SMB Morning Rundown – June 16, 2011

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Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 127.70, 127.40, and 126.80 (Resistance) 126.40, 125.50-125 (Support).

Our best AM Idea for today, which we highlighted in our AM Meeting is to watch FNSR between 16 and 15. If there is selling pressure around 15.00 and it holds below that level, get short.

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