Morning z z z z ..fkli firm 1327-30 fcpo firm 2340++

DJ +18, takign +ve stance as 2Q report is expected to top estimates. Europe firmer, +0.5%.

8.11 DJ +20 on Alcoa better-than-expected earnings. Regional mixed tone, near flat line. Commodity seeing profit take sell. CO -0.5% GOLD -1%.

fkli : seen clueless b4 fbm opens and directionless if fbm stuck within 24-27 range. fbm needs to power up, aboev 27 or 28, to convince fkli bulls to make another attempt at 30. Otherwise concerns over fbm's pullback will create dwside risk toward 20-25 today.


fcpo: SO +0.5%. fcpo seen strong on tech follow through, targeting 2350+. Positive tone if > 2330.