SMB Morning Rundown for July 28, 2011

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SPY resistance around 132.50 to 132.70. below watch 132 level. key inflection point from yesterday is between 131-30 to 131.60. failure at 131 premkt and last period point. watch support levels at 131 to 130 to 130.20, 129.63, and 128 to 128.40

Morning Idea: AKAM resistance at 26, 25.50, 25 key inflection point on long term charts. holding below 25 movement to 23.50, hold below 23.50 next area support is around 22 area

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