FKLI : morning gossip....1160 for the start

DJ +190/+2%, hitting its highest point since November, as investors welcomed better-than-expected quarterly results and home sales. June existing home sales rose to a 4.89 million unit annual rate from a revised 4.72 million unit rate in May. And a case of " bad but less bad "....unemployment rose to 554,000 last week from 524,000 in the previous week. CNN

8.35 : DJ futs -30. NK +1% Kos +0.5% Crude oil very strong, like in the past few days., nearing $70 again.

At 1% gains, fbm.fkli are seen testing their respective highs of 1060++. Another run is possible b4 intra-day profit take set in. If so, 1160-1170 would be the immediate trading range and support is raised to 1154.5.