Morning start..fkli firm 1495-98 fcpo weak 2980-90

DJ +40, as investors balanced strong earnings with building speculation that the Fed's next round of asset-buying won't be as dramatic as anticipated. ..CNN. Europe +0.5%

8.25 : DJ futs +5. Regional off to +ve start, +0.5%. Commodity lower on stronger dollar. GOLD -1% CO -1.5%.

fkli :90-00 range. enough to sustain a breakout above 1500? maybe not but parking near 1500. nevertheless, above 1495 is bullish stance today, 95-00 range. Fkli will wait for fbm to catch up b4 making a move. Fbm is only bullish if above 96.

fcpo : SO -0.5%. no danger of a selloff but probablty reinforcing 3000 toppish outlook this week. Below 2984 is -ve tone, targeting 2950+. A reversal is seen if fcpo crosses back above 3010.