FKLI : morning gossip...1165-1170

DJ finished strong last week on housing data.

8.30 : DJ futs +11. Regional very upbeat. NK up almost 3% . Kospi +1.5%.

With Asian currency and commodities strong in early going, maybe the Fkli's bulls will have a better upside luck this week.

Market is seen strong near 1170 first before making the next moves. This would be the first time in 5-day that mkt can really challege short term resistance lvl. Can mkt sustains....i bet yes but would not run far, instead creating a strong base for Sep's breakout. ...fingers cross.

Above 1160 is a buy mkt.