Wednesday 11 July 2012


FKLI
NEW YORK (AP) -- Stocks fell for the fourth straight day Tuesday following a profit slump of technology companies and a steep decline in oil prices, which sent energy stocks sharply lower. (Associated Press)
Dow Jones dropped 83.17 points while Chinese trade data revealed that import growth fell in half in June from May, signaling that its economy may be slowing more than expected.
FKLI July opened this morning at 1626.5 and reached a record high of 1636.5.
Technically,upside potential on index futures remain high as market can still go up even though there was some Bearish signals along the way. With no sign of weakness yet, traders are advised to hold their Longed positions and for those who missed out their entry, try to find the chances to go Long instead of Short.


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