Tuesday, January 19, 2010

FKLI wrap : candle like this? consolation..fbm >1300


-a very quiet day for a lack of DJ stimulus… not much today, playing safe mostly. While fkli finished at its low, it was encouraging to see fbm play catching up with a closing above 1300.

-regional mixed, off to a shaky start but HS, +220, powered back strongly in late trading. Europe/DJ futs not so healthy, -0.5% in late Asian hours.

-not an encouraging candlestick but overall outlook remains the same..but in need of some external push. While yet to give up to the upside, cautious if mkt trades below 1304.5.


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