Today, the Market appears set to open virtually unchanged from the Close on Friday. The levels we are watching in the SPY today are 110.50 for resistance and 109.00 for support. If the SPY starts holding below 108.80, we expect a move down to 108.00.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short STT at 40.80. First target is 40.00. If it starts holding below 40.00, we expect a move down to 38.00.

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