Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 132.45, 133.50, and 134.71 (resistance) and 132.12, 131.68, and 131.00 (support).
Our best AM Idea for today, which we highlighted in our AM Meeting is to to get short ROYL as long as it is holding below 8.10.
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One Comment on “SMB Morning Rundown – March 3, 2011”
Getting short ROYL just made me a cool grand. CHOP! Thanks for the heads up!