FKLI : morning gossip..1260-1265

DJ +200/+2% after the government reported a bigger-than-expected drop in jobless claims, and a number of retailers reported improved October sales...CNN. DJ/Europe erased losses in Asian hours.

8.30 : DJ futs -6 . Regional +1% to +1.5% range. Commodities softer . Looks like a slow day.

Fkli a gap up but where ? ..i think near 1260 waiting for fbm to show its color. The Q can the initial power last ...im always cautious on gap-up. But take bullish strance if mkt above 60. Below is trading sell targeting the gap window...which will serve as a strong support.

For the week, a closing above 60 is bullish momentum for next week.