy market. Q is can the mkt finishes above 1070.

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