TradeStalker.com FREE One Week Trial of our Live Trading Room!
Next week (December 6th - December 10th) we will be having a
ONE WEEK FREE TRIAL of our NEW LIVE TRADING ROOM.
Our new trading room will be through "GoToWebinar". You WILL
be able to see Mike's charts in our new room and he will be
calling out when to enter and exit a trade. For those of you
who aren't familiar with Mike Reed, he has been trading for
more than 27 years. You can read more about Mike at our
website: http://www.tradestalker.com/
Here will be the Trading Room Schedule:
Mondays - Wednesdays - Thursdays: AUDIO from 9:30am -
11:00am, then text updates from 12:30pm - 3:00pm. (Eastern).
Tuesdays and Fridays: Text updates in the morning, then
AUDIO from 1:00pm - 3:30pm. (Eastern).
All traders are welcome to attend the free trial week.
Register Now at:
https://www3.gotomeeting.com/register/499252326
Once registered you will receive an email confirming your
registration with information you need to join the Webinar.
If you have any questions, as always, please don't hesitate
to ask.
To Your Success,
Julie
TradeStalker.com
This publication's primary focus is trading the index
futures ($ES_F)and($NQ_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Wednesday, December 01, 2010
TradeStalker's E-Mini Futures Support and Resistance Updates 11/30/10
.................................................
TradeStalker's
Support and Resistance Update
11 / 30 / 2010
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 11/30/2010
The ES opened down almost 12 points on Tuesday and then
turned up from 1173 and rallied back to 1183.75 after about
an hour of trading. A pullback held at 1177.50 and then a
choppy trend up move took the ES to 1187.00. A 1-2-3 top was
made at that 1186-1187 zone and a drop to 1180.25 support
followed. A bounce to 1185.25 didn't stick either and the ES
dropped 10 points in the last 30 minutes to close the month
on a down note.
The intermediate term indicators, which turned bad before
this drop started, look even worse day by day. Short term, a
few indicators are getting oversold. However, the way the
market is acting, another test of the 1172-1171 area could
be in the cards. It would be the 4th test if it occurs, and
odds of breaking that on another drop would go up.
In any case, the market can not hold on to gains, and a test
of the 1172-1171 area appears to be in the cards if the
initial support is broken. A break of the 1172-1171 area on
the ES could start a mini panic drop. If we get that, and
the indicators get more oversold, then a good rally could
occur. If there is another successful test of that area,
then the bounce off of that area would need to clear the
1180.00-1180.50 area, and not quickly reverse, to avoid
being just a bounce in a downtrend with lower prices ahead.
In order to nullify this and avoid a decent drop, that
1180.00-1180.50 area needs cleared and then held on a dip
early on Wednesday.
December 2010 SP futures resistance
symbols: emini = esz0 / big contract =spz0
1180.00-1180.50
1184.75-1185.25
1187.50-1188.25
1190.50
December 2010 SP futures support
symbols: emini = esz0 / big contract =spz0
1175.50-1175.00
1172.00-1171.00
1167.75-1167.00
1164.00-1163.25
December 2010 Nasdaq futures resistance
symbols: emini = nqz0 / big contract = ndz0
2117.50-2118.00
2126.25-2127.25
2131.50-2132.50
2136.50
December 2010 Nasdaq futures support
symbols: emini = nqz0 / big contract = ndz0
2111.50-2110.50
2106.50-2104.75
2098.75-2097.50
2092.50-2090.75
Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!
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 ($ES_F)and($NQ_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
Support and Resistance Update
11 / 30 / 2010
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 11/30/2010
The ES opened down almost 12 points on Tuesday and then
turned up from 1173 and rallied back to 1183.75 after about
an hour of trading. A pullback held at 1177.50 and then a
choppy trend up move took the ES to 1187.00. A 1-2-3 top was
made at that 1186-1187 zone and a drop to 1180.25 support
followed. A bounce to 1185.25 didn't stick either and the ES
dropped 10 points in the last 30 minutes to close the month
on a down note.
The intermediate term indicators, which turned bad before
this drop started, look even worse day by day. Short term, a
few indicators are getting oversold. However, the way the
market is acting, another test of the 1172-1171 area could
be in the cards. It would be the 4th test if it occurs, and
odds of breaking that on another drop would go up.
In any case, the market can not hold on to gains, and a test
of the 1172-1171 area appears to be in the cards if the
initial support is broken. A break of the 1172-1171 area on
the ES could start a mini panic drop. If we get that, and
the indicators get more oversold, then a good rally could
occur. If there is another successful test of that area,
then the bounce off of that area would need to clear the
1180.00-1180.50 area, and not quickly reverse, to avoid
being just a bounce in a downtrend with lower prices ahead.
In order to nullify this and avoid a decent drop, that
1180.00-1180.50 area needs cleared and then held on a dip
early on Wednesday.
December 2010 SP futures resistance
symbols: emini = esz0 / big contract =spz0
1180.00-1180.50
1184.75-1185.25
1187.50-1188.25
1190.50
December 2010 SP futures support
symbols: emini = esz0 / big contract =spz0
1175.50-1175.00
1172.00-1171.00
1167.75-1167.00
1164.00-1163.25
December 2010 Nasdaq futures resistance
symbols: emini = nqz0 / big contract = ndz0
2117.50-2118.00
2126.25-2127.25
2131.50-2132.50
2136.50
December 2010 Nasdaq futures support
symbols: emini = nqz0 / big contract = ndz0
2111.50-2110.50
2106.50-2104.75
2098.75-2097.50
2092.50-2090.75
Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!
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 ($ES_F)and($NQ_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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