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Tuesday, February 23, 2010

SPY - Updated



SPY - Appears to be heading into a tight trading range in front of the tomorrows EcoNews from Fed Chairman Bernanke Testifies and New Home Sales. Market was generally positive, yesterday, however it turn downward into the close of the day. If the SPY breaks below 111 even we should see a run down to 110; or a break above 111.50; then we should see 112 even.