Monday, January 17, 2011

Morning start...fkli firm 1573-76 fcpo soft 3670-80

-DJ +50, on financials stocks, strong earnings likely this week. DJ will be closed for holiday Monday. Europe mostly higher, marginally. All seems quiet as mkts prepare for earnings data.

8.30
-DI -2. Regional higher +0.5%. Commodity mixed. CO +1% GOLD -1%

FKLI
-waiting at +ve band, 70-75 for fbm to catch up. Fbm breakout above 72 is a strong signal while while important support is seen at 66. Fkli may attempt 80, while trying to stay above 70.

FCPO
-SO -0.3%, no Asian hours today. No incentives for a breakout higher, sideways again, 3650-3700.

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