Today, the Market appears set to open higher after a a number of positive economic reports were released. Pre-Market, the SPY failed at the recent 111.60 resistance level. The levels we are watching in the SPY today are 111.60 for resistance and 110.80 for support. Below 110.80, we expect a move down to 110.50. Below 110.50, the next support level is 110.00.

Our best AM Idea for today, which we highlighted in our AM Meeting is to buy JCG as long as it is holding above 43.50. Confirmation of strength if the JCG starts holding above 44.30. Upside target to 45.80.

Don’t forget to follow us on Twitter!