Thursday, April 15, 2010

Morning start.. fkli bullish 45-50, fcpo firm 30-50

DJ +103, INTEL passing the baton to JP Morgan. Strong retail sales in March also helped. Europe +0.6%

8.20 : DJ ftus -5. Regional strong, NK +0.8% Kos +0.4%. Commodity strong, GOLD +15 CO +1.5%. Ringgit back to its recent highs. 3.18xx.

fkli : not too sure of a breakout of a fresh lvl but mkt is expected to park the near 50 if fbm steady above 40. fbm is expected to test 40-44 range .

fcpo : SO +0.2%, but strong RM may again hamper upside run. Jun10 is seen starting near 30 and possibly stuck within 30-50. Above 2520 is intra-day buy start.

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