Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. Thursday, October 7, 2010 End-Of-Day Update

|Includes: SPDR Dow Jones Industrial Average ETF (DIA), QQQ, SPY
The market had a relatively quiet day as one would expect before the jobs report tomorrow morning.  However, many individual stocks are experiencing selling and/or struggling at key moving averages.  The DJIA (NYSEARCA:DIA) and S&P 500 (NYSEARCA:SPY) traded above our resistance levels intraday but closed below them.  The Nasdaq Composite (QQQQ) never reached its next resistance level intraday.   With the current state of the stock market direction uptrend we continue to believe the prudent strategy is to not put new money to work in new stock positions and to protect profits and limit losses. 


DJIA: Down 0.2% to 10,949

S&P 500: Down 0.2% to 1,158

Nasdaq Composite: Up 0.1% to 2,384


Advancing Issues: 1,388

Declining Issues: 1,616

Advance/Decline Ratio: .9 to 1

New Highs: 177

New Lows: 4

High/Low Ratio: 44 to 1


DJIA: 10,751/10,968

S&P 500: 1,137/1,161

Nasdaq Composite: 2,345/2,400

Disclosure: No positions