Monday, May 30, 2011

Morning start..fkli firm 1548-50 fcpo soft 3430-40

DJ clsed Mon , memorial day. DJ.Europe Fri's gains, +0.5%/+1% perfomance will limit regional dwside.

8.30 Regional lower near -0.5% for a lack of commofity gains. Commodity flat.

Fkli 50-targeting as bullish if > 45. Risk of pullback towards 35 if 45 fails to hold. But likely 40-50 play.

Fcpo SO -0.3%, 20-50 neutral range, wait for breakout, especially breakout higher to generate follow through tone.

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