TradeStalker's RBI Update 03/30/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 30 / 2010

(Published Since 1996)

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

Dateline: 6:36 pm eastern time, 3/30/2010

It looked like the market could make a run up to test the
recent highs early on Tuesday, and the averages all rallied
to within a few points of those highs in the first half
hour. Then the move stalled, reversed, and sold off 9.50
points on the ES and 19.75 points on the NQ. The 1164.25 low
was just over the 1163.75-1163.00 **key support and kept the
market from falling apart. The market managed to work its
way back towards the highs, then pulled back into the close.

The market is still spinning its wheels up at these levels,
but the ES so far has refused to stay over the 1170 level
for very long. At this juncture, with the upside looking
like it is very limited, the focus will be on selling the
bounces that are showing rejection, like the 1171.00 level
late on Tuesday. Then, if the market obliges and pulls back,
take partial profits and trail a stop on the rest as the
market can come under pressure at any time now. If the
market shows signs of turning back up from near the 10880
area on the Dow cash, then no harm is done. However, if that
level on the Dow and the 1166 area on the ES is tested/
broken and not quickly reversed, then it's more than a
pullback and the downside could finally begin to unwind.


June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1171.00-1171.50
1173.25-1173.75
1176.50-1177.00
1181.50-1182.50

June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1168.50
1166.00
1163.75-1163.00
1159.50-1157.75
1156.50-1155.75
1148.50-1147.75


June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1967.50-1968.00
1971.50-1972.50
1976.75-1977.25

June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1963.75
1958.00
1952.25-1950.75
1944.25-1942.50
1939.25-1938.50

June 2010 Dow futures resistance
symbols: emini = ymm0

10862-10865
10875-10879
10889-10894

June 2010 Dow futures support
symbols: emini = ymm0

10846
10819
10801-10798
10771-10766
10753-10747

CLICK HERE FOR FREE TRADING 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 ($ES_F). 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.
*************************************************

TradeStalker's RBI Update 03/29/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 29 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 3/29/2010

The market opened higher on Monday and after reaching
1169.75 just over 20 minutes into the day, the market pulled
back. The ES held at 1165.75 and reversed back up after an
hour of trading and the ES rallied to the 1170.75-1171.50
key resistance zone. The ES reached 1171.00 and quickly
backed off 4.25 points to 1166.75. From there, the market
did very little but did manage to chop its way back towards
the highs before the close.

On Tuesday we get the Case-Shiller housing index before the
open and then the Consumer Confidence number 30 minutes into
the trading day. The SP futures had just a 5.75 point range
on Monday. The market sure acted top heavy as the bounces
couldn't stick, but the 10880 area on the Dow Cass along
with the 1166.75-1166.25 zone on the ES held 3 times on
Monday. To turn things down, the market would need to break
those areas and then see them turn into resistance on a
bounce.

As it stands right now, as long as those areas are not
broken, the market has a chance to rally towards the
1176.00-1176.50 zone and potentially make a double top up
there. However, if the initial resistance is not broken and
held, or the initial support is broken, then this bounce
could be the end of a 1-2-3 type of top on the daily chart
and a good sized drop is just beginning.

June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1170.75-1171.50 **key
1176.00-1176.50
1181.50-1182.50


June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1166.75-1166.25
1163.75-1163.00 **key
1159.50-1157.75
1156.50-1155.75
1148.50-1147.75


June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1965.50-1966.50 **key
1972.75-1974.25


June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1954.50-1954.00
1950.25-1948.75 **key
1944.25-1942.50
1939.25-1938.50


June 2010 Dow futures resistance
symbols: emini = ymm0

10858-10862 **key
10889-10894


June 2010 Dow futures support
symbols: emini = ymm0

10822-10818
10801-10798 **key
10771-10766
10753-10747


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

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: 03/29/10

HOW OUR DAY WENT:

We had a higher open over the initial resistance but the move up stalled/ reversed 23minutes into the trading day and the ES dropped 4 points. A bounce then reached 1171.00, right at the 1170.75-1171.50 **key** resistance, and it was rejected and the ES dropped 4.25 points to 1166.75 before turning very choppy. Not bad for
a day with just a 5.75 point range.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 03/28/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 28 / 2010

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 3/28/2010


The market rallied early on Friday but after just missing
good resistance on the ES and the NQ by half of a point, the
market backed off. A bounce attempt was sold and the ES
dropped 13+ points to 1156.50 by noon. The ES bounced back
to just over the updated resistance and promptly pulled
back. The ES didn't want to stay under 1160.00 however, and
the market basically churned into the close.

The market didn't act so well at the end of last week.
However, it looks like it might have a chance to bounce back
a bit more as long as the initial support areas are not
broken on Monday. The market is looking very top heavy and
the bounces have not been able to stick. However, the Vix
did give 1 buy signal on Friday and the 1160 area was
defended late in the day so a bit more upside should be in
the cards. If we see that action on Monday, beware that when
the move fizzles out it should set up a better odds shorting
opportunity.

So look for some early strength if the initial support is
held, and then if there is a rally up towards the 1167.00-
1167.75 and the move stalls / reverses or shows rejection of
that zone, then a pullback / selloff should occur. If the
initial support areas are not defended, then the 1156.50-
1155.75 zone would need to be quickly reversed, otherwise
there may be a test/ break of last week's low at the
1148.50-1147.75 zone. That would be around the 1150 level on
the SP500 cash, and that area needs to be held, otherwise
the market could be in more trouble than many believe.

June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1167.00-1167.75
1170.75-1171.50 **key
1176.00-1176.50


June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1160.00-1159.50
1156.50-1155.75
1152.00-1151.50
1148.50-1147.75 **major


June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1955.50-1956.00
1963.50-1964.00 **key
1972.75-1974.25


June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1945.00-1944.25
1939.25-1938.50
1934.25-1933.50
1924.25-1922.25 **major


June 2010 Dow futures resistance
symbols: emini = ymm0

10830-10835
10858-10862 **key
10889-10894


June 2010 Dow futures support
symbols: emini = ymm0

10775-10771
10757-10753
10697-10694
10638-10633 **major


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

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: 03/26/10

HOW OUR DAY WENT:

The market dynamics changed mid week,
and we caught some nice trades. Friday morning the ES was
just under a key resistance while the NQ rejected its
key area, so we got short just before the 13+ point drop
to 1156.50. That was just over the 1155.75-1155.00 support,
and we covered shorts near 1158.50 on the way down.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 03/25/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 25 / 2010

(Published Since 1996)

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


Dateline: 6:20 pm eastern time, 3/25/2010

We were shorting early strength, and then reversing and
getting long when the first pullback reversed. The gap up
open was sold as the ES dropped 5 points to 1167.50 before
turning up. That old resistance turned into support, and set
up a trend-up move to 1176.50 by early afternoon. The alert
to short under 1176 or a break of 1173 worked nicely. A 1-2-
3 top was made off of 1176.00 and then the market broke
lower. A bounce reversed at 171, just under new resistance,
and then went into a trend-down move of 16.25 points as the
1162-1161 area was broken just before stocks closed.

Thursday started with a gap up open, and then after the
contra open move down was over, the move up was feeding upon
itself in a melt-up type move. The failure at the 1176.50
new high on the ES and subsequent 16.25 point plunge into
the close puts the market in a position to make a bigger
break if the right pattern plays out.

As stated earlier in the week, the intermediate term
internal gauges are rolling over. The Wednesday and Thursday
pullbacks had something that was lacking on the upside - an
increase in volume. Should the market turn up from the
initial support areas early on Friday and struggle back
towards the 1171.00-1171.50 area on the ES and/or the
1963.50-1964.00 area on the NQ, and the move
stalls/reverses, then another drop similar to or bigger than
the Thursday drop could be underway.

On Friday look for early weakness that can reverse from the
1159.25-1158.50 area to give a bounce, but that first decent
bounce should set up a better shorting opportunity. Unless
the 1171.00-1171.50 area on the ES is exceeded, and not
quickly reversed, the market is vulnerable. If the market
gets hit hard and the selloff goes as far as the 1148.50-
1147.75 zone on the ES and not bounce strongly, then we have
more trouble ahead.


June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1165.00-1165.75
1171.00-1171.50 **key
1176.00-1176.50

June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1159.25-1158.50
1155.75-1155.00
1152.00-1151.50
1148.50-1147.75 **major

June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1952.50-1953.00
1963.50-1964.00 **key
1972.75-1974.25

June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1945.25-1144.50
1941.00-1940.50
1934.25-1933.50
1924.25-1922.25 **major

June 2010 Dow futures resistance
symbols: emini = ymm0

10831-10834
10858-10862
10889-10894

June 2010 Dow futures support
symbols: emini = ymm0

10772-10767
10728-10723
10697-10694
10638-10633

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

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: 03/25/10

HOW OUR DAY WENT:

We were shorting early strength, and then
reversing and getting long when the first pullback reversed.
The gap up open was sold as the ES dropped 5 points to 1167.50
before turning up. That old resistance turned into support,
and set up a trend-up move to 1176.50 by early afternoon. The
alert to short under 1176 or a break of 1173 worked nicely. A
1-2-3 top was made off of 1176.00 and then the market broke
lower. A bounce reversed at 171, just under new resistance,
and then went into a trend-down move of 16.25 points as the
1162-1161 area was broken just before stocks closed.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 03/24/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 24 / 2010

(Published Since 1996)

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


Dateline: 6:36 pm eastern time, 3/24/2010


A lower open on Wednesday held and turned up from the
1164.00 support level on the ES, and then bounced back to
1168.75 before fizzling out. That was initial trend support
and it turned into resistance as the ES dropped to 1161.25
pretty fast. The market then moved higher, forming a rising
wedge on the way to 1167.50. That was broken and caused a
drop back to test the lows. The ES turned up from a 1161.00
low and then the market turned very choppy but ended the day
in down-trends for a change.

The market spent the day spinning its wheels after tagging
the 1170 level on the ES on Tuesday. The bounces were unable
to stick, but still the market refused to cave in and the ES
even stayed over the Tuesday low.

It appears that more than just a little pullback could be
underway for another day or so. The ES had an "inside day"
on Wednesday and that *should* be resolved by some more
downside action, and then we'll see if the market has enough
gas in the tank for yet another run-up. For now it looks
like the market is vulnerable unless the 1166.50-1167.25
zone on the ES is exceeded, and not quickly reversed. The
market won't get back up there if it is weak.

On Thursday we get Initial Claims before the open. If there
is early strength, look for a reversal from initial
resistance to be sold. If that sets up, and the ES drops
through the initial support to the 1159.00-1158.50 area,
that needs to be quickly reversed. If it is, beware that a
bounce back towards the 1166.25-1167.25 zone will likely be
sold.

June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1166.50-1167.25
1170.50-1171.00
1173.75-1174.25
1177.75-1178.50


June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1162.00-1161.00
1159.00-1158.50
1155.75-1155.00
1148.50-1147.75


June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1952.75-1954.00
1956.00-1957.00
1962.00-1963.00
1969.00-1970.00


June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1947.00-1946.00
1941.00-1940.50
1936.00-1934.50
1920.00-1919.00


June 2010 Dow futures resistance
symbols: emini = ymm0

10799-10802
10826-10830
10848-10852
10887-10891


June 2010 Dow futures support
symbols: emini = ymm0

10762-10757
10728-10725
10682-10675
10634-10631


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

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: 03/24/10

HOW OUR DAY WENT:

The ES opened lower and then bounced from
the 1164.00 support level and rallied 4.75 points to 1168.75
and the move stalled and reversed. After the ES made a wedge
pattern I sent an I.M. warning of a break, and the ES dropped
from 1167.25 to 1161.00 before turning back up.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 03/23/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 23 / 2010

(Published Since 1996)

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


Dateline: 7:36 pm eastern time, 3/23/2010


The market opened higher on Tuesday and the ES reversed
lower from 1164.00 and dropped to 1159.50 in the first 30
minutes. A quick reversal gave a bounce back to the 1165.00
resistance, and it was rejected. The ES dropped 6 points to
1159.00, right at the 1159.25-1158.50 support, and quickly
reversed again. A narrow range was broken on the upside in
the last hour and the market raced to make new highs across
the board by the close.

The market has good momentum and this move could last a bit
longer. If that occurs with advances minus declining issues
on the NYSE not stronger than 2:1 positive, the upside will
be suspect. With the market at these levels, the next decent
trade should come on the short side if there is early
strength that reverses in the first 20-40 minutes on
Wednesday. However, as long as the ES holds at the 1165.25-
1164.00 zone no damage is done.

So look for a shorting opportunity if there is early
strength that reverses on Wednesday. Then, if the first
decent pullback can hold the 1168.50-1168.00 zone on the ES,
a good uptrend will remain intact. If that area is broken,
then the 1165.25-1164.00 area is as far as a pullback should
go. If that area breaks, then things will be changing short
term. On the upside, if the melt-up continues towards the
1177.75-1178.50 and stalls out/ reverses, then that could
set up a decent pullback to trade.


June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1170.50-1171.00
1173.75-1174.25
1177.75-1178.50

June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1168.50-1168.00
1165.25-1164.00
1164.00
1162.50-1161.75

June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1962.00-1963.00
1969.00-1970.00
1974.75-1976.00

June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1956.50-1956.00
1953.25-1952.50
1951.50
1948.00-1947.50

June 2010 Dow futures resistance
symbols: emini = ymm0

10830-10835
10848-10852
10887-10891

June 2010 Dow futures support
symbols: emini = ymm0

10818-10815
10786-10783
10758
10728-10725

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

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

TradeStalker's RBI Update 03/22/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 22 / 2010

(Published Since 1996)

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


Dateline: 6:36 pm eastern time, 3/22/2010


The ES opened down 8.00 points on Monday and then instantly
reversed and held over the 1149.00-1148.50 key area. That
triggered more buying and the ES rallied 12.50 points to
1160.25. Updated support at 1158.00-1157.50 held on a dip
and then the ES basically went trend up to 1162.50 - the
middle of the 1162.00-1163.00 resistance zone. New support
was given at 1160.00-1159.25, and that 1159.25 level was
touched and then we got another push up to 1163.25 before
the market backed off a bit. The dip held at 1161.00 and a
test of the 1163.25 high followed. That was just 1 tick over
resistance, and a with a double top there with 30 minutes
left in stock trading, it started a drop to 1160.50 at the
4pm close for stocks.

Monday's action was bullish, showing that the market should
still be able to hang in there on the pullbacks for awhile
longer. If this is going into a trading range, or breaking
out of a small one, then the Monday lows will need to hold,
and should hold, or else the market is in for a bigger
pullback.

The market is at a decision point it appears. The short term
internal gauges are still in neutral territory, but the
intermediate term breadth and volume oscillators are close
to turning down for the first time in months. The sentiment
is overly bullish and at spots where other tops have
occurred.

On Tuesday the initial support will need to hold to keep the
upside intact. If the 1161.00-1160.25 area is held, then the
ES will need to break out over the 1162.50-1163.25 zone and
not quickly reversed to avoid potential trouble on Tuesday.
If there is a pop up open over that area, and it then holds
over 1161.00-1160.25 on a pullback, a decent move higher
could occur. If the 1165 area is not rejected again, then we
could run up to the 1168.00-1168.50 zone. It is still
doubtful that a move into new high territory will stick for
very long, however.

On the other side of the coin, if the market can not follow
through on the Monday rally, and the 1161.00-1160.25 area is
broken and not quickly reversed, then pressure will be on
the market and a drop to the 1155.75-1155.00 area would be
likely. A bounce from that area would keep the market from a
decent sized drop. A test of that area that is not quickly
reversed means the market is in for more downside, with the
1148.50-1147.75 key area possibly getting tested again.


June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1162.50-1163.25
1165.25-1165.50
1168.00-1168.50

June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1161.00-1160.25
1159.25-1158.50
1155.75-1155.00
1148.50-1147.75

June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1953.50-1954.25
1957.50-1958.00
1962.50-1963.50

June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1946.00-1945.25
1942.50-1942.00
1936.00-1934.50
1920.00-1919.00

June 2010 Dow futures resistance
symbols: emini = ymm0

10746-10750
10770-10774
10799-10804

June 2010 Dow futures support
symbols: emini = ymm0

10719-10716
10704-10701
10682-10675
10634-10631


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

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: 03/22/10

HOW OUR DAY WENT:

The ES opened down 8.00 points on Monday
and then instantly reversed and held over the 1149.00-1148.50
key area. That triggered more buying and the ES rallied 12.50
points to 1160.25. Updated support at 1158.00-1157.50 held on
a dip and then the ES basically went trend up to 1162.50 - the
middle of the 1162.00-1163.00 resistance zone. New support was
given at 1160.00-1159.25, and that 1159.25 level was touched
and then we got another push up to 1163.25 before the market
backed off a bit. The dip held at 1161.00 and a test of the
1163.25 high followed. That was just 1 tick over resistance,
and a with a double top there with 30 minutes left in stock
trading, it started a drop to 1160.50 at the 4pm close for
stocks.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 03/21/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 21 / 2010

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 3/21/2010


Last Thursday night I stated "if there is early strength it
would be a gift for an entry on the short side." The ES
gapped up on Friday's open, then reversed from 1165.00
(right at the 1165.25-1165.50 zone) and immediately headed
lower. That gap open at resistance was a great reward/ risk
entry on the short side, and then after breaking the key
1158.00-1157.50 support, that area turned into resistance on
a bounce. From there it was a trend down move as the ES
reached 1152.00 around 11:15 am. The market quieted down in
thin trading, with the ES bouncing between 1152.50 and
1156.00 going into the last hour. A drop to new lows for the
day occurred in the last hour, and once again the market was
able to spring right back up to close in an uptrend.

With less than 25 minutes left in stock trading on Friday,
the market was on the verge of ending on a bearish note.
However, either quarterly expiration imbalance or a lot
looking at last Tuesday's Fed release low area as a buy zone
stopped the drop and started a run from 1150.25 up to
1156.75 by the close. We'll see if that is sustainable early
in the week. All of the short term gauges are in neutral
ground now. The Vix reversed and closed higher on the day,
but not over the 17.23 level that looks important there. It
did, however, give 3 of a possible 5 different sell signals
at Friday's close.

It looks like the market could go range bound, though the
upside will likely have a hard time holding on to its gains.
If there is early strength on Monday, it should set up a
shorting opportunity as soon as the upside stalls out and
begins to reverse. A pop that reverses from the 1157.25-
1158.25 area means the market is still weak and the initial
support, at least, will be tested. If the Friday lows are
retested and can hold, then another decent bounce can occur.
However, if the 1149.00-1148.50 area is broken and the
market doesn't make a fast U-Turn similar to late Friday
then the downside could gather a bit of steam.

June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1157.25-1158.25
1162.00-1163.00
1165.25-1165.50
1168.00-1168.50


June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1154.00-1153.50
1150.25
1149.00-1148.50 **major
1145.50-1145.00


June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1934.50-1935.50
1939.50-1940.25
1947.50-1948.00
1951.50-1952.50


June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1927.50-1927.00
1922.25
1917.00-1916.00 **major
1912.50-1912.00


June 2010 Dow futures resistance
symbols: emini = ymm0

10696-10702
10722-10727
10753-10757
10780-10784


June 2010 Dow futures support
symbols: emini = ymm0

10662-10658
10632
10624-10619 **major
10581-10578


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

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: 03/19/10

HOW OUR DAY WENT:

Last might members were told "if there is
early strength it would be a gift for an entry on the short
side." The ES gapped up on the open, then reversed from 1165.00
(right at the 1165.25-1165.50 zone) and headed lower. That gap
open at resistance was a great reward/ risk entry on the short
side, and then after breaking the key 1158.00-1157.50 support,
that turned into resistance on a bounce. From there it was
trend down as the ES reached 1152.00 around 11:15am. That was
just 2 ticks over the 1151.50-1151.00 support. We had a very
good morning and called it a day.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 03/18/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 18 / 2010

(Published Since 1996)

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


Dateline: 7:09 pm eastern time, 3/18/2010


The ES bounced to 1163.25 and that was rejected 30 minutes
into the day. We had resistance at the 1162.00-1163.00 zone
and it set up a good short. The ES fell to 1158.75 before a
bounce. That failed at 1162.25 resistance, and then the ES
fell pretty fast to 1156.25. That was just 2 ticks over the
1155.75-1155.00 support zone, and then the ES ended up
making a 1-2-3 bottom that led to a bounce back up to
1161.50. That area was sold again, and a drop to 1158.25
followed. With an hour left in stock trading the market
turned up and the ES rallied back to 1162.00 at the close.

Both the ES and NQ bounced back to the areas from where the
Wednesday afternoon breakdown kicked into gear. With the
upside thinning out, and now the futures potentially making
a lower high at a resistance zone, it could set up a bigger
picture 1-2-3 type of top. The angle of this up move, along
with poor underlying technicals, is a setup that could lead
to a sizable move lower.

We don't have any economic data coming out on Friday. So, if
there is early strength it would be a gift for an entry on
the short side. If the first drop doesn't hold over the
initial support areas, then a test/break of the 1158.50-
1158.00 area on the ES would need to hold, otherwise the
downside could gather some steam.

NOTE: On Friday there will be no intraday updates after
12:15 pm eastern time.

June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1162.50-1163.25 **key
1165.25-1165.50
1168.00-1168.50


June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1158.50-1158.00
1156.25-1155.75
1151.50-1151.00
1149.00-1148.50 **major


June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1942.75-1943.50 **key
1946.75-1947.50
1950.50-1951.50


June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1936.50-1935.75
1932.25-1931.50
1925.00-1924.50
1921.00-1920.25 **major


June 2010 Dow futures resistance
symbols: emini = ymm0

10719-10724 **key
10743-10747
10768-10772


June 2010 Dow futures support
symbols: emini = ymm0

10694-10690
10666-10662
10612-10608
10581-10578 **major


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

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: 03/18/10

HOW OUR DAY WENT:

The ES bounced to 1163.25 and that was
rejected 30 minutes into the day. We had resistance at the
1162.00-1163.00 zone and it set up a good short. The ES fell
to 1158.75 before a bounce. That failed at 1162.25 resistance,
and then the ES fell pretty fast to 1156.25. That was just 2
ticks over the 1155.75-1155.00 support zone, and then the ES
ended up making a 123 bottom that lead to a bounce back up to
1161.50. That area was sold again, and a drop to 1158.25
followed. With an hour left in stock trading the market
turned up and the ES rallied back to 1162.00 at the close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 03/17/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 17 / 2010

(Published Since 1996)

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


Dateline: 6:26 pm eastern time, 3/17/2010


The market gapped up on Wednesday and rallied for 30 minutes
to 1161.50, just under 1162 resistance, and then a drop to
1158.75 followed. That was over updated support and the
market went into trend-up mode. Then, around 1:35 pm a
parabolic move to 1165.50 reversed, and after a 2 point dip
the 1165.25 was tested. The reversal from that lower high
triggered a 1-2-3 top entry at 1164.25 and the ES dropped
another 8.50 points to 1157.75 with just over 30 minutes
left. That was 1 tick over the early low, and a bounce back
to 1162.00 resistance was tested at the 4 pm close for
stocks.

The afternoon reversal looks like it should be the start of
a decent sized selloff short term. The market averages do
not like the thin air up above, and if there is any early
strength on Wednesday it will set up a shorting opportunity.
The highs on Wednesday were made on parabolic run-ups, and
those chasing the long side will be eager to get out if
there is further strength. The daily indicators show across
the board divergences short term, and the Vix gapped down to
a new multi-year low on Wednesday. If that is reversed on
Thursday, and gets back over 17.23, then it's a red flag for
more downside.

On the downside, the Wednesday afternoon lows are the first
key support areas. If the market is going to avoid a pretty
sharp drop, a test of the initial support must be quickly
reversed. If those are not held, or quickly reversed, then
we could see a drop to test the 1149.00-1148.50 zone from
Tuesday. That is now a major support area, and will need to
be defended if the market is just having a healthy pullback.
Lately the drops have been quick to reverse, so if those
areas are tested, and not reversed, then the market is under
the weight of an internally poor underbelly and a sizable
selloff is underway.

We've started a Facebook page for trading questions,
answers, and discussions. Everyone is welcome, both "real
time" and trial subscribers, your trading friends, everyone!
"Become a Fan" today!

http://www.facebook.tradestalker.com

June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1162.00-1163.00
1165.25-1165.50 **strong
1168.00-1168.50


June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1158.00-1157.50 **key
1155.75-1155.00 **gap
1151.50-1151.00
1149.00-1148.50 **major
1145.50-1145.00


June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1935.00-1936.00
1942.75-1943.75 **strong
1947.50-1948.50


June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1929.25-1928.75 **key
1925.00-1924.50 **gap
1921.00-1920.25
1917.00-1916.00 **major
1912.50-1912.00


June 2010 Dow futures resistance
symbols: emini = ymm0

10673-10678
10703-10707 **strong
10727-10734


June 2010 Dow futures support
symbols: emini = ymm0

10647-10642 **key
10632-10627 **gap
10612-10608
10581-10578 **major
10559-10554


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

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: 03/17/10

HOW OUR DAY WENT:

The market gapped up on Wednesday and
rallied for 30 minutes to 1161.50, just under 1162 resistance,
and then a drop to 1158.75 followed. We were looking to sell
early strength when it was reversed. That pullback was over
updated support and the market went into trend-up mode. Then,
around 1:35pm a parabolic move to 1165.50 reversed, and after
a 2 point dip the 1165.25 was tested. The reversal from that
lower high triggered a 123 top entry at 1164.25 and the ES
dropped another 8.50 points to 1157.75 with just over 30
minutes left. That was 1 tick over the early low and a bounce
back to 1162.00 resistance was tested at the 4pm close for
stocks.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 03/16/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 16 / 2010

(Published Since 1996)

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


Dateline: 6:02 pm eastern time, 3/16/2010


The market gapped up on Tuesday and that early strength was
sold as the ES dropped from 1149.00 to 1145.50 before
turning back up. The bounce was a grind up to a 1153.00
high, and then the market pulled back into the Fed release.
After the release a quick run up was reversed from just
under the 1154.25-1154.75 zone, and a quick drop to the
1149.00-1148.50 support zone was reversed. The rally back
was a choppy trend up move into the final minutes of
trading.

The SP500 cash broke and held 1150 on Tuesday, and now as
long as the 1149.00-1148.50 zone on the ES holds on a
pullback, no damage is done. From up here, the easiest trade
would be to sell into early strength on Wednesday as soon as
any upside stalls/reverses. The move was a bit parabolic on
Tuesday, and a pullback should occur before the market can
move higher. If the market is going to avoid trouble, then a
drop should be reversed from 1151.50-1151.00 or higher on
the ES. If that zone is not defended, then the 1149.00-
1148.50 could be sliced through. If that occurs, then the
break-out will have been a fake-out and a decent sized
correction could begin.


June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1155.50-1156.00
1158.50-1159.00
1162.00-1163.00

June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1151.50-1151.00
1149.00-1148.50 **key short term
1145.50-1145.00
1141.00-1140.50

June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1931.50-1932.50
1935.25-1936.00
1939.75-1940.50

June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1925.00-1924.00
1921.00-1920.25 **key short term
1917.00-1916.00
1909.75-1908.50

June 2010 Dow futures resistance
symbols: emini = ymm0

10630-10635
10657-10661
10682-10687

June 2010 Dow futures support
symbols: emini = ymm0

10612-10608
10581-10578 **key short term
10559-10554
10545-10542

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

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: 03/16/10

HOW OUR DAY WENT:

The market gapped up on Tuesday and that
early strength was sold per last night's update as the ES
dropped from 1149.00 to 1145.50 before turning back up. The
bounce was a grind up to a 1153.00 high, and then the market
pulled back into the Fed release. After the release a quick
run up was reversed from just under the 1154.25-1154.75 zone,
and a quick drop to the 1149.00-1148.50 support zone was
reversed. The rally back was a choppy trend up move into the
final minutes of trading.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 03/15/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 15 / 2010

(Published Since 1996)

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

Dateline: 6:58 pm eastern time, 3/15/2010

The early action was almost according to script from last
night's update. The key 1142 level on the ES was barely
broken (by 1 tick) shortly after stocks opened, then it
popped up to 1145.50 before a sharp reversal. That was just
over the 1145 area, and I felt the move would reverse from
under 1145, so that was an official miss by half of a point.
In any case, after a drop to 1136.50, the market got footing
and 1139 turned pivotal. The break/ hold was over that level
was bullish but the bounce failed at 1140.75. The pullback
off of that level reversed back up from 1138.25 with 90
minutes left, and by breaking and then holding at 1143.50
level, it gave us that "long shot" run-up to 1146.50-1147.00
resistance by the close.

This market is amazingly resilient. Again, with the market
on verge of a break-down, strong buying / short covering
came in late Monday and lifted the SP500 and Dow cash
indexes back into the plus column. For the most part, the
short term internal gauges are now in neutral territory, but
not confirming the new cycle high close on Monday.

On Tuesday we get the Fed decision on interest rate policy
at 2:15pm eastern time. If the market opens higher, it
should set up a good shorting opportunity for a pullback
towards the initial support areas. Those area should be held
if the trends are going to point higher. If those are not
held, then a drop to the 1138.50-1138.00 area on the ES
would be a key support area, and would need to be quickly
turned back up to avoid trouble.

On the other side of the coin, if the market opens lower on
Tuesday, that move would need to be reversed in the first 30
minutes or so if the market is going to avoid trouble. If
that occurs and the ES can get over the initial resistance
areas on the rebound, then a test of the 1149.75-1150.50
area could be in the cards. If there is another reversal
back down from that area, it could be the start of a sizable
correction.

Finally, if there is a trend-up or trend-down move into
around 2pm on Fed day, then expect that move to be reversed.
In addition, whether we get that pre-release action or not,
after the release there usually is a down-up-down (or vise
versa) move that occurs in the first 20 minutes or so after
the release. After that is over, then the market should find
a direction and go with that into the last 15 minutes or so.

June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1146.50-1147.00
1149.75-1150.50
1154.25-1154.75

1158.50-1159.00

June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1143.25-1143.00
1141.00-1140.50
1138.50-1138.00
1136.50
1134.50-1134.00

June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1918.50-1919.50
1923.50-1924.25
1927.50-1928.25
1934.75-1935.25

June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1915.00-1914.25
1909.75-1908.50
1904.75-1903.75
1900.50
1898.00-1897.00

June 2010 Dow futures resistance
symbols: emini = ymm0

10583-10588
10607-10612
10643-10647
10680-10685

June 2010 Dow futures support
symbols: emini = ymm0

10563-10560
10545-10542
10524-10519
10508
10492-10488

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 ($ES_F). 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: 03/15/10

HOW OUR DAY WENT:

The early action was almost according to
script from last night's update. The key 1142 level on the
ES was barely broken (by 1 tick) shortly after stocks opened,
then it popped up to 1145.50 before a sharp reversal. That
was just over the 1145 area, and I felt the move would
reverse from under 1145, so that was an official miss by half
of a point. In any case, after a drop to 1136.50, the market
got footing and 1139 turned pivotal. The break/ hold was over
that level was bullish but the bounce failed at 1140.75. The
pullback off of that level reversed back up with 90 minutes
left, and by breaking and then holding at 1143.50 level, it
gave us that "long shot" run-up to 1146.50-1147.00
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 ($ES_F). 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 03/14/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 14 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 3/14/2010

The market gapped up on Friday and the ES reversed from
1150.25 (1149.50-1151.00 zone was key resistance) and
dropped 8.25 points to 1142.00 (the 1142.50-1142.00 zone was
key support) about 40 minutes into the trading day. After
turning up from 1142.00, new resistance was given at the
1146.00-1146.50 area. In a narrow range we had a pullback
from 1146.50 to 1143.00, and after a bounce back to 1146.50
there was another pullback to 1142.50. With that area
turning into strong support, the ES turned back up with 30
minutes left and rallied back to 1147.00 by the close.

The market has been able to bounce back after every selloff
for 2 weeks now. On Friday, the SP500 cash and futures
gapped up into new high territory for the year and instantly
turned down. The resistance at the 1154 area on the SP500
cash was rejected. Still, the key support at the 1142.50-
1142.00 area refused to break in the morning, and also at
the end of the day. The trend doesn't break unless the ES
breaks that 1142.50-1142.00 area and then cannot get back
over 1145.00 on a bounce.

On Monday look for early strength to set up a shorting
opportunity as soon as the move stalls/ reverses. That
should occur within the first 40 minutes of trading at the
latest. If that plays out, the 1142.50-1142.00 area will
hold and set up a buying opportunity if the market is still
strong. If that is broken, and a bounce cannot get back over
1145, then the market could gather downside momentum.

June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1146.50-1147.00
1149.75-1150.50
Equivalent to the 1154 area on SP500 Cash
1154.25-1154.75
1158.50-1159.00 [if melt-up]


June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1142.50-1142.00
1138.50-1135.00
1134.50-1134.00
1131.50-1130.75
1129.25-1128.50


June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1924.50-1925.50
1927.50-1928.25
1934.75-1935.25
1942.50-1944.00 [if melt-up]


June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1918.75-1918.00
1913.75-1912.75
1907.00-1906.00
1903.75-1903.00
1898.50-1897.50


June 2010 Dow futures resistance
symbols: emini = ymm0

10574-10578
10585-10589
10620-10625
10643-10648 [if melt-up]


June 2010 Dow futures support
symbols: emini = ymm0

10539-10533
10498-10494
10447-10443
10422-10418
10402-10397

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 ($ES_F). 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: 03/12/10

HOW OUR DAY WENT:

The market gapped up and the ES reversed
from 1150.25 (1149.50-1151.00 zone was key resistance) and
dropped 8.25 points to 1142.00 (the 1142.50-1142.00 zone
was key support) about 40 minutes into the trading day.
That was a good way to start the day. After turning up from
1142.00, new resistance was given at the 1146.00-1146.50
area. In a narrow range we had a pullback from 1146.50 to
1143.00, and after a bounce back to 1146.50 there was another
pullback to 1142.50. With that area turning in to strong
support, the ES turned back up with 30 minutes left and
rallied to the 1146.00-1146.50 area 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 ($ES_F). 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 03/11/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 11 / 2010

(Published Since 1996)

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

Dateline: 6:43 pm eastern time, 3/11/2010

The market opened lower on Thursday and then after the June
ES reached 1134.00 (we had support at 1134.50-1134.00) it
turned back up and rallied to 1141.50. That was rejected,
and a drop to 1136.75 followed. Another bounce to 1141.00
was reversed and the ES dropped to the 1138.00 updated
support. More buying came in at 2 pm and the ES rallied to
the 1146.00-1146.50 zone to close strong.

The ES broke out of a triangle/trading range and made a new
closing high for the year by 1 penny. The ES settled right
at a resistance area, so follow through holding will be key.
We get the retail sales before the open on Friday, and the
Michigan Sentiment report is released at 9:55 am. If the
number doesn't hurt the up-trends, we could get to the 1154
area on the SP500 cash before a turn back down. However, if
there is no follow through, and the initial support areas
are not held, then a decent sized drop should be underway.

Look for early strength to be sold on Friday, and then if
the initial support areas are held on a pullback, the rally
can continue. If the initial support areas are broken, and
there is not a quick reversal, then a sharp drop back down
to the 1134.50-1134.00 area from Thursday would need to
hold, and quickly turn back up. The SP500 cash has closed up
9 of the last 10 days, so if market drops that far and a
reversal back up doesn't happen fast, then the downside
could accelerate and finish the week on a bad note.

June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1146.00-1146.50
1149.50-1151.00
Equivalent to the 1154 area on SP500 Cash
1154.25-1154.75


June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1142.50-1142.00
1138.50-1135.00
1134.50-1134.00


June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1923.75-1924.50
1928.75-1929.50
1934.75-1935.25


June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1916.25-1915.50
1910.50-1909.75
1907.00-1906.00


June 2010 Dow futures resistance
symbols: emini = ymm0

10550-10554
10584-10588
10550-10554
10584-10588


June 2010 Dow futures support
symbols: emini = ymm0

10523-10519
10491-10487
10447-10443

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 ($ES_F). 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: 03/11/10

HOW OUR DAY WENT:

The market opened lower and then after
the June ES reached 1134.00 (we had support at the 1134.50-
1134.00 zone) it turned back up and rallied to 1141.50. That
was rejected, and a drop to 1136.75 followed. Another bounce
to 1141.00 was reversed and the ES dropped to the 1138.00
updated support. More buying came in and the ES rallied to
the 1146.00-1146.50 zone to close strong.

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 ($ES_F). 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 03/10/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 10 / 2010

(Published Since 1996)

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

Dateline: 6:38 pm eastern time, 3/10/2010

The market opened unchanged on Wednesday and then the ES
rallied to the 1147.00-1148.00 resistance zone before noon.
A 1-2-3 top formed off of the 1148.00 high, and the ES
dropped to 1138.25 before turning again. A test of the
1147.50 level was sold, then a pullback to 1141.50 occurred.
With 30 minutes left in stock trading the market bounced
back a bit into the close.

First off, the new front month for our futures contracts
rolls over to June on Thursday. M is the symbol for June
futures.

The market remains overbought readings not seen in a decade
by a few measures. So far it has led only to back and forth
action. On Wednesday the ES tested the January globex high
of 1148 and was rejected twice. That is at the 1142.75-
1143.25 area on the June futures. A move over that zone
must stick, instead of reverse like on Wednesday, to get a
move towards the 1154 area on the SP500 cash in gear. The
upside has not been able to stick, so if the market has
enough juice to get over the 1143 area on the ES, then a
reversal from near that 1154 level on the SP500 cash (around
1149-1150 on the ES) should set up a very good shorting
opportunity.

We had the same pattern on Tuesday and Wednesday, with early
rallies that fail. On Thursday, look for a shorting
opportunity if there is early strength and the move is
reversed from near the initial resistance zones. If that
plays out, a drop to the initial support areas needs to be
defended. If the market loses its underlying bid, and the NQ
breaks/ holds under its 1911 area, then pressure should be
on short term.

June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1142.75-1143.25
1146.00-1146.50
1154 {ON SP500 Cash}


June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1137.50-1137.00
1134.50-1134.00
1131.50-1130.75
1129.25-1128.50


June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1917.50-1918.50
1922.00-1923.00


June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1911.00-1910.25
1908.00-1907.50
1903.75-1903.00
1898.50-1897.50


June 2010 Dow futures resistance
symbols: emini = ymm0

10516-10518
10542-10548


June 2010 Dow futures support
symbols: emini = ymm0

10481-10477
10457-10453
10422-10418
10402-10397

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 ($ES_F). 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: 03/10/10

HOW OUR DAY WENT:

The ES rallied to the 1147-1148 area and
was rejected twice... first a 9.75 point drop, then a 6.00
point drop in the afternoon.

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 ($ES_F). 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 03/09/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 9 / 2010

(Published Since 1996)

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

Dateline: 6:26 pm eastern time, 3/9/2010

The gap down open reversed from 1034.00 on the ES and
immediately turned back up on Tuesday. The rally took the ES
back over the 1139.50-1140.00 area which caused a squeeze
back towards its old high in a steep trend up move. After
reaching 1145.25, another small dip followed. After the dip,
a bounce back to a lower high reversed, setting up a 1-2-3
top, and the ES cut through 1142 support in the process.
After that break, a small bounce stalled and reversed from
1141.75, and then the ES dropped to the 1136.25 level with
just over 30 minutes left in stock trading. Buying/short
covering brought the futures back towards the 1142
resistance and settled over fair value.

The rally was a surprise on Tuesday, as it looked like a
test of the Monday low areas would bring in selling. Still,
the market has not been able to hold its gains and it also
has refused to break down so far. So, it looks like we will
get more two-sided action as long as the Tuesday afternoon
lows are defended. If they are broken, then any rally back
towards the Tuesday closes should be reversed then if the
market is weak. If the market somehow is able to put
together a good rally that takes the SP500 above the January
high of 1150.45, then there is a long-shot chance of seeing
the 1154 area on the SP500 cash, which would be a key hurdle
for this leg higher.

So, look for early strength to be sold on Wednesday. If we
get that, then an early drop towards the initial support
areas must be reversed. If it is not, then a roll over could
be underway. However, if a reversal back up from that
support plays out, the market should have trouble breaking
and staying over the 1141.50-1142.00 area on the ES.
However, if that area is not reversed on a bounce, but
instead broken and held on a pullback, then a move to test
the January high on the SP500 cash could be in the cards.

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

1141.50-1142.00
1144.75-1145.25
1147.00-1148.00


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

1136.25-1136.00
1133.00-1132.50
1126.50-1126.00
1123.50-1123.00


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

1903.75-1904.25
1910.00-1911.00
1914.75-1915.50


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

1894.00-1893.50
1887.50-1887.00
1882.50-1881.50
1874.50-1873.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10570-10574
10602-10606
10624-10631


March 2010 Dow futures support
symbols: emini = ymh0

10533-10530
10514-10511
10440-10436
10423-10419

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 ($ES_F). 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: 03/09/10

HOW OUR DAY WENT:

The gap down open reversed from 1034.00 on
the ES and immediately turned back up on Tuesday. The rally
took the ES back over the 1139.50-1140.00 area which caused
a squeeze back towards its old high in a steep trend up move.
After reaching 1145.25, another small dip followed. After the
dip, a bounce back to a lower high reversed, setting up a 123
top, and the ES cut through 1142 support in the process. After
that break, a small bounce stalled and reversed from 1141.75,
and then the ES dropped to the 1136.25 level with just over
30 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 ($ES_F). 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 03/08/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 8 / 2010

(Published Since 1996)

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

Dateline: 6:31 pm eastern time, 3/8/2010

The market opened higher on Monday and the ES ran up to
1040.50 before a dip. After that dip, a bounce to 1140.00
failed and it set up a 123 top. A pullback to 1136.00
followed. That was just over the initial support at 1135.50-
1135.00 and a bounce back to 1140.00 was next. The moves
couldn't stick with the market so overbought, and a drop to
test the lows occurred just before the futures settled.

The market is still overbought. The Vix reversed, and that
gives another sell signal. The ES traded in a very small
4.50 point range, and the combination should mark a short
term top, or a least more downside before we get a rally
that can sustain itself.

So, look for early weakness to be reversed for a scalp long,
but the better opportunities will be on the short side when
bounces on fizzle on Tuesday. If the ES can get over the
1139.50-1140.00 area, and not quickly reverse, then it's
possible for a squeeze higher. However, that was rejected 3
times on Monday and it appears that will be a tough barrier
to break through.


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

1139.50-1140.00
1141.50-1142.00
1146.50-1147.00

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

1135.50-1135.00
1133.00-1132.50
1126.00
1123.50-1123.00

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

1890.00-1890.75
1894.75-1895.50
1902.00-1903.00

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

1886.50-1886.00
1883.00-1882.00
1874.50-1873.50
1868.50-1867.50

March 2010 Dow futures resistance
symbols: emini = ymh0

10561-10565
10581-10584
10616-10620

March 2010 Dow futures support
symbols: emini = ymh0

10532-10528
10514-10511
10440-10436
10423-10419

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 ($ES_F). 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: 03/08/10

HOW OUR DAY WENT:

The market opened higher on Monday and the
ES ran up to 1040.50 before a dip. After that dip, a bounce
to 1140.00 failed and it set up a 123 top. A pullback to
1136.00 followed. That was just over the initial support at
1135.50-1135.00 and a bounce back to 1140.00 was next. The
moves couldn't stick with the market so overbought, and a
drop to test the lows occurred just before the futures
settled. As overbough as the market was, shorting that early
pop was the best trade 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 ($ES_F). 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 03/07/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 7 / 2010

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 3/7/2010

The ES gapped up 7 points on Friday and after a brief
pullback the upside reasserted itself and the ES bounced
from 1126.00 to 1135.00 in trend up fashion into the 2:20-
2:40 time frame. Finding good support at the 1132.50 level,
the market broke out over the 1135 high and tacked on almost
4 more points. An instant message warned of resistance at
1138 on a bounce, and that was rejected just before the
close.

NOTE: I'm having a camp this week, so my apologies if I
don't get out as many intraday updates as usual over the
next few days. The instant messenger will work the best for
those.

The market broke the range to the upside on Friday, and now
the task will be holding on to those gains. The internal
gauges are at overbought extremes. My RBI oscillator is in
sell territory, and the 3 day Thrust oscillator is at +.57.
Other internal gauges like the McClellan oscillator are more
overbought than at the January top. Also, the Vix closed
more than 10% under its 10 day average close, and also at a
new low for the year. A reversal would give 5 sell signals
on Monday. Finally, the closing Trin on Friday was at .40.
That is equivalent to a closing Trin of 2.50 if the data is
reversed. On February 23rd, with the SP500 cash at 1094.60
and a closing Trin at 3.03 I stated that it should mark a
low within 7 trading hours. The market headed higher and
hasn't looked back since then. At this juncture it looks
like a top should occur on Monday, if it didn't top already
on Friday.

That said, the market does have a good bid on the deeper
drops. If there is a selloff that can hold and reverse from
the 1133.00-1132.50 area on the ES, it will keep the market
from falling apart. If the market sells off to the Friday
afternoon low areas, and does not quickly reverse, then a
bigger drop is in the cards. Unless that happens, there
should be two-sided action at best on Monday so look to get
short if the Friday highs are tested and rejected. If we get
a selloff and the 1133.00-1132.50 area is not defended, then
things will be changing short term.


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

1138.00-1138.75
1141.50-1142.00
1146.50-1147.00

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

1135.50-1135.00
1133.00-1132.50
1126.00
1123.50-1123.00
1120.50-1120.00

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

1888.75-1889.50
1893.75-1894.50
1902.00-1903.00

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

1883.00-1882.00
1879.50-1878.50
1868.50
1860.75-1859.00
1854.75-1854.00

March 2010 Dow futures resistance
symbols: emini = ymh0

10558-10561
10581-10584
10616-10620

March 2010 Dow futures support
symbols: emini = ymh0

10532-10528
10514-10511
10468
10440-10436
10423-10419

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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 ($ES_F). 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.
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