SMB Morning Rundown for December 7, 2009

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Today, the Market appears set to open virtually unchanged. On the Open, if the Market starts holding above SPY 111.40, we could see a move up to Friday’s highs (112.40). If we hold below 110.80, look for a move down to Friday’s lows (110). We are also looking for further weakness in Gold today.

Our best AM Idea for today, which we highlighted in our AM Meeting is to buy AKAM close to 25.70. Tgt: 26.80-27.50. We also think LRCX is poised to take out recent highs. Safe entry point on the long side would be 38.25.

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