Today, the Market appears set to open higher. The levels we are watching in the SPY are 124.90 and 125.15 (resistance) 124.50 and 124.00 (support).
Our best AM Idea for today, which we highlighted in our AM Meeting is to get long AMGN above 56.25.
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2 Comments on “SMB Morning Rundown – December 14, 2010”
get long or short?
Wow, that looks to have been a great call…I just watched amgn open, hit 56.25 on a downtick, and then rocket to 57+ in a matter of minutes! Hoping you guys got in and made your ‘chop’! I can’t see it topping 57.50, 58 at absolutely best case…though I’ve been wrong before 🙂