Today, the Market appears set to open slightly lower. The levels we are watching in the SPY are 113.50 (inflection point), 113.15(sup) and 114.00(res).
Our best AM Idea for today, which we highlighted in our AM Meeting is to buy BBBY as long as it holding above 42.00. Tgt 43.00. However, if it starts holding below 42.00, we will flip our bias to short, with a downside target of 40.50.
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3 Comments on “SMB Morning Rundown for January 7, 2010”
Your teet on this comes through before mkt open but the this web page does not open for me until after open. Is that because the site is overloaded at that time or is it so that you will not influence the opening action from your recommendation?
Your teet on this comes through before mkt open but the this web page does not open for me until after open. Is that because the site is overloaded at that time or is it so that you will not influence the opening action from your recommendation?