Monday, December 06, 2010

Fkli wrap..playing defensive..so far so good



Equity quiet, near flat line with –ve bias tone, waiting for DJ first reaction to Bernanke’s interview, released Sunday’s morning. Mkt seesaws with strong resources tone but worries over US weak job data. Europe firm, +0.3%. Dj futs -10.

Fbm.fkli sideways in –ve tone as trading below resistance lvl despie a strong opening trades. Like Fri. fbm is not in a mode to test upside…still in profit taking mode.

Toppish but remains upward bias, waiting for fbm’s cue.

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