SMB Morning Rundown – July 12, 2011

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Today, the Market appears set to open slightly lower. The levels we are watching in the SPY are 132.00 and 132.40 to 132.50 (Resistance) and 131.70, 131.00, and 130.70 (Support).

Our morning idea for today, which we highlighted in our AM Meeting is to get short GMCR against the 94.00 level.

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