Today, the Market appears set to open higher as positive developments in Dubai and the weakness in the dollar have helped lift the futures. The levels we are watching in the SPY are 110.50 for support and 111.40 for resistance. Above 111.40, we expect a trend day up to 113.00. However, if the market starts holding below 110.50, we expect a move back down to 110.00.

Our best AM Idea for today, which we highlighted in our AM Meeting is to buy AMZN close to 135.80. Tgt: 138-140.

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