Wednesday, January 19, 2011

Morning start..fkli firm 72-75 fcpo strong 3670-3700

-DJ +50, Europe +1% within late Asian hours expectations

-U.S. stocks showed surprising resilience Tuesday, closing higher as shares of Boeing and other industrial names rose, offsetting weakness from Citigroup and Apple..CNN

8.30
-DJ futs -5. Regional mixed, -0.25 to +0.3%. Commodity mixed too. CO -0.5% GOLD flat.

FKLI
- expect fbm to stay above 70, fkli is seen taking a +ve stance but with limited upside till fbm > 74. looks like 70-80 range with cautious of a breakdw looms if fkli < 75.

FCPO
-SO +1% , a chance for fcpo to test 3700 resistance. Above 3680 is, rebound tone, sell pattern is null and void, sideways band today.

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