Thursday, March 03, 2011

FKLI wrap... +ve and entertaining a reversal....next week

-strong, off highs after some kneejerk buying in AM trading. Mostly ranging in PM but maintains +ve tone on tech and external feel good factor

- Regional ignores surging CO price this time, steady and re-focus on economic growth ahead of US employment data this Fri. Expectations +200k job. In late Asian, Europe +0.5% DJ futs +50.


-above 7SMA/1500 is bullish, targeting 1520 this week and 1540 next week.

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