Monday, July 26, 2010

Morning start..fkli strong 1354-55 fcpo 2490-2500

DJ +100 as most Europe's bank passed stress test, re-focusing on +ve earnings. Europe mixed on Fri.

8.25 : DJ futs -8. Regional +0.5% to +1%. Dollar weak. Commodity flat.

fkli : good chance for fmb to renew ytd high. +ve to bullish if fkli > 1355 but looks like a 50-55 play on expectations that fbm till take 46-50 range.

fcpo : SO flat, mixed. 2490-2500 neutral range,a breakout will decide its itnraday tone. Dwward-bias, more pullback if mkts 2535.

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