TradeStalker's RBI Update 10/26/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 26 / 2009

(Published Since 1996)

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

Dateline: 6:33 pm eastern time, 10/26/2009

The ES broke over 1078.50 shortly after the open on Monday,
then held it on a pullback, and a rally to the 1086.75-
1087.50 zone followed. The ES reached 1088.50 then dropped,
and then the bounce to 1087.50 reversed. That set up a 1-2-3
top, and when the 1083 level broke, the market went into
free-fall. The ES fell to 1061.25 with 30 minutes left, and
then rallied back about 6 points in volatile trading into
the close.

The ES broke the bottom of last week's range, as the topping
action continues. The short term gauges are getting
oversold, so a bounce could start at any time now as long as
the ES can stay over the 1061.75-1061.25. A break and hold
over the initial resistance can cause a bit of a short
squeeze. Just don't fall in love with the long side, as
bounces are still going to be sold when they run out of
steam. The first big hurdle would be the 1071.50-1072.50
zone on the ES. That's where the break-down occurred, and
should be pivotal. If we do get a decent rally back to the
1076.50-1077.25 zone and it stalls out, that could set up a
good shorting opportunity.

On Wednesday look for early weakness to set up a trade on
the long side if there is a reversal that starts within the
first 40 minutes of trading. If that occurs, then the first
good resistance is around the 1071.50-1072.50 zone on the
ES. The market is still weak unless/until that area is
exceeded. If those are not reversed then the 1076.50-1077.25
zone would be a key resistance. If the ES cannot hold the
1061.75-1061.25 zone, then a drop to the 1056.75-1054.50
zone will reverse if the market is not falling apart.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1067.50
1071.50-1072.50
1076.50-1077.25
1084.50-1085.00


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1061.75-1061.25
1056.75-1054.50
1045.75-1044.75


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1750.25
1754.50-1755.50
1760.50-1761.50
1769.75-1770.75


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1740.75-1740.00
1734.50-1733.00


December 2009 Dow futures resistance
symbols: emini = ymz9

9855
9887-9890
9934-9937
9993-9998


December 2009 Dow futures support
symbols: emini = ymz9

9798-9793
9753-9749

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.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

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

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

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

Today's Trading Recap: 10/26/09

HOW OUR DAY WENT:

The ES broke 1078.50 shortly after
the open, then held it on a pullback, and a rally to
the 1086.75-1087.50 zone followed. The ES reached 1088.50
then dropped, and then the bounce to 1087.50 reversed.
That set up a 123 top, and when the 1083 level broke
the market went into free-fall. The ES fell to 1061.25
with 30 minutes left, a 20+ point move before that late
bounce.

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 10/25/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 25 / 2009

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 10/25/2009


We planned to short early strength that reversed from around
the 1091.75-1092.25 zone and the ES popped up to 1092.75 and
headed down immediately. A drop to 1075.75 followed, and
then there was a decent bounce. In an intraday update I
stated that the 1082.50-1083.00 area shouldn't be exceeded,
and the ES reversed back down from 1082.50 and gave us a
9.50 point drop to 1073.00 before bouncing a bit. They
dropped back to 1072.75 (1072.75-1072.00 was a fixed support
zone) and then bounced back. The 1077-1078 zone was exceeded
by 1 tick and was reversed, and the ES made its way to a new
low at 1071.50 with about 20 minutes left in stock trading.
Buying came in and the ES bounced back to 1077.50 by the
close.

The market has been trading in a range for more than a week,
and on Friday the bottom of that range was tested again. The
market is slightly oversold, so we could see a decent bounce
occur. However, it is doubtful that a rally will stick. The
market appears to be in a topping process, and except for a
scalp, the long side still looks a bit dangerous.

The 1078.50 level on the ES will need to be exceeded, and
held on a pullback, in order to get a rally going on Monday.
However, if there is a run-up towards the 1082.50-1083.00
area and the move stalls/reverses, then that could be it for
a bounce attempt. If there is follow through buying, a
pullback will need to hold the 1078.00-1077.50 area. A break
back under the 1077.50 area would mean that a high is likely
in place, and the bounces would be shorts.

Due to having a trading class on Monday through Thursday,
there will not be as many updates as usual. I'll do my best
to alert you if market conditions change.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1077.50-1078.50
1082.50-1083.00
1086.75-1087.50
1092.50-1093.00


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1071.50-1070.50
1068.25-1067.75
1063.00-1062.50
1056.75-1054.50 - gap


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1755.00-1755.75
1760.00-1761.00
1768.00-1768.50
1775.50-1776.50


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1747.25-1746.25
1742.50-1741.50
1737.50-1736.50


December 2009 Dow futures resistance
symbols: emini = ymz9

9937-9944
9981-9986
10009-10014
10047-10052


December 2009 Dow futures support
symbols: emini = ymz9

9882-9876
9861-9857
9802-9798

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.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

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

Disclaimer

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

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

Today's Trading Recap: 10/23/09

HOW OUR DAY WENT:

We planned to short early strength that
reversed from around the 1091.75-1092.25 zone and the ES
popped up to 1092.75 and headed down immediately. A 17
point drop to 1075.75 followed. The group was told that
1082.50-1083.00 shouldn't be exceeded, and the ES reversed
back down from 1082.50 and gave us a 9.50 point drop to
1073.00 before bouncing a bit. They dropped back to
1072.50 (1072.75-1072.00 was a good fixed support zone)
and bounced to 1078.00 updated resistance. The ES poked
over 1078 by 1 tick, then reversed and dropped 4.75 points
to 1073.50. The next bounce reversed at 1077.50 and then
the ES dropped 6 points to 1071.50 before bouncing. Though
impossible to get (or even consider getting) top and
bottom tick on each swing, that totaled 37 points of
travel range (opportunity) from our shorting areas, so
Mr. Volatility is back for sure!

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 10/22/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 22 / 2009

(Published Since 1996)

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


Dateline: 6:43 pm eastern time, 10/22/2009

The market opened higher on Thursday and that was sold and
the ES dropped from 1080.50 to 1070.25 in the first 35
minutes of trading. The reversal started a good move back,
but the ES had some trouble at 1080.50 again. A pullback
held at 1076.25, and then the move was basically trend-up
into the last 40 minutes of trading. After reaching the
1092.25 level (the 1091.75-1092.25 was last listed
resistance) the ES backed off 4.75 points to 1087.50 before
firming into the close.

The trends and momentum are both back in favor of the bulls
at the moment. however, if the market rallies up to a lower
high and reverses on this move up, then a bigger picture 1-
2-3 type of top could form up here. The market went from
very overbought coming in to the week, to modestly oversold
on Wednesday, and now back to neutral at the moment. The Vix
dropped to a new low for the year, and if that drops much
further and then reverses, it would be a red flag. In any
case, for now the trends remain bullish as long as the
1087.00-1086.50 area on the ES can hold. If that zone is
broken, and not quickly reversed, then things are likely
changing.

We will get the Existing Home Sales number on Friday at
10am, and it could be a market mover. If there is early
strength, and the move reverses from a test of the 1091.75-
1092.25 zone on the ES, that could start a decent pullback.
If that pullback can hold at the initial support areas, then
the market will be in decent shape for a possible run
towards the 1098.50 high. If that zone is not held, then
odds are good that the market either drops pretty hard or
just chops within a range. If the ES falls to the 1076.75-
1076.25 area, that would be a good spot for a reversal if
the market is in decent shape, and not topped out.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1091.75-1092.25
1094.50-1095.50
1098.00-1098.50
1102.50-1104.00


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1087.00-1086.50
1080.25-1079.25
1076.75-1076.25
1072.75-1072.00
1070.25-1069.75

December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1766.00-1766.50
1769.75-1770.50
1775.25-1776.50

December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1758.75-1758.00
1751.75-1751.00
1748.50-1747.75
1743.50-1742.50
1738.50-1737.50

December 2009 Dow futures resistance
symbols: emini = ymz9

10053-10057
10068-10073
10103-10109

December 2009 Dow futures support
symbols: emini = ymz9

10015-10012
9968-9964
9936-9933
9866-9862
9832-9828

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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed
TradeStalker.com

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

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: 10/22/09

HOW OUR DAY WENT:

The higher open was a short and the
ES dropped 10 points to 1070.25 and quickly reversed.
We were looking for a reversal to the upside to occur
in the first 40 minutes, and that happened about 30
ninutes into the day. The market was a lot stronger
than expected, and we got caught on one shorting attempt,
but then found support to buy on the way to the the
1091.25-1091.75 area on the ES and 1766.00-1766.50
resistance area on the NQ.

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 10/21/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 21 / 2009

(Published Since 1996)

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

Dateline: 6:23 pm eastern time, 10/21/2009

The market opened lower on Wednesday, then turned up and
rallied to a new high on the ES for the year. That 1098.50
level was soundly rejected, and then the upside began to
churn. That meant a loss of momentum, and after a poke to
1095.50 failed, the ES dropped to its afternoon low just
over 1091 and then bounced again. The move stalled out after
1094.75 was touched, and then in the last hour the late
buyers headed for a crowded exit door. The ES fell 22+
points from that 1094.75 bounce high to 1072.50, right at
the last support at the 1072.75-1072.00 zone, before a
bounce into the close.

It is no surprise to see the late day dumping of stocks on
Wednesday. As noted in the weekend update, the market is
vulnerable and in a topping process. Given the complacency
among buyers, this selloff should be more than a 1 day
affair. The topping process appears to be over now given the
technical damage done by the late drop.

On Thursday we get Initial Claims before the open, and the
Leading Indicators 30 minutes into the day. If the market
opens lower, look for a reversal in the first 40 minutes to
set up a decent bounce. However, don't expect a bounce to
stick as the path of least resistance should be to the
downside and a drop back towards the 1063.00-1062.50 area on
the ES would be key. If there is a bounce back towards the
1088.00-1088.50 area, and the run-up stalls out, it should
set up a very good shorting opportunity.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1082.75-1083.50
1088.00-1088.50
1091.25-1091.75
1094.50-1095.50

December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1072.75-1072.00
1068.00-1067.50
1063.00-1062.50
1056.00-1054.50

December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1756.50-1757.00
1762.00-1762.50
1766.00-1766.50
1771.75-1772.50

December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1748.50-1747.75
1743.50-1742.50
1738.00-1736.50
1733.25-1732.50

December 2009 Dow futures resistance
symbols: emini = ymz9

9940-9944
9975-9979
10007-10011
10037-10043

December 2009 Dow futures support
symbols: emini = ymz9

9844-9838
9811-9808
9751-9747
9716-9712

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: 10/21/09

HOW OUR DAY WENT:

FANTASTIC ! The lower open reversed
and then the move was parabolic to new highs. After
that occurred, the market started acting very toppy
and after a dip to 1091 members of our team were told
to short a bounce to the 1094-1095 area that stalled.
That's *exactly* what happened as the ES bounced to
1094.75 and stalled out with about an hour left in
trading. Then we got a break lower, and with the ES
dropping 22+ points from 1094.75 to 1072.50 (1072.75-
1072.00 was our last support area) it was very nice
trade for our group. They were given a lot of guidance
via Instant Messages also.

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 10/20/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 20 / 2009

(Published Since 1996)

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

Dateline: 6:29 pm eastern time, 10/20/2009

We were shorting early strength on Tuesday, and the ES
popped up on the open and headed lower from there. The ES
dropped from 1095.25 to 1087.25 before bouncing. That was at
the 1087.50-1086.50 support area, but the bounce stalled out
and reversed from the 1092.00 level on the ES and then broke
down. The ES fell to 1082.00 and quickly reversed, and
holding that 1083.00-1082.50 support kept the market from
caving. Buying came back in and the ES rallied to the
1087.50-1088.50 resistance. That gave us a 2.75 point dip
and a 3.75 point dip before the market firmed and closed on
an upswing.

The market is in 'sell the bounce mode' unless the late
Tuesday highs are cleared and not quickly reversed. The
rallies are not holding, and while the market reversed a lot
of the Monday gains, the sentiment is even more complacent.
The 5 day RSI on the Vix dropped to 12.6, a level not seen
in a few years. The intraday pattern on Tuesday was a big
rounded top, and that is what the daily chart is looking
like if there is more weakness on Wednesday.

We get the Fed's Beige book release at 2 pm on Wednesday. To
start the day, use early strength to get short, especially
if the initial resistance around 1090 on the ES and 1759 on
the NQ is tested. If the initial support is held, then one
more run-up would be possible. However, if those areas are
broken, then the trends will roll over again, and a test of
the Tuesday lows would need to hold. If the 1082.50-1082.00
area does not hold, then the ES should at least test the
1077.75-1076.50 area before a reversal.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1090.00
1092.00-1093.00
1096.25-1096.75
1102.00-1103.25


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1087.25-1086.75
1082.50-1082.00
1077.75-1076.50
1072.75-1072.00


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1759.00
1761.25-1762.50
1766.00-1766.50
1775.50-1776.50


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1753.00-1752.5
1744.50-1743.50
1738.00-1736.50
1733.25-1732.50


December 2009 Dow futures resistance
symbols: emini = ymz9

9998
10022-10027
10058-10064
10106-10112


December 2009 Dow futures support
symbols: emini = ymz9

9982-9979
9939-9936
9884-9878
9842-9838

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.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

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

Disclaimer

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

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

Today's Trading Recap: 10/20/09

HOW OUR DAY WENT:

We wanted to short early strength and
the ES popped up on the open and then reversed. There
was a bounce from the 1087.50-1086.50 support, but it
stalled and reversed from updated resistance at 1092 and
that gave a re-entry for the drop to the major support
at the 1083.00-1082.50 zone. The ES turned back up but
the 1087.50-1088.50 zone was updated resistance and
that gave us a 2.75 point dip and 3.75 point dip to lock
in profits.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 10/19/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 19 / 2009

(Published Since 1996)

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


Dateline: 6:09 pm eastern time, 10/19/2009

Last evening I sent a bearish update, and the day started
perfectly. The ES popped up to near the Friday high on
Monday, reaching 1087.75 just 10 minutes into the day and
they dropped 5 points to 1082.75 by 10 am. However, the move
reversed and when the Friday highs were exceeded we traded
both sides. The 1092.75-1093.25 area gave a quick scalp
short but once broken the 1093 level turned into important
support. A pullback to 1093.25 at around 1 pm set up a trade
to a 1096.75 high, and then a double top formed. A pullback
to 1093.25 with 20 minutes left in stock trading gave a
bounce to 1095.50... but like Friday the ES and NQ both
dropped a good amount into settlement.

Well, with the SP500 closing up 10 points on Monday my
bearish outlook was wrong, or a bit early. Earnings reports
after the close have the futures trading much higher as this
is written. However, the market is skittish (like the last
15 minutes of futures trading on Friday and Monday) and when
we get some bad news, there will likely be a rush out of the
exit door. The upside still appears limited, but the ES
might still want to reach that 1102-1103 area. If that
occurs, and the move stalls out or is quickly reversed, it
would set up a very good shorting opportunity.

On Tuesday look for early strength to be sold, and then if
the market obliges and sells off then that first decent
pullback should set up a buying opportunity if the 1093.50-
1093.00 area on the ES can hold. If that is not held, then a
trading range is the best the market can hope for. If the
1096.25-1096.75 area on the ES is exceeded and not quickly
reversed, then there is a chance of seeing that 1102-1103
area reached before selling / profit taking puts a lid on
the move.



December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1096.25-1096.75
1102.00-1103.25
1107.50-1108.25

December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1093.50-1093.00
1090.50-1090.00
1087.50-1086.50
1083.00-1082.50

December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1773.00-1073.50
1778.00-1779.50
1784.50-1786.00

December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1766.50-1765.50
1761.50-1760.50
1757.25-1756.50
1749.00-1748.25

December 2009 Dow futures resistance
symbols: emini = ymz9

10058-10064
10106-10112
10152-10156


December 2009 Dow futures support
symbols: emini = ymz9

10034-10031
10005-10001
9972-9968
9923-9917


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

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
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 10/19/09

HOW OUR DAY WENT:

Last evening I sent a bearish update,
and the day started perfectly. The ES popped up to near
the Friday high, reaching 1087.75 just 10 minutes into
the day and they dropped 5 points to 1082.75 by 10am.
However, the move reversed and when the Friday highs
were exceeded we traded both sides. The 1092.75-1093.25
area gave a scalp short but, once broken, the 1093 level
turned into important support. A pullback to 1093.25 at
around 1pm set up a trade to a 1096.75 high, and then a
double top formed. A pullback to 1093.25 with 20 minutes
left in stock trading gave a bounce to 1095.50... but
like Friday the ES and NQ both dropped a good amount
into settlement with the ES on its way towards 1088
at a minimum.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 10/18/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 18 / 2009

(Published Since 1996)

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


Dateline: 2:34 pm eastern time, 10/18/2009


The market opened lower on Friday, then the ES bounced back
from 1081.75 to 1086.00 and the move was sold. A drop was
pretty fast and steady to the downside until reaching the
1077.75-1076.50 support zone. A bounce from 1078.25 stalled
and reversed from 1082.00, at the updated 1082.50-1083.00
resistance zone, then dropped back to a lower low at
1077.50. The market reversed back up, but was stopped at the
1082.00 level and a range-bound churn started. The ES
finally broke out higher and the rally to 1087.00 was
reversed. The pullback held at the 1082.50 level, which was
new support, and made 1 last run to 1088.25. That was at the
updated 1088.00-1088.50 updated resistance, and it was
rejected as the ES dropped 7.50 points before the close.

This market is reminding me of both 1987 and 1999 with the
exceptions being that the market is not at an all-time high.
If time permits I'll write a special report, but suffice it
to say that I'm not real comfortable with the long side at
this moment. The dollar was an important issue in 1987, and
the bullish sentiment along with relentless upside move is
reminiscent of late 1999. In any case, this is not a time to
start investing going by my work. It's quite the opposite
short term.

Once again it looks like a top could be in place, and if
there is a shift in sentiment then it could lead to a
sizable downdraft. The daily internal gauges are not keeping
up with the rally, and it set the stage for the Friday
decline. It would take a very good rally from current levels
to fix these divergences. Also, even though the upside
appears very limited, especially with the rejections and
quick drops on the Thursday and Friday rally attempts, the
sentiment is very complacent now. The 10 day put/call ratio
reached a yearly low (which is bearish from a contrary
viewpoint) on Thursday and Friday. In addition to that, with
the market getting a bit shaken up on Friday, the Vix fell
to another yearly low. That is now more than 10% under its
10 day average close, and the 5 day RSI is at 13.60. The
last time it was that low was in April just before a 4% drop
over a couple of days.

As for prices, there is a big cluster of resistance near
last week's high on the SP500 cash. First, their is symmetry
1096.83. From the low at 666.79 on the SP500 cash, the first
leg up equaled 289.45 points to the 956.23 high on 6-11. The
SP500 cash then fell 86.92 points to a low on 7-8 at 896.32,
and then started this leg higher. This leg will be a
Fibonacci 78.6 times the first leg up at 1096.83. In
addition, the gap on the SP500 cash from 10-3 to 10-6 is at
the 1097.56-1098.14 area. So far the high for this leg up is
1096.56, made last Thursday, is right at that zone. Also,
the SP and Nasdaq futures both closed under their Thursday
lows on Friday. That is one of the first steps in a topping
process.

On Monday look for a shorting opportunity if the market
opens higher, and especially if the Friday highs are tested.
If the market gets back near those highs, and then reverses,
it could start a sizeable downdraft. If those areas are
exceeded and held, then there could be one more run towards
the 1102.00-1103.00 area on the ES, where there should be
very strong resistance. If the market opens lower, then be
on alert for a reversal from a test of the 1077.75-1076.50
zone on the ES. However, if the market sells off to those
low areas from Friday, and cannot reverse, then a trip to
the 1072.75-1072.00 zone would be in the cards and possibly
head towards the 1068.25-1067.75 zone before a bounce
attempt.



December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1088.00-1088.50
1092.75-1093.25
1097.50-1098.25
1102.00-1103.00


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1081.50-1080.75
1077.75-1076.50
1072.75-1072.00
1068.25-1067.75


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1745.75-1746.25
1753.50-1754.25
1760.00-1761.00
1767.50-1768.50


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1731.25-1730.50
1725.00-1724.00
1717.75-1716.50
1712.00-1710.75


December 2009 Dow futures resistance
symbols: emini = ymz9

9967-9971
10004-10007
10044-10049
10082-10087


December 2009 Dow futures support
symbols: emini = ymz9

9918-9914
9884-9878
9842-9838
9801-9798


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

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: 10/16/09

HOW OUR DAY WENT:

We ended with a good day. After the
lower open, the market bounced but the move fizzled at
1086 on the ES and dropped hard to just over the 1077.75-
1076.50 support. A bounce from there stopped and reversed
from the updated resistance at 1082.50-1083.00, and then
dropped back to 1077.50 (support). After chopping between
support and resistance for several hours, the ES broke out
of the range and sprinted higher. A little more than 10
minutes before reaching the 1087.00 high, an Instant
Message was sent to the group stating:

(Oct 16-13:28) mike: if 1 more pop towards 1086.50-1087.50
ideal short w/ tight stop

The ES popped up to 1087.00 and it set up a 4.50 point
drop to 1082.50 support. Before getting there I helped
with the exit, writing:

(Oct 16-14:09) mike: lock in partial profit 1083 or
better here, trail the rest

To end the day, members were told the market was topping
and followed that "tirade" by telling them:

(Oct 16-15:38) mike: 1088.00-1088.50 resistance

The ES then rallied back to 1088.25, then dropped 7.50
points to 1080.75 by the close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 10/15/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 15 / 2009

(Published Since 1996)

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

Dateline: 6:08 pm eastern time, 10/15/2009

The market opened lower on Thursday, and the ES held the key
1083.00-1082.50 support zone and turned up. The move fizzled
at 1087.50, 1 tick under Wednesday's settlement, then fell
back to 1082.75 and reversed again. A rally back to 1088.00
was rejected, but the market didn't fall too far before
turning back up and broke through the 1088 level. The ES
held at 1088.25 on a pullback, then after there was sprint
to a new high at 1093.25 the move fizzled shortly after
stocks closed and then dropped to settle under fair value.

The indicators that were overbought are giving a bearish
divergence at Thursday's close. In addition, the Vix
imploded by 5% when the market was basically flat for the
day shows that there is almost no fear of the downside. The
Vix gave 3 out of 5 possible sell signals at Thursday's
close, and if it reverses on Friday it could give all 5 sell
signals.

Like noted last night, the market is battling between an
extreme overbought status versus good upside momentum. On
Thursday the 1083.00 area was key, and on Friday is looks
like the 1088.50-1088.00 area could play the same roll. If
that can hold, no damage done yet. However, if broken, then
the 1083.00-1082.50 area will be a major support zone. If
those are not held, then a top of some sort should be in
place short term.

On Friday look for early strength to be sold, then the first
decent pullback must hold that 1088.50-1088.00 area. If that
is broken, and not quickly reversed, then the trends will
roll over and a test of that 1083.00-1082.50 area may be in
the cards. If the market can hold the initial support, then
one more run-up towards the bottom of the gap at the
1102.00-1103.00 zone (from 10-06-08) might be tested before
this mini melt-up is over.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1092.75-1093.25
1097.50-1098.25
1102.50-1104.00 major

December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1088.50-1088.00
1083.00-1082.50
1077.75-1076.50
1072.75-1072.00

December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1754.00-1755.00
1760.00-1761.00
1767.50-1768.50

December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1746.25-1745.75
1741.75-1740.50
1737.00-1735.50
1731.25-1730.50

December 2009 Dow futures resistance
symbols: emini = ymz9

10004-10007
10044-10049
10082-10087

December 2009 Dow futures support
symbols: emini = ymz9
9961-9957
9922-9918
9881-9876
9842-9838


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

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: 10/15/09

HOW OUR DAY WENT:

The ES opened at the key support at
the 1083.00-1082.50 area (1083.00 early low) and reversed,
giving up a trade on the long side and the ES bounced 4.50 points to 1087.50 before the move stalled and reversed.
That was Wednesday's close, and it set up a short that
took the ES back down 4.75 points to 1082.75 key support.
A bounce took the ES up to 1088.00, and that turned
pivotal. We had a small short off that level, but when
finally broken the ES rallied to just 3 ticks under the
1092.50-1093.00 resistance. A pullback to 1088.25 then set
up a long trade that ran up to 1093.25 before reversing
into settle at 1089.75.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 10/14/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 14 / 2009

(Published Since 1996)

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

Dateline: 7:56 pm eastern time, 10/14/2009

After a large gap up open was reversed from 1083.00 on the
ES (just above our 1082.00-1082.75 resistance) it dropped to
updated support at the 1077.50-1076.50 area. That was key
and the ES went to 1077.75 and then reversed back up. After
a bounce the 1081.50 level turned into support and just
before the Fed Minutes it was mentioned that the highs were
likely in place. That was wrong. While the ES made a token
higher high and reversed, the rest of the market did not
make higher highs, the market pulled back but that didn't
stick. Buying came back in with an hour left in stock
trading and the market rallied to new highs for the year and
held until just before the close.

The first close back over 10,000 on the Dow will likely not
hold on the first try. The daily internal gauges are getting
to short term extreme overbought readings. The RBI
Oscillator reached an extreme overbought level at
Wednesday's close. That normally sets up sideways, 2-sided
action at best, and normally leads to a selloff. Also, the
short term sentiment has gotten overly bullish short term.
If the Vix reverses from its current level on Thursday, it
would give at least 3 of 5 possible sell signals. If the
market just ignores that, and continues to rally and gets to
the 1102.50-1104.00 area on the ES, that would fill a large
gap on the daily chart and would set up a very good shorting
opportunity.

That said, the upside momentum will remain intact
unless/until the 1083.00-1082.50 area on the ES is broken
and then cannot get back over 1085.50 on a bounce. That
would turn the intraday trends down. In any case, on
Thursday look for early strength to set up a trade on the
short side. This will work nicely if the futures pop up to
their initial resistance areas (especially the NQ) and then
reverse. If that plays out, that first decent pullback needs
to hold the initial support areas, otherwise a top could be
in place short term.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1089.75-1090.50
1092.50-1093.00
1097.50-1098.25
1102.50-1104.00 major


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1083.00-1082.50
1077.75-1076.50
1072.75-1072.00


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1749.75-1750.50
1754.50-1755.00
1760.00-1761.00


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1742.75-1741.50
1738.00-1736.50
1733.25-1732.50


December 2009 Dow futures resistance
symbols: emini = ymz9

9973-9977
9991-9995
10020-10024


December 2009 Dow futures support
symbols: emini = ymz9

9922-9918
9881-9876
9842-9838


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

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 10/14/09

HOW OUR DAY WENT:

After a large gap up open was reversed
from 1083.00 on the ES (just above our 1082.00-1082.75
resistance) members were told there was support at the
1077.50-1076.50 area that was key and the ES went to
1077.75 and then reversed back up. After a bounce the
1081.50 level turned into support. Before the Fed Minutes
the market bounced, and while the ES made a token higher
high the, rest of the market did not, and a quick pullback
followed. A turn higher took the ES to easily to and through
the last resistance zone at 1087.50-1088.00.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 10/13/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 13 / 2009

(Published Since 1996)

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

Dateline: 5:46 pm eastern time, 10/13/2009

The ES opened lower on Tuesday, then bounced to Monday's
closing range and reversed back down, a drop from 1071.00
down to 1063.00 was over in the first 40 minutes, then
buying came in and drove the market higher. The ES reached
1072.00, just under the 1072.50-1072.75 initial resistance,
then dropped to 1066.25 by mid afternoon. A bounce to
1072.00 formed a double top, then the ES dropped 4 points to
1068.00 just before settling.

After the bell earning reports have the market up pretty
high, and near the high on the ES. On top of that, on
Wednesday we get Retail Sales before the open, then the FOMC
Minutes at 2 pm. So the volatility ought to pick up,
especially since neither side has been able to hold on to a
trend for very long.

On Wednesday, look for early strength that reaches the
1076.25-1076.50 zone for a potential reversal. If that plays
out, beware that the first decent pullback should set up a
buying opportunity. That could be around the 1072-1071 area
if the ES fills its gap and then reverses. As long as that
area holds, no damage done and the upside will remain
intact. However, should that zone break and not quickly
reverse, then the trends could roll over and make shorting
the bounces the better odds trade.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1072.00-1072.50
1076.25-1076.50 **strong
1082.00-1082.75 **bottom of big gap
1087.50-1088.00


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1066.50-1066.00 **must hold
1063.00
1060.00-1059.00
1054.75-1054.25


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1731.75-1732.50
1739.50-1740.50 **strong
1746.25-1747.25 **bottom of big gap
1752.75-1754.00


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1724.50-1723.50 **must hold
1720.25
1717.75-1716.50
1704.50-1703.25


December 2009 Dow futures resistance
symbols: emini = ymz9

9836-9842
9872-9877 **strong
9922-9926 **bottom of big gap
9970-9974


December 2009 Dow futures support
symbols: emini = ymz9

9792-9790 **must hold
9759
9714-9708
9682-9679

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: 10/13/09

HOW OUR DAY WENT:

Last night it was noted that a rising
wedge pattern formed late Monday. The ES opened lower,
bounced back to Monday's close, then the strength was
sold as the ES dropped 9.75 points before bouncing back.
A rally then set up a 5.75 point drop from 1072 to
1066.25 after the upside fizzled. Another bounce to
1072.00 gave a double top and a 4 point drop to 1068.00
just before the futures settled.

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 10/12/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 12 / 2009

(Published Since 1996)

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


Dateline: 6:12 pm eastern time, 10/12/2009


We were looking to short early strength on Monday, and the
first intraday update was all that was really needed after
the first 30 minutes as it stated:

"The gap and go open took the ES to the 1075.75-1076.50
zone 30 minutes into trading, and that area was
rejected. If the 1073 level isn't held, the third gap
in 6 trading days will likely fill at 1068.50 on the
ES."

A high was made at 1076.25 and then the move stalled out.
When the updated support at 1073.50 was broken, the ES went
right to 1068.00 level before bouncing. An Instant message
was sent just after 3pm stating:

(Oct 12-15:08) mike: a failure to clear 1072.50 is a
negative. must clear and hold that or mkt still
vulnerable. 1065 now a key/ pivital support

and then:

(Oct 12-15:34) mike: that 72.50 should be it for the
bounce

The ES reached 1072.50, exactly, then stalled and dropped to
1070.00 (we covered at 1070.75 per another I.M.) where it
was able to hold and bounce back to 1072.75 before the
close. That bounce reversed from the 1072.50-1073.00
resistance and the futures softened into the close.

The averages all closed at new highs for the bull move on
Monday. However, the old high area looks like it will be
tough to get through and that a deeper pullback should be in
the cards. That 1076.25-1076.50 area was rejected, yet the
SP500 still closed up for the 6th day in a row. For now, the
market is still vulnerable for more downside unless the
initial resistance areas are exceeded, and not quickly
reversed.

The end of day bounce formed a rising wedge pattern on the 5
minute charts. So, if there is early strength that reverses
from around the 1072.50-1072.75 area on the ES, it should
set up a shorting opportunity. If there is early weakness
first, then a double bottom at the 1068.50-1068.00 area
would set up a quick trade on the long side. However, if
that zone is not defended on Tuesday, then a drop back
towards the 1060.00-1059.00 area would be a test of what
should be key support. The 1054.75-1053.50 area, at a
minimum, is likely should that 1060 level break and then
hold on a bounce.


December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1072.50-1072.75
1075.25
1076.25-1076.50
1082.00-1082.75

December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1068.50-1068.00
1065.50-1065.00
1060.00-1059.00
1054.75-1053.50

December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1729.00-1729.75
1734.00
1739.50-1740.50
1743.25-1744.25

December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1717.50-1716.50
1714.50-1713.25
1707.75-1706.50
1697.25-1696.50

December 2009 Dow futures resistance
symbols: emini = ymz9

9828-9831
9858
9872-9877
9922-9926

December 2009 Dow futures support
symbols: emini = ymz9

9795-9793
9784-9779
9714-9708
9682-9679



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

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
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: 10/12/09

HOW OUR DAY WENT:

We were looking to short early strength
on Monday, and the first intraday update was all that was
really needed as it stated:

"The gap and go open took the ES to the 1075.75-1076.50
zone 30 minutes into trading, and that area was rejected.
If the 1073 level isn't held, the third gap in 6 trading
days will likely fill at 1068.50 on the ES."

A high was made at 1076.25 and then the move stalled out.
When the updated support at 1073.50 was broken, the ES
went right to 1068.00 level before bouncing. Members were
Instant messaged just after 3pm:

(Oct 12-15:08) mike: a failure to clear 1072.50 is a negative. must clear and hold that or mkt still vulnerable.
1065 now a key/ pivital support
(Oct 12-15:34) mike: that 72.50 should be it for the bounce

The ES reached 1072.50, exactly, then stalled and dropped
to 1070.00 (we covered at 1070.75 per another I.M.) where
it was able to hold and bounce back to 1072.75 before the
reversing again as stocks closed. A good day with profits
of 7 points and 1.50 points on 2 low risk shorting
opportunities.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 10/11/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 11 / 2009

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 10/11/2009


After breaking and reversing the 1060 level in the first 10
minutes on Friday, the ES had trouble getting through and
holding the initial resistance areas. The market went into a
narrow and choppy range, then at around 2:30 pm, a run to a
new high in the 1067-1068 resistance zone. There was a
reaction from 1067.75, but the pullback was just to the
1065.25 level that was previously resistance, and then the
market rallied to close on its highs.

The Columbus Day holiday on Monday will probably be thinly
traded again, as not all of the players will be present.
This past week the SP500 closed higher every day, and there
was a gap up on Tuesday and Thursday that are both still on
the charts. The market was having trouble with the rallies
failing, but still had a good underlying bid on the drops.
Had the market reversal from the 1067-1068 area late Friday
gathered some steam, rather than reversing from its breakout
area, the odds of a top being in place would have looked to
be pretty high. But they rallied into the close, so no
damage done so far.

Most of the internal gauges are either neutral, or
overbought. The Vix gave 1 of 5 possible sell signals at
Friday's close, and a turn up on the Vix on Monday would
give a couple more sell signals. Still, the trends and
momentum are still in favor for more upside. The market will
be okay as long as the initial support areas hold on Monday.
However, if/when a decent pullback isn't quickly reversed,
things will change and a quick change in sentiment could
cause the market to react with a fast and sharp drop.

On Monday look for early strength to set up a shorting
opportunity (or the first pop that fizzles out if there is a
slightly lower open), and if that plays out then the initial
support areas will need to hold. If those are not quickly
reversed on a pullback, then things are getting a bit toppy
and a drop back to the 1060.25-1059.50 area would be key
support. If that area is finally broken and not reversed
right away (like both Thursday and Friday morning) then the
1054.75-1054.25 area might be a magnet before a decent
bounce occurs.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1068.50
1072.00-1073.00
1075.75-1076.50
1082.00-1082.75


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1065.50-1065.00
1060.25-1059.50
1054.75-1054.25
1048.00-1047.50


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1727.75
1730.75-1732.00
1730.75-1732.00
1743.25-1744.25


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1721.00-1720.00
1714.50-1713.25
1707.00-1706.50
1697.25-1696.50


December 2009 Dow futures resistance
symbols: emini = ymz9

9814
9830-9834
9877-9882
9922-9926


December 2009 Dow futures support
symbols: emini = ymz9

9784-9779
9724-9720
9682-9679
9625-9622


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

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

Paralyzed in a Diving Accident, Baseball Player Makes the Stock Market His New Game...and He's Winning!

Paralyzed in a diving accident, baseball player finds success in the Stock Market. Launching his own website, he offers fellow traders his 27 years of trading experience by writing and distributing a stock market advisory publication.

Having to turn away from a hopeful career in professional baseball after a diving accident paralyzed him, Mike Reed turned his interests to the Stock Market. After ghost writing a Stock Market advisory newsletter for eight years, 4 years ago Reed moved his talents to his own website, and came out of the shadows.

Of Reed, long time subscriber Elliott Nadel says, "Sometimes I think the market is listening to your market letter because the support and resistance zones work like magnets, and the Futures just hold at those levels..."

Reed began studying the Stock Market 27 years ago, shortly after his accident. He learned to read a ticker tape, and using a pencil between his teeth, he began charting on paper at 15 minute intervals. Thus began his obsession with the Market. He developed a batch of his own indicators and patterns that give low risk / high profit potential opportunities, and in 1996 he developed the "Reed Buying Index" (RBI), a proprietary indicator based on the Market's internals. He discovered he had a real "feel" for the Market, his percentage of accuracy was uncanny.

Of Reed's service, Trader Morrill Moorehead comments, "I've been following the RBI for seven years now and I'm still astonished by the way the Market respects your support and resistance zones. It's remarkable to see it happen with such regularity. I've learned to take his words very seriously. It's no wonder you have locals and hedge fund managers among your devoted subscribers."

With the advent of the internet, and the thirst for knowledge displayed by fellow traders, Reed made the decision to put his Market observations into print. Through perseverance, drive, and good old fashion hard work, in 1996 Reed started writing a daily short term trader update. Preferring to stay behind the scenes, Reed likened himself to "the invisible man", but on April 1, 2005 he stepped out into the spotlight by launching his own website, TradeStalker.com

About his services Reed says, "I write an email newsletter each day, which includes my forecast for the next trading day. I'm as specific as possible including Support and Resistance levels that I will be buying and selling against, which in turn provides the subscriber with great trade set-ups nearly every day. Members receive their updates each evening so that they have time to plan their trading strategy for the following day."

If you are interested in learning powerful trading strategies from a 27 year veteran trader CLICK HERE for FREE Trading Articles and Videos!

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)

Today's Trading Recap: 10/09/09

HOW OUR DAY WENT:

The ES reversed the 1060.50-1060.00
support in the first 10 minutes, keeping the rally in
gear. Then we had a short at the initial resistance
zones. After pulling back, the group was told "A push
to 1067-1068 could be a fake-out IF reached and start
a selloff". After reversing down from 1067.75, there
was a reversal but it held the 1065 breakout area and
went to a new high at the close. Next week should be
a VOLATILE week, join us and know where to expect the
reactions to occur.

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 10/08/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 8 / 2009

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 10/8/2009

The ES gapped up 7.50 points on Thursday, reversed from
1063.50 and dropped to 1056.75 which coincided with the
20ema on the 5 minute chart. Buying came back and the ES
rallied right back and was in a trend up move until early
afternoon. Then once the 1065 level broke, the ranges turned
back down but the ES found support on the drops at and just
under the 1061.00 level. A bounce to the 1065 updated
resistance was sold, but the drop again reversed from the
1060.50 level and the ES firmed into the close. The Nasdaq
futures were weakened and ended the day near its low.

The market has given 2-sided action lately. On Friday look
for early strength to set up a shorting opportunity, and if
that plays out the first pullback will need to hold the
initial support areas to keep the upside intact. The market
has gotten short term overbought, and the bounces have not
been sticking, so beware of a reversal should the highs be
tested, or slightly exceeded, and then reverse. The NQ looks
like a better short on the bounces on Friday, and the ES
will be better for trades on the long side. Whatever the
case, the market will be okay unless the 1060.50-1060.00
area is broken, and not quickly reversed.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1064.75-1065.25
1067.25-1068.00
1072.00-1073.00
1075.75-1076.50


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1060.50-1060.00
1054.75-1054.25
1048.00-1047.50
1042.75-1042.50
1038.50-1038.00


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1724.50-1725.00
1730.00-1730.75
1737.50-1738.00


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1712.50-1711.25
1707.00-1706.50
1707.00-1706.50
1686.75-1686.00
1681.25-1679.75


December 2009 Dow futures resistance
symbols: emini = ymz9

9760-9764
9780-9783
9830-9834


December 2009 Dow futures support
symbols: emini = ymz9

9724-9720
9682-9679
9625-9622
9605-9602
9568-9563

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.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

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

Disclaimer

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

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

Today's Trading Recap: 10/08/09

HOW OUR DAY WENT:

The ES gapped up 7.50 points and
we bought the dips until shortly after the highs were
made. We then sold the ES near 1065 and it gave about
4 points on the drop to 1060.50 support.

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)

Video: Fading Emotion at Resistance

Hi Folks,

This trade set up shortly after 1:30 pm on Wednesday, when
the ES was bumping up against that 1051.50 resistance. Part
was scalped out of for just 3 ticks and the rest was exited
when the 1048.00-1047.50 zone was held. Certainly not a
home-run, but a mini tutorial on how to "fade" the emotion
at a resistance area.

CLICK HERE TO WATCH VIDEO

Regards,
Mike Reed
TradeStalker.com

PS: If you haven't heard, I'm having a trading Camp starting
October 25th. After the video plays it will direct you to
the the Camp webpage where more info can be found.

TradeStalker's RBI Update 10/07/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 7 / 2009

(Published Since 1996)

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

Dateline: 5:01 pm eastern time, 10/7/2009

Due to having relatives at my home today, I just have time
for a quick comment and the support and resistance areas
tonight. The market will be in buy the dip mode unless the
1048.00-1047.50 area is not defended. If it is not, a drop
to the 1042.75-1042.50 area would need to be quickly
reversed to avoid a gap fill around the 1038.50-1038.00
zone. On the upside, a move to the 1057.00-1058.00 area will
be important early on Thursday. If that area is not
reversed, then a test of the old 1065.00-1065.50 secondary
top will be key. If broken, a mini melt-up could be in the
works.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1054.00-1054.50
1057.00-1058.00
1065.00-1065.50
1072.00-1072.50

December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1048.00-1047.50
1042.75-1042.50 **key
1038.50-1038.00 **gap
1034.00-1033.50 **major
1031.50-1030.75

December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1710.25-1711.25
1714.00-1714.50
1722.75-1723.75

December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1697.25-1696.50
1686.75-1686.00 **key
1680.00-1678.75 **gap
1672.50-1672.00 **major
1670.25-1669.75

December 2009 Dow futures resistance
symbols: emini = ymz9

9683-9688
9717-9724
9797-9802

December 2009 Dow futures support
symbols: emini = ymz9

9625-9622
9605-9602
9568-9563 **gap
9522-9516 **major
9497-9493

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.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

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

Disclaimer

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

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

Today's Trading Recap: 10/07/09

HOW OUR DAY WENT:

We were shorting early strength and
the ES popped up to 1052.00 resistance about 10 minutes
in, then it dropped 5.75 points to a 1046.25 low. That
was a good start, then after the rally fizzled the call
for a choppy narrow range day came true. We had support
and resistance areas barely poked through by 2 ticks,
then the reversals occurred. Those areas were then pinned
down in the afternoon, and the ES bounced between 1051.50
resistance 1047.50 support, and after 1051.50 was finally
broken, the ES held above the 1051.50 on a dip then ran
up into the close for stocks.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 10/06/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 6 / 2009

(Published Since 1996)

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

Dateline: 6:50 pm eastern time, 10/6/2009

The market had a "gap and go" open on Tuesday, and the ES
went parabolic to 1056.75 (a tick under updated resistance)
then backed off. The bounce to 1055.50 reversed, setting up
a 1-2-3 top, and the ES fell 10 points more points after the
1052 level gave way. After holding a tick over the updated
support at 1042.50, a bounce fizzled at the 1052.50
resistance (where we were selling) and dropped 4.50 points
to 1048.00 (where we were buyers). The bounce off 1048.00
was just 3.25 points to 1051.25, then the ES dropped into
the close.

We were trading both sides on Tuesday, and probably will be
again on Wednesday. All of the indicators are now in neutral
positions, so the relief rally should be about over with.
The upside lost momentum by early afternoon on Tuesday, and
the pullback from the high was 14 points on the ES. That
1057.00-1058.00 area is a key hurdle for the market short
term. If that is not exceeded and held, then the market will
be in a trading range, at best. A test of the 1042.75-
1042.50 area on the ES would need to be quickly reversed,
otherwise the market would be breaking down and a fill of
the gaps on the daily charts is likely before a rebound
attempt. If the market drops back to that 1038.50-1038.00
area, and then gets turned back up, it could start a bounce
back of about 10 points on the ES before it ends.

The pattern into the Tuesday close was bearish as the
1052.00-1052.50 area was rejected. On Wednesday look for a
selling opportunity if there is early strength, and
especially if it stalls/reverse from near the 1052 area. If
that plays out and the market drops to test the Tuesday
afternoon lows, a double bottom would set up a trade on the
long side. However, if the market falls through that area
without signs of a reversal, then it's down to the next
support zone and it should determine the strength or
weakness of the recent action. A drop down towards the
1034.00-1033.50 zone will need to be reversed, otherwise the
downside could gather some steam.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1052.00-1052.50
1057.00-1058.00
1065.00-1065.50


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1042.75-1042.50 **key
1038.50-1038.00 **gap
1034.00-1033.50 **major
1031.50-1030.75
1028.50-1028.00


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1703.50-1704.25
1711.00-1712.50
1719.75-1720.75


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1686.75-1686.00 **key
1680.00-1678.75 **gap
1672.50-1672.00 **major
1670.25-1669.75
1665.75-1665.00


December 2009 Dow futures resistance
symbols: emini = ymz9

9685-9688
9717-9724
9797-9802


December 2009 Dow futures support
symbols: emini = ymz9

9611-9606 **key
9568-9563 **gap
9522-9516 **major
9497-9493
9475-9471

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: 10/06/09

HOW OUR DAY WENT:

The market had a "gap and go" open and
the ES went parabolic to 1056.75 (a tick under updated
resistance) then backed off. The bounce to 1055.50 reversed
setting up a 123 top, and the ES fell 10 points more points
after the 1052 level gave way. After holding a tick over
the updated support at 1042.50, a bounce fizzled at the
1052.50 resistance (where members were told to short) and
dropped 4.50 points to 1048.00 (where members were buyers).
The bounce off 1048.00 was just 3.25 points to 1051.25 but
we traded both sides well with low risk entries and almost
instant gratification on each setup.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 10/05/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 5 / 2009

(Published Since 1996)

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


Dateline: 6:15 pm eastern time, 10/5/2009

The market opened higher on Monday, and after a quick drop
from 1025.00 to 1021.25 on the ES was reversed. The market
bounced into the 10 am release of the ISM number. A quick
drop from 1031.00 to 1022.25 was reversed, and then the
market started a choppy grind higher. The move lasted until
the ES reached the 1038.00-1038.50 resistance on the ES and
then the market had a small pullback into the close.

The internal gauges that were at oversold extremes have
worked that condition off now. The Vix gave another buy
signal at Monday's close, but after a big up day the market
needs a spark for further good gains. What we are likely
going to see is a pick-up in volatility. The lows from last
week will not be in jeopardy as long as the 1031.50-1030.75
area on the ES holds. On the upside, the market will be a
short if the 1038.00-1038.50 on the ES is rejected again,
along with the NQ rejecting its 1681.00-1682.00 resistance
zone.

On Tuesday look for early strength to be sold, and then if
that plays out the first decent pullback should set up a
trade on the long side. as long as the initial support areas
are held, the market should be in decent shape. However, if
that area is broken and the market doesn't quickly reverse,
then the trends could be rolling over and a drop towards the
1022.00-1021.50 zone on the ES would be a major test of the
market's strength, orlack thereof.



December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1038.00-1038.50
1041.00-1041.75
1045.50-1046.25
1049.50-1050.50

December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1034.00-1033.50
1031.50-1030.75
1028.50-1028.00
1022.00-1021.50
1015.00-1014.50

December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1681.00-1682.00
1686.50-1687.50
1694.00-1695.50

December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1672.50-1672.00
1670.25-1669.75
1665.75-1665.00
1659.00-1658.00
1653.00-1652.00

December 2009 Dow futures resistance
symbols: emini = ymz9

9565-9570
9595-9601
9623-9628

December 2009 Dow futures support
symbols: emini = ymz9

9522-9516
9497-9493
9475-9471
9410-9406
9360-9356

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.

www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899

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

Disclaimer

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

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

Today's Trading Recap: 10/05/09

HOW OUR DAY WENT:

We had good reasons to expect a rally
and we got that for sure. The pop on the open reversed
and the ES dropped to the unchanged level and turned up.
After the ISM we caught a small short, then a long off
of 1028 on a break/hold of that level. The members were
given 1034.75 last night and 1034.00 was a lid in the
afternoon. But, we went back to being long over 1030.50
and the ES rallied to updated resistance/reversal area
at 1038.00-1038.50, reversing from a 1038.50 high.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 10/04/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 4 / 2009

(Published Since 1996)

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

Dateline: 5:23 pm eastern time, 10/4/2009

The market started last week with a higher open and a strong
rally back up to 1061.00 on the ES. On Tuesday the early
strength was sold at the 1065.75 level on the ES, where
there was good resistance, and then the market rolled over.
That left a 1-2-3 top on the daily charts, and the SP500
cash easily dropped to the 1031-1030 target at Thursday's
close. Friday's action started with a gap down open at
1015.00 on the ES, but the market rallied from the open and
eventually made a double top at 1026.00 by early afternoon.
The 1025.50 level then turned into a lid and the market sold
off until about 5 minutes left in stock trading.

The internal gauges turned bad in a hurry. However, the
short term overbought/oversold indicators haven't been this
oversold since February 23rd, a day before a 30 point relief
rally for the SP500 on a closing basis. The McClellan
oscillator is at -249, my 3 Day Thrust oscillator is at -.64
(normal extreme is +/ .50) and the RBI oscillator is in buy
territory. In addition, the Vix gave 2 buy signals at
Friday's close.

That said, there is reason for a decent rally to occur early
in the week unless this is turning into a mini-meltdown
move. The afternoon highs from Friday would need to be
exceeded, and not quickly reversed, to get prices turned
around a bit. If the market can get over that resistance,
and keep holding on small dips, the move could get the ES
back towards the 1034.75-1035.75 area before another
reversal. However, if the market is not able to make good
out of this deep oversold status and react by giving us a
rally with some gusto, then the next stop on the downside
might not come until reaching the 1010.00-1008.50 area on
the ES. If that area is not held, then back under the 1000
level is probably in the cards on this leg down.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1025.50-1026.25
1028.25-1029.50
1034.75-1035.75
1040.00-1040.75


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1019.00-1018.50
1015.00-1014.50
1010.00-1008.50


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1671.50-1672.00
1674.75-1675.25
1679.75-1680.50
1686.50-1687.50


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1659.00-1658.00
1653.00-1652.00
1646.50-1645.00


December 2009 Dow futures resistance
symbols: emini = ymz9

9463-9466
9476-9481
9522-9526
9553-9558


December 2009 Dow futures support
symbols: emini = ymz9

9410-9406
9360-9356
9311-9307

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.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899

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

Disclaimer

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

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