SMB Morning Rundown – May 07, 2010

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Today, the Market appears set to open flat. The levels we are watching in the SPY are 113.10(res) and 112.80(sup). Above 113.10, the next resistance levels are 113.80, 115.10, and 117.50. Below 113.10, the next support levels are 112.80, 111.60, and 108.00.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short PCAR at 43.60.

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