Wednesday, April 14, 2010

Morning start..fkli strong 1340+- fcpo 2530-2550

DJ +13 , as INTEL +ve beats Alcoa -ve. Overall still a mixed mkt with reporting noises. But the big trend is seen higher. Europe lower , 0.3%

8.20 : DJ futs +18. Regional +1%. NK +86. Kos +17. Commodity firmer tone but lackluster. GOLD flat. CO +0.4%.

fkli : while DJ not much moves, it seems regional more upbeat than yesterday with DJ futs +20. Still, expect a mixed day as upside will face profit -take sell pressure near 40++. Above 35 is a buy mkt. For sustainabel gains above 40, fbm needs to break 36 first.

fcpo : SO +0.2%. familiar ranges for fcpo but higher probability of parking near SMAs resistance, even though a breakout is unlikely today. Above 2520, is a buy mkt

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