DJ -23, trimmed gains afer Fed said economy is still contracting albesit slowing and weaker than expected home sales data. Consolidation phase. But, European clsed higher, Nasdaq and S&P also higher.
8.20: DJ futs -3. Nk +40. Kos +9.
FKLi is likely to consolidate within "meaninglees" 1050-1060 range first before any attempt at 1070. Downside looks limited at this point but the current external may not be enough to trigger a sustainable breakout above 1060. Strong upside will depend on HS perfomance today.
Above 1050 is a buy mkt.
3 years ago
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