Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are132.20, 132.70, and 133.20 (Resistance) and 131.60, 130.60, and 129.60 (Support).

Our morning idea for today, which we highlighted in our AM Meeting is to short COP holding below the range of 81.40-81.00. We could see a move to 79.00, and if it breaks 79.00 we could see 77.40-77.00. If it holds above the 81.00-81.40 range we could see a breakout.

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