Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. Thursday, January 6, 2011 End-Of-Day Update

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

Stocks finished mixed on strong investor participation.  There was buying in Nasdaq Composite  (QQQQ) stocks but selling in the DJIA (NYSEARCA:DIA) and S&P 500 (NYSEARCA:SPY) stocks.  Breadth was mixed as well.  With the jobs report due out before tomorrow's open there could be an increase in volatility.  Volatility has been relatively quiet so far in the New Year.  We are raising the support levels in the major indexes but lowering the resistance level in the DJIA, keeping it the same for the S&P 500, and raising it in the Nasdaq Composite (see below).  Overall, we are continuing with our bias of selling into strength.  The current risk-reward profile indicates it is better to wait for lower prices to open new positions.  If you need to own stocks, please see our watch list.  Based on our blog update from last night we removed Cisco Systems (symbol: CSCO) from our watch list at today's market open price of $20.91.  CSCO went up 8.0% (in 35 days) while included in our watch list.    

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