TradeStalker's RBI Update 08/27/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 27 / 2009

(Published Since 1996)

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


Dateline: 6:32 pm eastern time, 8/27/2009


Last night I wrote:

"A washout should be around the corner, and then a
rally might be able to reassert itself." And
later, "...a trip towards the 1014.75-1014.00 zone
could be in the cards before buyers step to the
plate".

The ES opened flat at 1026.75, then went straight down to
1014.75 in the first 40 minutes of trading. Then a little
double bottom was made and the buyers stepped to the plate
and took the ES all the way to 1032.75 by 2:40 pm. Then, as
the ES was at 1032.00, just a few ticks from the high, I
Instant Messaged the group:

"(Aug 27-14:47) Mike: this is getting parabolic,
careful w/new long up here."

That 1032 level wasn't seen again as a drop to 1028.50
followed before the close.

The market made an impressive comeback after the early
shellacking it took on Thursday. We are in the timeframe
that tends to be bullish, normally for a mark-up into the
end of the month. Nearly all of my indicators are neutral,
although the sentiment is a bit overly bullish. The market
has made good moves in both directions this week, and it is
back to the top side of this trading range. The dips should
offer good buying opportunities and the rallies should set
up shorting opportunities when the upside move runs for
awhile then stalls. A pullback of 4-6 points on the ES
should hold if the market is going to be strong. If they
fall more than that, then the 1020.75-1020.25 zone on the ES
could be seen again. It must hold, otherwise there is
something not right and a top formation could be in the
works.

On Friday look for early strength to be sold as soon as the
upside stalls, especially if that occurs in the first 20-40
minutes of trading and the ES runs up to test the 1038 area.
If that plays out, beware that the first good drop should
set up a trade on the long side as long as that 1020.75-
1020.25 zone holds.

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

1030.50
1032.00-1032.75
1035.00-1035.50
1038.00-1038.50 **key
1043.00-1043.50


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

1028.50
1024.50-1024.00 **key
1020.75-1020.25
1017.50-1017.00
1014.75-1014.00 **major


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

1640.25
1642.75-1643.50
1649.00-1649.75
1655.00-1655.50 **key
1661.00-1662.00


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

1635.50
1627.25-1626.50 **key
1622.25-1621.50
1618.50-1617.75
1611.50-1610.50 **major


September 2009 Dow futures resistance
symbols: emini = ymu9

9575
9596-9599
9619-9622
9650-9653 **key
9689-9693


September 2009 Dow futures support
symbols: emini = ymu9

9555
9542-9537 **key
9517-9513
9479-9475
9448-9443 **major

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: 08/27/09

HOW OUR DAY WENT:

Last night Real Time members were told:

"A washout should be around the corner, and then a rally
might be able to reassert itself" and "...a trip towards
the 1014.75-1014.00 zone could be in the cards before
buyers step to the plate".

The ES opened flat at 1026.75, then went straight down
to 1014.75 in the first 40 minutes of trading. Then a
little double bottom was made, and the buyers stepped
to the plate and took the ES all the way to 1032.75 at
2:40pm. Then, as the ES was at 1032.00, just a few ticks
from the high, I sent an Instant Messege to the group:

(Aug 27-14:47) mike: this is getting parabolic, careful
w/ new long up here

That level wasn't seen again as adrop to 1028.50 followed.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/26/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 26 / 2009

(Published Since 1996)

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

Dateline: 6:15 pm eastern time, 8/26/2009

The ES went down to the 1021.25-1020.50 support on Wednesday
morning, and from a 1020.25 low the ES reversed 25 minutes
into trading. That set up a trade on the long side, and the
ES sprinted 1032.00 and stalled out. I stated that the
1032.00 level would NOT be exceeded if the market was
heading back down, and the ES sold off 9 points to the
updated 1024.50-1024.00 updated support. A bounce off of
that level was feeble, and the ES reversed from 1027.25 and
dropped 5 points to 1022.25. A bounce turned into a double
top at 1028.75, but the updated support at 1025.50-1024.50
area was defended (though 1024.25 was touched twice) and the
ES bounced back 4 points before the close.

We get Initial Claims and GDP before the open on Thursday.
The market has been spinning its wheels for a few days, and
the bullish sentiment is at a short term extreme. With the
market struggling to hold its gains lately, and the upside
losing momentum, it might not be the best buying opportunity
up here. A washout should be around the corner, and then a
rally might be able to reassert itself.

On Thursday, as long as the initial support areas are held,
no damage done. Just remember that the bounces are not
sticking, and that a rally back towards the highs would be
sold as soon as the move stalls out. If the market breaks
lower, and the Wednesday lows at key short term support are
broken, then a trip towards the 1014.75-1014.00 zone could
be in the cards before buyers step to the plate.


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

1028.25-1028.75
1032.00-1032.50
1035.00-1035.50
1038.00-1038.50

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

1024.75-1024.25
1020.75-1020.25
1017.50-1017.00
1014.75-1014.00
1007.75-1007.00 *** STRONG***

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

1640.00-1640.75
1644.00-1644.50
1649.00-1649.75
1655.00-1655.50

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

1633.76-1633.00
1627.75-1627.25
1624.00-1623.50
1617.50-1617.00
1610.50-1608.75 *** STRONG****

September 2009 Dow futures resistance
symbols: emini = ymu9

9548-9552
9572-9574
9599-9602
9619-9622

September 2009 Dow futures support
symbols: emini = ymu9

9512-9509
9475-9472
9446-9442
9408-9404
9350-9346 *** STRONG****

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
http://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: 08/26/09

HOW OUR DAY WENT: The ES went down to the 1021.25-1020.50
support, and from a 1020.25 low the ES reversed 25 minutes
into trading. The set up a trade on the long side, and the
ES sprinted another 10 points higher. I then told the
group that the 1032.00 level would NOT be exceeded if it
was heading down, and that allowed a very good reward/risk
opportunity on the short side (with a tight stop just over
1032.00). The ES sold off 9 points to the updated 1024.50-
1024.00 updated support. I sent an IM telling the group
that 1027.75 was a resistance/reversal area, the ES
reversed from 1027.25 then dropped 5 points to 1022.25.
A bounce turned into a double top at 1028.75. Members
were given the 1024.50 as important support and they
reached 1024.25 (twice) then bounced almost 4 points
before the close.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/25/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 25 / 2009

(Published Since 1996)

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

Dateline: 6:02 pm eastern time, 8/25/2009

Early strength was a short on Tuesday as the ES popped up to
1031.00 and then dropped 4.50 points to the new 1026.50
support. That set up a trade on the long, and the ES
sprinted to the 1038.00-1038.50 resistance. The move
fizzled, setting up a shorting opportunity, and the ES fell
from 1038.00 to the updated 1026.50 support again. A rally
from 1026.50 reversed from 1035.50, and then the ES fell to
1026.75 before bouncing. We were looking for a new low as
long as 1031 wasn't exceeded, and a bounce stalled at
1030.00 before falling to a new low at 1024.75. The ES
bounced back, but the move reversed from 1030.50 and the
market sold off into the close.

The market has been very resilient, however the way that the
market has acted so far this week, a top (for a few days
anyway) looks to be forming. The early strength hasn't been
able to hold, and the late selloffs are bearish. A trading
range, at best, is in the cards at the moment. The ES will
need to get over the initial resistance, and not quickly
reverse, to get out of potential trouble on Wednesday. If
double bottoms are not made by dipping and reversing from
the 1025.00-1024.50 area on the ES, then the 1021.25-1020.50
would need to be reversed to avoid falling back towards the
1014.75-1014.00 area. A drop to that area must turn around
quickly, otherwise a bigger correction could be underway.

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

1030.00-1030.50
1035.00-1035.50
1038.00-1038.50


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

1025.00-1024.50
1021.25-1020.50
1017.50-1017.00
1014.75-1014.00
1007.75-1007.00 **strong


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

1643.00-1644.00
1648.25-1649.00
1655.00-1655.50


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

1635.00-1634.50
1627.75-1627.25
1624.00-1623.50
1620.50-1620.00
1610.50-1608.75 **strong


September 2009 Dow futures resistance
symbols: emini = ymu9

9562-9565
9599-9602
9615-9620


September 2009 Dow futures support
symbols: emini = ymu9

9514-9511
9477-9472
9446-9442
9408-9404
9350-9346 **strong

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: 08/25/09

HOW OUR DAY WENT: Early strength was a short and the
ES popped up to 1031.00 and then dropped 4.50 points
to the new 1026.50 support. That set up a long, and
the ES sprinted to the 1038.00-1038.50 resistance. The
move fizzled, setting up a short, and the ES fell from
1038.00 to 1026.50 support again. A rally from 1026.50
reversed from 1035.50 and then the ES fell 8+ points to
1026.75 before bouncing. We were looking for a new low
as long as 1031 wasn't exceeded, and a bounce stalled
at 1030.00 before falling to a new low at 1024.75. So,
we had a number of real nice opportunities and nailed
the 1038.00 high and tradable support at 1026.50 until
it broke, which was expected.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/24/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 24 / 2009

(Published Since 1996)

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

Dateline: 6:28 pm eastern time, 8/24/2009

The market opened strong on Monday, and a choppy trend up
move lasted for about an hour and a half before it ran out
of gas. The ES stalled and turned down from 1035.00, and
then after 1031.75 was broken, a top was in place. The ES
fell to 1023.25 before finally bouncing. That bounce fizzled
at the 1027.50 updated resistance, and then the market fell
again. The ES dropped to 1021.25, a tick over the 1021.00-
1020.50 support, and bounced back. The bounce
fizzled/reversed off of 1026.00, and then went back to test
the low. The ES turned up from 1021.75, and then snapped
right back to 1026.25 before the close.

The market started the day on a good note on Monday, but the
move wouldn't stick and the ES dropped from new recovery
high ground back to what appears to be important support at
the 1021.25-1020.50 area. The way the intraday charts look,
a break of that 1021.25-1020.50 area that is not quickly
reversed would make a little head and shoulder pattern. If
that happens, it would point the ES toward the 1007.75-
1007.00 area. In order to nullify that pattern, and spark a
rally, the initial resistance areas would need to be
exceeded, and then hold on a pullback. If that occurs and
the market goes back to test the Monday highs, it should set
up a good shorting opportunity.

We will see how things play out by the numbers on Tuesday.
On Tuesday we get the Consumer Confidence 30 minutes into
the trading day. With the short term overbought extremes and
a couple of Vix sell signals, the market is vulnerable
unless the initial resistance is broken and held. Should the
ES get back to test the Monday highs, and the move runs out
of gas and stalls out like on Monday, a repeat of the Monday
action is likely.

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

1026.50-1027.50
1032.00-1032.50
1035.00
1038.00-1038.50


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

1021.25-1020.50
1017.50
1014.75-1014.00
1007.75-1007.00 **strong


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

1639.00-1639.75
1642.75-1643.00
1648.25
1652.00-1653.50


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

1627.75-1627.25
1624.00
1620.50-1620.00
1610.50-1608.75 **strong


September 2009 Dow futures resistance
symbols: emini = ymu9

9514-9519
9552-9555
9576
9591-9596


September 2009 Dow futures support
symbols: emini = ymu9

9474-9470
9442
9408-9404
9350-9346 **strong


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

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: 08/24/09

HOW OUR DAY WENT: Early strength into new high ground
ran out of steam at 1035.00 on the ES, we had resistance
at 1036.00 and members were Instant Messaged that a top
could be in place. The market proved it shortly there-
after and the ES dropped to 1023.25. Updated resistance
at 1027.50 was met on the bounce, then a drop to 1021.25
new low followed. That was 1 tick above the 1021.00-
1020.50 support zone. A 4.75 point bounce off of that
support followed, but it fizzled and at 1026.00 and set
up a short, and the ES fell to 1021.75 before a rebound
into the close.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/23/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 23 / 2009

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 8/23/2009

Last week started with the ES dropping 21.50 points off of
the 1005.75 previous Friday close. On Tuesday and Wednesday,
the ES was reversed from just under the 980 level and by
Thursday's close the ES made it a round trip back to close
at 1004.75. I was expecting a selloff from there, but on
Friday the ES gapped up 9 points on the open. That was a
breakout to a new recovery high, and the ES rallied to the
1027.00 before backing off a bit into the close.

The market continues to be very resilient, as buying
continues to come in on the pullbacks. Right now however,
the market should be a bit extended. The closing Trin on
Friday was a miniscule .30. If the numbers were turned
around, that is the same as a closing Trin at 3.40. Those
are short term extremes that tend to mark a turn in the
trend within the next 7 trading hours. In addition, the
short term gauges are at big extremes on the overbought
side. Finally, the Vix jumped way up on Monday and it gave a
couple buy signals, but at Friday's close we had the
opposite and one Vix sell signal.

So, it looks like the market should pull back some early in
the week, and then when we get to Wednesday the end of month
upside bias should take hold and give the market a lift. On
Monday look for early strength to set up a shorting
opportunity. However, as long as the ES doesn't break the
1021.00-1020.50 area, the trends will still point higher. If
that area breaks, there should be strong support around the
1014.75-1014.00 area that should hold unless the market is
losing its strength.

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

1026.50-1027.00
1030.50-1031.00
1036.00-1036.50


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

1024.75
1021.00-1020.50
1014.75-1014.00
1007.75-1007.00 **strong


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

1639.00-1639.75
1645.50-1646.00
1652.00-1653.50


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

1633.75
1627.75-1627.00
1620.50-1620.00
1610.50-1608.75 **strong


September 2009 Dow futures resistance
symbols: emini = ymu9

9504-9508
9541-9544
9591-9596


September 2009 Dow futures support
symbols: emini = ymu9

9478
9464-9460
9408-9404
9350-9346 **strong


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

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: 08/21/09

HOW OUR DAY WENT: I was really wrong about Friday being
a down day, but after the market got moving we adapted
and caught a short on the NQ and then when the ES
reversed from the updated support a buying opportunity
set up. Nobody is right all of the time, and by getting
back in the flow of things the day turned out all right.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/20/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 20 / 2009

(Published Since 1996)

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


Dateline: 6:26 pm eastern time, 8/20/2009


A lower open was reversed on Thursday, and the ES rallied
from 994.25 up to the 1003.50-1004.00 resistance zone. From
1 tick under that zone, the ES pulled back 4 points from
1003.25 to 999.25 and then turned right back. The ES then
bounced back to 1004.75 before fizzling and pulling back.
The 1004.50 area turned into a lid, but the ES traded in a
3.50 point range for over 4 hours. Then in the last hour the
market caught a bid and rallied up to make a tiny double top
at 1007.75. That was aggressively sold and the futures fell
off into the close.

The market is back near the highs, so the upside won't be
easy from here. The market had 3 decent days after the
Monday drop, but the air gets thin when the market gets up
here. The bids dry up and locking in profits is the first
order of business. The way the futures acted near the close
looks like a tip-off for lower prices on Friday. The ES
settled under fair value for the first time in 6 days. They
also quickly rejected a good resistance area (the 1007 level
was exceeded by 3/4 of a point), rather than punish shorts
with another big run-up into settlement time.

We get Existing Home Sales 30 minutes into trading on
Friday. At this point it looks like reward/risk is skewed in
favor of the bears short term. Also, a poor day on Friday
would give 1-2-3 top patterns on the daily charts. Bigger
picture, it would make the weekly low at 975.50 a major
support level, and odds would be good for a drop towards the
965.50 level at a minimum.

On Friday look to sell any early strength that reverses from
around the initial resistance, if we get that. If the market
opens lower, then beware that the first bounce will set up a
shorting opportunity if the move stalls out or quickly
reverses, especially if that occurs just under the Thursday
afternoon highs. It would take a solid move through those
areas, that's not quickly reversed, to set up a little melt-
up action. If somehow the ES rallies through the 1016.00-
1017.00 area, then we could see 1024-1025 before the upside
tops out. It is low odds, so don't hold your breath on that
happening.


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

1007.50-1008.00
1012.00-1012.50
1016.00-1017.00


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

1004.25
1002.00-1001.50
999.00-998.50
992.25-991.50
988.75-987.75


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

1619.75-1620.25
1624.50-1625.50
1629.25-1631.00


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

1612.75
1608.25-1607.50
1604.00-1603.00
1597.75-1596.50
1591.50-1590.25


September 2009 Dow futures resistance
symbols: emini = ymu9

9347-9352
9388-9394
9408-9411


September 2009 Dow futures support
symbols: emini = ymu9

9315
9302-9298
9279-9276
9242-9238
9201-9197


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

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: 08/20/09

HOW OUR DAY WENT: The ES rallied to the 1003.50-
1004.00 resistance after the reversal at the open. The
ES barely poked over that zone, then gave us a 4 point
pullback. Then members were told that the 1004.25
level was in important level to get thru. Giving
that a 1 tick leeway, the ES rejected that level
3 times. In the last hour the ES cut through that
lid and moved up to 1007.75. They broke our target for
a reversal by 3/4 of a point, then reversed and fell
into the close.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/19/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 19 / 2009

(Published Since 1996)

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

Dateline: 6:21 pm eastern time, 8/19/2009

The ES opened down 11 points on Wednesday and reversed right
from the get-go. The break and hold back over the 981.00-
981.50 zone was good for a sprint to 988.75 before the move
fizzled. A triangle pattern formed, but the market was
"okay" if 985.50 held and that was the pullback low before
the market shot higher again. The rally was rejected just 1
tick over the 998.00-998.50 resistance zone, and then a
pullback to 991.50 followed. Buyers stepped to the plate in
the last 45 minutes and the market rallied into the close.

On Thursday we get initial jobless claims before the open,
and it could be a market mover. The drops, no matter how
hard, are finding buyers coming in and it is keeping the
market afloat. However, when the upside stalls out we get
good tradable pullbacks. For now, treat this as a trading
range. Look for a buying opportunity if the market gets hit
again, but still holds over the 975.50-974.50 area on the
ES. On the upside, should the ES rally back over the 1000
level, beware of a reversal when the move stalls out. It
looks like the 1006.50-1007.00 area on the ES should offer
strong resistance.

On Thursday look to "fade" the early emotion especially if
there is a pop up open that reverses in the first 30 minutes
or so. If that plays out, a drop back towards the 989.50-
989.00 area should be reversed if the market is still in
good shape.

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

998.25-998.75
1003.50-1004.00
1006.50-1007.00 **key area
1012.00-1012.50


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

992.00-991.50
989.50-989.00 **should hold if strong market
985.50-985.00
981.50-981.00
975.50-974.50 ** short term major


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

1600.75-1601.75
1609.50-1610.50
1615.75-1616.50 **key area
1622.50-1623.50


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

1592.00-1591.50
1586.50-1586.00 **should hold if strong market
1579.00-1578.25
1572.50-1571.25
1562.25-1561.25 ** short term major


September 2009 Dow futures resistance
symbols: emini = ymu9

9297-9301
9347-9351
9374-9378 **key area
9428-9431


September 2009 Dow futures support
symbols: emini = ymu9

9242-9238
9213-9209 **should hold if strong market
9178-9173
9154-9149
9091-9085 ** short term major

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: 08/19/09

HOW OUR DAY WENT: The market gapped down on Wednesday,
then reversed right away. The break and hold back over
the 981.00-981.50 zone was good for a sprint to 988.75
before the move fizzled. A triangle pattern formed, but
members knew that the market was "ok" if 985.50 held and
that was the pull-back low before the market shot higher
again. The rally was rejected just 1 tick over the 998.00-
998.50 resistance zone, and then a pullback to 991.75
followed.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/18/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 18 / 2009


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

Dateline: 6:01 pm eastern time, 8/18/2009

The market opened higher on Tuesday, then after a pullback
to Monday's closing range on the ES, it reversed back to the
upside from a 979.00 low and then bounced back 10 points to
989.25 by noon. An early afternoon pullback was reversed
from 985.75 and then the choppy trend up move continued. The
ES popped up to 990.00 and then backed off Just as fast.
Another quick bounce back to 989.75 was reversed and then
after dropping 3.50 points the ES rallied back to settle
just under the high for the day.

The market was short term oversold after the Monday drop.
The recovery from the Monday selloff almost made it back to
the break-down zones, which are at the bottom of the old
trading range on the futures contracts. The market will
remain vulnerable unless the ES gets over the 992.25-992.75
and it not quickly reversed. Also, the initial support areas
need to hold on Wednesday. If those areas are not defended,
or quickly reversed if broken, then the oversold bounce
could be over and the intraday trends will roll over.

If there is early strength on Wednesday, it should set up a
good shorting opportunity. If that plays out, then be on
alert for a reversal from the initial support areas. If not
held, then the market will likely head back to test the
Monday lows and maybe breaking them before turning
back up..

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

992.25-992.75
994.75-995.50
998.00-998.50
1003.50-1004.00

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

985.50-984.50
981.50-981.00
975.50-974.50

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

1589.50-1590.50
1594.50-1596.00
1601.75-1602.75
1610.50-1612.00

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

1581.00-1580.25
1572.50-1571.25
1562.25-1561.25

September 2009 Dow futures resistance
symbols: emini = ymu9

9211-9215
9239-9243
9268-9271
9321-9326

September 2009 Dow futures support
symbols: emini = ymu9

9180-9176
9154-9149
9091-9085

CLICK HERE to watch a short video on how to best use our service in your own trading.

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: 08/18/09

HOW OUR DAY WENT: Their was no nightly update last
night, but we caught a couple of trades via instant
message and the intraday updates also helped, like
the last pullback reversing from 1 tick the over the
986.00 support then bounced 3.50 points into the 4:15
settlement.

Good Trading,
Mike Reed
TradeStalker.com

Today's Trading Recap: 08/17/09

HOW OUR DAY WENT: The toppy action last week was
confirmed with the ES opening 21.50 points lower on
Monday. With that much damage done, and the trading
range broken, the bounces were shorting opportunities
all day.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/16/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 16 / 2009

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 8/16/2009

The market opened weak on Friday and then sold off pretty
hard in the first hour. The ES dropped 21.75 points from
Thursday's 1014.00 high down to 992.25 shortly before noon,
and then the action slowed to a crawl. The ES traded
sideways between the 993.50 level on bottom and 996.75-
997.50 zone on the top going into the last 30 minutes of
trading. In the last intraday update I stated:

"That 996.75-997.50 zone must be blown through,
and then hold on a dip, to get anything going on
the upside."

At 3:46 pm the ES broke thru and reached 1000.50. A dip to
998.00 occurred at 3:51 pm, then the ES rallied 9.00 points
to 1007.00 at 4:12 pm, a nice setup to end the week.

The market is still range bound, and on Thursday the ES was
2 points from the top and then on Friday the ES fell to just
2 points above the bottom of the range. For the time being,
and with the market being so resilient, the market will be a
buy near the bottom side and a short near the top side until
there is a breakout that sticks.

On Monday look for early strength to set up a shorting
opportunity. If that plays out, then the first decent
pullback should be bought, especially if the initial support
is held. If it is not held, then the market could fall back
inside the Friday afternoon range and see if that is just
backing up to get a good rally going. If there is early
strength that reaches the 1011.50 area on the ES and/or
1623.50 on the NQ, and the move reverses, that would set up
a good short.

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

1006.50-1007.00
1011.50
1015.50-1016.00
1020.00-1020.50


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

1001.50
998.00-997.50
994.00-993.50
990.00-989.50


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

1617.75-1618.75
1623.50
1631.50-1633.50
1637.00-1637.75


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

1608.75
1603.75-1603.00
1600.50-1599.75
1595.00-1594.50


September 2009 Dow futures resistance
symbols: emini = ymu9

9328-9331
9365
9398-9404
9444-9449


September 2009 Dow futures support
symbols: emini = ymu9

9281
9255-9250
9216-9212
9184-9180

CLICK HERE to watch a short video on how to best use our service in your own trading.

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 08/13/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 13 / 2009

(Published Since 1996)

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


Dateline: 6:21 pm eastern time, 8/13/2009


The market popped up on Thursday morning but the move was
sold and the ES dropped from 1008.25 to 998.00 in short
order. A reversal from that level started a run-up to the
1011.75-1012.50 resistance zone. From a 1012.00 high, the ES
reversed and spilled to 1002.50 and reversed once again. The
rally started around 2 pm and from that level the ES rallied
to 1009.75 before pulling back. The dip held the 1008.00
level on the ES and it turned back up and rallied to 1014.00
just before settlement.

The amazingly resilient market has rallied back to the top
of the recent range on the SP500 cash and futures. Both the
ES and NQ closed well over fair value, so about 4 points on
the SP500 cash and 10 points on the Nasdaq 100 cash is
factored in on the upside to start Friday. We get the CPI,
Capacity Utilization and Industrial Production data before
the open on Friday and it should be a market mover.

With selling coming in at/near new high territory, and
buying coming in on the sharp pullbacks that reverse, the
intraday volatility is picking up and this should continue.
Look to be a buyer on a drop back towards the 1000 level on
the ES if/when there is a reversal pattern, and sell the
rallies after they have run for awhile and then stall out.
No damage is done unless the initial support areas are
broken, and then act as resistance on a bounce. That would
cause a transition back to the downside, and likely bring a
test of the Thursday afternoon lows. If the market gets back
down there and cannot snap back, then the weekly chart will
look poor and it could be the start of a move back to the
bottom of the range at the 990 area.

To start the day, look for early strength to set up a
shorting opportunity. If that plays out, and there is a drop
towards the 1008.75-1008.25 area and it holds/reverses, then
it will set up a trade on the long side. If that area isn't
held, a drop to the 1002.50-1001.50 area would need to hold
to avoid trouble. Should the ES get through the 1015.50-
1016.00 area and not quickly reverse, then a push towards
the 1020.00-1020.50 area is likely. Beware that if that area
is reached and rejected, it would set up a shorting
opportunity.



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

1014.00
1015.50-1016.00
1020.00-1020.50
1023.50-1024.50


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

1008.75-1008.25
1005.00-1004.50
1002.50-1001.50
998.50-997.50


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

1633.50
1637.00-1637.75
1641.75-1642.50
1647.00-1647.75


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

1624.50-1623.50
1620.25-1619.50
1616.00-1615.25
1610.50-1610.00


September 2009 Dow futures resistance
symbols: emini = ymu9

9393
9404-9408
9444-9449
9473-9477


September 2009 Dow futures support
symbols: emini = ymu9

9346-9341
9324-9321
9304-9299
9286-9282


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

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: 08/13/09

HOW OUR DAY WENT: The ES reversed from 1008.00-1008.50
resistance on the open, and dropped 10 points to 998.00.
The rally reversed at 1012.00, right at 1011.75-1012.50
resistance zone. The drop broke the 1006.50 support and
then I sent an Instant Message telling members:

Aug 13-14:11) mike: stay with shorts to 1003.50, or lower.

The ES reversed from 1002.50, then bounced to 1007.75
before stalling out. Just 1 tick under resistance, the
ES dropped to 1005.00 and members were told that the ES
had support at 1004.50 then turned back up. Then the 1008
level was exceeded, and held on a pullback setting up a
long for the rally into the close. So, we caught some of
both sides in a back-and-forth day.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/12/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 12 / 2009

(Published Since 1996)

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

Dateline: 6:22 pm eastern time, 8/12/2009

The ES opened lower on Wednesday and then turned up from
just over the 990.25-990.00 initial support. That set up an
early trade on the long side, and it was a stronger move
than anticipated. Then the ES trended higher into the Fed
release, and after stalling and reversing from 1 tick under
the 1008.00-1008.50 zone (1007.75 high) the ES dropped to
1000.50 before reversing. The next move was about straight
up, going right through the 1007.75 high on the way to the
1011.75-1012.50 resistance area. The ES made it to 1011.25
and the fell to 1008.00, then a bounce to 1011.25 reversed
and the market sold off pretty fast into the close.

The ES continues to be range bound between 1016 on top and
990 on the bottom side. The trip to the upper end of the
range at the 1011.25 level was sold aggressively. However,
there must be a lot of shorts trapped below as the selling
has been absorbed and reversed sharply on a number of
occasions lately. A turn lower from up here would make a 123
type top on the daily chart. the market would then be
vulnerable and there could be a 5-7% drop from up here.

On Thursday the market will be "ok" as long as the ES and
the other futures contracts stay over their initial support
areas. It will be a surprise if the market can pull that
off. on the other side of the coin, with moves not able to
hold, look for shorting opportunities as soon as an upside
run fizzles out. The better reward/risk trade should be on
the short side under the Wednesday highs. If the market gets
hit with a selloff from up here, and finishes the week down
near 990 on the ES, it could be the beginning of a bigger
drop towards the 958-954 area at a minimum.

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

1011.75-1012.50
1015.50-1016.00
1020.00-1020.50

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

1001.00-1000.50
995.50-995.00
990.25-990.00


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

1627.00-1627.75
1633.00-1633.75
1637.00-1637.75
1641.75-1642.50

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

1613.75-1613.25
1607.50-1607.00
1593.75-1592.75

September 2009 Dow futures resistance
symbols: emini = ymu9

9369-9372
9400-9404
9435-9439
9494-9499

September 2009 Dow futures support
symbols: emini = ymu9

9306-9300
9286-9282
9216-9212

CLICK HERE to watch a short video on how to best use our service in your own trading.

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: 08/12/09

HOW OUR DAY WENT: The ES opened lower and then turned up
from just over the 990.25-990.00 initial support. That
set up the early trade on the buy side, and it was a
stronger move than anticipated. Then the ES trended higher
into the Fed release, and after stalling and reversing
from 1 tick under the 1008.00-1008.50 zone (1007.75 high)
the ES dropped to 1000.50 before reversing. The next
move was about straight up, going right thru 1008.00-
1008.50 zone on the way to the 1011.75-1012.50 resistance
area. The ES made it to 1011.25 and the fell to 1008.00
[old resistance turned new support] and then bounced to
make a double at resistance. Members were warned by IM:

Aug 12-15:25) mike: they just made a top 1 tick under resist,
now 1008.00-1007.75 old R must hold to avoid a drop towards
1005-1004

That set up a nice short as the ES easily met the 1005-04
target as it fell 9.25 points into the close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/11/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 11 / 2009

(Published Since 1996)

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

Dateline: 6:02 pm eastern time, 8/11/2009

The market opened lower on Tuesday, below the 1001.75-
1001.25 zone on the ES, and continued to go lower in trend-
down fashion to 990.00 by 11 am. A bounce off that level
failed just under the updated resistance at 994.50-995.00,
then fell back to test the lows. The market firmed up at
990.25 on the ES and the upside got going as the ES rallied
to 996.75. The 997-998 reversal area was missed by a tick,
but the double top at 996.75 started a drop to just above
the lows by the close.

We get the Fed decision on interest rate policy at 2:15 pm
on Wednesday. The market is acting range bound, but the
upside appears limited right now. After making a little
double bottom at the 990.00-990.25 area, the rally to the
996.75 double top was aggressively sold. The initial
resistance areas, across the board, need to be cleared and
not quickly reversed on Wednesday to avoid trouble. On the
bottom side, if the ES breaks the 990 level, then it will
need to quickly reverse back up from the 988.50-987.50 zone.
That would set up a quick trade on the long side, but not
one to overstay as the bounces haven't been sticking and is
also acting toppy.

On Wednesday look for early strength to be sold, and then
the first pullback might turn into a buying opportunity if
there is a reversal from just under the 990 level on the ES.
After the Fed release, there should be a quick back-and-
forth move that lasts 10 minutes or so, then the market
should find a trend that lasts into the very late trading.

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

996.25-996.75 **key, especially early
1001.25-1001.75
1008.00-1008.50 ** major, short if reversed
1011.75-1012.50


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

990.25-990.00
988.50-987.50 ** must hold
983.50-981.75


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

1600.50-1601.00 **key, especially early
1604.00-1604.75
1616.75-1617.75 ** major, short if reversed
1623.00-1623.50


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

1593.75-1592.75
1589.75-1588.75 ** must hold
1581.50-1580.25


September 2009 Dow futures resistance
symbols: emini = ymu9

9246-9251 **key, especially early
9276-9280
9333-9337 ** major, short if reversed
9369-9372


September 2009 Dow futures support
symbols: emini = ymu9

9186-9182
9171-9164 ** must hold
9125-9121


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

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: 08/11/09

HOW OUR DAY WENT: The last line of last night's update
stated:

"...the ES needs to quickly reverse if the 1001.75-
1001.25 zone is seen. If the market isn't strong enough
to hold that area, then bounces will set up shorting
opportunities as the market attempts to break the Monday
lows before turning back up."

The ES opened at 1001.00, popped to 1001.75, then turned
back down. That triggered a short and the ES went "trend
down" to a 990.00 low. The little bounces were shorting
opportunities until Monday's low was broken. The bounce
off of 990.00 failed at 994.00, just below 994.50 updated
resistance, then tested the low. Members were alerted that
a move through 994.50-995.00 could mean a move to the 997-
998 area then a reversal. The ES made a little double top
at 996.75 and then dropped 5.75 points to 991.00 by the
close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/10/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 10 / 2009

(Published Since 1996)

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

Dateline: 6:08 pm eastern time, 8/10/2009

A lower open was reversed on Monday, however the ES bounced
to 1007.75 and then the move stalled out. The first decent
bounce could not hold the gains and the market rolled over
and grinded its way down to the 999.50-999.00 support zone
on the ES. The market bounced, but the updated resistance at
the 1002.50-1003.00 area (1002.75 bounce high) was a lid and
the market fell back to make new lows. The ES turned up from
998.25 but the move stalled out after barely poking over the
1003 resistance. The market traded sideways until the last
20 minutes, as the ES pushed through the 1003.50 level and
rallied back to the morning high at 1007.75 just before
settlement.

Most of the internal gauges are back into neutral territory
at Monday's close. The futures settled well over fair value
on Monday, as the sentiment turned bullish in a hurry at the
end of the day. The market was having trouble holding its
gains late last week, but on Monday the action was the
opposite. Although the market reversed last week from
logical areas, and making it look like a top is in place,
the market might be on the way to test the highs from last
week, or make slightly lower highs, before a trading top is
in place. If this plays out and the ES rallies back to the
1011.75-1012.50 area and then reverses, then it could start
a bigger selloff. However, the market should be okay as long
as the 1003.75-1003.25 area on the ES holds on a pullback.
If that area is not held, then the intraday trends will roll
over again.

On Tuesday look for early strength to stall/reverse to set
up a shorting opportunity, especially if there is a reversal
from around the 1011.75-1012.50 area on the ES. If that
plays out, then the first decent pullback needs to hold the
1003.75-1003.25 area on the ES to stay in uptrends. If the
market opens lower, then it will set up a buying opportunity
as long as there is a reversal from the initial support
areas. If those break, then the ES needs to quickly reverse
if the 1001.75-1001.25 zone is seen. If the market isn't
strong enough to hold that area, then bounces will set up
shorting opportunities as the market attempts to break the
Monday lows before turning back up.

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

1008.00-1008.50
1011.75-1012.50
1015.50-1016.00
1020.00-1020.50
1023.75-1024.00


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

1003.75-1003.25
1001.75-1001.25
999.50
995.50-995.00


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

1616.75-1617.75
1623.00-1623.50
1627.00-1627.75
1631.75-1632.50
1637.50-1638.00


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

1608.50-1607.75
1604.75-1604.00
1600.00
1594.75-1594.00


September 2009 Dow futures resistance
symbols: emini = ymu9

9333-9337
9369-9372
9400-9404
9443-9447
9471-9473


September 2009 Dow futures support
symbols: emini = ymu9

9295-9292
9280-9276
9260
9234-9230

CLICK HERE to watch a short video on how to best use our service in your own trading.

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: 08/10/09

HOW OUR DAY WENT: The lower open was reversed, but the
bounce stalled out after reaching 1007.75 on the ES. We
went short when the ES broke 1005.25 and then popped up
to 1006.75 and reversed. The ES "traded by the numbers"
thereafter, as the ES fell to the 999.50 support (6+
point profit opportunity), bounced back to the updated
resistance at 1002.50-1003.00 area (1002.75 bounce high).
From 1002.75, the ES fell 4+ points to 998.25. The
reversal back over 1000 took the pressure off, and after
a slugish move up to 1003 resistance, the ES pushed thru
rallied back nicely into the close.

Good Trading,
Mike Reed
TradeStalker.com

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

TradeStalker's RBI Update 08/09/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 9 / 2009

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 8/9/2009

The market ended the week with a rally into new recovery
high ground on Friday. The ES gapped up 9.75 points, but the
early strength was sold and the market fell quickly. However
after turning back up from 999.50, the market rallied
strongly into the afternoon. After the ES reached 1016.00
the market backed off. After a slow move sideways, the ES
broke the 1013 level and fell 10+ points to the updated
1006-1005 area by the close.

The market continues to reach new high ground, and then
finds time to take profits and sells off. On Friday the
averages made new highs, but the internal gauges made lower
highs. In addition, the Vix gave a couple of sell signals at
Friday's close. How much downside comes from this is hard to
tell, but a deeper pullback should be in the cards. Despite
the breakout of the little range that the market was in
until Friday, the market fell back to the breakout level on
the ES by the close on Friday. The Dow and Nasdaq still have
more to go to do the same.

On Monday the market should be a good short if there is
early strength that fizzles under the initial support areas.
If the market opens lower, then the resumption of the late
Friday selloff should reverse and bounce back if the
1002.75-1002.00 area is held. If the market cannot reverse
early weakness after the first 20-40 minutes of trading,
then a top of some sort might be in place and the bounces
would be shorting opportunities until getting to the 996.00-
995.50 area on the ES. If that area is not held, then a
decent top should be in place and the 988.75-987.75 major
support could be in the cards.

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

1011.75-1012.50
1015.50-1016.00
1020.00-1020.50
1023.75-1024.00


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

1005.50-1005.00
1002.75-1002.00
999.50-999.00
996.00-995.50


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

1623.00-1623.50
1627.00-1627.75
1631.75-1632.50
1637.50-1638.00


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

1617.00-1616.50
1611.00-1610.25
1607.00-1606.50
1600.50-1599.50


September 2009 Dow futures resistance
symbols: emini = ymu9

9369-9372
9400-9404
9443-9447
9471-9473


September 2009 Dow futures support
symbols: emini = ymu9

9317-9314
9292-9287
9264-9260
9234-9230

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: 08/07/09

HOW OUR DAY WENT: The ES gapped up 9.75 points on the
Jobs data, and it set up a short. The ES reversed from
1007.25, just under the 1008.50 resistance, and then
dropped 7.75 points to "old resistance" at 995.50. That
reversal set up a trade on the long side. A rally to
1013 followed. Updated support at 1008 area held, setting
up another long and the ES rallied to 1016.00 before
finally reversing. The group was told that we topped,
and did indeed as the ES fell 10+ points to the 1006-1005
zone into the close.

Good Trading,
Mike Reed
TradeStalker.com

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

TradeStalker's RBI Update 08/06/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 6 / 2009

(Published Since 1996)

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


Dateline: 6:16 pm eastern time, 8/6/2009


The higher open on Thursday was a "gift" short, especially
with the all 3 index futures rejecting resistance areas at
the same time. I had resistance at 1005.50-1006.25 on the
ES, 1622.50-1623.25 on the NQ, and 9289-9292 on the YM, and
with highs at 1005.75 on the ES, 1621.75 on the NQ and 9289
on the YM all rejected, it set up a fast drop. The market
didn't stabilize until reaching the 992.75-991.75 support on
the ES, and a bounce to the updated resistance at 999.00-
999.50 on the ES was sold. The ES dropped from 999.00 to
993.00 and then bounced back, but the move didn't stick and
the 993.00-992.75 zone was cut through. The ES fell to
989.75, a bit above the last support at the 988.75-987.75
zone, and turned back up. The ES reversed off of the 993.50
updated resistance on the first attempt, but after just a 2
point drop, the market turned back up and chopped its way
back to 996.25 on the ES before the close.

The market left the normally bullish end-of-month, first 2
days of a new month upside bias on Wednesday, and the market
has had trouble since then. The rejection of the 1005.50-
1006.25 area on both Wednesday and Thursday puts a lid on
top of what has been a small trading range this week. In
fact, the ES has had just a 17 point weekly range thus far.
With the market moving back and forth in a small range while
in recent new high territory is normally a bearish sign.
Volatility on an intraday basis has been present, but the
market needs to release this energy with a directional move.

On Friday we get the Employment data before the open. The
end of day pattern on Thursday was a rising wedge on both
the ES and Dow cash, so a pop up and reverse type of open
would likely start a quick drop back down. It looks like the
993.00 level on the ES would need to hold to avoid a
breakdown. For now it looks like the market needs to get
over the initial resistance and not quickly reverse to
change the trend. Until proven otherwise, the short side
should continue to offer the "easier" setups, shorting the
bounces when the upside loses its momentum and the move
stalls, as that is when the quick pullbacks/drops begin. If
the ES cannot hold on a test of the 988.75 Monday low, then
the weekly chart will not look good and there would be
resistance around the 994 level. A bounce back would need to
get back over the 994.00 level on the ES and stay over that
level on a pullback to avoid a bad close.



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

996.50-997.50
999.50
1005.50-1006.25 **key**
1008.50-1009.00
1011.50-1012.50


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

993.00
988.75-987.75
982.50-981.75


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

1605.75-1607.00
1610.50
1622.50-1623.25 **key**
1626.75-1627.50
1631.50-1632.50


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

1597.75
1592.75-1591.75
1585.50-1584.50


September 2009 Dow futures resistance
symbols: emini = ymu9

9231-9234
9254
9289-9292 **key**
9317-9322
9355-9359


September 2009 Dow futures support
symbols: emini = ymu9

9207
9164-9159
9112-9108


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

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: 08/06/09

HOW OUR DAY WENT: The higher open was a "gift" short,
especially with the futures all rejecting resistance
areas. Members had 1005.50-1006.25 on the ES, 1622.50-
1623.25 on the NQ, and 9289-9292 on the YM on their
charts, and with highs at 1005.75 on the ES, 1621.75 on
the NQ and 9289 on the YM all rejected, it set up a
fast drop. The market didn't stabalize until reaching
our 992.75-991.75 support on the ES, a drop of 13 points
on the ES. Members were given 999.00-999.50 as new
resistance and the bounce stalled and reversed from
999.00 and dropped 6 points to 993.00. After the bounce
failed the ES fell to 989.75 before turning up. We had
last support at 988.75-987.75, and just missed an entry
on the long side. Still, we nailed the high(s) on the
open, had the first pullback stop at the 992.75 support,
shorted a bounce to 999.00 resistance... another good
day for real time members.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/05/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 5 / 2009

(Published Since 1996)

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


Dateline: 6:08 pm eastern time, 8/5/2009


After a slightly lower open on Wednesday, the ES popped up
to 1004.00 and quickly reversed and the market headed
downhill pretty fast. After getting to 991.75 there was a
bounce, but the move failed and the market went back to test
the lows. A little double bottom formed and the market
headed higher. The 997.00-997.50 zone was rejected twice,
but after a drop to 992.75 reversed, the market headed
higher in stair-step fashion. The upside was rejected when
the ES reached 1003.75, and with double top in place the
market backed off and finished the day around the middle of
the day's ranges.

The market is turning range-bound with selling coming from
the 1003-1004 area and buying coming in around the 992-991
area on the ES. This move is losing upside momentum, and the
bounces are being sold as soon as the upside sprint stalls.
The selloffs occurred fairly quickly also, instead of the
well contained drifts lower we have had most of the time
lately. In addition, my internal gauges turned from extreme
overbought territory and that should at least keep a collar
on the upside. If the ES gets back to the initial
resistance, and the move either stalls or is quickly
rejected, it could be a "last hurrah" before a good sized
correction begins.

The big data will be the Employment data released on Friday,
but on Thursday morning we get the Initial Claims data
before the open. The Nasdaq was the leader on the way up,
but after making a double top at 1632.00 on Tuesday, the
tech sector led the downside on Wednesday. That move by the
semiconductor index is parabolic, as are many of the Dow
stocks, and the Wednesday action was the first visible chink
in this bull market rally. If the NQ continues to drop, the
rest of the market will follow the leader on the way down.
The NQ is the weakest and the better short on bounces for
now.

On Thursday look for early strength as a gift shorting
opportunity. If that happens to play out, then look for a
potential reversal attempt after the first 20-40 minutes of
trading. If the market opens lower instead, then it should
provide a bounce. But be on lookout for that bounce to
fizzle out to set up a shorting opportunity, especially if
there is one more pop to the 1002-1004 area that reverses.
On the downside, the 992.75-991.75 area on the ES (the
bottom of the current range) will need to be defended if
there is another decent sized pullback. If that area is
broken, it would mean that a top is likely forming. If the
market gets down there and turns back up, but can only
bounce back to the 997-998 area at best before reversing,
then things could be changing short to intermediate term.



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

1003.75-1004.00
1005.50-1006.25
1008.50-1009.00
1011.50-1012.50


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

998.50-998.00
995.50
992.75-991.75
988.75-987.75


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

1618.50-1619.00
1622.50-1623.25
1626.75-1627.50
1631.50-1632.50


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

1610.00-1609.50
1606.25
1603.00-1602.50
1598.75-1597.75


September 2009 Dow futures resistance
symbols: emini = ymu9

9275-9280
9289-9292
9317-9322
9355-9359


September 2009 Dow futures support
symbols: emini = ymu9

9228-9225
9210
9169-9164
9144-9130


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

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: 08/05/09

HOW OUR DAY WENT: After closing right at the 1005.00-
1005.50 resistance zone on Tuesday, the market opened
lower on Wednesday and the dip was bought. The pop back
to 1004.00 reversed, setting up a good reward/risk short
for our members. The drop took the market down pretty
fast, then made a double bottom around 991.25 on the
ES. The updated resistance at 997.00-997.50 set up 2
nice scalps. The updated 933 support given intraday held
on the pullbacks, then a run to 1003.75 double top was
a short.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/04/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 4 / 2009

(Published Since 1996)

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


Dateline: 6:02 pm eastern time, 8/4/2009


The lower open held and reversed from just over the 993.00-
992.50 support on the ES Tuesday morning and then bounced to
999.25 before the move fizzled and reversed. A pullback to
994..50 was bought and the ES rallied almost 10 points to
1004.00 by early afternoon. The ES fell to 997.00 and
bounced, but the move fizzled and reversed from 1001.75. A
pullback to 997.00 held and the market finished strong by
rallying to 1005.00 on the ES at the close.

The market is very overbought, but continues to hold on the
pullbacks. The market closed at resistance on the ES while
the Nasdaq is up against its high made on 7-30. If the
market pushes through those areas and does not quickly
reverse on Wednesday, then it looks like the choppy melt-up
might be headed for the 1014 level on the SP500 cash. On the
down side, as long as the pullbacks continue to reverse
after a drop of 5-7 points on the ES, the bulls are still in
charge.

The market should be a short to start Wednesday, if the ES
pops up to the 1008.50-1009.00 zone on the ES and then
stalls/ reverses. However, if that occurs early, beware that
the first decent pullback should set up a buying opportunity
when the downside slows then reverses. The last hour lows
should not be seen if the market is going to remain strong
on Wednesday.



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

1005.00-1005.50
1008.50-1009.00
1011.50-1012.50 ***strong


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

997.50-997.00 ***key
993.50-992.50 ***major on Wedneday
988.75-987.75


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

1632.00-1633.00
1637.50-1638.50
1642.25-1644.50 ***strong


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

1616.75-1616.25 ***key
1612.50-1611.25 ***major on Wedneday
1608.75-1607.75


September 2009 Dow futures resistance
symbols: emini = ymu9

9287-9292
9317-9322
9355-9359 ***strong


September 2009 Dow futures support
symbols: emini = ymu9

9230-9226 ***key
9207-9203 ***major on Wedneday
9174-9170


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

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: 08/04/09

HOW OUR DAY WENT: The lower open held just over the
993.00-992.50 support zone and turned up. A pop from
993.50 to 999.25 followed - a good start to our day.
After a pullback the ES rallied to 1004.00. We were
wanting to short the 1005.00-1005.50 resistance zone
but when the 1001.75 level broke, so did the ES. The
ES double bottomed then went to the 1005.00 resistance
at the close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/03/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 3 / 2009

(Published Since 1996)

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


Dateline: 6:16 pm eastern time, 8/3/2009


A gap up open was sold on Monday as the ES popped up to
995.75 and reversed right away. The first decent pullback
was over 25 minutes later, as buyers stepped to the plate
when the ES reversed from 988.75. The ES ran up to make a
high at 999.25, and then a 7 point pullback followed. After
holding and turning up from 992.25, the market started a
very choppy trend up move into the afternoon. The ES popped
over the 1000.50 resistance, but reversed from 1001.00 and
pulled back. The 997.00 level held, then the ES popped to
1000.50 and reversed back down. That set up a short entry
and the ES dropped back to 996.00 with 15 minutes left in
stock trading. The market turned back up and rallied into
the close.

The market has a good underlying bid, turning back up after
a pullback loses momentum and reverses. The drops have been
between around 5-7 points on the ES, then the buying comes
back in to drive prices higher. On Tuesday we will likely
get more two-sided action, but unless/until there is a break
and hold under the initial support on Tuesday, no damage is
done. However, if the initial support areas are broken, then
the bounces will likely be sold as the trends could be
rolling over. On the upside, most will be watching the 1014
level on the SP500 cash, as it's the .382 retracement from
the 1576.09 high to 666.79 low. That should equate to the
1011.50-1012.50 area on the ES. That should be hard to get
through the first time, so beware if the ES rallies another
10-12 points on Tuesday as the market would be ripe for a
reversal or profit taking of some sort.

On Tuesday look for early strength to set up a shorting
opportunity, and then the first decent pullback should set
up a buying opportunity if it can snap back from a 5-7 point
pullback that holds the initial support. If that support is
not reversed, then we could have a sharper selloff than most
expect begin.



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

1001.75-1102.00
1005.00-1005.50
1009.00
1011.50-1012.50


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

996.50-996.00
993.00-992.25
988.75-987.75
980.00-979.50


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

1628.50-1629.00
1633.00-1634.00
1638.50
1643.25-1644.50


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

1619.00-1618.25
1612.50-1611.25
1608.75-1607.75
1597.25-1596.50


September 2009 Dow futures resistance
symbols: emini = ymu9

9255-9258
9284-9289
9322
9345-9349


September 2009 Dow futures support
symbols: emini = ymu9

9215-9212
9194-9190
9154-9150
9091-9085


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

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