There are more bearish news than bullish ones affecting the market today.

Firstly, Dow Jones dropped  -160.83 points as the US Treasury 10-year yield slid to a record while American home sales declined ;

Secondly, the Euro weakened to a two-year low as Spain struggled to recapitalize its banks while concern grew about Greece's future in the euro.

FKLI may see a significant drop today as it is also due for technical correction from yesterday's uptrend.