Morning start...fkli bearish 1548-50 fcpo weak 3330-50

DJ worst day of the year on weak private employment, manufacturing dataand Moody dwgrades of Greece's bond. DJ -300/-2%. EUrope -1%

Regional -2%. DJ futs -10. Commodity mostly lower except GOLD. CO -2.5%.

FKli testing 7SMA support near 45, risk of kneejerk towards 40. upper range of 40-50 band in early trading. Upside target is lowered to 50-55.

FCPO SO -0.4% spillover bearish equity tone will add pressure. Bearish if < 3350 but 3300 looks strong support with the current SO and RM lvl. 3300-3350 range