Wednesday, October 14, 2009

FKLI : morning gossip...1235-1240

DJ -14, bracing for financial sector 3Q earning, starting today.

8.15 : Regional firm on DJ futs, +70. NK flat. Kos +1% Commodities storng on dollar weakness.

Another mixed signal and likely cautious day. For the start, the mkt can count on DJ futs to maintain firm above 30. Any upside is seen limited near 1240.

Fbm must breakout of 1230-1235 to bring life back into the market.

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