Morning start....fkli soft 1520-23 fcpo weak 3670-90

-DJ -3, Europe -0.5% amid weaker UK 4Q10 GDP . But, off lows amid strong US earnings.

8.30

-DJ futs -3. Regional, mixed, somewhere between plus and minus 0.5%. Commodity class mostly lower. CO -1.5%

FKLI
-at the mercy of Fbm, near 20-25 range b4 fbm opens with cautious tone. 1520 is the next major support for both fbm.fkli. Below 1530, chart is bearish. A bounce, if any, targert 35+.

FCPO
-SO -1.5%. looks like a bear day. 3650-3700 range if fcpo opens under 3690. Testing uptrend support scenario.