Monday, November 02, 2009

FKLI : morning gossip ...35-40

DJ -250 on profit take selling, no change of fundamental seen.

8.30 : DJ futs +20. Regional dow -25 to -3%. Commodities extend Fri's losses, -3%. Dollar weak.

It seems a tall order to turn positive, above 40, on daily basis today. No position-long foresee today. Fkli is seen starting near 35, assuming a 30-40 range. 30 look safe in initial trades but risk of breakdown is great unless regional rebounds later from their expected gap-down opening.

Sell on weakness mkt going into the week.

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