SMB Morning Rundown – July 13, 2011

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Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 132.50, 132.75, and 133.50 (Resistance) and 131.60, 131.20, and 130.60 (Support).

Our morning idea for today, which we highlighted in our AM Meeting is to get short ERTS holding below 23.40.

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