SMB Morning Rundown – August 3, 2010

Today, the Market appears set to open lower. The levels we are watching in the S&P Futures are 1130 (resistance), 1113 and 1100 (support), and 1119 (inflection).

Our best AM Idea for today, which we highlighted in our AM Meeting is to use the 46 level as an inflection point in BHI.

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