HOW OUR DAY WENT:
The ES ran up in the first 20 minutes
to 1119.00, just under the last resistance at 1119.50-
1121.00, and reversed. After pulling back, members were
told to short under 1116.00 =new= resistance, and the
bounce reached 1115.75 before reversing. The group was
told that the action was like Thursday, and we got the
bounce highs all the way down to lower lows. Then the
ES bounced to the 1105.50 updated resistance, setting
up another short. The group was alerted to the chance
of a double bottom, and that played out well too.
We get lots of questions about our instant messenger room.
Members get additional guidance there every day. To
see today and Thursday's instant messages, check them
out by going here-
http://www.tradestalker.com/log.htm
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Friday, December 04, 2009
TradeStalker's RBI Update 12/03/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 3 / 2009
(Published Since 1996)
...............................................
Dateline: 6:29 pm eastern time, 12/3/2009
The ES opened higher on Thursday and sprinted to 1117.00 in
the first 15 minutes of stock trading, and then a reversal
occurred and the market dropped sharply. The ES fell to
1105.25, and that was right at key support at the 1105.00-
1104.25 zone. The ES bounced, but the move had a lid at the
1111 updated resistance. That set up a couple of good shorts
at the 1109.50-1110.50 sell zone, with the last one being a
double digit move for the ES. The ES made a tiny double top
at resistance around 2 pm, and then the break of the 1107.50
level brought in selling with about 30 minutes left. The
downside gathered steam and the ES dropped to the 1098-1096
target/support right at the close.
The market broke back under the intraday break-out areas on
Thursday, and after getting the crowd overly bullish, there
was another rush for the exit door similar to last week.
Both the SP500 and Dow made new yearly highs intraday, then
closed under the Wednesday lows. The Vix plunged to 20.61,
close to the yearly low, then reversed to close up 6% for
the day. That sudden shift in sentiment was due, and it
should now revert to the mean. On a daily close-only chart,
the SP500 is still in a 17 day old trading range. That has
compressed the Bollinger Bands on the daily chart, and that
often precedes a sizable trend move. The SP500 Cash needs to
have a close over 1111, or under 1091, to get a break of
this current range.
We get the Employment data before the open on Friday. Right
now it looks like any kind of rally attempt should fail. The
ES met the first good support on the downside on Thursday's
close. If the market can hold over the initial support areas
on Friday, or quickly reverse if they are broken, then the
market might it might have a change to run up towards the
1106.00-1106.50 area before the move reverses. It would take
a break/hold over the 1110.25-1111.00 area on the ES to get
out of trouble short term. If the market gets hit with a
selloff that can not hold around the 1088.25-1087.50 area on
the ES, and 1091 on the SP500 cash, then the market could be
on the verge of a bigger picture pullback that re-visits the
1078.00-1077.50 area on the ES - where the last intraday
swing low was made while still closing in the 1091-1111
range.
CLICK HERE for FREE Trading Articles and Videos!
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1103.25-1104.00
1106.00-1106.50
1108.50 ** strong
1110.25-1111.00
1116.50-1117.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1097.25-1096.25
1093.00-1092.50
1088.25-1087.50
1083.00-1082.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1788.50-1789.75
1794.50-1795.75
1797.75
1800.00-1801.00
1805.50-1806.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1777.50-1776.75
1771.75-1771.00
1765.00-1763.75
1755.00-1754.00
December 2009 Dow futures resistance
symbols: emini = ymz9
10392-10396
10429-10434
10443
10454-10458
10499-10505
December 2009 Dow futures support
symbols: emini = ymz9
10342-10338
10314-10311
10285-10282
10242-10238
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
12 / 3 / 2009
(Published Since 1996)
...............................................
Dateline: 6:29 pm eastern time, 12/3/2009
The ES opened higher on Thursday and sprinted to 1117.00 in
the first 15 minutes of stock trading, and then a reversal
occurred and the market dropped sharply. The ES fell to
1105.25, and that was right at key support at the 1105.00-
1104.25 zone. The ES bounced, but the move had a lid at the
1111 updated resistance. That set up a couple of good shorts
at the 1109.50-1110.50 sell zone, with the last one being a
double digit move for the ES. The ES made a tiny double top
at resistance around 2 pm, and then the break of the 1107.50
level brought in selling with about 30 minutes left. The
downside gathered steam and the ES dropped to the 1098-1096
target/support right at the close.
The market broke back under the intraday break-out areas on
Thursday, and after getting the crowd overly bullish, there
was another rush for the exit door similar to last week.
Both the SP500 and Dow made new yearly highs intraday, then
closed under the Wednesday lows. The Vix plunged to 20.61,
close to the yearly low, then reversed to close up 6% for
the day. That sudden shift in sentiment was due, and it
should now revert to the mean. On a daily close-only chart,
the SP500 is still in a 17 day old trading range. That has
compressed the Bollinger Bands on the daily chart, and that
often precedes a sizable trend move. The SP500 Cash needs to
have a close over 1111, or under 1091, to get a break of
this current range.
We get the Employment data before the open on Friday. Right
now it looks like any kind of rally attempt should fail. The
ES met the first good support on the downside on Thursday's
close. If the market can hold over the initial support areas
on Friday, or quickly reverse if they are broken, then the
market might it might have a change to run up towards the
1106.00-1106.50 area before the move reverses. It would take
a break/hold over the 1110.25-1111.00 area on the ES to get
out of trouble short term. If the market gets hit with a
selloff that can not hold around the 1088.25-1087.50 area on
the ES, and 1091 on the SP500 cash, then the market could be
on the verge of a bigger picture pullback that re-visits the
1078.00-1077.50 area on the ES - where the last intraday
swing low was made while still closing in the 1091-1111
range.
CLICK HERE for FREE Trading Articles and Videos!
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1103.25-1104.00
1106.00-1106.50
1108.50 ** strong
1110.25-1111.00
1116.50-1117.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1097.25-1096.25
1093.00-1092.50
1088.25-1087.50
1083.00-1082.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1788.50-1789.75
1794.50-1795.75
1797.75
1800.00-1801.00
1805.50-1806.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1777.50-1776.75
1771.75-1771.00
1765.00-1763.75
1755.00-1754.00
December 2009 Dow futures resistance
symbols: emini = ymz9
10392-10396
10429-10434
10443
10454-10458
10499-10505
December 2009 Dow futures support
symbols: emini = ymz9
10342-10338
10314-10311
10285-10282
10242-10238
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 12/03/09
HOW OUR DAY WENT:
The ES opened higher and sprinted to
1117.00 in the first 15 minutes, and then a reversal
occured and the market dropped sharply. The ES fell to
1105.25 and that was right at key support listed at
1105.00-1104.25. The ES bounced, but the move had a
lid at the 1111 updated resistance. That set up a couple
of good shorts at the 1109.50-1110.50 sell zone, especially
at around 2 pm. The ES made a tiny double top at resistance
and turned down, and when 1107.50 broke the market nose-
dived. As was pointed out all day, breaking 1105 meant a
trip down to the 1098-1096 area. In an Instant message
members were told:
Dec 03-15:49) mike: bid 1098.25 that might be the low,
but bid 1098.25 to cover day trade shorts , if short
from 1109-1110, holding some overnight
The low was at 1097.50, right in the 1098.00-1096.25
target/support area as our group banked about 12 points on
the last trade.
**The =8= intraday updates are copied below the nightly
game-plan Support and Resistance tables. In the chat
box, much more guidance was given intraday.**
We LOWERED our subscription prices by =25%= from now
until Tuesday - December 15th. We will not be dropping
our subscription rates like this again for a very long
time. Go here now to sign up:
http://www.tradestalker.com/donate-wheels.htm
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The ES opened higher and sprinted to
1117.00 in the first 15 minutes, and then a reversal
occured and the market dropped sharply. The ES fell to
1105.25 and that was right at key support listed at
1105.00-1104.25. The ES bounced, but the move had a
lid at the 1111 updated resistance. That set up a couple
of good shorts at the 1109.50-1110.50 sell zone, especially
at around 2 pm. The ES made a tiny double top at resistance
and turned down, and when 1107.50 broke the market nose-
dived. As was pointed out all day, breaking 1105 meant a
trip down to the 1098-1096 area. In an Instant message
members were told:
Dec 03-15:49) mike: bid 1098.25 that might be the low,
but bid 1098.25 to cover day trade shorts , if short
from 1109-1110, holding some overnight
The low was at 1097.50, right in the 1098.00-1096.25
target/support area as our group banked about 12 points on
the last trade.
**The =8= intraday updates are copied below the nightly
game-plan Support and Resistance tables. In the chat
box, much more guidance was given intraday.**
We LOWERED our subscription prices by =25%= from now
until Tuesday - December 15th. We will not be dropping
our subscription rates like this again for a very long
time. Go here now to sign up:
http://www.tradestalker.com/donate-wheels.htm
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 12/02/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 2 / 2009
(Published Since 1996)
...............................................
Dateline: 6:34 pm eastern time, 12/2/2009
The ES popped into our sell zone in the first 10 minutes on
Wednesday, and it dropped from 1111.00 to 1107.25 before
reversing. Members were told via instant message to cover
1/2 at 1108.50 or better, and tighten a stop, on the way
down to 1107.25. That protected small profits and then the
ES ran up to a new yearly high at 1115.50 before reversing
again. The 1111.50 level had to hold to avoid a top, and the
break triggered a 7 point drop down to a 1104.25 low. The
market refused to break the 1103-1102 area, but had trouble
on the upside still. The updated resistance given at the
1107.75-1108.50 area then offered 2 scalp trades before a
thin and choppy bounce in the last hour of trading.
The SP500 cash and futures opened and closed at about the
same levels on Wednesday, after the temporary breakout in
the morning. The market is beginning to get a bit
overbought, and the sentiment has gone from overly bearish
to very bullish short term. If there is one more decent
rally, and it also fails, then the ingredients will be there
for a decent sized selloff. For now however, the market will
be "okay" as long as the 1105.00-1104.25 area is held. If
the market is still in good shape, then reaching the
1119.50-1121.00 could be in the cards before a decent
selloff occurs. However, if that 1105.00-1104.25 area
breaks, then the downside could pick up some steam and break
towards the 1097.25-1096.25 area before there is a reversal
attempt.
The market will likely give us two-sided action on Thursday
in front of Friday's Employment numbers. Look for early
weakness to reverse to set up a trade on the long side. If
that plays out, beware of a reversal when the upside
momentum stalls/ reverses, and especially if there is a
straight up move towards the 1115.00-1115.50 zone. If there
is a buying frenzy early in the day, that 1119.50-1121.00
area could be seen and the action around that zone should
then be telling as for the short and intermediate term
outlook.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1109.25-1109.75
1111.75-1112.50
1115.00-1115.50
1119.50-1121.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1105.00-1104.25
1102.75-1102.25
1097.25-1096.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1792.75-1794.00
1798.00-1799.00
1805.50-1806.50
1811.00-1812.25
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1787.00-1786.00
1782.00-1781.00
1777.50-1776.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10449-10452
10478-10482
10502-10505
10542-10546
December 2009 Dow futures support
symbols: emini = ymz9
10416-10412
10404-10401
10354-10349
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
12 / 2 / 2009
(Published Since 1996)
...............................................
Dateline: 6:34 pm eastern time, 12/2/2009
The ES popped into our sell zone in the first 10 minutes on
Wednesday, and it dropped from 1111.00 to 1107.25 before
reversing. Members were told via instant message to cover
1/2 at 1108.50 or better, and tighten a stop, on the way
down to 1107.25. That protected small profits and then the
ES ran up to a new yearly high at 1115.50 before reversing
again. The 1111.50 level had to hold to avoid a top, and the
break triggered a 7 point drop down to a 1104.25 low. The
market refused to break the 1103-1102 area, but had trouble
on the upside still. The updated resistance given at the
1107.75-1108.50 area then offered 2 scalp trades before a
thin and choppy bounce in the last hour of trading.
The SP500 cash and futures opened and closed at about the
same levels on Wednesday, after the temporary breakout in
the morning. The market is beginning to get a bit
overbought, and the sentiment has gone from overly bearish
to very bullish short term. If there is one more decent
rally, and it also fails, then the ingredients will be there
for a decent sized selloff. For now however, the market will
be "okay" as long as the 1105.00-1104.25 area is held. If
the market is still in good shape, then reaching the
1119.50-1121.00 could be in the cards before a decent
selloff occurs. However, if that 1105.00-1104.25 area
breaks, then the downside could pick up some steam and break
towards the 1097.25-1096.25 area before there is a reversal
attempt.
The market will likely give us two-sided action on Thursday
in front of Friday's Employment numbers. Look for early
weakness to reverse to set up a trade on the long side. If
that plays out, beware of a reversal when the upside
momentum stalls/ reverses, and especially if there is a
straight up move towards the 1115.00-1115.50 zone. If there
is a buying frenzy early in the day, that 1119.50-1121.00
area could be seen and the action around that zone should
then be telling as for the short and intermediate term
outlook.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1109.25-1109.75
1111.75-1112.50
1115.00-1115.50
1119.50-1121.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1105.00-1104.25
1102.75-1102.25
1097.25-1096.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1792.75-1794.00
1798.00-1799.00
1805.50-1806.50
1811.00-1812.25
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1787.00-1786.00
1782.00-1781.00
1777.50-1776.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10449-10452
10478-10482
10502-10505
10542-10546
December 2009 Dow futures support
symbols: emini = ymz9
10416-10412
10404-10401
10354-10349
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 12/02/09
HOW OUR DAY WENT:
The ES popped into our sell zone in the
first 15 minutes, and it dropped from 1111.00 to 1107.25
before reversing. Members were told via instant message
to cover 1/2 at 1108.50 or better, and tighten a stop, on
the way down to 1107.25. That protected small profits and
then the ES ran up to a new yearly high at 1115.50 before
reversing again. The 1111.50 level had to hold to avoid
a top, and the break triggered a 7 point drop down to a
1104.25 low. The updated resistance given at the 1107.75-
1108.50 area then offered 2 scalp trades before the last
hour bounce.
Good Trading,
Mike Reed
TradeStalker.com
The ES popped into our sell zone in the
first 15 minutes, and it dropped from 1111.00 to 1107.25
before reversing. Members were told via instant message
to cover 1/2 at 1108.50 or better, and tighten a stop, on
the way down to 1107.25. That protected small profits and
then the ES ran up to a new yearly high at 1115.50 before
reversing again. The 1111.50 level had to hold to avoid
a top, and the break triggered a 7 point drop down to a
1104.25 low. The updated resistance given at the 1107.75-
1108.50 area then offered 2 scalp trades before the last
hour bounce.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 12/01/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 1 / 2009
(Published Since 1996)
...............................................
Dateline: 6:02 pm eastern time, 12/1/2009
Although follow through strength was not expected on
Tuesday, the day still turned out well. The ES reversed from
the 1108.50-1019.00 resistance in the first 30 minutes, and
then it fell to the updated 1103.25-1102.50 support zone.
From there, the ES rallied to the 1111-1113 major resistance
zone, and the ES made a double top at 1111.75 to set up a
trade on the short side. The ES dropped 5.25 points while
the weaker NQ gave back 12.75 points by the close.
We get the ADP Employment Report before stocks open on
Wednesday, and then we get the Fed Beige Book at 2 pm. The
ES and SP500 cash has been in a range since November 10th,
and is 15 trading days old. The internal gauges are still in
neutral short term, however after a big spike last Friday
the Vix reversed to the downside very fast.
The Dow made a new intraday and closing high for the year,
while none of the other averages did the same. The "end of
month, first day of the new month" upside bias is now over.
The market will need to broaden out if there is going to be
an upside breakout that can stick. However, the market acted
like it ran into a wall at the highs on Tuesday. If the
market fails from up here, then it will likely mean a trip
back to the bottom of the range at the 1085-1083 area. If
there is a breakout over the 1111.75-1112.25 zone, and it
isn't quickly reversed, then a run-up towards the 1118.50-
1121.00 area looks like furthest it will get before a decent
pullback.
On Wednesday, be looking to get short near the 1109.75-
1110.25 area with a stop just a bit over the 1112.25 yearly
high. The reward/ risk should be very good, and it could
turn into a trade to hold on to for a few days. If the
market can hold the 1103.00-1102.25 support on a pullback
and reverse back up, then we still have a pretty strong
market. However, if there is not a reversal around that
area, then the 1097.00-1096.25 area, or lower, is likely
before there is a decent rebound.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1109.75-1110.25
1111.75-1112.25
1118.50-1121.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1106.75-1106.25
1103.00-1102.25
1097.00-1096.25
1093.25-1092.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1794.00-1795.25
1799.00-1801.00
1803.50-1804.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1787.00-1786.00
1782.00-1781.00
1772.00-1770.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10477-10480
10491-10494
10552-10556
December 2009 Dow futures support
symbols: emini = ymz9
10449-10446
10412-10408
10354-10349
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
12 / 1 / 2009
(Published Since 1996)
...............................................
Dateline: 6:02 pm eastern time, 12/1/2009
Although follow through strength was not expected on
Tuesday, the day still turned out well. The ES reversed from
the 1108.50-1019.00 resistance in the first 30 minutes, and
then it fell to the updated 1103.25-1102.50 support zone.
From there, the ES rallied to the 1111-1113 major resistance
zone, and the ES made a double top at 1111.75 to set up a
trade on the short side. The ES dropped 5.25 points while
the weaker NQ gave back 12.75 points by the close.
We get the ADP Employment Report before stocks open on
Wednesday, and then we get the Fed Beige Book at 2 pm. The
ES and SP500 cash has been in a range since November 10th,
and is 15 trading days old. The internal gauges are still in
neutral short term, however after a big spike last Friday
the Vix reversed to the downside very fast.
The Dow made a new intraday and closing high for the year,
while none of the other averages did the same. The "end of
month, first day of the new month" upside bias is now over.
The market will need to broaden out if there is going to be
an upside breakout that can stick. However, the market acted
like it ran into a wall at the highs on Tuesday. If the
market fails from up here, then it will likely mean a trip
back to the bottom of the range at the 1085-1083 area. If
there is a breakout over the 1111.75-1112.25 zone, and it
isn't quickly reversed, then a run-up towards the 1118.50-
1121.00 area looks like furthest it will get before a decent
pullback.
On Wednesday, be looking to get short near the 1109.75-
1110.25 area with a stop just a bit over the 1112.25 yearly
high. The reward/ risk should be very good, and it could
turn into a trade to hold on to for a few days. If the
market can hold the 1103.00-1102.25 support on a pullback
and reverse back up, then we still have a pretty strong
market. However, if there is not a reversal around that
area, then the 1097.00-1096.25 area, or lower, is likely
before there is a decent rebound.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1109.75-1110.25
1111.75-1112.25
1118.50-1121.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1106.75-1106.25
1103.00-1102.25
1097.00-1096.25
1093.25-1092.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1794.00-1795.25
1799.00-1801.00
1803.50-1804.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1787.00-1786.00
1782.00-1781.00
1772.00-1770.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10477-10480
10491-10494
10552-10556
December 2009 Dow futures support
symbols: emini = ymz9
10449-10446
10412-10408
10354-10349
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 12/01/09
HOW OUR DAY WENT:
Not expecting a big up day, we still
had good trades set up. The ES reversed from the 1108.50-
1019.00 resistance in the first 30 minutes and then it
fell to the updated 1103.25-1102.50 support zone. From
there the ES rallied to the 1111-1113 sell zone, and the
ES made a double top at 1111.75 to set up a trade on the
short side. The ES dropped 5.25 points while the weaker
NQ gave back 11.75 points by the close.
Good Trading,
Mike Reed
TradeStalker.com
Not expecting a big up day, we still
had good trades set up. The ES reversed from the 1108.50-
1019.00 resistance in the first 30 minutes and then it
fell to the updated 1103.25-1102.50 support zone. From
there the ES rallied to the 1111-1113 sell zone, and the
ES made a double top at 1111.75 to set up a trade on the
short side. The ES dropped 5.25 points while the weaker
NQ gave back 11.75 points by the close.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 11/30/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 30 / 2009
(Published Since 1996)
...............................................
Dateline: 6:21 pm eastern time, 11/30/2009
The market opened flat on Monday and then after a drop to
1086.75 reversed, the market rallied for about an hour. The
ES reached 1096.50 and then turned back down, and a steady
selloff took the market to new lows for the day. The 1085.00
low was reversed and after a bounce failed, buying came in
at 1086.00 and a decent bounce followed. The upside didn't
go too far however, as the ES ran up to 1090.75 and then the
move was reversed. Then with an hour left in stock trading,
the market headed back up and tested the morning highs. The
move didn't stick and the market dropped into the close.
The short term gauges are in neutral territory, and the
averages all made inside days on Monday. The drop from the
double top shows the market is still a bit skittish, and the
next decent sized move should be to the downside. We get the
ISM Index and Pending Home Sales 30 minutes into the trading
day on Tuesday. A test of the initial resistance would set
up a good shorting opportunity, as the market has failed up
there twice in the last 2 days. It looks like first support
levels need to hold if the market is going to be stronger
than anticipated. Otherwise, a rally attempt will have
trouble sticking. If Monday's lows are broken and not
quickly reversed on Tuesday, then a re-test of the 1078.00-
1077.50 zone from last week becomes a good possibility.
So, look for early strength to set up a shorting
opportunity, especially if the 1096.50 area is rejected
early. If that plays out, then the first decent pullback
should hold around the 1092 area on the ES. If that breaks,
and then the 1088.25-1087.50 area is tested and not
reversed, it means we have a weak market that could have a
poor day. If none of that happens, and the ES happens to
plow through the 1096.50-1097.00 area without any trouble,
then a run-up towards the 1102.50-1103.25 area is possible
before a reversal occurs.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1096.50-1097.00
1102.50-1103.25
1108.50-1109.00
1111.50-1112.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1092.00
1088.25-1087.50
1085.00
1083.00-1082.50
1078.00-1077.50
1068.50-1067.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1770.00-1770.75
1778.50-1779.75
1785.50-1786.50
1790.25-1791.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1763.75
1758.25-1757.50
1754.00
1751.00-1750.25
1743.00-1741.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10353-10356
10398-10402
10447-10451
10472-10478
December 2009 Dow futures support
symbols: emini = ymz9
10314
10285-10282
10251
10236-10234
10207-10202
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 30 / 2009
(Published Since 1996)
...............................................
Dateline: 6:21 pm eastern time, 11/30/2009
The market opened flat on Monday and then after a drop to
1086.75 reversed, the market rallied for about an hour. The
ES reached 1096.50 and then turned back down, and a steady
selloff took the market to new lows for the day. The 1085.00
low was reversed and after a bounce failed, buying came in
at 1086.00 and a decent bounce followed. The upside didn't
go too far however, as the ES ran up to 1090.75 and then the
move was reversed. Then with an hour left in stock trading,
the market headed back up and tested the morning highs. The
move didn't stick and the market dropped into the close.
The short term gauges are in neutral territory, and the
averages all made inside days on Monday. The drop from the
double top shows the market is still a bit skittish, and the
next decent sized move should be to the downside. We get the
ISM Index and Pending Home Sales 30 minutes into the trading
day on Tuesday. A test of the initial resistance would set
up a good shorting opportunity, as the market has failed up
there twice in the last 2 days. It looks like first support
levels need to hold if the market is going to be stronger
than anticipated. Otherwise, a rally attempt will have
trouble sticking. If Monday's lows are broken and not
quickly reversed on Tuesday, then a re-test of the 1078.00-
1077.50 zone from last week becomes a good possibility.
So, look for early strength to set up a shorting
opportunity, especially if the 1096.50 area is rejected
early. If that plays out, then the first decent pullback
should hold around the 1092 area on the ES. If that breaks,
and then the 1088.25-1087.50 area is tested and not
reversed, it means we have a weak market that could have a
poor day. If none of that happens, and the ES happens to
plow through the 1096.50-1097.00 area without any trouble,
then a run-up towards the 1102.50-1103.25 area is possible
before a reversal occurs.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1096.50-1097.00
1102.50-1103.25
1108.50-1109.00
1111.50-1112.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1092.00
1088.25-1087.50
1085.00
1083.00-1082.50
1078.00-1077.50
1068.50-1067.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1770.00-1770.75
1778.50-1779.75
1785.50-1786.50
1790.25-1791.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1763.75
1758.25-1757.50
1754.00
1751.00-1750.25
1743.00-1741.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10353-10356
10398-10402
10447-10451
10472-10478
December 2009 Dow futures support
symbols: emini = ymz9
10314
10285-10282
10251
10236-10234
10207-10202
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 11/30/09
HOW OUR DAY WENT:
Last night our group was told:
"On Monday look for early strength that fails under the
initial resistance to set up a shorting opportunity."
The first bounce stalled out 1 point from the 1097.50
resistance about an hour into trading, then when 1092.50
broke the move went trend-down to a 1085.00 double bottom.
The intraday updates gave guidance the rest of the day.
Good Trading,
Mike Reed
TradeStalker.com
Last night our group was told:
"On Monday look for early strength that fails under the
initial resistance to set up a shorting opportunity."
The first bounce stalled out 1 point from the 1097.50
resistance about an hour into trading, then when 1092.50
broke the move went trend-down to a 1085.00 double bottom.
The intraday updates gave guidance the rest of the day.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 11/29/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 29 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 11/29/2009
On Friday the ES gapped down 30.25 points from Wednesday's
close, and opened right at the 1078.00-1077.50 support zone.
Shorts took cover (put options exploded on the open for a
nice percentage gain) and new buying came in and the market
went into a trend-up move until around 11 am. After the ES
reached 1098.25, it pulled back to 1091.00 and then the
market turned up again. However, the move fizzled/reversed
at 1097.25, and with that being good resistance the market
sold off into the close.
Last Tuesday night, with the market trading near its highs,
I stated :
"Just be careful holding a trade on the long side
for very long. The way the market is acting, it
could give back a week's worth of gains in a few
hours."
The Wednesday session was quiet, but the ES really struggled
around the 1110 level. Then when the news broke that another
bank was in trouble, that was the straw that broke the
bull's back, and was the impetus for a very sharp drop. The
market turned up from a decent support area on Friday, and
then the ES rallied back 20 points. That was a very nice
bounce, so a test of that area should hold unless we have a
panic selloff. If the market cannot hold on a test of the
Friday lows, a trip towards the 1068.50-1067.75 area or
lower could be in the cards.
On Monday look for early strength that fails under the
initial resistance to set up a shorting opportunity. If that
plays out, or there is early weakness that reverses near the
1083.00-1082.50 area, it could set up a buying opportunity.
If that area isn't held, then the Friday lows should be
tested before a reversal attempt. For now, the bounces are
better shorting opportunities unless a test of the Friday
lows is reversed.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1097.50-1098.25
1102.50-1103.25
1108.50-1109.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1088.25-1087.50
1083.00-1082.50
1078.00-1077.50
1068.50-1067.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1778.50-1779.75
1785.50-1786.50
1794.25-1795.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1758.25-1757.75
1751.50-1751.00
1743.00-1741.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10364-10367
10398-10402
10447-10451
December 2009 Dow futures support
symbols: emini = ymz9
10282-10278
10247-10242
10207-10202
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 29 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 11/29/2009
On Friday the ES gapped down 30.25 points from Wednesday's
close, and opened right at the 1078.00-1077.50 support zone.
Shorts took cover (put options exploded on the open for a
nice percentage gain) and new buying came in and the market
went into a trend-up move until around 11 am. After the ES
reached 1098.25, it pulled back to 1091.00 and then the
market turned up again. However, the move fizzled/reversed
at 1097.25, and with that being good resistance the market
sold off into the close.
Last Tuesday night, with the market trading near its highs,
I stated :
"Just be careful holding a trade on the long side
for very long. The way the market is acting, it
could give back a week's worth of gains in a few
hours."
The Wednesday session was quiet, but the ES really struggled
around the 1110 level. Then when the news broke that another
bank was in trouble, that was the straw that broke the
bull's back, and was the impetus for a very sharp drop. The
market turned up from a decent support area on Friday, and
then the ES rallied back 20 points. That was a very nice
bounce, so a test of that area should hold unless we have a
panic selloff. If the market cannot hold on a test of the
Friday lows, a trip towards the 1068.50-1067.75 area or
lower could be in the cards.
On Monday look for early strength that fails under the
initial resistance to set up a shorting opportunity. If that
plays out, or there is early weakness that reverses near the
1083.00-1082.50 area, it could set up a buying opportunity.
If that area isn't held, then the Friday lows should be
tested before a reversal attempt. For now, the bounces are
better shorting opportunities unless a test of the Friday
lows is reversed.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1097.50-1098.25
1102.50-1103.25
1108.50-1109.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1088.25-1087.50
1083.00-1082.50
1078.00-1077.50
1068.50-1067.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1778.50-1779.75
1785.50-1786.50
1794.25-1795.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1758.25-1757.75
1751.50-1751.00
1743.00-1741.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10364-10367
10398-10402
10447-10451
December 2009 Dow futures support
symbols: emini = ymz9
10282-10278
10247-10242
10207-10202
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Friday, November 27, 2009
SPECIAL MARKET UPDATE 11/26/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 26 / 2009
(Published Since 1996)
SPECIAL UPDATE
...............................................
Dateline: 3:49 pm eastern time, 11/26/2009
Another banking problem, apparently involving the Dubai
government, helped trigger the downside that was warned of.
If you followed me and bought Put options with the ES
at/near 1110 (per the instant message sent late on
Wednesday), take off half at the open on Friday. The support
and resistance areas that are most important are below.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1090.00
1095.00-1095.50
1099.75-1100.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1083.00-1082.50
1078.00-1077.50
1074.00-1072.50
1068.25-1067.75
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 26 / 2009
(Published Since 1996)
SPECIAL UPDATE
...............................................
Dateline: 3:49 pm eastern time, 11/26/2009
Another banking problem, apparently involving the Dubai
government, helped trigger the downside that was warned of.
If you followed me and bought Put options with the ES
at/near 1110 (per the instant message sent late on
Wednesday), take off half at the open on Friday. The support
and resistance areas that are most important are below.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1090.00
1095.00-1095.50
1099.75-1100.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1083.00-1082.50
1078.00-1077.50
1074.00-1072.50
1068.25-1067.75
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's RBI Update 11/24/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 24 / 2009
(Published Since 1996)
...............................................
Dateline: 6:33 pm eastern time, 11/24/2009
We were fading the early direction on Tuesday and the ES
opened at 1105.50 (1105.50-1106.00 was initial resistance)
and then promptly fell 10.50 points to 1095.00 before
turning back up. The 1095.25 level was the 3rd support level
listed last night. The ES then rallied to 1106.75, where it
was sold pre-open, and then the ES dropped to 1102.50 in the
last 15 minutes of the day.
NOTE: This is the last update until Sunday night. A Happy
Thanksgiving to our U.S. and Canadian friends, and a great
long weekend for all of you.
The short term internal gauges that were oversold are in
neutral now. However, the Vix made a new low close for the
year on Tuesday. If the Vix drops under 20.35 on Wednesday,
and then reverses and closes up for the day, it will give 3
or 4 Vix Sell signals. The market has had some good swings
in both directions this week, however the bounces are not
sticking. When the market pulls back, and can not entice
more good buying on a reversal, then things could get a bit
ugly. The day before the Thanksgiving Holiday tends to be
bullish. Just be careful holding a trade on the long side
for very long. The way the market is acting, it could give
back a week's worth of gains in a few hours.
On Wednesday we get another batch of economic data coming
before the open and 30 minutes into the trading day. If
Wednesday is going to give us "normal" pre holiday trading,
then most of the action should occur in the first 90 minutes
and last 90 minutes. If the market opens higher, and the
move is reversed from just under the 1106.50-1106.75
resistance, then another down day is likely. That, or a
reversal in the first 40 minutes of trading, would set up a
*very* good shorting opportunity. If the market opens lower,
but can reverse back up from the 1100.50-1100.00 area on the
ES, then we could get a decent bounce back towards the
1106.50-1106.75 area. IF that area is exceeded and not
quickly reversed, then the 1109.00-1109.50 area could be
tested. Just beware that the move on the upside will likely
fail. Unless 1107 on the ES is exceeded, then the market is
extremely vulnerable and could fall back towards the 1092.75
gap on the SP futures (ES) and/or 1768.00 on the Nasdaq 100
futures (NQ) as the market continues its topping process.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1106.50-1106.75
1109.00-1109.50 **strong
1111.75-1112.25 **major
1117.50-1118.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1102.50
1100.50-1100.00 **must hold
1095.25-1095.00
1093.00-1092.50 **major
1088.50-1088.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1792.00-1792.50
1796.75-1797.50
1801.75-1803.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1784.00
1780.75-1780.25
1774.50-1773.50
1769.75-1768.75
1760.50-1759.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10434-10438
10477-10480
10498-10502
December 2009 Dow futures support
symbols: emini = ymz9
10398
10377-10372
10338-10334
10314-10311
10276-10273
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 24 / 2009
(Published Since 1996)
...............................................
Dateline: 6:33 pm eastern time, 11/24/2009
We were fading the early direction on Tuesday and the ES
opened at 1105.50 (1105.50-1106.00 was initial resistance)
and then promptly fell 10.50 points to 1095.00 before
turning back up. The 1095.25 level was the 3rd support level
listed last night. The ES then rallied to 1106.75, where it
was sold pre-open, and then the ES dropped to 1102.50 in the
last 15 minutes of the day.
NOTE: This is the last update until Sunday night. A Happy
Thanksgiving to our U.S. and Canadian friends, and a great
long weekend for all of you.
The short term internal gauges that were oversold are in
neutral now. However, the Vix made a new low close for the
year on Tuesday. If the Vix drops under 20.35 on Wednesday,
and then reverses and closes up for the day, it will give 3
or 4 Vix Sell signals. The market has had some good swings
in both directions this week, however the bounces are not
sticking. When the market pulls back, and can not entice
more good buying on a reversal, then things could get a bit
ugly. The day before the Thanksgiving Holiday tends to be
bullish. Just be careful holding a trade on the long side
for very long. The way the market is acting, it could give
back a week's worth of gains in a few hours.
On Wednesday we get another batch of economic data coming
before the open and 30 minutes into the trading day. If
Wednesday is going to give us "normal" pre holiday trading,
then most of the action should occur in the first 90 minutes
and last 90 minutes. If the market opens higher, and the
move is reversed from just under the 1106.50-1106.75
resistance, then another down day is likely. That, or a
reversal in the first 40 minutes of trading, would set up a
*very* good shorting opportunity. If the market opens lower,
but can reverse back up from the 1100.50-1100.00 area on the
ES, then we could get a decent bounce back towards the
1106.50-1106.75 area. IF that area is exceeded and not
quickly reversed, then the 1109.00-1109.50 area could be
tested. Just beware that the move on the upside will likely
fail. Unless 1107 on the ES is exceeded, then the market is
extremely vulnerable and could fall back towards the 1092.75
gap on the SP futures (ES) and/or 1768.00 on the Nasdaq 100
futures (NQ) as the market continues its topping process.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1106.50-1106.75
1109.00-1109.50 **strong
1111.75-1112.25 **major
1117.50-1118.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1102.50
1100.50-1100.00 **must hold
1095.25-1095.00
1093.00-1092.50 **major
1088.50-1088.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1792.00-1792.50
1796.75-1797.50
1801.75-1803.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1784.00
1780.75-1780.25
1774.50-1773.50
1769.75-1768.75
1760.50-1759.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10434-10438
10477-10480
10498-10502
December 2009 Dow futures support
symbols: emini = ymz9
10398
10377-10372
10338-10334
10314-10311
10276-10273
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 11/24/09
HOW OUR DAY WENT:
We were shorting early strength on
Tuesday and the ES opened at 1105.50 (1105.50-1106.00 was
initial resistance) and then promptly fell 10.50 points to
1095.00 before turning back up. The 1095.25 level was the
3rd support level listed last night. The ES rallied to
1106.75, where it was sold pre-open, and members were
given the "top is in" alert. The moves were not going to
stick, and the ES dropped 4+ points to 1102.50 in the
last 15 minutes.
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
We were shorting early strength on
Tuesday and the ES opened at 1105.50 (1105.50-1106.00 was
initial resistance) and then promptly fell 10.50 points to
1095.00 before turning back up. The 1095.25 level was the
3rd support level listed last night. The ES rallied to
1106.75, where it was sold pre-open, and members were
given the "top is in" alert. The moves were not going to
stick, and the ES dropped 4+ points to 1102.50 in the
last 15 minutes.
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Monday, November 23, 2009
TradeStalker's RBI Update 11/23/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 23 / 2009
(Published Since 1996)
...............................................
Dateline: 6:14 pm eastern time, 11/23/2009
The ES gapped up 12+ points on Monday and kept on going
higher for about 40 minutes. The ES tested the 1112.25 high
from last Monday, but fell just shy at 1111.50 before the
move fizzled out. From there, the market went into trend
down mode into late afternoon. The bounces all failed at, or
just under, the 1105.75 resistance level, and the low was
made with about 25 minutes left in stock trading. The ES
reached 1101.25 and then bounced back to 1105.00 and backed
off a bit into the close.
On Tuesday we will get the GDP and Consumer Confidence
numbers before the open, then the FHFA Home Price Index 30
minutes into the day, and finally the Fed Minutes at 2 pm
eastern time. While the Dow was able to post new yearly
highs both intraday and on the close, at the moment we have
a double top on the SP500 cash and futures. The bounces are
probably not going to stick, as buyers back off near new
high territory and longs quickly try to lock in a profit.
Even though the SP500 closed up almost 15 points on Monday,
the short side was the better side to trade after the early
action was done. That should be the case again on Tuesday.
Look for an early reaction to the economic data to set up a
reversal trade in the early going. If the market opens
lower, the ES will need to reverse from the 1101.25-1100.50
zone, otherwise the market could repeat last week's action
by heading lower for a few days. If the 1111.50-1112.25 area
is tested again, it should be reversed quickly if that is
going to be a top. If the market blows through that area
without trouble, then a squeeze towards the 1117.50-1118.00
area on the ES could be in the cards before the move is
reversed. If that occurs, then a pullback would need to hold
at the 1112.00-1111.50 area and turn back up to avoid
trouble. If the market happens to trade like that, and then
breaks down through that 1112.00-1111.50 area, then a bigger
reversal is occurring and a drop could be a very fast one in
thin conditions.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1105.50-1106.00
1108.75-1109.25
1111.50-1112.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1101.25-1100.50
1098.25-1097.75
1095.25
1093.00-1092.50
1088.50-1088.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1792.50-1793.00
1796.75-1797.50
1801.75-1803.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1785.75-1785.25
1780.50-1779.75
1774.00
1769.75-1768.75
1760.50-1759.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10438-10441
10477-10480
10498-10502
December 2009 Dow futures support
symbols: emini = ymz9
10402-10397
10380-10377
10352
10336-10331
10286-10283
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 23 / 2009
(Published Since 1996)
...............................................
Dateline: 6:14 pm eastern time, 11/23/2009
The ES gapped up 12+ points on Monday and kept on going
higher for about 40 minutes. The ES tested the 1112.25 high
from last Monday, but fell just shy at 1111.50 before the
move fizzled out. From there, the market went into trend
down mode into late afternoon. The bounces all failed at, or
just under, the 1105.75 resistance level, and the low was
made with about 25 minutes left in stock trading. The ES
reached 1101.25 and then bounced back to 1105.00 and backed
off a bit into the close.
On Tuesday we will get the GDP and Consumer Confidence
numbers before the open, then the FHFA Home Price Index 30
minutes into the day, and finally the Fed Minutes at 2 pm
eastern time. While the Dow was able to post new yearly
highs both intraday and on the close, at the moment we have
a double top on the SP500 cash and futures. The bounces are
probably not going to stick, as buyers back off near new
high territory and longs quickly try to lock in a profit.
Even though the SP500 closed up almost 15 points on Monday,
the short side was the better side to trade after the early
action was done. That should be the case again on Tuesday.
Look for an early reaction to the economic data to set up a
reversal trade in the early going. If the market opens
lower, the ES will need to reverse from the 1101.25-1100.50
zone, otherwise the market could repeat last week's action
by heading lower for a few days. If the 1111.50-1112.25 area
is tested again, it should be reversed quickly if that is
going to be a top. If the market blows through that area
without trouble, then a squeeze towards the 1117.50-1118.00
area on the ES could be in the cards before the move is
reversed. If that occurs, then a pullback would need to hold
at the 1112.00-1111.50 area and turn back up to avoid
trouble. If the market happens to trade like that, and then
breaks down through that 1112.00-1111.50 area, then a bigger
reversal is occurring and a drop could be a very fast one in
thin conditions.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1105.50-1106.00
1108.75-1109.25
1111.50-1112.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1101.25-1100.50
1098.25-1097.75
1095.25
1093.00-1092.50
1088.50-1088.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1792.50-1793.00
1796.75-1797.50
1801.75-1803.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1785.75-1785.25
1780.50-1779.75
1774.00
1769.75-1768.75
1760.50-1759.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10438-10441
10477-10480
10498-10502
December 2009 Dow futures support
symbols: emini = ymz9
10402-10397
10380-10377
10352
10336-10331
10286-10283
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 11/23/09
HOW OUR DAY WENT:
The ES gapped up over 12 points on
Monday's open and it rallied to 1111.50 in just 40
minutes of trading. That bigger picture double top was
reversed, and we were shorting the rest of the day as the
move was "trend-down" into the last 30 minutes of stock
trading. The last good short came when the ES reversed
from 1105.50, just 1 tick under the updated resistance
at 1105.75, then it dropped 4.25 points to a new low for
the day at 1101.25 with 30 minutes left.
Good Trading,
Mike Reed
TradeStalker.com
The ES gapped up over 12 points on
Monday's open and it rallied to 1111.50 in just 40
minutes of trading. That bigger picture double top was
reversed, and we were shorting the rest of the day as the
move was "trend-down" into the last 30 minutes of stock
trading. The last good short came when the ES reversed
from 1105.50, just 1 tick under the updated resistance
at 1105.75, then it dropped 4.25 points to a new low for
the day at 1101.25 with 30 minutes left.
Good Trading,
Mike Reed
TradeStalker.com
Sunday, November 22, 2009
TradeStalker's RBI Update 11/22/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 22 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 11/22/2009
The market started last week by reaching new highs for the
year on Monday, and it was down hill from there. After
making a high at 1112.25 on Monday, the ES tested the
1100.75-1100.25 area on the pullbacks, and then broke that
range on Thursday's open. The bounces all failed on the way
to a 1085.25 low on Friday. The ES then rallied back to the
1092-1093 updated resistance zone, and then the ES 3.50
points from 1092.75 to 1089.25 just before the close.
On Friday the market was able to hold together and rally
back to a pretty good resistance area. Although a few
internal gauges are close to getting oversold, the market
still isn't acting very well. The ES *did* get over the 1088
intraday resistance, and then held it on the pullback when
the ES dropped from 1090.75 to 1088.25. The run up to the
1092.75 resistance area started there, so that should be
pivotal early on Monday. If it's broken, then we could have
a down day that doesn't give a nice bounce that has been
expected lately.
In addition, the 1092-1093 zone was rejected, and a test of
that area on Monday morning will likely be sold. How the
market acts at the 1092.25-1092.75 area on an early pop
should be telling, and it should set up a very good short if
the move reverses early. If that area is exceeded, there
shouldn't be too much more on the upside. A move back to the
1100.25-1100.75 will be a shorting opportunity if the market
gets that far, and that area is rejected. A pullback will
need to hold the 1088.50-1088.00 area on the ES, or quickly
reverse if that is broken. f that area is not defended by
the late buyers on Friday, then we could have a sharp drop
to 1083.00-1082.50 or lower before any kind of reversal
attempt.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1092.25-1092.75
1095.00-1095.50
1100.25-1100.75
1105.00-1105.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1088.50-1088.00 *pivotal
1085.25
1083.00-1082.50
1078.00-1077.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1767.50-1768.00
1775.00-1775.50
1780.00-1781.25
1788.75-1790.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1760.50-1759.75 *pivotal
1756.75
1754.00-1753.50
1748.25-1747.50
December 2009 Dow futures resistance
symbols: emini = ymz9
10328-10331
10352-10358
10406-10410
10438-10441
December 2009 Dow futures support
symbols: emini = ymz9
10286-10283 *pivotal
10253
10232-10229
10191-10187
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 22 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 11/22/2009
The market started last week by reaching new highs for the
year on Monday, and it was down hill from there. After
making a high at 1112.25 on Monday, the ES tested the
1100.75-1100.25 area on the pullbacks, and then broke that
range on Thursday's open. The bounces all failed on the way
to a 1085.25 low on Friday. The ES then rallied back to the
1092-1093 updated resistance zone, and then the ES 3.50
points from 1092.75 to 1089.25 just before the close.
On Friday the market was able to hold together and rally
back to a pretty good resistance area. Although a few
internal gauges are close to getting oversold, the market
still isn't acting very well. The ES *did* get over the 1088
intraday resistance, and then held it on the pullback when
the ES dropped from 1090.75 to 1088.25. The run up to the
1092.75 resistance area started there, so that should be
pivotal early on Monday. If it's broken, then we could have
a down day that doesn't give a nice bounce that has been
expected lately.
In addition, the 1092-1093 zone was rejected, and a test of
that area on Monday morning will likely be sold. How the
market acts at the 1092.25-1092.75 area on an early pop
should be telling, and it should set up a very good short if
the move reverses early. If that area is exceeded, there
shouldn't be too much more on the upside. A move back to the
1100.25-1100.75 will be a shorting opportunity if the market
gets that far, and that area is rejected. A pullback will
need to hold the 1088.50-1088.00 area on the ES, or quickly
reverse if that is broken. f that area is not defended by
the late buyers on Friday, then we could have a sharp drop
to 1083.00-1082.50 or lower before any kind of reversal
attempt.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1092.25-1092.75
1095.00-1095.50
1100.25-1100.75
1105.00-1105.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1088.50-1088.00 *pivotal
1085.25
1083.00-1082.50
1078.00-1077.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1767.50-1768.00
1775.00-1775.50
1780.00-1781.25
1788.75-1790.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1760.50-1759.75 *pivotal
1756.75
1754.00-1753.50
1748.25-1747.50
December 2009 Dow futures resistance
symbols: emini = ymz9
10328-10331
10352-10358
10406-10410
10438-10441
December 2009 Dow futures support
symbols: emini = ymz9
10286-10283 *pivotal
10253
10232-10229
10191-10187
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 11/20/09
HOW OUR DAY WENT:
Last night's update was bearish for
Friday and the ES opened down almost 7 points and just
over the 1086.75-1086.25 support. Two bounces from that
area didn't go too far, and we were shorting against the
1088 level. That gave us a couple of scalps on the short
side. After getting over 1088, the pullback held the
1088.25 support. I stated in an intraday update "As long
as 1088.25 holds, the market keeps its bounce" and the
ES rallied to 1092.75. Members were told that would top
the move off, and the ES dropped 3.50 points into the
close.
Good Trading,
Mike Reed
TradeStalker.com
Last night's update was bearish for
Friday and the ES opened down almost 7 points and just
over the 1086.75-1086.25 support. Two bounces from that
area didn't go too far, and we were shorting against the
1088 level. That gave us a couple of scalps on the short
side. After getting over 1088, the pullback held the
1088.25 support. I stated in an intraday update "As long
as 1088.25 holds, the market keeps its bounce" and the
ES rallied to 1092.75. Members were told that would top
the move off, and the ES dropped 3.50 points into the
close.
Good Trading,
Mike Reed
TradeStalker.com
Thursday, November 19, 2009
TradeStalker's RBI Update 11/19/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 19 / 2009
(Published Since 1996)
...............................................
Dateline: 6:02 pm eastern time, 11/19/2009
The ES broke the key 1101.25-1100.75 zone on the open on
Thursday and that caused a rush to get out and the ES
dropped to 1086.50, right in the 1086.75-1086.25 support
zone, then turned back up. The updated resistance at
1091.50-1093.00 gave us a couple of nice shorts. The first
was a 4 point drop from 1092.00 to 1088.00, and the next was
3.50 points from 1091.75 to 1088.25. A third reversal from
1093.25 had 3 points of opportunity as the ES dropped to
1090.25 before finally breaking out over that resistance.
The run-up took the ES to 1095.25 and then the futures
dropped into their close.
The market broke down from its high level trading range, and
the result was a sharp selloff on Thursday. With the futures
under pressure before the open on Thursday, the talking
heads on CNBC were unanimously bullish and that was a first
in many months for that. It looks like the upside is very
limited in my work, and now odds of bigger trouble goes up.
The good news is that the market made a nice turn and a
pretty good rally from the 1086.75-1086.25 support zone.
That will need to hold on Friday, or the weekly chart will
not look good at all.
The market should continue to be a better short on the
bounces that stall out/ reverse. The internal gauges are
just coming off a very overbought short term status. The Vix
never did make a new low when the SP500 and Dow made new
highs this week. It turned up on Thursday, and that gave one
Vix sell signal. Since the ES broke that 1100.75-1100.25
zone, the market doesn't look good on a daily chart. There
is still a gap down between the 1074.00 and 1067.75 area,
but that's quite a bit lower than the market is now. If the
Thursday low area is not held, then a trip towards the
1083.00-1082.50 area could be in the cards. If the market
acts as it has for most of the year, a reversal from that
area would set up a decent bounce. If that doesn't happen,
then we could be on the way towards the 1074 area.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1095.00-1095.50
1100.25-1100.75
1105.00-1105.50
1108.50-1109.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1091.00-1090.50
1086.75-1086.25
1083.00-1082.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1775.00-1775.50
1780.00-1781.25
1788.75-1790.00
1793.75-1795.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1766.00-1765.50
1761.00-1759.50
1755.00-1754.50
December 2009 Dow futures resistance
symbols: emini = ymz9
10329-10333
10361-10365
10386-10389
10406-10410
December 2009 Dow futures support
symbols: emini = ymz9
10290-10286
10236-10233
10197-10193
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 19 / 2009
(Published Since 1996)
...............................................
Dateline: 6:02 pm eastern time, 11/19/2009
The ES broke the key 1101.25-1100.75 zone on the open on
Thursday and that caused a rush to get out and the ES
dropped to 1086.50, right in the 1086.75-1086.25 support
zone, then turned back up. The updated resistance at
1091.50-1093.00 gave us a couple of nice shorts. The first
was a 4 point drop from 1092.00 to 1088.00, and the next was
3.50 points from 1091.75 to 1088.25. A third reversal from
1093.25 had 3 points of opportunity as the ES dropped to
1090.25 before finally breaking out over that resistance.
The run-up took the ES to 1095.25 and then the futures
dropped into their close.
The market broke down from its high level trading range, and
the result was a sharp selloff on Thursday. With the futures
under pressure before the open on Thursday, the talking
heads on CNBC were unanimously bullish and that was a first
in many months for that. It looks like the upside is very
limited in my work, and now odds of bigger trouble goes up.
The good news is that the market made a nice turn and a
pretty good rally from the 1086.75-1086.25 support zone.
That will need to hold on Friday, or the weekly chart will
not look good at all.
The market should continue to be a better short on the
bounces that stall out/ reverse. The internal gauges are
just coming off a very overbought short term status. The Vix
never did make a new low when the SP500 and Dow made new
highs this week. It turned up on Thursday, and that gave one
Vix sell signal. Since the ES broke that 1100.75-1100.25
zone, the market doesn't look good on a daily chart. There
is still a gap down between the 1074.00 and 1067.75 area,
but that's quite a bit lower than the market is now. If the
Thursday low area is not held, then a trip towards the
1083.00-1082.50 area could be in the cards. If the market
acts as it has for most of the year, a reversal from that
area would set up a decent bounce. If that doesn't happen,
then we could be on the way towards the 1074 area.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1095.00-1095.50
1100.25-1100.75
1105.00-1105.50
1108.50-1109.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1091.00-1090.50
1086.75-1086.25
1083.00-1082.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1775.00-1775.50
1780.00-1781.25
1788.75-1790.00
1793.75-1795.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1766.00-1765.50
1761.00-1759.50
1755.00-1754.50
December 2009 Dow futures resistance
symbols: emini = ymz9
10329-10333
10361-10365
10386-10389
10406-10410
December 2009 Dow futures support
symbols: emini = ymz9
10290-10286
10236-10233
10197-10193
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 11/19/09
HOW OUR DAY WENT:
The ES broke the key 1101.25-1100.75
zone on the open on Thursday and that caused a rush to
get out and the ES dropped to 1086.50, right in the
1086.75-1086.25 support zone, then turned back up. The
updated resistance at 1091.50-1093.00 gave us a couple
of nice shorts. The first was a 4 point drop from 1092.00
to 1088.00, and the next was 3.50 points from 1091.75 to
1088.25. A third reversal from 1093.25 had 3 points of
opportunity as the ES dropped to 1090.25 before finally
breaking out over that resistance.
Good Trading,
Mike Reed
TradeStalker.com
The ES broke the key 1101.25-1100.75
zone on the open on Thursday and that caused a rush to
get out and the ES dropped to 1086.50, right in the
1086.75-1086.25 support zone, then turned back up. The
updated resistance at 1091.50-1093.00 gave us a couple
of nice shorts. The first was a 4 point drop from 1092.00
to 1088.00, and the next was 3.50 points from 1091.75 to
1088.25. A third reversal from 1093.25 had 3 points of
opportunity as the ES dropped to 1090.25 before finally
breaking out over that resistance.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 11/18/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 18 / 2009
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 11/18/2009
To start the day on Wednesday, our early game-plan was to
get short if there was early strength near the Tuesday high
on the ES. The ES popped up and then reversed from 2 ticks
over Tuesday's 1109.00 high, dropping 8.25 points from
1109.50 to 1100.75. The ES rallied to 1108.00, but as
stated, the 1104 level had to hold or the low would be
tested. After breaking that 1104 level, the ES went to
1101.25 for a test of the low. The bounce off of that level
reversed at the updated 1105.50-1106.00 resistance and
pulled back to 1103.00 with an hour left in trading. Buying
and shorts covering started and the market went back up to
test the morning highs by the close.
The trading range looks like it will continue for a while
longer. The ES has good, and important, support at the
1101.25-1100.25 area. As long as that is held, the market
will be in decent shape. If that area is broken, then the
market will undergo a deeper selloff. For now it looks like
the market will stay in a trading range unless that break-
down occurs. If the ES breaks out over the 1112.25-1112.75
area, and doesn't quickly reverse, then the ES could head
towards the 1117.75-1118.50 zone if there is a short term
melt-up move. However, if the 1112.25-1112.75 area or lower
is sold, then a decent pullback towards the 1106.00-1105.25
should occur. That area needs to hold to keep the trends up.
So look for early strength to set up another good shorting
opportunity. The first pullback then needs to hold the
1106.00-1105.25 to stay in bullish mode. If that isn't held,
and the 1101.25-1100.25 area is tested but not reversed,
then a drop to the 1097.50-1096.50 area would need to
quickly reverse to avoid a sizable selloff.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1109.00-1109.50
1112.25-1112.75
1117.75-1118.50
1120.50-1121.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1106.00-1105.25
1101.25-1100.25
1097.50-1096.50
1092.75-1092.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1801.50-1802.50
1806.75-1807.75
1815.75-1816.75
1821.50-1822.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1796.50-1796.00
1789.50-1788.75
1785.75-1785.00
1777.50-1775.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10406-10410
10432-10436
10496-10501
10519-10523
December 2009 Dow futures support
symbols: emini = ymz9
10380-10377
10342-10338
10283-10278
10235-10232
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 18 / 2009
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 11/18/2009
To start the day on Wednesday, our early game-plan was to
get short if there was early strength near the Tuesday high
on the ES. The ES popped up and then reversed from 2 ticks
over Tuesday's 1109.00 high, dropping 8.25 points from
1109.50 to 1100.75. The ES rallied to 1108.00, but as
stated, the 1104 level had to hold or the low would be
tested. After breaking that 1104 level, the ES went to
1101.25 for a test of the low. The bounce off of that level
reversed at the updated 1105.50-1106.00 resistance and
pulled back to 1103.00 with an hour left in trading. Buying
and shorts covering started and the market went back up to
test the morning highs by the close.
The trading range looks like it will continue for a while
longer. The ES has good, and important, support at the
1101.25-1100.25 area. As long as that is held, the market
will be in decent shape. If that area is broken, then the
market will undergo a deeper selloff. For now it looks like
the market will stay in a trading range unless that break-
down occurs. If the ES breaks out over the 1112.25-1112.75
area, and doesn't quickly reverse, then the ES could head
towards the 1117.75-1118.50 zone if there is a short term
melt-up move. However, if the 1112.25-1112.75 area or lower
is sold, then a decent pullback towards the 1106.00-1105.25
should occur. That area needs to hold to keep the trends up.
So look for early strength to set up another good shorting
opportunity. The first pullback then needs to hold the
1106.00-1105.25 to stay in bullish mode. If that isn't held,
and the 1101.25-1100.25 area is tested but not reversed,
then a drop to the 1097.50-1096.50 area would need to
quickly reverse to avoid a sizable selloff.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1109.00-1109.50
1112.25-1112.75
1117.75-1118.50
1120.50-1121.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1106.00-1105.25
1101.25-1100.25
1097.50-1096.50
1092.75-1092.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1801.50-1802.50
1806.75-1807.75
1815.75-1816.75
1821.50-1822.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1796.50-1796.00
1789.50-1788.75
1785.75-1785.00
1777.50-1775.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10406-10410
10432-10436
10496-10501
10519-10523
December 2009 Dow futures support
symbols: emini = ymz9
10380-10377
10342-10338
10283-10278
10235-10232
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 11/18/09
HOW OUR DAY WENT:
To start the day, our game-plan was to
get short if there was early strength near the Tuesday
high. The ES reversed from 2 ticks over Tuesday's 1109.00
high, dropping 8.75 points from 1109.50 to 1100.75. The
ES rallied to 1108.00, and members were told that 1104
had to hold the low would tested, and after breaking that
1104 the ES went to 1101.25 for a test of the low. The
bounce off of that level reversed at the updated 1105.50-
1106.00 resistance and pulled back to 1103.00 with an
hour left in trading.
Good Trading,
Mike Reed
TradeStalker.com
To start the day, our game-plan was to
get short if there was early strength near the Tuesday
high. The ES reversed from 2 ticks over Tuesday's 1109.00
high, dropping 8.75 points from 1109.50 to 1100.75. The
ES rallied to 1108.00, and members were told that 1104
had to hold the low would tested, and after breaking that
1104 the ES went to 1101.25 for a test of the low. The
bounce off of that level reversed at the updated 1105.50-
1106.00 resistance and pulled back to 1103.00 with an
hour left in trading.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 11/17/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 17 / 2009
(Published Since 1996)
...............................................
Dateline: 5:54 pm eastern time, 11/17/2009
The initial support area at 1103.50-1102.50 on the ES gave
us 2 quick trades on the long side this morning. There was a
bounce from 1102.50 to 1107.50, and then a bounce from
1103.00 to 1106.75 occurred before the ES washed out to
1100.25. Then the ES bounced and reversed from 1104.00
updated resistance then dropped to the 1100.00 early low.
After the market rallied back members were told to watch
1108.00-1108.50 for a turn, and the ES reversed from 1108.25
and dropped to 1104.00 before firming. Buying came in with
an hour left in the day and the market rallied to token
higher highs and then fizzled into the close.
The ES had just a 6.50 point range on Tuesday. The ES and NQ
both had inside days, staying within the Monday ranges. A
narrow range day, or better yet a series of narrow range
days at a high tends to lead to reversals. In addition, some
of the short term internal gauges are getting overbought.
The Nasdaq looks to be a bit more vulnerable than the ES at
the moment, and it will lead if the market heads lower.
On Wednesday we get the CPI and Housing Starts before the
open. The market will be a short if there is early strength
that reverses from near the Tuesday highs. If that plays
out, the first decent pullback must hold the 1103.00-1102.50
area on the ES. That was broken, and then quickly reversed,
on Tuesday and the ES would need to do the same on Wednesday
to avoid trouble. If that zone is not held on a drop, then
we could see the 1097.75-1096.75 area tested before a
reversal attempt occurs.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1108.50-1109.00
1112.25-1112.75
1117.75-1118.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1105.50
1103.00-1102.50
1097.75-1096.75
1092.75-1092.00
1086.75-1086.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1811.00-1811.75
1815.75-1816.75
1821.50-1822.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1801.50
1798.00-1797.00
1792.50-1791.50
1786.50-1785.75
1779.00-1778.50
December 2009 Dow futures resistance
symbols: emini = ymz9
10406-10410
10432-10436
10496-10501
December 2009 Dow futures support
symbols: emini = ymz9
10374
10336-10332
10283-10278
10235-10232
10197-10193
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 17 / 2009
(Published Since 1996)
...............................................
Dateline: 5:54 pm eastern time, 11/17/2009
The initial support area at 1103.50-1102.50 on the ES gave
us 2 quick trades on the long side this morning. There was a
bounce from 1102.50 to 1107.50, and then a bounce from
1103.00 to 1106.75 occurred before the ES washed out to
1100.25. Then the ES bounced and reversed from 1104.00
updated resistance then dropped to the 1100.00 early low.
After the market rallied back members were told to watch
1108.00-1108.50 for a turn, and the ES reversed from 1108.25
and dropped to 1104.00 before firming. Buying came in with
an hour left in the day and the market rallied to token
higher highs and then fizzled into the close.
The ES had just a 6.50 point range on Tuesday. The ES and NQ
both had inside days, staying within the Monday ranges. A
narrow range day, or better yet a series of narrow range
days at a high tends to lead to reversals. In addition, some
of the short term internal gauges are getting overbought.
The Nasdaq looks to be a bit more vulnerable than the ES at
the moment, and it will lead if the market heads lower.
On Wednesday we get the CPI and Housing Starts before the
open. The market will be a short if there is early strength
that reverses from near the Tuesday highs. If that plays
out, the first decent pullback must hold the 1103.00-1102.50
area on the ES. That was broken, and then quickly reversed,
on Tuesday and the ES would need to do the same on Wednesday
to avoid trouble. If that zone is not held on a drop, then
we could see the 1097.75-1096.75 area tested before a
reversal attempt occurs.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1108.50-1109.00
1112.25-1112.75
1117.75-1118.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1105.50
1103.00-1102.50
1097.75-1096.75
1092.75-1092.00
1086.75-1086.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1811.00-1811.75
1815.75-1816.75
1821.50-1822.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1801.50
1798.00-1797.00
1792.50-1791.50
1786.50-1785.75
1779.00-1778.50
December 2009 Dow futures resistance
symbols: emini = ymz9
10406-10410
10432-10436
10496-10501
December 2009 Dow futures support
symbols: emini = ymz9
10374
10336-10332
10283-10278
10235-10232
10197-10193
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 11/17/09
HOW OUR DAY WENT:
The initial support area on the ES at
1103.50-1102.50 gave us 2 quick trades on the long side
this morning. There was a bounce from 1102.50 to 1107.50,
and then a bounce from 1103.00 to 1106.75 occurred before
the ES washed out to 1100.25. Then the ES bounced and
reversed from 1104.00 updated resistance then dropped to
the 1100.00 early low. After the market rallied back
members were told to watch 1108.00-1108.50 for a turn,
and the ES reversed from 1108.25 and dropped to 1104.00
before firming and bouncing back.
Good Trading,
Mike Reed
TradeStalker.com
The initial support area on the ES at
1103.50-1102.50 gave us 2 quick trades on the long side
this morning. There was a bounce from 1102.50 to 1107.50,
and then a bounce from 1103.00 to 1106.75 occurred before
the ES washed out to 1100.25. Then the ES bounced and
reversed from 1104.00 updated resistance then dropped to
the 1100.00 early low. After the market rallied back
members were told to watch 1108.00-1108.50 for a turn,
and the ES reversed from 1108.25 and dropped to 1104.00
before firming and bouncing back.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 11/16/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 16 / 2009
(Published Since 1996)
...............................................
Dateline: 9:46 pm eastern time, 11/16/2009
The market gapped up on Monday, and like a week before, the
move continued to the upside in a trend up move. The
breakout of the trading range brought in buying as the ES
reached a new high for the year at 1111.00 by early
afternoon. That stalled out and a pullback stopped and
turned up from 1108.00 trend-up support, and the market
bounced back. We were on reversal alert from the 1112.50,
and the ES popped to 1112.25 and reversed at 2:48 pm. The
break of 1110.50 put the pressure on, and a steady drop to
1103.50 occurred before a bounce. That was a nice move even
if one waited for that break of 1110.50 for a trigger. After
stabilizing at 1103.50, the market bounced back into the
close.
The good news is that the market broke out of the trading
range that developed last week. The bad new is that the
market is still at a resistance zone, and the rally didn't
stick. The action felt toppy on Monday, with buyers backing
off until reaching the top of last week's range on the ES.
The fact that the market was able to hold at that area and
bounce is a plus. Now the initial support areas need to hold
to avoid a topping process.
We get the PPI and also the Industrial Production and
Capacity Utilization data before stocks open on Tuesday. If
there is early strength, it should set up a very good
shorting opportunity. If that plays out, the first decent
pullback needs to hold the 1103.50-1102.50 area on the ES,
otherwise it should go for the 1097.75-1096.75 area quickly
and then see if a reversal is in the cards. If there is a
good bounce instead early on Tuesday, then expect the move
to fail and set up a shorting opportunity, especially if the
Monday high areas are reached. If those highs are tested,
and the move loses steam or that area is rejected, it will
set up a good reward/risk opportunity on the short side.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1108.00-1108.50
1112.25-1112.75
1117.75-1118.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1103.50-1102.50
1097.75-1096.75
1092.75-1092.00
1086.75-1086.25
1083.00-1082.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1806.50-1807.25
1812.75-1813.75
1817.50-1818.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1800.75-1800.00
1792.50-1791.50
1786.50-1785.75
1779.00-1778.50
1773.00-1772.00
December 2009 Dow futures resistance
symbols: emini = ymz9
10380-10383
10402-10406
10454-10458
December 2009 Dow futures support
symbols: emini = ymz9
10336-10332
10283-10278
10235-10232
10197-10193
10161-10158
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 16 / 2009
(Published Since 1996)
...............................................
Dateline: 9:46 pm eastern time, 11/16/2009
The market gapped up on Monday, and like a week before, the
move continued to the upside in a trend up move. The
breakout of the trading range brought in buying as the ES
reached a new high for the year at 1111.00 by early
afternoon. That stalled out and a pullback stopped and
turned up from 1108.00 trend-up support, and the market
bounced back. We were on reversal alert from the 1112.50,
and the ES popped to 1112.25 and reversed at 2:48 pm. The
break of 1110.50 put the pressure on, and a steady drop to
1103.50 occurred before a bounce. That was a nice move even
if one waited for that break of 1110.50 for a trigger. After
stabilizing at 1103.50, the market bounced back into the
close.
The good news is that the market broke out of the trading
range that developed last week. The bad new is that the
market is still at a resistance zone, and the rally didn't
stick. The action felt toppy on Monday, with buyers backing
off until reaching the top of last week's range on the ES.
The fact that the market was able to hold at that area and
bounce is a plus. Now the initial support areas need to hold
to avoid a topping process.
We get the PPI and also the Industrial Production and
Capacity Utilization data before stocks open on Tuesday. If
there is early strength, it should set up a very good
shorting opportunity. If that plays out, the first decent
pullback needs to hold the 1103.50-1102.50 area on the ES,
otherwise it should go for the 1097.75-1096.75 area quickly
and then see if a reversal is in the cards. If there is a
good bounce instead early on Tuesday, then expect the move
to fail and set up a shorting opportunity, especially if the
Monday high areas are reached. If those highs are tested,
and the move loses steam or that area is rejected, it will
set up a good reward/risk opportunity on the short side.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1108.00-1108.50
1112.25-1112.75
1117.75-1118.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1103.50-1102.50
1097.75-1096.75
1092.75-1092.00
1086.75-1086.25
1083.00-1082.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1806.50-1807.25
1812.75-1813.75
1817.50-1818.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1800.75-1800.00
1792.50-1791.50
1786.50-1785.75
1779.00-1778.50
1773.00-1772.00
December 2009 Dow futures resistance
symbols: emini = ymz9
10380-10383
10402-10406
10454-10458
December 2009 Dow futures support
symbols: emini = ymz9
10336-10332
10283-10278
10235-10232
10197-10193
10161-10158
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's RBI Update 11/15/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 15 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 11/15/2009
The market opened higher on Friday and the ES reached
1089.75 as the Michigan Confidence survey was released, and
then the market dropped fast. The ES reached 1083.75, at the
1083.00-1082.00 support zone, and then quickly reversed. The
rally stopped at 1093.75, then pulled back to 1090.25 and
traded in that range for a bit. The ES then broke out over
1094 and kept going to a 1096.00 high. That 1094 level then
turned into a pivotal support level, and when it was broken
the ES reversed and rolled over. A steady drop to 1086.25
was reversed with an hour left in stock trading, and the ES
made it back to 1092.50 before backing off a bit before
settlement.
The market is now range bound, as the bounces are not
sticking but the sharp drops are reversed. It has been 2
sided trading with some really nice swings in both
directions. Of the 2 sides, the short side in the high
1090's has been the "easier" trade, and that will likely
continue. If something extraneous would occur to bring a
"flight to safety" into the dollar, the market should get
whacked. Options are fairly cheap with the Vix so low, so a
few Put options for "just in case" isn't a bad idea in my
opinion.
Most of the daily indicators are in a neutral position, but
the sentiment is still a bit too bullish. On Friday the
market avoided a possible collapse by putting together yet
another end of day rally. With the market getting hit in the
afternoon, that is trading range action. So, on Monday look
for early strength, or a failure to clear initial resistance
if there is no early strength, to set up a shorting
opportunity. As long as a pullback holds the late Friday
lows, no damage done and the trading range continues.
However, if the 1086.75-1086.25 area on the ES is not
defended and reversed just like the 1083.00-1082.50 area was
on Friday morning, then the market will have more trouble
and at least test that 1083.00-1082.50 zone. That is the key
support area short term, and a failure to hold that would
open the door for a drop to the 1074.50-1073.75 zone, or
possibly fall to fill the gap and reach the 1067.75-1067.00
area if the downside gathers steam.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1092.00-1092.50
1095.25-1096.00
1098.50-1099.00
1102.50-1104.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1086.75-1086.25
1083.00-1082.50
1080.00-1079.50
1074.50-1073.75
1067.75-1067.00 {gap from 6/6/09}
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1789.00-1789.50
1793.50-1794.00
1798.75-1799.50
1802.50-1804.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1779.00-1778.50
1773.00-1772.00
1768.50-1768.00
1763.00-1762.25
December 2009 Dow futures resistance
symbols: emini = ymz9
10244-10248
10267-10271
10296-10301
10327-10334
December 2009 Dow futures support
symbols: emini = ymz9
10197-10193
10161-10158
10136-10132
10082-10077
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 15 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 11/15/2009
The market opened higher on Friday and the ES reached
1089.75 as the Michigan Confidence survey was released, and
then the market dropped fast. The ES reached 1083.75, at the
1083.00-1082.00 support zone, and then quickly reversed. The
rally stopped at 1093.75, then pulled back to 1090.25 and
traded in that range for a bit. The ES then broke out over
1094 and kept going to a 1096.00 high. That 1094 level then
turned into a pivotal support level, and when it was broken
the ES reversed and rolled over. A steady drop to 1086.25
was reversed with an hour left in stock trading, and the ES
made it back to 1092.50 before backing off a bit before
settlement.
The market is now range bound, as the bounces are not
sticking but the sharp drops are reversed. It has been 2
sided trading with some really nice swings in both
directions. Of the 2 sides, the short side in the high
1090's has been the "easier" trade, and that will likely
continue. If something extraneous would occur to bring a
"flight to safety" into the dollar, the market should get
whacked. Options are fairly cheap with the Vix so low, so a
few Put options for "just in case" isn't a bad idea in my
opinion.
Most of the daily indicators are in a neutral position, but
the sentiment is still a bit too bullish. On Friday the
market avoided a possible collapse by putting together yet
another end of day rally. With the market getting hit in the
afternoon, that is trading range action. So, on Monday look
for early strength, or a failure to clear initial resistance
if there is no early strength, to set up a shorting
opportunity. As long as a pullback holds the late Friday
lows, no damage done and the trading range continues.
However, if the 1086.75-1086.25 area on the ES is not
defended and reversed just like the 1083.00-1082.50 area was
on Friday morning, then the market will have more trouble
and at least test that 1083.00-1082.50 zone. That is the key
support area short term, and a failure to hold that would
open the door for a drop to the 1074.50-1073.75 zone, or
possibly fall to fill the gap and reach the 1067.75-1067.00
area if the downside gathers steam.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1092.00-1092.50
1095.25-1096.00
1098.50-1099.00
1102.50-1104.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1086.75-1086.25
1083.00-1082.50
1080.00-1079.50
1074.50-1073.75
1067.75-1067.00 {gap from 6/6/09}
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1789.00-1789.50
1793.50-1794.00
1798.75-1799.50
1802.50-1804.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1779.00-1778.50
1773.00-1772.00
1768.50-1768.00
1763.00-1762.25
December 2009 Dow futures resistance
symbols: emini = ymz9
10244-10248
10267-10271
10296-10301
10327-10334
December 2009 Dow futures support
symbols: emini = ymz9
10197-10193
10161-10158
10136-10132
10082-10077
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
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