Today, the Market appears set to open lower. The levels we are watching in the SPY are 118.30(res) and 116.25(sup). Above 118.30, the next resistance levels are 118.90 and 119.25.
Our best AM Idea for today, which we highlighted in our AM Meeting is to buy AIG on a pullback to 39.75. Tgts: 40.80, 42.00.
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4 Comments on “SMB Morning Rundown – April 8, 2010”
you guys still in business after what happened to AIG today? any war stories?
you guys still in business after what happened to AIG today? any war stories?
i’m sure they are. my firm was watching AIG as well. we made a little on the long-side but unfortunately missed the down move b/c its restricted and a lot of our traders don’t like to pay to borrow it…
i’m sure they are. my firm was watching AIG as well. we made a little on the long-side but unfortunately missed the down move b/c its restricted and a lot of our traders don’t like to pay to borrow it…