SMB Morning Rundown – August 4, 2010

Today, the Market appears set to open higher. The levels we are watching in the S&P Futures are 1124 and 1127 (resistance), and 1113.25 and 1103 (support).

Our best AM Idea for today, which we highlighted in our AM Meeting is to use 16.3 as an inflection point in STEC and get long if it holds above the level, and short if holds below.

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