Thursday, July 29, 2010

Morning start...fkli firm 1352-55 fcpo firm 2490-10

DJ -40, edns 4 days streak, a worse-than-expected report on durable goods orders and weaker quarterly results from Boeing ..CNN. Europe mostly lower, around -0.5%.

8.30 : DJ futs +8. Regional firm except NK -1%, pullback after a 3% gain yesterday. Commodity remains trendless this week, mixed. CO -0.5%.

fkli : likely to stay neutral within 50-60 but taking the lower band first till external improves. below 56 is -ve tone, targeting 48-50 range.


fcpo : SO +0.5%, providing strong incentives for fcpo to re-test 2500 again. Maybe better luck at 2500-2530 range today. Above 2500, is intra-day bullish.

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