Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

BTDStocks.com Friday, September 10, 2010 End-of-Day Update

|Includes: AA, SPDR Dow Jones Industrial Average ETF (DIA), QQQ, SPY, TRV
CURRENT COMMENTARY

The market was able to take out some resistance levels we recently identified with modest gains today.  As a result, we are raising the resistance levels on the DJIA and S&P 500 to 10,465 and 1,115.  We are keeping the resistance level on the Nasdaq Composite at 2,250.  All support levels remain the same.  We continue to suggest we need to see better action in the semiconductor index (SOX) in order for the uptrend in the stock market direction to continue.     

SUMMARY

DJIA: Up 0.5% to 10,463

S&P 500: Up 0.5% to 1,110

Nasdaq Composite: Up 0.3% to 2,242

BREADTH FOR NYSE

Advancing Issues: 1,941

Declining Issues: 1,063

Advance/Decline Ratio: 2 to 1

New Highs: 95

New Lows: 4

High/Low Ratio: 24 to 1

SUPPORT/RESISTANCE LEVELS

DJIA: 10,341/10,465

S&P 500: 1,092/1,115

Nasdaq Composite: 2,209/2,250

NOTABLE ACTIVITY IN DOW 30 STOCKS

None

ACTIVE STOCK PROFILES

Alcoa (symbol: AA) profiled since $10.79

The Travelers Companies, Inc. (symbol: TRV) since $50.36

www.btdstocks.com



Disclosure: No positions