Morning start....fkli firm 1565+ fcpo weak 3680-3700

-DJ +30, getting ready for 4Q10 earnings report, starting Thu. Europe +1%, Commodity strong.

8.30
-Dj futs +1. regional taking +ve stance , +0.5% range. GOLD bounc-ing. CO jumps +2.5%, as the Trans-Alaska oil pipeline remained shut for a fourth day.

FKLI
-with no -ve incentives, at mom, fkli is seen tracking higher. Najib's EPP will boost fbm,on track to 70.
-fkli seen maintain premium and locking in 65-70 range if fbm >63. Major sell tone if fbm< 60.

FCPO
-SO -0.6% . 3700 in danger, a breakdw is expected but like to regain back as support in AM session for intra day buy signal. But, fear of late selling will limit the upside unless SO tracks a strong CO later.
-below 3700 is strong sell signal. 3660 is major support.