Monday, May 03, 2010

Morning start...fkli soft 40-45, fcpo weak 2530-40

DJ registered first week loss in 8 on financials worries Fri. after S&P dwgraded Goldman Sachs. Europe -1% last Fri.

8.25 : Dj fyts +40. KOSPI -0.7%. Commodity mixed, GOLD and CO extend gains, +1%.

fkli : hopefully strong DJ futs will cushion some of Fri's losses effect, limiting dwside above 40. Still, a defensive start., 40-45 range.

fcpo : SO -1%. It looks like back to square one for fcpo despite a strogn closing last Fri. but expect to firm at support lvl. Abve 2530 is intra day +ve.

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