SMB Morning Rundown – March 22, 2010

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Today, the Market appears set to open lower. The levels we are watching in the SPY are 115.14 (sup) and 116.10 (res). Below 115.14, the next support level is 113.90. Above 116.10, the next resistance levels are 116.75 and 117.00.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short STEC below 11.90. Tgts: 10.80, 10.50.

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