Thursday, February 17, 2011

Morning start....fkli firm 1507-10 fcpo firm 3750+

DJ +60, Europe+1%, M&A and earnings drive stocks to fresh highs.

8:25

--DJ -2. REgional +0.6% to +1%. Commodity firmer tone. CO +0.5%

FKLI
-with fbm seen testing 1510-13 upside range, fkli will start on +ve tone, 1507-1510. Intra day +ve if > 1505, targeting bullish range of 1510-1520.

FCPO
-SO +0.2%, only small recovery. Danger of a breakdw under 3740, targeting 3700, looms in opening trades. Abive 3750, is bounce mode, targeting 3750-3780 neutral range.

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