FKLI : morning gossip....1080-1085

DJ +60/+0.6%, with investors starting off the third quarter on a positive note, after reports on manufacturing and housing added to bets that the pace of the recession is slowing. Pending home sales rose 0.1% in May. ..CNN

8.30 : DJ futs -3 NK +3 Kos +1. Commodity mixed to lower.

DJ gains probably enough to give the mkt a firm tone but a breakou above 1090 is unlikely at least not till HS reopens. Regional is seen digesting yesterday's gains. A slow start and if no major breakdown, momentum should pick up later.