Today, the Market appears set to open virtually unchanged from yesterday’s Close. We expect another day of tight consolidation before the Market makes a significant move. The levels we are watching in the SPY are 109-109.10 (sup) and 110-110.50 (res).
Our best AM Idea for today, which we highlighted in our AM Meeting is to buy RIMM close to 61.40. Target: 63.25-63.50.
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4 Comments on “SMB Morning Rundown for December 9, 2009”
great call guys!
great call guys!
What an excellent call on RIMM. I missed it as I have no experience with RIMM or your recommendations and so it would have been a blind move. But, while I saw it running away, I tried to figure out how you could make that call based on the charts. The key is that I have to be able to do these things myself.
What an excellent call on RIMM. I missed it as I have no experience with RIMM or your recommendations and so it would have been a blind move. But, while I saw it running away, I tried to figure out how you could make that call based on the charts. The key is that I have to be able to do these things myself.