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BTDStocks.com Thursday, February 24, 2011 End-of-Day Update

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

Today was a volatile session in the market with the major indexes finishing mixed. Investor participation eased somewhat and market breadth was neutral overall. At some points in today's session stocks appeared destined for another day of brutal selling. However, the market was able to show resilience and rebound somewhat. We are leaving the support levels the same on the DJIA (NYSEARCA:DIA) and S&P 500 (NYSEARCA:SPY) but raising it slightly for the Nasdaq Composite (see below). We are raising the resistance levels on the DJIA and S&P 500 slightly and keeping the same for the Nasdaq Composite (QQQQ). The Nasdaq Composite tested and once again closed above its 50-day moving average. The DJIA and S&P 500 have not tested their 50-day moving averages since the market began retreating this week. Investor fear eased a little as for the second straight session as the Volatility Index (VIX) was unable to close above and recapture its 200-day moving average. Stocks could be in the process of establishing a new base here. Until the stock market direction confirms this defense remains the smart choice. Continuing to protect profits and holding losses small is the prudent approach. If you need to own stocks, please see our watch list below. Today in an intra-day special alert we added for the third time positions in the PowerShares Double US Dollar Index Bullish Fund (NYSEARCA:UUP) and the ProShares UltraShort Euro (NYSEARCA:EUO). In addition, in an intra-day special alert we added Apple Inc. (NASDAQ:AAPL) and Assured Guaranty Ltd. (NYSE:AGO) to our watch list.  


No positions in securities mentioned.