Friday, October 09, 2009

FKLI : morning gossip...1230-1235

DJ +60, after a report showed an unexpected drop in jobless claims...CNN

8.30 : DJ futs +5 Regional near +1% gains. Commodity strong as dollar's slip continues. Gold at record high, near $1060. China reopens today.

While DJ posted gains, it was smaller than mkt expectations of at least triple digits gains. So the mkt may just stay near 1230 until SH or HS open. So far 1230-1240 range remains ideal, with expectations for fbm to opens higher b4 any profit take.

Above 1230 is bull mkt. Below it, is weekend profit take activities.

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