SMB Morning Rundown – January 22, 2010

smbcapitalTrading IdeasLeave a Comment

Today, the Market appears set to open slightly lower. The levels we are watching in the SPY are 111.60(res) and 110.80(sup). Below 110.80, the next support level is 110.20. Above 111.60, the next resistance level is 112.25.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short KMB on a pop close to 60.00. Tgts: 58.70, 85.20

Don’t forget to follow us on Twitter!

Leave a Reply