Today, the Market appears set to open lower after a negative reaction to the in-line initial jobless claims number.
The levels we are watching in the SPY are 110.50 (inflection point), and 111.00 as potential resistance. The next resistance level above 111.00 is 111.50. On the downside we are watching the pre-market low, 110.25. Our best AM Idea for today, which we highlighted in our AM Meeting is: NTAP – Long if it holds above 31.00 with a target of 32.40.
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2 Comments on “SMB Morning Rundown for November 19, 2009”
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