TradeStalker's RBI Update 01/21/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 21 / 2010

(Published Since 1996)

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

Dateline: 6:28 pm eastern time, 1/21/2010

The ES popped up and then reversed from the 1136.75-1137.50
resistance in the first 30 minutes, then dropped fast to the
1119.50-1118.50 support and there was a small bounce. It
stopped at 1122.50 which was updated via instant message,
and then an 11 point drop to 1111.50 followed. After a
bounce, a new low was made at 1110.75 and then a bounce to
the 1119.50 resistance failed. A drop of 7.75 points to
1111.75 followed, and then after a bounce back to 1117.00
the market proved it was in trouble by reversing and selling
off into the close.

The market broke down to where the year closed out on
Thursday. The market is not yet oversold, and the drop so
far is not the normal slow drift that other recent
pullbacks. A top at the 1147 level won't be seen for awhile,
that looks pretty certain. The market also woke up from the
complacent mood, as the VIX jumped over 19% on Thursday. If
there is another sizable drop, and the SP500 cash and
futures reach the 1080 area and reverse, that will set up a
good trade on the long side. Until then, or until the market
shows signs of changing, the bounces should continue to fail
so stay with shorting the bounces for now.

On Friday look for early strength to set up a very good
shorting opportunity, if the market can muster a bounce. A
lower open that reverses in the first 20-40 minutes should
set up a scalp on the long side. However don't fall in love
with the long side just yet, as the bounces are still
shorting opportunities. The bears finally have the upper had
and are pressing on the bounces, so only a break/ hold over
the 1119.00-1119.50 area on the ES AND the 1857.50-1858.00
area on the NQ will have a chance to turn things around.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1117.00
1119.00-1119.50
1122.50-1123.00
1125.75-1126.25

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1109.50-1108.50
1104.25-1103.50
1099.00-1098.25

March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1852.50
1857.50-1858.00
1862.50-1863.00
1868.00-1869.50

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1836.50-1836.00
1832.00-1831.25
1824.50-1822.75

March 2010 Dow futures resistance
symbols: emini = ymh0

10370
10384-10388
10423-10427
10468-10475

March 2010 Dow futures support
symbols: emini = ymh0

10315-10310
10279-10275
10230-10225

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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: 01/21/10

HOW OUR DAY WENT:

The ES popped up and then reversed from
the 1136.75-1137.50 resistance in the first 30 minutes, then
dropped fast to the 1119.50-1118.50 support and there was
a small bounce. It stopped at 1122.50 which was updated
via instant message, and then an 11 point drop to 1111.50
followed. After a bounce, a new low was made at 1110.75 and
then a bounce to the 1119.50 resistance failed. A drop of
7.75 points to 1111.75 occurred before there was a bounce,
but no stick-em as the market closed poorly.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 01/20/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 20 / 2010

(Published Since 1996)

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

Dateline: 7:56 pm eastern time, 1/20/2010

The pivotal 1143 level on the ES was rejected in pre-open
trading, and the big down open gathered momentum as the ES
kept pushing lower until the ES reached 1125.25. We took
some nice profits on puts bought on Tuesday, and gave
updated resistance at 1129.50-1130.00. The ES bounced to
1129.75 and stalled, then dropped 4 points to 1125.75 to
make a double bottom. After getting over 1129.75 the ES, it
popped up to 1131.00 but only dipped to 1129.25 and then the
uptrend resumed as the market rallied back into the close.

There isn't much to say tonight that's new. The VIX jumped
up over 10% intraday on Wednesday, and then turned back up.
That should mean more volatility ahead, and that the market
isn't quite ready to roll over. The ES is in a 22 point
range, so look for a buying opportunity on a test of the
bottom side if / when there is a reversal. On the other side
of the coin, a move back towards the 1143 area on the ES
would set up a good shorting opportunity if a top is in
place up at the 1147 area. We get the Philly Fed and the
Leading Indicators release 30 minutes into the day on
Thursday and that should cause a reaction.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1136.75-1137.50
1140.25-1141.00
1143.00-1143.50
1147.00-1148.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1131.50-1131.00
1129.25
1125.75-1125.25
1123.00-1122.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1876.25-1877.00
1884.00-1885.00
1890.00-1890.75


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1859.00-1858.25
1854.50
1851.00-1849.75
1845.50-1844.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10575-10578
10627-10631
10653-10656


March 2010 Dow futures support
symbols: emini = ymh0

10536-10533
10509
10469-10465
10443-10439

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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: 01/20/10

HOW OUR DAY WENT:

The pivotal 1143 level on the ES was
rejected in pre-open trading, and the big down open gathered
momentum as the ES kept pushing lower until the ES reached
1125.25. We took some nice profits on puts bought on Tuesday,
and gave updated resistance at 1129.50-1130.00. The ES then
bounced to 1129.75 and stalled, setting up a short. The ES dropped 4 points to 1125.75 to make a double bottom, then
turned back up. When the trend turned up, the updated support
held and a bounce lasted into the close.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 01/19/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 19 / 2010

(Published Since 1996)

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

Dateline: 6:12 pm eastern time, 1/19/2010

Last night's update stated:

"...a pullback should hold over the 1131.50-1131.00
area to keep the stair-step higher pattern on the
intraday chart."

The ES fell from the MLK Day high at 1137.00 and opened at
the 1131.50-1131.00 support on Tuesday. The ES turned up and
rallied 11.50 points to 1142.75, just 1 tick under the 1143
resistance, before pulling back. A dip was shallow, holding
over the updated support, and set up a move to 1145.00. The
1143.00 level was updated support and the ES made a double
bottom there and then bounced to 1147.00-1148.00 zone near
the close.

The ES and NQ tested the top of their ranges and backed away
on Tuesday. We get the PPI and Housing Starts numbers before
the open on Wednesday. Since Tuesday was a trend day with
very small pullbacks, the action should be more two-sided on
Wednesday. Look for shorting opportunities around the
Tuesday high areas, but for now there no damage done unless
the 1143 area is broken. That was pivotal on Tuesday, and a
break of that area would break the upside momentum and
possibly be the start of a trip back towards the 1140.00-
1139.50 area on the ES. That will need to be quickly
reversed, otherwise the market will be rolling over.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1147.00-1148.00
1151.75-1152.25
1154.50-1155.50

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1143.50-1143.00
1140.00-1139.50
1135.00-1134.50
1131.50-1131.00

March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1894.75-1896.00
1900.75-1901.50
1905.50-1906.25

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1885.50-1885.00
1880.50-1879.50
1874.25-1873.50
1868.00-1867.00

March 2010 Dow futures resistance
symbols: emini = ymh0

10684-10690
10721-10725
10748-10753

March 2010 Dow futures support
symbols: emini = ymh0

10654-10651
10629-10626
10584-10580
10563-10588

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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: 01/19/10

HOW OUR DAY WENT:

In last night's update the group was told:

"...a pullback should hold over the 1131.50-1131.00 area to
keep the stair-step higher pattern on the intraday chart."

The ES fell from the MLK Day high at 1137.00 and opened at
the 1131.50-1131.00 support on Tuesday. The ES turned up and
rallied 11.50 points to 1142.75, just 1 tick under resistance,
before pulling back. A dip was shallow, holding support, and
set up a move to 1145.00. The 1143.00 level was updated support
and the ES made a double bottom there and then bounced to
1147.00-1148.00 zone near the close.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 01/18/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 18 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 1/18/2010

We came into Friday looking for the 1144.00-1143.50 zone to
be key. The ES opened below that zone, bounced up to
1144.00, then reversed and dropped sharply. We locked in
some profits at the 1133.00-1132.50 zone, which gave a small
bounce, but the market continued to move in trend-down mode
to the 1127.75 recent low. A bounce from 1127.50 reversed at
the 1130.75 updated resistance, and the ES pulled back a bit
to 1128.50. However, that dip was reversed and the market
rallied back in the last hour of trading.

The daily charts are beginning to look toppy, and the weekly
chart doesn't look too good either. Now the key support
could be in jeopardy. In last Wednesday night's update I
stated:

"This could turn into a trading range, with a
double top at 1145.25-1146.25 possibly in place.
On the lower side, that 1129.00-1128.50 area
should be a key support zone now."

The ES went a tiny bit over that zone to 1147.00 on Thursday
(testing the 1148.00 globex high) and a point below it to
1127.50 on Friday. The ES then snapped back to close off
that low area. Now the 1128.25-1127.50 area must be
defended, otherwise a bigger picture breakdown could be
underway and we could see the 1119.50-1118.50 area reached
on this leg down.

On Tuesday look for early strength to be sold as soon as the
momentum fizzles, especially if there is a pop that reverses
in the first 20 minutes or so. If that plays out, then a
pullback should hold over the 1131.50-1131.00 area to keep
the stair-step higher pattern on the intraday chart. If that
area is broken, the key support should be tested. If that is
broken, then 1125.00 needs to be reversed right away, or
else a drop towards the 1123.00-1122.50 area (or more) could
be in the cards before a snap-back rally can occur.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1133.00-1133.50
1137.50-1138.25
1143.50-1144.00
1147.00-1148.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1131.50-1131.00
1128.25-1127.50
1125.50
1123.00-1122.50
1119.50-1118.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1866.00-1867.00
1872.50-1873.50
1879.50-1881.00
1888.50-1889.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1861.50-1860.50
1855.50-1854.75
1850.50
1846.50-1844.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10569-10573
10603-10608
10653-10657
10684-10689


March 2010 Dow futures support
symbols: emini = ymh0

10543-10538
10514-10508
10486
10458-10454


CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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: 01/15/10

HOW OUR DAY WENT:

We came into Friday looking for the
1144.00-1143.50 zone to be key. The ES opened below that
zone, bounced up to 1144.00, and then reversed and dropped
sharply. We locked in some profits at the 1133.00-1132.50
zone, which gave a small bounce, but it was trend-down to
the 1127.75 recent low. A bounce from 1127.50 reversed at
the 1130.75 updated resistance and pulled back 2 points to
1128.50 before the last hour rally.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 01/14/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 14 / 2010

(Published Since 1996)

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

Dateline: 6:43 pm eastern time, 1/14/2010

The lower open reversed from above initial support and
bounced to right in the middle of the 1145.25-1146.25
resistance zone. That set up a short for a 5+ point drop to
1140.00. Then the market started a rally and a couple of
scalps from 1143.50-1144.00 updated resistance set up. The
pullbacks held the updated support, but bounces weren't
holding either so we turned to buying over the 1143.50 level
at shorting 1145 area. We scratched the 1145 short, then a
pop into the 1146.50-1148.00 area reversed and dropped 3
points before the close.

If the 1147-1148 area is not rejected, then a chance for one
more push higher is possible before this move loses its
luster. Since the bottom in March 2009 there has been just
one decent correction. That started after the SP500 cash
rallied 289 points from March low to a high in June 2009.
The SP500 cash then dropped 67 points on a closing basis in
July 2009. From that low, an equal move would put the SP500
cash at 1158.77 intraday. That would be around the 1154.50-
1155.50 area on the ES, and there are a couple other numbers
in that area that should make it tough to get through if the
highs are broken and the market doesn't quickly reverse.

Earnings after the close has the market trading a little bit
higher after the close. The ES has a double top at the
11147-1148 area to overcome. On the down side, the 1144.00-
1143.50 area was resistance early on Thursday, but the break
and hold over that area is what keeps the uptrend alive. If
that area is broken, then odds of a decent top being in
place begin to go up.

Early strength should set up a good shorting opportunity if
there is a reversal from just under 1150 on the SP500 cash
and futures. However, as long as that 1144.00-1143.50 area
is defended on a pullback, the market will be okay bigger
picture. There should still be very good shorting
opportunities when the bounces stall out, and those should
set up the "easier" and better odds trades up at these
levels.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1147.00-1148.00
1151.75-1152.25
1154.50-1155.50


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1144.00-1143.50
1142.00
1138.50-1138.00
1133.00-1132.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1894.50-1895.50
1900.75-1901.50
1905.50-1906.25


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1884.00-1883.50
1880.50
1876.25-1875.50
1868.00-1867.00


March 2010 Dow futures resistance
symbols: emini = ymh0

10674-10679
10701-10705
10743-10748


March 2010 Dow futures support
symbols: emini = ymh0

10652-10649
10642
10610-10606
10587-10584

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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: 01/14/10

HOW OUR DAY WENT:

The lower open reversed from above initial
support and bounced to right in the middle of the 1145.25-
1146.25 resistance zone. That set up a short for a 5+ point
drop to 1140.00. Then the market started a rally and a few
scalps from 1143.50-1144.00 updated resistance were taken.
The pullbacks held the updated support, so we turned to
buying over the 1143.50 level at shorting 1145 area. We
scratched the 1145 short then a pop into the 1146.50-1148.00
area reversed and dropped 3 points before the close.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 01/13/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 13 / 2010

(Published Since 1996)

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

Dateline: 6:51 pm eastern time, 1/13/2010

The early strength fizzled, setting up a short and the ES
then dropped 7.50 points to the 1129.00-1128.50 key support.
A quick reversal set up a trade on the long side and the ES
bounced 3.75 points to updated resistance at 1133.00. A
short at that area was stopped out for a small loss, as the
ES ran up to 1141.00. The 1138 level was given as updated
support, and that held for a 4.25 point move up to 1142.50.
The pullback from 1142.50 was just 1.50 points, and then the
ES reached 1145.25 and then sold off. The break of 1143.50
turned the trend, giving a short that gave a drop to 1141.25
just before settlement.

The market put together a good rally from the 1129.00-
1128.50 support area on Wednesday. This could turn into a
trading range, with a double top at 1145.25-1146.25 possibly
in place. On the lower side, that 1129.00-1128.50 area
should be a key support zone now, and as long as that zone
is not broken, the daily chart will still be in decent
shape.

The internal gauges are beginning to show bigger picture
divergences. If the breadth on the NYSE is not strong on
Thursday (that would be a net +1200 advancing issues) then
we could begin to get a bigger picture bearish divergence
almost across the board. That is what is often seen before a
decent sized correction.

On Thursday we get the Retail Sales before the open. If
there is a pop back up towards the Wednesday highs and the
move stalls/ reverses, then it sets up a shorting
opportunity. On the downside, as long as a pullback can hold
the initial support areas, the market will still be in good
shape. However, if they are broken and not quickly reversed,
then a drop to the next support areas should hold unless the
market is in trouble.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1145.25
1146.50-1148.00
1151.75-1152.25


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1138.50-1138.00
1133.00-1132.50
1129.00-1128.50
1126.00-1125.00


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1889.50
1893.75-1895.50
1900.75-1901.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1876.25-1875.50
1868.00-1867.00
1855.25-1853.75
1850.00-1849.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10657
10667-10672
10694-10698


March 2010 Dow futures support
symbols: emini = ymh0

10610-10606
10587-10584
10561-10558
10521-10514

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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: 01/13/10

HOW OUR DAY WENT:

The early strength fizzled, setting up a
short and the ES then dropped 7.50 points to the 1129.00-
1128.50 key support. A quick reversal set up a trade on
the long side and the ES bounced 3.75 points to updated
resistance at 1133.00. A short at that area was stopped
out for a small loss, as the ES ran up to 1141.00. The 1138
level was given as updated support, and that held for a 4.25
point move up to 1142.50. The pullback from 1142.50 was just
1.50 points, and then the ES reached 1145.25 and then sold
off. The break of 1143.50 turned the trend, giving a short
that gave the drop to 1141 per instant message.

See how we traded the market today. Check out our Instant
Messenger Log here:
http://www.tradestalker.com/log.htm

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 01/12/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 12 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 1/12/2010

The market gapped down on Tuesday, and the ES fell to
1132.50 and and reversed. That was 2 ticks over the 1132.00-
1131.25 support which set up a scalp on the long side. Then
the move reached the updated resistance at 1137.75 to the
tick, filling the gap and then was rejected 2 more times. We
expected bounces to fail, and that action set up a great
short with a tight stop. The move was good for 10 points on
the ES as it reached 1127.75 shortly after 1pm. A bounce
back off that low just missed the 1133 level, reaching
1132.25 before heading back down. A reversal off of 1128.50
occurred with 20 minutes left in stock trading and then the
market rallied into the close.

The market was about to finish the day on a weak note, but
out of the blue buying came in and once again and propped
the market back up. The action off of the 1146.25 high on
Monday still looks like it was the start of a correction.
However, as long as the 1129.00-1128.50 area on the ES is
defended on a pullback, nothing bad will happen. If there is
a drop through that area, but it reverses back up from the
1126.00-1125.00 zone, then a bounce like the late Tuesday
rally is likely. If that area is broken, then a bigger
picture top is likely in place, and a move back under
1109.50 is likely in the cards.

We get the Fed's Beige Book on Wednesday at 2pm. The futures
settled above fair value so higher prices are expected on
the open if they hold over night. If there is early weakness
on Wednesday, look for a reversal from near initial support
to set up a trade on the long side. If that plays out,
beware that as soon as the upside loses momentum, the market
could pull back pretty fast. We should get another 2-sided
trading day, so buy the dips that reverse, and/or short the
run-ups as soon as the upside stalls out.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1135.00
1337.75-1138.50
1143.75-1144.25
1146.50-1148.00

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1132.50-1131.50
1129.00-1128.50
1126.00-1125.00
1123.00-1122.50

March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1866.50
1871.00-1872.00
1876.25-1877.50
1886.00-1886.50

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1859.50-1859.00
1855.25-1853.75
1850.00-1849.50
1846.00-1844.50

March 2010 Dow futures resistance
symbols: emini = ymh0

10595
10615-10619
10649-10653
10682-10686

March 2010 Dow futures support
symbols: emini = ymh0

10568-10565
10537-10534
10501-10498
10482-10479

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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)

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: 01/12/10

HOW OUR DAY WENT:

The market gapped down on Tuesday, and the
ES fell to 1132.50 and and reversed. That was 2 ticks over
the 1132.00-1131.25 support which set up a scalp on the long
side. The move reached the updated resistance at 1137.75 to
the tick, filling the gap and then was rejected 2 more times.
We expected bounces to fail, and that action set up a great
short with a tight stop. The move was good for 10 points on
the ES as it fell to 1127.75 just after 1pm. The bounce was
reversed just under 1132.50-1133.00 updated resistance then
dropped 3.75 points to 1128.50 in the last 20 minutes.

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 01/11/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 11 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 1/11/2010

The gap up open on the ES reversed from the 1146.50-1148.00
resistance zone on Monday, and the first pullback reversed
after falling to 1139.25. A bounce to 1142.50 failed, and
from there the ES sold off to a low at the 1137.75-1137.25
support zone. The market turned back up, and able to hold
over the 1139.75 level, the ES rallied to 1144.25 before the
close.

The market closed at new highs for the move again on Monday,
the 6th up day in a row. The ES rejected the 1146.50-1148.00
area, however once again the market got footing at a support
area and rallied back. The Vix gave 4 sell signals on
Monday, and at the least the volatility should pick up.
Right now it looks like the market is vulnerable, especially
with the crowd so bullish.

On Tuesday the market should have trouble holding on to any
gains it might make. Look for early weakness to set up a
quick trade on the long side. Just do not fall in love with
the long side, as that 1146.50-1148.00 area should be a
short term high and a deeper pullback than we have been
getting should occur soon.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1143.75-1144.25
1146.50-1148.00
1151.75-1152.25

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1140.00-1139.50
1137.75-1137.25
1135.50
1132.00-1131.25
1126.00-1125.00


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1886.00-1886.50
1900.50-1901.00
1905.75-1906.50

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1878.50-1877.75
1874.25-1873.25
1870.50
1867.50-1866.50
1858.50-1857.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10619-10623
10644-10648
10674-10678

March 2010 Dow futures support
symbols: emini = ymh0

10575-10572
10541-10537
10518
10501-10496
10441-10438

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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)

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: 01/11/10

HOW OUR DAY WENT:

The gap up open reversed from the 1146.50-
1148.00 resistance on Monday, and sold off to a low at the
1137.75-1137.25 support zone.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 01/10/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 10 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 1/10/2010

The lower open on the Job's numbers was reversed from
1132.00 (just 1 tick over our 1131.75-1131.25 support zone)
and it set up a trade on the long side. The ES rallied to
1138.50 (a direct hit at the 1138.50-1139.00 resistance
zone) and pulled back to the 1136.00 updated support and
based out. With less than 30 minutes left the ES took out
1138.50 and that gave the run up to our 1141-1143 key zone
just before the close.

The resilience the market has is amazing. However, with the
exception being last Monday's big up day, the closing gains
have been relatively small while the NYSE breadth at a
sustainable +600 to +700 net advancing issues each day. This
keeps the market from getting overbought by not going too
far too fast.

That said, the last hour rally on Friday does look like too
much too fast. Along with that, the ES nailed the 1141-1143
area at the close. If that 1143 level is exceeded and held,
then the next resistance would be near the 1158-1160 area on
the SP500 cash, and that could be in the cards before this
mini melt-up type of action is over. Early strength that
reverses in the first 40 minutes would set up a shorting
opportunity, however as long as a pullback can hold the
1137.75-1137.25 area on the ES, then the upside is still in
gear. If that area is not defended, then odds are better
that some sort of top was already made increase, and the
bounces then will be shorting opportunities under the 1142
area.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1142.00-1143.00
1146.50-1148.00
1151.75-1152.25


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1139.25-1138.50
1137.75-1137.25
1135.50
1132.00-1131.25
1126.00-1125.00


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1891.50-1892.50
1896.50-1897.50
1901.50-1902.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1887.00-1886.00
1883.50-1883.00
1875.50
1867.50-1866.50
1858.50-1857.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10572-10576
10618-10621
10664-10668


March 2010 Dow futures support
symbols: emini = ymh0

10545-10540
10531-10528
10518
10501-10496
10441-10438

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.comGood Trading,
Mike Reed

Copyright (c) 2010 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)

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: 01/08/10

HOW OUR DAY WENT:

The lower open on the Job's numbers was
reversed from 1132.00 (just 1 tick over our 1131.75-1131.25
support zone) and it set up a trade on the long side. The
ES rallied to 1138.50 (a direct hit at the 1138.50-1139.00
resistance zone) and pulled back to the 1136.00 updated
support and based out. With less than 30 minutes left the
ES took out 1138.50 and that gave us the run up to our 1141-
1143 key zone just before the close. Volatility is surely
back, start the week with our group as next week should be
full of opportunity!

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 01/07/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 7 / 2010

(Published Since 1996)

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

Dateline: 6:10 pm eastern time, 1/7/2010

The early weakness on Thursday took the ES to the 1128
support and it quickly reversed, setting up a trade for a
bounce. The ES ran up to the 1135.00 resistance and then
pulled back. Then the ES broke 1131 and held that level on a
dip, keeping upside intact. After running to 1138.50, the ES
dropped right to the 1134.50 updated support where buying
came in and gave the market a run back to test the highs by
the close.

The Dow and SP500 both made new intraday and closing highs
for this bull market move. The Nasdaq averages did not. The
internal gauges mostly backed out of extreme overbought
territory on Thursday. The sentiment is still extremely
bullish, and the crowd being so bullish at new highs is kind
of scary. The exit door could get crowed if a dose of bad
news hits at this juncture. If not, a pop to the 1141-1143
area on the ES is still a possibility before there is a
sharp, or prolonged, downdraft.

We get the Employment numbers on Friday. Look to sell early
strength, and then if the market obliges and sells off, the
1134.75-1134.25 area on the ES then would need to hold on
the first good pullback to keep a good uptrend intact. If
that area on the ES, along with the 1870.25-1869.50 area on
the NQ, can not hold then the market could be rolling over.
If that is the case, then the key support to end the week is
at 1126.00-1125.00 zone.


March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1138.50-1139.00
1141.00-1143.00
1146.50-1148.00
1151.75-1152.25

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1134.75-1134.25
1131.75-1131.25
1126.00-1125.00

March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1879.50-1880.50
1883.50-1885.25
1889.75-1890.50
1896.50-1897.50

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1870.25-1869.50
1866.25-1865.75
1858.50-1857.50

March 2010 Dow futures resistance
symbols: emini = ymh0

10558-10563
10582-10586
10618-10621
10674-10678

March 2010 Dow futures support
symbols: emini = ymh0

10523-10520
10495-10491
10441-10438

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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)


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: 01/07/10

HOW OUR DAY WENT:

The early weakness took the ES to the
1128 support and it quickly reversed setting up a trade for
a bounce. The ES ran up to the 1135.00 resistance and then
pulled back. Then the ES broke 1131 and held that on a dip,
keeping upside intact. After running to 1138.50, the ES
dropped right to the 1134.50 updated support where buying
came in and gave us a run back to test the high.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 01/06/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 6 / 2010

(Published Since 1996)

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

Dateline: 6:26 pm eastern time, 1/6/2010

The ES popped up to the 1132.50 on the open (1132.50-1133.00
initial resistance) and quickly dropped to 1129.75 (1130.00-
1129.50 initial support) before bouncing back. Per the 2nd
intraday update, the rest of the day was "a choppy day with
new highs sold and the pullbacks are bought. The 1135.50
high was 1 tick under important resistance and the market
backed off as expected before the close.

The market might have higher to go, but the risk/reward up
here doesn't look very favorable at the moment. The very
short term internal gauges are overbought, with my RBI
Oscillator just turning from Sell territory. Along with
that, my 3 day thrust oscillator at +.60 (normal overbought
is +/- .50). Also, the sentiment is very bullish, and as a
contrary indicator that's not a great backdrop for higher
prices. In addition to that, the Vix made back-to-back new
52 week lows on Tuesday and Wednesday. If the Vix reverses
and closes up on Thursday it could give a number of sell
signals.

That said, the market really hasn't done anything wrong just
yet, and still has an outside chance to rally towards the
1141-1143 area on the ES. It looks like the upside should be
okay as long as the 1131.50-1130.75 area is defended, along
with the 10560 level on the Dow cash. If those areas are not
held, or quickly reversed if broken, then the bounces are
not likely going to stick. In fact, if the market does put
together a rally but it stalls out in new high ground, it
should set up at least a scalp on the short side the way the
market has been acting.

We get the Initial Claims before the open on Thursday, and
on Friday we get the Employment data before the open, so
another two-sided day is expected. The short side should
give the "easier" opportunities if there is a pop to around
the Wednesday highs, or a bit higher. On a pullback, expect
a bounce to occur unless the initial support areas are
broken and not quickly reversed.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1135.50
1136.50-1137.00
1141.00-1143.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1131.50-1130.75
1128.00
1126.00-1125.00
1122.00-1121.25


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1890.25
1894.00-1894.50
1900.50-1904.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1873.25-1872.25
1869.25
1864.50-1864.00
1858.50-1857.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10544
10554-10558
10611-10616


March 2010 Dow futures support
symbols: emini = ymh0

10494-10490
10478
10461-10455
10425-10421

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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)

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: 01/06/10

HOW OUR DAY WENT:

The ES popped up to the 1132.50 on the
open (1132.50-1133.00 initial resistance) and quickly
dropped to 1129.75 (1130.00-1129.50 initial support) before
bouncing back. Per the 2nd intraday update, the rest of the
day was "a choppy day with new highs sold and the pullbacks
are bought. The 1135.50 high was 1 tick under important
resistance and the market backed off as expected.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 01/05/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 5 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 1/5/2010

The opening strength on Tuesday was a short from the 1129.75-1130.50 resistance on the ES, and it fell to 1125.00 and quickly reversed. The ES then sprinted to 1132.75, but after the rally fizzled, a 1-2-3 top formed after the 1131.75 lower high reversed. The downside target/support at the 1126.50-1126.00 area was nailed. The market turned back up, and the rally was verified as 1129.50 broke/held and it was good for a rally back to 1133.00 by the close.

The market might continue to push higher, but at these levels there should be a pullback first. The indicators are getting short term overbought, and the VIX closed at its lowest level since the 2007 top. The Monday afternoon lows now need to hold, or quickly reverse if broken, to avoid a topping pattern. Unless that occurs, the moves to new highs that stalls/reverses should set up shorting opportunities and the pullbacks that are quickly reversed should set up trades on the long side. Don't get carried away with longs as the reward/risk doesn't look real favorable short term.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1132.50-1133.00
1135.75-1136.50
1141.00-1143.00

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1130.00-1129.50
1126.00-1125.00
1122.00
1120.50-1119.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1889.50-1890.25
1894.00-1894.50
1900.50-1904.50

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1883.50-1883.00
1877.00-1876.00
1871.50
1868.50-1867.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10522-10528
10554-10558
10611-10616

March 2010 Dow futures support
symbols: emini = ymh0

10494-10490
10461-10455
10425
10401-10399

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)

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: 01/05/10

HOW OUR DAY WENT:

The opening strength was a short from the
1129.75-1130.50 resistance and ES fell to 1125.00 and quickly
reversed. Then after the rally fizzled, a 1-2-3 top formed
after the 1131.75 lower high reversed, and then the downside
target/support at the 1126.50-1126.00 area was nailed. Out
of shorts, the rally was verified as 1129.50 broke/held and
and was good for a rally back to 1133.00 by the close.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 01/04/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 4 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 1/4/2010

The market opened much higher on Monday, and the move
continued in trend up fashion until poking over the 1128.50-
1129.00 resistance zone. The ES reached 1129.75 while the NQ
stayed under its 1889.00 early high all morning and
afternoon. A double top gave a small pullback to 1127.50
which turned into a double bottom just before the close.

The market had a very good start to the new year. However,
if things haven't changed much, the buyers will back away
until there is another decent pullback. The market may be
able to work its way higher, however at these levels the
better intraday setups are likely going to come on the short
side when new highs are sold into, then bought back after a
decent pullback.

We get Factory Orders and Pending Home Sales 30 minutes into
the day. If there is early strength on Tuesday, and the
upside fizzles and reverses from around the 1130 level on
the ES, it should offer a good shorting opportunity. If
there is a decent pullback, and the 1124.00-1123.25 area is
held or reversed, then a bounce back could be underway. If
that area is not held, then it appears that the 1120.50-
1119.50 area will be a pivotal area. That area should hold
if the first week of the year is going to be strong.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1129.75-1130.50
1135.75-1136.50
1141-1143


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1127.50-1126.75
1124.00-1123.25
1120.50-1119.50
1115.00-1114.50
1110.25-1109.75


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1888.50-1889.25
1894.00-1894.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1883.50-1883.00
1880.00-1878.50
1875.00-1874.00
1868.50-1867.75
1860.00-1858.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10554-10558
10611-10616


March 2010 Dow futures support
symbols: emini = ymh0

10517-10512
10504-10501
10440-10435
10388-10384
10360-10357

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Good Trading,
Mike Reed

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

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

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: 01/04/10

HOW OUR DAY WENT:

The big rally wasn't expected but we
adapted and gave the trend-up support for low risk entry
on the ES until it reversed from just over the 1128.50-
1129.00 zone then broke 1128.50. The market then turned
vulnerable, and we also caught a short on the NQ near 1888
as it failed there 5 times before dropping.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 01/03/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 3 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 1/3/2010

The market was acting toppy early last week, as the pops
into the new high territory were repeatedly sold. Then on
Wednesday the ES dropped to the 1117.75-1117.00 key support,
and managed to bounce back to 1124.00 on Thursday's open.
That didn't stick either, as the early strength was once
again sold on Thursday. The ES dropped to the 1117.75-
1117.00 key support, and then churned just over that zone
going into the last 30 minutes of trading on Thursday. That
area finally broke, and a sharp drop to 1109.75 occurred at
the 4 pm close for stocks. The futures rallied back in the
last 15 minutes, but end-of-quarter "settlement at fair
value" had them settle the day near the day and weekly lows.

The market looks like it topped for a bit. The ES gave back
the 6+ days of upside in just 30 minutes on Thursday. The
daily indicators are a day or so from getting oversold, and
the VIX reversed and jumped up after getting under 20 for a
few days. So it looks like there should be more to go on the
downside before a decent low can be put in place.

On Monday look for early strength to be sold and then if the
ES can hold and reverse from around the 1108 area, a decent
bounce could occur. Just don't expect the bounces to stick
unless the 1121.50-1122.00 area is exceeded and not quickly
reversed.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1114.50-1115.00 **minor early
1117.50-1118.00
1121.50-1122.00 **key area
1125.75-1126.25
1128.50-1129.00 ** major


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1110.25-1109.75
1108.00
1105.25-1104.50
1098.00-1097.25


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1864.50-1865.00 **minor early
1868.50-1869.00
1872.50-1873.00 **key area
1881.00-1882.00
1886.00-1886.50 ** major


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1858.50-1857.75
1855.00
1852.00-1851.75
1842.75-1841.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10413-10415 **minor early
10426-10430
10462-10465 **key area
10497-10501
10525-10529 ** major


March 2010 Dow futures support
symbols: emini = ymh0

10364-10360
10333
10317-10314
10271-10267

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)

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: 12/30/09

HOW OUR DAY WENT:
The ES reversed from the key 1117.75-
1117.00 support and bounced 4.75 points to 1122.50 in the
first 30 minutes of trading. A little double top formed,
and the ES tested and reversed from 1118.00 and bounced
3.75 points to 1121.75. The market is a short on bounces
under 1122 today.

Happy New Year! "See" you in 2010!

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 12/29/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 29 / 2009

(Published Since 1996)

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

Dateline: 6:01 pm eastern time, 12/29/2009

NOTE: This will be the last nightly update until Sunday
evening on January 3rd, 2010. On Wednesday I will try to
update though the instant message page, but that will be it
until the new year. We would like to wish all of you a safe
and Happy New Year!!!

Last night the early game-plan I gave for Tuesday stated:

"...look for a shorting opportunity on a bounce to test
the Monday highs, or if the market makes token higher
highs, and the move stalls out."

We got that on the open as the ES gapped up and then
reversed from 1 tick over the 1126.25 Monday high. Then,
after a 2.75 point pullback, a bounce set up a 1-2-3 top as
1126.25 was reversed and the ES dropped 4.50 points to the
1123-1122.00 updated support. That set up a scalp trade on
the long side back to the 1124 resistance, but the market
didn't do much until the last hour. The ES went up to
1125.00, but then reversed and held under 1124.00 on a
bounce. That kept the pressure on in the last 15 minutes and
market continued lower until the it made new lows for the
day at the 4pm close for stocks.

The market is acting toppy, but still has refused to fall
apart. The bounces finally did not stick, as the new high
areas continue to be sold in to. At the moment there appears
to be more potential downside than upside, so if there is
another push higher and the move stalls / reverses, that
should make a good trade on the short side. If we get a test
of the 1128.50-1129.00 area on the ES, it should set up a
very good shorting opportunity. On the downside, there was a
number of highs at the 1117.75-1117.00 area before the ES
finally broke out of its range. A drop to that area would
need to be quickly reversed if reached, otherwise the series
of narrow range days could give a good sized range by ending
the year on a poor note.

So, look for a good shorting opportunity if there is another
bounce that fizzles out on Wednesday. On the flip side, if
there is a decent pullback beware of a potential reversal
back up if the 1117.75-1117.00 area is tested and reversed.
If that area is broken, and not reversed, then back away
from buying anything as the downside could be picking up
some steam.

NOTE: This will be the last nightly update until Sunday
evening on January 3rd, 2010. On Wednesday I will try to
update though the instant message page, but that will be it
until the new year. We would like to wish all of you a safe
and Happy New Year!!!

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1123.75
1125.75-1126.25
1128.50-1129.00 ** strong
1132.00-1134.50

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1120.50-1119.50
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1873.50
1876.50-1877.00
1881.00-1882.00 ** strong
1886.50-1887.50

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1868.00-1767.25
1864.50-1862.75
1858.50-1857.75
1853.00-1851.75

March 2010 Dow futures resistance
symbols: emini = ymh0

10509
10525-10529
10550-10555 ** strong
10568-10572

March 2010 Dow futures support
symbols: emini = ymh0

10477-10473
10451-10448
10432-10428
10399-10395

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)

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: 12/29/09

HOW OUR DAY WENT:

Last night our trading group was told:

"...look for a shorting opportunity on a bounce to test
the Monday highs, or if the market makes token higher
highs, and the move stalls out."

We got that on the open when the ES gapped up and then
reversed from 1 tick over the Monday high 1126.25. Then,
after a 2.75 point pullback, a bounce set up a 123 top and
the ES dropped 4.50 points to the 1123-1122.00 updated
support. That set up a scalp trade on the long side back to
the 1124 resistance. The last hour drop held the 1120.00-
1119.50 support in what was a choppy session.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 12/28/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 28 / 2009

(Published Since 1996)

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

Dateline: 6:01 pm eastern time, 12/28/2009

We were expecting two-sided action on Monday and we got it.
We were shorting early strength that reversed, and about 10
minutes into the day that occurred when the ES turned down
from 1126.25 and broke 1124.00. The ES made its low at
1119.50, and per instant message we covered most of the
shorts at 1119.75. That was at the 1120.00-1119.50 initial
support zone, and able to hold that area and then lead
higher by the Dow for a change, the market rallied back with
the ES reaching the 1124.00 resistance before settling for
the day session. The Nasdaq ran into a wall of resistance at
the 1878.50 level and closed poorly.

Most, but not all, of the internal indicators backed out of
extreme overbought territory on Monday. We get the Consumer
Confidence number 30 minutes into the trading day on
Tuesday. The market is not staying in new high territory for
very long, so beware of failed rally attempt if a push into
new high ground stalls out. On the other side of the coin,
the pullbacks find buyers on every dip over the last 6 days.
When a pullback doesn't get reversed either in the first
hour of the day, or can not recover from losses late in the
day, then the mood will likely change.

Unless or until that occurs, look for a shorting opportunity
on a bounce to test the Monday highs, or if the market makes
token higher highs, and the move stalls out. Then, if the
market obliges and a drop to test of the Monday low is
reversed, that should set up a trade on the long side. If
the 1120.00-1119.50 area on the ES is not defended, then the
1117.75-1117.00 area would fill a gap. If the market gets
there, a reversal from near that zone would need to occur
quickly or else there could be bigger trouble in store for
the market going into year end.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1124.00
1125.75-1126.25
1128.50-1129.00
1132.00-1134.50
1154.00-1156.00 major


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1121.25
1120.00-1119.50
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1878.50
1881.00-1882.00
1885.50-1886.00
1892.50-1894.50

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1874.25
1868.00-1767.25
1864.50-1862.75
1858.50-1857.75
1853.00-1851.75

March 2010 Dow futures resistance
symbols: emini = ymh0

10492
10511-10514
10530-10534
10550-10555

March 2010 Dow futures support
symbols: emini = ymh0

10465
10451-10448
10432-10428
10399-10395
10349-10344


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.

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: 12/28/09

HOW OUR DAY WENT:

We were expecting two-sided action
and got it Monday. We were shorting early strength that
reversed, and about 10 minutes into the day and that
occurred when the ES turned down from 1126.25 and broke
1124.00. The ES made its low at 1119.50, and per instant
message we covered most of the shorts as that was at the
1120.00-1119.50 support zone. It looked like 1 more drop
was possible, but that support was strong enough for the
ES to rally to 1124 resistance by the close.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 12/27/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 27 / 2009

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 12/27/2009

The SP500 cash and futures finally broke out of the ranges
on Wednesday. On Thursday there was a gap up open, and
follow through buying took the ES up to the 1122.50-1124.00
resistance zone in the first 30 minutes. A small pullback
from 1122.50 to 1119.75 followed, and then the market
churned with an upside bias back to the highs at the close.

All of the major averages closed at new highs for the year
on Thursday. For the last 5 days the pullbacks have held,
and then the upside gets going again. However, the market
looks to be at an important spot here. The short term
indicators are very overbought, and the Vix gave 2 sell
signals, and normally this sets up a decent pullback - or at
best there is back and forth action. What keeps hope alive
for the bulls up here is that the last 2 days of the month,
first 2 days of a new month has a historical upside bias.
So, given this conflict, it will likely set the market up
for more volatility than we have seen recently. A pullback
shouldn't take out the 1117.75-1117.00 area on the ES, or
quickly reverse if it is broken, if the market is going to
avoid going back down into the old trading range.

On Monday, look for early strength to set up a shorting
opportunity if there is a reversal in the first 40 minutes
of trading. If that plays out, beware that as long as the
initial support areas hold on early weakness, the market
will still be in uptrends and in decent shape. If the market
wants to take off higher, then we could potentially see the
1154.00-1156.00 area before the move encounters trouble. I
doubt that occurs without a good pullback first though. If
the ES breaks the 1115.00-1114.75 zone and doesn't quickly
reverse, then the market could see downside acceleration as
the breakout would have failed.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1122.50-1124.00
1128.00-1128.50
1132.00-1134.50
1154.00-1156.00 major


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1120.25-1119.75
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1864.50-1866.00
1871.50-1873.00


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1862.00-1861.50
1858.50-1857.75
1853.00-1851.75
1845.00-1843.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10472-10480
10530-10534


March 2010 Dow futures support
symbols: emini = ymh0

10455-10451
10432-10428
10399-10395
10349-10344

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)

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: 12/23/09

HOW OUR DAY WENT:

The pop over 1115.25-1116.00 area on
the ES was reversed and a drop to 1111.25 followed. That
1115.25-1116.00 area should be pivotal today.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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 12/22/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 22 / 2009

(Published Since 1996)

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

Dateline: 6:03 pm eastern time, 12/22/2009

The resistance around the 1115 level on the ES was reversed
in the first hour on Tuesday, and it fell to 1110.50 before
noon. Then the 1115-1116.00 area was reiterated as
resistance and the bounce reversed from 1115.25 and pulled
back to 1112.00 in a small range day.

This is the last update until Sunday night. We wish all of
you a Merry Christmas, and a safe trip for those who are
traveling. If not for you all, there wouldn't be a
TradeStalker publication and I thank you for your faith in
my work.

On Wednesday we get a batch of economic data before the
open, and then more at 9:55 am and 10:00 am. The market has
been active early, but then the move gets reversed around
lunchtime. The market doesn't appear to have much more to go
on the upside unless there is a good spark to bring in
buying. The buying dried up at the top of the range as the
ES quickly backed away from the 1115-1116 area easily.

If there is a decent sized pullback, then the long side
might become attractive. However, unless the market can
prove itself strong by breaking / holding the 1115-1116 area
on the ES, the market is vulnerable. If a drop to the
1109.75-1109.50 area on the ES is tested and reversed, then
a trade could set up on the long side but don't fall in love
with longs unless we get a move through that 1115-1116 area
and holds it on a pullback. If the market just pops through
that area and reverses, that could start a decent sized
selloff.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1115.25-1116.00
1118.50-1119.00
1122.50-1124.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1112.00
1109.75-1109.50
1107.75-1107.25
1103.50-1102.50
1099.00-1098.25


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1842.00-1843.00
1848.50-1849.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1835.25
1828.00-1827.25
1824.50-1823.75
1818.75-1818.00
1814.00-1812.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10418-10422
10430-10434


March 2010 Dow futures support
symbols: emini = ymh0

10388
10361-10358
10336-10332
10312-10308
10269-10264

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.

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