SMB Morning Rundown – February 17, 2010

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Today, the Market appears set to open higher. The levels we are watching in the SPY are 110.50-110.63(res) and 109.85(sup). Above 110.63, the next resistance level is 111.30. Below 109.85, the next support level is 109.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short AMZN on a pop to 118.00. Tgts: 116, 114, 112.

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