Friday, April 30, 2010

Morning start ..fkli strong 35-40 fcpo firm 2530-2540

DJ +122, as investors reacted to a rise in Exxon Mobil earnings and brushed off concerns about European debt problems. Europe +1% after a 2-day losing streak.

8.15 DJ futs -14. Regional +1%. Commodity mostly higher on CO +2% lead. GOLD stagnant after hitting year high on Europe's debt pblm.

fkli : another boost for follow through today to park near 40 resistance, if fbm does not dissapoint again. Above 35, is a buy mkt.

fcpo : SO +0.2%. Fcpo is probably stuck within the same range as Thu but with more upward bais tone or even retest 2550. Above 2520 is buy mkt.

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