MarketWrap: profit taking.....50:50 tomorrow

Fbm/fkli upbeat tone lasted till 10.00am, it was all the way profit take for the rest of day. Selling more aggressive in the PM where regional also saw gains reduced.

Fkli bounced off it lows after fbm jumped 4p at preclosing phase, from 1242.95 to 1246.86,year best closing!

A drastic ( closing below 1250 ) but still healthy pullback( above 7SMA ) Upside potential remains intact, more likely next week though. It seems a “consolidating Friday” and defensive play tomorrow unless DJ make more than 50 points gains tonight.

Use 1250 as the flat line to decide intra-day signal.