SMB Morning Rundown – January 29, 2010

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Today, the Market appears set to open higher. The levels we are watching in the SPY are 109.35(res) and 108.10.(sup). Below 108.10, the next support level is 107.40. Above 109.35, the next resistance level is 109.80.

Our best AM Idea for today, which we highlighted in our AM Meeting is to buy AMZN on a pullback close to 127.80. Tgts: 129, 130.30

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