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

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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
KFT
up 2.2% on heavier volume Caterpillar Inc
CAT
up 4.6% on heavier volume ACTIVE STOCK PROFILES Verizon Communications Inc.
VZ
profiled since $31.84 (overvalued) www.btdstocks.com
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