Today, the Market appears set to open virtually flat. The levels we are watching in the SPY are 110.00(sup) and 110.50(res). Above 110.50 we see upside to 110.80-111. Below 110, there is no clear support level until 109, but the Market may find support higher. Our best AM Idea for today, which we highlighted in our AM Meeting is to … Read More
SMB Morning Rundown for December 17, 2009
Today, the Market appears set to open lower. The levels we are watching in the SPY are 110.50(sup) and 111(res). Above 111 we see upside to 111.40. Below 110.50, the next support level is 110.25. Our best AM Idea for today, which we highlighted in our AM Meeting is short AMZN at 129.35. Tgt: 127.70 Don’t forget to follow us … Read More
SMB Morning Rundown for December 15, 2009
Today, the Market appears set to open lower. The levels we are watching in the SPY are 111 (sup) and 111.40 (res). Above 111.40, the next resistance level is 112. Below 111, our next support level is 110.50. Our best AM Idea for today, which we highlighted in our AM Meeting is to short AAPL close to 196.40. Tgts: 195.60 … Read More
SMB Morning Rundown for December 14, 2009
Today, the Market appears set to open higher on positive news out of Dubai and a merger between XOM and XTO. The levels we are watching in the SPY are 111.40 (sup) and 112 (res). We believe that if the Market starts consolidating above 112 we could see a trend day up to 113-113.25. However, if we hold below 111.40, … Read More
SMB Morning Rundown for December 11, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 110.50 (sup) and 111.50 (res). Above 111.50, the next resistance level is 112.25. Below 110.50, the next support level is 110.20. Our best AM Idea for today, which we highlighted in our AM Meeting is to short ABX at 41.50. This would be … Read More
SMB Morning Rundown for December 10, 2009
Today, the Market appears set to open higher. The levels we are watching in the SPY are 110.25 (sup) and 111.50 (res). Above 111.50, we could see a move up to 112. Below 110.25, the next support level is 110. Our best AM Idea for today, which we highlighted in our AM Meeting is to buy AAPL on a pullback … Read More
SMB Morning Rundown for December 9, 2009
Today, the Market appears set to open virtually unchanged from yesterday’s Close. We expect another day of tight consolidation before the Market makes a significant move. The levels we are watching in the SPY are 109-109.10 (sup) and 110-110.50 (res). Our best AM Idea for today, which we highlighted in our AM Meeting is to buy RIMM close to 61.40. … Read More
SMB Morning Rundown for December 8, 2009
Today, the Market appears set to open lower led by weakness in the financials and commodity names. We expect the Market to trade mainly in a range today between 109 (sup) and 110.50 (res). We are also watching the 111.40 level in GLD. Below 111.40 we could see further downside in Gold today. Our best AM Idea for today, which … Read More