Today, the Market appears set to open higher. The levels we are watching in the SPY are 109.50(res) and 108.80(sup). Above 109.50, the next resistance level is 110.50. Below 108.80, the next support level is 108.30.
Our best AM Idea for today, which we highlighted in our AM Meeting is to short BRK.B on a pop to 76.70. Tgts: 75.80, 75.50, 74.50.
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3 Comments on “SMB Morning Rundown – February 16, 2010”
guys, this stock is really not in-play today…. $75 dollar stock with barely a 40cent intraday range…
guys, this stock is really not in-play today…. $75 dollar stock with barely a 40cent intraday range…
jeff,
i agree 100%. friday was crazy with the add to the S&P 500. the best opportunity in brk.b today was in the pre-mkt when it touched our short price.
steve