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BTDStocks.com Tuesday, March 1, 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's session saw a selloff in stocks of at least 1.4% in the major indexes.  The DJIA (NYSEARCA:DIA), S&P 500 (NYSEARCA:SPY), and Nasdaq Composite (QQQQ) closed near their session lows.  Investor participation confirmed the selling and market breadth turned negative.  As a result, we are lowering the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below).  The three indexes all closed below their respective 21-day moving averages.  In addition, the Nasdaq Composite tested its 50-day moving average intra-day for the third time in the last five trading sessions but was able to close above it.  Investor fear returned to the market with the Volatility Index (VIX) rising 14.5% from 18.35 to 21.01.  Defense remains the best course based on the current stock market direction.  Protect profits and holding losses small. If you need to own stocks, please see our watch list below.  In our watch list today we added an additional position in Assured Guaranty Ltd. (symbol: AGO) intra-day at $13.96. 

No positions in securities mentioned.