Friday, November 12, 2010

Morning start...fkli weak 1510-12 fcpo firm..3420+

DJ -74, Stocks sold off at the open and never looked back Thursday after a disappointing outlook from Cisco Systems dragged on the technology sector all day....CNN. Europe -0.5%

8.25 : DJ futs -12. Regional mixed. NK -50/-0.5% but KOS +2%...face value as G20 host ? Commodtiy mixed. CO -1% GOLD +0.5%

fkli : weak tone and danger of a pullback towards 1500 if 1510 fails. Immediate resistance is lowered to 1515.

fcpo : SO +1.5% , 3400 is back to play on external strength while profit take will continue above 3400 this week. Above 3400 is upward bias. No major fresh selling seen if fcpo > 3370.

No comments:

Post a Comment