SMB Morning Rundown – April 26, 2011

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Today, the Market appears set to open higher. The levels we are watching in the SPY are 134.25 and 134.67 (resistance) and 133.70 and 133.20 (support).

Our best AM Idea for today, which we highlighted in our AM Meeting is to get long F if it is holding above 16.00 for an upside to 16.30 – 16.50. If it is holding below 15.87 we are looking to get short F for a downside to 15.50.

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