Monday, June 13, 2011

Fkli wrap...sayonara to a 1-mth old uptrend




No panic despite DJ -200 loss Fri. Not only regional steady near -1% in AM but higher in PM.



Fbm weaker in PM despite regional off low tone, HS +0.5% from a low of -1% in AM. Last week big winner leads loser today, GENTING. EU +0.5%, DJ futs +20 fail to inspire last week’s bulls. Fkli drifts from 45-50 AM to 40-45 in PM

Tech weakness likely to pressure in coming days as mkts r now in –ve zone, under 50. Fbm ends its 1-mth old uptrend momentum and seen moving sideways first , 30-50. Fkli could shift to 20-40 if under 40 tomorrow.

No comments:

Post a Comment