Friday, March 25, 2011

Morning start...fkli firm 1515-20 fcpo strong 3310-20

DJ +80, Europe +1.5%, as positive earnings in the technology sector offset ongoing concerns related to Japan and spreading unrest in the Middle East...CNN

8.25
DJ futs +20. Regional +1%. Commodity firmer tone.

FKLI
chance to visit 1520 and takes the upper band of 1510-20 range today. To sustain above 1520, fbm must first clear 1515. Above 1515 is bullish. Looking for strong weekly closing.

FCPO
SO +2% , a big favor for fcpo bulls. 3300-3350 neutral range seen. Upward bias tone on tech bound tone, back above 3300. Major selling is only expected if 3250 fails to hold again.

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