Shore Capital Management LLC

As the emini S&P futures contract (basis June) bottomed on 2/5/10, the market has rallied for the last several weeks. We believe the market may be becoming a bit overbought. We are not looking for a major correction in the market, but more of a minor retracement.

Initial support is found in the 1142 to 1139 range. If this is broken, the next level of support is found in the 1137 to 1134 range. If 1136.50 is taken out, there is potential the market could reach 1128 to 1122.

Initial resistance is found at 1149 to 1152. The next level of resistance is 1154 to 1157. There is very strong resistance at 1160.