Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. Tuesday, October 12, 2010 End-Of-Day Update

|Includes: SPDR Dow Jones Industrial Average ETF (DIA), QQQ, SPY, TTI
The stock market opened the day significantly lower and then turned around and was steady until the minutes from the Federal Reserve meeting were released. The gains accelerated after the report was out. As a result, we raised the resistance levels on the DJIA (NYSEARCA:DIA), S&P 500 (NYSEARCA:SPY), and Nasdaq Composite (QQQQ) a small amount to 11,045, 1,172, and 2,425, respectively. We continue to see signs that complacency is building as the stock market direction uptrend continues to creep higher. This type of market action tends to result in sharp pullbacks once there are no investors left to buy. The prudent strategy is to keep your powder dry from opening new positions, protect your profits, and don't let losses turn big.


DJIA: Up 0.1% to 11,020

S&P 500: Up 0.4% to 1,170

Nasdaq Composite: Up 0.7% to 2,418


Advancing Issues: 1,695

Declining Issues: 1,320

Advance/Decline Ratio: 1.3 to 1

New Highs: 147

New Lows: 2

High/Low Ratio: 74 to 1


DJIA: 10,949/11,045

S&P 500: 1,158/1,172

Nasdaq Composite: 2,384/2,425


TETRA Technologies Inc.
Symbol: TTI

Comments: (NYSE:TTI) was up 2.9% on heavier volume today.

Disclosure: No positions