Today, the Market appears set to open slightly lower. The levels we are watching in the SPY are 116.75 (sup) and 117.50 (res). Below 116.75, the next support level is 116.00. Above 117.50, the next resistance level is 117.80.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short FDX at 88.55. Tgt: 87.30.

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