TradeStalker's RBI Update 02/26/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 26 / 2009

(Published Since 1996)

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


Dateline: 6:53 pm eastern time, 2/26/2009

The market opened higher on Thursday, but the strength was
sold and the market dropped for about 20 minutes before
turning back up. The move took the ES to the 779.00-779.50
resistance, and the ES backed off from 779.00. After the
dip, the ES popped up to 778.00 and then turned back down.
That triggered another 1-2-3 top pattern and the ES dropped
to the 760.50-760.00 support zone. Buying came in, but the
ES fizzled just under the updated 773 resistance (and at the
60ema on the 5 minute chart) and a drop to the 752.00-751.25
zone was underway. The ES reached 750.25 and then reversed,
but the bounce fizzled at 758.50 (and the 20ema) and the
market dropped back to its lows at the close.

The complacency at these levels is hard to believe. The Vix
dropped 10% under its 10 day average close intraday, and
still closed down while the market was down pretty hard. It
gave a sell signal on Thursday. The Put/Call ratio isn't sky
high either, like it has been at past good lows.

At the moment, it is back to range-bound trading. The SP500
has been in a range for 5 days now, with 780.12 being the
top side and 742.37 being the bottom side. The top of the
range was rejected the past 2 days, as the bounces refuse to
stick. A break to the downside will likely stick, given the
lack of fear in the air, and if that happens then we could
see the ES drop under 700 for the first time in over a
decade. A drop towards the 680 level is possible if the 5
day range is broken on a closing basis. That would shake up
the complacent group of options traders.

We had a drop of 600+ points on the Dow on February 27th a
few years ago. Don't count on that, but it does look like
the market has more to go on the downside. It will take a
break and hold over the 758.00-758.50 area on the ES (or the
60 period ema on the 5 minute chart) to put a dent in the
downside momentum, and the market is a short under the
initial resistance areas. If there is a test of the weekly
low at the 739.75-739.00 zone on the ES, and it is not
quickly reversed, then the bottom of the range is broken and
the downside could pick up steam.

On Friday, look for early strength to be sold as soon as the
upside momentum fizzles. If that plays out, and the ES
breaks and holds under the 750 level, it could be worth
holding on to with a trailing stop. If the bottom of the
range, and last year's low, is not held on the SP500 cash
and futures, then it could be a bad Friday for those long.
However, if the ES drops towards the 740-739 area and
reverses with some gusto, then buying pullbacks will be in
order. Just be careful with the long side, as the market has
a strong trend and momentum on the downside.

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

758.00-758.50
760.50
767.25-767.75
771.50-772.25
779.00-779.50
785.50-786.00

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

750.50-750.00
747.50-747.00
739.75-739.00
732.00-731.50

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

1138.00-1138.50
1142.00
1151.75-1153.00
1162.50-1163.50
1173.50-1175.00
1180.50-1181.50

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

1127.50-1126.50
1122.20-1121.50
1116.25-1115.00
1107.25-1106.50

March 2009 Dow futures resistance
symbols: emini = ymh9

7226-7230
7250
7303-7307
7333-7336
7387-7393
7441-7446

March 2009 Dow futures support
symbols: emini = ymh9

7160-7155
7128-7124
7058-7052
7011-7007

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

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 02/25/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 25 / 2009

(Published Since 1996)

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


Dateline: 6:20 pm eastern time, 2/25/2009

The ES followed through from late Tuesday's 1-2-3 top as the
market opened soft and traded lower for the first 90 minutes
of trading on Wednesday. The ES reached 751.25 support and
bounced to 765.25 around noon. The sprint was reversed and
the ES dropped to 752.50 and then turned back up. There was
a sprint to 770.75 that fizzled, but buyers came back in
after the ES reversed from 757.25 and the market went on
another sprint higher to the 778.75-779.50 resistance zone.
That 779.50 level was the high as the ES dropped 19.25
points to 760.25 in the final minutes of trading.

The volatility is picking up, so it should offer good setups
both ways. At the moment, shorting bounces is going to offer
the better odds trade. The 778.75-779.50 resistance zone was
soundly rejected, and both the bulls and bears would like to
revisit that area to sell on Thursday. The market had been
in a trading range, but after popping through the top that
reversal was telling.

On Thursday, if there is early weakness beware of a reversal
in the first 30 minutes or so. If there is early strength
instead, that would set up a better trade by shorting the
move as soon as the upside fizzles/reverses. If the market
drops back towards the Wednesday lows, and cannot quickly
reverse, then the market will be back in trouble. However,
if there is a sharp drop that can reverse from down around
the 752.00-751.25 area, then the market will still be
"okay". If the ES goes back under the 748.00-747.50 zone
without reversing, then a retest of the 740-739 major
support could be in the cards.

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

770.00-770.75
779.00-779.50
805.50-806.00


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

760.50-760.00
755.75-755.25
752.00-751.25
748.00-747.50


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

1169.75-1170.50
1183.50-1184.25
1190.50-1191.50


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

1152.50-1152.00
1148.75-1148.00
1142.50-1142.00
1137.00-1136.50


March 2009 Dow futures resistance
symbols: emini = ymh9

7320-7323
7387-7391
7451-7456


March 2009 Dow futures support
symbols: emini = ymh9

7221-7217
7181-7177
7144-7139
7108-7104


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

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 02/24/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 24 / 2009

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


Dateline: 7:05 pm eastern time, 2/24/2009


The market opened higher on Tuesday but early strength was
sold. The ES dropped from 753.50 to 743.50 about 40 minutes
into the trading day, and buyers stepped to the plate. The
757.00-757.50 area was rejected around 11am, and the ES
backed off to 746.25 around noon and the move was reversed.
The ES finally pushed through the 757.00-757.50 area, and
with that work done the market went into trend-up mode. With
just over 30 minutes left in stock trading, the ES reached
774.75 and backed off. A pop to a lower high set up a 1-2-3
top and the ES dropped 7.50 points and closed under fair
value.

If you made new investments in the proxies early on Tuesday,
you are off to a good start. For as oversold as the market
was, and the fact that the ES bottomed at major support area
on Monday, this move could/should last for a few days. The
Vix gave a couple of buy signals, but it's kind of had a
damper on it a bit due to the Vix dropping over 13% on
Tuesday. Most of the other indicators leaped out of deep
oversold territory. So, the technicals are looking ok at the
moment. Price now need to stay in an uptrend.

On Wednesday morning, look for the "sell early, buy the
first decent pullback" to play out. if there is early
strength look for a reversal in the first 20 minutes or so.
If that plays out, the initial support will need to hold,
and should offer a buying opportunity. If there is weakness
instead, and it reverses back up from the 764.75-764.25 area
on the ES, then the uptrends are still intact and the bulls
should be in charge. However, if that area is broken, then
we could see a bigger drop towards the 756.50-756.00 area at
worst. If a drop that far isn't reversed, then there is more
trouble ahead for the market, and bounces that fizzle would
then become shorting opportunities.



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

774.00-774.75
778.75-779.50
783.50-784.25
789.50-790.00
794.75-795.25
800.50-801.25
805.50-806.00

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

764.75-764.25
756.50-756.00
751.00
748.50-748.00
740.00-739.00

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

1176.75-1177.50
1183.50-1184.50
1187.50-1188.00
1193.50-1194.00
1203.50-1204.00
1210.50-1211.50
1217.50-1218.50

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

1126.50-1125.50
1120.25-1118.75
1094.00

March 2009 Dow futures resistance
symbols: emini = ymh9

7362-7366
7417-7423
7502-7506
7538-7542
7595-7599
7638-7643
7694-7699

March 2009 Dow futures support
symbols: emini = ymh9

7266-7262
7208-7203
7164
7155-7151
7086-7081

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

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 02/23/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 23 / 2009

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


Dateline: 6:51 pm eastern time, 2/23/2009

The market opened higher on Monday, but the strength was
immediately sold and the market headed lower. It was a basic
trend down day with only one decent counter-trend reaction,
but that bounce reversed from the updated resistance at the
757.00-757.50 area on the ES. After reversing from 757.25,
the ES dropped into 4pm where it found bottom at 738.75 (and
in the 741-739 major support zone) and then the futures
firmed to close a bit above fair value.

The market gets uglier each day. Monday was a case in point
of why it's important to change a market bias when price
action dictates. On Monday it didn't matter that the market
is oversold, due to strong momentum and a herd mentality.
That can change on Tuesday, we'll see. At the moment it
still is "I'm not buying yet" from the bulls and "get me out
of here" from those stuck bottom picking up to this point.
The bears are just looking for another bounce to fail.

At this point, it is looking like its almost time to begin
to scale into positions for the long term trader/investor.
The low on Monday was right at a key support area, and as
long as it is held, a trading low could be in place. Odds of
a decent bounce coming soon is pretty good. The odds of it
sticking for more than a few days, however, don't look so
good at the moment. The risk on the ES would be down to
around 733-732 it appears. If the ES goes through that area
by much, then the 700 level will probably be broken on this
leg down, with the SP500 possibly going towards the 682
area.

That said, look for two-sided action on Tuesday. In first 30
minutes, if there is early strength and it fizzles and/or
reverses from the initial resistance areas, then the trends
are still all pointing down and selling bounces is still the
better odds trade. However, if the market can hold over the
initial resistance areas, and also take out the 757.00-
757.50 area on the ES, then a low of some sort may be in
place. If that occurs, then the pullbacks should hold, so
when the dips stall out, look for another pop on the upside.


On the other side of the coin, if the market opens lower but
can then reverse back up from the 740.00-739.00 area (or a
little bit higher) on the ES, then we can get a good risk /
reward entry for a trade on the long side. Just beware that
if the 740-739 area on the ES is broken, there needs to be a
very quick reversal back up. If the ES breaks and stays
under that 740-739 area, then we could drop another 50
points on the ES before this selloff is over.


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

747.00-747.50
750.25-751.00
757.00-757.50
764.00
771.00-771.50
778.75-779.50

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

740.00-739.00 *major*
733.25-732.50
716.00
nothing much for valid support until...
682-681 on a close

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

1137.50-1138.00
1142.00-1143.00
1150.50-1151.25
1159.75
1174.00-1174.50
1183.50-1184.50


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

1126.50-1125.50
1120.25-1118.75
1094.00

March 2009 Dow futures resistance
symbols: emini = ymh9

7129-7131
7176-7180
7246-7252
7312
7372-7376
7457-7463

March 2009 Dow futures support
symbols: emini = ymh9

7086-7081
7012-7006
6872

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

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 02/22/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 22 / 2009

(Published Since 1996)

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


Dateline: 3:58 pm eastern time, 2/22/2009


First off, it is in all of our best interest to make sure
that the "Trader Tax" does NOT get passed. I urge everyone
to go here:

http://www.rallycongress.com/no2tradertax/1536/

And let your voice be heard. This could destroy our
business!! On to the market...

The market started the week with a gap down open on Tuesday
morning, which broke the 24 day old trading range. With that
damage done, the bounces failed all week. On Friday the ES
opened down 17 points and after a bounce, the downside
resumed. The ES reached 752.50, right in the 753.00-751.50
support zone and reversed back up. It turned into a better
rally once the 761 level was broken. That sparked a run up
to 778.75 on the ES where the move fizzled. The pullback was
13+ points to 763.25 on the ES and then the market churned
into the close.

First, the plusses coming into the week. Last week I
mentioned that it looked like we are in "wave 5" -- which
has certainly proved to be the case. The "good" news is that
the Dow broke the November 2008 low on Friday, which could
mean the big trend down may be near an end. Meanwhile, the
SP500 and Nasdaq 100 are still above the November 2008 lows.
Sometimes the previous bottom isn't exceeded (as the Dow has
done) and turns out to be a bullish divergence. The drop
from the 12/08/09 top at 919.25 on the ES down to the
1/20/09 low at 797.50 was 121.75 points. From the 2/09/09
high at 873.00, subtract 121.75 points and it gives equality
at 751.25. The Friday low was at 752.50, so some symmetry
may be at work here too. Yes, given the recent action the
SP500 looks like it can easily fall to 741.02, its November
low. However, the fact that the rally came from a support
area on the SP500 cash and futures is a plus for the bulls,
short term. They must defend that now.

In addition to this, the internal gauges are at extreme
oversold territory. Everything listed in the Thursday night
update is still in oversold territory. The McClellan
oscillator is at -299, which is the 5th most extreme reading
in many years. It was at -318 on November 20, the day
before the November 2008 lows. Also, for 4 straight days
there are less than 1000 advancing issues on the NYSE. This
last occurred going into October 10th, 2008. The following
Monday, the SP500 then rallied 104 points on Monday October
13th. Finally, at the November low there was 1894 stocks
making new 52 week lows. On Friday just 555 stocks made
new 52 week lows.

I'm not calling for a repeat of that big rally, as things
were different. The ES was coming off of back to back 103
point trading ranges. However, it is time to be a bit more
careful as we could see more "out of nowhere" rallies of 20+
points like on Friday.

Now the negatives... the market has good downside momentum,
which needs to be turned around. The sentiment, while
getting a bit less enthusiastic, is still not near extreme
pessimism seen at good lows. And most important, the market
just cannot hold onto gains. It did better on Friday, so
maybe it's a start. Still, the upside shouldn't be an easy
road as there is a lot of resistance overhead.

On Monday, the initial support needs to hold or quickly
reverse if broken, if the market is going to hold together
and make another run to the upside. If that occurs, just
beware that the bounces will offer shorting opportunities
when the upside sprint fizzles and begins to roll over. The
path of least resistance should be to the upside as long as
that support holds, but both sides should be in play given
the recent damage. If the 752.50-751.25 zone doesn't
hold, then a break to or through 741-739 is likely.



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

771.00-771.50
778.75-779.50
783.50-784.25
789.50-790.25 *key, even more so 763.25 holds*
794.75-795.25
800.50-801.25 *strong*
805.50-806.00 *major*


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

764.00-763.25
757.50-757.00
752.50-751.25 *key*
748.00 *minor*, possible air pocket
741.00-739.00 *major*


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

1174.00-1174.50
1183.50-1184.50
1187.50-1188.00
1193.50-1194.00 *key*
1203.50-1204.00
1210.50-1211.50 *strong*
1217.50-1218.50 *major*


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

1164.50-1164.00
1158.75-1158.00
1153.00-1152.25 *key*
1138.50-1137.50 *major*


March 2009 Dow futures resistance
symbols: emini = ymh9

7372-7376
7457-7463
7502-7506
7538-7542 *key*
7595-7599
7638-7643 *strong*
7694-7699 *major*


March 2009 Dow futures support
symbols: emini = ymh9

7318-7314
7274-7270
7232-7228 *key*
7117-7112 *major*


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

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

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

TradeStalker's RBI Update 02/19/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 19 / 2009

(Published Since 1996)

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


Dateline: 6:42 pm eastern time, 2/19/2009


Early strength set the table for a trade on the short side
on Thursday and even waiting for the break of 792 gave a
good profit as the ES dropped to updated support at 787
before bouncing. The bounces couldn't stick and after
getting one that reached 789.75, the ES pulled back and then
bounced to a lower high at 787.25 and reversed. The rest of
the day the ES traded by the numbers given in the intraday
updates as the ES chopped its way to a 775.00 low in the
final minutes of trading.

All of the indicators listed last night are even more
compressed. At Thursday's close my RBI Oscillator dropped
into buy mode and along with that, the McClellan Oscillator
reached -256 at Thursday's close. This set of oversold
readings happens rarely and usually appears at a good
trading low as the market then reverts to the mean. The only
ingredient missing from having everything line up is the
absence of some Vix buy signals. This is bothersome for the
bullish setup, as a rally from here would likely be short
lived as the crowd is still too bullish despite recent
carnage.

So, the fumes are in the air for a decent rally but some
proof of strength is needed. We get the CPI before the open
on Friday and maybe it will give the market a reason to
rally. The key will be getting the ES over the initial
resistance areas and not quickly reversing per usual of
late. Unless that occurs, the bounces will continue to set
up good shorting opportunities and it keeps the door open
for the SP500 to join the Dow by heading back towards the
741-739 area. However, if the market can get over the
initial resistance and not fail, then a test of the Thursday
highs would be a key test for the market. The ES made a high
on Thursday at 796.75, which is the high of the low day thus
far. The ES settled at 779.50 for two straight days and a
close over 796.75 on Friday is needed to start a bottoming
process.



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

783.50-784.25
789.50-790.00
794.75-795.25
800.50-801.25
805.50-806.00


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

775.50-775.00
772.00-771.50
764.50-763.50
753.00-751.50
741-739


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

1176.50-1177.00
1183.50-1184.50
1193.50-1194.00
1203.50-1204.00
1210.50-1211.50


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

1165.50-1165.00
1160.50-1159.75
1152.50-1150.50
1147.25-1146.50


March 2009 Dow futures resistance
symbols: emini = ymh9

7502-7506
7538-7542
7595-7599
7638-7643
7694-7699


March 2009 Dow futures support
symbols: emini = ymh9

7427-7424
7400-7396
7334-7329
7262-7258


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

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 02/18/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 18 / 2009

(Published Since 1996)

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


Dateline: 6:21 pm eastern time, 2/18//2009


We wanted to short early strength that fizzled on Wednesday,
and then beware of a reversal around 20-40 minutes into the
day. The market opened higher on Wednesday, and the ES
dropped from 793.50 (and 60ema on 5 minute chart) to 788.00
before bouncing back. The ES made a lower high at 793.25 and
reversed, setting up a 1-2-3 top and the ES dropped fast to
a 778.00 low about 40 minutes into the trading day. That was
potential reversal time, and the market turned back up. A
stair-step move higher took the ES up to the 791-792 updated
resistance area. After reaching 792.00, the ES had a soft
pullback to 788.75 and then the upside continued as the ES
popped up to 794.75. That pop fizzled, and the ES went back
to test the 780 level. The test was passed, as buyers
stepped to the plate and took the ES grudgingly to just
under the 790 level. The rally attempt fizzled, and when
stocks closed the futures dropped hard and closed just off
of the lows.

The internal gauges are now at short term extremes for the
most part. My 3 day thrust oscillator is at .-74, and the 4
day volume ratio is at .29, both at short term extremes.
Take this as a "heads up" that a decent rebound is possible,
but maybe a day away. The late drop sent the ES out about 8
points under fair value. Also, the sentiment is not near an
extreme. In fact the Vix closed lower despite horrible
action on Wednesday.

On Thursday the market must clear, and hold, the initial
resistance zones to get out of short term trouble. Bounces
are a short unless/until those areas are broken, and not
quickly reversed. As for a trade on the long side, if the
market opens lower and then can reverse again in the first
20-40 minutes, it should set up a decent trade on the long
side. Just beware that bounces are not sticking, and that
needs to change before buying dips becomes the better odds
trade.


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

788.75-789.50
794.75-795.25
800.50-801.25
805.50-806.00
812.00-812.50

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

776.50-776.00
772.00-771.50
764.50-763.50
753.00-751.50
741-739

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

1193.50-1194.00
1203.50-1204.00
1210.50-1211.50
1218.50-1219.50
1225.50-1226.50

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

1176.50-1176.00
1168.50-1167.75
1154.00-1152.50
1147.25-1146.50

March 2009 Dow futures resistance
symbols: emini = ymh9

7556-7563
7598-7603
7657-7662
7694-7698
7754-7759

March 2009 Dow futures support
symbols: emini = ymh9

7459-7453
7414-7409
7371-7366
7282-7278

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

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 02/17/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 17 / 2009

(Published Since 1996)

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


Dateline: 6:44 pm eastern time, 2/17/2009


The ES opened down 23 points on Tuesday, and the move
continued until a reversal from 786.75 on the ES. The market
then went into a choppy range for most of the day. The
updated resistance at the 796.50-797.50 zone was reversed,
as a bounce to 796.75 fizzled and the ES dropped 7.75 points
to 788.00 with a half an hour left in stock trading. The
move reversed and a quick run up to 799.50 was sold as soon
as the momentum fizzled. That was all the bulls could
muster, as the market turned down and closed the day at new
lows.

The SP500 finally broke the range it was in for 24 trading
days. The 804 area on the SP500 cash should offer the first
good resistance on a rally attempt, as the market often
times will revisit "the scene of the crime" and test the
breakout areas. Even if that occurs, there will be a lot of
overhead resistance to get through. There is a gap on the
daily charts, and that should be a lid on a rally. The ES
needs to get back to 818.75 and the NQ needs to reach
1226.00 to fill the gap on the daily chart. The Dow cash
needs to rally back to 7840 to reach its Friday low.

The internal gauges are still in modest oversold territory,
but possibly a bad day away from getting to extremes. This
price pattern on the big picture looks like a "5th wave" and
on a closing basis the NYSE and Dow have done all they need
to to start making a bottom. The SP500 and Nasdaq 100 still
have more to go on the downside, however, to complete the
same pattern.

The market still can not hold gains, so the short side
should still offer the better odds trades on Wednesday. Look
for early weakness to reverse to set up a quick trade on the
long side. This must occur within the first 20-40 minutes if
it is going to play out. Thereafter, the first decent bounce
should set up a very good shorting opportunity. Then, at 2pm
eastern time, we will get the Fed Minutes from its last
meeting. This could either fuel the downside, or start a
reversal, so beware of good action in the last 2 hours if
there is a reaction to that release.



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

791.75-792.50
800.50-801.25
805.50-806.00
812.00-812.50

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

785.50-785.00
782.00-781.50
775.00-774.50
764.25
741-739

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

1193.50-1194.00
1205.00-1203.75
1210.50-1211.50
1218.50-1219.50

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

1181.50-1180.50
1177.25-1176.75
1168.50-1167.75
1152.50

March 2009 Dow futures resistance
symbols: emini = ymh9

7572-7576
7657-7662
7694-7698
7754-7759

March 2009 Dow futures support
symbols: emini = ymh9

7500-7496
7464-7459
7398-7392
7293

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

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 02/16/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 16 / 2009

(Published Since 1996)

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


Dateline: 5:44 pm eastern time, 2/16/2009

NOTE:
I will be back in our previous intraday messenger room
(http://www.tradestalker.com/RBIchat.htm) starting tomorrow.
If you need your username and password, please email Julie
(tradestalker2@verizon.net) and she will send it to you.


The market rallied early last week, but on Tuesday things
turned bad for the bulls. The ES dropped from an 873.00 high
on Monday to an 805.50 low by Thursday afternoon. On Friday
the market had another two-sided action day. However,
members were warned of failed rallies as the bears still had
the upper hand. After fizzling out at 835.50 on Friday
afternoon, the ES fell over 16 points to 818.75 just before
settlement.

The internal gauges are beginning to get slightly oversold,
but are not yet to big extremes. The market simply cannot
get out of trouble lately. All of the rallies, even the
parabolic 1 hour runs, are being erased with ease. The
action on Friday showed that the overhead resistance was
tough to get through and stick. The listed resistance at the
835.75-836.25 area on the ES and the 1247.00-1247.50 area on
the NQ were both barely exceeded and then reversed. The
market spent very little time up there on Friday morning
before reversing and then also rejected those zones on the
afternoon retest, so that looks like the upside potential
right now. It will take a break, and hold, of those areas to
get out of trouble short term.

The trends and momentum all are pointing lower and the
market is acting poorly, so expect the bounces to be sold as
soon as the upside fizzles. Should the SP500 cash test the
804 area, the market will need to quickly reverse and start
a good rally. The SP500 has been in the 877-804 range for 24
trading days now and that is the bottom end of that big
range. If the bottom of this big range is broken and not
quickly reversed, then we are in the last push down in this
bear market and could revisit the 740 area on the SP500 cash
again.

On Tuesday, if the market opens lower, look for a reversal
in the first 20-40 minutes of trading to set up a decent
bounce. Thereafter, if that plays out, the first decent
bounce will be a shorting opportunity as soon as the upside
fizzles. Unless the Friday high areas are exceeded and not
quickly reversed, the bounces should offer the better trades
on the short side as soon as the upside momentum fizzles and
a turn begins.

NOTE:
I will be back in our previous intraday messenger room
(http://www.tradestalker.com/RBIchat.htm) starting tomorrow.
If you need your username and password, please email Julie
(tradestalker2@verizon.net) and she will send it to you.


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

819.00-820.75 - IF GAP DOWN, Key
831.50-832.00
837.25-837.75
840.25-840.75
846.00-846.50
852.50-853.25


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

819.00-818.50
812.50-812.00
806.00-805.50
800.50-799.50 - MAJOR
794.00-792.50 - Magnet if 799.50 breaks


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

1244.00-1244.75
1248.50-1249.00
1253.25-1254.00
1260.25-1261.25
1266.50-1267.75


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

1226.50-1225.75 - will be key resistance on gap down
1219.00-1218.50
1211.50-1210.50
1202.50-1201.50
1195.50-1192.75


March 2009 Dow futures resistance
symbols: emini = ymh9

7883-7887
7941-7946
7978-7984
8023-8028
8056-8062


March 2009 Dow futures support
symbols: emini = ymh9

7768-7764
7734-7727
7665-7662
7614-7607
7546-7541


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

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 02/12/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 12 / 2009

(Published Since 1996)

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


Dateline: 6:25 pm eastern time, 2/12/2009


The market gapped down on Thursday and the pressure was on
until the ES reversed from 808.25 about 30 minutes into
trading. A run up to 825.00 followed, but the move failed
and after a little 1-2-3 top was made, the ES worked its way
to a new low at 805.50. With an hour left, the market
reversed and rallied to the 836.25 resistance by the close.

The SP500 has spent 23 straight trading days between 877 and
804. On Thursday they reached the lower end of that zone and
then rallied straight up covering 30 points in 75 minutes on
futures trading. On Friday, look for early strength to
fizzle to set up a shorting opportunity. Thereafter, the ES
needs to stay over the 825.00-824.50 area on a pullback,
otherwise a top will be in place and a sharper drop is in
the cards. Both sides should be in play, but beware of a
move that reverses from near the 840.25-840.75 area, if the
market has enough oomph to get there. A reversal from that
zone sets up a good bigger picture shorting opportunity.




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

835.75-836.25
840.25-840.75
846.00-846.50
852.50-853.25


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

825.00-824.50
819.00-818.50
812.50-812.00
805.50
800.50-799.50


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

1247.00-1247.50
1253.25-1254.00
1260.25-1261.25
1260.25-1261.25


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

1225.75-1225.00
1219.00-1218.50
1207.25-1206.75
1202.50


March 2009 Dow futures resistance
symbols: emini = ymh9

7941-7946
7978-7984
8023-8028
8056-8062


March 2009 Dow futures support
symbols: emini = ymh9

7843-7838
7788-7784
7734-7727
7662


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

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 02/11/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 11 / 2009

(Published Since 1996)

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


Dateline: 6:28 pm eastern time, 2/11/2009


The market opened slightly higher on Wednesday but the early
strength was sold about 25 minutes into trading and the ES
dropped from 835.50 to updated support at 824.50. The market
reversed and went up to test the highs, but the move fizzled
and the market went trend down to test the Tuesday low.
After reaching 819.50, the ES quickly reversed and the ES
ran back up to 835.50 again and then backed off 9 points to
826.25. Buying came in in the last 20 minutes as the market
ended the day about where it started.

The internal gauges have come back to neutral after being at
extremes at Monday's close. The move on Wednesday was mostly
within the Tuesday range, as the downside momentum abates a
bit. The market should try to repair some of the damage from
the hammering the market took on Tuesday. An up-down-up type
of move off of this low could set the market up for one more
hard hit to the downside, which could end the current major
bear market move and be the beginning of a rally into early
spring.

In any case, on Thursday the market will need to hold the
initial support areas in order to avoid rolling back over
again. That's at the 826.25-825.50 zone on the ES and the
7902-7897 area on the Dow Cash. If they are broken, then a
test of the Wednesday lows would need to hold. The ES made a
double bottom at the 819.50 level on the ES, and the quick
reversal showed that the support should be solid there. If
that is broken and not quickly reversed for a third time,
then a move towards the 800 area on the ES could be in the
cards.

On the upside, the ES made a double top at the 835.50-836.25
area on Wednesday. The market was unable to sustain its
gains, so a move back towards that area needs to avoid
fizzling out again. A move above that area could cause a
push towards the 840.25-840.75 zone. If the market gets
there and then reverses, it should offer a good shorting
opportunity.



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

835.50-836.25
840.25-840.75
852.50-853.25


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

826.25-825.50
820.00-819.50
817.50-816.75
812.50-812.00
807.50-807.00
800.50-799.50
794.00-792.50


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

1335.00-1236.25
1240.25-1241.50
1256.50-1257.75


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

1221.50-1221.00
1217.00-1216.50
1212.25-1210.75
1207.25-1206.75
1199.25-1198.25


March 2009 Dow futures resistance
symbols: emini = ymh9

7946-7952
7978-7984
8056-8062


March 2009 Dow futures support
symbols: emini = ymh9

7902-7897 {cash}
7815-7810
7799-7794
7762-7757
7712-7706


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

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 02/10/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 10 / 2009

(Published Since 1996)

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


Dateline: 8:18 pm eastern time, 2/10/2009


A lower open was bought on Tuesday, but that strength was
sold about 30 minutes into the trading day and the market
rolled over. From a high at 866.00 on the ES, the ES broke
the key support as is was trend down from there. The bounces
halted by the 20 period ema on the 5 minute chart until
dipping into the teens with 18 minutes left in stock
trading. The ES reversed quickly from 819.75 and bounced
about 10 points, and then churned into the close.

Well, the market was ripe for a selloff and it obliged by
falling hard on Tuesday. With the damage that was done, it's
hard to believe that the market will just shrug this off and
put together a good rally. A trade may develop on the long
side due to the big closing Trin on Tuesday. However, if we
do get a rebound, beware of a reversal once the upside
fizzles. All trends are currently pointing down and
unless/until there is a break and hold over the 832.00-
832.50 area, the bears still are in charge.

On Wednesday look for a shorting opportunity on an early pop
that fizzles under the 832.00-832.50 area. If that area is
not reversed, then we could see a decent run occur....
potentially back towards the 840.25-840.75 area. However, if
the market fails to clear and hold that 832.00-832.50 area,
then the downside should continue. If this move lower
continues and reaches the 800.50-799.50 area on the ES, a
quick reversal must occur. If that happens, then a low could
be in place. However, if that area is broken, then we could
be heading back towards the 7450 area on the Dow cash. That
appears to be major support. It is another 438 points below
the Tuesday close and if there is a retest, it must hold to
avoid a collapse.



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

829.50
832.00-832.50 *key early*
840.25-840.75
852.50-853.25


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

819.50 *must hold*
817.50-816.75
812.50-812.00
807.50-807.00
800.50-799.50 *major*
794.00-792.50


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

1235.25
1237.75-1238.50
1247.25-1248.50
1256.50-1257.75


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

1221.50
1218.25-1217.25
1212.25-1210.75
1199.25-1198.25


March 2009 Dow futures resistance
symbols: emini = ymh9

7913
7972-7978
8052-8056
8116-8123


March 2009 Dow futures support
symbols: emini = ymh9

7810
7804-7799
7762-7757
7712-7706
7449 Dow cash *major*

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

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 02/09/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 9 / 2009

(Published Since 1996)

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


Dateline: 7:02 pm eastern time, 2/9/2009


The market opened soft on Monday and traded down to test the
pivotal 860.50-859.75 area on the ES. The zone was slightly
broken, but the turn came after a 10.25 point drop on the ES
about 40 minutes into the trading day and a rally was
underway. The ES rallied to 873.00, slightly exceeding the
871.75-872.50 zone, but the move quickly reversed and a
downtrend was underway. A bounce off of 864.50 fizzled at
871.25, and made a little 123 pattern before heading lower
again. The ES made its way back down to 860.50 with just
over an hour left in trading and then turned back up. That
was a nice save by the bulls, as the ES bounced back to
870.50 with 30 minutes left in stock trading. However,
unable to hold over 870 brought in late selling and the ES
pulled back to that 864.50 level again by the close.

The market held up on Monday despite being very overbought.
However, at Monday's close, the majority of my indicators
are in sell territory. My RBI oscillator is in sell
territory, and the 3 day Thrust is also short term
overbought at +.60. That combo usually holds the market
back, at best for the bulls. Odds are better for the market
to have a decent sized selloff come from the 870 area.
That looks like a short term top, and if reached again on
Tuesday it should be a great reward/risk shorting
opportunity.

On Tuesday the odds should favor selling the bounces,
especially if the ES gets around 870 again and fails to hold
again. On the other side of the coin, IF the ES can hold the
860.50-859.50 zone and then turn up, it *could* set up a
trade
on the long side. Just don't fall in love with any trades on
the long side. If the ES breaks and holds under the 860.50-
859.50 zone, then a bigger drop should be unfolding...
possibly going back towards the 849.25-848.50 zone where
the market would have key support.

It would take a break over 870.00 that can then hold on a
pullback, instead of reversing back down through that level,
to keep the upside going. If that happens, then getting
through the 876 area would be the objective of the bulls. IF
something happens to kick the market into that kind of
movement, then we could see the 881.50-882.00 area before
the bears take control again.

So, on Tuesday look for a good shorting opportunity if there
is early strength that fails. There is some data out at 10am
that might be necessary to stand aside in front of, we'll
see. If the market can reverses again from around 870 it
should set up a good short. If a pullback can hold at the
849.25-848.50 zone and turn up, beware of a potential
reversal. However, beware that a break of that area should
set the stage for lower prices and shorting bounces should
play out better.




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

872.50-873.00
876.00-877.00 *key*
881.50-882.00
887.50-888.25 *short term major*


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

864.00
860.50-859.50 *pivotal*
854.25-853.75
849.25-848.50 *key*
843.00-842.50
836.75-836.25


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

1284.50-1285.50
1289.25-1290.50
1296.50-1297.25


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

1273.50
1267.50-1266.50
1257.00-1256.25
1250.00-1248.75
1241.00-1239.50
1230.25-1229.50


March 2009 Dow futures resistance
symbols: emini = ymh9

8280-8285
8304-8308
8358-8362
8398-8402


March 2009 Dow futures support
symbols: emini = ymh9

8206
8168-8161
8146-8142
8088-8082
8039-8034
7965-7961


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

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 02/08/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 8 / 2009

(Published Since 1996)

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


Dateline: 5:24 pm eastern time, 2/8/2009


First off, a note about this upcoming week. I will not be
here on Monday, so there will not be any more updates until
Monday night. Then, a small change of prior plans. The
trading room will begin on the Tuesday morning, February
10th. More on that coming soon. On to the market...

After some early weakness, the market rallied to make a
double top around 849 on the ES and then had a pretty sharp
drop into Thursday morning. That Thursday low started a good
rally, and by Friday the 866.00-866.50 area was easily
exceeded. The day ended on a firm note as the market
finished the week near its weekly highs.

The low that was expected by Friday/Monday either came in a
day early on the Thursday morning gap down open, or else the
market is set up for another fairly sharp drop. The closing
Trin on Friday was a tiny .39. That is a sign of panic
buying. The last time the Trin closed under .40 was a .34
close on January 16th. The SP500 cash closed at 913.18 that
day, and then dropped to close at 885.28 two days later. In
addition to that, the internal gauges have reached short
term overbought extremes. The short term volume oscillators
are pinned near the top of their extremes. Also, the Vix
didn't give much of a drop, despite the 217 point rally by
the Dow. The Vix did give one sell signal on Friday.

So, the market should be near a short term top. The key on
Monday will be holding above the initial support areas. The
2 day rally from Thursday's lows has been steadily to the
upside, with drops no more than 11 to 12 points on the ES
being bought aggressively. The 60 period ema on the 5 minute
chart (or a 20 ema on a 15 minute chart, it's relatively the
same) has held on the pullbacks. If that is broken and not
quickly reversed, then the trends could be rolling over. If
that occurs, then the pops that fizzle will set up the
better opportunities. However, if a pullback can reverse
from the initial support, then the market is still "okay"
and the dips are better buying opportunities when the
pullbacks stall and begin to turn back up.

If the market opens higher on Monday, it should set up a
shorting opportunity as soon as the move reverses. If that
plays out and we get an 11-12 point pullback on the ES that
also holds over the initial support areas, then it should
set up a reversal back up. Aside from that, both sides will
be in play unless the initial support is broken and held.



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

868.50-869.75
871.75-872.50
876.00-877.00 *key*
881.50-882.00
887.50-888.25 *short term major*


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

860.50-859.75 *pivotal*
854.25-853.75
849.25-848.50 *key*
843.00-842.50
836.75-836.25


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

1279.25-1280.00
1284.00-1285.00
1289.25-1290.50
1296.50-1297.25


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

1266.25-1265.50
1257.00-1256.25
1250.00-1248.75
1241.00-1239.50
1230.25-1229.50


March 2009 Dow futures resistance
symbols: emini = ymh9

8278-8282
8304-8308
8351-8359
8398-8402


March 2009 Dow futures support
symbols: emini = ymh9

8200-8197
8146-8142
8088-8082
8039-8034
7965-7961


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

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 02/05/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 5 / 2009

(Published Since 1996)

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


Dateline: 6:29 pm eastern time, 2/5/2009


The market gapped down on Thursday, and after a small pop
the ES dropped to 816.75 before getting some footing. With
the downside stalling out, the market reversed course and
ran up to 837.75 on the ES by 11am. A little triangle was
broken on the upside and the ES rallied up to test the
Wednesday high reaching 847.75 just after noon. After a dip,
the ES bounced to a lower high at 846.50 and reversed,
setting up a 123 top formation. The ES broke but only
dropped 7.75 points to 838.75 before the bulls stepped back
to the plate. The market turned back up and the ES reached
849.00 and the move fizzled. That area was rejected for the
second time in 2 days, and the market backed off again. The
Dow cash held at 8005 while the ES held 836.75 and the
market bounced back before sagging into the close.

We get the Employment data before the open on Friday. The
initial resistance areas could be short term tops, and need
to be exceeded and held if the market is to make any more
headway. The market will need to hold the initial support
areas to hold to avoid trouble. If they don't hold, then the
double top at 849.00-849.50 will be a short term top of some
sort and the market could undergo a pretty hard selloff.
However, if the market can stay over the initial support,
then the bulls will have a chance to try to take out the 850
level on the ES. If that happens, the market should either
poor it on with new buying, or quickly reverse. If the 850
level is broken, and the upside picks up steam, a rally back
towards the 866.00-866.50 area on this leg up is possible.

Look for the early emotional move to be reversed in the
first
20-40 minutes of trading on Friday. If the market pops up
and reverses under the initial resistance zones, it should
set up a good shorting opportunity. On the other side of the
coin, if the market opens lower but can reverses from
around the initial support areas, then a decent trade on the
long side could set up. Until that range is resolved, both
sides will be in play.


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

849.00-849.50
853.75-854.00
859.75-861.25
866.00-866.50

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

836.75-836.25
832.75-832.00
826.00-825.25
817.50-816.75

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

1258.50-1259.25
1264.00-1265.00
1270.50-1272.00
1277.50-1278.50

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

1230.25-1229.50
1225.50-1224.75
1208.75-1207.75
1199.25-1198.25

March 2009 Dow futures resistance
symbols: emini = ymh9

8067-8072 - and 8100 area on Dow cash
8112-8118
8165-8169
8221-8228

March 2009 Dow futures support
symbols: emini = ymh9

7965-7961
7922-7917
7889-7883
7804-7799

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

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 02/04/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 4 / 2009

(Published Since 1996)

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


Dateline: 6:53 pm eastern time, 2/4/2009


The market opened higher on Wednesday and the ES made a
parabolic move to 849.50 in the first hour of trading. The
move fizzled just under the 850.00-850.50 zone and then
rolled over and fell to 826.00 with about 90 minutes left in
trading. The bounce couldn't clear 834 on the ES and 8000 on
the Dow cash, and a pullback to 828 on the ES and 7950 on
the Dow followed as the market churned into the close.

The market is acting poorly, still, and this time the
pullback may not be so easily bought. We get the Initial
Claims before the open on Thursday, and on Friday we get the
Employment data before the open. The indicators are in
neutral ground, and there is a number of good resistance
areas above. Right now the market is vulnerable unless the
833.50-834.00 area on the ES and 8000 level on the Dow cash
are both cleared, and held on a pullback.

Unless the market can get over and stay over those levels,
the pressure should be on the downside in to Friday/Monday.
This could mean a trip to the lower 800's again on the ES.
If the market gets a sharp drop into that Friday/Monday
timeframe and the indicators get oversold, we could then be
looking at a good trading low in place. For now, the path of
least resistance is to the downside, and shorting the
bounces as soon as they fizzle should offer the better
opportunities. If the ES gets down to the 812.75-812.00 area
and can not reverse, then it's possible we could see another
test or break of 800 on the ES before this downdraft is over
and the repair work begins.



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

827.50-828.50 - if there is a gap down
833.50-834.00
840.75-841.50
849.50-850.25

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

824.00-823.50
818.00-817.25
812.75-812.00
809.50-808.50
801.50-800.50
794.00-792.50


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

1211.25-1212.50 - if a gap down
1221.00-1221.75
1230.75-1231.75
1240.50-1242.50


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

1192.25-1191.25
1187.75-1187.00
1177.75-1176.50
1172.50-1171.75
1166.50-1165.50
1154.00-1152.50


March 2009 Dow futures resistance
symbols: emini = ymh9

7894-7897 - if a gap down
7953-7958
8026-8033
8083-8088


March 2009 Dow futures support
symbols: emini = ymh9

7881-7877
7817-7813
7752-7748
7717-7712
7638-7632
7563-7557


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

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 02/03/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 3 / 2009

(Published Since 1996)

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


Dateline: 6:18 pm eastern time, 2/3/2009


Early strength was sold on Tuesday, as the ES popped up and
reversed from 827.75 (right at the 827.75-828.50 initial
resistance) and dropped to 818.00 in the first 30 minutes of
trading. A bounce to 829.25 was quickly reversed and unable
to hold the key resistance, the ES pulled back to 821.50 by
early afternoon. The market turned choppy, then just after 2
pm the ES shot higher. The break and hold over 828.50 led to
a rally that didn't run into trouble until the ES reached
839.75. Profit taking came in and the ES dropped to 831.25
in the final minutes of futures trading.

It looks like the market has found a bottom for awhile, as
the market reversed from its oversold condition on Tuesday.
However, the upside looks like it might have difficulty
staying up here. The market may have put in a minor trading
top just under 840 on the ES, as the futures dropped into
the close and settled about 4 points under fair value on
Tuesday. The early going should be key for the day and tell
us whether we go back into a trading range or extend the
move higher or lower.

If there is an early rally that stalls and reverses from
just under the initial resistance, it could set up a 1-2-3
top and we could get another decent pullback. However, if
the market gets through the Tuesday high areas and there
isn't a quick reversal, then a move towards the 847.50-
848.25 area on the ES could be in the works.

If we get a pullback early on Wednesday, then prices will
need to stay over the initial support areas to avoid
trouble. If those are broken, then a drop back towards the
8000 level on the Dow cash could occur. That level would
need to hold, or quickly reverse if broken, to keep the
market afloat. If broken, then the 821 area on the ES and
the 7950 area on the Dow cash will be the key support areas
that would need to be reversed, otherwise we could nose-dive
into Friday.



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

839.50-840.00
847.50-848.25
850.00-850.50
859.75-861.25


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

830.00-829.50
822.00-821.50
818.00-817.25
812.75-812.00
809.50-808.50
801.50-800.50
794.00-792.50


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

1217.75-1218.25
1225.75-1227.25
1230.75-1231.75
1240.50-1242.50


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

1205.75-1205.00
1192.25-1191.25
1187.75-1187.00
1177.75-1176.50
1172.50-1171.75
1166.50-1165.50
1154.00-1152.50


March 2009 Dow futures resistance
symbols: emini = ymh9

8063-8069
8141-8147
8161-8166
8247-8254


March 2009 Dow futures support
symbols: emini = ymh9

7977-7973
7895-7889
7853-7848
7817-7813
7798-7794
7772-7767
7738-7731


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

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 02/02/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 2 / 2009

(Published Since 1996)

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


Dateline: 6:24 pm eastern time, 2/2/2009


The market gapped down on Monday, then after trading in a
range for about 30 minutes, the market reversed to the
upside. It was two-sided action with choppy trends in both
directions, but the ES found the 828.00-828.50 resistance
area (and 8000 on the Dow cash) too tough to break. A double
top just under that zone occurred in the last hour and the
market backed off into the close.

The market had decent swings both ways on Monday. These were
the swings of 4+ points on the ES on Monday:

808.75
821.75 +13.00
814.00 -7.75
827.75 +13.75
812.75 -15.00
827.50 +14.75
820.00 -7.50

The market just cannot hold on to its gains, and on Tuesday
we should see action similar to what occurred on Monday. The
key test on the upside, if the market can get up there
again, will likely be at the 827.75-828.50 resistance area
on the ES. The market is vulnerable unless/until that
resistance is broken, along with 8000 on the Dow cash. If
the bulls can overtake those obstacles and not give it back,
then a decent run towards the 837.50-838.00 area could be in
the cards before running into trouble again.

The key test on the downside would occur on a drop back to
the 812.75-812.00 support area. If the market slides back to
that area and it isn't reversed, then the 809.50-808.50 area
will most likely become a magnet. If that 808.50 level isn't
quickly reversed, then a bit of panic selling could open the
door for a drop towards the 801.50-800.50 area on the ES
again. If the market gets down there again, there will need
to be a reversal with some vigor beginning soon thereafter.

Now, if that 800 level is broken and the ES cannot quickly
reverse back up through 800, then we could head back towards
the low 790's on this leg down. However, if the ES breaks
800.00 and then reverses back up through that 800 level, it
would be a good time to begin scaling into long positions on
the SP500 futures or proxies. If that setup occurs, the
reward/risk should be pretty good for an oversold bounce
unless the market is somehow crashing from out of the
basement.



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

827.75-828.50
837.50-838.00
847.50-848.25
850.00-850.50
859.75-861.25


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

816.50
812.75-812.00
809.50-808.50
801.50-800.50
794.00-792.50


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

1201.50-1202.50
1212.75-1214.25
1225.75-1227.25
1230.75-1231.75
1240.50-1242.50


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

1177.75-1176.50
1172.50-1171.75
1166.50-1165.50
1154.00-1152.50


March 2009 Dow futures resistance
symbols: emini = ymh9

7939-7942
8057-8062
8141-8147
8161-8166
8247-8254


March 2009 Dow futures support
symbols: emini = ymh9

7817-7813
7798-7794
7772-7767
7738-7731


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

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 02/01/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 1 / 2009

(Published Since 1996)

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


Dateline: 3:51 pm eastern time, 2/1/2009


The market opened higher on Friday, but the ES reversed from
the 60 ema on the 5 minute chart and it started a drop of 23
points from 848.75 down to 825.75 in a trend-down move. A
bounce into mid-day also reversed around that 60 ema, and
the ES fell to 817.50 before a bounce into the close.

The market rallied into mid week last week, breaking out of
a trading range on Wednesday. However, after giving a "heads
up" that the odds were in favor of the bears on Wednesday
night, the SP500 dropped 48 points on a closing basis. The
internal gauges have plunged from extreme overbought to
neutral in a hurry. The only thing not getting turned around
fast is the sentiment. The bulls are used to the selloffs
setting up buying opportunities lately, and with it not
happening yet, they may need a wake-up call in the form of a
drop under 800 again.

On Monday, the initial resistance needs to be cleared and
not quickly reversed, to put a dent in the downside
momentum. If that occurs, then a short term trading low
could be in place and a decent bounce could occur. If it
does, be ready for a shorting opportunity when the upside
momentum fizzles. Even if we get a bounce attempt, shorting
the pops should still offer the better opportunities on
Monday.


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

828.00-828.50 *pivotal*
837.50-838.00 *key*
848.25
850.00-850.50
859.75-861.25
866.00-866.50


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

816.25-815.75 *key*
812.75-812.00
801.50-800.50 *major*
797.50
794.00-792.50


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

1188.50-1189.50 *pivotal*
1198.50-1200.25
1214.25
1216.00-1216.75
1219.00-1220.50
1227.25-1228.00


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

1173.00-1172.50
1166.50-1165.50
1154.00-1152.50
1142.25-1139.75


March 2009 Dow futures resistance
symbols: emini = ymh9

7992-7998 *pivotal*
8057-8062
8147
8161-8166
8247-8254
8308-8314


March 2009 Dow futures support
symbols: emini = ymh9

7902-7898
7866-7861
7772-7767
7738-7731


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

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