FKLI : morning gossip....1040-1045

DJ -16.

8.20 : DJ futs +4. NK +20. Kos +2. Commodities higher.

Looks like a quiet mkt before HS opens. Given strong commodity price and it positive correlation to equities, the mkt is seen firm taking advantage of yesterday solid performance. At best the mkt may put itself near critical resistanve lvl. A breakout to neutral ground is unlikely today.

Watch out for price action near upper lvl to judge players convinction that this is still a sell mkt.

Both mkt is seen trading within 1040-1045 in the early stage. The mkt may open soft as fpr a lack of overnight DJ support to yesterday klci's gap-up in the preclosing stage.