AM all quiet, weak externals in PM but fbm resilient, not wanting to give up 60 yet despite profit take pressure after 4-day of 25p gains. Fkli of course played cautious and steady near 50++ at a wide discount b4 a pre-closing phase push of 2p. Quiet day, thin vol, near record low this year.
-HS flat in AM, weaker in PM, -110. DJ futs also minus -30. While Europe marginally lower., -0.1%
-HS flat in AM, weaker in PM, -110. DJ futs also minus -30. While Europe marginally lower., -0.1%
-no more steep uptrend momentum but not yet a sell mkt, just shifting to consolidation phase ( horizontal lines range) – trading within a cluster of SMAs while anticipating the next big move. A strong sell if and only if 7SMA breaks. Position-buy lvl is lowered to 1258 stop.
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