Happy New Year!  Today, the Market appears set to open higher, erasing all of the downmove into the Close on Thursday. The levels we are watching in the SPY are 112.10(sup) and 113(res). Below 112.10, the next support level is 111.40. Above 113, there are no clear resistance levels.

Our best AM Idea for today, which we highlighted in our AM Meeting is to buy ABX close to 40.50. Tgts: 41.50, 42.80

Don’t forget to follow us on Twitter!