Thursday, May 13, 2010

Morning start...fkli strong 45-50 fcpo firm 2500-2520

DJ +150, as European debt noise faded and investors focused on an improving domestic economy and corporate earnings. Europe +2%. All back above to last week's selloff lvl/

8.15 : DJ futs -11.Regional +1.5%. Commodity mostly flattihs while GOLD continues to churn out historical highs, +0.5% nearing 1240.

fkli : Dj will reinforce fkli tech follow through aiming at 50., 43-50 unless fbm does something stupid. fkli seen bullish if > 43 with fbm > 46. fbm likely to make attempt at 50 for 46-50 range. A breakout for both above 50 today?....maybe heavy today.

fcpo : SO remains its flattish stance., +0.2% helping fcpo to stay abvoe 2500 again ? fcpo seen lies within 2500-2520 again

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