BTDStocks.com Friday, April 29, 2011 End-of-Day Update
Stocks notched mild gains in today's session with the Nasdaq Composite (QQQQ) lagging the DJIA (DIA) and S&P 500 (SPY) for the second straight session. Market breadth was generally positive and investor participation remained above average. For the S&P 500 and Nasdaq Composite we are keeping their support levels the same but raising their resistance levels (see below).
BTDStocks.com Thursday, April 28, 2011 End-of-Day Update
Stocks rose in today's with gains ranging between 0.1% to 0.6% for the DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ). Investor participation was slower in today's session and market breadth was generally good. The Nasdaq Composite traded the majority of the session lower but a late buying surge allowed the index to rise mildly.
BTDStocks.com Wednesday, April 27, 2011 End-of-Day Update
On the heels of the announcement from the Federal Reserve stocks spent the early part of today's session posting mild gains. Once the Federal Reserve announced they were leaving rates alone, would continue with QE2 through June, and hinted of a possible QE3 stocks accelerated their gains with the major indexes (DJIA, S&P 500, and Nasdaq Composite) finishing up between 0.6% and 0.8%.
BTDStocks.com Tuesday, April 26, 2011 End-of-Day Update
Stocks rose today with gains in the major indexes (DJIA, S&P 500, and Nasdaq Composite) ranging between 0.8% and 0.9%. The indexes finished in the upper end of their intra-day trading range. Investor participation finished above average and market breadth was strong on the positive side. In addition, the S&P 500 (SPY) finished at its highest close since June 2008.
BTDStocks.com Monday, April 25, 2011 End-of-Day Update
The major indexes finished mixed today with the DJIA (DIA) and S&P (SPY) down slightly and the Nasdaq Composite (QQQQ) up a small amount. Investor participation was extremely slow in fact the slowest session in 2011 so far. The Federal Reserve will be meeting this week to discuss the economy and the status on QE2 and interest rates.
BTDStocks.com Thursday, April 21, 2011 End-of-Day Update
Stocks rose in today's session with the major indexes increasing their distance above their moving averages. Investor participation was slower with a holiday weekend approaching. Market breadth was positive. We are raising the support/resistance level on the S&P 500 (see below). For the DJIA (DIA) we are raising its resistance level but keeping its support level the same (see below).
BTDStocks.com Wednesday, April 20, 2011 End-of-Day Update
The stock market buoyant higher today on economic and earnings news that investors interpreted as positive. However, most of the day's gains occurred at the market open. The DJIA and S&P 500 rose at least 1.4% with the Nasdaq Composite rising 2.1% with strong participation from investors. Market breadth confirmed the strong action as 4.9 stocks rose for every one that declined on the NYSE.
BTDStocks.com Tuesday, April 19, 2011 End-of-Day Update
Stocks rose today without strong investor participation. Market breadth was better than Monday's session. However, the fire power from institutional investors was lacking in Tuesday's session. This might have been due to Passover as many market participants were off for the holiday.
BTDStocks.com Monday, April 18, 2011 End-of-Day Update
The market indexes (DJIA, S&P 500, Nasdaq Composite) all dropped in today's session 1.1%. However, the market was able to cut their intra-day losses a significant amount. Some of the intra-day losses ranged between 1.9% and 2.1%. Market breadth was materially negative and investor participation confirmed the selling pressure today was significant.
BTDStocks.com Friday, April 15, 2011 End-of-Day Update
Stocks rose today with the major indexes finishing with gains ranging between 0.2% and 0.5%. Investor participation was strong. However, today was an options expiration session. Volume typically picks up during these sessions. Market breadth was decent in today's session as well. Following the trend we are raising the support/resistance levels on the S&P 500 (SPY) (see below).