FKLI : morning gossip....1220++

DJ +131/+1%, gaining for a second straight session as a weaker dollar boosted commodities and dollar-sensitive stocks, fostering a broad-based advance. ...CNN


8.20 : DK futs +10. Regional +1% to +1.5%. Dollar at year lows, gold/ringgit at year high, commodities firmer in early Wed.

With expectation that fbm will return to 1220, fkli is seen at 1220-1225 in early hours. And if there is any dissapointment from fbm department, range is lower to 1215-1220. But for the start high expectations again.

Technical objective for bulls is to see fbm above 1220 and fkli above 1225 on closing basis.