BTDStocks.com Tuesday, November 23, 2010 End-Of-Day Update

The selloff in stocks was significant today with the DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ) closing below their resistance levels (see new support/resistance levels below). In addition, each of the indexes has now failed at their 21-day moving averages and may need to test their 50-day moving averages for potential support. Market breadth was negative and investors were extremely nervous as the Volatility Index (VIX) rose 12.3%. Until the stock market direction stabilizes, shows support, and can follow through the prudent approach is to be mainly in cash. If you must own stocks then it is best to own small positions. See our watch list below or on our sidebar for stock ideas. SUMMARY DJIA: Down 1.3% to 11,036 S&P 500: Down 1.4% to 1,181 Nasdaq Composite: Down 1.5% to 2,495 BREADTH FOR NYSE Advancing Issues: 681 Declining Issues: 2,379 Advance/Decline Ratio: .3 to 1 New Highs: 32 New Lows: 24 High/Low Ratio: 1.3 to 1 SUPPORT/RESISTANCE LEVELS DJIA: 11,032/11,100 S&P 500: 1,178/1,185 Nasdaq Composite: 2,481/2,505 SECTOR ANALYSIS Utilities was the best performing sectors down 1.1% while Energy was the worst performing sector down 2.0%. Other Sectors: Consumer Discretionary Down 1.5% Consumer Staples Down 1.2% Financials Down 1.6% Health Care Down 1.5% Industrials Down 1.4% Materials Down 1.9% Technology Down 1.5% WATCH LIST SYMBOLS (UUP)-since 10/20/10 (EUO)-since 10/20/10 (APOL)-since 10/28/10 (SH)-since 11/12/10 (NUVA)-since 11/12/10 www.btdstocks.com