TradeStalker's RBI Update 05/28/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 28 / 2009

(Published Since 1996)

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

Dateline: 8:44 pm eastern time, 5/28/2009

In the early going on Thursday we were looking for a
potential shorting opportunity if the ES stalled/reversed
from around the 901.75-902.25 initial resistance. The ES
popped up on the open and then stalled and reversed from
902.50, and then the downside gained momentum as the ES fell
16.15 points to 886.25 in about 40 minutes. The market held
and turned up from a good support area and rallied into late
afternoon. The ES reached 908.25 with 90 minutes left in
stock trading and then chopped into the close.

The daily indicators are mostly neutral ground, however the
Vix did give 1 buy signal on Thursday. The market is still
resilient, and as long as the market continues to rebound
from every hole it digs itself into, the downside isn't
going to go too far. The action has been two-sided with the
end-of-month upside bias holding up. The market has acted
toppy but ended the day in a triangle pattern so the early
Friday action should be volatile.

On Friday look to short early strength when the upside
fizzles/reverses, especially if a pop up open reverses from
near the 907.75-908.50 area on the ES. If that plays out,
beware that the first good pullback should set up a
countertrend rebound as the two-way action continues.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

907.75-908.50
912.00-912.75
914.50-915.00
921.50-922.50


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

901.50-901.00
892.00-891.50
886.50-886.00
882.50-882.00
877.75-876.75


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1423.75-1424.00
1428.00-1428.75
1432.50-1433.50
1443.50-1444.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1415.00-1414.50
1398.25-1397.25
1394.00-1393.25
1385.75-1384.50
1377.75-1376.50


June 2009 Dow futures resistance
symbols: emini = ymm9

8423-8428
8483-8487
8514-8518
8539-8543


June 2009 Dow futures support
symbols: emini = ymm9

8361-8357
8258-8252
8230-8225
8206-8201
8168-8164

CLICK HERE for FREE Trading Articles and Videos!
---------------------------

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 05/27/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 27 / 2009

(Published Since 1996)

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

Dateline: 8:28 pm eastern time, 5/27/2009

We expected 2-sided action on Wednesday, and the first setup
was to short early strength that reversed. After popping up
to 912.75 on the ES 30 minutes into trading, the ES reversed
and then dropped 8 points to a 904.50 low. The market then
turned choppy and after the ES made a double top and
reversed, selling started and the market rolled over and
sold off steadily into the close.

The rallies are not holding, and the big reversal looks like
a precursor to more downside at the moment. The ones who
were so eager to get long near the highs are now under water
on positions and it shouldn't make for an easy rally. If the
initial support is broken on Thursday, the market will need
to reverse and get back over those areas to avoid another
sharp downdraft. On the upside, a move over the 901.75-
902.25 area on the ES and the 1413.75-1414.50 area on the NQ
is needed to arrest some of the downside momentum and set up
a two-sided trading day again.

In the early going on Thursday look for early weakness to be
reversed in the first 20-40 minutes to set up a tradable
bounce as soon as the market gets turned back up. If that
plays out and there is a decent rebound, the move should set
up a better shorting opportunity on a stall/reversal from
around the initial resistance areas.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

901.75-902.25
906.75-907.50
912.00-912.75
914.50-915.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

891.00-890.25
888.50-888.00
882.50-882.00
877.75-876.75


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1413.75-1414.50
1419.75-1421.00
1428.00-1428.75
1432.50-1433.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1398.25-1397.75
1394.00-1393.25
1385.75-1384.50
1377.75-1376.50


June 2009 Dow futures resistance
symbols: emini = ymm9

8368-8372
8420-8423
8483-8487
8514-8518


June 2009 Dow futures support
symbols: emini = ymm9

8277-8273
8255-8251
8206-8201
8168-8164

CLICK HERE for FREE Trading Articles and Videos!
---------------------------

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 05/26/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 26 / 2009

(Published Since 1996)

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


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


The market gapped down on Tuesday, as the ES opened just
over the key 877.75-876.75 area reversed, and then the
Consumer Confidence data sparked more buying. The market
went into trend-up mode until reaching the 910-911 area on
the ES, and a pullback to updated support at 906.25
followed. A bounce to 909.00 failed and the ES went down to
904.50 before bouncing again. That move also failed, and the
ES fell to 903.25 with 15 minutes left in stock trading. An
end
of day move took the market back near the highs.

That 877.75-876.75 area on the ES has been a rock solid
area, and after it was defended the market certainly was
helped by the Consumer Confidence surprise. Getting a move
to stick after a 32.75 point move on the ES should be
difficult, so 2-sided action is likely. On Wednesday look
for an early pop that reverses to set up a good shorting
opportunity. If that plays out, beware that the first decent
pullback should set up a buying opportunity after the
downside momentum fizzles and turns back up. Unless
something unexpected occurs the end-of-month upside
bias should be in effect.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

910.50-911.00
914.50-915.00
918.25
923.00-924.00

June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

903.50-903.00
895.75-895.00
888.50-888.00
882.50-882.00
877.75-876.75


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1414.00-1414.50
1418.50-1419.50
1423.50
1428.50-1429.50

June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1404.00-1403.25
1397.50-1396.25
1389.00-1388.25
1380.75-1378.50
1374.75-1373.50

June 2009 Dow futures resistance
symbols: emini = ymm9
8480-8485
8514-8518
8559
8576-8579

June 2009 Dow futures support
symbols: emini = ymm9

8411-8407
8376-8371
8285-8281
8245-8242
8206-8201

CLICK HERE for FREE Trading Articles and Videos!

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

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 05/25/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 25 / 2009

(Published Since 1996)

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


Dateline: 11:12 am eastern time, 5/25/2009

The ES popped up on Friday's open and it was sold at the
890.00-891.00 initial resistance zone. The ES dropped from
890.75 to the 882.00 key support before turning back up. The
market bounced back, but lost momentum at the 895.25-896.00
resistance zone. That was a lid on the bounce, and after
reaching 895.50 with 45 minutes left in stock trading,
selling came in and took the market back into the loss
columns by the close. The ES reached 883.25 before a small
bounce into settlement.

The ES made an inside day on Friday. The market has been
range bound after falling from 927 on the ES. The 923 to 878
area is the general area and a convincing break out of the
range is needed to get a new trend in force. The internal
gauges still look poor. In addition, the McClellan
Oscillator had a tiny 2 point change on Friday. That tends
to precede a sizable move. Given the recent action, the odds
favor more to the downside. If there is a solid break of the
877.75-876.75 area on the ES, it could have another 15
points to go on the downside before getting a bounce.

On Tuesday look for early strength that fizzles around the
initial resistance to set up a shorting opportunity. If that
plays out and the market breaks the 882 level, then the
double bottom at the 5-15 and 5-21 lows on the Dow and SP500
should be tested or broken. There is still an unfilled gap
just under last week's lows down at 8212.41 on the Dow cash
and 877.52 on the SP500 cash. If the market breaks those, it
will need to reverse quickly in order to avoid a drop
towards the 873.00-872.50 at a minimum. However, if the
market doesn't follow through on the downside, and instead
holds over the 895.00-895.50 resistance area on the ES, then
the bulls could run the market back towards the 914-915 area
one more time.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

889.00-889.50
895.00-895.50
899.50-900.25
906.50-907.50
914.50-915.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

882.50-882.00
877.75-876.75
873.00-872.50
868.25-867.50
854.00-852.00 **major zone**


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1369.50-1370.50
1379.00-1380.00
1386.25-1387.50
1394.75-1396.50
1411.00-1411.75


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1353.00-1352.25
1347.75-1346.50
1339.00-1338.25
1330.50-1329.75


June 2009 Dow futures resistance
symbols: emini = ymm9

8305-8309
8349-8353
8393-8397
8451-8458
8511-8514


June 2009 Dow futures support
symbols: emini = ymm9

8245-8242
8206-8201
8183-8178
8141-8137


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

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 05/21/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 21 / 2009

(Published Since 1996)

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


Dateline: 8:11 pm eastern time, 5/21/2009


The ES reached the 877.25-876.75 before
rallying into the close on Thursday. The double
bottom should be taken out if the 882 area isn't
held. Stay with the short side as the 852-850
area on the ES could be seen on this leg down.

Enjoy the long weekend!


June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

890.00-891.00
895.25-896.00
899.75-900.25
906.50-907.50


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

882.50-882.00
877.25-876.75 *key*
872.50-872.00
867.75-867.00


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

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 05/20/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 20 / 2009

(Published Since 1996)

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


Dateline: 8:18 pm eastern time, 5/20/2009


Thanks to all of you who sent nice emails wishing me well.
It was very kind of you all, and certainly lifts the sprits.
This is a regular update tonight, and hopefully there will
be another on Thursday night. I am still unable to do
intraday updates (before 3 pm anyway) until next week.

It looks like the top came about 30 minutes and 8 ES points
higher than I thought on Wednesday. The ES opened higher and
broke/held the 914.50-915.00 resistance on the way to a
923.50 high. The ES rolled over and dropped to 907.00 by
early afternoon, and then bounced back to that 914.50-915.00
area again. The bounce reversed and the market sold off to
make its lows at the close.

The internal gauges are not looking good up here on the test
of the highs. The sentiment is too bullish and complacent,
and the Vix did give 3 of 5 sell signals from my work. The
close order 905 on the ES puts a chink in the bullish
pattern, and instead starts a possible 1-2-3 top from up
here.

So, it looks like a break/hold back over the 914.50-915.00
area is needed to avoid trouble on Thursday. A pop up to the
initial resistance that stalls/reverses would set up a very
good shorting opportunity. If there is drop back towards the
886.25-885.50 area and it isn't quickly reversed, then the
877.25-876.75 zone or lower is likely in the cards on this
leg down.



June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

906.50-907.50
914.50-915.00
918.25
923.00-924.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

895.00-894.50
886.25-885.50
880.00-879.50
877.25-876.75 *key*
872.50-872.00


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1400.00-1400.50
1411.00-1411.75
1419.00
1422.50-1423.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1382.00-1381.00
1373.00-1372.50
1366.75-1366.00 *key*


June 2009 Dow futures resistance
symbols: emini = ymm9

8451-8458
8511-8514
8559
8576-8579


June 2009 Dow futures support
symbols: emini = ymm9

8368-8362
8274-8272
8238-8234
8211-8206 *key*


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

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 05/17/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 17 / 2009

(Published Since 1996)

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


Dateline: 5:06 pm eastern time, 5/17/2009

On Friday we wanted to short a pop into the 893.50-894.00
area on the ES, and the market gave us a pop to 893.75 in
the opening minutes that fizzled and the ES dropped to
886.50 in less than 7 minutes. Another bounce to 895.50 was
reversed, and the market went to test the Thursday low. A
bounce from 880.25 didn't stick and the ES fell to the
877.50-877.00 zone before reversing. The market held that
level and bounced back into the close.

**NOTE: Due to physical reasons, I need to be away
for
several days. There will not be any intraday updates
this week. There won't be another nightly update until
possibly Wednesday night. My apologies. Hopefully
things will be back to normal quickly.**

The market ended Friday with a wedge type of pattern that
could give a test or break of the Friday lows. The Nasdaq
weakened again compared to the blue chips and that
divergence at the highs was a clue that selling was coming.
This week the market will probably have some trouble holding
gains again. If this drop can go down towards the 868.25-
867.50 area on the ES, and hold and reverse from that area,
it could start a good rally. However, if that area is
broken, then we will probably see the ES back in the 850's
on this leg down. IF 831 is broken this week and the ES
turns up through 831 then it's a buy with a fairly tight
stop.

On Monday look to short early strength, then if a drop can
hold/reverse from Friday's lows the market could get a
double bottom bounce going. If not, then it's more trouble.
A break and hold over the 884.00-884.75 zone on the ES is
needed to arrest some downside momentum.

**NOTE: Due to physical reasons, I need to be away
for
several days. There will not be any intraday updates
this week. There won't be another nightly update until
possibly Wednesday night. My apologies. Hopefully
things will be back to normal quickly.**


June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

884.00-884.75
889.25-889.75
895.50-896.00 **key**
902.50-903.25
906.50-907.50 **pivotal*
914.50-915.00 **strong**


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

880.00-879.50
877.25-876.75 *key*
873.00-872.50
868.25-867.50 *major*
852.50-852.00 *major zone*


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1359.50-1360.00
1366.50-1367.50
1372.50-1373.00
1379.75-1380.50
1386.25-1387.00
1395.50-1396.00


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1351.00-1350.00
1343.75-1343.00 *key*
1339.00-1338.25
1330.50-1329.75 *major*


June 2009 Dow futures resistance
symbols: emini = ymm9

8270-8273
8340-8344
8374-8379
8443-8448
8484-8488
8542-8549


June 2009 Dow futures support
symbols: emini = ymm9

8238-8234
8211-8206 *key*
8188-8183
8141-8137 *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 05/14/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 14 / 2009

(Published Since 1996)

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


Dateline: 6:19 pm eastern time, 5/14/2009


The market opened higher on Thursday but the strength was
sold as the ES dropped from 887.50 to 880.50 in the first 30
minutes of trading. The initial support areas held and after
reversing the market got in a buying mood and took the ES up
to the 894.00 level. The move fizzled and the market backed
off into early afternoon. The 888 level was reversed around
1 pm and the ES rallied to 896.75 before fizzling. A drop
back to test that 888 area held but the market still closed
on a down-swing.

The ES made a base at the 880.50-880.00 area on Wednesday
and Thursday morning, and that gave a good bounce. However,
with the market giving us the two-sided action expected on
Thursday, the inability for a rally to stick despite being
short term oversold is not a good thing for the market. The
Dow, SP and Nasdaq cash and futures all made slightly higher
highs than on Wednesday, then promptly turned back down. In
addition, the sentiment seems very complacent up here,
despite the market reversing late in the day.

On Friday the downside should set up the better
opportunities as it looks like there is unfinished business
on the downside. The initial resistance at the 893.50-894.00
area shouldn't be exceeded (and held, not a quick reversal)
if the market is going to be weak. If the market pops up
there on the open and stalls/reverses in the early going, it
would set up a good shorting opportunity for another decent
sized move to the downside.

On the downside, if the initial support is broken, then the
Thursday high will likely not be seen and a move back
towards that 880.75-880.00 area would be a key test of the
market's mood short term. If there is not a quick reversal
back up through the 880.00-800.50 area if it's broken, then
selling pressure could pick up steam. In order to avoid
bigger picture damage, holding the 870 area on the SP500
cash, or around the 868.25-867.50 zone on the ES would be
necessary if there is a hard selloff on Friday. If it
doesn't, then the ES probably will have a date with the old
852-850 area on this leg down.



June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

893.50-894.00
896.50-897.00
902.50-903.25
907.00
911.50-912.25
914.50-915.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

888.50-888.00
880.75-880.00
877.50-877.00
873.00-872.50
868.25-867.50


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1362.50-1364.00
1368.00-1369.00
1376.75-1378.50
1384.50
1391.50-1392.50
1395.50-1396.00


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1351.00-1350.50
1343.75-1343.00
1339.00-1338.25
1330.50-1329.75
1324.75-1322.75


June 2009 Dow futures resistance
symbols: emini = ymm9

8325-8327
8345-8349
8403-8407
8445
8481-8486
8504-8509


June 2009 Dow futures support
symbols: emini = ymm9

8283-8279
8250-8245
8220-8216
8188-8183
8141-8137


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

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 05/13/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 13 / 2009

(Published Since 1996)

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

Dateline: 6:20 pm eastern time, 5/13/2009

The market gapped down on Wednesday and after about 30
minutes of trading there was a pop to the upside. The ES
reached 895.50 and it filled the gap on the daily chart and
then the move fizzled and reversed. The market went trend-
down to the 880.00 level on the ES by 1 pm and then the
market chopped back and forth for the last 3 hours of
trading.

After looking toppy last week after reaching 927 on the ES,
the market dropped 3 straight days and is now getting short
term oversold. It looks like if the initial support is held
on Thursday, a decent rebound could begin. However, if the
Wednesday lows are broken, and not quickly reversed, then we
could see a drop towards the 873.00-872.50 zone on the ES.
If that isn't held, then the 868.25-867.50 zone would be a
major area to hold. If the market cannot defend that area
then a big down day could be in the cards.

Since the market looks like it has topped out, look for a
decent rally to be sold once the upside momentum fizzles. If
the market opens lower and reverses back up, then look for a
trading opportunity on the long side. If that plays out,
don't get married to the long side. A rally back towards the
899.25-899.75 area on the ES that stalls/reverses should set
up a good shorting opportunity.


June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

886.25-886.75
890.50-891.00
895.00-895.50
899.25-899.75
902.50-903.25


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

880.75-880.00
873.00-872.50
868.25-867.50


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1347.50-1348.25
1352.75-1354.50
1359.75-1360.25
1365.75-1366.50
1372.75-1374.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1339.00-1338.25
1330.50-1329.75
1324.75-1322.75


June 2009 Dow futures resistance
symbols: emini = ymm9

8300-8304
8337-8341
8376-8381
8403-8407
8433-8437


June 2009 Dow futures support
symbols: emini = ymm9

8342-8337
8288-8283
8241-8237

CLICK HERE for FREE Trading Articles and Videos!

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 05/12/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 12 / 2009

(Published Since 1996)

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

Dateline: 6:56 pm eastern time, 5/12/2009

The ES popped up on the open on Tuesday and reversed from
just under the 914.50-915.00 key area, and that started a
trend down move to 894.00 on the ES. There was support at
the 894.00-893.50 zone, but the market proved itself by
breaking through the 901.25 level. That brought in more
buying and the ES ran up to 912.25 before pulling back to
903.25 before the close.

The market looks like it is stuck in a trading range right
now. Bids will likely dry up after a decent run-up, but give
a decent sized pullback and the move turns into a buying
opportunity. So for now look for shorting opportunities when
a rally fizzles/reverses, but then look for a buying
opportunity if the ES gets into the 890's and can turn
around.

On Wednesday we get Retail Sales before the open. It looks
like the initial support needs to hold to keep the trends
from rolling back over. Another two-sided day is possible,
so look for a buying opportunity if there is a deep pullback
that can reverse. On the top side, the 914.50-915.00 area on
the ES has been rejected several times since falling from
the 927.75/927.00 double tops. That 914.50-915.00 area would
need to be exceeded, and not quickly reversed, in order to
get the momentum back in favor of the bulls again. If there
is a rally to a lower high than 927 (around 920 ideal) that
then reverses on a daily chart, then a bigger picture top
could be in place. If instead the ES drops back to around
the 898.25-897.50 area and holds, then that could set up a
good buying opportunity unless something occurs to scare the
market.


June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

912.50
914.50-915.00
918.50-919.00
921.50-922.00
927.50-928.00

June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

903.25-902.50
898.25-897.50
894.00-893.50
889.50-889.00

June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1392.50
1395.50-1396.00
1400.75-1401.50
1407.00-1407.75
1421.00-1421.75

June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1373.25-1372.50
1368.00-1367.25
1362.50-1361.50
1352.50-1351.50

June 2009 Dow futures resistance
symbols: emini = ymm9

8481
8491-8495
8528-8532
8552-8556
8589-8594

June 2009 Dow futures support
symbols: emini = ymm9

8413-8409
8362-8358
8330-8327
8292-8288


Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

TradeStalker's RBI Update 05/11/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 11 / 2009

(Published Since 1996)

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

Dateline: 6:03 pm eastern time, 5/141/2009

The market opened the week with gap down opens on Monday.
The ES opened down 12.50 points and kept falling until 20
minutes had passed, and from a low at 905.75 on the ES (and
1367.25 support on the NQ) the market bounced back 10.75
points on the ES up to 916.50. The move fizzled there and
the ES fell back to 908.00 by early afternoon. Buying came
in and took the market back towards the highs, but the ES
reversed just under the 915 level. In choppy action the ES
dipped to 910.50 and popped to 914.50 and then dropped to
match the 905.75 on the ES just before the close.

The market acted toppy late last week and the Monday selloff
could be the start of something that lasts a few days for a
change. If not, the upside will probably be limited and the
volatility should pick up. The ranges were narrow again on
Monday, and the volume was light, so after the early going
buyers pulled bids for the most part. It was not and kind of
urge to bail out by the bulls. The Vix gave 2 repeat sell
signals on Monday, while most of the other internal gauges
are backing away from short term overbought extremes.

The SP500 cash didn't close under 907 yet, so that keeps the
market from breaking down bigger picture. On Tuesday, if the
ES tests and reverses from the 903.25-902.50 area on the ES,
it could set up a decent bounce IF the market is going to
avoid another bad day. If the market drops early and then
bounces, but the move still can not break and hold over the
914.50-915.00 area, then the bounces will set up better
opportunities on the short side as the path of least
resistance should still be to the downside.

On Tuesday, look for early weakness that reverses from the
903.25-902.50 area on the ES to set up a trade on the long
side. If that plays out, beware that the first decent bounce
should set up a good shorting opportunity on a
failure/reversal from under that 914.50-915.00 area. If the
903.25-902.50 area on the ES isn't held, or quickly reversed
if broken, then the pressure could be on and a retreat back
towards the 880s is likely in the works.


June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

914.50-915.00
918.50-919.00
921.50-922.00
927.50-928.00

June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

905.75
903.25-902.50
898.25-897.50
894.00-893.50
889.50-889.00

June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1409.50-1410.00
1415.50-1416.50
1421.00-1421.75
1428.00-1429.50

June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1391.75
1387.00-1386.25
1376.50-1375.25
1368.50-1367.25
1362.50-1361.50

June 2009 Dow futures resistance
symbols: emini = ymm9

8445-8450
8491-8495
8517-8521
8552-8556

June 2009 Dow futures support
symbols: emini = ymm9

8369
8357-8354
8315-8311
8292-8288
8258-8252


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)


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 05/10/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 10 / 2009

(Published Since 1996)

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

Dateline: 4:02 pm eastern time, 5/10/2009

The market started the week on a soft note, but the market
rallied back to new highs for the move on Wednesday and
Friday. The market had gap opens almost every day, and on
Friday the upside stalled and reversed about 20 minutes into
trading. A drop from 923.75 to 909.75 was over about an hour
into the trading day, and then a trend up grind followed.
After getting through 923 on the ES, a sprint to the 927-928
zone occurred but the move was sold into. A pullback to
920.50 occurred and then the market firmed into the close.

The Nasdaq 100 didn't keep up with the blue chips to end the
week, but the SP500 and Dow made new highs for this leg up.
The market has been surprisingly resilient. However, with
the ES closing up 17.75 points while the NQ closed down 5.00
points on Friday, that divergence might be telling. This is
one of the strongest and longest rallies since something
similar happened in 2001. If there is going to be a sizable
correction, or break down of this current rally, it looks
like the SP500 cash needs to close under 907. The market
could be topping out up here, however unless/until there is
a close back under 907, then a drop is just a pullback in an
uptrend.

On Monday look to short early strength if it stalls/reverses
in the first 20 to 40 minutes of trading. If that plays out,
then it looks like the bulls need to hold the 918.50-918.00
area on the ES, or quickly reverse if that is broken. If it
doesn't hold, then the bounces will likely make good
shorting opportunities down towards the 910.50-909.75 area.
If the market falls much further than that, then it will be
in danger of a bigger picture top. If the market opens lower
on Monday instead, beware of a reversal back up to trade in
the early going. That bounce should fail around the Friday
highs if there is going to be a pullback. If the move
fizzles after making a higher high than on Friday, then it
should offer a good shorting opportunity.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

927.50-928.00
931.50-932.00
937.75-938.25
942.50-943.50


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

918.50-918.00
910.50-909.75
908.00
903.25-902.50
898.25-897.50


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1401.00-1402.00
1407.50-1408.25
1415.50-1416.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1385.25-1384.50
1375.75-1375.00
1372.25
1367.00-1366.25
1359.50-1358.50


June 2009 Dow futures resistance
symbols: emini = ymm9

8552-8556
8589-8594
8639-8643


June 2009 Dow futures support
symbols: emini = ymm9

8474-8470
8418-8413
8396
8357-8354
8315-8311


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

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 05/07/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 7 / 2009

(Published Since 1996)

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

Dateline: 6:28 pm eastern time, 5/7/2009

We were shorting early strength again on Thursday and like
yesterday there was a gap up open at resistance to "fade".
The ES gapped up to the 926.00-926.50 zone and a reversal
from 926.75 made a nice early trade by dropping 20 points in
just over an hour. The lunch-time bounce didn't stick and
with our focus on the short side, the rollover from 912.75
started another wave of selling. The 898.25-897.50 support
was reached and the ES bounced 10 points from the 898.00
low.

The last 2 days the market gapped up to new highs for the
move and both moves were sold. That action might be a sign
of things changing. The sentiment shifted from overly
bullish to more cautious on Thursday. In addition, the
reversal on the Vix gave 3 of 5 possible sell signals in my
work, after giving one of the 3 at Wednesday's close.

In any case, we get the Employment data on Friday before the
open. The market is still vulnerable, but after dropping
about 29 points off of the Thursday morning high AND holding
at a pretty important support area, there might be another
run-up before the market finds a top. If the ES now rallies
to a lower high and then reverses, it could set up a bigger
picture 1-2-3 topping pattern.

That said, if the Employment numbers (or revisions) are not
good and the market gets smacked, we will likely get some
two-sided action on Friday. On Thursday the ES had an
outside day, reversing from both a resistance area on the
top and a support zone on the bottom. Look for an over-
reaction, especially one on the downside, to be reversed in
the early going. After that, beware that a rally will likely
have trouble holding, especially if there is a move that
fails under the 917-918 zone. A Friday close under the
898.00 level would be a negative, and lend more credence
that a topping pattern is forming.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

908.25
913.75-914.50
917.25-917.75
921.00-921.50
926.50-927.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

898.25-897.50
894.00-893.50
889.50-889.00
885.25-884.75


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1395.00
1402.00-1403.00
1406.75-1408.25
1414.50-1416.00
1424.00-1425.75


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1376.50-1375.25
1372.50-1371.50
1367.00-1366.25
1359.50-1358.50


June 2009 Dow futures resistance
symbols: emini = ymm9

8396
8425-8429
8477-8481
8496-8503
8536-8540


June 2009 Dow futures support
symbols: emini = ymm9

8315-8311
8292-8288
8258-8252
8197-8193

CLICK HERE for FREE Trading Articles and Videos!

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 05/06/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 6 / 2009

(Published Since 1996)

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


Dateline: 6:21 pm eastern time, 5/6/2009

We were shorting early strength and a gap up open at 910.75-
912.00 resistance gave a great entry. The ES turned down
from 912.50 and steadily fell to a dynamic support zone
(60ema on 5 minute RTH chart) and that acted as support 4
times on Wednesday. The bounce from the 901.25 low fizzled
after reaching 911.00, and the ES pulled back to the 60ema
on the 5 minute chart for the 3rd time. The ES turned up and
the 912 resistance finally was broken around 2 pm and a run
up to the 916.50-917.00 resistance followed. The ES reached
917.25 and fell to 908.00, reversing from that 60ema on 5
minute chart one more time, and then rallied into the close.

The market continues to be very resilient, although it did
back off from what should be decent resistance up at these
multi-month highs. The Nasdaq 100 made a 38.2% rally off its
intraday low, and didn't end the day in new high ground. The
SP500 cash reached 920.28, and a 38.2% rally from the 667
low is 921.50. This is the last logical resistance as I see
it until getting back towards the 943-944 area on the SP500
cash, the January 6th top. Given that the market is very
overbought, and finally showed signs of tiring out, the ES
needs to break out over the 921.00-921.50 area, and not
quickly reverse. A quick reversal would be expected, but if
it isn't quickly reversed, then there could possibly be a
bit more piling on the buy side. So, expect the reversal but
keep a pretty tight stop on shorts entered up there as a
hold over 920 could bring in more buying.

That said, the market will be okay unless it breaks and
holds under the initial support areas. If that area is not
held, then the trends could be rolling over. Look for early
strength to set up a shorting opportunity, especially if
there is a slightly higher high that reverses from around
the 921 area on the ES. If that plays out, beware that the
first decent pullback should set up a buying opportunity IF
the initial support is broken. If it is, then shorting the
pops that stall/fizzle should offer the better opportunities
as a short term high could be in place.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

918.00
921.00-921.50 *major*
926.00-926.50
934.00-934.50


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

908.50-908.00
902.25-901.25
898.25-897.50
894.00-893.50
889.50-889.00


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1431.00
1435.75-1437.00 *major*
1441.00-1442.00


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1412.50-1411.75
1407.00-1406.25
1399.50-1398.50
1392.50-1391.50
1387.00-1386.25


June 2009 Dow futures resistance
symbols: emini = ymm9

8479
8496-8503 *major*
8531-8536


June 2009 Dow futures support
symbols: emini = ymm9

8406-8401
8372-8369
8335-8332
8314-8311
8262-8258

CLICK HERE for FREE Trading Articles and Videos!
---------------------------

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 05/05/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 05 / 2009

(Published Since 1996)

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


Dateline: 5:34 pm eastern time, 5/05/2009

We had reasons to expect a weak market and wanted to short
early strength. The ES rejected the 904.50-905.00 resistance
zone twice, then it fell to 894.00 before reversing quickly.
That kept the market from rolling over, but a bounce back to
the 900.00 level turned into a lid. The ES backed off and
chopped to a lower low at 863.50 which quickly reversed
also. The bulls kept control and in the last hour buyers
took the ES up to 903.75 just before settlement.

The market continues to hold together. Right now it looks
like a top could be forming, but it will be a process and
take a day or two before things shape up. The trading range
for the ES was the narrowest since August 22, 2008 excluding
the day before and after last Christmas. Low volatility
usually leads to range expansion and, although its possible,
it's kind of hard to expect the market to kick in to another
melt-up type of move. At the moment, it looks like a move up
to the 921.00-921.50 area on the ES is the maximum upside
potential, while the downside has quite a bit more room if
there is something that shakes the market up a bit.

On Wednesday, look to short early strength if it
stalls/reverses in the first 40 minutes of trading. If that
occurs, then a pullback needs to hold the Tuesday lows. If
those are broken, and the market doesn't snap right back
again, then the topping process would likely be underway.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

904.50-905.00
910.75-912.00
916.50-917.00
921.00-921.50 **major**

June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

897.50
894.00-893.50 **key**
889.50-889.00
885.25-884.75


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1428.50-1429.25
1431.50-1432.50
1437.00-1438.50
1442.75-1443.50

June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1418.50
1407.00-1406.25
1402.00-1400.50
1392.50-1391.50

June 2009 Dow futures resistance
symbols: emini = ymm9

8394-8399
8426-8429
8461-8465
8496-8503

June 2009 Dow futures support
symbols: emini = ymm9

8332
8314-8311
8262-8258
8227-8223

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

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 05/04/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 4 / 2009

(Published Since 1996)

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

Dateline: 6:23 pm eastern time, 5/4/2009

The market had a gap-and-go open on Monday. The ES opened
about 5 points higher and kept on going until getting to
896.00 by around 11 am. The move stalled out and the market
pulled back but after reaching 889.00, the ES firmed back up
and a choppy grind higher began. The ES rejected the 898
level several times, but the pullbacks were shallow and that
level was blown through with 15 minutes left in stock
trading. The ES ran up to a 904.75 high as stocks closed on
their highs for the day.

The moon-shot on Monday put the market in a very overbought
status short term. The RBI Oscillator reached sell territory
on Monday, and the 3 day thrust is over +.50. When this
combo gets to extremes together, the market usually has
trouble making headway on the upside and more often than not
the market sells off. The only thing missing to make this a
high odds "fade" is no Vix sell signals.

In any case, there is a lot on the economic calendar at the
end of the week. The SP500 cash will have rallied 38.2%
intraday if it reaches 920.07, and 921.50 on the ES. The
levels are 1437.85 on the Nasdaq 100 cash and 1437.50 on the
NQ. That is possible if there is good follow through after
the early action on Tuesday.

On Tuesday we get the ISM Services 30
minutes into the trading day. Look to short early strength
as soon as the upside fizzles/reverses, especially if there
is a higher open that turns in the first 15-30 minutes on
Tuesday. If the market obliges and there is a decent
pullback early, then it should hold around the 895.50-895.00
area on the ES. As long as a pullback holds around that
area, or quickly reverses if broken by much, then the trends
will be rolling over.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

904.50-905.00
910.75-912.00
916.50-917.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

895.50-895.00
889.50-889.00
885.25-884.75
878.25-877.50


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1425.75-1427.00
1431.50-1432.50
1437.00-1438.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1417.00-1416.50
1412.50-1412.25
1407.75-1407.00
1402.00-1400.50


June 2009 Dow futures resistance
symbols: emini = ymm9

8383-8387
8426-8429
8461-8465


June 2009 Dow futures support
symbols: emini = ymm9

8318-8312
8302-8299
8262-8258
8192-8184


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

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 05/03/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 3 / 2009

(Published Since 1996)

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

Dateline: 5:14 pm eastern time, 5/3/2009

The market started last week with a selloff, but by Thursday
the averages made across the board recovery highs. On
Friday, the early game-plan was to get short on a pop over
and then break back down through the 870 level on the ES.
That set up about 30 minutes into the day, as the ES
reversed from 870.25 and then fell to 862.50 in about 15
minutes. The downside was reversed at that level, and then
the market traded back and forth. In the last hour buyers
stepped to the plate and the market rallied into the close.

The market certainly has been resilient. Every time the
market looks ready to fall apart, it gets itself turned back
around and puts together a decent rally. The daily
indicators are still not confirming the new high, and a few
short term gauges are now overbought. However, until there
is a change in trend on the downside, like a break and hold
under the 866.75-866.00 area on the ES, then the market will
be okay for another day. If that is broken and held on
Monday, then a topping process could be beginning as the
upside momentum seems to be stalling out.

On Monday look to get short into early strength that
fizzles/reverses. If that plays out, and the first decent
pullback can hold around the 871.50-871.00 area, then it
could set up another run to the upside. However, if that
area
isn't held, then the Friday afternoon lows need to hold or a
top could be in place.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

877.50-878.25
877.50-878.25
884.75-885.25
888.00-888.50


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

871.50-871.00
866.75-866.00
863.00-862.50
858.25-857.75
850.75-850.25
843.50-842.75


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1402.75-1403.50
1410.50-1411.25
1416.50-1417.50
1421.25-1422.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1391.25-1390.50
1386.25-1385.50
1382.00-1381.00
1377.75-1377.00
1368.50-1367.25
1354.25-1353.25


June 2009 Dow futures resistance
symbols: emini = ymm9

8188-8192
8209-8213
8250-8256
8284-8289


June 2009 Dow futures support
symbols: emini = ymm9

8126-8122
8082-8078
8052-8047
8018-8012
7956-7952
7885-7881


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

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 04/30/09

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

TradeStalker's

R.B.I. Trader's Update

4 / 30 / 2009

(Published Since 1996)

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


Dateline: 6:36 pm eastern time, 4/30/2009

The market opened higher on Thursday and after a quick
pullback the ES worked its way to 885.25 by late morning.
The upside lost momentum and buying dried up, and the market
rolled over. The selloff took the ES down to 867.00, and
then a bounce followed. After getting back to the 875.25
level, the move stalled out and the 60ema on the 5 minutes
chart turned into a lid. The fizzle and reverse after the
2nd push to 874.75 set up a little 1-2-3 pattern too and the
ES dropped to the 864.75 level with an hour left in trading.
The ES bounced back to 874.25 with 15 minutes left in stock
trading, but the move fizzled and the ES dropped back to the
864.75 low just before the close.

The End-of-Month settlement at fair value (which is useless
and should be done away with) had the ES settling at 870.00
and the NQ at 1393.50, which is quite a ways away from where
they last traded on Thursday. The market looks like it
topped on the last day of the month, or will if there
happens to be another run-up. The averages all rallied into
recovery high ground, but could hold the gains. This left
the break-out buyers on Thursday "holding the bag" so to
speak, and right before what should be a decent sized
selloff if the internal indicators are correct.

On Friday, the bounces should set up very good shorting
opportunities. It will take a break over the 874.50-875.25
area on the ES, the 1396.50-1397.50 area on the NQ, and the
8168-8175 area on the YM (that then holds, not quickly
reversed like on Thursday) for the market to avoid trouble.
If there is a move back over 870, and it then reverses back
down through that level, it would be a trigger for a
shorting opportunity. However, getting back up there would
be an unexpected gift by the looks of things at the moment.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

874.50-875.25
879.50-880.25
884.75-885.25
888.00-888.50


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

864.75-863.75
861.50
858.25-857.75
850.75-850.25
843.50-842.75


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1396.50-1397.50
1410.50-1411.25
1416.50-1417.50
1421.25-1422.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1387.75-1387.25
1382.25
1377.75-1377.00
1368.50-1367.25
1354.25-1353.25


June 2009 Dow futures resistance
symbols: emini = ymm9

8168-8175
8209-8213
8250-8256
8284-8289


June 2009 Dow futures support
symbols: emini = ymm9

8083-8078
8052
8018-8012
7956-7952
7885-7881


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

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