SMB Morning Rundown – June 15, 2011

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Today, the Market appears set to open slightly lower. The levels we are watching in the SPY are 128.80, 128.43. (Resistance) 128.20 (inflection) 127.60-127.35 (Support).

Our best AM Idea for today, which we highlighted in our AM Meeting is to buy FNSR at 19.00 with a stop at 18.90. However FNSR reports earnings after the close so I would not hold any positions over night

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