SMB Morning Rundown for December 23, 2009

smbcapitalGeneral Comments, Intraday Levels, Trading IdeasLeave a Comment

Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 111.90 (inflection point), 111.50(sup) and 112.40(res). Below 111.50, the next support level is 110.80. Above 112.40, there are no clear resistance levels.

Our best AM Idea for today, which we highlighted in our AM Meeting is to buy AMZN close to 134. Targets: 135.30, 136.

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