SMB Morning Rundown – May 14, 2010

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Today, the Market appears set to open lower. The levels we are watching in the SPY are 117.20(res) and 115.10(sup). Above 117.20, the next resistance levels are 118.00 and 118.50. Below 115.10, the next support level is 113.80.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short MA on a pop to 213: Target: 207.

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