FKLI : morning gossip... 1270+-

DJ +96, reclaimed 10,000 on Monday, hitting its highest point in over a year, as a weak dollar, higher commodity prices. CNN

8.20 : DJ futs +30, on after-the-close Apple result. Regional up 1%. Commodities strong. Dollar mixed.

Both seen morning gap-up. Fkli seen hanging around 1270 and is seen aiming for 70-75 range later if fbm moves towards 70, its main objective today. Given fkli preimun to fbm, a sluggish fbm could entice intra-seling to close the gap-up. Watch fbm closely.

FKLI, above 65 is buy mkt.