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BTDStocks.com Thursday, April 7, 2011 End-of-Day Update

|Includes:AAPL, CCJ, CSCO, SPDR Dow Jones Industrial Average ETF (DIA), EUO, FDO, PSQ, RWM, SH, SOX, SPY, TIP, TLT, UUP, VXX

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.  We are keeping the support/resistance levels on the DJIA the same (see below).  For the S&P 500 the support level is the same but we are lowering its resistance level (see below).  The S&P 500 closed one point above the 1,333 key level.  We are lowering the support/resistance levels on the Nasdaq Composite (see below).  The Nasdaq Composite closed below the 2,799-2800 level it has been struggling with.  The Semiconductor Index (the SOX) remains below its resistance level which is its 50-day moving average.  The Volatility Index (the VIX) continues to look as if it is forming a base that if successful might be a leading indicator that market volatility will increase going forward and bring a correction for stocks.  We might find that as earnings season gets underway that analyst estimates are to high as costs have been increasing.  Based on the current stock market direction stay light and cautious with adding stock positions, protect profits, and keep losses small.  If you need to own stocks, please see our watch list below.  In our watch list today we added positions in the iShares Barclays 20+ Year Treasury Bond (symbol: TLT) at the intra-day price of $90.50, the iShares Barclays TIPS Bond (symbol: TIP) at the intra-day price of $108.56, and the iPath S&P 500 VIX Short-Term Futures ETN (symbol: VXX) at the intra-day price of $28.14. Each of these ETFs will have one position in the watch list.


No positions in securities mentioned.

Stocks: DIA, SPY, SOX, SH, PSQ, RWM, UUP, EUO, AAPL, FDO, CSCO, CCJ, TLT, TIP, VXX