Friday, January 15, 2010

FKLI wrap: finally..a bullish breakout..yeahyeah!!!



-regional mixed but generally Ok tone. DJ firm in late Asian hours from -20 to 0 while Europe starts on firm - just positive

-fbm upbeat in AM, off steam in PM after HS takes 3-digit losses around -120. Manage to park near 1300 on late buying activities. Other external markets steady or firm.

-fkli.fbm while off highs, still consider a positive tone technically, especially Fbm, setting a strong springboard for a new trading range of 1300-1320. Bulls’ patience pays off at the end of the week after almost 7-days of flip-flopping. Hopefully external will reinforce follow through next week.


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