-mostly cautious stance in Asian after Alcoa’s profits missed expectations, causing investors to sidelines for some “brain storming” first. Prices mostly recovered in PM, taking cue from China, +2%. But not enough to churn new gains, HS -85/-0.5%
-fbm and fkli all quiet today. “fkli” was disappointed with fbm..failing to improve in PM. Late selling pulled it back towards AM’s lows as DJ futs points to a weak start, -40.
-Trading limited to the same range since last’s Wed. This fishing trip seems last forever…without any big fish. And with bad feeling too! SMA catching up fast n this could give bears to step up their game if a breakout fails to occur.
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