Today, the Market appears set to open higher. The levels we are watching in the SPY are 130.00 and 130.50 (resistance), 129.80 (inflection), and 129.25, and 128.50 (support).
Our best AM Idea for today, which we highlighted in our AM Meeting is to buy PRAN on a pullback close to yesterday’s high with an upside close to 4 points.
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2 Comments on “SMB Morning Rundown – March 22, 2011”
you never got the entry. better just to buy and pray, than wait another day
that’s why it is called trading and not predicting. i think a few people got long on the bull flag on the five minute and caught the 1 point move.