DJ -100 as Fed trump strong earnings. Federal Reserve Chairman Ben Bernanke told Congress that the outlook for the economy is "unusually uncertain..CNN. Tranlation: recovery pace slower that hoped. Europe +1%.
8.15 : DJ futs +10 on tech stock ebay. Regional near-1%. Weaker dollar tone but commodity -0.5% to -15. CO -1%
fkli : bad timing for bulls, no incentive for follow through, and question is how well they play in defensive zone. fkli seen hanging on 1340-43 range in early trade and 37-40 range if fbm < 1338. Dwward risk is 1333, seen as major support today. Below 1340, a seller mkt.
fcpo : SO -0.5%, one day up one day dw. -ve signal but unlikely to change fcpo outlook. mostly a neutral, range bound 2430-2450. Below 2350, trading sell but will it break 7SMA support, near 2430, ?
3 years ago
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