5:52 pm - FKLI closed slighty up 1.5 pts.

Generally, if FKLI gap up, short and vice versa.

12:49 pm - FKLI is trading between pivot point 1402.0 & 1380.0

9:48 am - FKLI gap up due to +170 pts up by DJIA.

TG indicates weakness on the intraday charts.

However, with the 50 basis pts cut in interest rate by US FOMC priced into the market, the market may hold. Unless the basis point is below 50 basis pts, the market will fall.