{"id":2640,"date":"2009-11-23T09:23:44","date_gmt":"2009-11-23T14:23:44","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=2640"},"modified":"2023-05-15T16:55:57","modified_gmt":"2023-05-15T20:55:57","slug":"smb-morning-rundown-4","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/smb-morning-rundown-4","title":{"rendered":"SMB Morning Rundown for November 23, 2009"},"content":{"rendered":"<p>Today, the Market appears set to open higher after comments over the weekend from Chicago Fed Evans that interest rates will probably remain near zero into 2010. The weakness in the dollar is helping push gold to new highs, and also the catalyst for the strength in other commodities.<\/p>\n<p>The levels we are watching in the SPY are 110.50 (inflection) and 110.80 for resistance. If we start holding above 110.80, the next resistance levels we have in the SPY are 111.45 and 111.80. On the downside, we have support at 109.30.<\/p>\n<p>Our best AM Idea for today, which we highlighted in our <a href=\"https:\/\/www.smbtraining.com\/blog\/trader-90-trader-365\">AM Meeting<\/a> is to focus on the Agricultural sector. Specifically, we like the fact that MOS is gapping above multi-month resistance levels. If it can hold above these levels, we expect a significant move in the stock<\/p>\n<p>Don&#8217;t forget to <a href=\"http:\/\/twitter.com\/smbcapital\">follow us<\/a> on Twitter!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, the Market appears set to open higher after comments over the weekend from Chicago Fed Evans that interest rates will probably remain near zero into 2010. The weakness in the dollar is helping push gold to new highs, and also the catalyst for the strength in other commodities. The levels we are watching in the SPY are 110.50 (inflection) &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/smb-morning-rundown-4\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2640","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SMB Morning Rundown for November 23, 2009 | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/smb-morning-rundown-4\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMB Morning Rundown for November 23, 2009 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Today, the Market appears set to open higher after comments over the weekend from Chicago Fed Evans that interest rates will probably remain near zero into 2010. The weakness in the dollar is helping push gold to new highs, and also the catalyst for the strength in other commodities. The levels we are watching in the SPY are 110.50 (inflection) ... 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