Friday, January 22, 2010

Morniing gossip..fkli negative, fcpo soft

DJ -200, after the Obama administration announced a proposal to increase regulation of the nation's biggest financial firms, plus China's move to limit lending since Thu.

8.30 : DJ futs -9. Regional 1% to 2% lower. NK -200 Kos -23. Dollar strong, commodities weak, mostly near -0.5% but CO -2%

Fkli -another test. can fbm fend off DJ losses like yesterday? Probably not, with profit take selling ahead of the weekend too. Fbm is seen returning back towards 1300. Hope for fkli to stay above 1300 is still alive. ..hoping for late bounce after early selloff.

Fcpo - soyoil near -0.5% adn external factors will hamper bulls effort to regain 2500 psycholigical lvl. Apr is seen traading 2450-2490 range.

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