Friday, October 30, 2009

FKLI : mornign gossip....1240-1245.

DJ +200/+2% in a broad-based advance as a strong report on economic growth in the third quarter reassured investors that the recovery is on track. 3.5% vs 3.2% est. ...CNN

8.20 : DJ futs -8. Regional doing +0.5% to +1%. Commodities rebounding mode.

Fkli is seen steady near 45++, waiting for fbm. Expectation is for fbm to retest 50 and trade within 45-50. Stronger tone today with fkli seen at intra-day buy zone, above 40 but unlikely to clear major resistance lvl, like 7SMA.

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