SPECIAL MARKET UPDATE 11/26/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 26 / 2009

(Published Since 1996)

SPECIAL UPDATE

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


Dateline: 3:49 pm eastern time, 11/26/2009

Another banking problem, apparently involving the Dubai
government, helped trigger the downside that was warned of.
If you followed me and bought Put options with the ES
at/near 1110 (per the instant message sent late on
Wednesday), take off half at the open on Friday. The support
and resistance areas that are most important are below.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1090.00
1095.00-1095.50
1099.75-1100.50

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

1083.00-1082.50
1078.00-1077.50
1074.00-1072.50
1068.25-1067.75

CLICK HERE for FREE Trading Articles and Videos!

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)

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 11/24/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 24 / 2009

(Published Since 1996)

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

Dateline: 6:33 pm eastern time, 11/24/2009

We were fading the early direction on Tuesday and the ES
opened at 1105.50 (1105.50-1106.00 was initial resistance)
and then promptly fell 10.50 points to 1095.00 before
turning back up. The 1095.25 level was the 3rd support level
listed last night. The ES then rallied to 1106.75, where it
was sold pre-open, and then the ES dropped to 1102.50 in the
last 15 minutes of the day.

NOTE: This is the last update until Sunday night. A Happy
Thanksgiving to our U.S. and Canadian friends, and a great
long weekend for all of you.

The short term internal gauges that were oversold are in
neutral now. However, the Vix made a new low close for the
year on Tuesday. If the Vix drops under 20.35 on Wednesday,
and then reverses and closes up for the day, it will give 3
or 4 Vix Sell signals. The market has had some good swings
in both directions this week, however the bounces are not
sticking. When the market pulls back, and can not entice
more good buying on a reversal, then things could get a bit
ugly. The day before the Thanksgiving Holiday tends to be
bullish. Just be careful holding a trade on the long side
for very long. The way the market is acting, it could give
back a week's worth of gains in a few hours.

On Wednesday we get another batch of economic data coming
before the open and 30 minutes into the trading day. If
Wednesday is going to give us "normal" pre holiday trading,
then most of the action should occur in the first 90 minutes
and last 90 minutes. If the market opens higher, and the
move is reversed from just under the 1106.50-1106.75
resistance, then another down day is likely. That, or a
reversal in the first 40 minutes of trading, would set up a
*very* good shorting opportunity. If the market opens lower,
but can reverse back up from the 1100.50-1100.00 area on the
ES, then we could get a decent bounce back towards the
1106.50-1106.75 area. IF that area is exceeded and not
quickly reversed, then the 1109.00-1109.50 area could be
tested. Just beware that the move on the upside will likely
fail. Unless 1107 on the ES is exceeded, then the market is
extremely vulnerable and could fall back towards the 1092.75
gap on the SP futures (ES) and/or 1768.00 on the Nasdaq 100
futures (NQ) as the market continues its topping process.


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

1106.50-1106.75
1109.00-1109.50 **strong
1111.75-1112.25 **major
1117.50-1118.00

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

1102.50
1100.50-1100.00 **must hold
1095.25-1095.00
1093.00-1092.50 **major
1088.50-1088.00

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

1792.00-1792.50
1796.75-1797.50
1801.75-1803.00

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

1784.00
1780.75-1780.25
1774.50-1773.50
1769.75-1768.75
1760.50-1759.75

December 2009 Dow futures resistance
symbols: emini = ymz9

10434-10438
10477-10480
10498-10502

December 2009 Dow futures support
symbols: emini = ymz9

10398
10377-10372
10338-10334
10314-10311
10276-10273

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: 11/24/09

HOW OUR DAY WENT:

We were shorting early strength on
Tuesday and the ES opened at 1105.50 (1105.50-1106.00 was
initial resistance) and then promptly fell 10.50 points to
1095.00 before turning back up. The 1095.25 level was the
3rd support level listed last night. The ES rallied to
1106.75, where it was sold pre-open, and members were
given the "top is in" alert. The moves were not going to
stick, and the ES dropped 4+ points to 1102.50 in the
last 15 minutes.

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 11/23/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 23 / 2009

(Published Since 1996)

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

Dateline: 6:14 pm eastern time, 11/23/2009

The ES gapped up 12+ points on Monday and kept on going
higher for about 40 minutes. The ES tested the 1112.25 high
from last Monday, but fell just shy at 1111.50 before the
move fizzled out. From there, the market went into trend
down mode into late afternoon. The bounces all failed at, or
just under, the 1105.75 resistance level, and the low was
made with about 25 minutes left in stock trading. The ES
reached 1101.25 and then bounced back to 1105.00 and backed
off a bit into the close.

On Tuesday we will get the GDP and Consumer Confidence
numbers before the open, then the FHFA Home Price Index 30
minutes into the day, and finally the Fed Minutes at 2 pm
eastern time. While the Dow was able to post new yearly
highs both intraday and on the close, at the moment we have
a double top on the SP500 cash and futures. The bounces are
probably not going to stick, as buyers back off near new
high territory and longs quickly try to lock in a profit.
Even though the SP500 closed up almost 15 points on Monday,
the short side was the better side to trade after the early
action was done. That should be the case again on Tuesday.

Look for an early reaction to the economic data to set up a
reversal trade in the early going. If the market opens
lower, the ES will need to reverse from the 1101.25-1100.50
zone, otherwise the market could repeat last week's action
by heading lower for a few days. If the 1111.50-1112.25 area
is tested again, it should be reversed quickly if that is
going to be a top. If the market blows through that area
without trouble, then a squeeze towards the 1117.50-1118.00
area on the ES could be in the cards before the move is
reversed. If that occurs, then a pullback would need to hold
at the 1112.00-1111.50 area and turn back up to avoid
trouble. If the market happens to trade like that, and then
breaks down through that 1112.00-1111.50 area, then a bigger
reversal is occurring and a drop could be a very fast one in
thin conditions.


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

1105.50-1106.00
1108.75-1109.25
1111.50-1112.25

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

1101.25-1100.50
1098.25-1097.75
1095.25
1093.00-1092.50
1088.50-1088.00


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

1792.50-1793.00
1796.75-1797.50
1801.75-1803.00

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

1785.75-1785.25
1780.50-1779.75
1774.00
1769.75-1768.75
1760.50-1759.75

December 2009 Dow futures resistance
symbols: emini = ymz9

10438-10441
10477-10480
10498-10502

December 2009 Dow futures support
symbols: emini = ymz9

10402-10397
10380-10377
10352
10336-10331
10286-10283

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: 11/23/09

HOW OUR DAY WENT:

The ES gapped up over 12 points on
Monday's open and it rallied to 1111.50 in just 40
minutes of trading. That bigger picture double top was
reversed, and we were shorting the rest of the day as the
move was "trend-down" into the last 30 minutes of stock
trading. The last good short came when the ES reversed
from 1105.50, just 1 tick under the updated resistance
at 1105.75, then it dropped 4.25 points to a new low for
the day at 1101.25 with 30 minutes left.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/22/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 22 / 2009

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 11/22/2009

The market started last week by reaching new highs for the
year on Monday, and it was down hill from there. After
making a high at 1112.25 on Monday, the ES tested the
1100.75-1100.25 area on the pullbacks, and then broke that
range on Thursday's open. The bounces all failed on the way
to a 1085.25 low on Friday. The ES then rallied back to the
1092-1093 updated resistance zone, and then the ES 3.50
points from 1092.75 to 1089.25 just before the close.

On Friday the market was able to hold together and rally
back to a pretty good resistance area. Although a few
internal gauges are close to getting oversold, the market
still isn't acting very well. The ES *did* get over the 1088
intraday resistance, and then held it on the pullback when
the ES dropped from 1090.75 to 1088.25. The run up to the
1092.75 resistance area started there, so that should be
pivotal early on Monday. If it's broken, then we could have
a down day that doesn't give a nice bounce that has been
expected lately.

In addition, the 1092-1093 zone was rejected, and a test of
that area on Monday morning will likely be sold. How the
market acts at the 1092.25-1092.75 area on an early pop
should be telling, and it should set up a very good short if
the move reverses early. If that area is exceeded, there
shouldn't be too much more on the upside. A move back to the
1100.25-1100.75 will be a shorting opportunity if the market
gets that far, and that area is rejected. A pullback will
need to hold the 1088.50-1088.00 area on the ES, or quickly
reverse if that is broken. f that area is not defended by
the late buyers on Friday, then we could have a sharp drop
to 1083.00-1082.50 or lower before any kind of reversal
attempt.

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

1092.25-1092.75
1095.00-1095.50
1100.25-1100.75
1105.00-1105.50


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

1088.50-1088.00 *pivotal
1085.25
1083.00-1082.50
1078.00-1077.25


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

1767.50-1768.00
1775.00-1775.50
1780.00-1781.25
1788.75-1790.00


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

1760.50-1759.75 *pivotal
1756.75
1754.00-1753.50
1748.25-1747.50


December 2009 Dow futures resistance
symbols: emini = ymz9

10328-10331
10352-10358
10406-10410
10438-10441


December 2009 Dow futures support
symbols: emini = ymz9

10286-10283 *pivotal
10253
10232-10229
10191-10187

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: 11/20/09

HOW OUR DAY WENT:

Last night's update was bearish for
Friday and the ES opened down almost 7 points and just
over the 1086.75-1086.25 support. Two bounces from that
area didn't go too far, and we were shorting against the
1088 level. That gave us a couple of scalps on the short
side. After getting over 1088, the pullback held the
1088.25 support. I stated in an intraday update "As long
as 1088.25 holds, the market keeps its bounce" and the
ES rallied to 1092.75. Members were told that would top
the move off, and the ES dropped 3.50 points into the
close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/19/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 19 / 2009

(Published Since 1996)

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

Dateline: 6:02 pm eastern time, 11/19/2009

The ES broke the key 1101.25-1100.75 zone on the open on
Thursday and that caused a rush to get out and the ES
dropped to 1086.50, right in the 1086.75-1086.25 support
zone, then turned back up. The updated resistance at
1091.50-1093.00 gave us a couple of nice shorts. The first
was a 4 point drop from 1092.00 to 1088.00, and the next was
3.50 points from 1091.75 to 1088.25. A third reversal from
1093.25 had 3 points of opportunity as the ES dropped to
1090.25 before finally breaking out over that resistance.
The run-up took the ES to 1095.25 and then the futures
dropped into their close.

The market broke down from its high level trading range, and
the result was a sharp selloff on Thursday. With the futures
under pressure before the open on Thursday, the talking
heads on CNBC were unanimously bullish and that was a first
in many months for that. It looks like the upside is very
limited in my work, and now odds of bigger trouble goes up.
The good news is that the market made a nice turn and a
pretty good rally from the 1086.75-1086.25 support zone.
That will need to hold on Friday, or the weekly chart will
not look good at all.

The market should continue to be a better short on the
bounces that stall out/ reverse. The internal gauges are
just coming off a very overbought short term status. The Vix
never did make a new low when the SP500 and Dow made new
highs this week. It turned up on Thursday, and that gave one
Vix sell signal. Since the ES broke that 1100.75-1100.25
zone, the market doesn't look good on a daily chart. There
is still a gap down between the 1074.00 and 1067.75 area,
but that's quite a bit lower than the market is now. If the
Thursday low area is not held, then a trip towards the
1083.00-1082.50 area could be in the cards. If the market
acts as it has for most of the year, a reversal from that
area would set up a decent bounce. If that doesn't happen,
then we could be on the way towards the 1074 area.

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

1095.00-1095.50
1100.25-1100.75
1105.00-1105.50
1108.50-1109.25


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

1091.00-1090.50
1086.75-1086.25
1083.00-1082.50


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

1775.00-1775.50
1780.00-1781.25
1788.75-1790.00
1793.75-1795.50


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

1766.00-1765.50
1761.00-1759.50
1755.00-1754.50


December 2009 Dow futures resistance
symbols: emini = ymz9

10329-10333
10361-10365
10386-10389
10406-10410


December 2009 Dow futures support
symbols: emini = ymz9

10290-10286
10236-10233
10197-10193

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: 11/19/09

HOW OUR DAY WENT:

The ES broke the key 1101.25-1100.75
zone on the open on Thursday and that caused a rush to
get out and the ES dropped to 1086.50, right in the
1086.75-1086.25 support zone, then turned back up. The
updated resistance at 1091.50-1093.00 gave us a couple
of nice shorts. The first was a 4 point drop from 1092.00
to 1088.00, and the next was 3.50 points from 1091.75 to
1088.25. A third reversal from 1093.25 had 3 points of
opportunity as the ES dropped to 1090.25 before finally
breaking out over that resistance.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/18/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 18 / 2009

(Published Since 1996)

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

Dateline: 6:26 pm eastern time, 11/18/2009

To start the day on Wednesday, our early game-plan was to
get short if there was early strength near the Tuesday high
on the ES. The ES popped up and then reversed from 2 ticks
over Tuesday's 1109.00 high, dropping 8.25 points from
1109.50 to 1100.75. The ES rallied to 1108.00, but as
stated, the 1104 level had to hold or the low would be
tested. After breaking that 1104 level, the ES went to
1101.25 for a test of the low. The bounce off of that level
reversed at the updated 1105.50-1106.00 resistance and
pulled back to 1103.00 with an hour left in trading. Buying
and shorts covering started and the market went back up to
test the morning highs by the close.

The trading range looks like it will continue for a while
longer. The ES has good, and important, support at the
1101.25-1100.25 area. As long as that is held, the market
will be in decent shape. If that area is broken, then the
market will undergo a deeper selloff. For now it looks like
the market will stay in a trading range unless that break-
down occurs. If the ES breaks out over the 1112.25-1112.75
area, and doesn't quickly reverse, then the ES could head
towards the 1117.75-1118.50 zone if there is a short term
melt-up move. However, if the 1112.25-1112.75 area or lower
is sold, then a decent pullback towards the 1106.00-1105.25
should occur. That area needs to hold to keep the trends up.

So look for early strength to set up another good shorting
opportunity. The first pullback then needs to hold the
1106.00-1105.25 to stay in bullish mode. If that isn't held,
and the 1101.25-1100.25 area is tested but not reversed,
then a drop to the 1097.50-1096.50 area would need to
quickly reverse to avoid a sizable selloff.

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

1109.00-1109.50
1112.25-1112.75
1117.75-1118.50
1120.50-1121.25


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

1106.00-1105.25
1101.25-1100.25
1097.50-1096.50
1092.75-1092.00


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

1801.50-1802.50
1806.75-1807.75
1815.75-1816.75
1821.50-1822.00


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

1796.50-1796.00
1789.50-1788.75
1785.75-1785.00
1777.50-1775.75


December 2009 Dow futures resistance
symbols: emini = ymz9

10406-10410
10432-10436
10496-10501
10519-10523


December 2009 Dow futures support
symbols: emini = ymz9

10380-10377
10342-10338
10283-10278
10235-10232

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: 11/18/09

HOW OUR DAY WENT:

To start the day, our game-plan was to
get short if there was early strength near the Tuesday
high. The ES reversed from 2 ticks over Tuesday's 1109.00
high, dropping 8.75 points from 1109.50 to 1100.75. The
ES rallied to 1108.00, and members were told that 1104
had to hold the low would tested, and after breaking that
1104 the ES went to 1101.25 for a test of the low. The
bounce off of that level reversed at the updated 1105.50-
1106.00 resistance and pulled back to 1103.00 with an
hour left in trading.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/17/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 17 / 2009

(Published Since 1996)

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


Dateline: 5:54 pm eastern time, 11/17/2009


The initial support area at 1103.50-1102.50 on the ES gave
us 2 quick trades on the long side this morning. There was a
bounce from 1102.50 to 1107.50, and then a bounce from
1103.00 to 1106.75 occurred before the ES washed out to
1100.25. Then the ES bounced and reversed from 1104.00
updated resistance then dropped to the 1100.00 early low.
After the market rallied back members were told to watch
1108.00-1108.50 for a turn, and the ES reversed from 1108.25
and dropped to 1104.00 before firming. Buying came in with
an hour left in the day and the market rallied to token
higher highs and then fizzled into the close.

The ES had just a 6.50 point range on Tuesday. The ES and NQ
both had inside days, staying within the Monday ranges. A
narrow range day, or better yet a series of narrow range
days at a high tends to lead to reversals. In addition, some
of the short term internal gauges are getting overbought.
The Nasdaq looks to be a bit more vulnerable than the ES at
the moment, and it will lead if the market heads lower.

On Wednesday we get the CPI and Housing Starts before the
open. The market will be a short if there is early strength
that reverses from near the Tuesday highs. If that plays
out, the first decent pullback must hold the 1103.00-1102.50
area on the ES. That was broken, and then quickly reversed,
on Tuesday and the ES would need to do the same on Wednesday
to avoid trouble. If that zone is not held on a drop, then
we could see the 1097.75-1096.75 area tested before a
reversal attempt occurs.

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

1108.50-1109.00
1112.25-1112.75
1117.75-1118.50


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

1105.50
1103.00-1102.50
1097.75-1096.75
1092.75-1092.00
1086.75-1086.25


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

1811.00-1811.75
1815.75-1816.75
1821.50-1822.50


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

1801.50
1798.00-1797.00
1792.50-1791.50
1786.50-1785.75
1779.00-1778.50


December 2009 Dow futures resistance
symbols: emini = ymz9

10406-10410
10432-10436
10496-10501


December 2009 Dow futures support
symbols: emini = ymz9

10374
10336-10332
10283-10278
10235-10232
10197-10193


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

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: 11/17/09

HOW OUR DAY WENT:

The initial support area on the ES at
1103.50-1102.50 gave us 2 quick trades on the long side
this morning. There was a bounce from 1102.50 to 1107.50,
and then a bounce from 1103.00 to 1106.75 occurred before
the ES washed out to 1100.25. Then the ES bounced and
reversed from 1104.00 updated resistance then dropped to
the 1100.00 early low. After the market rallied back
members were told to watch 1108.00-1108.50 for a turn,
and the ES reversed from 1108.25 and dropped to 1104.00
before firming and bouncing back.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/16/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 16 / 2009

(Published Since 1996)

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


Dateline: 9:46 pm eastern time, 11/16/2009

The market gapped up on Monday, and like a week before, the
move continued to the upside in a trend up move. The
breakout of the trading range brought in buying as the ES
reached a new high for the year at 1111.00 by early
afternoon. That stalled out and a pullback stopped and
turned up from 1108.00 trend-up support, and the market
bounced back. We were on reversal alert from the 1112.50,
and the ES popped to 1112.25 and reversed at 2:48 pm. The
break of 1110.50 put the pressure on, and a steady drop to
1103.50 occurred before a bounce. That was a nice move even
if one waited for that break of 1110.50 for a trigger. After
stabilizing at 1103.50, the market bounced back into the
close.

The good news is that the market broke out of the trading
range that developed last week. The bad new is that the
market is still at a resistance zone, and the rally didn't
stick. The action felt toppy on Monday, with buyers backing
off until reaching the top of last week's range on the ES.
The fact that the market was able to hold at that area and
bounce is a plus. Now the initial support areas need to hold
to avoid a topping process.

We get the PPI and also the Industrial Production and
Capacity Utilization data before stocks open on Tuesday. If
there is early strength, it should set up a very good
shorting opportunity. If that plays out, the first decent
pullback needs to hold the 1103.50-1102.50 area on the ES,
otherwise it should go for the 1097.75-1096.75 area quickly
and then see if a reversal is in the cards. If there is a
good bounce instead early on Tuesday, then expect the move
to fail and set up a shorting opportunity, especially if the
Monday high areas are reached. If those highs are tested,
and the move loses steam or that area is rejected, it will
set up a good reward/risk opportunity on the short side.



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

1108.00-1108.50
1112.25-1112.75
1117.75-1118.50


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

1103.50-1102.50
1097.75-1096.75
1092.75-1092.00
1086.75-1086.25
1083.00-1082.50


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

1806.50-1807.25
1812.75-1813.75
1817.50-1818.50


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

1800.75-1800.00
1792.50-1791.50
1786.50-1785.75
1779.00-1778.50
1773.00-1772.00


December 2009 Dow futures resistance
symbols: emini = ymz9

10380-10383
10402-10406
10454-10458


December 2009 Dow futures support
symbols: emini = ymz9

10336-10332
10283-10278
10235-10232
10197-10193
10161-10158


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

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 11/15/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 15 / 2009

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 11/15/2009


The market opened higher on Friday and the ES reached
1089.75 as the Michigan Confidence survey was released, and
then the market dropped fast. The ES reached 1083.75, at the
1083.00-1082.00 support zone, and then quickly reversed. The
rally stopped at 1093.75, then pulled back to 1090.25 and
traded in that range for a bit. The ES then broke out over
1094 and kept going to a 1096.00 high. That 1094 level then
turned into a pivotal support level, and when it was broken
the ES reversed and rolled over. A steady drop to 1086.25
was reversed with an hour left in stock trading, and the ES
made it back to 1092.50 before backing off a bit before
settlement.

The market is now range bound, as the bounces are not
sticking but the sharp drops are reversed. It has been 2
sided trading with some really nice swings in both
directions. Of the 2 sides, the short side in the high
1090's has been the "easier" trade, and that will likely
continue. If something extraneous would occur to bring a
"flight to safety" into the dollar, the market should get
whacked. Options are fairly cheap with the Vix so low, so a
few Put options for "just in case" isn't a bad idea in my
opinion.

Most of the daily indicators are in a neutral position, but
the sentiment is still a bit too bullish. On Friday the
market avoided a possible collapse by putting together yet
another end of day rally. With the market getting hit in the
afternoon, that is trading range action. So, on Monday look
for early strength, or a failure to clear initial resistance
if there is no early strength, to set up a shorting
opportunity. As long as a pullback holds the late Friday
lows, no damage done and the trading range continues.
However, if the 1086.75-1086.25 area on the ES is not
defended and reversed just like the 1083.00-1082.50 area was
on Friday morning, then the market will have more trouble
and at least test that 1083.00-1082.50 zone. That is the key
support area short term, and a failure to hold that would
open the door for a drop to the 1074.50-1073.75 zone, or
possibly fall to fill the gap and reach the 1067.75-1067.00
area if the downside gathers steam.



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

1092.00-1092.50
1095.25-1096.00
1098.50-1099.00
1102.50-1104.00


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

1086.75-1086.25
1083.00-1082.50
1080.00-1079.50
1074.50-1073.75
1067.75-1067.00 {gap from 6/6/09}


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

1789.00-1789.50
1793.50-1794.00
1798.75-1799.50
1802.50-1804.00


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

1779.00-1778.50
1773.00-1772.00
1768.50-1768.00
1763.00-1762.25


December 2009 Dow futures resistance
symbols: emini = ymz9

10244-10248
10267-10271
10296-10301
10327-10334


December 2009 Dow futures support
symbols: emini = ymz9

10197-10193
10161-10158
10136-10132
10082-10077


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

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: 11/13/09

HOW OUR DAY WENT:

The ES bounced then reversed 30 minutes
in and dropped to our 1083.00-1082.50 support zone. The
reversal set up a long trade and the ES rallied to 1096.00
by early afternoon. Then, after the 1094 level broke, it
triggered a short on the bounce back to 1093.75 area and
then the ES dropped 7.50 points to 1086.25. Then with
about 35 minutes left until stocks closed an instant
message was sent saying:

(Nov 13-15:26) mike: IF they pop up from here, 1092 should
be as far as ES goes. then another drop.

They went from 1088.50 (when that was sent) to 1092.50 and
quickly reversed from there. The first pullback was just 2
points, then a bounce to 1092.00 was sold and the ES pulled
back into settlement.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/12/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 12 / 2009

(Published Since 1996)

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


Dateline: 6:06 pm eastern time, 11/12/2009


The market rallied into the first 20-40 minutes and
reversed. The ES reached 1101.00 about 30 minutes into the
day, then traded down to 1082.50 with about 15 minutes left
in the trading day. A bounce off of 1082.50 stopped at
resistance at the close.

Due to a death in my family, no update tonight. It does look
like a top is in place, as things changed on Thursday. A
move to the 1074.50-1073.75 area on the ES will need to be
reversed, otherwise the week can end by going to the
1067.75-1067.00 to fill the gap from Monday's gap up open.

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

1088.00-1088.50
1092.25-1092.25
1097.50-1098.00
1102.50-1104.00


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

1083.00-1082.50
1080.50-1079.75
1074.50-1073.75
1067.75-1067.00 {gap from 6/6/09}


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

1775.50-1776.25
1782.20-1783.25
1786.75-1787.50
1792.50-1793.50


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

1768.50-1768.00
1763.00-1762.25
1756.50-1755.00


December 2009 Dow futures resistance
symbols: emini = ymz9

10206-10209
10224-10228
10267-10270
10307-10312


December 2009 Dow futures support
symbols: emini = ymz9

10141-10137
10114-10108
10051-10047


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

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: 11/12/09

HOW OUR DAY WENT:

Members were told that if there was
early strength on Thursday, look for a reversal between
9:50 am and 10:10 am to set up a good shorting opportunity.
The ES ran up to 1101.00 at 10am, then reversed and the
downside was in gear. The ES was sold off down to 1088.50
before the move stopped, right at the 1089.00-1088.50 zone
on the ES where we locked in some daytrade profits per
instant message. Updated resistance was not exceeded as
we were short / shorting bounces (expecting to reverse
under resistance) until there was a reversal with 15
minutes left.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/11/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 11 / 2009

(Published Since 1996)

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


Dateline: 6:41 pm eastern time, 11/11/2009


The market gapped up into new high territory for the year on
Wednesday, and after a quick dip from 1098.75 to 1095.25,
the ES headed on up to the 1102.50-1104.00 resistance zone.
The move stalled out, then reversed and a selloff was in
gear. The 1093.00-1092.50 area was given for the key
support, and the move was reversed from 1092.25 and a decent
bounce followed. It didn't stick though, and the market
dropped back to test the early lows. They were barely
broken, and then the market quickly reversed back to the
upside. The market was able to hold together and the ES
rallied back to the 1097.50 level again by the close.

Both Monday and Wednesday had gap up opens, as the buying is
piling on. The ES has reacted to good resistance zones on
the way up, but then the updated support areas would hold
and the upside then continues. A case in point was on
Wednesday. Even though the ES nailed and reversed from a
good resistance zone at the 1102.50-1104.00 area, it held
really close to the 1092.50 support and quickly reversed and
then the market finished the day on an up note.

The intermediate term internal gauges began to turn up a few
days ago... which is odd near a new high. The short term
gauges reached extreme overbought readings, and with the
market mostly resting the last 2 days most are back to
neutral. Up at these areas, the market should be at a key
juncture short term. It looks like another pullback must
find good buying no lower than the 1091.25 Wednesday low on
the ES. If that area is not defended, then there is
something different going on, and then the bounces would set
up shorting opportunities. It could cause something that gets
momentum if everyone tries to squeeze out of the exit door at
the same time.

Last night I said we were getting the Initial Claims and
Continuing Claims before the Wednesday opening. I was a day
early on that. We will get that data at 8:30 am, before the
Thursday open for stocks. Look for early strength that
reverses in the first 20-40 minutes to set up a shorting
opportunity. If that plays out, then the first decent
pullback must stay over the 1091.25 level on the ES and the
1770.75 level on the NQ, along with the 10246 reversal level
on the Dow cash. If those are broken, then odds that the
bounces will not stick will increase. If that occurs, then
bounce that then stalls out around the 1093-1094 area could
set up a good shorting opportunity.

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

1097.50-1098.00
1102.50-1104.00
1108.25-1109.00


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

1091.25
1089.00-1088.50
1085.50-1085.00
1080.50-1079.75
1074.50-1074.00


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

1785.00-1785.50
1791.50-1792.50
1798.75-1799.50


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

1770.75
1768.50-1767.00
1763.00-1762.25
1752.50-1751.50
1742.00-1740.75


December 2009 Dow futures resistance
symbols: emini = ymz9

10267-10270
10307-10312
10351-10357


December 2009 Dow futures support
symbols: emini = ymz9

10211
10198-10193
10165-10162
10114-10108
10041-10037

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: 11/11/09

HOW OUR DAY WENT:

The last sentence in last night's
update our Real Time members were told:

"If the market is not making a double top, and the
1098.50 area is exceeded, then the 1102.50-1104.00 could
be seen before there is another top put in place."

The ES rallied up to a 1103.25 then stalled and reversed
back down. Members were then given the 1093.00-1092.50
area for support, and the ES fell 11 points to 1092.25
before reversing back up.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/10/09

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

TradeStalker's

R.B.I. Trader's Update

11/ 10 / 2009

(Published Since 1996)

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


Dateline: 6:19 pm eastern time, 11/10/2009

We came into Tuesday expecting a two sided day with a
downside bias. We were also alert for a reversal from
initial support, and the ES opened lower and then turned up
from 1 tick above the 1087.50-1087.00 initial support. The
ES ran up 6.75 points to 1094.50 and then reversed. That set
up the short side, and the first bounce reversed from just
under updated sell zone and went to a 1085.00 low. The first
bounce to 1089.00 was rejected and a little double bottom
was made at 1086.25 then the ES bounced again. The move
fizzled and reversed from 1093.25, setting up a short, and
the ES dropped to 1089.00. That was right at new key support
at the 1089.00-1088.50 area and the market firmed into the
close.

The indicators have backed out of the extreme overbought
status they were in, but if the Vix reverses and the initial
support is not held on Wednesday, the market could get hit
with a decent sized selloff. The market was weak in the
early going on Tuesday, but then found a comfort area and
rallied back. The 1089.00-1088.50 area on the ES offered
resistance on the bounces after the early drop on Tuesday.
Then, when the 1088.50-1089.00 area was broken, that area
held on the 2 pullbacks so it should be pivotal early on
Wednesday.

At the moment the market looks pretty strong. However, we
get the Initial Claims and Continuing Claims before the open
on Wednesday. If these numbers don't meet expectations, then
the market could get hit fairly hard. If there is a pop up
open that reverses from 1093.50-1094.25 area on the ES, then
a drop to the 1089.00-1088.50 could be underway. If the
market is still strong and in good shape, then that initial
support should hold. If a pullback is sharp, and cuts
through the initial support, then the trends could be
rolling over. If the ES gets over the 1094.50 level and
isn't reversed, then the ES still needs to get over 1098.50
to make a new high on this leg up. If the market is not
making a double top, and the 1098.50 area is exceeded, then
the 1102.50-1104.00 could be seen before there is another
top put in place.

NOTE: Due to a doctors appointment there will not be any
intraday updates after 12 noon eastern time.

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

1093.50-1094.25
1098.00-1098.50
1102.50-1104.00


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

1089.00-1088.50
1085.50-1085.00
1080.50-1079.75
1074.50-1074.00
1068.00-1067.75


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

1775.75-1777.25
1784.25-1785.00
1790.50-1791.50

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

1767.00-1768.50
1763.00-1762.25
1752.50-1751.50
1742.00-1740.75


December 2009 Dow futures resistance
symbols: emini = ymz9

10227-10232
10245-10250
10295-10299


December 2009 Dow futures support
symbols: emini = ymz9

10198-10193
10165-10162
10114-10108
10041-10037

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

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: 11/10/09

HOW OUR DAY WENT:

We came into Tuesday expecting a two
sided day with a downside bias. The ES opened lower and
then turned up from 1 tick above the 1087.50-1087.00 key
initial support. The ES ran up 6.75 points to 1094.50
and then reversed. That set up the short side, and the
first bounce reversed from just under updated sell zone
and went to a 1085.00 low. The first bounce to 1089.00
was rejected and a little double bottom was made at
1086.25 then the ES bounced again. The move fizzled
and reversed from 1093.25, setting up a short, and the
ES dropped to 1089.00 - right at new key support at the
1089.00-1088.50 area.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/09/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 9 / 2009

(Published Since 1996)

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

Dateline: 6:06 pm eastern time, 11/9/2009

The market gapped up on Monday and it was a steady trend-up
day from the get-go. There were small reactions at
resistance areas on the way up, however the pullbacks were
very small and well contained as the ES grinded its way to
1092.00 just before settlement.

The Dow and Nasdaq 100 both made new closing highs on
Monday, while the SP500 didn't quite make it. The market
looks to be in a bit of a melt-up move, but a breakout to a
new high on the SP500 should have a very hard time on
sticking. The internal gauges are near the polar opposite as
they were just over a week ago, with the SP500 closing at
1036.19. The closing Trin on that day was just under 3.00,
an extremely high level of fear. On Monday's close, the Trin
was a miniscule .28, showing signs of panic buying as the
up/down volume ratio on the NYSE was 18 to 1. Along with
this, my RBI oscillator spiked into overbought status and
the 3 Day Thrust closed at +.65.

When the indicators get to these extremes, the odds favor
being careful on the long side and be heads up for a
reversal pattern. At the moment, the market will be ok
unless the initial support is not held. So, look for early
strength to set up a shorting opportunity, and if the market
obliges be alert for a reversal from initial support. If
that is not held, then odds of the bounces failing will go
up.


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

1092.00-1092.50
1098.00-1098.50
1102.50-1104.00

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

1087.50-1087.00
1080.50-1079.75
1074.50-1074.00

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

1767.50-1768.25
1775.75-1777.25
1784.50-1786.00

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

1761.50-1760.25
1752.50-1751.50
1742.00-1740.75

December 2009 Dow futures resistance
symbols: emini = ymz9

10195-10200
10240-10245
10295-10299

December 2009 Dow futures support
symbols: emini = ymz9

10163-10157
10114-10108
10041-10037

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: 11/09/09

HOW OUR DAY WENT:

The market gapped up on the open and
the pullbacks were shallow, so the group was told that
a trend-up day was in gear as long as the ES didn't
dip more than 2.25 points. We had 2 scalp shorts as the
ES had reactions at resistance areas, but the updated
support held all the way up, and per the last update a
new high was made with 5 minutes left in stock trading.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/08/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 8 / 2009

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 11/8/2009

The market opened lower on Friday, and that weakness was
immediately reversed and the ES ran up from 1055.50 to
1061.25 in the first 40 minutes of trading. That was just a
brief poke over the 1067.75-1068.25 resistance, and after it
reversed the ES quickly fell 11+ points to 1057.50. That
move was reversed as the market stayed range-bound, and the
ES rallied back to the 1067.75-1068.25 resistance zone. The
ES backed off from 1067.75, dropping 6 points before
reversing back up from a 1061.50 pullback low. That low was
made with an hour left in trading, and the market rallied
back to test the afternoon highs at the close.

The market slowed down and we had a trading range day on
Friday. However, the theme has been failed rallies and then
the quick pullbacks are reversed. That makes for a 2-sided
trade, however it looks like the market could be set up for
another decent selloff. A few of the internal gauges are
reaching overbought status. In addition, the Vix has dropped
too far too fast. From the 31.84 high it made last Monday
morning, the Vix dropped 32% to 24.06 on Friday. That is an
enormously fast move for implied volatility, and showing a
very complacent market. This is happening as the SP500 cash
is near the bottom of the old trading range at 1074.31---the
spot from where they broke/accelerated to the downside on
October 26th. It also coincides with the Fib .618
retracement at 1073.88.

That said, since neither side is able to stick, look for
early strength to set up a shorting opportunity as soon as
the upside stalls/reverses, especially if the ES rejects the
1071.50-1072.25 resistance area. If the market obliges, then
a pullback will need to be reversed from the initial support
areas. If that occurs, then we can get another bounce.
However, if the late Friday lows are broken, then chances
are pretty good that a top of some sort is in place and
another leg down could be in gear.

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

1067.75-1068.25
1071.50-1072.25 **major
1076.75-1078.00


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

1062.00-1061.50
1056.00-1055.50
1050.50-1049.50


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

1730.50-1732.00
1736.00-1736.50 **major
1742.25-1743.50


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

1723.00-1722.25
1715.25-1714.50
1708.25-1707.50


December 2009 Dow futures resistance
symbols: emini = ymz9

10004-10007
10034-10038 **major
10080-10085


December 2009 Dow futures support
symbols: emini = ymz9

9944-9938
9893-9890
9838-9832

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: 11/06/09

HOW OUR DAY WENT:

The Employment data gave an emotional
down open, and it reversed immediately and the ES rallied
to the 1067.75-1068.25 resistance zone in the first 40
minutes. The ES spent less than a minute over that
resistance then reversed. Members were told that the top
for the morning as in, and after it reversed the ES quickly
fell 11+ points to 1057.50. The ES rallied back to the
1067.75 level then dropping 6 points before reversing back
up from a 1061.50 pullback low.

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 11/05/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 5 / 2009

(Published Since 1996)

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

Dateline: 7:02 pm eastern time, 11/5/2009

The ES opened at the 1051.75-1052.50 resistance on Friday,
and from 1052.50 it dropped 3 points to 1049.50 before
turning back up. The rally reached 1058.50, our 2nd
resistance was 1058.00-1058.50, and the ES dropped 3 points
to 1055.50 and turned back up. The bounce stalled out after
reaching 1062, and we were short but looking for a bounce.
That bounce took out 1060.50 and ran to the 1063-1064 key
area. The move reached the 1063.00, then reversed and
dropped 4.75 points to key support at 1058.25. A bounce to
1063.75 reversed, giving a good re-entry on the short side,
and the ES dropped 3.50 points to 1060.25 with 15 minutes
left in stock trading. The ES then ran up to 1064.00 in the
final minutes and backed off a bit before the close.

We get the Employment data before the open on Friday. At the
moment most everything is neutral to nearing overbought
status. The very short term internal gauges are getting
close to an overbought status. The sentiment is getting
bullish in a hurry. Vix dropped over 8% on Thursday. Lastly,
the ES reached a good resistance zone at 1063-1064 on 3
occasions on Thursday. The first 2 lead to pullbacks, then
the ES ended the day in that zone.

That said, no damage is done as long as the initial support
can hold. If it does not, then a decent pullback / selloff
could occur. So look for opportunities on both sides unless
the market gets into a trend down phase. If the ES falls
towards the 1058.50-1058.00 area and cannot quickly reverse,
then a decent sized pullback could occur.

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

1064.00
1067.75-1068.25
1071.50-1072.25 **major
1076.75-1078.00


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

1060.50-1060.00
1058.50-1058.00
1050.50-1049.50
1042.00-1041.50


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

1722.00
1728.00-1729.00
1734.00-1735.00 **major
1739.25-1740.50


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

1712.00-1711.25
1708.25-1707.50
1700.00-1699.25
1691.75-1690.50


December 2009 Dow futures resistance
symbols: emini = ymz9

9970
10004-10007
10034-10038 **major
10080-10085


December 2009 Dow futures support
symbols: emini = ymz9

9941-9938
9916-9913
9838-9832
9740-9736


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: 11/05/09

HOW OUR DAY WENT:

The ES opened at the 1051.75-1052.50
resistance, and from 1052.50 it dropped 3 points to
1049.50 before turning back up. The rally reached
1058.50, our 2nd resistance was 1058.00-1058.50, and
the ES dropped 3 points to 1055.50 and turned back up.
The bounce stalled out after reaching 1062, and we
were short but looking for a bounce. That bounce took
out 1060.50 and ran to the 1063-1064 key area. The move
reached the 1063.00, then reversed and dropped 4.75
points to key support at 1058.25. A bounce to 1063.75
reversed, giving a good re-entry on the short side,
and the ES dropped 3.50 points to 1060.25 with 15
minutes left in stock trading. The ES then ran up to
1064.00 in the final minutes and backed off as the market
acted timid up there.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/04/09

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

TradeStalker's

R.B.I. Trader's Update

11/ 4 / 2009

(Published Since 1996)

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


Dateline: 6:18 pm eastern time, 11/4/2009

The gap up open at the 1051.50-1052.25 resistance set up an
early short on Wednesday. The ES turned down from 1052.25
and dropped 4.50 points to 1047.75. The upside then resumed
and the ES rallied to 1057.50 before it stalled and rolled
over. We were then looking for a pullback to 1051.50-1051.00
to be key support, and a pullback reversed from 1051.50 and
then bounced 2.50 points to 1054.00 before stalling out in
front of the Fed release. After the release there was a
pop-and-drop to 1046.00 on the ES that lasted about 15
minutes, and then the market turned back up. A sprint to
1058.50 stalled out and the ES backed off, but when the 1053
level was cut through the second time the downside picked up
steam. A plunge to 1041.50 easily filled the gap and then
the market firmed into the close.

We had more good volatility to trade on Wednesday as we
expected. After getting extremely oversold late last week,
and then getting 4 buy signals from the Vix on the Monday,
the market put together a decent oversold rally. It lasted 3
days so far, and it that looks to be over for now. Most of
the overbought/oversold gauges have gone into neutral. In
addition to that, the market is losing upside momentum. The
SP500 cash closed up 6.69 points on Monday, closed up 2.53
points, and closed 1.09 points on Wednesday. At best it
looks like a trading range. At worst, the downside could
gather steam and head towards the 1016-1014 area on the
SP500 cash to see if it can hold what appears to be
important support.

The market has not been able to hold on to its gains, so on
Thursday look for early strength to be sold. If there is an
early pop up to the 1051.75-1052.50 area on the ES and it
reverses, that would be a good entry. If the market can not
bounce that much, it means it is weak and the downside
should be in gear. IF somehow the market tests the Wednesday
highs, it should be an easy short barring some extraneous
news event. On the downside, a break of the Wednesday low
areas would mean a test of the 1036.75-1036.25 area, and
that area will need to defended to avoid a bad day for
the bulls.



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

1051.75-1052.50
1058.00-1058.50
1062.75-1064.00
1071.50-1072.25 **major


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

1042.00-1041.50
1036.75-1036.25
1031.50-1030.75
1026.50-1026.00


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

1693.75-1694.50
1699.25-1700.00
1705.75-1706.50

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

1676.75-1676.00
1672.00-1670.75
1658.75-1658.00
1652.00-1650.25

December 2009 Dow futures resistance
symbols: emini = ymz9

9832-9839
9884-9888
9924-9932

December 2009 Dow futures support
symbols: emini = ymz9

9740-9736
9683-9679
9656-9654
9634-9632


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

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: 11/04/09

HOW OUR DAY WENT:

The had a gap open at the 1051.50-
1052.25 resistance set up an early short. The ES turned
down from 1052.25 and dropped 4.50 points to 1047.75.
The upside then resumed and our target at 1055.75-
1056.50 area was exceeded by 1 point then stalled and
rolled over. We were then looking for a pullback to
1051.50-1051.00 to be key support and a pullback
reversed from 1051.50 and then bounced 2.50 points to
1054.00 before stalling out in front of the Fed release.
Members were told that if 1053 was broken then the
lows or 1043 would be reached and they fell to 1041.50
before a bounce into the close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/03/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 3 / 2009

(Published Since 1996)

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


Dateline: 6:44 pm eastern time, 11/3/2009


The market opened lower on Tuesday but the weakness was
reversed and the ES rallied from 1030.75 to 1040.50 just
over 30 minutes into trading. That was at the 1040.00-
1041.00 initial resistance, and the market dropped down to
test the lows. The ES made a double bottom pattern off of
1031.00 and then bounced to 1036.25 updated resistance. A
pullback followed but then the ES was reversed from 1032.00
and then it shot higher. A sprint to 1041.50 fizzled out,
then the ES pulled back to test the 1036.50 new support.
That held and a rally up to 1043.00 followed. That level was
quickly rejected, and with that resistance being a bit too
much, the ES fell back to the 1036.50 area with an hour
left. The market churned just over that level until 3:30,
and then the market turned up and made a run up to test the
highs. That pop lasted 5 minutes as the move fizzled and
reversed from 1042.75, then dropped 3.50 points to 1039.25
before churning into the close.

The market gave us some good swings in both directions on
Tuesday. Wednesday is a Fed Release day, and the volatility
isn't going to dry up now. For the most part, the short term
internal gauges have moved out of deep oversold territory.
Also, the downside momentum let up some, with the averages
making inside days on Tuesday.

On Fed days, if there is a trending market going into the
2:15 pm release, then that trend is usually reversed. On
Wednesday the market will be in decent shape as long as the
1036.75-1036.25 area on the ES and 1672.00-1670.75 area on
the NQ are broken. If those are broken, then the uptrends
will roll over and the 1026.50-1026.00 area, or lower, could
be in the cards before another decent reversal occurs. If
those are held, then a rally should have trouble with the
1049.00-1049.50 area if the market is still weak. After the
Fed release, there tends to be a quick "shake and bake"
where the market moves down then up quickly, however a trend
should develop after 15-20 minutes and make a good move into
the last 30 minutes or longer.



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

1042.75-1043.25
1049.00-1049.50
1051.50-1052.25


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

1036.75-1036.25
1031.50-1030.75
1026.50-1026.00


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

1677.00-1677.75
1686.50-1687.75
1690.50-1691.50


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

1672.00-1670.75
1658.75-1658.00
1652.00-1650.25


December 2009 Dow futures resistance
symbols: emini = ymz9

9736-9739
9792-9796
9820-9825


December 2009 Dow futures support
symbols: emini = ymz9

9683-9679
9656-9654
9634-9632


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

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: 11/03/09

HOW OUR DAY WENT:

The lower open was reversed and the
first bounce was sold right at our initial resistance
zone at 1040.00-1041.00. The ES dropped 7.75 points
from 1040.50 to 1032.75. A bounce to 1039.75 gave us
another shorting opportunity and the ES dropped 8.75
points to 1031.00. A rally to 1041.50 then reversed, and
since 1036.50 was prior shorting territory, we switched to
buying a pullback that held that 1036.50-1036.00 area. The
ES held right there and then rallied 6.50 points to 1043.00.
Then members were told to favor a short as 1043 was a top,
and the 1036.25 level was tested. A rally from that support
back to 1042.75 ended the day.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/02/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 2 / 2009

(Published Since 1996)

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


Dateline: 6:08 pm eastern time, 11/2/2009


The market opened higher on Monday, and after a quick
pullback from 1040.50 to 1034.00 the market reversed back up
and rallied nicely. However, after reaching 1049.50 the
market started to act toppy, and it rolled over and sold off
fast once the downside started. A steady trend down to
1026.00 was reversed and a decent bounce followed. That move
fizzled out after reaching 1035.00 on the ES and the market
fell again to test the lows. A double bottom was made at
1026.00 on the ES and the market rallied back. Updated
resistance at 1037.50-1038.50 was nailed, then a 5+ point
drop from 1037.50 to 1032.25 followed. A bounce to 1037.00
reversed and the ES dropped 5.50 points to 1031.50 with
about 30 minutes left, then buying/ short covering came in
and the market rallied into close.

There was really good movement in both directions on Monday.
Those Monday lows might have been the lows for a few days,
but the early action should be telling on Tuesday. There was
a potential rising wedge forming going into the Monday
close. A break below the 1032.00-1031.50 area would set up a
short on the bounce that follows. However, if that area is
held then the upside should continue.

In any case, at the moment the market looks like it might go
into a trading range, and the volatility should continue.
The internal gauges are just coming out of oversold
territory, but the Vix gave 4 buy signals at Monday's close.
The fact that the bulls made a good stand at the 1026 level
was a plus also. If the Monday lows on both the ES and YM
are broken, then a drop towards the 1015.00-1014.00 area
would be a test of what should be a major support zone,
unless this is more than just a decent correction.

On Tuesday look to short early strength that reverses, and
then if the market obliges look for the first decent
pullback to set up a buying opportunity if the 1032.00-
1031.50 area on the ES is reversed. If that is not quickly
reversed, then the Monday double bottom at 1026 will be in
jeopardy.



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

1040.00-1041.00
1046.50-1047.25
1049.50
1050.75-1051.50


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

1032.00-1031.50
1026.50-1026.00
1022.00-1020.50
1015.00-1014.00


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

1672.75-1673.75
1682.00-1682.75
1687.75
1689.25-1690.50


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

1660.50-1659.75
1650.50-1649.75
1644.25-1643.50
1637.75-1636.25


December 2009 Dow futures resistance
symbols: emini = ymz9

9746-9750
9792-9796
9812
9820-9825


December 2009 Dow futures support
symbols: emini = ymz9

9678-9675
9636-9632
9589-9585
9521-9518


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

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