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BTDStocks.com Thursday, March 3, 2011 End-of-Day Update

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

Stocks rallied today with the DJIA (NYSEARCA:DIA), S&P 500 (NYSEARCA:SPY), and Nasdaq Composite (QQQQ) gaining 1.6%, 1.7%, and 1.8%, respectively.  The major indexes closed near session highs.  Market breadth was good.  However, investor participation was lighter in today's session compared to the three strong selloff sessions we have had in the last eight trading sessions.  As a result of today's market activity we are raising the support/resistance levels on the major indexes (see below).  The DJIA, S&P 500, and Nasdaq Composite have regained their 21-day moving averages.  Only the Nasdaq Composite has recently tested its 50-day moving average while the DJIA and S&P 500 have remained well above theirs.  Overall, defense is the smart move right now while protecting profits and holding losses small based on the stock market direction.

No positions in securities mentioned.