SMB Morning Rundown – May 06, 2010

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Today, the Market appears set to open flat. The levels we are watching in the SPY are 117.50(res) and 116.00(sup). Above 113.10, the next resistance levels are 117.80 and 118.50. Below 116.00, the next support levels is 115.10

Our best AM Idea for today, which we highlighted in our AM Meeting is to use 40 as an inflection point in CAM, short below, long above.

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