Morning start..fkli soft 1338-40 fcpo weak 2450-2470

DJ -100, as investors stepped back after propelling markets 5% higher in just three days..CNN. Europe mostly higher by +1%.

8.20 : DJ futs -11. Regional -1%. AUS/KOS -1% NK -1.8%. Commodity falttish, soft ter tone, -0.5% to -1%.

fkli : cautious start due to mixed external and SIME, unlikely to see attempt at 50 today, more towards defending 40, 35-40 if fbm < 44. Above 40, is intra-day buy.

fcpo : SO -0.5%, likely to push fpco lower by a notch, 2450-2470. Below 2450 is bearish.