SMB Morning Rundown for December 29, 2009

smbcapitalGeneral Comments, Intraday Levels, Trading Ideas2 Comments

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.

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2 Comments on “SMB Morning Rundown for December 29, 2009”

  1. I spent time in this slow market today trying to figure out how you came to the conclusion that AAPL would likely be a good short. It sure was.

  2. I spent time in this slow market today trying to figure out how you came to the conclusion that AAPL would likely be a good short. It sure was.

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