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