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BTDStocks.com Thursday, March 31, 2011 End-of-Day Update

|Includes:AAPL, AGO, CCJ, CSCO, SPDR Dow Jones Industrial Average ETF (DIA), EUO, FDO, NUAN, PSQ, RWM, SH, SPY, UUP

The market finished with mild gains and losses on the major indexes.  The DJIA (NYSEARCA:DIA) and S&P 500 (NYSEARCA:SPY) closed near their session lows while the Nasdaq Composite (QQQQ) closed near its session highs. Investor participation was mild in the session before the March jobs report.  Market breadth was ok.  Keeping with the trend we are lowering the support/resistance levels on the S&P 500 (see below).  For the Nasdaq Composite we are keeping the support/resistance levels the same (see below).  We are keeping the support level for the DJIA the same but lowering its resistance level (see below).  This was the typical type of trading you see the day before a key economic report is released.  Complacency is pretty high in this market.  Based on the current stock market direction moving into stock positions slowly remains the prudent approach. This way your portfolio can dodge a major bullet if stocks decide to reverse course.  If you need to own stocks, please see our watch list below. In our watch list today we removed the position in Nuance Communications (symbol: NUAN) added on March 18, 2011 at $19.59.  NUAN gained 12.6% in 13 days while on our watch list.  We added NUAN at $17.40.
No positions in securities mentioned.

Stocks: DIA, SPY, SH, PSQ, RWM, UUP, EUO, AAPL, AGO, FDO, NUAN, CSCO, CCJ