Morning Gossip....fkli bears at 60++ fcpo negative RM20-30

DJ -115/-1%,with techs falling after cautious outlooks from Qualcomm and Motorola. Ongoing worries about the labor market also gave investors a reason to retreat..CNN

8.20 : DJ futs -10. Regional -1.5%..NK -145 Kos -30. Commodities softer tone...-0.5%


Fkli- will move back towards 60 with strong potential of another leg down toward 53++, if fbm breaks 60. Below 65. is a sell mkt.

Fcpo - with SO -1%, it looks like Apr will continue to stuck wihint 2400-2450 range but favor bears today. ...towards the lower end. Given SO price now, 2400 should remains as a support with Apr calling to open near 2430, about 20 t0 30 lower