01/30/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

1 / 30 / 2011

(Published Since 1996)

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


Dateline: 5:36 pm eastern time, 1/30/2011


We were expecting a pullback to 1288 at least, and got a lot
more! The pop up open reversed from just over the key
resistance and then went straight to 1283.25 before a small
bounce. The update stated "This is a crashette day" and
although it wasn't *that* bad, we stayed with shorts. After
the early low at the 1272.50 updated support (we covered
shorts just over that), I updated stating that "It looks
like the 1279.50-1280.50 area should offer resistance" and
the bounce reached 1279.25 and then reversed. That was a
nice re-entry on the short side and another 7 point drop to
1272.00 followed. A bounce double topped at 1278 and rolled
over, and it looked like there was a chance for a low with
about 20 minutes left. With 18 minutes left the ES bounced
off of 1271.00 new low to 1274.50 updated resistance before
plunging to 1270.50 at the close.

The 12,000 area on the Dow cash and 1300 area on the SP500
Cash were reversed on Thursday, and then again in the first
20 minutes on Friday. That was the maximum upside before a
pullback, and the market came unglued on Friday as the SP
futures and the Nasdaq futures dropped 29.00 and 71.50
points, respectively, off of their early highs. That kind of
move is not one that the market will come roaring right back
from and zoom up to new highs.

The market is short term oversold and sentiment really
shifted to bearish in a hurry. The Vix jumped 24% to close
over 20 on Friday, after being as low as 15.92 in the
morning. A reversal by the Vix will be needed to take a bit
of pressure off, but volatility should be back in a good way
now. The new VIXY had a nice 7 dollar move on Friday.

There should be more downside coming, as long as bounces do
not break over the 1277.50-1278.50 area on the ES and the
2275.50-2276.00 zone on the NQ and then hold those zones on
a pullback. Those would be the first hurdles to overcome on
a bounce. If those are exceeded, then one more move towards
the 1282 area on the ES would be possible. However, if those
are not exceeded/ held then odds are still good that we will
next test the 1258 area, which is the low area for the year
and an old breakout area on the way up. If the market can
hold there, then a decent bounce back can occur. If the
market gets down there, and cannot hold, then we could see
another 10 points or more cut from the SP500 cash and
futures before the selling gets a respite.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1274.50
1277.50-1278.50
1281.75-1282.50
1287.25-1288.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1270.50
1267.50-1266.50
1263.00-1262.00
1258.50-1257.50
1252.50-1251.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2270.00
2275.50-2276.00
2284.75-2286.50
2295.25-2296.50


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2264.00
2259.00-2258.00
2252.50-2250.50
2238.75-2237.50
2228.50-2227.50

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) 2011 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), (VIXY), 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.
*************************************************

01/27/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

1 / 27 / 2011

(Published Since 1996)

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


Dateline: 6:12 pm eastern time, 1/27/2011


The 1292.00-1291.25 support zone on the ES was bought on the
open (1292.00 early low) and the 1297.75-1298.50 resistance
zone was reached and rejected (1298.00 early high). After a
pullback, a pop up reversed the 1296.50 level setting up a
short and a drop to 1290.75 followed. After turning up, the
1293.50-1294.00 area was broken and held on a dip and the ES
went back up to test the 1296.50 level, again. After a dip,
one more push up to 1298.25 was rejected in the last 15
minutes and the ES dropped to 1295.00 before the close.

The 1297.75-1298.50 area on the SP Futures has looked like
the maximum upside since the rally from the 1277 level
started last week. It was rejected early on Thursday, and
then again in the final minutes of trading. The SP500 cash
reached 1301 intraday on Thursday, and there is symmetry at
that level on the cash index. The Dow is working on its 9th
straight weekly gain, something that last happened 16 years
ago in 1995, and it would have to lose 118 points to close
down for the week.

So there is some reason to expect a pullback, at least,
short term. If the initial support areas are held and
reversed early, then a snap back bounce is likely. However,
a bounce will fail to hold over 1296.50 if it acts like it
did on Thursday. The better reward / risk trade at this
juncture is a short if the initial, key, resistance is
tested again and the move stalls/ reverses. If that occurs
and the market then turns back down, it should be the start
of a move to the 1288 area if there is no sign of holding
the 1293.50 area. If that 1288 area is tested, the bulls
need to defend that or the market may be in for a little
break down.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1297.75-1298.50 key
1301.00-1301.50
1305.50-1306.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1294.00-1293.50 key
1288.25-1287.50 major
1283.00-1282.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2328.50-2329.25 key
2333.75-2334.50
2339.50-2340.25


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2318.00-2317.50 key
2312.50-2311.50 major
2299.50-2298.50


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), (VIXY), 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.
*************************************************

01/26/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
1 / 26 / 2011
(Published Since 1996)
...............................................

Dateline: 5:26 pm eastern time, 1/26/2011

The gap up open was sold from the 1290.50-1292.00 resistance
and the pullback to 1288.25 to fill the gap stalled before
turning up and running to 1296.00. A pullback held the
1291.00-1290.50 new support area and rallied back to 1296.50
and was rejected. A pullback held 1293.00 and popped back up
to test/ reject 1296.50 one more time then pulled back into
the close.

The market should pull back towards the 1288 area on the
ES at least as long as the 1296.50-1298.00 area on the ES is
not exceeded now. That area was rejected on Wednesday, and
should be hard to get through and not reverse.

On the down side, the market has had a good bid on the
deeper drops as soon as the downside stalls out. IF that
continues, and the market firms up after a decent sized
pullback occurs (especially on a test of the 1288 area on
the ES), then beware of yet another rally attempt. However,
if the ES cannot defend that area, then the trends reverse
and a top on Fed day may be in place.

March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1
1294.50-1295.00
1297.75-1298.50
1301.00-1301.50

March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1
1292.00-1291.25
1288.25-1287.50
1283.00-1282.50
1277.50-1276.50

March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1
2317.50-2318.25
2323.50-2324.25
2330.25-2332.50

March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1
2313.00-2312.50
2308.00-2307.50
2299.50-2298.50
2293.50-2292.50

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) 2011 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), (VIXY), 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.
*************************************************

01/25/11 TradeStalker's E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
1 / 25 / 2011
(Published Since 1996)
...............................................

Dateline: 6:36 pm eastern time, 1/25/2011

The lower open reversed from 1282.00 and spiked up to
1288.50 again before reversing and dropping to the 1278.50-
1278.00 support zone before noon. A 1-2-3 bottom at that
area (see "Read the Greed") started a bounce to 1284.75
(updated resistance was 1284.00-1284.50) and it stalled out
before another drop to a new low at 1277.00. A pop to
1280.50 updated resistance was sold, and a drop to test the
lows followed. A reversal took the ES over 1280.50, which
turned into support on a dip, and then moved on up to
1285.25 with about 30 minutes left in stock trading. A
pullback held the updated support at 1282.50-1282.00 and ran
up to test the 1288 area again at the close.

The market is in a trading range and the bottom and top were
tested on Tuesday. The Vix buy signals worked after the
market had a deep pullback. However, the market has not held
gains and if there is yet another reversal from that 1288
area then we could repeat the Tuesday action and have more
two-sided action. If that's the case there should be
opportunity on both sides. The ES and NQ both made good
moves both ways. the ES made these swings of 4 points or
greater:

1282.00
1288.50 +6.50
1282.50 -6.00
1286.50 +4.00
1278.25 -8.25
1284.75 +6.50
1277.00 -7.75
1288.25 +11.25

The volatility at these levels should continue. We get the
New Home Sales number 30 minutes into the day on Wednesday,
and then the Fed decision on interest rate policy around
2:15 pm eastern time. For now the market is in an uptrend so
look for early strength to be sold in the first 40 minutes
of trading, and then a pullback to the 1283.00-1282.50 zone
on the ES needs to be defended on a pullback. If there is a
trending move going into the Fed release, it should be
reversed. In any case, after the release expect a quick up
and down move (or vice versa), and then the market should
find a trend and go that direction until the last 30 minutes
or so.

March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1
1288.00-1288.75
1290.50-1292.00
1294.50-1295.00
1297.75-1298.50

March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1
1283.00-1282.50
1277.50-1276.50 (11900 on Dow cash) *major
1274.50-1274.00
1268.25-1267.50

March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1
2302.25-2303.50
2309.50-2310.50
2318.50-2319.25
2323.50-2324.25

March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1
2293.50-2292.50
2282.50-2281.50 *major
2279.25-2278.50
2267.00-2265.75

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) 2011 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), (VIXY), 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 E-Mini Futures Support and Resistance Updates 01/24/11

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

TradeStalker's

Support and Resistance Update

1 / 24 / 2011

(Published Since 1996)

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

Dateline: 6:56 pm eastern time, 1/24/2011

The lower open at the 1279.00-1278.50 initial support gave a
move up to the 1282.75-1283.25 initial resistance zone, then
dropped back to the 1279.00 level and bounced again. The
bounce failed at 1281.75 but a third pullback to 1279.00-
1278.50 held and the 1282.75-1283.25 zone was tested again.
The 1280.50 level held and the breakout took the ES to the
1287.50-1288.25 key resistance before buyers backed off. A
break of the 1285.50 updated support led to a drop to
1283.75 updated support and then ran up 6 points in the last
hour to new highs for the day by the close.

the oversold rally on Monday erased many of the short term
oversold extremes that were present. however, the Vix
reversal from a 20 day high on Monday gave several buy
signals on Monday's close. we'll see about that, as we get
the Consumer Confidence release 30 minutes into trading on
Tuesday. At these levels, the market should take a poor
number as an excuse to sell stocks. If that's what happens,
then the last hour lows from Monday will need to be defended
to avoid a potential 1-2-3 type of top on the daily charts.

So, on Tuesday look for early strength to set up a shorting
opportunity if the initial resistance areas are reached and
rejected. If the market obliges and there is a pullback that
holds the initial support areas, then the uptrend can
continue and set up a trade on the long side. If the initial
support isn't held, then the 1284.00-1283.50 zone on the ES
needs to hold or a reversal of trends will occur. If the
market does get hit with a decent sized pullback, then the
1278.50-1278.00 zone would be a major area to hold to avoid
a topping pattern.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1290.50-1292.00
1294.50-1295.00
1297.75-1298.50

March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1286.50
1284.00-1283.50
1281.00-1280.50
1278.50-1278.00
1274.50-1274.00

March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2299.50-2301.00
2309.50-2310.50
2318.50-2320.25

March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2294.50
2292.50-2291.75
2287.00-2286.25
2279.25-2278.50
2267.00-2265.75

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) 2011 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), (VIXY), 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 E-Mini Futures Support and Resistance Updates 01/23/11

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

TradeStalker's

Support and Resistance Update

1 / 23 / 2011

(Published Since 1996)

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

Dateline: 5:36 pm eastern time, 1/23/2011

The market gapped up on Friday (8.75 points on the ES) and
the ES reached its 1287.75-1288.25 zone (1288.00 high) while
the NQ reached the 2299.00-2300.50 zone (2299.75 high) and
the market rolled over and went trend down until around
noon. Our 1280.25 level to cover shorts was reached (about 7
ES points, and 23 NQ points) as the ES found support at
1279.00 and started a choppy move higher. Updated resistance
at the 1282.50-1283.00 area was rejected all afternoon, and
was a re-short as the ES fell to test the 1278.25 level,
which started as initial resistance for the day before a gap
up open, just before stocks closed.

The oversold rally happened on Friday's open, and then the
market spent the day giving back gains. The Dow made a new
52 week high by popping over 11900, but the Nasdaq futures
were trend down all day, losing 34 points from high to low.
There are some short term oversold indicators still.
However, the Dow making a new high without the Nasdaq going
with it leaves the market suspect on bounce attempts.

On Monday look to get short if there is early strength and
the move reverses from the initial resistance areas. If that
area is rejected, and then the initial support will need to
be defended on the first pullback in order to avoid a trip
to the 1274.50-1274.00 zone. If they hold and reverse from
that zone, then a decent rebound could occur. If the market
gets back down there, and buyers don't step to the plate and
turn the market back up quickly, then another push lower
towards last week's 1267.50 low (or lower) is likely in the
cards.

March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1282.75-1283.25
1287.50-1288.25
1291.00-1292.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1279.00-1278.50
1274.50-1274.00
1268.00-1267.50
1265.00-1264.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2277.75-2278.75
2290.50-2291.75
2299.50-2301.00


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2266.00-2265.75
2258.75-2257.75
2248.50-2246.75
2242.00-2240.50

Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!

Copyright (c) 2011 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 E-Mini Futures Support and Resistance Updates 01/20/11

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

TradeStalker's

Support and Resistance Update

1 / 20 / 2011

(Published Since 1996)

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


Dateline: 6:12 pm eastern time, 1/20/2011


The ES opened lower and reached the 1270.75 support about 8
minutes into trading, and then a bounce to 1278.00 followed.
That set up a shorting opportunity and the market went trend
down to the 1268.50-1268.00 zone (a 1267.50 low) and bounced
again just before noon. The 1274 area turned pivotal, and
once that was overcome the ES rallied to 1280.25 (right at
the 1280.00-1280.50 initial resistance). That was rejected
and a dip to 1278.00 followed, but it didn't hold and a drop
back to the 1274.00 level occurred in the last 30 minutes of
trading and then the market firmed into the close.

The intermediate term gauges are looking worse, but short
term the market is a bit oversold. The 1274 area on the ES
was pivotal on Thursday, along with 11800 on the Dow cash.
As long as that is held early, then the market can try
to move a bit higher, maybe back to test or break the
1280.00-1280.50 area. That would be key on the upside. If
the market cannot push through those Thursday afternoon
highs and stick, the market will remain vulnerable for more
on the downside.

So, look for the initial support areas to be key in the
early going if there is weakness. As long as those areas are
defended, then a move back towards the 1280's is possible
before the bids dry up and the market pulls back again. If
there is early strength first, then look for a shorting
opportunity if the 1277.50-1278.25 initial resistance is
reversed. If it's not, then the 1280.00-1280.50 area would
be next, and then a dip would need to hold 1278 to avoid a
reversal, and decent sized drop once again. If the ES breaks
under that 1274 area again, and cannot turn back up, then
another air pocket drop could occur.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1277.50-1278.25
1280.00-1280.50
1283.00-1283.75
1287.75-1288.25


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1274.50-1274.00
1272.50-1271.50
1268.00-1267.50
1265.00-1264.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2287.50-2288.50
2293.50-2294.50
2299.00-2300.50
2311.00-2312.25


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2279.00-2278.00
2274.50-2273.50
2267.50-2266.50
2260.50-2359.50


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

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) 2011 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 E-Mini Futures Support and Resistance Updates 01/19/11

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

TradeStalker's

Support and Resistance Update

1 / 19 / 2011

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 1/19/2011

The market opened lower on Wednesday, under initial support
zones, and the ES dropped to 1286 support before bouncing.
The ES rejected the 1288.00-1288.50 zone and dropped to
1281.75 before another small bounce. That failed at 1283.50-
1284.00 updated resistance and the trend down move then
finally reached the 1276 target on the way to 1275.00. With
less than 30 minutes left in stock trading, the market found
buyers/ shorts covering and bounced back into the close.

The market finally broke down and put a dent in the upside
momentum. However, after a 20 point drop on the ES from
1295.00 to 1275.00, the move down lost some steam late on
Wednesday and ran up in the last 25 minutes of trading. That
could be because there are a lot of economic releases out on
Thursday. We get the Initial and Continuing Claims before
the open, and then the Existing Home Sales, Leading
Indicators and Philly Fed releases 30 minutes into the day.

On Thursday look for early strength to set up a shorting
opportunity, especially if the initial resistance is not
cleared/ held. If that plays out and the Wednesday lows are
broken by just a just a little bit and then reversed, then a
decent rebound could occur. Still, it would fail to break
and stay over the 1280 area if the market is weak. If that
initial resistance is cleared, and then can hold on a dip,
then one more push towards the 1283.50 area could be in the
cards (or towards the 1287.75-1288.25 zone at the most)
before the downside starts again.

March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1280.00-1280.50
1283.00-1283.75
1287.75-1288.25


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1275.00-1274.50
1271.75-1270.75
1268.50-1268.00
1265.00-1264.50
1262.00-1261.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2302.00-2303.50
2311.00-2312.25
2316.00-2317.00


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2293.00-2291.50
2288.25-2287.50
2284.00-2283.25
2279.50-2279.00
2274.50-2273.50

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) 2011 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 E-Mini Futures Support and Resistance Updates 01/18/11

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

TradeStalker's

Support and Resistance Update

1 / 18 / 2011

(Published Since 1996)

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

Dateline: 5:46 pm eastern time, 1/18/2011

The ES popped up to 1290.50 on the open on Tuesday, and then
dropped to 1286.50 before turning back up. Not able to stay
under 1287 for very long, the bids came back in and the
market started a grinding move to the upside. The 1291.75
resistance was rejected after 2 pm, but just a small dip to
1289.50 was reversed quickly and after the 1291.00 early
high was broken and held, the futures made a run to new
highs right at their close.

The earnings reports after the close were well received so
there should be follow through buying on Wednesday. The ES
is closing in on the 1300 area, and if the NQ can keep its
bid, the ES should get pulled up with it, and possibly
attempt to reach the 1297.50-1298.50 zone.

However, should the market pop up early and then reverse
(especially from 1297.50-1298.50) and not defend the initial
support areas, a top of some sort should be in place. After
9 straight up days to new 52 week highs by the Nasdaq
futures, the market will be pulling back/ selling off soon.
If there is early strength that reverses the initial
resistance areas, it should be a good reward/ risk
opportunity on the short side for a pullback towards the
initial support areas, at least.

March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1297.50-1298.50
1300.50-1301.50
1305.50-1306.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1292.75-1292.50
1291.00
1289.50-1288.50
1286.50-1286.00


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2335.75-2337.50
2342.50-2344.25
2352.50-2353.50


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2327.50-2326.75
2323.50
2318.75-2317.75
2310.75-2308.75

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) 2011 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 E-Mini Futures Support and Resistance Updates 01/17/11

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

TradeStalker's

Support and Resistance Update

1 / 17 / 2011

(Published Since 1996)

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

Dateline: 4:36 pm eastern time, 1/17/2011

The lower open on Friday was reversed, and after breaking/
holding the 1278.50 level the move was trend up to the top
of the recent range. We did buy a small put position, but
traded around that with the ES as all the dips were to a new
updated support (1284.50, then 1287.00 as the last support)
on the way to 1290.00 by the close.

The market is in a melt up mode, despite technical extremes.
The pullbacks are relatively small, then it's back to the
upside. This is flabbergasting that the market refuses to
pull back even a little, and is turning into a mania that
likely ends soon. The market has gone up for eight straight
weeks, and without having anything more than a pullback of
one-third of one percent. That's 1/3 of 1% if numbers look
different, but amazing how ever you look at it.

In any case, the stair step higher will continue unless the
1287.00 level on the ES is broken, then held as resistance
on a bounce. Even then, the 1284.50-1283.50 zone should also
be important, as it was the old high area from 2 weeks ago.
So, there is good support to defend below. On the upside,
the ES could try for a test of the 1300 area before coming
back down, possibly hard for the first time in months, if
the 1291.75-1292.50 area is not rejected up here.

On Tuesday look to sell early strength that stalls/reverses
from initial resistance in the first 40 minutes at the
latest. If that plays out, and then the first decent
pullback holds near the 1287.00 area, cover and get long for
a continuation of the uptrends. If there is no hint of
holding the 1287 area, then the 1284.00 area could be a
magnet before a bounce occurs. If they get down there, the
market should rally back and not stall/ reverse from the
1287 area to avoid further downside. If that break/hold under
the 1287 area is what happens, then the major support is now
at the 1277-1276 area on the ES.

March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1290.00
1291.75-1292.50
1294.00
1297.50-1298.50
1301.00-1302.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1287.50-1287.00
1284.50-1283.50
1280.50-1280.00
1277.50-1276.75 Major
1273.00-1272.25

March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2323.00
2325.50-2326.50
2330.50
2337.50-2338.50
2342.25-2344.00


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2317.50-2316.75
2312.50-2312.00
2306.25-2303.75
2298.50-2296.50 Major
2285.00-2283.50

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
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)

Copyright (c) 2011 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 E-Mini Futures Support and Resistance Updates 01/13/11

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

TradeStalker's

Support and Resistance Update

1 / 13 / 2011

(Published Since 1996)

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


Dateline: 6:16 pm eastern time, 1/13/2011


A quick update late last night stated that an early rally
would be a short, and also gave the 1279-1278 area on the ES
and the 2298-2296 zone on the NQ being key. The ES dropped
to 1277.75 and NQ to 2298.00 and reversed in the first hour,
then rallied into early afternoon. The move stalled out at
1283.00 and then reversed and drifted to 1276.25 on the ES
and the 2298-2296 zone on the NQ at 3:30 pm. A short
covering rally took the market back to test the highs but
just missed and the futures backed off into the close.

The market got good earnings after the bell and should open
higher on Friday if the CPI and Retail Sales numbers are not
bad. The Michigan Sentiment survey 25 minutes into trading
could be a market mover too. The market hasn't had a decent
pullback of even 10 points on the ES since 1/4 and 1/7 at
the 1258 area. Some good odds shorts set up along the way,
but they don't give much downside before bouncing back. The
melt-up move should last another day, or part of one anyhow.

On Friday there should be follow through buying so if there
is early weakness it sets up a buying opportunity for a
rally back to a new high for the move or higher. If the
market opens higher, a reversal from the 1284.50 area on the
ES should only cause a small pullback of 3-4 points at most
if the move up is going to continue. If there is a drop of 4
ES points or more, then a chance of testing the Thursday
lows would be possible. The 1276 area on the ES, the 2296
area on the NQ and the 11700 level on the Dow cash will all
be defended if the market is going to stay away from trouble
and stay in trend up mode.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1284.00-1284.50 *key
1286.75-1288.00 *major
1291.75-1292.50
1299.00-1301.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1279.00-1278.50
1274.50-1274.00 *key


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2309.50-2311.00 *key
2315.50-2316.25 *major
2322.50-2324.00


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2300.75-2300.25
2294.00-2292.50 *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) 2011 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 E-Mini Futures Support and Resistance Updates 01/11/11

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

TradeStalker's

Support and Resistance Update

1 / 11 / 2011

(Published Since 1996)

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


Dateline: 6:36 pm eastern time, 1/11/2011


The ES gapped up on Tuesday, then quickly reversed from
1273.00 and a pullback to 1268.50 followed. That filled the
gap on the daily chart, and then the ES bounced back to
1273.75 and stalled out. A short at 1273.00 didn't take much
heat, then fell fast starting around 1 pm. A bounce off
1268.00 then stalled/reversed from 1271.00 and a drop to a
lower low at the 1265.50 level followed. That was the Monday
close and the market reversed back up around 2 pm and then a
choppy move back to the 1271 area lasted until just before
the close.

The ES tested the high area from last week and the Dow Cash
tested 11700, and the market did not like it up there. Also,
the last 2 hours of upside was labored and formed a rising
wedge pattern. Just before the close the 1271 resistance on
the ES was reversed, putting the market on the defensive.

On Wednesday we get the Fed's Beige Book release at 2 pm. In
the early going look for early strength to be a gift on the
short side, especially if there is a pop over the 1271 level
on the ES that reverses back down. Then, if the first
pullback can be reversed from the 1265.00-1264.50 low area
from Tuesday, a snap back rally can occur. If that 1264.50
area is broken, then odds are good that a top of some sort
is in place and another test of the key 1258 area could be
in the cards.


NOTE: There will not be an update on Wednesday night due to
prior commitment.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1271.00-1271.50
1274.00-1274.50
1278.00-1278.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1268.50
1265.00-1264.50
1262.00-1261.50
1258.00-1257.50
1252.25-1251.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2287.50-2288.00
2294.00-2294.50
2302.75-2303.50


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2284.00
2280.50-2280.00
2274.50-2273.50
2264.25-2263.25
2253.00-2251.50


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

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) 2011 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 E-Mini Futures Support and Resistance Updates 01/10/11

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

TradeStalker's

Support and Resistance Update

1 / 10 / 2011

(Published Since 1996)

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


Dateline: 6:16 pm eastern time, 1/10/2011

The ES opened lower on Monday, then bounced from 1260.00 to
1264.25 and reversed back down. That lead to a test of the
key 1258.00 level and buying came in. After moving up to
1265.00, there was a drop to 1259.75 but the bears couldn't
keep the market down and the break and hold of the 1262.50-
1262.00 zone opened the door for a rally to just under the
1268.50-1269.00 initial resistance with 30 minutes left.
That marked the tops as the market was sold into the close.

While the Nasdaq futures pushed to new 52 week highs on
Monday, the ES took all day to get back to unchanged and
then faded into the close. The ES is around the middle of
its range, while the NQ is getting stretched on the upside.

On last Friday and on Monday the ES failed to clear the
1268.50-1269.00 zone, and that is key on the upside on
Monday. On the downside, as long as the initial support
areas are held, there will be a chance to test that again on
Tuesday. However, if broken the initial support is broken,
then by now the 1258 support is on everyone's charts, and a
4th test will not have as good of odds of holding. If it is
held, then no damage is done just yet. Just don't expect a
whole lot more upside from here. If broken, it could confirm
a top.

On Tuesday look for early weakness to be bought IF the
initial support is held/reversed, and then if the market can
bounce again, the move needs to get over the initial
resistance zones and not quickly reverse. If the 1268.50-
1269.00 area is not rejected a third time, then a run up to
the 1272 area that stalls/ reverses is a shorting
opportunity. If a pullback doesn't hold the 1265.00-1264.50
area on the ES and 2280.50-2280.00 area on the NQ, then that
retest of the 1258 area on the ES is likely one more time,
and would need to reverse back up over 1260 quickly to avoid
heading towards the 1252.25-1251.50 zone.


NOTE: We have returned to the old format but with much
more audio guidance. If you don't have a user name and
password, contact Julie at Julie@tradestalker.com to
get set up. The chat box/ audio link is-

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

You must be logged in and follow instructions on the
website to hear audio. Again, if you need a user name
and password, contact Julie at Julie@tradestalker.com
to get set up.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1268.50-1269.00
1274.00-1274.50
1278.00-1278.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1265.00-1264.50
1262.00-1261.50
1258.00-1257.50
1252.25-1251.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2286.25-2287.50
2296.50-2298.25
2302.75-2303.50


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2280.50-2280.00
2274.50-2273.50
2264.25-2263.25
2253.00-2251.50


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

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) 2011 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 E-Mini Futures Support and Resistance Updates 01/09/11

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

TradeStalker's

Support and Resistance Update

1 / 9 / 2011

(Published Since 1996)

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


Dateline: 5:36 pm eastern time, 1/9/2011


The ES popped up to 1274.00 on the open on Friday, and that
early strength was sold and the ES dropped to 1267.75 (just
over the 1267.25-1266.25 initial support), and then a quick
bounce back to the 1272.75 initial resistance occurred. The
1272.00-1272.50 zone on the ES and the 2281.25-2282.50 zone
on the NQ were both reversed, and a trend down move to the
1258.50-1258.00 support zone on the ES and the 2252.75-
2251.50 support zone on the NQ lasted until just before 1
pm. That was a 15 point move on the ES and a 29.25 point
move on the NQ, and then the market reversed. The 1262 level
was broken and held and the ES rallied back to the 1268.50
pivotal level just before the close.

The market is getting more volatile, which is a good change.
The first week of the year is in the books, and we have a
toppy acting market currently, or range bound at best. Last
week the ES failed to hold over the 1272 level for very
long, and also failed to stay under 1259 for very long
either.

The internals have not kept up with price, and now my
intermediate term internal gauges are beginning to roll
over. The very short term internal gauges are close to
getting oversold. In any case, it would take good follow
through buying that gets both the ES and NQ over their
initial resistance areas, and then holds them on a pullback,
for the market to avoid another drop. That would be a change
of character from last week's action, as the bounces have
not been able to stick. If we do get another drop, the
1258.50-1257.50 zone on the ES and the 2252.75-2251.50 zone
on the NQ will need to be defended for a third time,
otherwise there is a short to intermediate term top forming.

Look for early strength to be sold, and then if the first
decent pullback shows signs of turning back up from the
1264.50-1264.00 zone on the ES and/ or the 2265.50-2264.50
area on the NQ, a snap back rally is possible. If broken,
then the 1258.50-1257.50 zone on the ES and the 2252.75-
2251.50 zone on the NQ will need to hold or things will be
changing.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1268.50-1269.00
1274.00-1274.50
1278.00-1278.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1267.00-1266.50
1264.50-1264.00
1262.00
1258.00-1257.50
1252.25-1251.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2276.00-2277.00
2281.50-2282.00
2288.25-2289.50


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2272.50-2271.75
2265.50-2264.50
2260.50
2253.00-2251.50
2243.00-2241.50


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

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) 2011 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 E-Mini Futures Support and Resistance Updates 01/06/11

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

TradeStalker's

Support and Resistance Update

1 / 6 / 2011

(Published Since 1996)

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


Dateline: 5:46 pm eastern time, 1/6/2011


The market didn't sit still intraday on Thursday. A pop up
to 1273.75 on the ES was sold on the open on Thursday (1
tick over 1273.00-1273.50 initial resistance) but the first
pullback held at 1270.75 (initial support) and another push
higher to 1274.50 followed. However, the breakout failed and
that set up a short and then when 1270 was broken the
downside gathered steam and a drop to 1266.25 occurred. That
was an 8.25 point move and we caught a part of it. A channel
formed between 1267.25 and 1270.25, and the breakout ran
another 2 points higher to 1272.25 before reversing. A drop
back to that 1267.25 followed, and able to hold again, a pop
back to the 1270.50 level followed. A quick drop to 1266.50
was quickly reversed with about 30 minutes left in stock
trading the ES rallied back to 1271.25 just before the
close.

We get the Employment data before the open on Friday. The
market has not been able to hold gains, yet refuses to break
too. Right now it will take a break under the 1266 area and
not quickly reversed again to make a topping pattern. Unless
/ until that occurs, no reversal yet. Still, don't expect a
lot more upside before selling comes back in.

So, look for early strength to be sold in the first 40
minutes of trading on Friday. If that plays out and the
initial support holds, then another snap back rally is still
possible. If it's not defended then a move to 1263 area
would be key end of week.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1271.50-1272.50
1275.50-1276.00
1278.00-1278.50
1282.50-1284.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1267.25-1266.25
1263.75-1262.75
1258.50-1258.00
1252.50-1251.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2277.75-2278.50
2282.75-2284.50
2288.25-2288.75
2294.00-2296.00


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2270.75-2269.75
2263.00-2262.00
2252.75-2251.50
2243.00-2241.50


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

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) 2011 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 E-Mini Futures Support and Resistance Updates 01/05/11

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

TradeStalker's

Support and Resistance Update

1 / 5 / 2011

(Published Since 1996)

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


Dateline: 6:06 pm eastern time, 1/5/2011


The market opened lower on Wednesday, but quickly turned
back up and held over the initial support zones on a
pullback and the market stair stepped higher in trend up
mode to 1273.00 on the ES by 12:45 pm eastern time. The 1270
level was able to hold on a pullback, and then the ES
churned between 1273.75 and 1270.25 going into the close.

The market continues to be amazingly resilient, as the
market held a good bid on dips all day on Wednesday. The
daily indicators are not yet overbought and sentiment has
not reached an extreme just yet. That 1270 area now needs to
be defended to avoid a reversal pattern and trigger a bit
more selling. Otherwise, the bulls remain in control and the
upside can continue for part of another day or maybe two
before we get a reversal up here.

On Thursday we get the Jobless Claims before the open. If
the market opens higher, that should set up a shorting
opportunity for a test of the 1270 area. If that area is
broken, and then the ES cannot reverse back from around the
1268.50-1268.00 area, then it should mean there is a selloff
coming that could get the ES down to the 1263.75-1262.75
zone on the ES. If that area is reached, and the move stalls
or reverses back up, then a decent bounce back towards the
1270 area would then be possible.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1273.00-1273.50
1275.50-1276.50
1278.00-1278.50 *next key areas


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1270.50-1270.00
1268.75-1268.25
1263.75-1262.75
1258.50-1258.00


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2271.50-2272.50
2276.50-2278.00
2281.25-2282.50 *next key areas


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2268.50-2267.50
2263.00-2262.00
2252.75-2251.50
2243.00-2241.50


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

Copyright (c) 2011 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 E-Mini Futures Support and Resistance Updates 01/04/11

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

TradeStalker's

Support and Resistance Update

1 / 4 / 2011

(Published Since 1996)

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


Dateline: 7:09 pm eastern time, 1/4/2011


I don't often toot my own horn, but in Monday night's update
I stated that:

"The ES was unable to hold over 1270 and now a test of
the Monday highs will set up a very good shorting
opportunity."

and

"...that first decent bounce should set up a shorting
opportunity then when the upside stalls out. That will
be the case as long as the 1270 area is not exceeded
and held, instead of reversing as it should if the
market is going into pullback mode."

It was also noted about the 1258.50-1258.00 zone:

"...the big open left a gap on the daily, weekly,
monthly, and yearly charts so far. Odds are pretty good
that we revisit that area on a pullback fairly soon."

The ES popped up to 1270.00 on the open and turned back down
and that was what we were looking for, and an 11.75 point
trend down move to 1258.25 on the ES (the 1259.00-1258.00
support was our cover zone via audio) and a 25.50 point drop
to 2236.50 on the NQ occurred shortly before 1pm eastern
time. From there the market went trend up and reached the
1266.00 target/ resistance zone before 3:30pm. The pullback
held new support at 1263.00-1262.25 and snapped back into
the close.

The ES had good moves both ways and by holding at the
1258.50-1258.00 zone the market averted a bad day. The way
the market is acting, we could form a new trading range with
good resistance around Monday's highs and good support
around the Tuesday lows. The Nasdaq, which lead the way up,
looks to be top heavy though and should keep the pressure on
if it can not get through the initial resistance zone on
Wednesday.

The weight of the evidence favors more two-sided action
ahead, and possibly a drop to/through Tuesday's lows. That
would be the case if the initial support around the 1262.72-
1262.25 area on the ES and 2244.50-2243.50 area on the NQ is
not defended on Wednesday. So. if there is a higher open, it
should offer another good shorting opportunity for a
pullback to the initial support areas, at least. If those
support zones are not held, then bounces should fail to
break/ hold over the 1266.00-1266.50 zone on the ES and also
the 2252.00-2252.50 zone on the Nasdaq 100 futures. Those
areas will be shorting areas if that support is broken and
the market bounces back. If the 1258 area on the ES is
tested again, then another turn around would need to happen
pretty fast, otherwise the move will turn into more than
just a pullback in an uptrend. On the other side of the
coin, if there is further strength and the 1270 area is
tested again, then beware that the 1268.50-1268.00 area
would then need to hold or a reversal will have occurred and
start a good sized drop.

NOTE: There will be no intraday updates on Wednesday after
noon due to an appointment. Hopefully the nightly update
will not be effected.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1266.00-1266.50
1269.50-1270.25 strong
1272.50-1273.00 key, sell zone
1275.50-1276.50 major


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1262.72-1262.25 key
1258.50-1258.00 strong
1255.25-1254.75
1252.00-1251.25 major


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2252.00-2252.50
2261.50-2262.00 strong
2266.00-2267.00 key, sell zone
2272.00-2273.00 major


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2244.50-2243.50 key
2237.00-2236.00 strong
2230.75-2229.50
2225.50-2224.50 major


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



Good Trading,
Mike Reed

Copyright (c) 2011 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 E-Mini Futures Support and Resistance Updates 01/03/11

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

TradeStalker's

Support and Resistance Update

1 / 3 / 2011

(Published Since 1996)

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


Dateline: 5:46 pm eastern time, 1/3/2011


The ES gapped up almost 6 points over the Friday high and
kept going in trend up mode until around 11:40am. The ES
made it to updated resistance at 1272.50 and then the ES
stalled and churned between 1271.25 and 1269.75 new support
going into the afternoon. After the 1269.75 level broke it
turned into resistance and the ES backed off to 1264.50, a
level seen in the first 15 minutes of trading, just before
settlement.

The ES was unable to hold over 1270 and now a test of the
Monday highs will set up a very good shorting opportunity.
The market broke its range on a closing basis, but the big
open left a gap on the daily, weekly, monthly, and yearly
charts so far. Odds are pretty good that we revisit that
area on a pullback fairly soon.

We get the FOMC Minutes at 2pm on Tuesday. If nothing else
it should help keep the market somewhat volatile. The
futures settled under fair value so a modestly lower open is
priced in. If the market does open lower, it should give a
snap back rally of 3-4 points on the ES, and that first
decent bounce should set up a shorting opportunity then when
the upside stalls out. That will be the case as long as the
1270 area is not exceeded and held, instead of reversing as
it should if the market is going into pullback mode.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1269.25-1269.75
1272.50-1273.00
1275.50-1276.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1263.25-1262.75
1258.50-1258.00
1255.25-1254.75
1252.00-1251.25 Bookmark


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2255.00-2256.00
2260.50-2261.00
2266.00-2267.00


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2247.75-2246.75
2237.50-2236.50
2230.75-2229.50
2225.50-2224.50 Bookmark


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



Good Trading,
Mike Reed

Copyright (c) 2011 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 E-Mini Futures Support and Resistance Updates 01/02/11

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

TradeStalker's

Support and Resistance Update

1 / 2 / 2011

(Published Since 1996)

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


Dateline: 5:36 pm eastern time, 1/2/2011


The volatility picked up a bit late last week, but the
market is still spinning its wheels up here. The SP500 cash
has closed in a 3 point range between 1256.77 and 1259.78
for 7 straight days. The rallies have not been able to stick
until Friday. Lately the market has rallied early, then gets
sold off. After getting to the bottom of the range, shorts
get uncomfortable while bulls buy them back and reflex
rallies follow. However, as soon as the run up stalls,
shorts get positioned as buyers pull bids and then the
market closes with a drop to end the day. That is toppy
action, and what we got all of last week except for the last
20 minutes for futures trading on Friday.

Still, the market has refused to break down too. That's what
makes a range. A move out of this "comfort zone" should
occur soon. If there is yet another failure to break/ hold
over the 1258.00-1258.50 zone on the ES, and/or we get a
close under that 7 day range, then the market will be
changing on the short to intermediate term. Otherwise, as
long as the 1255.25-1254.75 area is held, break out higher
(that is not quickly reversed) could get the ES towards the
1262.25-1264.00 area before a pullback occurs.

On Monday we get the ISM manufacturing index 30 minutes into
trading. This has been a market mover lately, and could be
something to move the market out of this range. If there is
a pop up and the ES reverses from the 1258.50 area, or gets
over that but then quickly turns back down, then that would
set up a good reward/ risk shorting opportunity. On the
other side of the coin, the ES broke 1255 area late Friday,
and if that is held on an early dip, then the market is
still in uptrends and can try to take out the 1258.50 area.
If that isn't held, then beware that the ES bounced from the
1249.50 area twice last week. If the that area is tested
early on Monday, but gets footing and reverses back up, then
the bottom side of the range holds again and a decent snap
back bounce could occur.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1258.00-1258.50 key
1262.25-1264.00
1267.75-1268.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1255.25-1254.75 key
1252.00-1251.25
1248.75-1248.25 major
1244.75-1244.25


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2225.50-2226.50 key
2234.50-2235.50
2242.00-1243.00


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2217.00-2216.00 key
2212.50-2211.50
2207.50-2206.50 major
2201.50-2200.25


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



Good Trading,
Mike Reed

Copyright (c) 2011 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 E-Mini Futures Support and Resistance Updates 12/29/10

.................................................
TradeStalker's
Support and Resistance Update
12 / 29 / 2010
(Published Since 1996)
...............................................

Dateline: 7:03 pm eastern time, 12/29/2010

A gap up open was sold on Wednesday, starting a 1.50 point
drop on the ES from 1257.00 to 1255.50 to fill the gap on
the daily chart. A bounce to the top side of the 1257.50-
1258.50 major zone was tested 3 times in the afternoon, and
unable to clear major resistance at the 1258.50 high (where
we got swing trade short), the market rolled over and the
futures made their lows in the final minutes of trading.

We get Initial Claims before the open on Thursday, and the
Chicago PMI 15 minutes into the trading day. Then, at 10am,
we get the Pending Home Sales number. The market has been
making new 52 highs commonplace lately, but if the
indicators are right, the market might have made a short
term top on Wednesday. It will take a break and hold over
the 1258.50 level on the ES, and the NQ would also need to
break and hold over its 2235.50 resistance area, otherwise
the market will be vulnerable. Being the last day of the
year, the action could be a bit odd, but unusual action is
something often seen before a top.

On Thursday, as long as the initial support holds early
(meaning no follow through selling) then there is still a
chance for 1 last pop up, but a bounce should be used to get
into a swing trade on the short side. As stated, a move over
the 1258.50 resistance (posted on the resistance table for a
week or more) will be needed to nullify this. If I'm wrong
and 1258.50 and also 2235.50 on the NQ are exceeded, and
held on a dip (not quickly reversed) then a move towards the
1262.25-1264.00 area is possible and there would be an
outside shot of seeing the 1272-1275 area, but lets see how
the market handles that 1258.50 area first.

Lastly, Thursday is last trading day of the month and year.
We want to take this opportunity to wish you and yours all
safe and Happy New Year! We'll be back Sunday night with the
first update of 2011, my 15th year of writing these updates.

March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1
1257.50-1258.50 major
1262.25-1264.00

March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1
1255.00
1253.75-1253.00
1249.75-1248.75 strong
1244.75-1244.25 major

March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1
2234.50-2235.50 major
2239.75-2242.50

March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1
2228.50
2225.50-2224.25
2218.50-2217.75 strong
2208.50-2207.25 major

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

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 E-Mini Futures Support and Resistance Updates 12/28/10

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

TradeStalker's

Support and Resistance Update

12 / 28 / 2010

(Published Since 1996)

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


Dateline: 5:14 pm eastern time, 12/28/2010


A gap up open was sold on Tuesday, starting a 4.50 point
drop from 1256.00 to 1251.50 on the ES in the first hour of
trading. The market got it's footing and turned up, but it
took a break/ hold over 1253 to keep the upside going. That
happened shortly after 1pm and the ES went to 1255.50 to
double top before pulling back into the close.

The ES was able to bounce back on Tuesday, but the NQ topped
on the open and never made it back. With the rejection of
that resistance, again, the market is staring to lose
momentum and looks to be topping out, or is range bound at
best. In any case, the market looks to be vulnerable unless
the 1256 level is blown through without reversing back down.


On the downside, the initial support was resistance turned
support intraday on Tuesday. A move back under that support
should mean a top of some sort is in place and lower prices
are ahead. The 1249.75-1248.75 on the ES and 2218.50-2217.75
zone on the NQ both are key support areas that should be
held if the market is going to avoid trouble short term.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1255.50-1256.00
1257.50-1258.50 major
1262.25-1264.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1253.75-1253.00
1251.50
1249.75-1248.75 strong
1244.75-1244.25 major


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2228.50-2229.25
2233.50-2234.50
2237.75-2238.50 major


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2225.50-2224.25
2221.25
2218.50-2217.75
2208.50-2207.25


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

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 E-Mini Futures Support and Resistance Updates 12/27/10

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

TradeStalker's

Support and Resistance Update

12 / 27 / 2010

(Published Since 1996)

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


Dateline: 5:54 pm eastern time, 12/27/2010

The market gapped down on the open on Monday and while the
ES bounced the NQ continued going lower until about 40
minutes into trading. The ES bounced from 1247.00 to 1251.00
then found support at 1249.75 for nearly an hour. The break
over 1251 kept the trend-up move in gear to the 1253.50-
1254.00 initial fixed resistance. The ES reached 1253.75 but
the dips were small and 1252.75 turned into new trend up
support and it kept the market in rally mode until selling
started with 15 minutes left. From the 1254.25 level on the
ES and 2232.50-2333.50 zone on the NQ, the market pulled
back a bit into the close.

We get the Consumer Confidence release 30 minutes into
trading on Tuesday. It was a trend up day on Monday, but
again buyers backed off after reaching the 1254 level on the
ES and 2234 level on the NQ. Those are the resistance levels
that need to be cleared/ held to break out of the top of the
ranges and possibly get the ES to the 1257.50-1258.50 zone
(or higher if melt-up not reversed).

In order to get through those initial resistance areas, the
initial support at the 1252.75-1252.25 area on the ES needs
to be defended. If it is not held, then the trends will
reverse and a decent pullback should occur. If that is the
case, then a drop towards the 1249.75-1248.75 zone on the ES
(and also the 2220.50-2218.75 zone on the NQ) would be next.
A reversal back up from those areas would need to happen
fast if they are tested, otherwise a break down could be in
the works and confirm a double top. Finally, if there is a
drop into the last hour of trading on Tuesday, beware of a
reversal back up and especially if the NYSE Advancing issues
minus Declining issues is greater than +300. If the breadth
is negative at that time then a bounce won't stick.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1254.25-1255.00
1257.50-1258.50 major
1262.25-1264.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1252.75-1252.25 key
1249.75-1248.75 strong
1244.75-1244.25 major


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2233.50-2234.50
2237.75-2238.50 major
2244.25-1246.00


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2229.00-2228.50 key
2220.50-2218.75 strong
2214.00-2213.25 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.
*************************************************