Friday, April 23, 2010

Morning start.... fkli steady 40+-, fcpo firm 2480-90

DJ +9, recovered from low, with commodity and financial shares erasing losses after concerns were reignited Thursday after an EU report suggested that Greece's 2009 deficit was bigger than the government reported...CNN. But Europe dw -1%.

8.20 : DJ futs -9. Regional softer tone. NK -50/-0.5%. Kos -0.2%. Commodity looks quiet and mixed. CO +0.5% GOLD -1%.

fkli : for a lack of DJ gains, fkli is seen in and out of 40 first, waiting to see if fbm will make a move to break 40. As long as fbm > 35, fkli likely to maintain it premium, near 38.

fcpo :SO -0.2%. fcpo is pegged at 2480-2500. Upside potential is raised to 2515 if >2490. Below 2480 is intra day sell tone.

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