SMB Morning Rundown – October 8, 2010

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Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 116.20 and 116.80 (resistance) and 115.30 and 114.70 (support).

Our best AM Idea for today, which we highlighted in our AM Meeting is to get long VMW as long as it is holding above 76.00.  Bigger picture if it trades above 78.50 could head much higher.

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