TradeStalker's RBI Update 01/28/09

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

TradeStalker's

R.B.I. Trader's Update

1 / 28 / 2009

(Published Since 1996)

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

Dateline: 6:48 pm eastern time, 1/28/2009

The ES gapped up on the open and the early strength was
sold. The ES pulled back from 863.00 to 856.50 and then
bounced back. The last listed resistance zone for the ES was
at the 864.50-865.25 zone and it stalled out at 865.50
around mid day. That set up a good shorting opportunity and
the ES pulled back to 860.75 before the Fed release. That
864.50-865.25 resistance zone turned into support and a
trend-up move into the Fed release occurred. After the
release, the ES dropped then popped to 876.00, and then the
move reversed back down. However, the ES held just above 860
and thus managed to avoid trouble and bounced back into the
close.

The tight trading range was finally broken to the upside on
Wednesday's open. The 4 days of positive closes has changed
the sentiment, for sure. The Put/Call ratios are getting
close to where they were on January 2nd and January 5th,
just before the ES started a 145 point drop. The Vix gave 2
sell signals on Wednesday, but is in position to give 2 more
powerful sell signals if it reverses back up.

Not only has the sentiment gotten to a short term extreme,
many of the internal gauges are getting overbought. My 3 day
thrust is at +.68 (extremes are +/- .50) and other internal
indicators are not too far from extremes. The closing
breadth on the NYSE has been positive for 4 days in a row.
This is normally good, except that lately when there have
been 5 straight plus breadth days in a row, the market has
gotten hit with a hard selloff.

As for prices, that *could* be a plus. The ES finally broke
out of a range and closed over the 50 day moving average for
the first time in awhile. Also, the pullbacks have been
bought every time there is a stall/reversal of the downside
action. When that stops, the market could unwind pretty fast

That said, the market should at best see two-sided action on
Thursday. If the indicators were just a bit more overbought,
it would be time to be very aggressive on the short side. As
it is, shorting the pops that fizzle should set up the best
reward/risk opportunities on Thursday. The key would be a
test of the initial support levels. If those are not held,
then treat that 876 level as a short term top and short a
rally back towards that area. It will take a break over that
876 level that isn't rejected to open the door for a last
gasp rally towards the 887.50-888.25 area on the ES before a
trading top is in place.

March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

872.50-873.00
876.00
879.50-880.25
887.50-888.25


March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

865.75
861.25-860.75
856.50-856.00
847.50-847.00
840.50-840.00
836.50-836.00
836.50-836.00


March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1234.50-1235.00
1245.00
1249.25-1250.25
1258.75-1260.25


March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1227.50
1220.50-1220.00
1211.00-1210.25
1200.50-1199.50
1190.50-1189.50
1182.25-1181.75
1175.00-1174.25


March 2009 Dow futures resistance
symbols: emini = ymh9

8289-8293
8360
8384-8388
8446-8451


March 2009 Dow futures support
symbols: emini = ymh9

8282
8240-8236
8214-8211
8181-8176
8111-8106
8075-8071
8028-8024


---------------------------

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.

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 RBI Update 01/27/09

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

TradeStalker's

R.B.I. Trader's Update

1 / 27 / 2009

(Published Since 1996)

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


Dateline: 6:31 pm eastern time, 1/27/2009

The market opened higher on Tuesday and with the ES reaching
the 844.25-844.75 area and fizzling, it set up a trade on
the short side. The ES dropped from 844.50 to 831.25 about
an hour into the trading day and then turned back up. A
lunch-time bounce took the ES back up to 847.50 and after
making a 1-2-3 top, the ES fell back to 836.75. Another
reversal occurred and the market made another move to the
upside. The move fizzled at the 847.00 level and with a
little double top in place, the market pulled back into the
close.

The ES, NQ, and YM all had inside days on Tuesday. The
ranges were the smallest since January 8th, as the trading
range is forming a big wedge/triangle type of pattern. With
the Fed releasing its policy statement on Wednesday, that
might be a spark for a breakout or a fake-out.

The SP500 has finished up three days in a row now. The daily
indicators are mostly in neutral, but if the intraday
internals are strong on Wednesday, it will then get a lot of
things short term overbought. Also, if the Vix reverses to
the upside on Wednesday, it will give several sell signals.
The end of month normally has an upside bias, so the bounces
that fizzle should set up decent shorting opportunities, if
only for a quick trade. In any case on the down side, as
long as a pullback holds the initial support areas, nothing
"bad" happens.

As this is being typed the market is up after hours. If this
early strength holds, it should set up a shorting
opportunity as soon as the upside fizzles. If that plays
out, the pullback shouldn't go too much further than 842.50
on the ES and 1196 on the NQ. If the market opens above
those areas, but then reverses back down through them, then
a deeper pullback is underway before a turn around occurs.
If the initial support areas are broken and not quickly
reversed, then the pressure could be on the downside, and we
could drop towards the 824.00-822.50 or maybe even the
816.25-815.75 area on the ES if the market has a bad day.

March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

847.00-847.50 *key*
850.75-851.50 *key early*
858.00-858.50 *major*
864.50-865.25


March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

836.50-836.0
831.75-830.75
824.00-822.50 *key*
816.25-815.75 *target on break*
812.50-812.00
807.50-807.00 *key*
800.50-799.50 *major*
797.50
794.00-792.50


March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1200.00-1200.50
1202.50-1203.25 *key early*
1217.50-1218.25 *major*
1227.50-1228.50


March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1182.25-1181.75
1175.00-1174.25
1166.50-1165.50 *key*
1155.25-1154.75 *target on break*
1151.25-1150.50
1146.00-1145.25 *key*
1140.25-1139.50 *major*
1136.25


March 2009 Dow futures resistance
symbols: emini = ymh9

8172-8176
8227-8234 *key early*
8297-8303 *major*
8349-8355


March 2009 Dow futures support
symbols: emini = ymh9

8075-8071
8028-8024
7975-7970 *key*
7924-7919 *target on break*
7892-7888
7848-7842 *key*
7798-7792 *major*
7761


---------------------------


Good Trading,
Mike Reed

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 RBI Update 01/26/09

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

TradeStalker's

R.B.I. Trader's Update

1 / 26 / 2009

(Published Since 1996)

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


Dateline: 6:22 pm eastern time, 1/26/2009


The market opened higher on Monday and after a brief
pullback, the ES made it to 849.50 in the first hour of
trading. That was just under the 850.75-851.50 resistance
zone and the market backed off. A trading range between
844.75 on top and 839.00 on the low end formed and after the
range was finally broken, the ES popped to 838.50 and the
downside then gathered some steam. The drop reversed from
823.75 on the ES and it then bounced back to test the 840
level. However, a poke to 840.75 reversed, and the ES pulled
back 11 points to 829.75 before the close.

We get the Consumer Confidence number before the open on
Tuesday. The market has been stuck in a range and still is,
as the breakout of last week's range didn't stick. This
should set up for better odds trades on the short side,
especially if the ES fails around the 840 level again. On
the downside, the Monday afternoon lows would need to hold
and reverse if tested on Tuesday. If those areas don't hold,
then a spill towards the 816.25-815.75 area could be in the
cards. If we get down there, it should set up a good trade
on the long side if there is a reversal from that zone.

On Tuesday, if there is strength and the ES gets over 840
and then reverses, it should set up a very good shorting
opportunity. On the other side of the coin, if there is
early weakness and the ES can reverse to the upside after a
break of 830, then a decent trade on the long side could
shape up. If that doesn't play out in the early going, then
favor shorting the bounces as soon as the upside momentum
fizzles unless/until there is a trend up move that obeys
dynamic support on the way up.

March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

840.00-840.50
844.25-844.75
850.75-851.50
858.00-858.50
864.50-865.25


March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

830.25-829.75
824.00-822.50
816.25-815.75
812.50-812.00
807.50-807.00
800.50-799.50
797.50
794.00-792.50


March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1190.25-1191.00
1194.50-1195.00
1202.50-1203.25
1217.50-1218.25
1227.50-1228.50


March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1175.00-1174.25
1166.50-1165.50
1155.25-1154.75
1151.25-1150.50
1146.00-1145.25
1140.25-1139.50
1136.25


March 2009 Dow futures resistance
symbols: emini = ymh9

8123-8127
8143-8149
8227-8234
8297-8303
8349-8355


March 2009 Dow futures support
symbols: emini = ymh9

8028-8024
7975-7970
7924-7919
7892-7888
7848-7842
7798-7792
7761


---------------------------

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 01/25/09

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

TradeStalker's

R.B.I. Trader's Update

1 / 25 / 2009

(Published Since 1996)

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


Dateline: 6:48 pm eastern time, 1/25/2009

The ES opened just over the 80.50-799.50 support and then
traded choppy and volatile on the way to the 836.00-836.50
by early afternoon. The 836 level was rejected and after a
bounce to 834.50 failed, a 1-2-3 top started a drop down to
820.75 with about an hour left in trading. A choppy bounce
failed after touching 831.50 on the ES, and then they fell
into their close to settle about 5 points under "fair
value".

Last week the market opened lower and the high for the week
for the ES was made in the first few minutes of trading and
the low was made at 800.50 late Tuesday morning. The rest of
the week was two-sided action inside of that range for the
ES. On Friday, the ES held the 800.50 level, yet failed and
reversed at the 836.00-836.50 area. With the market getting
wound tight within a 35 point range on the ES, a breakout
that doesn't quickly reverse is needed to get a directional
move going. A close over the 840 level on the ES is needed
to get a move going on the upside. On the other side, a drop
under 800 that isn't quickly reversed should bring on a drop
to test the 741 level on the SP500 Cash.

On Monday look for a shorting opportunity if early strength
fizzles at/near the initial resistance zones. Those must be
exceeded and held on a pullback to avoid trouble. If the ES
can pull that off, it could get the upside going. The key
test would be taking out the double top at the 836.00-836.50
area on the ES, or failing there once again. However, if the
market pops up but reverses at/under the initial resistance
zones in the early going, then it sets up a shorting
opportunity and a move back towards the low 800's could then
be in the cards. Unless/until the 836.00-836.50 area on the
ES is exceeded and not quickly rejected, the market is
vulnerable and shorting the rallies when they fizzle/reverse
should offer the better risk/reward opportunities. If the
800 area is tested again, the buyers will need to reverse
the move quickly, otherwise we could see the downside pick
up some steam as the last leg down for this bear market
gives a bit of panic selling before a good low is put in
place.

March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

831.00-831.50
836.00-836.50
842.50-843.00
850.75-851.50
858.00-858.50
864.50-865.25


March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

816.25-815.75
812.50-812.00
807.50-807.00
800.50-799.50
797.50
794.00-792.50


March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1178.00-1179.00
1189.75-1191.00
1197.50-1198.25
1207.00-1208.00
1218.50-1220.00
1227.50-1228.50


March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1155.25-1154.75
1151.25-1150.50
1146.00-1145.25
1140.25-1139.50
1136.25


March 2009 Dow futures resistance
symbols: emini = ymh9

8050-8054
8108-8112
8159-8164
8247-8254
8297-8303
8349-8355


March 2009 Dow futures support
symbols: emini = ymh9

7929-7924
7892-7888
7848-7842
7798-7792
7761


---------------------------

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

NEW LIVE TRADING ROOM !

Attention Day Traders!

Starting Monday, January 12th we are going to be testing out
a NEW LIVE TRADING ROOM using Hotcomm. Mike will be actually
calling out trades in this room. Hotcomm will enable you to
see Mike's charts and hear him call out trades.

Mike is going to try out the trading room for 3-4 weeks to
see if it's something that he would like to continue doing.
At the end of this 3-4 week period, you will be notified
whether or not Mike will continue the trading room, go back
to our usual operations, or maybe just make some minor
changes. This all will be completely up to Mike.

During this 3-4 week trial period,you are welcome to
participate in our Live Trading Room. In order to
participate, you need to do 3 things:

1- Have a Hotcomm license. If you do not have a Hotcomm
license already, you can do that here:
http://www.hotComm.com/order.asp for a VERY minimal fee.

2- Read Mike's ebook, "Read the Greed-Take the Money". This
will ensure that you understand his trading methods and will
enhance your experience in our trading room. You will be
able to get his ebook at a discounted price during this
trial. If you have already purchased Mike's ebook, please
review it prior to January 12th.

3- Choose one of the options below, and then go here to
register: http://www.tradestalker.com/trading-room.htm

- Options -

Option 1- $75 access for the trading room only (ONLY for
those of you who have already bought the ebook).

Option 2- $150 access to the trading room AND the nightly
updates (ONLY for those of you who have already bought the
ebook).

Option 3- $175 access to the trading room, nightly updates,
AND Mike's ebook combo ("Read the Greed-Take the Money" and
the 3 Hour teleseminar.

We only have 200 spots for the live trading room and they
are filling up fast, please get registered as soon as
possible to reserve your spot in the room. You can go here
now to register:
http://www.tradestalker.com/trading-room.htm

Please remember, you MUST be registered by Sunday, January
11th in order to participate in this 3-4 week trial.

Go to this link now to register:
http://www.tradestalker.com/trading-room.htm

The trading room password will be sent out Sunday - January
11th to all of those who have registered for the live
trading room trial per instructions above.

If you have any questions, as always, please don't hesitate
to contact us.

To Your Success,
Julie
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).