TradeStalker's RBI Update 06/23/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 23 / 2009

(Published Since 1996)

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

Dateline: 6:03 pm eastern time, 6/23/2009

In last night's update I stated that early strength would
set up a good shorting opportunity and the ES went to 894.50
resistance and reversed about 30 minutes into trading. The
ES then fell to 884.25 and got turned around. The bounce
stalled and reversed from just under the key resistance, and
from a 893.50 bounce high the ES dropped to the updated
support at the 888.00-887.50 zone. There was a reversal from
887.75 but it failed at a slightly lower high and dropped to
888.00 again. Another run up to 893.50 failed again and the
market dropped back to the bottom of that range by the
close.

We get the Fed policy statement on interest rate policy on
Wednesday. The daily indicators are slightly oversold, but
nothing is at a big extreme. The sentiment changed with
Monday's decline, and now it is also near neutral. On Fed
days, if there is a trending move for most of the day going
into the release, there tends to be a reversal. If that
doesn't occur on Wednesday, then it will mean more of the
two-sided action within the Tuesday range going into the
release. After the release, there should be a quick move in
both directions, and then the market finds a trend that
continues until the very late action. Look for that type of
action after 2pm on Wednesday.

So, on Wednesday look for early strength to be sold if the
upside stalls/reverses from the 892-893 area on the ES. If
the market opens lower, then beware of a reversal back to
the upside if the 888.25-887.75 area is held. If that area
is not held, then a move down to the 882.50-881.50 area that
then reverses should provide a decent bounce and trade on
the long side. After the release, the market should find a
trend after about 15-20 minutes and it should be one to
latch on to into the last 30 minutes or so of futures
trading.

September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

893.00
894.50-895.25
898.75-899.50
907.00-907.50
910.75-911.25


September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

888.25-887.75
882.50-881.50
877.75-876.50


September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1428.75
1434.50-1435.50
1438.50-1439.25
1447.00-1448.00
1457.50-1458.50


September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1417.00-1416.50
1412.25-1400.50
1404.50-1403.50

September 2009 Dow futures resistance
symbols: emini = ymu9

8292
8310-8313
8348-8351
8437-8442
8463-8468


September 2009 Dow futures support
symbols: emini = ymu9

8248-8244
8235-8230
8198-8191

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

Today's Trading Recap: 06/23/09

HOW OUR DAY WENT:

The early game-plan was to short early
strength, and when the ES popped up to 894.50 (right at
the key 894.50-895.25 zone) and turned we caught a nice
entry as the ES dropped 10 points to 884.25. That was
a great start for our day. The market then firmed and
rallied back to test the highs, but the move was sold
from 893.25 and then fell to updated support at the
888.00-887.50 zone. Shorts covered, and buying came in
and the ES went to a lower high at 893.00 and reversed.
That triggered a short that went to 4.25 points to
888.75 before a bounce. Members were told to short the
893 area and cover/buy the 888 area and that set up 2
more trades to finish the day as the ES stayed between
resistance and support.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 06/22/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 22 / 2009

(Published Since 1996)

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

Dateline: 6:59 pm eastern time, 6/22/2009

The market gapped down on Monday and the ES fell to the
898.00-897.50 area before there was a bounce. The bounce
didn't stick, and the market went into trend down mode into
the early afternoon. A bounce from 889.25 on the ES made it
to the 894.50 updated resistance, but the poke over that
level quickly reversed and the ES fell to 887.75 by the
close.

The complacent bulls got a wake-up call on Monday. The VIX
closed at a new low for the year on Friday, and jumped 11%
on Monday, so the sentiment and expected volatility shifted
directions in a big way on Monday. This doesn't look like it
will be turned around easily, however the market usually
doesn't have back-to-back trend days. The market will likely
have decent moves in both directions on Tuesday, but with a
downside bias. It will still take a break and hold over the
894.50 area to get anything going on the upside. The bounces
will be good shorting opportunities unless that occurs.

Look for early strength to set up a good shorting
opportunity. If that plays out, then the first decent drop
that can reverse should set up a tradable bounce as long as
the 882.50-881.50 area is not broken. If the market gets
down there and cannot turn around, then the 877.75-876.50
area looks like it will be key. If that area is not
defended, then the 840-835 area could be in the cards.

September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

894.50-895.25
898.75-899.50
907.00-907.50
910.75-911.25


September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

888.25-887.75
882.50-881.50
877.75-876.50


September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1434.50-1435.50
1438.50-1439.25
1447.00-1448.00
1457.50-1458.50


September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1426.50-1426.25
1421.25-1420.50
1414.50-1413.50


September 2009 Dow futures resistance
symbols: emini = ymu9

8334-8338
8378-8381
8437-8442
8463-8468


September 2009 Dow futures support
symbols: emini = ymu9

8278-8275
8235-8230
8198-8191

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

Today's Trading Recap: 06/22/09

HOW OUR DAY WENT:

The market gapped down and just over an
hour into trading the ES reached a key support just over
898.00-897.50. It didn't look good so members were told
we had a trend down move under way and were given 892 as
the next support/target. That was met, and then the
updated resistance at 894.50 turned into a good spot to
re-short as the ES dropped fast and then reversed from
just .75 points over the next support. That brought in
buying up to the 894.50 level again and after reversing
after a pop to 895 the ES dropped to reach the 888.50
target/support by the close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 06/21/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 21 / 2009

(Published Since 1996)

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

Dateline: 5:36 pm eastern time, 6/21/2009

The market opened higher on Friday and rallied up to 923.00
on the ES, just under the 923.50-924.00 resistance zone, and
the move fizzled and reversed. A drop to 917.75 on the ES
occurred, then the move quickly reversed and then bounced
back to test the morning highs. The ES reached 922.75 and
stalled again, and then after being rejected a second time
the market broke to the downside. The pressure was basically
on until the ES reached the 911.00-910.50 support zone and
quickly reversed. Off of a 910.75 low, the ES bounced back
to 919.75 but then backed off in the last 30 minutes of
trading.

Since the breakdown through the bottom of the 10 day range,
the market has pretty much churned the last 3 days of the
week. There was a decent oversold rally from 899.25 to
923.00 on the ES, but not without tradable moves on the
short side. There were 8 drops of 5 or more points on the ES
on the way from that low to high. So, even if the market has
more upside, it will not be in a straight line. The Vix
dropped to its lowest close for the year, and if there is a
reversal back to the upside on the Vix, the market will be
under pressure. A move similar to the drop seen last week
would be possible.

In any case, the inability to hold gains is troublesome.
Also, given how deeply oversold the indicators were last
week, the market didn't explode to the upside. So this
churning may be a rest before the market gets hit with more
selling. We will see soon. There is a Fed release on
Tuesday, and the market will likely get out of this little
range early this week.

The ES traded between resistance and support on Friday. On
Monday, the initial support areas need to hold or quickly
reverse if broken to avoid a topping pattern. If that
support isn't defended, then the first decent bounce will
likely fail. If the Friday high areas are exceeded, and then
the move stalls out, beware of a tradable reversal. If they
are broken, and the move has enough gusto to hold on a
pullback, then the market could rally back towards the 930's
on this rebound.

September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

919.25-919.75
923.50-924.00
928.00-928.75
932.25-933.00


September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

911.00-910.50
907.50
904.50-903.50
898.00-897.50


September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1471.00-1472.00
1476.50-1476.75
1481.25-1482.00
1488.00-1489.25


September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1459.00-1457.50
1452.25
1446.50-1446.00
1438.50-1437.50


September 2009 Dow futures resistance
symbols: emini = ymu9

8506-8509
8558-8560
8607-8612
8648-8652


September 2009 Dow futures support
symbols: emini = ymu9

8440-8436
8402
8369-8364
8302-8297


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 06/19/09

HOW OUR DAY WENT:
The market gapped up and the ES reached
923.00 and stalled about 15 minutes into the
day, just under the 923.50-924.00 resistance, and then
reversed. Updated support was at 917.50 and the ES
reversed from 917.75 and bounced back to 922.75 and
stalled. Making double top at resistance set up a very
good reward/risk short. Members in the Instant message
room were guided on the entry, initial stop, and where
to lock in profits / trail a stop.

A GREAT way to end our week !

Good Trading,
Mike Reed
TradeStalker.com

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

TradeStalker's RBI Update 06/18/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 18 / 2009

(Published Since 1996)

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

Dateline: 5:55 pm eastern time, 6/18/2009

The market opened a bit higher on Thursday, and the early
strength was immediately sold as the ES dropped from 908.50
to 903.50 in the first 10 minutes of trading. The market
reversed in front of the economic data release, and the data
was the spark the market needed to get going. The oversold
bounce took the ES to 917.75 (918.00-918.75 was the second
resistance zone) then dropped again to test the updated
support. That held and a snapback to 917.50 was reversed and
then the market dropped into the close.

The oversold status of my indicators was mostly worn off
after the Thursday action. Friday is a triple witch
quarterly expiration, and these days can be very tricky. The
two-sided action will likely continue on Friday, as neither
side is sticking. When the bounces have rallied for 20-30
minutes and then fizzle, it sets up good shorting
opportunities. It's been close to the same with the drops,
as they set up buying opportunities when the downside stalls
and/or quickly turn around. Expect the same environment on
Friday and don't get married to either side yet until this
expiration is over.


September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

917.50-918.25
923.50-924.00
928.00-928.75

September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

911.00-910.50
904.50-903.50
898.00-897.50

September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1461.50-1462.75
1469.50-1470.25
1474.75-1476.00

September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1446.50-1446.00
1438.50-1437.50
1432.50-1431.50

September 2009 Dow futures resistance
symbols: emini = ymu9

8541-8547
8583-8589
8637-8642

September 2009 Dow futures support
symbols: emini = ymu9

8476-8472
8425-8420
8402-8397

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 06/18/09

HOW OUR DAY WENT:
We got early strength to short, then
and falling 6 points the ES reversed and the oversold
rally began. We did get a short on a 1-2-3 pattern in
the morning, and it then held updated support and bounced
again. The upside then stalled and reversed from 917.75
on the ES (our members had 918.00-918.75 marked as the
second resistance zone) then dropped again to test the
updated support. In a nutshell, we got what we were
expecting - two way trading in a rally mode - making for
an easier trading day.

Good Trading,
Mike Reed
TradeStalker.com

Click Here to Join our Trading Team!

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

TradeStalker's RBI Update 06/17/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 17 / 2009

(Published Since 1996)

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

Dateline: 6:30 pm eastern time, 6/17/2009

The market opened flat on Wednesday and then the ES popped
up and reversed from 909.25 in the first 10 minutes and
reversed. A bounce off of 902.50 support failed at 907.50
and the downside resumed. After going under and then back up
through the 900 level, buying came in and the market worked
its way higher into the afternoon. The ES stopped, stalled,
then reversed from the 913.75-914.00 resistance zone. The
market then stair-stepped its way lower to close on a down
note.

The daily overbought/oversold indicators are now at short
term extremes. The market isn't acting great, but when the
market gets in this position it normally sets the stage for
a rally. On the times I get these extreme readings and the
market doesn't rally within a day or 2 (at the most,
normally sooner), it means the market is very weak and being
oversold simply doesn't matter. The way it looks after the
Wednesday action, a 2 sided trading day may be the best the
market can muster on Thursday unless there is a spark to
light the oversold fumes.

On Thursday there is the Initial Claims number before the
open, and then the Leading Indicators and Philly Fed release
30 minutes into the trading day. If there is early strength,
it will likely set up another good short under the initial
resistance levels. On the downside, it looks like a test of
the Wednesday lows would need to quickly reverse, and stay
over the 900 level on the ES to get a decent bounce to trade
from the long side. If the ES cannot reverse and stay over
that 900 level, then a drop towards the 892.50-891.50 is
likely in the cards. The major support, should the market
get hit with another hard selloff, is down at the 877.50-
875.50 area on the ES. That is a transition area and if that
area is tested, the market would need to reverse and not
look back to avoid a bigger break-down.

September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

909.00-909.50
913.75-914.00
918.00-918.75
923.50-924.00


September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

905.00-904.50
898.00-897.50
892.50-891.50
884.50-884.00
881.00-879.00 {SP500 Cash}
877.50-875.50


September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1459.75-1461.00
1469.50-1470.00
1475.50-1476.00
1482.50-1483.25


September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1452.50-1451.50
1438.50-1437.50
1430.50-1428.50


September 2009 Dow futures resistance
symbols: emini = ymu9

8473-8478
8504-8509
8541-8547
8583-8589


September 2009 Dow futures support
symbols: emini = ymu9

8435-8430
8402-8397
8351-8346

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 06/16/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 16 / 2009

(Published Since 1996)

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

Dateline: 6:52 pm eastern time, 6/16/20026

The market opened higher on Tuesday and the early strength
was sold as the ES backed away from the 924.00 level. A
pullback to 919.25 was bought, and the market tested its
highs. After getting turned away from 924.00 for the forth
time, the market finally broke lower and a little bit of
panic selling hit the market. The ES bounced off of the 908
support level, but failed at the 912 updated resistance area
and then the market fell to new lows for the day. The ES
reached 906.50 before reversing, and then bounced to the
60ema on the 5 minutes chart before the move fizzled out.
With the trends and momentum favoring the bears, the move
was sold and the market fell into the close.

The daily internal gauges all look worse than prices do at
this time. The short term overbought/oversold indicators are
now at an extreme. In addition, the Vix jumped another 6% on
Tuesday and is set to give several buy signals if it
reverses. So, unless things are really bad, then this
current selloff should be near a low that gives us a decent
oversold bounce. The market looks like it wants to to go
lower first, but a reversal from the 900 area should set up
a trade on the long side. It would also fit the quarterly
expiration games, if they take them down then run them up at
the end of the week.

We get the CPI before the open on Wednesday. If the mkt
opens higher, it's a short as soon as the move
stalls/reverses. If there is follow through selling and the
ES goes down to the 902.00-900.50 zone in the first 20-40
minutes and then turns up, it should be the start of a
decent rebound. However, if the market gets down there and
can not get turned back up, then the market is in for
another bad day. The first good bounce will likely be sold
if the move doesn't have much gusto, so beware of a wimpy
rally reversing.


September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

913.75-914.00
918.00-918.75
923.50-924.00

September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

906.50-906.00
902.00-900.50
898.00-897.50
884.50-884.00 **if 900 area not reversed**

September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1451.50-1452.00
1460.50-1462.00
1467.50-1468.25

September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1442.00-1441.25
1437.50-1436.50
1430.50-1428.50

September 2009 Dow futures resistance
symbols: emini = ymu9

8504-8509
8541-8547
8589-8583

September 2009 Dow futures support
symbols: emini = ymu9

8448-8444
8402-8397
8372-8368

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

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 06/15/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 15 / 2009

(Published Since 1996)

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

Dateline: 7:26 pm eastern time, 6/15/2009

The market opened lower on Monday as the ES gapped down
about 10 points on the open. A bounce off of the 923.00-
922.00 zone, which was the bottom side of a 10 day trading
range, fizzled after reaching 927.25 and the market reversed
back to the downside. With the trading range broken on the
downside, the market went trend-down into the late
afternoon. The ES reached a 915.25 low and bounced to the
updated 919.00 level, and the move was rejected. A drop to
test that low passed, as the ES made a double bottom and
then bounced back to the 921.00 resistance by the close.

The SP500 cash closed right at the very bottom of the 10 day
trading range, after falling out of the range on the
downside intraday. However, it looks like there is a bit
more downside at the moment, and if things set up right, it
could be a buying opportunity. The internal gauges are about
a day away from getting oversold. Also, the Vix jumped over
9% on Monday, and it if rises a bit more and then reverses
back down, then a few Vix buy signals are possible. Right
now it looks like the NQ might take a lead roll, as it
shaped up better in the afternoon on Monday. The ES and Dow
rebound was far from impressive however.

On Tuesday we get the PPI and Housing Starts before the
open. An early pop that fizzles would set up a nice shorting
opportunity. It looks like the market is safe as long as the
Monday lows / double bottom is held. However, if there is
not a quick reversal from the initial support areas, then a
move towards the lower 912.50-912.00 area on the ES is in
the cards. If that isn't reversed then we could see a drop
of another 10 points on the ES before a reversal occurs.

September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

921.00-921.50
926.50-927.25
931.25-932.00
936.50-937.25
942.00-942.75
946.00-946.50


September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

915.75-915.00
912.50-912.00
908.00
902.00-900.50


September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1457.25-1458.25
1463.25-1464.50
1472.50-1473.25
1479.25-1480.00
1488.00-1488.75
1495.75-1496.75


September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1447.25-1446.50
1443.50-1442.50
1437.50
1430.50-1428.50


September 2009 Dow futures resistance
symbols: emini = ymu9

8575-8580
8610-8615
8652-8657
8698-8703
8751-8757
8799-8802


September 2009 Dow futures support
symbols: emini = ymu9

8525-8521
8505-8500
8462
8422-8417

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 06/14/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 14 / 2009

(Published Since 1996)

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

Dateline: 5:56 pm eastern time, 6/14/2009

The market opened lower on Friday and continued lower until
reaching 931.25 on the ES about 30 minutes into the trading
day. The market bounced back, but the move fizzled just
under the 940 level and the market pulled back. The market
went range-bound, then broke out over the 940 level. The
initial resistance at the 942.00-942.50 area was a lid, and
from 942.50 the ES made a quick drop to 937.25 with 15
minutes left in stock trading. The move quickly reversed and
the market rallied into the close.

The SP500 cash and futures have traded in a 30 point range
for 10 straight days now. The way the market is acting, a
pullback to see if the low end of the range is likely this
week. The low volatility at a high often precedes a trend
reversal. For now, a trip back down towards the low end of
the range would be a buying opportunity IF there is a
reversal. On the other side of the coin, if the market gets
back to the top of the range around the 952.75-954.00 area
on the ES and the move stalls out, it should set up another
sizable drop. A break out to the upside in the current
market status would likely fail. At the most, if the last
week's highs are exceeded and not quickly reversed, then
there should be pretty good resistance around the 961-963
area on the SP500 cash that would be sold.

On Monday look to short early strength if the move
stalls/reverses from near the 946.00-946.50 area on the ES.
If the market opens lower, then be on the lookout for a
reversal from the 934.25-934.00 area to set up a buying
opportunity. If that area is not defended, then the market
could be in for another sizable drop on Monday.


September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

942.25-942.75
946.00-946.50
949.50-950.25
952.75-954.00


September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

937.75-937.25
934.25-934.00
930.50-929.75
926.25-925.75
923.00-922.00


September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1488.00-1489.00
1495.75-1496.75
1502.00-1502.50
1507.50-1508.50


September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1480.00-1479.25
1476.25-1475.25
1472.00-1471.25
1468.50-1468.25
1460.75-1459.50


September 2009 Dow futures resistance
symbols: emini = ymu9

8755-8758
8799-8802
8832-8838
8862-8866


September 2009 Dow futures support
symbols: emini = ymu9

8703-8697
8691-8687
8662-8658
8611-8608
8585-8581


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

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 06/11/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 11 / 2009

(Published Since 1996)

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

Dateline: 8:09 pm eastern time, 6/11/2009

The market rallied from the open but after getting to 946.75
(at our 946.00-947.00 resistance zone) the ES was sold and
the pullback dropped to just above the updated support at
940.00. A little trading range developed and after the
breakout, the ES pulled back to the breakout level and
turned back up. The move popped over and then reversed to
the 951.50-952.00 resistance and pulled back. After breaking
support, the next bounce was sold at the 950 level on the ES
and then the market reversed to close at the lows. The
indicators are still mixed, however the action up here is
looking toppy short term. The ES would need to get over the
946.00-946.50 area, and not quickly reverse, for the market
to get out of trouble on Friday. Shorting the bounces until
the ES gets towards the bottom of the range should play out
best.

On Friday look for the bounces to fizzle to get short. We
get the Michigan Sentiment survey 25 minutes into the
trading day. A decent bounce in the morning would set up a
very good shorting opportunity. There should be good
resistance around the 942.00-942.50 area, which is about
fair value before stocks open, and an early pop and reversal
from that area could set up a good shorting opportunity. IF
the ES happens to get over the 946.50 level again, and not
quickly reverse, then it might mean a test of the highs but
not much more.

September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

942.00-942.50
946.00-946.50
949.50-950.25
952.75-954.00
962.00-963.00 {SP500 Cash} **major


September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

937.00-936.50
930.50-929.75
926.25-925.75
923.00-922.00
918.50-918.00


September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1495.00-1495.75
1502.00-1502.50
1507.50-1508.50
1511.25-1512.50


September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1488.75-1488.00
1482.25-1481.50
1477.00-1476.25
1473.00-1472.50
1467.00-1465.50


September 2009 Dow futures resistance
symbols: emini = ymu9

8732-8737
8764-8766
8799-8802
8832-8838


September 2009 Dow futures support
symbols: emini = ymu9

8696-8692
8652-8648
8611-8608
8585-8581
8536-8532

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 06/10/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 10 / 2009

(Published Since 1996)

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

Dateline: 7:56 pm eastern time, 6/10/2009

The market gapped up on Wednesday and the ES reversed from
950.50, just 1 point under the 951.50-952.00 key resistance
(top of the range) in the first 5 minutes. That "fade" set
up a move down to 927.00, just 1 point over the 926.00-
925.50 key support (bottom of the range) before there was a
decent bounce. The initial bounce fizzled/reversed at the
60ema on the 5 minute chart, and the ES pulled back from
935.50 to 930.75 but with 30 minutes left in trading the
upside got going again and the market closed well off of the
lows.

NOTE: On Thursday we roll over to the September
futures, as they are the new front month. The root
symbol is now "U" so that is ESU9, NQU9 and YMU9
for the futures listed in the support and
resistance tables.

The market remains range-bound, as the ES tested the top and
bottom of the now 8 day old range on Wednesday. This
churning has gotten the RBI Buy gate open by a tiny amount.
If there were a few other indicators in the same position,
then the odds of a good rally would be high. However, most
of the other indicators are neutral and sentiment is overly
bullish, so the indicators are pretty much a wash.

On Thursday we get the Retail Sales and Initial Claims
before the open. If there is further upside on the open, the
early move should be reversed in the first 20-40 minutes of
trading on Thursday. If the market drops to retest the
Wednesday low areas, it will need to quickly reverse back up
or there could be a bit of "get me out" action as the bottom
of the range finally breaks.

September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

937.00-937.50
942.00-942.50
946.00-947.00
951.50-952.00


September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

929.50-929.00
925.75
923.00-922.00
918.50-918.00


September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1496.50-1497.00
1501.50-1502.00
1508.00-1509.00
1515.75-1516.50


September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1482.25-1481.50
1476.25
1473.00-1472.50
1467.00-1465.50


September 2009 Dow futures resistance
symbols: emini = ymu9

8709-8712
8762-9766
8782-8788
8838-8842


September 2009 Dow futures support
symbols: emini = ymu9

8652-8648
8611
8585-8581
8536-8532


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

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 06/09/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 9 / 2009

(Published Since 1996)

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

Dateline: 7:17 pm eastern time, 6/9/2009

Both sides worked out well on Tuesday, especially in the
early going. Last night's last paragraph stated:

"On Tuesday expect the first decent rally to be sold in
to, especially an early pop that reverses near the
Monday highs. If that plays out, then the first decent
pullback should set up a buying opportunity."

The ES popped up and reversed from our 945.50-946.50 zone
and then fell to the 935.50 updated support. That first
decent pullback then set up a buying opportunity. The rally
peaked just .50 over the 945.50-946.50 zone on the ES and
then was sold off into the close.

The SP500 cash and futures have been in a range between 952
on top and 925 on the bottom for 7 straight days now. The
mood has gotten very complacent, and prone to a decent
selloff soon. A reversal on the Vix would give a number of
sell signals if that occurs on Wednesday. The majority of
the short term internal gauges are in neutral, however a
decent pullback (that holds the bottom of the range) could
get the market short term oversold, and possibly be a reason
for another decent rally.

On Wednesday look to buy early weakness IF it reverses in
the first 20-40 minutes and holds over the 936.00-935.50
area on the ES. Just beware that the first decent bounce
will be a shorting opportunity if the move fizzles under the
946.50-947.00 high area from Tuesday. Then after the early
action, we get the Fed's Beige Book at 2pm and that should
inject some volatility into the trading environment.

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

946.50-947.00
951.50-952.00
956.00-958.00
962.00-963.00 **major**

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

936.00-935.50
932.75-932.00
929.00-928.50
926.00-925.50
918.50-918.00

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

1509.50-1510.25
1515.75-1516.50
1521.75-1522.50

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

1497.25-1496.25
1488.25-1487.25
1480.00-1478.50
1471.25-1470.25
1466.50-1466.00


June 2009 Dow futures resistance
symbols: emini = ymm9

8798-8803
8858-8862
8902-8907

June 2009 Dow futures support
symbols: emini = ymm9

8726-8722
8688-8683
8663-8657
8631-8627
8564-8560


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 06/08/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 8 / 2009

(Published Since 1996)

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

Dateline: 8:27 pm eastern time, 6/8/2009

We were expecting a pullback on Monday and the gap down open
had us on alert to short the first bounce. That played out
as the ES fell from 933.50 to 925.50 by early afternoon. A
bounce found the updated resistance at 932.00-932.50 tough
to get through in the afternoon. That range was ok for
scalps, giving 2 quick shorts for a few points. The ES then
made a breakout then stayed over the 929 level and gave a
rally to the 945.50-946.00 resistance zone. The
stall/reversal from a 946.50 high set the stage for a 10
point pullback to 936.00 before the close.

The market is still range bound and the rejection from the
initial resistance tells me the upside won't be real easy.
The deep pullbacks also continue to be bought, so the market
doesn't look like it will get hit too hard on another
selloff. The 933.50-932.50 area on the ES should be as far
as a pullback goes, as that area appears to be pivotal. Only
a break and hold under that zone will put the market back to
neutral, and potential entry for a trade on the long side.

On Tuesday expect the first decent rally to be sold in to,
especially an early pop that reverses near the Monday highs.
If that plays out, then the first decent pullback should set
up a buying opportunity. With the market slightly oversold,
and with 1 Vix buy signal given on Monday, the bulls get the
nod as long as the ES holds the 933.50-932.50 area.

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

945.50-946.50
951.50-952.00
956.00-958.00
962.00-963.00 **major**

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

933.50-932.50
929.00-928.50
926.00-925.50
918.50-918.00

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

1499.50-1500.25
1505.75-1506.50
1511.75-1512.50

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

1480.00-1478.50
1471.25-1470.25
1466.50-1466.00
1458.75-1458.00

June 2009 Dow futures resistance
symbols: emini = ymm9

8818-8821
8858-8862
8902-8907

June 2009 Dow futures support
symbols: emini = ymm9

8688-8683
8663-8657
8631-8627
8564-8560

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 06/07/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 7 / 2009

(Published Since 1996)

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

Dateline: 4:20 pm eastern time, 6/7/2009

We nailed the early action once again on Friday. The gap up
strength reversed from the 950.25-952.00 resistance zone and
then dropped 18.75 points to make a direct hit on the
933.75-933.00 support zone. Per usual of late, that first
good drop was a buying opportunity and the market worked its
way higher. However, the move stalled out at updated
resistance at 946.00 on the ES and it dropped 10+ points to
934.50 before a bounce. The run-up was sold and then the
market churned into the close.

The market made new highs for the move on Friday's open, and
then after selling off for 45 minutes the market spent the
rest of the day going up and down and back up again, only to
finish mixed for the day. The daily indicators are still in
neutral, but not too far from a short term oversold status.
The sentiment is getting a bit too bullish however, and a
decent pullback should fix that.

The market doesn't like the "air" in new high ground as the
rallies are not holding. But, let the market have a decent
drop and buyers jump in as soon as the downside stalls and
there is a reversal. When the pullbacks don't find buyers,
things will be changing. Until then, this still looks like a
trading range market for now.

If the market rallies from the get-go on Monday, and doesn't
have any trouble testing the Friday highs, the move will be
a short if the ES goes over 950 again and then crosses back
down through it. However, getting back up there won't be
easy just yet. It looks like a pullback is coming next.

The Friday afternoon lows will need to be defended,
otherwise a drop back to the 928 area would be in the cards,
and a place where the market should reverse if it is going
to stay range-bound. If that area is broken, and not quickly
reversed, then things might be changing for a few days at
least. The bounces will be shorting opportunities then when
the pops fizzle.

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

945.50-946.00
951.50-952.00
956.00-958.00


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

938.50-938.00
934.00-933.50
928.00-927.00
923.00-922.00


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

1498.00-1499.00
1506.00-1507.00
1513.00-1514.00


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

1489.00-1488.00
1479.00-1477.00
1470.00-1469.00
1458.00-1457.00


June 2009 Dow futures resistance
symbols: emini = ymm9

8800-8805
8828-8835
8850-8860
8900


June 2009 Dow futures support
symbols: emini = ymm9

8736-8730
8700-8690
8670-8660
8615-8610
8560-8530


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

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 06/04/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 4 / 2009

(Published Since 1996)

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

Dateline: 5:41 pm eastern time, 6/4/2009

In last night's update I stated:

"If there is early strength, it will set up a good
shorting opportunity. Thereafter, it looks like the
initial support areas should be pivotal. If they hold,
then the bulls are in charge and the market should head
back up into the 930's."

The early game-plan worked out perfectly. The market opened
higher on Thursday and the early strength was sold as the ES
stalled and reversed from 935.75 about 15 minutes into the
trading day. The drop took the ES down to the pivotal
928.00-927.50 area, and then turned back up. The ES stalled
and made a little double top at 938.00 and then gave a pull
back to updated support at the 933.50-932.50 area. Buying
came in and the ES rallied to 941.75 by 2pm. That was a lid
and the ES backed off to 938.00 and then turned back up. In
a very ragged and choppy fashion, the market worked its way
back to make token higher highs in the final minutes of
stock trading.

We get the Jobs data before the open on Friday, and that
will dictate the early action. For now, it looks like the
market needs to stay over the initial support areas to avoid
turning the trends from up to down. On the other side of the
coin, a move over the initial resistance that isn't quickly
reversed could give the ES a run to test the 947.25-948.00
area. The market has been coming back after all of the sell-
offs and made higher highs. Another failure and reversal
from near the 950 area could start another sizable selloff
short term.

If there is a gap up open on Friday and it's less than 4
points on the ES, look for a shorting opportunity to start
the day. If there is a gap up greater than 4 ES points, then
it could cause a squeeze towards the 950 level. On the
downside, if the 938.25-938.00 area is broken, and not
reversed, then the market could be in for a down day and
shorting bounces would offer the better odds trades.

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

941.75-942.00
947.25-948.00
950.25-952.00


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

938.25-938.00
933.75-933.00
928.00-927.50
923.00-922.50


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

1493.75-1494.75
1499.75-1501.50
1504.75-1506.50

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

1486.00-1485.25
1481.25-1480.50
1477.50-1476.75
1470.25-1469.50

June 2009 Dow futures resistance
symbols: emini = ymm9

8743-8748
8787-8794
8821-8828

June 2009 Dow futures support
symbols: emini = ymm9

8712-8708
8669-8664
8626-8621
8587-8583

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

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 06/03/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 3 / 2009

(Published Since 1996)

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

Dateline: 8:03 pm eastern time, 6/3/2009

We came into Wednesday looking for lower prices (and short
from Tuesday if you followed along with me in the "instant
message" room yesterday afternoon) and the ES opened down 7
points. The market bounced off of the 927.75-927.00 zone,
but the move failed and the market rolled back over. It was
trend down to the 923.00 level on the ES, just over the 922-
920 updated support, and the market bounced back. That
bounce stalled and reversed from the 927.50 updated
resistance, and then the market made one more push lower. A
token lower low at 922.50 on the ES was reversed within 30
minutes left in stock trading and rallied back to 932.00
into the close.

The internal gauges are now in neutral ground with
Wednesday's poor performance. It looks like a trading range
could be what we get on Thursday. The Nasdaq looks stronger
than the ES if there is a decent bounce, and it should lead
the action. It held at a higher low intraday on Wednesday,
while the ES and Dow had to reverse from lower lows before a
rally.

If there is early strength, it will set up a good shorting
opportunity. Thereafter, it looks like the initial support
areas should be pivotal. If they hold, then the bulls are in
charge and the market should head back up into the 930's. If
the initial support isn't held, then the 923.00-922.50 area
on the ES will need to hold as that was solid support on
Wednesday.


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

931.75-932.25
939.50-940.50
947.00-947.75
950.25-952.00


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

928.00-927.50
923.00-922.50
918.00-917.50
912.75-912.00


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

1478.00-1478.50
1485.00-1486.00
1494.75-1496.00
1499.75-1501.50


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

1469.50-1468.75
1462.00-1461.25
1456.75-1455.75
1448.50-1446.75


June 2009 Dow futures resistance
symbols: emini = ymm9

8629-8634
8690-8695
8759-8764
8793-8798


June 2009 Dow futures support
symbols: emini = ymm9

8620-8615
8587-8583
8528-8524
8494-8487

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 06/02/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 2 / 2009

(Published Since 1996)

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

Dateline: 7:36 pm eastern time, 6/2/2009

Last night's bottom line stated:

"For now the ES needed to get over 950 and not
quickly reverse back down to get another squeeze
going. If that doesn't happen, odds favor a decent
pullback first."

There were a couple of opportunities to short just under
that level on Tuesday. The market dipped on the open on
Tuesday, and then turned and ran up to slightly higher highs
than Monday. The move fizzled and reversed from 949.00 on
the ES and 1494.50 on the NQ (its 1494.75-1496.00 resistance
zone) and then the market worked its way lower into early
afternoon. The pullback tested both the 939 updated support
on the ES and the 8700 level on the Dow cash around 12:30
pm, and then turned back up. The market chopped its way
higher into 3 pm, with the ES and Dow testing their highs
while the NQ lagged. Selling came in at the 947.00-947.75
area on the ES, and unable to break out, the tired and
overbought market gave in and sold off into the close.

The short term internal gauges are still overbought, and the
upside is losing momentum after four days of rally. The
rejection of the 948-949 area on the ES and subsequent drop
was the first bearish price action in awhile. Also, the
sentiment gauges are getting overly bullish, and as a
contrary indicator that's usually not good. The weight of
the evidence tells me there is more downside than upside
potential, short term. A test or break of the 932.50-932.00
area on the ES could be in the cards short term. It will
still take a solid break and hold over the 950 level to get
another push higher and nullify this outlook. A pop over 950
that reverses back down through 950 would still trigger a
shorting opportunity, should that occur.

So, look for a shorting opportunity if there is early
strength and the move stalls/reverses from under the 947.00-
947.75 area on the ES and/or 1485.00-1486.00 area on the NQ.
If that plays out, the first decent pullback would need to
hold the initial support areas, along with 8700 on the Dow
cash, in order to get a decent bounce going. If those areas
are not defended, then the 932.50-932.00 area on the ES, and
possibly lower, is likely in the cards before the market
gets itself turned back around.

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

947.00-947.75
950.25-952.00
955.25-956.50


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

939.50-939.00
932.50-932.00
927.75-927.00
918.00-917.50
911.50-910.50


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

1485.00-1486.00
1494.75-1496.00
1501.75-1504.00


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

1472.50-1472.00
1462.75-1461.50
1443.50-1442.75
1435.00-1433.75
1425.00-1423.50


June 2009 Dow futures resistance
symbols: emini = ymm9

8759-8764
8793-8798
8835-8839


June 2009 Dow futures support
symbols: emini = ymm9

8694-8692
8631-8627
8556-8551
8528-8524
8417-8413


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 06/01/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 1 / 2009

(Published Since 1996)

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

Dateline: 8:22 pm eastern time, 6/1/2009

The market gapped up over the Friday highs on Monday and the
uptrend kept going until the last hour of trading. The ES
reached a new recovery high at 947.25 and then pulled back 8
points to 939.25 (coinciding with the 60ema on 5 minute
chart) while the Dow cash held just over 8700 and buying
came back in. The market went up to test the highs then sold
off into the close.

The short term internal gauges are at extremes. My 3 day
thrust reached +.76, *very* overbought, and the Vix gave 1
sell signal on Monday. So at the least, more upside should
be difficult very short term. The momentum is strongly to
the upside, but a decent pullback is due from up here.

Look for early strength to be sold on Tuesday, and then the
first good pullback should set up a buying opportunity. For
now the ES needed to get over 950 and not quickly reverse
back down to get another squeeze going. If that doesn't
happen, odds favor a decent pullback first.

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

946.75-947.25
951.25-952.50
956.00-956.50


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

938.50-938.00
932.50-932.00
927.75-927.00
918.00-917.50
911.50-910.50


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

1481.50-1482.25
1488.75-1490.50
1494.75-1496.00


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

1469.50-1468.50
1457.75-1456.50
1443.50-1442.75
1435.00-1433.75
1425.00-1423.50


June 2009 Dow futures resistance
symbols: emini = ymm9

8744-8749
8793-8798
8835-8839


June 2009 Dow futures support
symbols: emini = ymm9

8697-8692
8631-8627
8556-8551
8528-8524
8417-8413


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

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 05/31/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 31 / 2009

(Published Since 1996)

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

Dateline: 5:39 pm eastern time, 5/31/2009

The market started last week on the downside, then rallied
into Wednesday afternoon. A sharp drop was bought on
Thursday morning, and after a rally reversed early Friday
morning the market went sideways until the last 10 minutes
of stock trading. The ES ran up 18 points in 10 minutes and
then backed off into the close.

The daily indicators are a day away from getting to
overbought extremes, as are the sentiment gauges. Also, if
the Vix turns up on Monday it would give a number of sell
signals. So heads up on chasing further strength, because if
there is a reversal, it could be sharp. The only bigger
picture negative on Friday is that the internals are not
ahead of price.

So, if the market doesn't falter right away on Monday but
instead can put together a decent bounce first, the odds of
a reversal and subsequent decent selloff should be high. On
the downside, a drop should hold at, or above, the 911.50-
910.50 area on the ES and the 1423.00-1421.75 area on the NQ
to stay out of trouble.

On Monday look for early strength to be sold, and then the
first good pullback should set up a buying opportunity as
long as those support areas are held. If they are not held,
then the bounces will be shorting opportunities as the
market is losing its luster.

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

922.50-923.00
927.00-928.00
931.50-932.50


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

918.00-917.50
911.50-910.50 **must hold**
906.50-906.00
902.50-901.50 **key, must hold**


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

1439.50-1440.00
1443.50-1444.50
1449.50-1450.25


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

1434.50-1433.75
1423.00-1421.75
1415.50-1414.75
1412.00-1411.50


June 2009 Dow futures resistance
symbols: emini = ymm9

8530-8533
8555-8559
8604-8609


June 2009 Dow futures support
symbols: emini = ymm9

8528-8524
8417-8413
8385-8381
8356-8352


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

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