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).
BTDStocks.com Thursday, April 14, 2011 End-of-Day Update
The major indexes spent most of the session today down but as the day went on stocks edged their way to basically a flat close. The DJIA (DIA) was up 0.1%, the S&P 500 (SPY) was flat, and the Nasdaq Composite (QQQQ) was down 0.1%. Even though stocks were able to erase the losses investor participation was somewhat mixed and market breadth was neutral.
BTDStocks.com Wednesday, April 13, 2011 End-of-Day Update
After selling off in yesterday's sessions stocks finished with mixed results in today's session. The Nasdaq Composite (QQQQ) was the clear leader with a 0.6% advance as the result of favorable comments from some technology companies. The DJIA (DIA) was up only 0.1% and the S&P 500 (SPY) was flat and could not close above its 50-day moving average.
BTDStocks.com Tuesday, April 12, 2011 End-of-Day Update
BTDStocks.com Monday, April 11, 2011 End-of-Day Update
A positive open for the stock market today reversed course as the S&P 500/Nasdaq Composite closed near the bottom of their intra-day trading ranges. The DJIA was flat in the session. Market breadth once again swayed towards the negative side and investor participation was somewhat there to validate the down session.
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).