Morning start...fkli firm 1510-12 fcpo firm 3080-90

The big one is nothing. DJ +26, no upside surprise by Fed, stimulus yes but did not top US$1t. "The Fed said it will buy$600 billion in long-term Treasuries by the middle of next year, at the pace of $75 billion a month" ..CNN. Europe -0.3%


8.30 : DJ futs -2. Regional firmer tone. NK catching up yest tone plus weak yen effect today, +150/+1.6%. Commodity also firm tone on "more liquidity" effect but looks slow.

fkli : upside potential but like yest have to wait for fbm to> 1510 b4 engaging 15-20 range. Immediate support is raised to 07 but looks like 10-20 range. Major dw side risk if fbm <06.

fcpo : SO +0.2%. support tone but upside momentum above 3100 ?. Aiming for a closing > 3100 today. Without strong external cue, a tug of war game will continue. Below 3080 is sell tone.