TradeStalker's RBI Update 04/21/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 21 / 2010

(Published Since 1996)

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

Dateline: 6:59 pm eastern time, 4/21/2010

We came into the day looking to get short if we had early
strength, and especially if the 1207.50-1208.50 zone on the
ES and the 2037.75-2038.25 on the NQ were reached. The ES
bounced to 1207.50 and the NQ reached 2037.75 and with
direct hits on key resistance the market reversed 30 minutes
into trading. A bounce off of 1202.25 was feeble, and from
1206.00 they broke that 1202 key support and dropped to
1198.25 before noon. The ES bounced back to updated
resistance at 1204.50-1205.00, then dropped again. Bottom
wasn't found until 90 minutes left, but with stocks closing
on an upswing, the futures headed down again into the close.

The technicals continue to get worse, despite a higher close
by all the indexes but the SP500. Also, the price action is
not able to stick. The break of the 1202 level changed the
market's character to bearish on Wednesday. Also, the back
and forth action gave one Vix Sell signal on Wednesday.

The after the close earnings has the market trading lower as
this is typed. The market will be a short on bounces, even
though there should be some rally attempts. We'll see about
that intraday on Thursday. This appears to be the start of
something bigger, and if we don't see signs of capitulation
(like the last one day drop) then it could carry on for more
than just a day or so.

We get the PPI before the open on Thursday, and then
Existing Home Sales 30 minutes into the day. Lately all of
the sell-offs have been reversed, and probably will be again
on Thursday. If there is an early drop, a counter trend
bounce should occur as shorts take profits. Then, the first
decent bounce should set up a better odds shorting
opportunity. It will probably be better to wait for the
first bounce to fizzle out to get short, rather than get too
involved on the long side up here. If there is a bounce back
that stalls/ reverses from around the initial resistance
zones, then that should be sold if the downside is going to
stay intact.

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

1202.50-1203.00
1205.00
1207.50-1208.50


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

1195.00
1194.00-1193.50
1188.50-1188.00
1182.75-1182.00
1178.00-1177.50


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

2029.50-2030.00
2033.75
2037.75-2038.50


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

2019.25
2018.25-2017.50
2007.50-2007.00
1998.50-1997.75
1993.50-1992.50


June 2010 Dow futures resistance
symbols: emini = ymm0

11071-11074
11086
11097-11101


June 2010 Dow futures support
symbols: emini = ymm0

11017
11000-10996
10963-10959
10918-10914
10886-10882

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

Today's Trading Recap: 04/21/10

HOW OUR DAY WENT:

We came in to the day looking to get
short if we had early strength, and especially if the 1207.50-
1208.50 zone on ES and 2037.75-2038.25 on NQ were reached. The
ES bounced to 1207.50 and the NQ reached 2037.75 -- direct hits
on key resistance -- and the market reversed 30 minutes in to
trading. The intraday updates and instant messages gave more
guidance as we tackled a volatile day very well.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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 04/20/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 20 / 2010

(Published Since 1996)

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

Dateline: 6:25 pm eastern time, 4/20/2010

The gap up open was sold on Tuesday, then the first pullback
held just over the Monday high of 1196.50. After tagging
1197.00 3 times, the market turned back up about an hour
into the trading day. The rally stopped after a poke over
1204.50 resistance was rejected, but the 1202 level was
quickly reversed and a move up made a double top at
resistance. That gave a small pullback to 1202.00 support,
and the futures closed at their highs while stocks dropped
into the close.

There was a gap left on the daily chart at 1196.50 on
Tuesday. After the close, the futures are higher on Apple's
earnings and another gap up will occur if the market opens
higher on Wednesday. Odds of the gap filling on the daily
chart are very good on Wednesday, so if there is early
strength it should offer a nice shorting opportunity as soon
as the upside stalls out (especially if that's from the
1207.50-1208.50 area). That should happen within the first
40 minutes at the latest.

Then, as long as a pullback holds the 1202.00-1201.50 area,
the upside should remain intact. If shorting early strength
plays out, and a pullback turns up from near the 1202.00-
1201.50 area (or higher) around 90 minutes into the day,
then it could be a low and start a good rally. However, if
that 1202.00-1201.50 area is broken, then the market
character is changing and it should have a hard time
recovering so the bounces would turn into shorting
opportunities.


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

1207.50-1208.50 **key early
1210.50-1212.00
1217.50-1218.00

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

1202.00-1201.50 **must hold
1197.00-1196.50
1194.00-1193.50

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

2037.75-2038.25 **key early
2040.50-2041.50
2048.75-2049.50

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

2019.50-2018.75 **must hold
2008.00-2007.00
2000.25-1999.50

June 2010 Dow futures resistance
symbols: emini = ymm0

11090-11094 **key early
11128-11134
11162-11168

June 2010 Dow futures support
symbols: emini = ymm0

11058-11055 **must hold
11027-11023
11000-10996

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

Today's Trading Recap: 04/20/10

HOW OUR DAY WENT:

The gap up open was sold, then the first
pullback held just over the Monday high of 1196.50. After
tagging 1197.00 3 times, the market turned back up. The rally
stopped after a poke over 1204.50 resistance was rejected,
but the 1202 level was quickly reversed and a move up made a
double top at resistance. That gave a small pullback to
1202.00 support, and the futures closed at their highs while
stocks dropped into the close.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com


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 04/19/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 19 / 2010

(Published Since 1996)

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


Dateline: 6:24 pm eastern time, 4/19/2010

A lower open was bought on Monday, and a bounce back to the
1193.00-1193.50 resistance zone on the ES and 2016.00-
2016.50 resistance zone on the NQ occurred. The move stalled
out, and when the 1189.50-1189.00 zone on the ES was broken
the downside gathered momentum as they fell to 1179.75 by
noon. A bounce to the updated resistance at 1185.00-1185.50
stalled, then a dip to 1181.00 was quickly reversed. With a
"rising W" pattern on the charts, the upside got in gear.
After breaking through the 1185.00-1185.50 zone, the ES
dipped to 1185.75 and then headed back up and rallied into
the close.

The panic selloff from Friday carried over on Monday, but
due to the technical condition noted last night, the market
was able to rally back starting in the afternoon and closed
the day at its highs. Once again, however, the market closed
higher while there was more declining stocks than advancing
stocks. That has been going on for some time, and is not
good for the intermediate term.

On Tuesday, look for early strength to set up a shorting
opportunity if the ES reverses from near the 1199.50-1200.50
zone in the first 30 minutes or so. If that plays out, then
beware that as long as a pullback holds above the 1190.50-
1190.00 area on the ES, the market will not be in trouble
yet and should be able to bounce back. It will take a break
back under that zone to turn the trends back down for now.
If it's tested and quickly reversed, then no damage is done.
If the 1190.25 level is not quickly reversed, then it could
result in another rush to get out.


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

1196.50
1199.50-1200.50 **key, good short
1203.50-1204.50
1209.75-1210.50

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

1190.50-1190.00
1188.00-1187.50
1185.00-1184.50
1181.00
1178.50-1177.50
1171.50-1171.00

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

2016.50
2021.50-2022.50 **key, good short
2028.25-2029.00
2037.00-2037.75

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

2004.75-2004.00
1996.50-1996.00
1992.75-1992.00
1986.25
1983.50-1982.50

June 2010 Dow futures resistance
symbols: emini = ymm0

11047
11058-11062 **key, good short
11097-11101
11132-11134

June 2010 Dow futures support
symbols: emini = ymm0

11017-11013
10998-10994
10974-10971
10943
10923-10919

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

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 04/18/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 18 / 2010

(Published Since 1996)

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


Dateline: 5:27 pm eastern time, 4/18/2010


We came in to Friday expecting a decent sized drop,
potentially to the 1192.50-1191.50 zone. The ES had a gap
down open, and that was bought and the ES bounced to 1206.00
and stalled/ reversed. That was at the updated resistance
and then the ES dropped to 1200.00 and bounced back. A
double top at 1206 resistance gave us the drop to the
1192.50-1191.50 zone before any kind of bounce occurred. We
stayed with the short side, and the ES dropped to 1184.50
before reversing with a bit of gusto. After getting to
1193.50, the ES pulled back and then reversed from just
under the 1188.50 support, but made a double top at 1193.50
before the close.

The volatility surely picked up on Friday. The breakdown
appears to be the start of something more on the downside.
The only fly in the ointment is that, just 1 day off of a
new high for the year, there were signs of panic selling
that normally shows up near lows. The Vix closed up 15% on
Friday, after having been about 23% higher intraday. Also,
the closing Trin was at 3.15.

This should set up some two-sided action on Monday. The
intraday chart pattern looks vulnerable, and the daily and
weekly charts don't look good either. If the market can
bounce back a bit and test the highs, then a lot of bearish
divergences will be even more pronounced than they were
coming in to Friday. At this juncture, the odds of that
happening do not look good.

On Monday we get the Leading Indicators at 10am. If the
market pops up and tests the initial resistance (or pokes
over and reverses) it should set up a good shorting
opportunity for a drop of about 10 ES points off of whatever
the early high is. On the down side, the initial support
looks like it must hold or the Friday lows will be tested/
broken before an attempt to turn back up.


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

1193.00-1193.50
1199.50-1200.50
1199.50-1200.50
1209.75-1210.50

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

1188.50-1188.00
1182.75-1182.00
1178.00-1177.50
1171.50-1171.00

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

2016.00-2016.50
2024.50-2025.50
2032.25-2033.00
2037.00-2037.75

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

2007.50-2007.00
1998.50-1997.75
1993.50-1992.50

June 2010 Dow futures resistance
symbols: emini = ymm0

11004-11008
11048-11052
11097-11101
11132-11134

June 2010 Dow futures support
symbols: emini = ymm0

10963-10959
10918-10914
10886-10882

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

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: 04/16/10

HOW OUR DAY WENT:

We came in to Friday expecting a decent
sized drop, potentially to the 1192.50-1191.50 zone. The ES
had a gap down open, and that was bought and the ES bounced
to 1206.00 and stalled/ reversed. The ES dropped to 1200.00
and bounced back, but double top at 1206 resistance gave us
a re-entry just before the Goldman news and the ES dropped
13.50 points to the 1192.50-1191.50 zone before any kind of
bounce occurred. Members were told to stay with the short
side, and the ES dropped 13 points from 1197.75 to 1184.50
before reversing with a bit of gusto. After getting to 1193.50,
a pullback reversed from just under the 1188.50 support, but
made a double top at 1193.50 before the close. The volatility
picked up, meaning more opportunities ahead.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com


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 04/15/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 15 / 2010

(Published Since 1996)

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


Dateline: 6:44 pm eastern time, 4/15/2010

Early weakness was bought on Thursday and the ES rallied to
the 1210.50 resistance level. The move stalled out there,
then broke down and dropped 6 points to 1204.50. That was a
bit over the 1203.50 support, and the market bounced back to
test its highs. With the ES making a double top at the
1210.50 resistance while the NQ did the same at its 2036.50-
2037.50 resistance, another drop followed and then the
market firmed into the close.

The market is acting a bit toppy, and despite closing at new
highs for the year the breadth on the NYSE was negative.
Sentiment is getting frothy. The 10 day put/call ratio for
index options reached .45, the lowest level in more than 18
months. The Vix did not make a lower low despite closing
higher on Thursday. At the least, it looks like volatility
should pick up.

The market has been able to bounce after every pullback/
selloff lately. However, the 1210.50 level on the ES and
2037.75 level on the NQ were rejected twice on Thursday. I'm
sure that late longs would like to see that price again to
get whole, and those looking to short see that as a good
resistance to sell against. IF those are exceeded, and then
held on a pullback, it could cause a last gasp rally towards
the 1229-1233 zone. That appears to be a long shot at this
time.

If the market bounces early on Friday, it should set up a
very good shorting opportunity if the initial resistance at
the 1209.75-1210.50 zone on the ES and/or 2037.00-2037.75
zone on the NQ is tested and the move stalls out. If that
plays out, then a pullback needs to near the 1192.50-1191.50
zone on the ES. If that zone is broken, then odds that a top
of some sort being in place goes up, and the bounces will
not stick. If the market drops back to that area, but holds
and turns back up, then another decent rally should follow.
On the top side, if the initial resistance is broken and
held, then it could cause a final melt-up towards the 1229-
1233 zone.


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

1209.75-1210.50
1212.00-1212.50
1217.50-1218.00

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

1206.50-1205.50
1200.50-1199.50
1096.00-1195.50
1192.50-1191.50

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

2037.00-2037.75
2040.75-2041.50
2046.75-2048.00

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

2030.50-2029.50
2024.50-2024.00
2016.00-2015.00
2006.00-2005.25

June 2010 Dow futures resistance
symbols: emini = ymm0

11099-11104
11122-11125
11174-11178

June 2010 Dow futures support
symbols: emini = ymm0

11072-11068
11012-11009
10982-10978
10955-10951

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

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 04/14/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 14 / 2010

(Published Since 1996)

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


Dateline: 6:54 pm eastern time, 4/14/2010

The ES gapped up on the open on Wednesday, and then after 20
minutes of trading the reversal occurred. It lead to a 4.50
point drop to 1196.00, and the 1195.50-1196.25 initial
resistance zone then turned into support as the ES turned
back up. That was the start of a grind higher and the ES
made it to the top side of the 1202.50-1204.00 zone before
pulling back. The The 1201.50-1200.50 area was good support
and it held on the drop, then the market rallied again to
close at new highs for the year.

The market has closed up 8 out of the last 9 days and just
keeps pushing higher. At this juncture, there looks like
about 1-2% of upside potential but much more on the
downside. The upside has been relentless, and the sentiment
is way too bullish at this point. The next decent sized move
should come on the downside, but if it's just another day or
two of selloff and the ES doesn't break the 1192.50-1191.50
zone, then no damage done and the rally could have another
leg up. However, if this move reverses from under 1208 and
breaks that 1192.50-1191.50 zone, then things will be
changing.

On Thursday, if the market opens slightly higher and
reverses from around the 1207.50-1208.50 zone on the ES,
then a decent drop should occur. If that plays out, but the
pullback holds near the 1203.50 level and turns back up,
then the rally continues. If that support is not held then
the test of the 1200.50-1199.50 zone would need to be
quickly reversed, otherwise the downside could gather steam.
The market should not get that far if it remains in good
shape. If the downside does happen to gather momentum, then
beware that the 1192.50-1191.50 zone should be rock solid
support and should be bought if tested and held.


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

1207.50-1208.50
1210.50
1212.00-1212.50

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

1203.50
1200.50-1199.50
1096.00-1195.50
1192.50-1191.50

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

2026.75-2028.00
2031.50
2036.50-2037.50

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

2020.25
2016.00-2015.00
2010.00-2009.25
2001.00-1999.50

June 2010 Dow futures resistance
symbols: emini = ymm0

11072-11078
11098
11122-11125

June 2010 Dow futures support
symbols: emini = ymm0

11048
11012-11009
10982-10978
10955-10951

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

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 04/13/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 13 / 2010

(Published Since 1996)

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


Dateline: 7:10 pm eastern time, 4/13/2010

The ES opened lower, bounced to 1192.50 about 25 minutes
into trading then stalled out. That strength was sold and
the ES rolled over and fell 7.50 points to the 1185.00-
1184.50 support zone. The 1188.00-1188.50 zone was broken
and then it held on a pullback, and it was a stair-step
higher to test the Monday high at 1195.75. A 123 pattern was
made and the ES dropped to 1192.50 new support at the close.

After the close earnings reports has the market trading
higher as this is written. If that carries over into
Wednesday morning, it should set up a decent short in the
first 20-40 minutes. It would be an "easier" short if the ES
reverses from near the 1198.50-1199.50 zone on the ES. If
that plays out, then look for the 1192.50-1191.50 zone for
pivotal support. A turn back up from that area will keep the
rally alive. A break and hold under that area would start a
transition to the downside.

NOTE: I will be away until early afternoon on Wednesday. The
first intraday update will be sent when I return.


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

1195.50-1196.25
1198.50-1199.50
1202.00-1204.00

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

1192.50-1191.50
1188.50-1188.00
1185.00-1184.50 **key


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

2010.50-2011.00
2014.75-2016.00
2019.75-2020.50

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

2001.00-1999.50
1991.00-1990.00
1985.25-1984.25 **key


June 2010 Dow futures resistance
symbols: emini = ymm0

10987-10991
11001-11006
11041-11045

June 2010 Dow futures support
symbols: emini = ymm0

10955-10951
10934-10930
10892-10888 **key


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

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 04/12/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 12 / 2010

(Published Since 1996)

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


Dateline: 6:12 pm eastern time, 4/12/2010


On Monday morning we had a perfect set-up per the Sunday
night update. As stated:

"...early strength on Monday should set up a very good
shorting opportunity as soon as the move stalls/
reverses, and that could occur from the 1194.25-1195.00
zone."

The ES popped up to 1194.75 in the first 20 minutes,
stalled, then dropped 4 points to 1190.75. Per usual of
late, buyers stepped in and the market bounced, but it had
no gusto and shorts offered the better opportunity late day.
The ES dropped to 1191.00 and bounced feebly back to 1193.50
after stocks closed while the NQ was sold into the close.

On Sunday night the ES shot up to the 1198.50 resistance,
and then dropped until just before stocks opened on Monday.
The market wasn't as lively during regular trading hours as
the ES had just a 5 point range on Monday. The Vix made a
gap down on Monday, and if it goes back over 16 some sell
signals will be given.

On Tuesday, as long as the 1191 level on the ES holds, the
market will avoid trouble. Just don't expect much on the
upside. If the 1198.50-1199.50 area on the ES is tested,
beware of a good sized reversal.


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

1195.00-1195.50
1198.50-1199.50
1202.00-1204.00

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

1191.50-1191.00
1188.50-1188.00
1185.00-1184.50 **key
1182.25-1182.00 **S.T.Major
1178.00-1177.50

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

1997.25-1998.00
2001.50-2002.50
2007.50-2008.50

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

1990.50-1989.50
1986.50-1985.75
1982.00-1981.25 **key
1977.75-1977.00 **S.T.Major

June 2010 Dow futures resistance
symbols: emini = ymm0

10972-10976
11001-11006
11041-11045

June 2010 Dow futures support
symbols: emini = ymm0

10941-10938
10922-10917
10896-10892 **key
10881-10879 **S.T.Major

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

Today's Trading Recap: 04/12/10

HOW OUR DAY WENT:

We had a perfect set-up per the Sunday
night update. As stated:

"...early strength on Monday should set up a very good
shorting opportunity as soon as the move stalls/ reverses,
and that could occur from the 1194.25-1195.00 zone."

The ES popped up to 1194.75 in the first 20 minutes, stalled,
then dropped 4 points to 1190.75. Per usual of late, buyers
stepped in and the market bounced, but it had no gusto and
shorts offered the better opportunity late day as the ES
dropped to 1191.00 and the NQ dropped to 1989.75 just before
they closed.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 04/11/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 11 / 2010

(Published Since 1996)

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

Dateline: 5:28 pm eastern time, 4/11/2010

The market started last week with a rally and the ES reached
1188.00 by Tuesday afternoon. From there, a volatile selloff
occurred into Thursday morning. The ES dropped down to
1171.00, then put together a trend up day until backing off
from 1185.00. On Friday the ES rallied to 1188.25 in the
first 35 minutes (in the 1188.00-1189.00 resistance zone),
then dropped to 1183.00 (just over the 1182.50-1182.00
initial support) about an hour into the day and it turned
back up. That move failed at 1188.75 and after a little
double top reversed the ES dropped and made a better double
bottom at 1185.00. In the last 30 minutes the ES broke and
held 1188.00 and caused a short squeeze that took the market
to new highs for the year across the board.

The market continues to hang in there and rally back after
the downside settles down. The move on Friday afternoon was
a bit parabolic, so early strength on Monday should set up a
very good shorting opportunity as soon as the move stalls/
reverses, and that could occur from the 1194.25-1195.00
zone. If that plays out, then a pullback should hold and
reverse back up from the 1188.50-1188.00 area on the ES and
the 1986.50-1985.75 area on the NQ, otherwise the move could
be too far to turn the market back up.

If the market continues to be strong and rallies through the
1194.25-1195.00 zone and doesn't reverse, but instead stays
over that area on a dip, then we could see the melt-up carry
towards the 1202.00-1204.00 area on the ES before a
rejection of the trend. If the market clears that area, and
does not reverse, then odds are decent that this is that one
last move up towards 1229 on the SP500 cash, and around the
1225 area on the ES, before this move runs out of gas and a
decent correction, or worse, begins.

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

1193.00
1194.25-1195.00
1198.50-1199.50
1202.00-1204.00


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

1191.50
1188.50-1188.00
1185.00-1184.50 **key
1182.25-1182.00 **S.T.Major
1178.00-1177.50


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

1992.75
1994.40-1995.00
1999.50-2000.50


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

1990.50
1986.50-1985.75
1982.00-1981.25 **key
1977.75-1977.00 **S.T.Major
1973.50-1973.00


June 2010 Dow futures resistance
symbols: emini = ymm0

10956
10968-10973
11001-11006


June 2010 Dow futures support
symbols: emini = ymm0

10942
10922-10917
10896-10892 **key
10881-10879 **S.T.Major
10856-10851

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

Today's Trading Recap: 04/09/10

HOW OUR DAY WENT:

The ES rallied to 1188.25 in the first
35 minutes (in the 1188.00-1189.00 resistance zone), then
dropped to 1183.00 (just over the 1182.50-1182.00 initial
support) about an hour into the day and it turned back up.
That move failed at 1188.75 and after a little double top
reversed the ES dropped and made a better double bottom at
1185.00. In the last 30 minutes the ES broke and held 1188.00,
and that caused a run of 5 more points up into the close.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 04/08/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 8 / 2010

(Published Since 1996)

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


Dateline: 6:46 pm eastern time, 4/8/2010

The flu bug made another visit, so I don't have much to
write. The market put together a trend up day on Thursday.
If this rally reverses from under 1185 on the ES, and then
closes / breaks under the 1182.50-1182.00 area, it would
need to turn right back up to avoid another downdraft.

If the ES closes the day under the 1178.75-1178.00 zone, it
will be bearish. If that area holds on a drop, then a
trading range is the worst that happens. If the move from
Thursday continues, and the ES runs through 1185 on the way
up to test or break the recent 1188 high area, it will be a
good area for a reversal. If that does not occur, then a
move towards the 1194-1195 area could be in the cards. If
the bids do not dry up and the move stalls/ reverses, a
melt-up as far as the 1202-1204 area is a long shot
possibility.


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

1184.50-1185.00 **key
1186.25
1188.00-1189.00
1194.50-1195.00


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

1182.50-1182.00 **key
1178.75-1178.00
1175.00-1174.50
1171.00-1170.25


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

1981.50-1982.50 **key
1984.50
1985.75-1987.50
1994.00-1995.00


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

1977.50-1977.00 **key
1970.25-1969.50
1966.75-1966.00
1959.50-1958.50


June 2010 Dow futures resistance
symbols: emini = ymm0

10898-10901 **key
10912
10927-10930
10968-10973


June 2010 Dow futures support
symbols: emini = ymm0

10874-10870 **key
10858-10854
11815-11811
10791-10788


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

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 04/07/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 7 / 2010

(Published Since 1996)

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

Dateline: 6:46 pm eastern time, 4/7/2010

After a lower open, the ES bounced to Tuesday's late low and
then turned back down. A drop down from 1185.00 to 1178.75
followed, and then a decent bounce started. The ES rallied
to the 1186.00-1186.50 initial resistance zone before
reversing. I suggested buying some puts via instant message
(they were cheap!) with the ES around 1185 and that is
working well so far. The break of the 1181.50 level
triggered more selling as the ES dropped steadily to a
1973.25 level, just under the 1174.75-1174.00 support. Short
covering and buyers stepping in caused a reversal in the
last hour, but the market closed just under good resistance
areas.

The internal gauges are still slightly overbought, but the
pullback on Wednesday erased that for the most part. Bigger
picture, the market looks like it topped for awhile. The
only way it gets out of trouble short term is by getting
over the 1186.00-1186.50 area and not quickly reversing. If
that occurs, which is a long-shot, then will have one more
push higher towards the 1220-1225 area before a nose dive
lower.

On Wednesday look for early strength to set up a good
shorting opportunity, especially if the initial resistance
zones are reached and reversed. If that plays out, then a
drop to test the Tuesday lows will need to be defended by
the bulls. If that 1173.25-1172.50 area on the ES is not
held, then it could be on the way towards the 1165.25-
1164.25 area. If the initial resistance is not cleared and
then there is a drop to that 1165.25-1164.25 area, then a 6-
7 point bounce from the low is likely before a bounce
fizzles and reverses.

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

1180.50-1181.50 **pivotal
1084.50-1085.00
1186.25
1188.00-1189.00


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

1173.25-1172.50
1168.75-1168.25
1165.25-1164.25 **major
1161.25-1160.50


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

1976.50-1977.50 **pivotal
1981.25-1982.00
1984.50
1986.50-1987.50


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

1964.25-1963.75
1956.25-1955.25
1952.50-1952.25 **major
1942.00-1940.75


June 2010 Dow futures resistance
symbols: emini = ymm0

10860-10864 **pivotal
10893-10896
10910
10928-10932


June 2010 Dow futures support
symbols: emini = ymm0

10791-10787
10753-10749
10730-10727 **major
10694-10690


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

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: 04/07/10

HOW OUR DAY WENT:

Odds were in favor of a decent pullback
on Wednesday. There was volatile two-sided action until the
ES reached the 1186.00-1186.50 initial support. I sent an
instant message telling members to buy some puts when the
ES was around 1185... the ES dropped 13 points to 1173.25
and members were given guidance all the way down. The down
trend reversed with an hour left in trading setting up yet
another good early trade in the morning.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 04/06/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 6 / 2010

(Published Since 1996)

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

Dateline: 6:36 pm eastern time, 4/6/2010

The ES reversed from the 1177.50-1176.75 support zone just
before stocks opened on Tuesday, and then from a 1178.25 low
on the open, a bounce to the 1184.50-1186.00 initial
resistance zone was reached. From 1184.50, the ES only
pulled back to the 1182.25 updated support, and then it
broke/held 1184.50 on the way to 1188.00. That was straight
up, and it reversed and fell back to new support at 1184.50
by the 4pm close for stocks. The ES finished on an upswing
while the NQ ended on a downswing as the market ended the
day a bit mixed.

My short term indicators are at overbought extremes. Also,
the Vix went to its lowest level since the fall of 2007. The
Dow cash just missed the 11k mark on Tuesday, and that may
need to wait for a bit. If the initial support areas are
broken on Wednesday, then a steeper drop should be in the
cards.

If there is a decent pullback, it will need to hold around
the 1177.50-1176.75 zone on the ES. If that area is not
reversed, then more than just a pullback is underway. A
decent sized drop could go for the 1174.75-1174.00 zone if
we have a normal pullback. If the market gets down there,
and is not reversed, then the 1167-1166 area would be a
major support zone short term.

So, if there is early strength and there is a test of the
Tuesday highs, or a lower high than the Tuesday highs and
the move reverses then it should set up a good shorting
opportunity. If the market obliges and we drop through the
initial support areas, then pressure should be on. The
1182.50-1082.00 would need to be quickly reversed if tested,
otherwise that 1177.50-1176.75 zone on the ES could be a
magnet to pull the market down.


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

1186.00-1186.50
1188.00
1189.25-1190.25
1193.50-1194.00

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

1184.50
1182.50-1082.00
1177.50-1176.75
1174.75-1174.00
1170.50-1170.00


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

1981.00-1982.00
1985.75
1987.50-1988.50
1994.50-1995.25

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

1977.50
1973.75-1973.00
1966.25-1965.50
1962.50-1961.75

June 2010 Dow futures resistance
symbols: emini = ymm0

10917-10920
10927
10941-10944
10964-10968

June 2010 Dow futures support
symbols: emini = ymm0

10904
10896-10892
10880-10877
10864-10860


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

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: 04/06/10

HOW OUR DAY WENT:

The ES reversed from the 1177.50-1176.75
support zone just before stocks opened on Tuesday, and then
from a 1178.25 low on the open, a bounce to the 1184.50-
1186.00 initial resistance zone was reached. From 1184.50,
the ES only pulled back to the 1182.25 updated support, and
then it broke/held 1184.50 on the way to 1188.00. That was
straight up, and it reversed and fell back to new support
at 1184.50 by the close.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 04/05/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 5 / 2010

(Published Since 1996)

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

Dateline: 6:20 pm eastern time, 4/5/2010

The gap up open was sold on Monday and the ES dropped 4
points from 1178.50 to 1174.50 (right at the 1174.75-1174.00
support zone) and turned right back up. That lead to a good
rally, as the ES made a new high for the year at 1183.75
about 90 minutes into the trading day. That turned into the
top of a narrow 2.75 point range between that 1183.75 high
on top and 1181.00 on the bottom as the market traded
sideways after the first 90 minutes of trading.

On Tuesday we get the Fed Minutes from the March 16th
meeting at 2pm. The last 2 up days had very strong breadth
but the advance came on light volume. If the market puts
together one more decent day on the upside, then the odds of
a reversal will be pretty high. In fact, the way the move
stalled out after 90 minutes of rally on Monday could set up
for an early shake-out on Tuesday. For now however, as long
as the initial support areas are held, the trends are up and
the market should stay in decent shape a bit longer.

So, on Tuesday look for early strength to set up a trade on
the short side. If there is a pop up open and the ES
reverses from the 1184.50-1186.00 zone in the first 40
minutes of trading, then a decent pullback should occur. If
that plays out, but the initial support is held on a
pullback (on the ES and NQ, along with 10950 on the Dow
cash), then the upside could get going once again and the
market should at least try to test the early highs. If the
market traces out this pattern and a bounce stalls/ reverses
from a test of the early highs, then that could be the
reversal that starts a decent sized drop. If the market
pulls back, but then can push through to take out early
highs on Tuesday without rejecting them, then one more day
of decent upside action is likely before the market stops to
digests the recent gains at best.

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

Today's Trading Recap: 04/05/10

HOW OUR DAY WENT:

The gap up open was sold on Monday and
the ES dropped 4 points from 1178.50 to 1174.50 (right at
the 1174.75-1174.00 support zone) and turned right back up.
That lead to a good rally, as the ES made a new high for the
year at 1183.75 about 90 minutes into the trading day. That
turned into the top of a narrow 2.75 point range between that
1183.75 high on top and 1181.00 on the bottom as the market
traded sideways after the first 90 minutes of trading.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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 04/04/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 4 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 4/4/2010

The market volatility was very good last week. On Thursday
the ES gapped up 8 points and kept going for 30 minutes
before pulling back to the 1172 support area. A bounce
failed just under the updated 1175 resistance and then a
sharp drop took the ES from 1174.75 to 1166.25 by 2:40 pm.
That's often a reversal time and they ran back up in front
of the Friday Employment number. The market had a positive
reaction to that data, with the ES running up to a new high
for the year at 1178.75 and finished Friday on an up note.

The seasonal upside bias has one more day before that prop
is erased from the market. If the Friday strength holds,
then we could have a gap up open on Monday. This could turn
out to be a "head fake" before the market heads lower. The
early strength should be sold as soon as the upside stalls/
reverses. If that comes from a rejection of the 1180 area on
the ES, then a decent sized drop could occur. A pullback
would need to stay over the 1170.50-1170.00 zone on the ES,
and the worst, to keep from rolling over.

So, look for early strength to set up a shorting opportunity
early on Monday, and if the market obliges and pulls back to
the 1170.50-1170.00 area on the ES, that should be reversed
and the market should bounce back. If they drop that far and
are not reversed, then the trends will roll over.

NOTE: Due to a dental appointment in the morning, the first
intraday update will be sent around noon.

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

1178.75-1179.00
1181.50-1182.50
1184.50-1186.00


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

1174.75-1174.00
1170.50-1170.00
1167.00-1166.50
1163.00-1161.50 **major


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

1962.00-1963.00
1967.00-1967.75
1976.50-1977.25


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

1957.50-1956.75
1952.50-1951.50
1947.00-1946.50
1940.75-1939.50 **major


June 2010 Dow futures resistance
symbols: emini = ymm0

10899-10902
10922-10925
10961-10964


June 2010 Dow futures support
symbols: emini = ymm0

10871-10868
10845-10841
10808-10803
10775-10771 **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.
*************************************************

TradeStalker's RBI Update 03/31/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 31 / 2010

(Published Since 1996)

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

Dateline: 6:56 pm eastern time, 3/31/2010

A lower open was bought on Wednesday, but the bounce didn't
stick and the ES dropped from 1167.00 to 1161.25 in the
first 25 minutes of trading. The move then reversed back up,
and the ES rallied back to 1170.50 before pulling back. A
bounce back to 1170.50 was rejected again, and then a 1-2-3
top formed and the market headed lower in a hurry. The
market dropped to test the early lows then reversed with 15
minutes left in stock trading (30 left for the futures) and
rallied back into the close. The settlement price is because
of the stupid "quarterly settlement at fair value".

NOTE: There will be intraday updates on Thursday,
but the next nightly update will be sent on Sunday
night. We wish you a great Easter Day weekend.
Travel safely.

The market has been acting toppy, but buyers step in at the
bottom of the current range and run the market up. The
action on Thursday should be choppy in front of the
Employment numbers that come out on Friday morning. The
expectations for a "good" number are high, so it must not
disappoint or the market might not let stock owners out
gracefully.

In any case, the rally from the lows in the last 15 minutes
of stock trading kept the market in a trading range, and
also left a "W" bottom on the charts. The market is bullish
unless those lows are broken, and then not easily or quickly
reversed. The 1170 area has been reversal territory lately,
but if the 1170.50-1171.00 zone on the ES is not rejected,
then we could see the 1176.00-1176.50 zone tested one more
time before a reversal. So, the first big hurdle would be
getting over the 1170.50-1171.00 zone and holding. Another
failure there could be a set up for a sharp drop.

If the market gets over that zone and holds it, then the
1176.00-1176.50 zone could be in the cards. If the market
gets there and does *not* reverse, then a surprise move back
towards the 1225-1230 area might be possible IF the market
goes into a melt-up mode. Given how anxious the market acted
while it was briefly above the 1170 level, that kind of move
would be a huge surprise. A reversal from near the old high
at 1176 appears to be better odds if the market gets there.

The Employment number is on Friday and the support/
resistance tables expand beyond the current range in case
that breaks the market out of this range.

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

1168.00-1168.50
1170.50-1171.00 **range high
1173.25-1173.75
1176.00-1176.50 **major
1181.50-1182.50


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

1165.50
1163.00-1162.50 **range low
1159.50-1157.75
1156.50-1155.75
1152.00-1151.50
1148.50-1147.75 **major


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

1961.75-1962.50
1967.00-1967.50 **range high
1971.50-1972.50
1976.75-1977.25 **major
1982.00-1983.00


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

1955.50
1952.50-1951.50 **range low
1944.25-1942.50
1939.25-1938.50
1934.25-1933.50
1924.25-1922.25 **major


June 2010 Dow futures resistance
symbols: emini = ymm0

10825-10828
10843-10846
10875-10879
10894-10898
10922-10925


June 2010 Dow futures support
symbols: emini = ymm0

10800
10775-10771 **range low
10753-10747
10738-10732
10697-10694
10638-10633 **major


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

Today's Trading Recap: 03/31/10

HOW OUR DAY WENT:

A lower open was bought on Wednesday, but
the bounce didn't stick and the ES dropped from 1167.00 to
1161.25 in the first 25 minutes of trading. The move then
reversed back up, and the ES rallied back to 1170.50 before
pulling back. A bounce back to 1170.50 was rejected again,
and then a 123 top formed getting us short and the ES headed
7.75 points lower in a hurry.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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)