Today, the Market appears set to open lower. The levels we are watching in the SPY are 117.20(res) and 116.50(sup). Above 117.20, the next resistance levels are 118.00 and 118.50. Below 116.50, the next support levels are 115.10 and 113.80.

Our best AM Idea for today, which we highlighted in our AM Meeting is to buy CSCO at 25.80. Target: 26.40.

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