Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 111.90 (inflection point), 111.50(sup) and 112.40(res). Below 111.50, the next support level is 110.80. Above 112.40, there are no clear resistance levels. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy AMZN close to 134. … Read More
SMB Morning Rundown for December 22, 2009
Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 111.30(sup) and 111.70(res). Above 111.70, the next resistance level is around 112. Below 111.30, the next support level is 110.75. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy CTXS close to 40. Targets: 41.25. … Read More
SMB Morning Rundown for December 21, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 110.25(sup) and 111.30(res). Above 111.30, the next resistance level is around 112. Below 110.25, the next support level is 110. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy CRM close to 67. Targets: 70, 71. … Read More
SMB Morning Rundown for December 18, 2009
Today, the Market appears set to open virtually flat. The levels we are watching in the SPY are 110.00(sup) and 110.50(res). Above 110.50 we see upside to 110.80-111. Below 110, there is no clear support level until 109, but the Market may find support higher. Our best AM Idea for today, which we highlighted in our AM Meeting is to … Read More
SMB Morning Rundown for December 17, 2009
Today, the Market appears set to open lower. The levels we are watching in the SPY are 110.50(sup) and 111(res). Above 111 we see upside to 111.40. Below 110.50, the next support level is 110.25. Our best AM Idea for today, which we highlighted in our AM Meeting is short AMZN at 129.35. Tgt: 127.70 Don’t forget to follow us … Read More
SMB Morning Rundown for December 16, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 111.40 (sup) and 112 (res). Above 112 we see upside to 112.40. Below 111.40, the next support level is 111. Our best AM Idea for today, which we highlighted in our AM Meeting is buy ADBE if it holds above 36.60. Tgts: 37.20, … Read More
SMB Morning Rundown for December 15, 2009
Today, the Market appears set to open lower. The levels we are watching in the SPY are 111 (sup) and 111.40 (res). Above 111.40, the next resistance level is 112. Below 111, our next support level is 110.50. Our best AM Idea for today, which we highlighted in our AM Meeting is to short AAPL close to 196.40. Tgts: 195.60 … Read More
SMB Morning Rundown for December 14, 2009
Today, the Market appears set to open higher on positive news out of Dubai and a merger between XOM and XTO. The levels we are watching in the SPY are 111.40 (sup) and 112 (res). We believe that if the Market starts consolidating above 112 we could see a trend day up to 113-113.25. However, if we hold below 111.40, … Read More