Thursday, April 08, 2010

Fkli wrap...massive selling in late PM..fkli









Massive late selling in PM after Europe tumble 1%, DJ futs -50. "as worries about Greece's fiscal health continued to weigh on sentiment, with rate decisions from two of the region's central banks on tap. " MW


Fbm did not respond to Europe but knock off fkli, selling started from 36 all the way to 29 in the last 1 hour or so.

Trading sell, below 7SMA, mkt may last for the week unless externals improve tremendously. Trend is likely to remain up though so just in case, mkt sees strength instead of further pullback tomorow…buystop 37 or 40.5 Otherwise, bargain buy near 15-20.

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