Wednesday, January 20, 2010

Morning gossip ...fkli bullish, fcpo negative

DJ +120 with IBM leading a tech charge ahead of its quarterly results, released after the close of trade. A variety of health care and consumer product companies also added to the run, as investors sought to restart the run...CNN

8.30 : DJ futs -12. Regional near +0.5%, Dollar strong but CO and Gold also strong. Agri lower

FKLI - DJ strong bounce is what the mkt needs...in line with internal sentiment. Good chance to take on a new trading band of 05-10. Fbm must not dissapoint today, like going under 1300. Fbm seen near 1305.

FCPO - SO is trading lower by almost 1% at time of writing. Apr10 is seen opening around 2470++ and probably give 2500 a miss and stuck in negative zone, within 2450-2490.

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