Thursday, January 27, 2011

Morning start...fkli firm 1523-25 fcpo strong 3710-20

-DJ +8, with the Dow and S&P finishing at their highest levels since the summer of 2008, after the Fed kept rates steady and left its bond-buying plan alone. Europe +1%

8.30
-DJ futs +1. Regional near +1%. Commodity strong rebound, +1 to +2%.

FKLI
-firmer on expectation that fbm will test 25 resistance again on rebound tone, > 1520, amid +ve external. with major target seen near 40 this week. Below 20 would likely to see immediate follow through selling towards 10 today.

FCPO
-SO +2%, back to this week upper band ( so far), 3690-3740 but unlikely to take out major resistance lvl today, just alternating between support-resistance and wait for next day.

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