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BTDStocks.com Wednesday, September 29, 2010 End-Of-Day Update

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

CURRENT COMMENTARY

The market traded in a tight range today and was only able to trade at or above the resistance levels we identified briefly.  We are keeping the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite the same (see below).  As we said in last night's post now is not the time to become aggressive and lighting up might be a good choice in stocks that have made you money.  Tomorrow is the end of the third quarter and we will need to see how the stock market direction current uptrend responds once mutual fund managers are done window dressing their performance.  

SUMMARY

DJIA: Down 0.2% to 10,835

S&P 500: Down 0.3% to 1,145

Nasdaq Composite: Down 0.1% to 2,377

BREADTH FOR NYSE

Advancing Issues: 1,670

Declining Issues: 1,352

Advance/Decline Ratio: 1.2 to 1

New Highs: 148

New Lows: 5

High/Low Ratio: 30 to 1

SUPPORT/RESISTANCE LEVELS

DJIA: 10,662/10,860

S&P 500: 1,125/1,149

Nasdaq Composite: 2,327/2,381

NOTABLE ACTIVITY IN DOW 30 STOCKS

None

ACTIVE STOCK PROFILES

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

www.btdstocks.com



Disclosure: No positions