Thursday, September 17, 2009

FKLI : morning gossip....1220-1225

DJ +108/+1% , pushing Wall Street to its highest level in a year, with a rise in industrial production and a spike in commodity prices and equities fueling the advance...CNN

8.30am: DJ futs +10. Regional +1%. Dollar weaks, commodities strong

Expecting a bullish start within 1220-1225 range. Based on fbm.fkli relationship, fkli top seen at 1230 as fbm may just get stuck at 1225, representing 1% gains. fbm will play catching up with fkli again.

Above 1220 is a buy today.

No comments:

Post a Comment