BTDStocks.com Friday, April 8, 2011 End-of-Day Update
Stocks opened higher in today's session only to reverse course and selloff in the last few hours of trading. The intra-day losses were deeper at one point but the market recovered some of the losses by the closing bell. Market breadth finished negative and there was no indication that investors were participating in the market today with strength.
BTDStocks.com Thursday, April 7, 2011 End-of-Day Update
A positive start for the stock market today fizzled as another earthquake occurred in Japan. Stocks sold off sharply erasing early gains and traded the rest of the session down. However, the major indexes did come off their session lows finishing down slightly. Investor participation did increase in today's session somewhat and market breadth was mainly negative.
BTDStocks.com Wednesday, April 6, 2011 End-of-Day Update
The major indexes worked their way a little higher in today's session with gains ranging between 0.2% and 0.3%. Investor participation improved slightly and market breadth favored the positive side. We are keeping the support levels the same on the DJIA (DIA) and S&P 500 (SPY) but raising it on the Nasdaq Composite (QQQQ) (see below).
BTDStocks.com Tuesday, April 5, 2011 End-of-Day Update
BTDStocks.com Monday, April 4, 2011 End-of-Day Update
BTDStocks.com Friday, April 1, 2011 End-of-Day Update
On the day where the March jobs report indicated some growth in the employment area the major indexes rose between 0.3% and 0.5%. However, the S&P 500 (SPY) and Nasdaq Composite (QQQQ) came off their session highs and finished in the lower end of their trading range. Market breadth was stronger on the NYSE than the Nasdaq and investor participation sent mixed signals as well.
BTDStocks.com Thursday, March 31, 2011 End-of-Day Update
The market finished with mild gains and losses on the major indexes. The DJIA (DIA) and S&P 500 (SPY) closed near their session lows while the Nasdaq Composite (QQQQ) closed near its session highs. Investor participation was mild in the session before the March jobs report. Market breadth was ok. Keeping with the trend we are lowering the support/resistance levels on the S&P 500 (see below).
BTDStocks.com Wednesday, March 30, 2011 End-of-Day Update
BTDStocks.com Tuesday, March 29, 2011 End-of-Day Update
In contrast to yesterday’s session stocks were able to reverse early losses and gain anywhere from 0.7% to 1.0%. Market breadth was good and investor participation picked up as stocks finished near session highs. As a result, we are raising the resistance levels on the DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ) (see below).