Today, the Market appears set to open higher. The levels we are watching in the S&P Futures are 1098(res), 1084 (sup) and 1064 as an inflection point. However, this inflection point should serve as a more neutral bias if we get above it, not a bullish indicator.
Our best AM Idea for today, which we highlighted in our AM Meeting is buy AIG on a pullback to $37. (the original post indicated to buy at $36.60 due to some confusion from our favorite summer intern)
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One Comment on “SMB Morning Rundown – June 15, 2010”
I have 1071.50 as my inflection point on the /es