Monday, October 05, 2009

FKLI : morning gossip...1200-1208

DJ -24, ending the week on negative tone as employment data sucks. This week, no significant data, maybe Thu's weekly jobless claims. Going forward, empoyment data will take a back seat as 3Q result's play will dominate the scene.

8.30 : DJ futs +10. NK -10. Kos -20/-2%. Ringgit strong. Commodities weak, except gold, strong support at $1000.

Another testing day for fbm.fkli amid a lack of +ve external to support Fri's follow through. Will start the day defending 1200 instead of attacking 1210. Will have to wait for HS opens before any big move.

A sell market below 1210, but above 1200 no strong sell signal.

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