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Tuesday, October 19, 2010

FKLI To Rebound As Dow Defeats 11100

Stronger-than-anticipated earnings report boost the DowThe Dow Jones Industrial Average (DJIA – 11,143.69) finished with a gain of 80.91 points, or 0.73%, to settle atop the 11,100 level for the first time since early May.

"The news today was a microcosm of what has been driving this market higher: better-than-expected earnings and merger-and-acquisition news. Plus, say what you want about the economy, but we continue to see more positives than negatives – and as long as sentiment remains skeptical, the stage is set for continued gains."

CITIGROUP offer a lifeline for battered banking sector
The S&P 500 Index (SPX – 1,184.71) followed suit, extending its rally throughout the session to end on a gain of 8.5 points, or 0.7%. As such, the broad-market barometer notched its first daily finish north of the 1,180 level since May 3.

Techs on the rock
The Nasdaq Composite (COMP – 2,480.66) struggled to surmount breakeven during the first half of the session, but eventually followed its peers into the black, tacking on 11.9 points, or 0.5%, by the closing bell.

Crude futures finished their best session in two weeks amid prolonged strikes across the pond
Crude futures notched their heftiest single-session gain in two weeks today, as prolonged strikes in France continued to disrupt refinery production. Earlier in the session, black gold struggled in the wake of disappointing data on industrial production, but bounced back with a vengeance to follow the broader equities market into the black. By the close, crude oil for November delivery advanced $2.25, or 2.76%, to settle at $83.88 per barrel.

FKLI On The ReboundZL no FKLI positions
Semua ambil untung hari Isnin

FKLI Recommendations
Spot has lost momentum aplenty

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