Wednesday, July 14, 2010

Morning gap-up...fkli strong 1345-50 fcpo strong 2560-80

DJ +150, ,as investors welcomed Alcoa's better-than-expected profit report and a well-received auction of Greek debt that lifted global markets and strengthened the euro..CNN. Europe +2%


8.30 DJ futs +70. as Intel topped expectations. Regional +1% to +2% Commodity strong on weaker US$. CO +2.5%. GOLD +1%


fkli : fbm is seen testing 40, so fkli is likely to park near 45-50. Watch out for mkt reaction near 1350, if any, resistance for intr-day sell. Otherwise, above opening price is intra-day bullish. Immediate support is raised to 1340 from 1333.

fcpo . like all prodcut, SO churns strong gains, +2%. This would give fcpo a follow through activites for a 2350-2400 play. At current SO lvl, fcpo is seen 2370.

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