Monday, July 13, 2009

FKLI : morning gossip....trap 1060-1070

DJ -34 overnight but DJ futs +30 at 8.35 am local time.

8.35 : mixed regional, flat. NK +21 Kos -13.

FKLI is seen stuck at 1060-1070 range. FBM must cross above 1070 to cheer up the mkt. Otherwise a boring mkt till Tues awaiting fresh signal from US after its earnings report. At the moment the mkt is upward bias.

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