Today, the Market appears set to open lower. The levels we are watching in the SPY are 130.50 and 131.30 (resistance) and 130.00 and 129.50 (support), if the market drops below this level, the new support levels will be: 128.00 and 127.50.
Our best AM Idea for today, which we highlighted in our AM Meeting is to trade solar sector actively.
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2 Comments on “SMB Morning Rundown – March 14, 2011”
CCJ had some real nice movement (from 32-30, then from 30 back up to near 32) in the late premarket and early this morning. Made for easy choppin’
Kind of a copout to say ‘trade actively’.
Like saying have a nice day.