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BTDStocks.com Monday, September 13, 2010 End-Of-Day Update

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

More resistance levels were taken out today and the semiconductor index (the SOX) finally showed some strength gaining 3.4% almost twice the return of the Nasdaq Composite.  We will continue to follow the trend and raise the resistance levels (see below).  Short term the overall stock market direction is looking overbought.  However, markets can appear overbought and stocks can continue to rise.  It wouldn't surprise us to see the markets consolidate some of the recent gains.  In particular the Nasdaq has two recent gap ups that if they were to be filled would mean the Nasdaq would test down to 2,252 and possible 2,200 areas.  Lastly, since we profiled Alcoa Inc. (symbol: AA) it is up 6.8% in 5 trading sessions.  When you get such a nice return in such a short period time it is usually prudent to take part of the position off the table.         

SUMMARY

DJIA: Up 0.8% to 10,544

S&P 500: Up 1.1% to 1,122

Nasdaq Composite: Up 1.9% to 2,286

BREADTH FOR NYSE

Advancing Issues: 2,371

Declining Issues: 707

Advance/Decline Ratio: 3 to 1

New Highs: 143

New Lows: 4

High/Low Ratio: 36 to 1

SUPPORT/RESISTANCE LEVELS

DJIA: 10,341/10,636

S&P 500: 1,092/1,126

Nasdaq Composite: 2,209/2,288

NOTABLE ACTIVITY IN DOW 30 STOCKS

Microsoft Corporation (Symbol: MSFT) up 5.3% on heavy volume

ACTIVE STOCK PROFILES

Alcoa (symbol: AA) profiled since $10.79

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

www.btdstocks.com



Disclosure: No positions