SMB Morning Rundown – August 2, 2010

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Today, the Market appears set to open higher. The levels we are watching in the S&P Futures are 1118 and 1127 (resistance), 1104 and 1090 (support), and 1112 (inflection).

Our best AM Idea for today, which we highlighted in our AM Meeting is to get long ONXX if it holds above 26.3 with a price target of 28.4

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