SMB Morning Rundown for July 20, 2011

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Yesterday we had a large gap up and a strong rally in the afternoon. Good earnings continue to roll out, which gives market players a reason to take us higher. Market is holding above 133.25 today and we could see another uptrend day. Most of the attention will be on VMW, CMG,  AAPL ,and an easier one FTNT.

The best idea is FTNT, and the inflection point we are looking at is 23.00. Short if it fails and long if it holds above.

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