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BTDStocks.com Friday, September 24, 2010 End-Of-Day Update

|Includes: CAT, SPDR Dow Jones Industrial Average ETF (DIA), MDLZ, QQQ, SPY, VZ
CURRENT COMMENTARY

After some back and forth action yesterday and three relatively quiet down days the market staged a nice rally today and took out the resistance levels and indicated the stock market direction uptrend is still intact.  As a result, we are increasing both the support and resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below).   Also encouraging was the fact the semiconductor index played catch up and outperformed the Nasdaq 4.0% versus 2.3%. 

SUMMARY

DJIA: Up 1.9% to 10,860

S&P 500: Up 2.1% to 1,149

Nasdaq Composite: Up 2.3% to 2,381

BREADTH FOR NYSE

Advancing Issues: 2,540 

Declining Issues: 540 

Advance/Decline Ratio: 5 to 1

New Highs: 148

New Lows: 3

High/Low Ratio: 49 to 1

SUPPORT/RESISTANCE LEVELS

DJIA: 10,662/10,897

S&P 500: 1,125/1,156

Nasdaq Composite: 2,327/2,389

NOTABLE ACTIVITY IN DOW 30 STOCKS

 

Kraft Foods (symbol: KFT) up 2.2% on heavier volume

Caterpillar Inc (symbol: CAT) up 4.6% on heavier volume

ACTIVE STOCK PROFILES

Verizon Communications Inc. (symbol: VZ) profiled since $31.84 (overvalued)

www.btdstocks.com



Disclosure: No positions