BTDStocks.com Monday, November 15, 2010 End-Of-Day Update

Stocks were positive for most of today's session but some late day selling left the major indexes with both small gains and losses. It is clear the market is now taking some time to digest the strong stock market direction uptrend that began in early September. For the first time in a while we saw the number of new lows explode above 40 and come close matching the number of new highs (see below). In addition, the DJIA and Nasdaq Composite closed slightly below their 21-day moving averages. So far the pullback looks healthy and could provide the opportunity to open new positions at better risk points. We are leaving the support levels for the DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ) the same and adjusting the resistance levels down based on the recent activity (see below). Until the market can establish a new base that is safer to buy stocks the prudent approach is to be mostly in cash. If your an aggressive investor who needs to be in the market we currently have 5 stocks in our watch list. Here are the symbols and the dates we added them to our watch list. (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 You can see our updates for these symbols on our Twitter page or Follow Us/Watch List sections on our webpage sidebar. SUMMARY DJIA: Up 0.1% to 11,202 S&P 500: Down 0.1% to 1,198 Nasdaq Composite: Down 0.2% to 2,514 BREADTH FOR NYSE Advancing Issues: 1,406 Declining Issues: 1,615 Advance/Decline Ratio: .9 to 1 New Highs: 52 New Lows: 44 High/Low Ratio: 1.2 to 1 SUPPORT/RESISTANCE LEVELS DJIA: 11,144/11,215 S&P 500: 1,185/1,198 Nasdaq Composite: 2,505/2,518 SECTOR ANALYSIS Financials was the best performing sector up 0.4% while materials was the worst performing sector down 0.8%. Other Sectors: Consumer Discretionary Down 0.2% Consumer Staples Flat Energy Down 0.5% Health Care Flat Industrials Up 0.3% Technology Down 0.3% Utilities Up 0.3% www.btdstocks.com