Monday, April 19, 2010

Morning start.. fkli weak 1330-35 fcpo soft 2500-30

DJ -126 on GOLDMAN SACHS fraud charge. No fundamental change but a big and short term noise. Europe near -1.5% . This week, focus again on 1Q reporting and Thu's home sales data.

8.20 : DJ futs -35. Regional -1%. Commodity -2%. GOLD -2% CO -2.8%.

fkli : is seen protecting 30 first till fbm opens. but looks like to trade within 25-30 range once fbm breaks 1330 lvl. With the mkt testing support lvls, not encourage to turn position long yet, the mkt is unlikely to make any big buy signal today except for intra-day bargain buy near 20-25, if any.

fcpo SO -0.5%. unlikely to trigger a sell dw below 2500. Jul10 is seen moving within the recent ranges near 20-30 again.

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