Tech weakness pressured, tech selling in early and late trading noted. And buying momentum was weak, despite firmer fbm, as regional.europe.dj futs starts 3Q10 with losses. Europe/DJ futs -1% in Asian hours, off lows.
Both fbm and fkli did not move much. Fbm outperformed, keeping fkli above 1300 but discount, reflecting bearish tone.
Technically, hanging by 1300-cliff. It does look like mkt “wants” to rebound but waiting for externals encouragement.
Bearish if < 1310, potentially 1271-1300 this week if breaches.
No comments:
Post a Comment