Morning Thoughts for December 6, 2010

smbcapitalJoe P's blogLeave a Comment

Good morning traders. Market trading down premarket near support levels from Thursday and Friday. As long as the SPY is able to hold over 122 we should expect a serious attempt for a breakout of this trading range within the next few sessions. I will be watching FCX BIDU and AAPL as market tells. These stocks are all setup to breakout and should be on every trader’s screens.

SPY levels: 123.05 122 121.22

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