Today, the Market appears set to open higher. The levels we are watching in the SPY are 108.25(res) and 107.40.(sup). Below 107.40, the next support level is 106.70. Above 108.25, the next resistances levels are 109 and 109.80.
Our best AM Idea for today, which we highlighted in our AM Meeting is to short AMZN on a pop to 124.50. Tgts: 123 and 121.
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2 Comments on “SMB Morning Rundown – February 1, 2010”
I know you all covered at 114
I know you all covered at 114