Today, the Market appears set to open higher on positive news out of Dubai and a merger between XOM and XTO. The levels we are watching in the SPY are 111.40 (sup) and 112 (res). We believe that if the Market starts consolidating above 112 we could see a trend day up to 113-113.25. However, if we hold below 111.40, the next support level is 111.

Our best AM Idea for today, which we highlighted in our AM Meeting is to buy UNH on a pullback close to 30.40. Tgt: 32-33. We also like the accumulation we saw in AAPL on Friday. If it starts holding above 196.40, we could see a move up to 198.30.

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