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BTDStocks.com Monday, December 13, 2010 End-Of-Day Update

|Includes: APOL, CSCO, SPDR Dow Jones Industrial Average ETF (DIA), EUO, NUVA, PSQ, QQQ, SH, SPY, UUP

Today stocks rose early in the session with decent gains and indicated investors were bidding up share prices.  As the day wore on the gains subsided and by the close the major indexes all finished near their lows of the session and showed signs investors were locking in some of their gains.  Breadth indicators continued to weaken and are not as strong compared to earlier rallies since March 2009.  However, the late day selloff didn't do enough damage to materially change our support/resistance levels on the DJIA (NYSEARCA:DIA), S&P 500 (NYSEARCA:SPY), and Nasdaq Composite (QQQQ) (see below).  The Volatility Index (VIX) was down 5.3% with gains in the indexes under 1% intraday but finished down only 0.3% near the highs of the day.   The activity in the VIX may mean volatility is about to pick up which could indicate a consolidation or a correction for stocks is brewing.  Overall, we believe the prudent approach is to continue selling into strength based on the current stock market direction.  If you need to own stocks, please see our watch list below.       

Interesting Article: Chart Analysis of Gold's 2010 wrap up. Click here to read it.

SUMMARY

DJIA: Up 0.2% to 11,429

S&P 500: Flat to 1,240

Nasdaq Composite: Down 0.5% to 2,625

BREADTH FOR NYSE

Advancing Issues: 1,443

Declining Issues: 1,608

Advance/Decline Ratio: .9 to 1

New Highs: 259

New Lows: 82

High/Low Ratio: 3 to 1

SUPPORT/RESISTANCE LEVELS

DJIA: 11,204/11,444

S&P 500: 1,226/1,242

Nasdaq Composite: 2,580/2,638

SECTOR ANALYSIS

Energy was the best performing sector up 0.9% while Consumer Discretionary was the worst performing sector down 0.5%.

Other Sectors:

Consumer Staples Flat

Financials Down 0.1%

Health Care Up 0.2%

Industrials Up 0.1%

Materials Up 0.5%

Technology Down 0.2%

Utilities Up 0.5%

WATCH LIST SYMBOLS

(NASDAQ:APOL)-since 10/28/10

(NYSEARCA:SH)-since 11/12/10

(NASDAQ:NUVA)-since 11/12/10

(NASDAQ:CSCO)-since 12/2/10

(NYSEARCA:PSQ)-since 12/8/10

(NYSEARCA:UUP)-since 12/8/10

(NYSEARCA:EUO)-since 12/8/10

Click here to track our watch list results.

No positions in securities mentioned.

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