SMB Morning Rundown – June 11, 2010

Today, the Market appears set to open lower. The levels we are watching in the S&P Futures are 1084(res), 1060 and 1055 (sup) and 1077 as an inflection point. However, this inflection point should serve as a more neutral bias if we get above it, not a bullish indicator.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short SWY if it holds below 20.50.

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