Today, the Market appears set to open slightly lower. The levels we are watching in the SPY are 134.80, 135.50 and 136.20 (resistance) and 133.60, 133.00, and 134.00 (support).
Our best AM Idea for today, which we highlighted in our AM Meeting is to get long GPS holding above 19.25 and short holding below 18.90. As a bonus, get long STEC on a pullback to 15.50.
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One Comment on “SMB Morning Rundown – May 20, 2011”
Really love these morning rundowns, especially the best AM ideas. Please keep them coming. As a new intraday trader, they really help me learn how to identify the kinds of stocks I should be looking to trade.