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BTDStocks.com Friday, October 29, 2010 End-Of-Day Update

|Includes: SPDR Dow Jones Industrial Average ETF (DIA), QQQ, SPY

All three indexes the DJIA (NYSEARCA:DIA), S&P 500 (NYSEARCA:SPY), and Nasdaq Composite (QQQQ) finished flat for the day and traded in a narrow, sideways direction.  We moved the support levels on the DJIA and S&P 500 up slightly based on the recent market action (and left the resistance levels the same-see below).  For the Nasdaq support is the same and we moved the resistance level down a little (see below).  Overall, the main takeaway is there has been alot of significant activity recently with little price progress.  The prudent approach for stocks (based on the recent stock market direction) continues to be not to open new positions, take profits, and limit losses.

SUMMARY

DJIA: Flat to 11,118

S&P 500: Flat to 1,183

Nasdaq Composite: Flat to 2,507

BREADTH FOR NYSE

Advancing Issues: 1,805

Declining Issues: 1,189

Advance/Decline Ratio: 1.5 to 1

New Highs: 136

New Lows: 10

High/Low Ratio: 14 to 1

SUPPORT/RESISTANCE LEVELS

DJIA: 11,114/11,144

S&P 500: 1,182/1,185

Nasdaq Composite: 2,437/2,507

SECTOR ANALYSIS

Materials was the best performing sector up 0.8% while Health Care was the worst performing sectors down 0.4%.

Other Sectors:

Consumer Discretionary Flat

Consumer Staples up 0.4%

Energy Flat

Financials down 0.1%

Industrials up 0.2%

Technology up 0.2%

Utilities up 0.2%

www.btdstocks.com



Disclosure: No positions