Stock Market Summary For Friday, April 15, 2011

BTDStocks
updated | Author's Website

Stocks rose today with the major indexes finishing with gains ranging between 0.2% and 0.5%. Investor participation was strong. However, today was an options expiration session. Volume typically picks up during these sessions. Market breadth was decent in today’s session as well. Following the trend we are raising the support/resistance levels on the S&P 500 (see below). We are keeping the support/resistance levels on the DJIA and Nasdaq Composite the same (see below). On the heels of some earnings reports that Wall Street found disappointing stocks managed to finish in positive territory. The utility sector led the advance rising 1.1% while technology lagged falling 0.2%. Technology was the only sector down today. You usually want to see technology companies participating since they provide innovative products/services that drive the economy. Investor complacency remains high and volatility low. Stocks have been resilient but they could be prone to a sharper pullback if the bond market is giving us any clues. Bonds were strong today as the ishares Barclays 20 Year Treasury ETF (symbol: TLT) rose 1.4% and has performed in stride with equities recently. The logical approach right now is to remain cautious when adding stock positions. If you need to own stocks, please see our watch list below.

 

SUMMARY

 

DJIA: Up 0.5% to 12,342

S&P 500: Up 0.4% to 1,320

Nasdaq Composite: Up 0.2% to 2,765

 

SUPPORT/RESISTANCE LEVELS

 

DJIA: 12,264/12,391

S&P 500: 1,317/1,322

Nasdaq Composite: 2,756/2,766

 

BREADTH FOR NYSE

 

Advancing Issues: TBD

Declining Issues: TBD

Advance/Decline Ratio: TBD to 1

 

New Highs: TBD

New Lows: TBD

High/Low Ratio: TBD to 1

 

SECTOR ANALYSIS

 

Utilities was the best performing sector up 1.1% and Technology was the worst performing sector down 0.2%.

 

Other Sectors:

 

Consumer Discretionary Up 0.5%

Consumer Staples Up 0.4%

Energy Up 0.8%

Financials Up 0.1%

Health Care Up 0.9%

Industrials Up 0.4%

Materials Up 0.7%

 

OPEN WATCH LIST SYMBOLS (Through Friday, April 15, 2011)

 

Transactions:

 

(SH) added @ $46.03 on 11/12/10; current price @ $41.35; 10.2% loss

(PSQ) added @ $35.05 on 12/8/10; current price @ $32.98; 5.9% loss

(RWM) added @ $32.79 on 12/16/10; current price @ $29.68; 9.5% loss

(UUP) added @ $22.80 on 1/14/11; current price @ $21.46; 5.9% loss

(EUO) added @ $20.30 on 1/14/11; current price @ $17.19; 15.3% loss

(UUP) added @ $22.20 on 2/1/11; current price @ $21.46; 3.3% loss

(EUO) added @ $18.97 on 2/1/11; current price @ $17.19; 9.4% loss

(UUP) added @ $22.14 on 2/24/11; current price @ $21.46; 3.1% loss

(EUO) added @ $18.92 on 2/24/11; current price @ $17.19; 9.1% loss

(NASDAQ:AAPL) added @ $340.33 on 2/24/11; current price @ $327.46; 3.8% loss

(NYSE:FDO) added @ $50.28 on 3/2/11; current price @ $51.99; 3.4% gain

(UUP) added @ $21.94 on 3/4/11; current price @ $21.46; 2.2% loss

(EUO) added @ $18.38 on 3/4/11; current price @ $17.19; 6.5% loss

(UUP) added @ $21.93 on 3/14/11; current price @ $21.46; 2.1% loss

(EUO) added @ $18.34 on 3/14/11; current price @ $17.19; 6.3% loss

(NASDAQ:CSCO) added @ $17.83 on 3/14/11; current price @ $17.03; 4.5% loss

(UUP) added @ $21.72 on 3/18/11; current price @ $21.46; 1.2% loss

(EUO) added @ $17.87 on 3/18/11; current price @ $17.19; 3.8% loss

(SH) added @ $42.22 on 3/22/11; current price @ $41.35; 2.1% loss

(PSQ) added @ $33.74 on 3/22/11; current price @ $32.98; 2.3% loss

(RWM) added @ $30.71 on 3/22/11; current price @ $29.68; 3.4% loss

(NYSE:CCJ) added @ $31.44 on 3/23/11; current price @ $28.46; 9.5% loss

(SH) added @ $41.49 on 3/28/11; current price @ $41.35; 0.3% loss

(PSQ) added @ $32.83 on 3/28/11; current price @ $32.98; 0.5% gain

(RWM) added @ $30.08 on 3/28/11; current price @ $29.68; 1.3% loss

(UUP) added @ $21.75 on 4/5/11; current price @ $21.46; 1.3% loss

(EUO) added @ $17.70 on 4/5/11; current price @ $17.19; 2.9% loss

(TLT) added @ $90.50 on 4/7/11; current price @ $92.67; 2.4% gain

(TIP) added @ $108.56 on 4/7/11; current price @ $110.35; 1.6% gain

(VXX) added @ $28.14 on 4/7/11; current price @ $27.55; 2.1% loss

(NYSE:CCJ) added @ $27.65 on 4/12/11; current price @ $28.46; 2.9% gain

(NASDAQ:CSCO) added @ $17.12 on 4/14/11; current price @ $17.03; 0.5% loss

 

Overall:

 

(SH) overall average of six positions: average cost @ $42.49; current price @ $42.06; 1.0% loss

(PSQ) overall average of six positions; average cost @ $33.19; current price @ $33.44; 0.8% gain

(RWM) overall average of six positions; average cost @ $31.06; current price @ $30.58; 1.5% loss

(UUP) overall average of seven positions; average cost @ $22.07; current price @ $21.46; 2.8% loss

(EUO) overall average of seven positions; average cost @ $18.64; current price @ $17.19; 7.8% loss

(NASDAQ:AAPL) overall average of one position; cost @ $340.33; current price @ $327.46; 3.8% loss

(NYSE:FDO) overall average of one position; cost @ $50.28; current price @ $51.99; 3.4% gain

(NASDAQ:CSCO) overall average of two position; cost @ $17.48; current price @ $17.03; 2.5% loss

(NYSE:CCJ) overall average of three positions; cost @ $29.38; current price @ $29.33; 0.2% loss

(TLT) overall average of one position; cost @ $90.50; current price @ $92.67; 2.4% gain

(TIP) overall average of one position; cost @ $108.56; current price @ $110.35; 1.6% gain

(VXX) overall average of one position; cost @ $28.14; current price @ $27.55; 2.1% loss

 

CLOSED WATCH LIST SYMBOLS

 

(UUP) added @ $22.56 on 10/20/10; removed @ $23.51 on 11/30/10; 4.2% gain

(EUO) added @ $19.19 on 10/20/10; removed @ $21.65 on 11/30/10; 12.8% gain

(NASDAQ:APOL) added @ $37.77 on 10/28/10; removed @ $39.97 on 12/31/10; 5.8% gain

(NASDAQ:NUVA) added @ $25.11 on 11/12/10; removed @ $26.03 on 12/31/10; 3.7% gain

(NYSE:DLR) added @ $52.22 on 11/26/10; removed @ $53.01 on 12/10/10; 1.5% gain

(NASDAQ:CSCO) added @ $19.36 on 12/2/10; removed @ $20.91 on 1/6/11; 8.0% gain

(UUP) added @ $23.14 on 12/8/10; removed @ $23.37 on 1/10/11; 1.0% gain

(EUO) added @ $20.79 on 12/8/10; removed @ $21.73 on 1/10/11; 4.5% gain

(NYSE:FDO) added @ $44.64 on 1/21/11; removed @ $55.50 on 2/16/11; 24.3% gain

(GDX) added @ $55.04 on 1/27/11; removed @ $58.58 on 2/22/11; 6.4% gain

(SH) added @ $41.70 on 2/7/11; removed @ $42.71 on 3/15/11; 2.4% gain

(PSQ) added @ $32.67 on 2/7/11; removed @ $33.81 on 3/15/11; 3.5% gain

(RWM) added @ $31.01 on 2/7/11; removed @ $31.55 on 3/15/11; 1.7% gain

(SH) added @ $41.10 on 2/16/11; removed @ $42.71 on 3/15/11; 3.9% gain

(PSQ) added @ $31.91 on 2/16/11; removed @ $33.81 on 3/15/11; 6.0% gain

(RWM) added @ $30.20 on 2/16/11; removed @ $31.55 on 3/15/11; 4.5% gain

(TLT) added @ $89.22 on 2/11/11; removed @ $92.54 on 3/15/11; 3.7% gain

(TIP) added @ $105.39 on 2/11/11; removed @ $109.34 on 3/15/11; 3.7% gain

(SH) added @ $42.38 on 1/27/11; removed @ $42.91 on 3/17/11; 1.3% gain

(PSQ) added @ $32.91 on 1/27/11; removed @ $34.05 on 3/17/11; 3.5% gain

(RWM) added @ $31.57 on 2/1/11; removed @ $31.36 on 3/17/11; 0.7% loss

(NYSE:AGO) added @ $13.96 on 3/1/11; removed @ $14.95 on 3/24/11; 7.1% gain

(NYSE:AGO) added @ $13.90 on 3/14/11; removed @ $14.95 on 3/24/11; 7.6% gain

(NASDAQ:NUAN) added @ $17.40 on 3/18/11; removed @ $19.59 on 3/31/11; 12.6% gain

(NASDAQ:NUAN) added @ $17.53 on 3/14/11; removed @ $19.58 on 4/4/11; 11.7% gain

(NYSE:CCJ) added @ $29.05 on 3/29/11; removed @ $31.07 on 4/4/11; 7.0% gain

(NYSE:AGO) added @ $15.25 on 2/24/11; removed @ $15.05 on 4/5/11; 1.3% loss

 

The average holding period (in days) for each closed position is 32 days

The average % return for each closed position is 5.6%

 

Our watch list/stock of the day is hypothetical and we do not personally execute any transaction based on it. All prices are based on market open prices on the dates listed above unless position was added/removed from watch intra-day as noted in blog posts.

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