Today, the Market appears set to open lower. The levels we are watching in the SPY are 121.70 and 122.17 (resistance) 120.70 and 119.85 (support).
Our best AM Idea for today, which we highlighted in our AM Meeting is to get long MHS above 60.20.
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2 Comments on “SMB Morning Rundown – November 12, 2010”
I’m looking/hoping for a strong reversal day today to the upside, right now ES is at 1200. Ideal condition, we get that strong reversal with a close near previous highs and then we trend lower over the next several days.
Another bagholding exercise , I see where your pack of ‘pros’ all bought in, then stared at a huge loss for the rest of the day.