BTDStocks.com Friday, November 26, 2010 End-Of-Day Update

In a holiday shortened session stocks declined with the market closing early today. The stock market continues to be in a constructive consolidation. We are making minor adjustments to the support/resistance levels on the DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ) (see below). However, until we see more positive follow through, the prudent approach (if you need to own stocks) is to own small positions in stocks and keep the majority in cash based on the current stock market direction. We can get more aggressive if the market decides to rally from here. We added another stock to our Watch List (see below) which you can track on our webpage sidebar and follow our updates on Twitter. SUMMARY DJIA: Down 0.9% to 11,092 S&P 500: Down 0.8% to 1,89 Nasdaq Composite: Down 0.3% to 2,535 BREADTH FOR NYSE Advancing Issues: 949 Declining Issues: 1,966 Advance/Decline Ratio: .5 to 1 New Highs: 71 New Lows: 10 High/Low Ratio: 7 to 1 SUPPORT/RESISTANCE LEVELS DJIA: 11,054/11,144 S&P 500: 1,185/1,198 Nasdaq Composite: 2,531/2,543 SECTOR ANALYSIS Consumer Staples (XLP) and Utilities (XLU) were the best performing sectors down 0.7% while Materials was the worst performing sector down 1.7%. Other Sectors: Consumer Discretionary (XLY) Down 0.8% Energy (XLE) Down 1.2% Financials (XLF) Down 1.4% Health Care (XLV) Down 0.9% Industrials (XLI) Down 0.8% Technology (XLK) Down 1.9% 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 (DLR)-since 11/26/10 www.btdstocks.com
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!