SMB Morning Rundown – June 22, 2011

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Today, the Market appears set to open slightly lower. The levels we are watching in the SPY are 129.20, 129.70, and 130 (Resistance). and 128.65 and 128.20 (Support).

Our morning idea for today, which we highlighted in our AM Meeting is to long FDX holding above 90.80.

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