SMB Morning Rundown – October 20, 2010

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Today, the Market appears set to open higher. The levels we are watching in the SPY are 118.00 and 117.65 (resistance), and 116.80 and 116.00 (support).

Our best AM Idea for today, which we highlighted in our AM Meeting is to use 47.50 as an inflection point in CREE.

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