7:55 pm - US stocks heading for lower open

NEW YORK (AP) - U.S. stocks were poised to open lower Wednesday asinvestors grew more cautious about the banking system and prepared to takeprofits following Tuesday's pop on Wall Street. On Tuesday, the Dow Jones industrial average shot up 420 points after theFederal Reserve cut its key interest rate by three-quarters of a percentagepoint. Investors were relieved as well to see two investment banks -- LehmanBrothers Holdings Inc. and Goldman Sachs & Co. -- report better-than-expectedquarterly profits. But Morgan Stanley's earnings are on tap Wednesday, and the rest of WallStreet is going to want to see if the investment bank is relatively healthy likeLehman or Goldman, or at risk of failure like the recently bought out BearStearns Cos. A pullback was to be expected given the magnitude of Tuesday's gain andinvestors' concerns about the many unknowns that remain not only about thefinancial sector, but the overall economy as well. Dow Jones industrial average futures fell 65, or 0.52 percent, to 12,340.Standard & Poor's 500 index futures fell 8.30, or 0.62 percent, to 1,325.70,while Nasdaq 100 index futures fell 10.0, 0.56 percent, to 1,761.0. Bond prices rose. The yield on the benchmark 10-year Treasury note, whichmove opposite its price, fell to 3.40 percent from 3.50 percent late Tuesday.The dollar was mixed against other major currencies, while gold prices fell. Light, sweet crude fell 87 cents to $108.55 per barrel in premarketelectronic trading on the New York Mercantile Exchange. Late Tuesday, Visa Inc. launched the largest initial public offering in U.S.history, selling 406 million shares at $44 each to raise $17.9 billion. Theworld's largest credit card processor -- unlike Discover Financial Services,which releases earnings on Wednesday, and American Express Co. -- is not alender, and many investors are betting that it will easily survive the falteringU.S. economy and credit climate. The Fed has slashed key rates by more than half since last summer, when themortgage crisis claimed its grip on the global credit markets. But the housingand lending industries are still hurting. The government is expected on Wednesday to loosen the capital restraints onmortgage-finance companies Fannie Mae and Freddie Mac, so they can play largerroles in the struggling housing market. The Office of Federal Housing EnterpriseOversight, which oversees the government-sponsored companies, was announcing theplan Wednesday, people familiar with the matter said Tuesday. Meanwhile, after JPMorgan Chase & Co.'s announcement Sunday that it wasbuying out the troubled investment bank Bear Stearns Cos., French bank BNPParibas SA said Wednesday it is no longer interested in making a takeover bidfor rival, Societe Generale. Societe Generale has been hurting after a roguefutures trader logged $7 billion in losses. Stock markets overseas were mixed after Wall Street's jump on Tuesday.Japan's Nikkei stock average increased 2.48 percent, while Hong Kong's Hang Sengindex rose 2.26 percent. In midday trading, Britain's FTSE 100 slipped 0.98percent, Germany's DAX index lost 0.71 percent, and France's CAC-40 declined0.58 percent. Copyright 2008 Associated Press. All rights reserved. This material may not be

4:41 pm - FKLI recover to try to close higher @ 1164

This is a sad day for the long traders. The market open and selldown.

3:36 pm - FKLI selldown after gap down. It lost over 60 pts over today !

3:08 pm - FKLI is ready to go up after gap down after lunch !

12:08 noon - FKLI looks to drop down after it cannot break above 1195 resistance.

10:39 am - FKLI gap up due interest rate cut by 75% and spurred by Lehman Brothers good profit expectation last nite.

5:14 pm - FKLI has broken out into 1180. The next resistance 1192.

4:35 am - FKLI breakout and start to run from 1168

12:32 pm - FCPO limit down today !

For all my days trading FCP0, this is the 1st for me. The market went down 100 pts. in 15 mins.

9:47 am - MACD is ready to cross up for LONG position

9:31 am - FKLI gap up and await for the professional to push !

FOMC interest rate cut will be announced tonite 18 Mar, so expect some form of support for DJIA and KLCI.

4:53 pm - FKLI is moving sideway or downward !

FKLI has broken 1150 level already ! This is a short trade.

3:50 pm - FKLI wants to go up but moving sideway !

10:45 am - FKLI has broken the low. Think SHort !

9:41 am - FKLI is being tested at the support

It looks like a short trade from here onward !

10:34 am - Stocks retreat on credit fears

NEW YORK (AP) - Stocks tumbled Friday after a plan to alleviate a liquiditycrisis at Bear Stearns Cos. touched off concerns about the severity of credittroubles. Each of the major indexes lost more than 1.5 percent on the day, withthe Dow Jones industrial average falling nearly 200 points. The plan by the New York Federal Reserve and JP Morgan Chase & Co. offersBear Stearns relief from a sudden liquidity crunch that analysts surmised couldhave felled the bond house. But the company's position on the precipice offinancial disaster left many investors shaken and spoiled some hopes thattroubles in the moribund credit market are on the mend. Stocks showed moderate increases in the early going after a Labor Departmentreport showed the Consumer Price Index remained flat for February. Wall Streethas been expecting inflation would show an increase. But the gains quicklydisappeared after investors learned about the severity of troubles at BearStearns. "This is another chapter in a book rather than a one-act play," said PhilOrlando, chief equity market strategist at Federated Investors. He said themarket is worried that further trouble in the credit markets will emerge andthat the ramifications of the credit strains and a slowing economy could resultin recession. "Investors thought they are probably more than norm than the exception andmaybe this is the tip of the iceberg," he said, referring to Bear Stearns. "Oursense is that this is sort of an amoeba here and this is sort of a broadlyspreading situation." According to preliminary calculations, the Dow fell 194.65, or 1.60 percent,to 11,951.09. The Dow had been down as much as 313 points. Broader stock indicators also declined but pulled off their lows. TheStandard & Poor's 500 index fell 27.34, or 2.08 percent, to 1,288.14, and theNasdaq composite index fell 51.12, or 2.26 percent, to 2,212.49. For the week, the major indexes were mixed, with the Dow showing a modestgain, the Standard & Poor's 500 index slipping and the Nasdaq composite indexshowing no change, finishing exactly where it did a week ago.

5:32 pm - FKLI has a tail means the market does want to go down yet.

We are still experiencing sideway movement for the time being.

4:20 am - FKLI has a tail and a good support at 1160.0

Watch out for tonite DJIA closing !

10:52 am - FKLI looks like it is trying to form a saucer shape.

There is a lot of support at this level.

10:10 am - KLCI is moving lower as the gap up is not sustainable

If you wish to long, buy at support lower at 1172-1175.0 with a tight stop.