Tuesday, April 12, 2011

FKli wrap.. another selloff on regional weakness

equity extends selloff in a big way too amid Japan nuclear crisis newly Chernobly status and HK warns “too much lending”. Plus, weak commodity prices drag resources stock. Regional near -2% while Europe/DJ near -1%. Fbm.fkli also hit with tech short term bearish outlook but support this week at 20+ if external steady tomorrow. Too late for position sell, knee jerk sell yes towards 1500. But bounce is likely towards the weekend.

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