TradeStalker's RBI Update 02/17/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 17 / 2010

(Published Since 1996)

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

Dateline: 6:04 pm eastern time, 2/17/2010

The gap up open reversed from the 1097.75-1098.50 resistance
on the ES and it pulled back 3.50 points to 1094.50 before
bouncing. Then, the 2-sided action we expected was evident.
The short side on the pops over 1098 were the better
reward/risk opportunities for scalps as the back-and-forth
action was in play all day. The market did avoid a break-
down however by holding 1096 and rallying back to make a
token new high at the close.

On Thursday we get Initial Claims and PPI before the open,
and then the Leading Indicators and Philly Fed releases at
10 am. While the intermediate term internal gauges have
firmed up, the short term internal gauges are now very
overbought nearly across the board. The Vix dropped to be
more than 10% under its 10 day average close. If the Vix
drops early on Thursday, and then reverses back up, that
should signal the start of a decent pullback. Unless this
move is in the early stage of heading towards or through the
yearly highs, a breather is due and we should get a bit of a
pullback.

On both Tuesday and Wednesday the market gapped open above
the previous days highs. If the same occurs on Thursday, and
the ES reverses (especially if the reversal comes from the
1102.50-1104.00 area), that should set up a pullback at
least. If the ES can stay over 1098 on a dip, the upside
will remain strong. However, if that 1098 area is broken,
and not quickly reversed back to the upside, then pressure
should be on for a decent drop. The 1089.00-1088.50 zone
should/ must hold if the market gets hit with some selling
on Thursday. If the market gets down there, and cannot turn
around and rally back, then we could see a day or so of
downside action before the market gets footing and turns
back up.

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

1100.00
1102.50-1104.00
1107.50-1108.00
1110.50-1112.00


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

1098.00
1096.50-1096.00
1093.75-1093.00
1089.00-1088.50
1086.75-1086.25


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

1812.50
1816.50-1817.00
1821.50-1822.50
1828.00-1829.00


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

1809.59
1807.00-1806.50
1803.25-1802.25
1795.25-1794.50
1792.50-1791.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10302
10335-10342
10378-10383
10402-10407


March 2010 Dow futures support
symbols: emini = ymh0

10289
10280-10277
10257-10252
10204-10200
10182-10179

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: 02/17/10

HOW OUR DAY WENT:

The gap up open reversed from the
1097.75-1098.50 resistance on the ES and it pulled back 3.50
points to 1094.50 before bouncing. Then, the 2-sided action
we expected was evident. The short side on the pops over 1098
were the better reward/risk opportunities for scalps as the
back-and-forth action was in play all day.

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 02/16/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 16 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 2/16/2010

The ES turned down from the 1085.50-1086.25 resistance
shortly before stocks opened and dropped to the 1080-1079
updated support about 20 minutes into the trading day. The
ES then made a double bottom at 1079.50 and the reversal set
up a trade on the long side. After running up to 1087.00,
new support was given at 1083 and the ES turned up from
1083.25 and rallied to a new high at 1089.00. The market
then turned choppy, but the dips held the 1086.50-1086.00
old resistance turned new support, and then the ES rallied
to the 1093.50-1094.25 updated resistance at 3:45 pm. The ES
pulled back to the pivotal 1092.50 area and then firmed into
the close.

Since last Friday's gap down lows, the market has put
together a very good rally in a persistent uptrend into the
Tuesday close. The run up in the last 40 minutes on Tuesday
was almost too straight up, and now the 1089.00-1088.50 area
on the ES needs to hold to avoid trouble. This move might
have a bit further to go, possibly back towards the 1097.75-
1098.50 area on the ES, but as stated last night the market
was one good up day away from getting overbought. Now my 3
day Thrust oscillator is at +.60 and the RBI Oscillator
poked into overbought territory. About all that is missing
from the short term gauges is a Vix sell signal. If that
reverses on Wednesday, then it would be a short term
negative also. So, under these conditions another trend up
day is not likely. A 2-sided day is more likely on
Wednesday.

On Wednesday we get the Housing Starts before the open, and
the Fed Minutes are released at 2 pm. If there is follow
through strength, then look for a shorting opportunity if
the move is reversed in the opening 30 minutes of trading.
If that plays out, then the first decent pullback should
hold over the 1089.00-1088.50 area on the ES and set up
another bounce. If that area is broken, then the trends
begin to break. In that case, a bounce back towards whatever
the highs were that stalls/ reverses sets up a good shorting
opportunity.

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

1094.00-1094.50
1097.75-1098.50
1102.50-1104.00


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

1092.00
1089.00-1088.50
1086.75-1086.25
1083.00-1082.50
1080.00-1079.00


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

1801.00-1802.00
1807.50-1808.25
1812.50-1814.00


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

1798.00
1795.25-1794.50
1792.50-1791.50
1787.75-1786.75
1782.00-1780.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10252-10256
10282-10286
10335-10342


March 2010 Dow futures support
symbols: emini = ymh0

10228
10204-10200
10182-10179
10157-10153
10115-10110

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: 02/16/10

HOW OUR DAY WENT:

The ES turned down from the 1085.50-1086.25
resistance and dropped to the 1080-1079 updated support. The
ES then made a double bottom at 1079.50 and the reversal set
up a trade on the long side. After running up to 1087.00,
members were given new support at 1083 and the ES turned up
from 1083.25 and rallied to a new high at 1089.00. The market
then turned choppy but the dips held the 1086.50-1086.00 old
resistance turned new support, and then the ES rallied to the
1093.50-1094.25 updated resistance at 3:45pm and pulled back
to the pivotal 1092 before bouncing 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 02/15/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 15 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 2/15/2010

We were looking for early weakness to set up a buying
opportunity last Friday, and the ES opened 11.50 points
lower and dropped to the 1061.50-1060.50 zone before
reversing. From a 1060.25 low the ES rallied to 1067.25,
then pulled back to updated support at 1062.25 and rallied
nicely to 1075.00. A drop held right over the updated 1065
updated level then rallied to 1076.00. After that failed,
new support at 1068.00 was tested and reversed in the last
330 minutes, and that started a rally back to 1079.50 at the
close. In the afternoon, all 3 of the big swings to the
upside started from a support zone. Two of those failed just
below the 1077.00-1078.00 key resistance, and the last one
rallied through that zone by 1.50 points just before
settlement.

The intermediate term indicators are beginning to shape up,
but are at a spot where the market needs to take off with
good internals to keep those indicators from rolling over.
However, the short term gauges are still about a day from
some short term overbought condition. If the Vix continues
to drop, and goes under 21.03 on Tuesday, then a reversal
would likely generate a few Vix sell signals.

The daily and intraday charts are in channel right now.
There has been plenty of volatility, but the market closed
out the week on the up-side. Each drop under 10,000 on the
Dow cash has been reversed, and the channel will still hold
as long as Friday's last hour lows are not broken. If they
are broken, and the market cannot bounce right back, then it
could lead to a rush for the exit door.

We should get more good volatility. The Friday action was
*very* much a two-sided trading day. The ES made these
swings of 4+ points intraday on Friday:

1060.00
1067.25 +7.25
1062.25 -5.00
1075.00 +12.75
1065.50 -9.50
1076.00 +10.50
1068.00 -8.00
1079.50 +11.50

Tally the points up using the 4 point swing criteria and
that gives a 64.50 point travel range for the ES on Friday!!
There were 42.00 points on the long side and 22.50 points on
the short side, so we can't complain about a lack of
volatility.

On Tuesday look for a shorting opportunity if the market
opens higher and reverses from near the 1081.50-1082.00
area. If that plays out, then the first decent pullback
should set up a good buying opportunity as long as the
1068.50-1068.00 zone on the ES is defended. As long as that
area is held, then the pattern of higher lows will continue.
If the 1068.50-1068.00 area is broken, and not quickly
reversed, then it's a change of character and then the next
bounce would then set up a shorting opportunity on a move
that stalls out under whatever the prior high happened to
be.

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

1081.50-1082.00
1085.50-1086.25
1090.50-1091.25


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

1072.50-1072.00
1068.50-1068.00
1065.00
1061.00-1060.00
1057.25-1056.25


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

1786.00-1786.75
1792.25-1793.50
1798.75-1800.50


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

1776.50-1775.75
1772.50-1771.75
1766.50
1758.50-1757.25
1749.50-1748.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10127-10132
10167-10172
10208-10214


March 2010 Dow futures support
symbols: emini = ymh0

10058-10053
10020-10016
9999
9956-9951
9932-9927

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: 02/12/10

HOW OUR DAY WENT:

We were looking for early weakness to set
up a buying opportunity, and the ES opened 11.50 points lower
and dropped to the 1061.50-1060.50 zone before reversing 15
minutes into the day. From a 1060.00 low, the ES turned up
and rallied to 1067.25, then pulled back to updated support
at 1062.25. A reversal there started a 12+ point rally to
1075.00. A drop held right over the updated 1065 level then
rallied 11 points to 1076.00. After that failed, new support
at 1068.00 was tested and reversed and that started a rally
back to 1079.50 - another 11.50 points. In a nut-shell, the
early low and then all 3 of the big swings to the upside
starting around noon started from a support zone, then failed
just below the 1077.00-1078.00 key resistance except for the
last one. On the long side alone, that was 41.50 points of
*potential* and getting just 5 of them covers a 3 month
membership.

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 02/11/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 11 / 2010

(Published Since 1996)

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

Dateline: 6:49 pm eastern time, 2/11/2010

The ES opened lower on Thursday and after a tiny pop the ES
dropped from 1064.25 down to 1057.50 in the first 20 minutes
of trading. The market reversed course and rallied back to
just over the 1066.25 resistance area before pulling back.
The ES reversed back up from updated support and then ran up
to the 1077.00-1078.00 zone. After reversing from 1077.75 on
the first attempt, the ES dropped 4 points to 1073.75 and
bounced back. The bounce then went to 1078.00 and quickly
reversed, and then it was chop between 1077.25 and 1073.50
going into the close.

The market is one decent up day from a potential trading top
by the look of things, and we could see the ES go for the
1081.50-1082.00 area (or higher if not rejected early)
before a decent pullback occurs. If that plays out, then a
decent sized pullback of 8-10 ES points would be likely if
the volatility is going to continue.

We get Retail Sales before the open on Friday. As long as
the initial support areas are held, the trends will remain
pointing higher. So, if there is early weakness it should
set up a good trade on the long side when it reverses. If
the ES doesn't show any sign of turning from the 1081.50-
1082.00 zone then we are likely headed back to a good
resistance zone up around the 1085.50-1086.25 area on the
ES. If that zone is reached, then beware of a reversal as
that is about as far as a rally should go unless the market
is super strong and headed back towards the 1090's.

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

1077.00-1078.00
1081.50-1082.00
1085.50-1086.25
1090.50-1091.25


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

1074.00-1073.50
1072.25
1068.50-1068.00
1061.50-1060.50
1057.25-1056.25


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

1778.00-1779.00
1784.00-1784.75
1790.25-1791.50
1798.75-1800.00


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

1770.75-1770.25
1768.00
1758.00-1757.50
1749.50-1748.50
1736.75-1736.00


March 2010 Dow futures resistance
symbols: emini = ymh0

10122-10129
10167-10172
10208-10211
10245-10249


March 2010 Dow futures support
symbols: emini = ymh0

10091-10088
10081
10049-10046
9977-9971
9932-9927


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: 02/11/10

HOW OUR DAY WENT:

We were looking for early weakness to set
up a buying opportunity, and the ES dropped to 1057.50 and
reversed about 18 minutes into trading. The first bounce
reversed from just over initial resistance, then pulled back
to 1061.75 updated support area. After the bounce took out
the 1071.50-1072.50 former resistance, it turned into support
to buy for the run-up to the 1077-1078 area. The high for the
day was at 1078.00 and that zone offered 2 good shorting
opportunities.

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 02/10/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 10 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 2/10/2010

The lower open was bought on Wednesday and the ES popped up
5.75 points to 1069.75 and quickly reversed. The early game-
plan worked nicely as the first bounce failed under initial
resistance and then the ES dropped to 1056.25 in trend down
fashion. The trend was reversed an hour into the day, and a
rally was pretty good, but it was stopped cold after a
direct hit of the 1071.50-1072.50 resistance zone. After a 6
point drop to 1065.25, we were re-entering a short on a
bounce towards 1069 and the ES rejected 1068.50 twice before
dropping 5 points to 1063.50. A bounce back to the 1066.00-
1066.50 followed, and it set up one last short as the ES
dropped from 1066.25 to 1063.00 just before settlement.

Once again the market was unable to hold its gains and
closed poorly. Also, the 1071.50-1072.50 resistance zone was
soundly rejected so that might be all there is for upside
potential at this time. The ES was feeling comfortable
around the 1066 area, having opened and settled at 1106.50
and 1066.25 on Tuesday. The Wednesday open was at 1065.75
and the ES was right there at the 4 pm close for stocks. The
fact that they dropped into settlement looks like a tip-off
for more weakness ahead.

On Thursday look for the same pattern of early weakness
being bought, and if that plays out then the first decent
bounce should set up a good shorting opportunity as long as
the move fails under the initial resistance zones. If that
1066.25 area is not rejected, then a test of that 1071.50-
1072.50 zone would be key to how strong, or weak, the market
is. On the downside, if the Wednesday low areas at 1056.50-
1056.00 on the ES and 1739.25-1738.50 on the NQ are tested,
and not quickly reversed, then this move lower could gather
some steam. It would open the door to re-visit the 1048.00-
1047.50 area on the ES before any kind of reversal attempt.
If the market gets down there, it must rebound sharply
otherwise we will be back to testing the major support that
this publication nailed last Friday at the 1044-1042 area on
the SP500 cash.

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

1066.25
1068.00-1068.50
1071.50-1072.50
1077.00-1078.0
1082.00-1082.50


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

1063.00
1056.50-1056.00
1053.00-1052.50
1048.00-1047.50
1040.75-1039.50 MAJOR


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

1748.50
1752.25-1753.00
1758.00-1759.00
1767.00-1768.00
1774.00-1774.75


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

1743.50
1739.25-1738.50
1731.00-1730.50
1723.50-1722.50
1712.00-1710.75 MAJOR


March 2010 Dow futures resistance
symbols: emini = ymh0

10010
10026-10030
10053-10058
10103-10108
10149-10154


March 2010 Dow futures support
symbols: emini = ymh0

9983
9932-9927
9898-9895
9848-9846
9798-9791 MAJOR

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: 02/10/10

HOW OUR DAY WENT:

The lower open was a buy and the ES popped
up 5.75 points to 1069.75 and quickly reversed. So, the early
game-plan worked nicely as the ES dropped to 1056.25 in trend
down fashion. The trend reversed an hour into the day, and a
rally was pretty good, but it was stopped after a direct hit
of the 1071.50-1072.50 resistance zone. After a 6 point drop
to 1065.25, we were re-entering a short on a bounce towards
1069 and the ES rejected 1068.50 twice before dropping 5
points drop to 1063.50. A bounce back to the 1066.00-1066.50
followed, and it set up one last short as the ES dropped from
1066.25 to 1063.00 just before settlement.

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 02/09/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 9 / 2010

(Published Since 1996)

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

Dateline: 6:26 pm eastern time, 2/9/2010

The ES opened up 10+ points and reversed from the 1068.00-
1068.50 resistance then dropped 4.50 points. The second pop
was quickly reversed, and the break of 1063 started a drop
to 1058.00. A double bottom was made, and the reversal was a
buy when the 1063 level was broken and held. After the quick
drop, updated resistance at 1071.25-1072.50 area was tested
and reversed and gave us a 6.25 point drop into the last 5
minutes of stock trading.

The market had a good morning, however once again it was
unable to avoid a good sized pullback. The market pretty
much worked off its oversold status, but the sentiment is
still a bit too bearish which could help prop the market up.
In any case, the market will be okay as long as the initial
support areas hold, or are quickly reversed. If they are
broken early, then a bounce will likely set up a shorting
opportunity when it fizzles out. The initial support areas
still need to be exceeded, and then held on a pullback, to
get a decent uptrend intact.

On Wednesday, if the market opens lower, that should set up
a pretty good trade on the long side. If that plays out,
beware that the first decent bounce should set up a good
shorting opportunity, especially if a bounce fails to clear
the initial resistance. If that 1071.50-1072.50 area is
easily cut through, then a move to test/ exceed the Tuesday
highs is likely before any sort of reversal occurs.

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

1071.50-1072.50
1077.00-1078.00
1082.00-1082.50

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

1065.00-1064.50
1058.50-1058.00
1053.00-1052.50
1048.00-1047.50
1040.75-1039.50 MAJOR


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

1758.00-1759.00
1767.00-1768.00
1774.00-1774.75

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

1749.00-1748.00
1739.25-1738.50
1731.00-1730.50
1723.50-1722.50
1712.00-1710.75 MAJOR


March 2010 Dow futures resistance
symbols: emini = ymh0

10068-10072
10103-10108
10149-10154

March 2010 Dow futures support
symbols: emini = ymh0

9998-9994
9941-9937
9868-9865
9848-9846
9798-9791 MAJOR

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: 02/09/10

HOW OUR DAY WENT:

The ES opened up 10+ points and reversed from the 1068.00-1068.50 resistance then dropped 4.50 points. The second pop was quickly reversed, and the break of 1063 started a drop to 1058.00. A double bottom was made, and the reversal was a buy when the 1063 level was broken and held.
After the quick drop from the 1077.00 high to 1066.25, the updated resistance at 1071.25-1072.50 area was tested and reversed and gave us a 6.25 point drop into the last 5 minutes of stock trading. A 2-sided day as we were looking for...

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 02/08/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 8 / 2010

(Published Since 1996)

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


Dateline: 6:12 pm eastern time, 2/8/2010

After dropping from the 1063.75-1064.25 resistance just
before stocks opened on Monday, the ES was sold on the open
and fell to the 1056.25-1055.50 support zone.

As stated last night: "if a pullback can hold the
initial support, the up-trends will remain intact and
the market should head back up."

That was reversed and after getting over the 1063.50-1064.00
area the move continued to a 1068.50 high. After a small
dip, a 123 top set up from 1068.00 and the ES dropped to the
new support at 1064.00-1063.50 zone. A bounce failed at
1067.00 and that was it for the upside. The market rolled
over and all of the bounces failed as the ES went trend-down
to 1053.00 at the 4pm close for stocks.

The early rally off of a good support area was sold on
Monday, and for the second half of the day it was all down
hill. After the Friday run-up, that was not impressive for a
follow-up. The market is back into oversold status, but for
now it looks like 2 sided action at best is in store for
Tuesday. The trends are all to the downside unless the
initial resistance zones are exceeded and held on a
pullback. Even then, the market has its work cut out for it
to put together a rally that can hold.

On Tuesday look for early weakness to reverse to set up a
quick trade on the long side. If that plays out, the initial
resistance should be watched for a reversal. If the 1059.50-
1060.25 area is not exceeded and held, then the bounces
still are not sticking and lower prices will be in the
cards. If the market gets hit with a hard selloff, then
watch the 1022-1021 area for a possible bottom for this leg
down.


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

1059.50-1060.25
1063.50-1064.00
1068.00-1068.50
1073.50-1074.00
1078.25-1079.00

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

1053.00-1052.50
1048.00-1047.50
1040.75-1039.50 MAJOR
1032.00-1031.50
1022.00-1021.00 Panic major area


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

1741.75-1743.00
1748.50-1749.50
1753.50-1754.50
1758.25-1759.00
1765.50-1766.00

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

1731.00-1730.50
1723.50-1722.50
1712.00-1710.75 MAJOR
1700.75-1699.75
1690.50-1689.50 Panic major area


March 2010 Dow futures resistance
symbols: emini = ymh0

9922-9925
9949-9953
9989-9992
10038-10042
10099-10103

March 2010 Dow futures support
symbols: emini = ymh0

9968-9865
9848-9846
9798-9791 MAJOR
9714-9709
9623-9618 Panic major area


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

REMINDER:

Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:

http://www.tradestalker.com/RBIchat.htm


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


Good Trading,
Mike Reed

Copyright (c) 2010 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: 02/08/10

HOW OUR DAY WENT:

The ES dropped from just under initial resistance to the 1056.25-1055.50 support in the morning and then rallied 12.50 points to 1068.50. After that we flipped to the short side, and got a nice entry when the ES made a 123 top off 1068.00. From there I gave guidance for new resistance/ re-shorting areas as the ES plunged 15 points to 1053.00 at the 4pm close for stocks.

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 02/07/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 7 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 2/7/2010

The ES popped up to 1064.00 on Friday, (key resistance was
at 1063.75-1064.25) and then they dropped 11.75 points to
1052.25 (we had support at 1052.25-1051.50). From there, the
ES rallied back to 1063.00 and fizzled, setting up another
short. After a 12+ point drop to a 1050.25 low, I gave new
resistance at 1056.75 and that was nailed before the 16.00
point trend-down move to 1040.75 on the ES and 1044.50 on
the SP500 Cash. That was just over the major support at the
1044-1042 area, the ES bounced to the 1048.00 updated
resistance. From 1048.00, a 3.50 point drop to 1044.50
reversed and when 1048 was cleared, I sent an I.M. saying
that the ES was good over 1047.00, which held just before a
sprint to 1064.00 resistance... quite a day to end a wild
week.

The market got hammered last week. However, on Friday the
market made a low at a logical support area, and with the
market being very oversold, the ES rallied back 23.25
points. There were other key areas broken on the way to the
Friday lows, so it's too soon to say that a bottom is in
place. The market is still somewhat oversold, so it will be
important for the market to hold over the initial support
areas if there is early weakness. If they do not, then a
drop should hold the 1048.00-1047.50 area on the ES if it is
going to keep from getting hit hard again. If the 1044-1042
area on the SP500 cash breaks, and the market doesn't
quickly reverse back to the upside, then the downside could
gather some momentum. There is a big cluster of numbers at
the 1022-1021 area on the ES if panic hits the market on
Monday.

The futures settled well under fair value, so the initial
resistance that was met twice on Friday is the first hurdle
for the market to clear. If the upside isn't reversed at the
initial resistance areas, then the ES could go for the
1069.50-1070.25 zone before having trouble. So, look to sell
early strength when the upside stalls/ reverses. Then, if a
pullback can hold the initial support, the up-trends will
remain intact and the market should head back up. If the
initial support is not held, then the 1048.00-1047.50 area
is about as far as a normal pullback should go without
breaking back down. If that is the case, the major area at
the Friday lows must be defended, otherwise a second panic
selloff in the last 3 days could hit the market.

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

1063.75-1064.25
1069.50-1070.25
1073.50-1074.00
1078.25-1079.00


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

1056.25-1055.50
1051.00
1048.00-1047.50
1040.75-1039.50 MAJOR
1032.00-1031.50
1022.00-1021.00 Panic major area


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

1748.25-1749.00
1753.50-1754.50
1758.25-1759.00
1765.50-1766.00


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

1737.00-1736.00
1727.00
1723.50-1722.50
1712.00-1710.75 MAJOR
1700.75-1699.75
1690.50-1689.50 Panic major area


March 2010 Dow futures resistance
symbols: emini = ymh0

9977-9982
10029-10034
10056-10060
10099-10103


March 2010 Dow futures support
symbols: emini = ymh0

9909-9905
9866
9848-9846
9798-9791 MAJOR
9714-9709
9623-9618 Panic major area


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: 02/05/10

HOW OUR DAY WENT:

The ES popped up to 1064.00 (key resistance
was at 1063.75-1064.25) and then they dropped 11.75 points to
1052.25 (we had support at 1052.25-1051.50). From there, the
ES rallied back to 1063.00 and fizzled, setting another short.
After a 12+ point drop to a 1050.25 low, I gave new resistance
at 1056.75 and that was nailed before the 16.00 point trend-
down move to 1040.75 on the ES and 1044.50 on the SP500 Cash.
That was just over the major support at 1044-1042 area, the
ES bounced to 1048.00 updated resistance. From 1048.00, a
3.50 point drop to 1044.50 reversed and when 1048 was cleared.
The group was sent an I.M. that the ES was good over 1047.00,
which held just before running up another 17 sprint to the
1064.00 key resistance at the 4pm stock close... That adds up
to 40 ES points *potential* on the short side, and 17 points
on the long side... quite a day to end a wild week.

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 02/04/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 4 / 2010

(Published Since 1996)

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

Dateline: 6:46 pm eastern time, 2/4/2010

The ES opened down 11.50 points on Thursday, and then went
trend-down to 1070.25. I then gave new resistance at the
1073.50-1074.00 area, and the bounce reversed from 1073.75,
giving as good of a low risk entry as was possible. Then
after dropping to 1063.75, the ES bounced back to the
1069.50-1070.25 resistance. Staying under the 1070 level, a
double top at 1069.50 set up yet another good reward/ risk
opportunity as the ES dropped to and then through the 1062
target.

The market went from very oversold to overbought at
Wednesday's close, and with the damage that was done by
breaking through 1093.50, the downside snow-balled lower. On
the first leg down from the 1147 top I stated that all that
was missing was a sign of capitulation. We got some of signs
of that on Thursday. The closing Trin on Thursday was 3.43,
which normally means the market is within a day of putting
together a good rally. In addition to that, after dropping
down to the 21 area, the Vix reversed and jumped up over 20%
on Thursday. The market has good downside momentum, but odds
of a decent rally occurring are pretty good.

We get the Jobs data before the open on Friday. If the
market opens lower, look for a reversal back up to set up a
trade on the long side, especially if there is a reversal
from the 1058.50-1057.50 area on the ES. If that plays out,
then beware of a reversal if the ES rallies back to the
1069.50-1070.25 resistance area and the move stalls out. If
that occurs, then the bears will still have the upper hand
as the bounces would still be failing. If that area is
exceeded, then a pullback would need to hold over the 1064
area to keep a new uptrend intact.

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

1063.75-1064.25
1069.50-1070.25
1073.50-1074.00
1078.25-1079.00


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

1059.50
1058.50-1057.50
1052.25-1051.50
1044-1042 {SP500 Cash}


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

1736.00-1736.50
1743.50-1744.50
1748.25-1749.00
1756.50-1758.00


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

1731.50
1728.50-1727.50
1721.50-1719.75


March 2010 Dow futures resistance
symbols: emini = ymh0

9987-9991
10029-10034
10056-10060
10099-10103


March 2010 Dow futures support
symbols: emini = ymh0

9955
9947-9943
9902-9898

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: 02/04/10

HOW OUR DAY WENT:

The ES opened down 11.50 points, and went
trend-down to 1070.25. I then gave new resistance at the
1073.50-1074.00 area, and the bounce reversed from 1073.75,
giving as good of a low risk entry as was possible. Then
after dropping to 1063.75, members were given the 1069.50-
1070.25 resistance, and a double top at 1069.50 set up yet
another good reward/ risk opportunity as the ES dropped to
and then through the 1062 target.

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 02/03/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 3 / 2010

(Published Since 1996)

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

Dateline: 6:26 pm eastern time, 2/3/2010

The lower open on Wednesday was reversed and the ES rallied
to the 1099.50 resistance before fizzing out. That set up a
good shorting opportunity, and it was trend down to the
1091.50-1091.00 support area. A bounce up to 1096.25 failed,
and a drop to 1090.50 was then quickly reversed and the
market bounced back. The rally took the ES to 1097.25, where
it made a double top before pulling back. Then the market
went range-bound, with the ES gyrating between 1092 on the
bottom and 1097 on top, and finished the day on an up-note.

The market has been very volatile, with a lot of tradable
swings in both directions. On Wednesday we had 9 swings of
4+ points... they are listed below:

1093.50
1099.50 +6.00
1091.25 -8.25
1096.25 +5.00
1090.50 -5.75
1097.25 +6.75
1092.00 -5.25
1096.75 +4.75
1092.50 -4.25
1096.75 +4.25

On Tuesday we had more than that. Just having some patience
to wait for the upside or downside to stall/reverse set them
up both ways. For now expect the same as long as the
1091.00-1090.50 area is not broken and held. The futures
settled well above fair value, so upside follow-through is
factored in if the futures don't drop overnight. If there is
early strength on Thursday, it should reverse within the
first 40 minutes or else the market is very strong. If the
market obliges by reversing any early strength, look for
signs of a reversal on a pullback to take a trade on the
long side. A pullback should go further than the 1093.50
area if the upside is going to remain the path of least
resistance.

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

1097.00-1097.50
1099.50-1100.50
1103.50-1104.00
1106.75-1107.50


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

1093.50
1091.00-1090.50
1088.50-1088.00


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

1789.50-1790.50
1794.50-1795.50
1799.75-1800.50
1804.25-1805.00


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

1783.75
1779.00-1778.25
1765.00-1764.25


March 2010 Dow futures resistance
symbols: emini = ymh0

10245-10248
10257-10262
10302-10309
10327-10331


March 2010 Dow futures support
symbols: emini = ymh0

10231
10187-10184
10154-10151

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: 02/03/10

HOW OUR DAY WENT:

The lower open was reversed and the ES
rallied to the 1099.50 resistance before fizzing out. It
trend-down until the 1091.50-1091.00 support area was
reached. Then after some bouncing around, the rally to the
1097.25 high set up a 123 top pattern, and the ES then fell
5.25 points to the updated 1092.00 support. The ES then
went range-bound as stated by instant message:

(Feb 03-15:20) mike: range to break, 92.50-92.00 the bottom
and 96.50-97.00 on top - short better odds

The ES bounced from 1092.50 to 1096.75, right at updated the 1096.50-1097.00 zone, then dropped 3+ points to 1093.50 at
the 4pm close for stocks.

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 02/02/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 2 / 2010

(Published Since 1996)

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

Dateline: 5:56 pm eastern time, 2/2/2010

The early game-plan was to short early strength, then beware
of a reversal from the 1084.50-1084.00 key support area. The
ES popped up to the 1088.50-1089.00 zone and reversed,
dropping from 1089.00 to 1084.75 (1084.50-1084.00 pivotal
support) in 5 minutes and then turned back up. The bounce
stalled and reversed from 1088.50 and then dropped to the
1084.75 support again. The ES rallied 13 points to the 1097-
1098 resistance zone shortly after noon. Two small pullbacks
from 1097.00 followed, but the 1094.50 updated support held,
setting up a bounce to 1099.50 just before 2 pm. A pullback
to 1095.50 was reversed and a sprint to a 1101.50 high
occurred, and then selling took the market lower into the
close.

The 2 day rally has turned the short term internal gauges
from very oversold to modestly overbought. If there is one
more day of decent action, that would stretch the indicators
into overbought territory nearly across the board. The
sentiment sure turned bullish fast, and if the Vix drops a
bit more and then reverses, that will give some sell
signals.

The ES didn't like it over 1100 on Tuesday afternoon, and
reversed from just above that level. The ES settled about 3
points under fair value, so if there is a pop up to the
1099.50-1100.50 area that reverses early on Wednesday, that
should set up a good shorting opportunity. If that plays
out, or if the ES reverses from a bit higher up early in the
day near the 1103.50-1104.00 area, then the initial support
at the 1095.50-1094.75 area on the ES will need to be
defended, or quickly reversed if broken. The pullbacks have
been setting up good buying opportunities, reversing as soon
as the downside momentum fizzles and prices turn back up. So
that area should hold if the market is still in good shape.
If there is a decent sized pullback/ selloff, then a test of
the 1080.50-1079.75 area would need to reverse quickly,
otherwise we are having another technical breakdown and the
downside could gather some steam.

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

1099.50-1100.50
1103.50-1104.00
1106.75-1107.50


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

1095.50-1094.75
1091.50-1091.00
1088.50-1088.00
1084.50-1084.00
1080.50-1079.75


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

1774.00-1774.50
1778.75-1779.50
1784.25-1786.00


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

1765.00-1764.25
1758.75-1758.00
1751.75-1751.00
1748.50-1747.75
1742.50-1741.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10247-10252
10274-10278
10302-10309


March 2010 Dow futures support
symbols: emini = ymh0

10212-10209
10183-10180
10164-10161
10125-10121
10105-10103


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: 02/02/10

HOW OUR DAY WENT:

The early game-plan was to short early
strength, then beware of a reversal from the 1084.50-1084.00
key support area. The ES popped up to the 1088.50-1089.00
Resistance zone and reversed, dropping 4.25 points from
1089.00 to 1084.75 Support in 5 minutes and then turned back
up. The bounce stalled and reversed from 1088.50 and then
dropped 4.25 points again to the 1084.25 Support and turned
back up. That was a very good start. Then, with 2 reversals
from the pivotal 1084.50-1084.00 Support in place, the ES
rallied 13 points to the 1097-1098 Resistance zone shortly
after noon. Two small pullbacks from 1097.00 followed, but
the 1094.50 updated support held, setting up a bounce to
1099.50 just before 2pm. Things worked out very well for
our group 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 02/01/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 1 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 2/1/2010

The ES broke and held the 1074.50-075.25 initial resistance,
which was needed to get a rally going. The ES rallied to the
1084.00-1084.50 area about 40 minutes into the trading day,
and that area set up quick shorting opportunities... there
was a 5.75 point drop, a 5.00 point drop, a 4.50 point drop,
a 3.50 point drop and then a 2.25 point drop before finally
breaking out with 5 minutes left in stock trading.

The market is putting together the overdue oversold rally.
We'll see just what the market is made of soon. The
pullbacks made higher lows on the way up on Monday, and
after having so much trouble getting through that 1084.00-
1084.50 area, it was finally broken in the late trading.
That area should act as pretty good support now, if the
market is going to continue to be strong.

If that area is not held, then the 1081.00-1080.50 zone will
need to be quickly reversed if tested. That is Monday's last
hour low area, and is about as far as a pullback should go
before buyers get a bit scared and wait for lower prices
before getting involved. If that is the case, then a 2-sided
day or a flat out reversal will occur if the market spends
much time under the last hour lows from Friday. We would
need to see the market reverse after testing the 1076.00-
1075.25 area on the ES to get the 2-sided action.

On the upside, as long as the 1084.50-1084.00 area is held
on a pullback, the ES could rally back towards the 1097-1098
zone on this leg up. That would be a very important area if
it is reached. If the rally continues on Tuesday, and that
zone is tested and the move stalls out, or 1097-1098 is
rejected, then a reversal could set up a nice sized move on
the downside.

Look for early strength to set up a shorting opportunity
when the upside stalls/ reverses, especially if the ES
reverses from near the 1092.25-1093.25 zone. If that plays
out, then the initial support areas will need to hold on a
pullback to keep the upside intact. If that area is broken
after there has been early strength, then the trends will
have rolled over and the short side then should be the path
of least resistance.


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

1086.50
1088.50-1089.00
1092.25-1093.25
1097.50-1098.25

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

1084.50-1084.00
1081.00-1080.50 Key
1076.00-1075.25
1072.00-1071.25

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

1758.25
1763.25-1765.00
1770.50-1771.75
1786.50-1788.00

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

1756.00-1755.50
1751.50-1751.00 Key
1743.00-1741.50

March 2010 Dow futures resistance
symbols: emini = ymh0

10148
10154-10156
10187-10192
10228-10235

March 2010 Dow futures support
symbols: emini = ymh0

10135-10132
10105-10103 Key
10069-10063

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: 02/01/10

HOW OUR DAY WENT:

The ES broke and held the 1074.50-1075.25
initial resistance, which was needed to get a rally going.
The ES rallied to the 1084.00-1084.50 area, and that area
set up 4 quick shorting opportunities... a 5.00 point drop,
a 4.50 point drop, a 3.50 point drop and then a 2.25 point
drop before finally breaking out with 5 minutes left in
stock trading.

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 01/31/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 31 / 2010

(Published Since 1996)

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


Dateline: 5:46 pm eastern time, 1/31/2010

The ES rallied to the 1092.50-1093.00 resistance zone in the
first 30 minutes on Friday, and looking to short early
strength, that made a great reward/ risk entry. The move
stalled out and reversed and dropped 15+ points to 1077.75
by noon (we had updated support at 1078-1077). There was a
bounce off of that level, but it stopped right at the
1084.50-1085.00 updated resistance and fell 6.75 points to
1077.25 support and bounced... right to the 1081.50
resistance. So much for a double bottom, that support broke
on the 3rd try and a 14 point drop to 1067.50 followed. That
1068.00-1067.00 zone was at the last target/support for
Friday, and a decent bounce of 7.75 points on the ES
followed. However, that move was sold and the ES dropped
8.75 points to 1066.50, as only the closing bell could stop
the bleeding on Friday.

From the highs made on January 19th, the Dow lost 686
points, the ES lost 80.50 points, and the NQ lost 164
points. That is quite a move over just 8 trading days. The
volatility has been great, as there was at least 32 swings
of 4.00 or more points on the ES last week. The average
daily range for the ES over the last 8 days is 19.81 points.
This environment is emotionally charged up, so the
volatility should continue. The daily indicators went back
to extreme oversold condition, but lately that hasn't
mattered. A closing Trin around 3.00 is what's missing from
having a capitulation bottom.

Pretty soon the market should attempt to rally back, but it
likely will not hold. If the market can get over the initial
resistance areas and not quickly reverse, then the downside
momentum should be lessening and then the 1084.00-1084.50
area on the ES would be a key resistance. If the market can
get over that area and not fizzle, then a move back towards
the 1097-1098 area could be possible over a day or so.
However, if the initial resistance areas are not cleared and
held on a pullback, then the downside should continue as
bounces are still being sold. If the downside continues,
then the 1062.25-1060.50 zone could be in the cards. If the
market drops further, and cannot hold that area, then the
downside could gather momentum and head towards the 1043
area on the SP500 cash on this leg down.



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

1074.50-1075.25
1078.00-1078.50
1084.00-1084.50
1088.50-1089.00


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

1066.50-1065.75
1062.25-1060.50
1058.25-1057.50


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

1745.50-1746.50
1753.00-1754.00
1762.50-1763.25
1768.75-1770.00


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

1733.00-1731.75
1721.50-1719.75
1715.50-1714.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10060-10063
10076-10079
10127-10132
10154-10156


March 2010 Dow futures support
symbols: emini = ymh0

9996-9992
9947-9943
9921-9918

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: 01/29/10

HOW OUR DAY WENT:

The ES rallied to the 1092.50-1093.00
Resistance Zone in the first hour, and looking to short
early strength, that made a great reward/ risk entry. The
move stalled out and reversed and dropped 15+ points to
1077.75 by noon (we had updated Support at 1078-1077).
There was a bounce off of that level, but it stopped right
at the 1084.50-1085.00 updated resistance and fell 6.75
points to 1077.25 Support and bounced... right to the
1081.50 Resistance. So much for a double bottom, that
Support broke on the 3rd try and a 14 point drop to 1067.50
followed. That was at the last target / support for today,
the 1068.00-1067.00 zone, and a that gave a 7.75 point bounce
but the closing bell is all that could stop the bleeding on
Friday.

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 01/28/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 28 / 2010

(Published Since 1996)

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

Dateline: 6:06 pm eastern time, 1/28/2010

The ES opened higher then reversed from 1 tick over the
1096.75-1097.50 resistance, and it drop to the 1085.25-
1084.50 support zone and bounced. The updated resistance at
1090 was rejected and the move was trend down to 1074.25
before lunch-time trading. The break / hold over 1081 kept
the new uptrend intact to 1085.25. Old support turned
resistance, and the reversal set up a drop to 1078.50. The
rally from there took the ES to the 1088.50-1089.50 updated
resistance, reversing fast from 1088.75, and then dropped to
1078.25 in the final minutes of trading.

The market has been giving good moves in both directions,
and that should continue. The old 1082-1081 support area was
broken, yet the downside has not accelerated just yet.
Instead, the downside reverses and we end up with a good
rally. Then, per usual of late, the market gets stretched
too far and longs take profits while shorts jump on-board
and press the market lower.

Although the internal gauges are back into oversold
territory, it still isn't time to be aggressive on the long
side. The market has a reason to rally, but even if it does,
it would need to get through the Thursday highs and not
quickly reverse as has been the case. The market was sold
early on Thursday, bounced nicely, then dropped pretty hard
to end the day. So, a similar pattern could occur on Friday.

Look for early strength to set up a shorting opportunity as
soon as upside momentum stalls and the market begins to roll
over. That could set up nicely if there is an early pop that
reverses from just under or at the 1088.50-1089.00 zone on
the ES. If that plays out, then beware of a reversal back up
from either a test of the 1078.50-1078.00 zone, or the
1073.50-1073.00 area if no reversal occurs at the initial
support areas. If those areas are not held, then we could
see a drop into the 1060's before there is an oversold
bounce.

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

1083.50-1084.00
1088.50-1089.00
1092.50-1093.00
1097.50-1098.00


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

1078.50-1078.00
1073.50-1073.00
1068.00-1067.00


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

1780.00-1780.50
1786.00-1786.50
1795.75-1796.75
1804.00-1805.00


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

1769.00-1768.50
1760.00-1759.25
1752.00-1750.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10092-10096
10136-10139
10167-10172
10211-10214


March 2010 Dow futures support
symbols: emini = ymh0

10051-10045
10005-9999
9978-9972

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: 01/28/10

HOW OUR DAY WENT:

Yet *another* day where the market obeyed
support/ resistance. The ES opened higher then reversed from
1 tick over the 1096.75-1097.50 resistance, and it drop to
the 1085.25-1084.50 support zone and bounced. The updated
resistance at 1090 was rejected and the move was trend down
to 1074.25 before lunch-time trading. The break / hold over
1081 kept the new uptrend intact to 1085.25. Old support
turned resistance, and the reversal set up a drop to 1078.50.
The rally from there took the ES to the 1088.50-1089.50
updated resistance, reversing fast from 1088.75, setting
up a drop to 1078.75 in the final minutes of trading.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 01/27/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 27 / 2010

(Published Since 1996)

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


Dateline: 6:21 pm eastern time, 1/27/2010


The ES popped up to 1090.50 on Wednesday and stalled out,
just under the 1091.00-1091.75 initial resistance, allowing
a good reward/risk entry on the short side. The ES dropped
9.50 points to the 1081.00 support area before reversing. A
double bottom at the 1082-1081 support lead to a bounce to
1088.50, then after a wedge break we had a nice short near
1086.00 and the ES dropped to 1082.25. The group was told to
beware buying there, that 1084.00-1084.50 was good resist
and the pop reversed at 1084.50 before a drop to 1081.75
before the Fed. After the release we got the down-up-down
move, then from 1082.00 again the trend move reached the
1091.00-1091.75 resistance and backed off. The pullback held
at 1085.25 then rallied to the 1096.75-1097.50 resistance by
the close.

The market put together a pretty good rally of of the spike
low after the Fed release. The 1078.50 low was just over the
1077.50-1076.50 zone, and if that is reached again, and
reverses, then a tradable low could be put in place. The
1092.50-1092.00 area on the ES needs to hold, or quickly
reverse if broken, otherwise the 1085.25-1084.50 can be
tested. That should be pivotal if it's reached. A reversal
back up from that area keep the market out of trouble. If
broken, then a test of Wednesday lows that reverses sets up
a good reward/ risk opportunity on the long side.

The NQ will need to avoid pulling the market down on
Thursday, as it appears to be weak while the ES looks like
it can go a bit higher. The ES peaked at the 1096.75-1097.50
resistance area, so follow through strength will need to
avoid reversing early, otherwise there is one more decent
pullback coming. If a dip can hold at or above the 1092.50-
1092.00 area then the up-trends will remain intact, but
don't expect a trend up day. If the ES reaches the 1104.00-
1104.50 area, and the move stalls or that area is rejected,
then it could be a bounce high before the downside resumes.


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

1096.75-1097.50
1099.00-1100.00
1104.00-1104.50
1107.50-1108.00

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

1093.00-1092.50
1085.25-1084.50
1082.50-1081.75
1078.50-1077.50

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

1815.00-1816.00
1821.50-1823.00
1830.75-1831.75

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

1807.50-1807.00
1801.50-1800.25
1796.50-1795.50
1791.50-1790.50

March 2010 Dow futures resistance
symbols: emini = ymh0

10203-10209
10234-10236
10268-10273

March 2010 Dow futures support
symbols: emini = ymh0

10178-10175
10109-10105
10088-10085
10057-10052

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

REMINDER:

Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:

http://www.tradestalker.com/RBIchat.htm


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


Good Trading,
Mike Reed

Copyright (c) 2010 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: 01/27/10

HOW OUR DAY WENT:

The ES popped up to 1090.50 and stalled
out, just under the 1091.00-1091.75 initial resistance,
allowing a good reward/risk entry on the short side. The
ES dropped 9.50 points to the 1081.00 support area before
reversing. A double bottom at the 1082-1081 support lead to
a bounce to 1088.50, then after a wedge break we had a nice
short near 1086.00 and the ES dropped to 1082.25. The group
was told to beware buying there, that 1084.00-1084.50 was
good resist and the pop reversed at 1084.50 before a drop
to 1081.75 before the Fed. After the release we got the down-
up-down move, then from 1082.00 again the trend move reached
the 1091.00-1091.75 resistance and backed off. The pullback
held at 1085.25 then rallied to the 1096.75-1097.50
resistance by the close. Sorry this was long, there was 10
swings of 4 points or more today....

See the Intraday Updates and the how we traded the market
today. That is *all* on our Instant Messenger Log here:
http://www.tradestalker.com/log.htm

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 01/26/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 26 / 2010

(Published Since 1996)

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


Dateline: 6:01 pm eastern time, 1/26/2010

The ES opened at the 1087.00-1086.25 support and then
bounced to the 1091.75 closing range from Monday. A drop
back to 1086.50 was reversed, and with a double bottom in
place at support it set up a trade on the long side and the
ES rallied 9.50 points to the 1095.50 reversal area. Then
from 1096.00 the ES dropped 4.75 points to 1091.25 and
turned back up. The 1095.50 level was exceeded, then held at
that level on a dip, which set up a trade on the long side.
The upside got going and the ES reached 1100.00. After a
dip, the ES made a double top/ 123 top from 1100.00 and we
jumped on the short side. A 4+ point drop to 1094.75
followed. Updated resistance at 1096.75-1097.75 was tested,
and from 1097.50 the ES rolled over at 3pm and dropped 12
points to 1085.50 in the last 10 minutes of futures trading
as another rally failed on Tuesday.

On Wednesday we get the Fed policy decision for interest
rates at 2:15pm. The volatility has been fantastic, and that
should continue. The ES now has 3 bottoms at the 1086.50-
1085.50 area. Normally a 4th try will break through. If that
occurs, then we will have a good chance of reaching the
1082.00-1081.00 major support area, which was reached on
Tuesday before stocks opened. If the market gets down there,
and can turn back up and rally strongly then a low can be
put in place for a decent move back up. If that area is not
held, then the market could be in the midst of more than a
correction.

On Wednesday look for an early bounce if the initial support
is not broken, but the early strength should be sold and
especially if the 1096.75-1097.50 area on the ES is
rejected. If the ES drops to the 1082-1081 area and can
reverse and then get back over the 1086 level, then a short
term low could be in place. If the market sells off, and can
not get back over the 1086 area, then lower prices should be
in the cards.


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

1091.00-1091.75
1096.75-1097.50
1099.00-1100.00
1104.00-1104.50

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

1086.00-1085.50
1082.00-1081.00
1077.50-1076.50

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

1805.75-1806.50
1815.00-1816.00
1823.50-1824.00
1830.75-1831.75

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

1796.50-1796.00
1790.50-1789.50
1783.50-1782.50

March 2010 Dow futures resistance
symbols: emini = ymh0

10164-10168
10209-10214
10234-10236
10268-10273

March 2010 Dow futures support
symbols: emini = ymh0

10129-10126
10094-10069
10038-10032


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

REMINDER:

Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:

http://www.tradestalker.com/RBIchat.htm


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


Good Trading,
Mike Reed

Copyright (c) 2010 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.
*************************************************