SMB Morning Rundown – February 9, 2010

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Today, the Market appears set to open higher. The levels we are watching in the SPY are 107.30(res) and 106.30(sup). Above 107.30, the next resistance level is 107.80. Below 106.30, the next support level is 105.80.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short ERTS on a pop to 16.30. Tgts: 15.75, 15.00

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