Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. Wednesday, January 19, 2011 End-Of-Day Update

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

The market had one of its worst recent sessions in a while on above average participation from investors today. Many more stocks declined than rose but the trend in the number of stocks making new lows on the NYSE declined for the second session in a row after rising for a few sessions. We are raising the support levels but lowering the resistance levels on the DJIA (NYSEARCA:DIA), S&P 500 (NYSEARCA:SPY), and Nasdaq Composite (QQQQ) (see below). Investor fear picked up on the Volatility Index (VIX) as it was able to clear and close above its 21-day moving average. Based on the stock market direction opening new positions in stocks is risky right now. Protect your profits and sell positions that have developed a material loss. If you need to own stocks please see our open watch list symbols below. 

No positions in securities mentioned.