TradeStalker's RBI Update 12/16/09

.................................................

TradeStalker's

R.B.I. Trader's Update

12 / 16 / 2009

(Published Since 1996)

...............................................

Dateline: 6:26 pm eastern time, 12/16/2009

The market opened higher on Wednesday and the initial thrust
reversed from 1109.75, but a quick pullback held the 1108.00
low and then the ES pushed up to 1111.75 just before noon. A
pullback held at 1108.25 just before the Fed release, and
then after the release there was an up-down-up pattern per
usual. The ES bounced to 1109.25 after the initial pop-and-
drop, which was at updated resistance, and it stalled before
reversing and heading back down. The ES reached the 1103.00-
1102.50 support zone with 30 minutes left in stock trading,
and then the market firmed a bit into the close.

The market is still locked in a trading range. The
indicators are still neutral, however the Vix dropped over
4% on Wednesday and is close to its low for the last year
and a half. If it drops a bit more on Thursday, and then
reverses back up, that would give several sell signals. The
way the market continues to act - unable to hold gains while
churning near the highs for the year - is making the short
side the better side to trade at this time. Unless there is
a breakout over both the 1111.00-1112.00 area on the ES
*and* the 1807.75-1809.00 area on the NQ, and it isn't
quickly reversed, then the market will remain vulnerable and
could drop sharply if the ES cannot hold the 1096.00-
1094.75 zone on Thursday. If the bulls don't hold the market
there, and turn it back up quickly, then a trip to the 1088-
1087 area is likely, and a test of the 1081-1080 major
support at the bottom of the range would have a chance of
being tested.

On Thursday we get the Initial Claims before the open, and
then we get the Leading Indicators and Philly Fed releases
30 minutes into the day. If there is early strength, it
should set up a very good shorting opportunity, especially
if the 1107.25 area or just below is reached in the opening
15 minutes of trading. If that plays out, and the 1103.00-
1102.50 area is broken, then a top of some sort should be in
place for awhile. The 1100.50-1099.75 area would need to be
reversed, otherwise the market is in for a trip towards the
1096.00-1094.75 zone and potentially quite a bit more.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1107.25
1111.50-1112.00
1114.00-1115.00
1118.50-1119.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1103.00-1102.50
1100.50-1099.75
1096.00-1094.75
1088.00-1087.00


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1803.25
1807.75-1809.00
1812.50-1813.25
1818.00-1818.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1796.50-1796.00
1790.50-1789.50
1784.25-1782.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10399
10448-10452
10469-10473
10522-10528


March 2010 Dow futures support
symbols: emini = ymh0

10367-10364
10354-10350
10329-10324

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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: 12/16/09

HOW OUR DAY WENT:

The market was dull and narrowly traded
in front of the Fed release. There was an up-down-up type
of pattern after the release, and in an instant message
members were told:

(Dec 16-14:26) mike: a pop tp 1109.00-1100.50 tht [s]talls
is a short

The ES bounced off 1106.50 to 1109.25 and then stalled,
setting up a good short for the group. We locked in part
of the position at 1108.00, and then the target was at
1104.75 was met on the way to a 1103.00 low, right at the
1103.00-1102.50 support zone.

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 12/15/09

.................................................

TradeStalker's

R.B.I. Trader's Update

12 / 15 / 2009

(Published Since 1996)

...............................................

Dateline: 7:46 pm eastern time, 12/15/2009

The ES dropped to 1103.25 in the first 25 minutes of trading
on Tuesday and turned back up. That was at the second
support area at 1104.00-1103.50, and a rally to the 1109.50-
1110.25 resistance zone followed. The reversal there set up
a short, and the ES drifted down to 1104.00 support before
bouncing. However, the bounce couldn't clear the 1106.50-
1107.00 updated resistance area (1106.25 bounce high) and it
turned the ES back down. A drop of 6.00 points to 1100.25
followed, as the 1100.50-1099.75 zone was tested before a
bounce into the close.

On Tuesday the ES made its high at a good resistance zone,
and then in the last 15 minutes of stock trading it made a
low at a good support zone. The pullback put all of the
indicators back into neutral territory, backing out of short
term overbought levels with Tuesday's pullback. That should
make Tuesday's range important on the short term. If the low
areas from Tuesday are not held, then things could be
changing and a trip to the bottom of this range could then
be in the cards. If the highs from Tuesday are exceeded, and
not quickly reversed, then a breakout of the range on the
upside could occur.

We get the Fed decision on interest rate policy on Wednesday
at 2:15 pm. as long as the ES can hold the 1100.50-1099.75
area on an early pullback, then the market could rally into
the release. If there is a reversal from under the initial
resistance levels in the opening minutes of trading, then we
should see a quick, tradable, drop to test the Tuesday lows.
A reversal from near the 1100.50 level would then set up a
trade on the long side if it occurs in the first 40 minutes
of trading. If instead there is an early rally towards the
Tuesday high at the 1109.50-1110.25 area on the ES, and the
move stalls or is rejected, it should set up another
reversal.

Aside from that, if there is a trending move into the
release, the move is usually reversed around 2 pm or so.
After the Fed release, expect a quick back and forth move
(don't be surprised if it's bigger than a 6 point range as
we have been getting) and then after about 20 minutes a
trend should begin. That should make for a nice ride if the
timing is right. If there is a run up, beware of a reversal
when upside momentum fizzles. On a sharp drop, a reversal
back over the high of a low bar (2 or 5 minute chart) can
start a decent run up. If the market is not moving too fast,
I'll try to update in the Instant Messenger.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1106.00
1109.50-1110.25
1114.00-1115.00
1118.50-1119.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1103.00-1102.50
1100.50-1099.75
1096.00-1094.75
1088.00-1087.00


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1802.50
1807.75-1808.50
1812.50-1813.25
1822.00-1823.00


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1794.50-1794.00
1790.50-1789.50
1784.25-1782.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10416
10435-10438
10469-10473
10522-10528


March 2010 Dow futures support
symbols: emini = ymh0

10386-10381
10369-10365
10354-10350

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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: 12/15/09

HOW OUR DAY WENT:

The ES dropped to 1103.25 in the first
25 minutes and turned back up. The second support area was
at 1104.00-1103.50 for Tuesday, and a rally to the 1109.50-
1110.25 resistance zone followed. The reversal there set up
a short and the ES drifted down to 1104.00 support before
bouncing. Then the 1106.50-1107.00 updated resistance
turned the market back down, with the ES dropping from
1106.25 to 1100.25 -- a new low for the day per last
night's bearish bias -- and right at the 1100.50-1099.75
key support zone.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 12/14/09

.................................................

TradeStalker's

R.B.I. Trader's Update

12 / 14 / 2009

(Published Since 1996)

...............................................

Dateline: 6:26 pm eastern time, 12/14/2009

A gap up open was sold at the 1108.50-1109.00 resistance
zone on Monday, and after locking in partial profits at
1105.50 I sent an instant message saying:

(Dec 14-10:05) Mike: 1104.00 a better support,
symmetry there

That was our 2nd target, and the ES reached 1104.00 exactly
before bouncing back. With that for a first hour low the
market crept higher into early afternoon. The ES reversed
from 1110.25, then broke the channel that had formed. A
bounce then to 1108.75 was reversed and a drop to 1106.50
was turned back up. The market spent the rest of the day
churning and ended the day about in the middle of the tiny
daily ranges.

We get the PPI before the open on Tuesday. The SP500 cash
made a new high close for the move, so there must be instant
follow through buying if the market is going to break out of
this range on the upside. A break and hold over the 1109.50-
1110.25 area on the ES is needed for that to occur. However,
the market has reached a short term overbought status, and
any kind of breakout / break down is probably on hold until
Wednesday's Fed release.

On Tuesday look for early strength to be sold, unless the
initial resistance areas are exceeded and not quickly
reversed. If that plays out for a trade on the short side,
and then there is a decent pullback, then that should set up
a buying opportunity if the ES tests the 1104.00-1103.50
area and then turns back up. If that area is not held, or
quickly reversed, then the 1100.50-1099.75 area is key
support on Tuesday. If tested, the move needs to quickly
reverse to avoid potential trouble and maybe another trip to
the bottom of this range.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1109.50-1110.25
1114.00-1115.00
1118.50-1119.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1106.50-1106.00
1104.00-1103.50
1100.50-1099.75
1096.00-1094.75


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1808.50-1809.00
1815.50-1816.25
1822.00-1823.00


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1802.00-1800.75
1798.50-1797.25
1793.50-1792.50
1787.00-1786.00


March 2010 Dow futures resistance
symbols: emini = ymh0

10451-10456
10512-10518
10547-10552


March 2010 Dow futures support
symbols: emini = ymh0

10424-10421
10412-10410
10397-10394
10354-10350

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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: 12/14/09

HOW OUR DAY WENT:

A gap up open was sold at the 1108.50-
1109.00 resistance zone on Monday, and after locking in
partial profits at 1105.50 I told members:

(Dec 14-10:05) mike: 1104.00 a better support, symmetry
there

That was our 2nd target, and the ES reached 1104.00 exactly
before bouncing back.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 12/13/09

.................................................

TradeStalker's

R.B.I. Trader's Update

12 / 13 / 2009

(Published Since 1996)

...............................................

Dateline: 5:26 pm eastern time, 12/13/2009

The ES popped up to our 1102.50-1103.00 resistance zone on
the open on Friday, and then dropped 4+ points from 1102.75
to 1098.50 in front of the Michigan Sentiment release. Then
a rising wedge pattern formed, as the ES made a double top
at 1104.00. That set up a shorting opportunity, and the
breakdown (which was led by a very weak Nasdaq) took the
market to new lows for the day. The ES bottomed at 1096.25
while the NQ fell to 1782.50, and then the market moved
higher. The ES broke, and held, the 1100.00 support and
there was another push higher in the last hour. However the
ES reversed from 1093.50 while the NQ rejected the 1794
resistance, then a quick pullback occurred. The move was
reversed from 1 tick under 1100 and the futures rallied into
the close.

The market is still in a trading range, and it is 23 days
old at Friday's close. The Thursday range on the ES was just
6.75 points and Friday's range was just 7.75 points. In the
last 3 years, ranges that narrow are rare. There was a 6.75
point range on 9/09/09, but aside from that Thursday's range
was the narrowest range since a 7.00 point range on 5/30/08,
and a 7.00 point range on 10/08/07. Also, the Bollinger
bands on the daily chart are very tight. The bands are at
1091.28 on the bottom and 1112.50 on the top using the 20
day average close. That is extremely compressed, and a break
out of this range should have some follow through.

We have a Fed decision on interest rate policy on Wednesday
of this week. The market ended the day on Friday by staying
over the 1100 level on the ES, and as long as the initial
support is held the market will be in uptrends. Just beware
of yet another reversal possibility from either the 1103.50-
1104.00 area right from the get-go on Monday. Until this
range breaks, short near the top side and buy near the
bottom side. If that initial resistance is exceeded and not
quickly reversed, then the big resistance is up near the
1114.00-1115.00 area on the ES. If the market has a good day
on the upside, that should be hard to get through and hold
the first time. That is the top of the current range, and
near the 50% retracement on the SP500 cash at 1121. If the
1110 level breaks, and the Friday low isn't quickly
reversed, then we could see a bit of a snowball effect as
the market goes towards the bottom of this range.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1103.50-1104.00
1108.50-1109.00
1114.00-1115.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1100.50-1099.75
1096.00-1094.75
1092.00-1091.25
1088.50-1087.50
1080.50-1079.50 - bottom of current range


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1793.00-1794.00
1801.50-1802.25
1811.50-1813.75


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1787.00-1786.00
1782.50-1782.00
1777.00-1776.50
1772.50-1771.00


March 2010 Dow futures resistance
symbols: emini = ymh0

10425-10429
10445-10449
10512-10518


March 2010 Dow futures support
symbols: emini = ymh0

10397-10394
10354-10350
10310-10306
10277-10273

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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: 12/11/09

HOW OUR DAY WENT:

The ES popped up to our 1102.50-1103.00
resistance zone on the open, and then dropped 4+ points
from 1102.75 to 1098.50 in front of the Michigan Sentiment
release. Then a rising wedge pattern formed as the ES made
a double top at 1104.00. That set up a short for us. I was
able to record "the second chance entry" when a rising wedge
pattern is broken. To see what was done, go here:

http://www.tradestalker.com/rising

The ES fell to 1096.25 before bouncing back. The break/
hold over the 1100 level opened the door for a rally to
the 1102.50-1103.00 area on the ES along with the 1794
level we had for resistance on the NQ. The market quickly
reversed there and fell fast shortly before the close.

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 12/10/09

.................................................

TradeStalker's

R.B.I. Trader's Update

12 / 10 / 2009

(Published Since 1996)

...............................................

Dateline: 6:46 pm eastern time, 12/10/2009

We had a big gap up open on a rollover day. Since we
couldn't buy an early pullback, we traded from the short
side when the upside fizzled early, and caught a couple of
decent swings from the 1100.00-1100.50 resistance zone. The
last one occurred with about 90 minutes left, as the 1100.50
level was rejected and the ES dropped to a new low for the
day at 1094.75. Buying/ short covering came in and the
market bounced back into the close.

We get the Retail Sales number before the open on Friday.
The market is STILL in the same range, and closed about in
the middle of it on Thursday. The daily indicators are all
in neutral territory also, even after making good on the Vix
buy signal given at Wednesday's close.

On Thursday the market had all kinds of trouble pushing
through the 1100 area and holding. But on the other side of
the coin, the market did double bottom in the last hour. If
the 1100.00-1100.50 area is exceeded, and there isn't a
quick reversal like we saw on Thursday, then the market
could put together a rally towards the 1106.00-1106.50 area,
at the most it appears. For now, the market is still range
bound. Shorts can be taken unless/until that 1100 level is
exceeded and held on a pullback. On the downside, if the
Thursday lows hold then the market is still okay. However,
if they are broken we should see follow through selling to
at least the 1092.00-1091.50 area, and maybe get hit pretty
hard.


March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1100.00-1100.50
1102.50-1103.00
1106.00-1106.50


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1095.25-1094.75
1092.00-1091.50
1086.50-1086.00


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1803.00-1803.50
1806.75-1808.00
1812.50-1814.00


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1795.00-1794.00
1791.00-1790.50
1783.50-1782.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10364-10368
10384-10388
10427-10431


March 2010 Dow futures support
symbols: emini = ymh0

10324-10318
10282-10277
10238-10234

Subscription SALE: CLICK HERE to save 25% (offer expires
Tuesday - December 15th)

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: 12/10/09

HOW OUR DAY WENT:

We had a big gap up open on a rollover
day. Since we couldn't buy an early pullback, we traded
from the short side and caught a couple of good swings
from the 1100.00-1100.50 resistance zone.

CLICK HERE to read our Intraday Instant Messenger Log.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 12/09/09

.................................................

TradeStalker's

R.B.I. Trader's Update

12 / 9 / 2009

(Published Since 1996)

...............................................

Dateline: 6:37 pm eastern time, 12/9/2009

The early game-plan worked perfectly to start Wednesday.
Last night I wrote:

"On Wednesday look for a shorting opportunity if
there is early strength and the move reverses from
near the initial resistance areas.

The ES popped to the 1092.50-1093.00 initial resistance and
reversed about 3 minutes into the trading day. From 1092.75,
the ES fell 7.75 points to 1085.00 in the first 20 minutes.
That was the low for the day, and after locking in profits
we had a couple more good shorting opportunities before the
afternoon breakout over the 1090.50-1091.50 zone. That move
continued higher until reaching the 1097.00-1097.50 area
before backing off near the close.

Short and sweet tonight due to time constraints. The futures
roll over to March of 2010 on Thursday, and the ES will be
trading about 5 points under the December 2009 contract.
Give the support and resistance a bit of leeway for a day or
so.

The indicators are nearly all neutral, expect the Vix gave 1
of 5 possible buy signals on Wednesday. The market held on
to its gains for a change and reversed to close up after
being under water most of the day. As long as the initial
support areas are held on a pullback, the move could extend
towards the 1095.00-1095.50 area on the MARCH futures, and
around the 1100.00-1100.50 area on the December contract.

On Thursday look for early weakness to set up a buying
opportunity, then the first decent rally should be reversed
near one of the resistance zones. If that plays out, it
should then set up a good trade on the short side. The
market will be in uptrends unless the initial support areas
are broken.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1092.00-1092.50
1095.00-1095.50
1102.50-1103.25


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1089.00-1088.50
1086.00-1085.00
1083.00-1082.00
1078.00-1077.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1794.00-1794.50
1797.75-1798.50
1812.50-1814.00


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1776.75-1775.50
1768.00-1767.00
1757.50-1756.75
1750.25-1748.50

Want to SAVE 25% on a subscription to our service?
Offer good only until December 15th:
CLICK HERE FOR MORE INFORMATION

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: 12/09/09

HOW OUR DAY WENT:

The early game-plan worked perfectly to
start Wednesday. Last night members were told:

"On Wednesday look for a shorting opportunity if there is
early strength and the move reverses from near the initial
resistance areas."

The ES popped to the 1092.50-1093.00 initial resistance
and reversed about 3 minutes in to the trading day. From
1092.75, the ES fell 7.75 points to 1085.00 in the first
20 minutes. That was a good start for the day, and after
locking in profits we had a couple more good shorting
opportunities before the afternoon breakout over 1090.50-
1091.50 zone. That move reached the 1097.00-1097.50 next
resistance and backed off before the close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 12/08/09

.................................................

TradeStalker's

R.B.I. Trader's Update

12 / 8 / 2009

(Published Since 1996)

...............................................

Dateline: 6:19 pm eastern time, 12/8/2009

The market gapped down on the open and the fell for 15
minutes before reversing. The last listed support areas for
Tuesday were at 1088.25-1087.50 on the ES, 10244-10240 on
the YM, and 1759.00-1757.75 on the NQ. The early lows were
at 1087.75 on the ES, 10240 on the YM and 1760.00 on the NQ
and the market bounced back. The ES rallied to 1097.50
before noon, and shortly thereafter I sent an update saying:

"The ES reached 1097.50 before reversing. That might be
it for the bounce if the 1094.60-1094.00 area is
broken."

That turned out to be the high for the day, and after
breaking 1094 the market went into a choppy trend down move
to 1088.75 by 3 pm. A bounce to 1092.75 followed, but the
move couldn't stick and the futures sold off into the close.

The market has been unable to hold its gains, and is very
close to rolling over on the daily close chart. If there is
follow through weakness on Wednesday, it could pick up steam
if the 1088.00-1087.50 area is broken and not quickly
reversed. In order to turn the trends, the market needs to
get over the initial resistance areas, and then instead of
reversing and dropping, that area then needs to hold on a
pullback.

Unless that occurs, the bounces will continue to offer good
shorting opportunities. If the market breaks out of this
trading range to the downside, then we could see another
scary selloff that takes the ES towards the 1078.00-1077.50
area from November 27th. IF that is reached on Wednesday,
then expect a good rebound if that are is tested and then
reversed.

On Wednesday look for a shorting opportunity if there is
early strength and the move reverses from near the initial
resistance areas. If the market obliges, and then sells off,
beware that a break of the 1088 level on the ES that isn't
quickly reversed would open the door for a drop towards the
1083-1082 area, and possibly the 1078.00-1077.50 area before
a decent bounce occurs.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1092.50-1093.00
1097.00-1097.50
1100.00-1100.50
1107.50-1108.25

December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1088.00-1087.50
1083.00-1082.00
1078.00-1077.50

December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1776.00-1776.50
1782.00-1782.50
1786.50-1787.50
1793.50-1794.00

December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1766.50-1766.00
1759.50-1758.00
1752.25-1750.50

December 2009 Dow futures resistance
symbols: emini = ymz9

10285-10288
10320-10323
10348-10352
10430-10433

December 2009 Dow futures support
symbols: emini = ymz9

10243-10239
10197-10193
10149-10145

Want to SAVE 25% on a subscription to our service?
Offer good only until December 15th:
CLICK HERE FOR MORE INFORMATION

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

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)

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: 12/08/09

HOW OUR DAY WENT:

The market gapped down on the open and
the fell for 15 minutes before reversing. The last listed
support areas for Tuesday were at at 1088.25-1087.50 on
the ES, 10244-10240 on the YM, and 1759.00-1757.75 on the
NQ. The early lows were at 1087.75 on the ES, 10240 on the
YM and 1760.00 on the NQ. The ES rallied to 1097.50 before
noon, and shortly thereafter members were told:

"The ES reached 1097.50 before reversing. That might be it
for the bounce if the 1094.60-1094.00 area is broken."

After breaking 1094 we were looking for a test of the low
and the ES went choppy trend down to 1088.75 by 3pm.

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 12/07/09

.................................................

TradeStalker's

R.B.I. Trader's Update

12 / 7 / 2009

(Published Since 1996)

...............................................


Dateline: 7:19 pm eastern time, 12/7/2009


The market opened higher on Monday and continued to be
strong until about 20-30 minutes into the day. The move
fizzled out after reaching 1110.25, then pulled back to
1105.50 where the market found decent buying come in. The
bounce back to test the 1110 level on the ES and 1794 level
on the NQ didn't stick, as those levels were quickly
rejected, and with the upside losing momentum the market
started to roll over. The move picked up steam and the
averages all fell to new lows for the day. The 1100.00 level
on the ES held and the market was able to bounce back into
the close.

The market continues to have trouble holding on to its
gains, but the market has also been able to come right back
after selling off. This trading range has gone on for quite
some time now, and the volatility bands on the daily close-
only chart are tighter than they have been in over a year.
As stated in the Sunday night update, this kind of
compression is usually followed by a nice sized directional
move. A close over 1111 or under 1091 on the SP500 cash is
needed to break the current range.

On Monday the futures settled over fair value one again,
factoring in a higher open for stocks. We had inside days
for the futures on Monday, so beware that a move out of the
Monday ranges will have good odds or reversing. For now,
look for the bounces that stall/reverse to set up shorting
opportunities, and then for a test of the Monday lows to
potentially set up a double bottom. If the 1100 level on the
ES is broken, and not quickly reversed, then it must stay
over the 1095.50-1095.00 double bottom area from last Friday
to avoid a trip back towards the high 1080's again. On the
upside, if the market can get back over the initial
resistance and not reverse, then we could revisit the
1112.25-1113.00 area where the market should either reverse
once again, or find more buying come back in and possibly
run the ES back towards the 1119.50-1121.00 area before the
market finds the upside difficult.

** Each evening we are going to try to upload the instant
messenger log for that day. You can go here to read the log:
http://www.tradestalker.com/log.htm **


December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1105.75-1106.75
1109.50-1110.25
1112.25-1113.00
1115.50-1115.75
1119.50-1121.00


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1100.50-1100.00
1098.75-1098.25
1095.50-1095.00
1088.25-1087.50


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1787.50-1788.50
1793.50-1794.00
1798.00-1798.50
1802.00-1803.50
1807.75-1808.50


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1779.75-1779.00
1774.00-1772.75
1768.75-1768.00
1759.00-1757.75

December 2009 Dow futures resistance
symbols: emini = ymz9

10409-10413
10433-10436
10452-10456
10490-10494
10521-10529

December 2009 Dow futures support
symbols: emini = ymz9

10352-10348
10334-10331
10302-10297
10244-10240

Want to SAVE 25% on a subscription to our service?
Offer good only until December 15th:
CLICK HERE FOR MORE INFORMATION

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: 12/07/09

HOW OUR DAY WENT:

We got early strength to short on
Monday, but on a test of the early high - per intraday
update and instant message - was a short and the ES dropped
from 1109.50 to the 1105.00-1104.50 updated support area. A
bounce back to 1110.25 on the ES and 1794 on the NQ gave us
re-entries on the short side, and then pulled back 10 ES and
15 NQ points by 2:45 pm.

Want to SAVE 25% on a subscription to our service?
Offer good only until December 15th:
CLICK HERE FOR MORE INFORMATION

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 12/06/09

.................................................

TradeStalker's

R.B.I. Trader's Update

12 / 6 / 2009

(Published Since 1996)

...............................................

Dateline: 5:26 pm eastern time, 12/6/2009

The ES opened up more than 15 points on the Employment data
on Friday and kept going for about 20 minutes and then the
move stalled out. After a pullback from the 1119.00 yearly
high, the ES had trouble getting going again and unable to
clear 1116 resistance, the ES turned back down and sold off
to take out the Thursday lows before noon. Off of a 1095.25
low, the ES bounced back to 1105.75 where there was new
resistance, and the market rolled over again. The market
dropped down to test the morning lows, and the test was
passed as the market turned right back up, making a double
bottom in the process. The first bounce off of the double
bottom reversed at the 1102.00 level, but then after a small
dip the market turned back up and rallied into the close.

The futures had back to back outside days, as the volatility
is certainly picking up lately. Nonetheless, the SP500 is
still stuck in a trading range between 1111 and 1091 on a
closing basis. The ES settled about 3 points above fair
value on Friday, so there is follow through buying factored
in to Monday's open. Most of the short term gauges are in
neutral condition, and until the market gets out of this
trading range and sticks, a run up to the 1119-1121 area
will be a shorting opportunity, and a drop that holds around
the 1095 area should set up a trade on the long side. That
double bottom on Friday now is a key support area for all
three of the averages, and must be defended to avoid a drop
back towards the high 1080's on the ES on this leg down.

On Monday look for early strength to be sold, and then the
first decent pullback should set up a buying opportunity if
the market can hold the Friday lows, or quickly reverse if
they are broken. It will be a red flag if the initial
support is broken early in the day, and unless the market
quickly turns up from there, then we will likely see
Friday's lows tested again. Lately the market has gotten
hit, but continues to get back up and rally again. If we get
another day where the market gets hit, and it doesn't come
rallying right back, then things will be changing bigger
picture.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1108.00-1108.50
1112.25-1113.00
1115.50-1115.75
1119.50-1121.00


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1102.50-1102.00
1098.75-1098.25
1095.50-1095.00
1088.25-1087.50


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1795.50-1796.50
1802.00-1803.50
1807.75-1808.50
1816.25-1818.00


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1789.75-1789.25
1783.50-1783.00
1774.00-1772.75
1765.00-1763.75


December 2009 Dow futures resistance
symbols: emini = ymz9

14000-10403
10452-10456
10490-10494
10511-10519


December 2009 Dow futures support
symbols: emini = ymz9

10362-10358
10337-10334
10302-10297
10234-10230

Want to SAVE 25% on a subscription to our service?
CLICK HERE TO SAVE!

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: 12/04/09

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)

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.
*************************************************

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)

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.
*************************************************

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

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.
*************************************************

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

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.
*************************************************

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

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.
*************************************************

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 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.
*************************************************

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)

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

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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.
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