Today, the Market appears set to open higher. The levels we are watching in the SPY are 127.35 and 127.56 (resistance) and 126.85 and 126.60 (support).
Our best AM Idea for today, which we highlighted in our AM Meeting is to short FCX on a pop close to 120.00 looking for a downside to 117.50/117.00.
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2 Comments on “SMB Morning Rundown – January 4, 2011”
You guys are crazy amazing. Good call.
I’m priced out of the majority of the stocks you trade but I find the support/resistance levels as well as your understanding of the market on the intraday level very helpful.