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Stock Market Direction For Tuesday, September 13, 2011

|Includes: QQQ, SMH, SOX, SPDR S&P 500 Trust ETF (SPY)

Stock market direction is neutral and has been active 2 trading sessions.

Comments: for the second session in a row the S&P 500 and Nasdaq Composite finished in the upper end of their intra-day trading ranges with gains of at least 0.9% with Semiconductor stocks leading the way.  The support level on the S&P 500 moved up from 1,154 to 1,165 and the resistance level is higher from 1,165 to 1,177 (21 day moving average).  The S&P 500 remains below the 21, 50, and 200 day moving averages.