Morning start..fkli strong 1575-79 fcpo strong 3700+

-DJ +80 Financial shares sparked a broad rally, Wells Fargo's upgraded outlook for the sector.
-Europe +1% to +2%,a solid auction of Portuguese bonds helped ease eurozone jitters

8.30 :
-DJ futs -4. regional strong, near +1%. Commodity firmer to strong. CO +0.5%. SO +2.3%, catching up with CO.

FKLI
-mkt sell open noted. but fkli is seen attempting 75-80 range, Staying power depends on fbm, if fbm > 67. FKli support is raised to 67 from 64.

FCPO
-SO +2%, strong recovery at the time when fcpo also is due to bounce....good timing ? Fcpo fair at mom is seen at 3700. Fresh breakdw is unlikely, testing resistance in sideways zone. Intra-day play.