9:17 pm - Stock futures rise ahead of jobs report

Stock futures rise ahead of jobs report NEW YORK (AP) - U.S. stocks headed toward a modestly higher open Friday ahead of the Labor Department's December employment report, which Wall Street hopes will point to consumer spending continuing at a healthy pace. The department's report on payrolls and unemployment, due at 8:30 a.m. EST, has been a focus of investors for weeks as they try to determine whether the economy will continue to benefit from robust consumer spending even as sectors like home construction, mortgage writing and manufacturing slow. Wall Street is concerned that areas of weakness could puncture growth and even tip the economy into recession if consumers can't depend on a solid job market. Economists predict a smaller gain in payrolls in the final month of the year than in November, and expect the unemployment rate to have risen to 4.8 percent from the previous month's 4.7 percent. Further clarity on the health of the economy could come Friday when the Institute for Supply Management releases its December index of non-manufacturing activity. Economists predict slightly weaker expansion than in November. Ahead of the jobs report, Dow Jones industrial average futures rose 33, or 0.25 percent, to 13,176. Standard & Poor's 500 index futures rose 3.60, or 0.25 percent, to 1,462.30, and the Nasdaq 100 index futures advanced 1.75, or 0.08 percent, to 2,078.00. Bond prices fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.91 percent from 3.89 percent late Thursday. The dollar was mixed against other major currencies, while gold prices fell. Light, sweet crude fell 21 cents to $98.97 in premarket electronic trading on the New York Mercantile Exchange. Oil touched $100 per barrel this week for the first time, stirring concerns about inflation. Overseas, Japan's Nikkei stock average closed down 4.03 percent after being closed for a long holiday. Britain's FTSE 100 rose 0.98 percent, Germany's DAX index fell 0.32 percent, and France's CAC-40 rose 0.11 percent. Copyright 2007 Associated Press. All rights reserved. This material may

5:11 pm - FKLI closing all time high @ 1469

It broke last high @ 1458 and the cash volume is decent -> 941 mil.

Let's see if Monday Jan 7, 2008 will continue.

DJIA futures right now is +24 pts.

What happens DJIA is up +200 pts ? FKLI will gap up and selldown.

2:47 pm - A lot of short selling get "creamed" today !

Many of short seller put their stops at 1459/1460 for their stop loss. The FKLI just shot up and take their stops.

Look at the gap at high 1462.5

12:22 pm - FKLI hits all time @ 1458.0 and want to go higher.

This is the 3d time attempt to test this. Maybe this may just work.

11:04 am - FKLI cross up and moving up and went long at 1440/1442

The fund managers did most of the work today and push all the CI component counters, so the FKLI moves in tandem.