-after ignoring regional gains, on banks’s rebound (bargain activities?) and resources stocks (CO+3%), for most of the day, fbm crawled higher in the last 30 mins. CPO-related stocks remained sluggish all day despite fcpo at 2-week high.
-fkli caught up between “weaker” fbm and “stronger”regional but overall firm tone, thanks to HS +450, with 2 attempts at 1270 in the PM but …yes….dragged by fbm.
-technically about the same, locking 60-70 again, stuck at 7SMA or 70 roughly. But could provide trading buy signal if mkt trades above 70 tomorrow, especially if fbm can trade above 1270, targeting 1280. This would push the mkt into a consolidation band of 60-80 in the coming days with upward bias tone, if above 7SMA.
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