SMB Morning Rundown – February 3, 2010

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Today, the Market appears set to open lower. The levels we are watching in the SPY are 110.50(res) and 109(sup). Below 109, the next support level is 108.20. Above 110.50, the next resistance level is 111.60.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short AMZN on a pop close to 118.40. Tgts: 116.65, 115.80

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