SMB Setup for the Close for November 20, 2009

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Today, the Market touched SPY 109 in the middle of the day the before making a modest attempt to rally later in the day. Into the Close we don’t expect a big move in the Market as the volume in fairly light. We are watching SPY 109.70 for resistance and 109 for support.

Our best idea into the Close is RIMM. Another failure close to 60.00 would be a good candidate for a short for a move down to 59.50 and possibly 59.00 if the Market sells off hard.

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