SMB Morning Rundown – February 2, 2011

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Today, the Market appears set to open slightly lower. The levels we are watching in the SPY are 130.50 and 130.87 (resistance) and 130.15 and 129.70 (support).

Our best AM Idea for today, which we highlighted in our AM Meeting is to get long ERTS as long as it’s holding above 17.00 level.

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