Thursday, February 18, 2010

Fkli wrap...profit taking day..no big damage yet




AM all quiet, weak externals in PM but fbm resilient, not wanting to give up 60 yet despite profit take pressure after 4-day of 25p gains. Fkli of course played cautious and steady near 50++ at a wide discount b4 a pre-closing phase push of 2p. Quiet day, thin vol, near record low this year.

-HS flat in AM, weaker in PM, -110. DJ futs also minus -30. While Europe marginally lower., -0.1%
-no more steep uptrend momentum but not yet a sell mkt, just shifting to consolidation phase ( horizontal lines range) – trading within a cluster of SMAs while anticipating the next big move. A strong sell if and only if 7SMA breaks. Position-buy lvl is lowered to 1258 stop.

No comments:

Post a Comment