SMB Morning Rundown – April 27, 2010

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Today, the Market appears set to open lower. The levels we are watching in the SPY are 121.25(res) and 118.85(sup). Below 118.85, the next support level is 117.50. Above 121.25 the next resistance level is 122.12.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short SNDK holding below 43.60. Target: 42.30

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