Morning gossip... fkli hold, fcpo bearish

DJ -100 as JPMorgan reported big losses on credit card and mortgage loans, concerning investors who were looking for signs that credit is improving.

8.30 AM : DJ futs -10. Regional at -0.5% to -1%. Nk -160. Commodites in line with equity, about -1%.

FKLI - while lack of follow through incentives, the mkt is seen softer within 95-00 again. The market is expected to stay above it immediate support of 7SMA.

FCPO - bearish trend continues wiht SO and CO near- 2%. This would mean FCPO Apr is lookint at 2450-60 for start, dw about RM40. Below 2471 is intra day sell. Dw side is 2400.