SMB Morning Rundown – February 19, 2010

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Today, the Market appears set to open lower. The levels we are watching in the SPY are 110.87(res) and 110.40(sup). Above 110.87, the next resistance levels are 111.10 and 111.40. Below 110.40, the next support level is 109.80.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short SLB on a pop to 64.00. Tgts: 62.50 and 62.00

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