-fbmfkli hold well but upside was unsurprisingly limited. Mkt continues to feel the heat from Obamanic. While regional adn Europe in bad mood, losses only at -0.5%. All eyes on DJ futs. Luckily, DJ futs is trading +60 , this triggers fkli short covering. Late recovery.
- Mkt is in “getting ready for bounce” mode but unless fkli can regain above 1300, a trading range of 1290-1300 is negative bias.
-on the sidelines, US economic data…interest rate decision and new home sales on Wed, 4Q GDP on Friday
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