FKLI : morning gossip...O1063++, 1060-1075

DJ +40, a late-session run up in biotechs and consumer issues helped the Dow turn positive.

8.30 : DJ futs -10 NK -4 Kos +5 Commodities stready

Even though it was a last min thing, DJ better-than-expected closing would spark short covering here. but trend is unlikely to turn +ve on a daily basis, may back to neutral zobe at best. The erratic "one-day-up-one-day-down" stance seems to be the flavor recently!

As far as SMA lines are concerns, cluster together and flat, point to zero direction. Position traders are likely to stay out in mkt like this.

Below 1070, still a sell mkt. 1070-1074 neutral.