Thursday, January 28, 2010

Morning gossip...fkli firmer fcpo negative

DJ +40 after the Federal Reserve held interest rates steady. Stocks churned before and after the Fed statement, with gains in technology, telecom and financial stocks tempered by weakness in industrials and commodities...CNN

8.15 : DJ futs +14. Regional +0.5%. Commodities weaker tone, like 1%.

Fkli - recovery tone within 60-70 range. Above 60, no strong sell signal today. But again, can the mkt sustain a recovery ?

Fcpo - commodities lower across the board. SO -1%. This would bring Apr10 back to 2400++. Immediate resistance is lowered to 2430 from 2450. And downward risk is expanded towards 2370+.

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