SMB Morning Rundown – February 18, 2010

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Today, the Market appears set to open lower. The levels we are watching in the SPY are 110.20(res) and 109.80(sup). Above 110.20, the next resistance level is 110.50. Below 109.80, the next support levels are 109.10 and 108.40.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short LVS on a pop to 16.75. Tgt: 16.00

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