Market showing some weakness this morning after end of day selloff ystdy. No vote in House ystdy on debt vote not helping. GDP numbers not good for Q2 but info is backward looking. Short bias but most of the downside has been realized prmkt. A pop to 129.40-129.60 would be a safe short area. SPY support 128.35ish
Morning Idea: STEC short close to 10.80
One Comment on “SMB Morning Rundown for July 29, 2011”
Bella… The market has requested you give Steve your profits as punishment for your risky trade!