Happy New Year! Today, the Market appears set to open higher, erasing all of the downmove into the Close on Thursday. The levels we are watching in the SPY are 112.10(sup) and 113(res). Below 112.10, the next support level is 111.40. Above 113, there are no clear resistance levels. Our best AM Idea for today, which we highlighted in our … Read More
SMB Morning Rundown for December 31, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 112.50(sup) and 113(res). Below 112.50, the next support level is 112. Above 113, we could see upside to 113.40. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy SEED close 12.10. Add to the long … Read More
SMB Morning Rundown for December 30, 2009
Today, the Market appears set to open lower. The levels we are watching in the SPY are 112 (sup) and 112.60(res). Below 112, the next support level is 111.50-111.60. Our best AM Idea for today, which we highlighted in our AM Meeting is to short AAPL into a pop close to 210. Tgts: 209, 208. Don’t forget to follow us … Read More
SMB Morning Rundown for December 29, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 112.60 (sup) and 113.60(res). Below 112.60, the next support level is 112. Our best AM Idea for today, which we highlighted in our AM Meeting is to short AAPL into a pop close to 212.85. Tgts: 211.30, 210.60. Don’t forget to follow us … Read More
SMB Morning Rundown for December 28, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 112.40 (sup) and 113.60(res) Below 112.40, the next support levels are 112 and 111.50. Our best AM Idea for today, which we highlighted in our AM Meeting is AAPL. Buy into a pullback between 209.30 and 210. Tgt: 214-215. Don’t forget to follow … Read More
SMB Morning Rundown for December 23, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 111.90 (inflection point), 111.50(sup) and 112.40(res). Below 111.50, the next support level is 110.80. Above 112.40, there are no clear resistance levels. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy AMZN close to 134. … Read More
SMB Morning Rundown for December 22, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 111.30(sup) and 111.70(res). Above 111.70, the next resistance level is around 112. Below 111.30, the next support level is 110.75. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy CTXS close to 40. Targets: 41.25. … Read More
SMB Morning Rundown for December 21, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 110.25(sup) and 111.30(res). Above 111.30, the next resistance level is around 112. Below 110.25, the next support level is 110. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy CRM close to 67. Targets: 70, 71. … Read More