SMB Morning Rundown – July 30, 2010

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Today, the Market appears set to open lower. The levels we are watching in the S&P Futures are 1106 and 1127 (resistance), 1086 and 1060 (support), and 1090 (inflection).

Our best AM Idea for today, which we highlighted in our AM Meeting is to buy FFIV at 87.5 with confirmation if it holds above 88.

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