FKLI : morning gossip....

DJ -90, after influential analyst Richard X. Bove downgraded his rating on Wells Fargo, sparking a steep selloff in the banking sector. CNN

8.20 : DJ futs -6. Regional -0.5% to -1%. Commodities very strong.

FKli is set to dip below 60 towards 55 in early hours, risk towards 50 is big fbm drifts around 1255. 50 is also a good intra-day bargain lvl. The next question is will there be a rebound in the later stage.

Below 60 a sell mkt.