Hi Folks,
Whether you’re trading the stock market, the eminis, stock
options, stock index options, Forex, bonds, or mutual funds;
support and resistance levels are always there on the
charts, ready to be exploited by ANY TRADER who knows how.
Any trading method can be greatly improved by adding
accurate support and resistance levels. That’s because these
levels are not an invention, they are a natural part of the
markets. They exist whether you know about them or not.
I use support and resistance for entries and exits, as well
as for clues about where the market is going. Markets
change, rendering most back-tested systems obsolete after
awhile. But support and resistance trading never becomes
obsolete, because support and resistance levels are caused
by human nature. They are a natural occurrence in all liquid
markets, they always have been and they always will be.
There are basically two broad categories of Support and
Resistance:
#1. The Fixed Areas- I calculate and publish these for the
SP and Nasdaq Futures every trading night using many tools
such as Pivot numbers, Fibonacci numbers, previous highs and
lows, areas of congestion, certain moving averages, trading
channels, price symmetry and trend lines. I use multiple
time frames and always look for places on the chart where
different tools give me the same numbers. I call these
“clusters.”
#2. Dynamic Support and Resistance.
These levels come into play during the day and give
outstanding entry opportunities if you know how to trade
them. Some are based on key moving averages during trending
markets, others are based on chart formations, and still
others are calculated with the same tools I use after market
hours.
Using Support and Resistance Provides:
A- High probability knowledge of what will happen in the future.
B- Trading setups that hold their edge in all liquid markets decade after decade.
C- Logical places to exit and enter trades. Natural protection for hard stops.
My support and resistance zones used are NOT just your
standard Fibonacci or pivot numbers you might be used to. I
use other techniques as well, and combining these yields
"clusters" of intraday support and resistance that are both
powerful and amazingly accurate.
We have heard from multitudes of traders who are interested
in learning my methods of finding support and resistance. In
the past, I have only disclosed these methods to Trading
Camp attendees, and most recently to our "Live!" course
buyers.
However, we have been contacted by many traders asking if
they could purchase the "Finding Support and Resistance"
portion of the "live" course separately. So, you asked for
it...you got it!
For the next couple of weeks, we will be offering BOTH the
"Finding Support and Resistance" Tutorial, as well as the
CD-Rom audio/visual on Finding Support and Resistance for a
special discounted price.
Better Hurry though, the price will go up significantly on
May 1st...so be sure to order right away. CLICK HERE NOW!
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), (VIXY), and (DOG)
Friday, April 15, 2011
04/14/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
4 / 14 / 2011
(Published Since 1996)
...............................................
Dateline: 6:09 pm eastern time, 4/14/2011
The ES gapped down on the open and fell to 1298.25 (1297.50-
1296.50 support) and reversed and rallied to the 1308 area.
A reversal there gave a drop to 1303.25 level, which was the
opening range, and a turn back up took the ES to 1309.75
which was just over the Wednesday close, and another dip
followed. That held 1306.00 and the ES got back into rally
mode and rallied to 1313.25. That was just under the
1313.50-1314.25 initial resistance zone and the ES dropped
back to 1309.25 before the close.
We had a good reversal and oversold rally from just above
the 1297.50-1296.50 support area on the ES on Thursday. That
should be a short term low, and if so then it's possible
that this move up could last a bit longer. If that 1313.50-
1314.25 zone is not rejected, then we could go back to test
the 1317 breakdown area from last week. If that area IS
reached, then a good shorting opportunity should show again.
For now though, the market still has a lot of work to do to
undo some of the recent damage.
The initial support areas should be pivotal early, and need
to hold or be quickly reversed to keep the upside going. The
ES appears to be in a stronger position is there is more to
go on the upside. The Nasdaq was weaker than the blue chip
Dow and SP500 all day on Thursday and a test of its 2312.00-
2313.00 area should be hard to get through, and not reverse
back down. So, the 1309.25-1308.50 area on the ES will need
to be defended in the early going to get one more push on
the upside. If that occurs, be on look-out for a tradable
reversal when the upside runs out of steam and stalls out.
Buyers should get a fear of being caught buying at a high,
giving a decent pullback to trade.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1313.50-1314.25
1317.50-1318.25
1320.50-1321.00
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1309.25-1308.50
1306.00-1305.50
1303.25-1302.50
1298.25-1297.50
1292.50-1291.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2312.00-2313.00
2319.50-2320.50
2324.50-2326.00
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2298.75-2297.75
2295.00-2294.25
2290.75-2290.00
2286.00-2285.00
2278.75-2277.50
Learn how I find my nightly support and resistance zones.
Package on sale now: CLICK HERE
Good Trading,
Mike Reed
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
Support and Resistance Update
4 / 14 / 2011
(Published Since 1996)
...............................................
Dateline: 6:09 pm eastern time, 4/14/2011
The ES gapped down on the open and fell to 1298.25 (1297.50-
1296.50 support) and reversed and rallied to the 1308 area.
A reversal there gave a drop to 1303.25 level, which was the
opening range, and a turn back up took the ES to 1309.75
which was just over the Wednesday close, and another dip
followed. That held 1306.00 and the ES got back into rally
mode and rallied to 1313.25. That was just under the
1313.50-1314.25 initial resistance zone and the ES dropped
back to 1309.25 before the close.
We had a good reversal and oversold rally from just above
the 1297.50-1296.50 support area on the ES on Thursday. That
should be a short term low, and if so then it's possible
that this move up could last a bit longer. If that 1313.50-
1314.25 zone is not rejected, then we could go back to test
the 1317 breakdown area from last week. If that area IS
reached, then a good shorting opportunity should show again.
For now though, the market still has a lot of work to do to
undo some of the recent damage.
The initial support areas should be pivotal early, and need
to hold or be quickly reversed to keep the upside going. The
ES appears to be in a stronger position is there is more to
go on the upside. The Nasdaq was weaker than the blue chip
Dow and SP500 all day on Thursday and a test of its 2312.00-
2313.00 area should be hard to get through, and not reverse
back down. So, the 1309.25-1308.50 area on the ES will need
to be defended in the early going to get one more push on
the upside. If that occurs, be on look-out for a tradable
reversal when the upside runs out of steam and stalls out.
Buyers should get a fear of being caught buying at a high,
giving a decent pullback to trade.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1313.50-1314.25
1317.50-1318.25
1320.50-1321.00
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1309.25-1308.50
1306.00-1305.50
1303.25-1302.50
1298.25-1297.50
1292.50-1291.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2312.00-2313.00
2319.50-2320.50
2324.50-2326.00
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2298.75-2297.75
2295.00-2294.25
2290.75-2290.00
2286.00-2285.00
2278.75-2277.50
Learn how I find my nightly support and resistance zones.
Package on sale now: CLICK HERE
Good Trading,
Mike Reed
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.
*************************************************
04/13/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
4 / 13 / 2011
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 4/13/2011
The ES gapped up 8+ points and reversed from the 1317.00-
1317.75 zone (1317.50 high), and it was trend down to
1310.75 about 45 minutes in. A bounce back was reversed from
just over 1316, and another drop took the ES to 1305.00 to
barely break Tuesday's low. After a bounce failed at
1309.50, a pullback bounced from 1306.00 and after a bounce
a retest of 1306.00 was reversed. The break/ hold over
1308.50 kept the upside in gear, as the ES reached 1313.75
before pulling back. A test of 1313.75 reversed, and a drop
to 1308.50 support occurred into the close.
We get Initial Claims and the PPI releases before the open
on Thursday. If there is a lower open, and the ES gets to
the 1306.00-1305.00 area and turns back up, it should be the
start of another rally attempt. If that occurs, the move
will set up an even better shorting opportunity if this
action continues. A test of the 1313.50-1314.50 area should
be sold if the market is still in weak hands.
The VIX reached 16.20 intraday Wednesday, lower than it was
when the ES was at 1335, so fear is absent. If there is a
move back to the 1314 area, or possibly another test of the
1317 area and it stalls out/ reverses again, another sizable
pullback would be in the cards.
NOTE: I will be away until around noon on
Thursday. I'll update when I get back and have a
good look at what's occurred to that point.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1313.50-1314.50
1317.50-1318.25
1320.50-1321.00
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1306.00-1305.00
1300.50-1300.00
1297.50-1296.50
1292.50-1291.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2314.75-2315.75
2319.50-2320.50
2324.50-2326.00
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2297.00-2294.50
2286.00-2285.00
2278.75-2277.50
2270.50-2268.75
---------------------------
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
Support and Resistance Update
4 / 13 / 2011
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 4/13/2011
The ES gapped up 8+ points and reversed from the 1317.00-
1317.75 zone (1317.50 high), and it was trend down to
1310.75 about 45 minutes in. A bounce back was reversed from
just over 1316, and another drop took the ES to 1305.00 to
barely break Tuesday's low. After a bounce failed at
1309.50, a pullback bounced from 1306.00 and after a bounce
a retest of 1306.00 was reversed. The break/ hold over
1308.50 kept the upside in gear, as the ES reached 1313.75
before pulling back. A test of 1313.75 reversed, and a drop
to 1308.50 support occurred into the close.
We get Initial Claims and the PPI releases before the open
on Thursday. If there is a lower open, and the ES gets to
the 1306.00-1305.00 area and turns back up, it should be the
start of another rally attempt. If that occurs, the move
will set up an even better shorting opportunity if this
action continues. A test of the 1313.50-1314.50 area should
be sold if the market is still in weak hands.
The VIX reached 16.20 intraday Wednesday, lower than it was
when the ES was at 1335, so fear is absent. If there is a
move back to the 1314 area, or possibly another test of the
1317 area and it stalls out/ reverses again, another sizable
pullback would be in the cards.
NOTE: I will be away until around noon on
Thursday. I'll update when I get back and have a
good look at what's occurred to that point.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1313.50-1314.50
1317.50-1318.25
1320.50-1321.00
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1306.00-1305.00
1300.50-1300.00
1297.50-1296.50
1292.50-1291.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2314.75-2315.75
2319.50-2320.50
2324.50-2326.00
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2297.00-2294.50
2286.00-2285.00
2278.75-2277.50
2270.50-2268.75
---------------------------
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.
************************************************
Wednesday, April 13, 2011
04/12/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
4 / 12 / 2011
(Published Since 1996)
...............................................
Dateline: 7:50 pm eastern time, 4/12/2011
We had some good set-ups in a two-sided day on Tuesday. The
gap down open reversed up from the 1311.25-1310.50 support
zone on the ES, then the 1315.50 support turned into
resistance on the bounce (proof of a break-away gap), and
the ES dropped in trend down fashion to 1305.25 by 11 am. A
choppy move higher cleared/ held 1310.25 and pushed to
1314.25 on less momentum. That was reversed, and after
staying under 1312 it set up a short and a drop to 1307.25
followed. A bounce back to 1311.25 sold and the ES drifted
lower to 1307.50 just before settlement time.
On Wednesday we get Retail Sales before the open, then at 2
pm we get the Fed's Beige Book release. After spending the
better part of 2 weeks spinning its wheels, the market has
broken down. Pretty soon a decent rally will occur from this
short term oversold condition. Such a move will only set the
stage for another good sized drop however the way the market
has acted this and last week.
If there is early weakness, not more than a 4 point gap down
open, then a snap-back rally should occur so a trade on the
long side should setup early. If that plays out, don't
overstay your welcome as the trend and momentum are still in
the bear's favor. If the ES gets to the 1311.25-1311.75 zone
and stalls out, then another push lower will be in the
cards. However, if a move that holds that zone as support
after breaking over it, then we could get a run up towards
the 1314 late afternoon high area before buyers back off for
fear of being caught near a high. If there is a run up that
cuts right through that area too, then a test of the
1317.00-1317.75 former key support could occur before the
market starts to pull back again. If the ES is falls though
that 1307.50 area, and a bounce then fails at/ under 1307.50
(instead of pushing higher towards 1311.25-1311.75), then
one move push lower towards the 1300 area could occur before
the market reverses back to the upside.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1311.25-1311.75
1314.50-1315.25
1317.00-1317.75
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1307.25
1305.25-1304.50
1300.50-1300.00
1297.25-1296.50
1292.00-1290.50
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2295.00-2295.50
2302.50-2204.00
2308.50-2309.25
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2290.25
2287.50-2286.50
2282.00-2280.50
2274.25-2273.50
2265.75-2263.75
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
Support and Resistance Update
4 / 12 / 2011
(Published Since 1996)
...............................................
Dateline: 7:50 pm eastern time, 4/12/2011
We had some good set-ups in a two-sided day on Tuesday. The
gap down open reversed up from the 1311.25-1310.50 support
zone on the ES, then the 1315.50 support turned into
resistance on the bounce (proof of a break-away gap), and
the ES dropped in trend down fashion to 1305.25 by 11 am. A
choppy move higher cleared/ held 1310.25 and pushed to
1314.25 on less momentum. That was reversed, and after
staying under 1312 it set up a short and a drop to 1307.25
followed. A bounce back to 1311.25 sold and the ES drifted
lower to 1307.50 just before settlement time.
On Wednesday we get Retail Sales before the open, then at 2
pm we get the Fed's Beige Book release. After spending the
better part of 2 weeks spinning its wheels, the market has
broken down. Pretty soon a decent rally will occur from this
short term oversold condition. Such a move will only set the
stage for another good sized drop however the way the market
has acted this and last week.
If there is early weakness, not more than a 4 point gap down
open, then a snap-back rally should occur so a trade on the
long side should setup early. If that plays out, don't
overstay your welcome as the trend and momentum are still in
the bear's favor. If the ES gets to the 1311.25-1311.75 zone
and stalls out, then another push lower will be in the
cards. However, if a move that holds that zone as support
after breaking over it, then we could get a run up towards
the 1314 late afternoon high area before buyers back off for
fear of being caught near a high. If there is a run up that
cuts right through that area too, then a test of the
1317.00-1317.75 former key support could occur before the
market starts to pull back again. If the ES is falls though
that 1307.50 area, and a bounce then fails at/ under 1307.50
(instead of pushing higher towards 1311.25-1311.75), then
one move push lower towards the 1300 area could occur before
the market reverses back to the upside.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1311.25-1311.75
1314.50-1315.25
1317.00-1317.75
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1307.25
1305.25-1304.50
1300.50-1300.00
1297.25-1296.50
1292.00-1290.50
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2295.00-2295.50
2302.50-2204.00
2308.50-2309.25
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2290.25
2287.50-2286.50
2282.00-2280.50
2274.25-2273.50
2265.75-2263.75
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.
************************************************
04/11/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
4 / 11 / 2011
(Published Since 1996)
...............................................
Dateline: 6:29 pm eastern time, 4/11/2011
The ES held 1325.50 on the first dip on Monday, and then a
move towards the 1330.50-1331.00 resistance (1330.25 high)
was reversed about 25 minutes into trading and a drop to
1324.50 followed. A reversal back up to test 1328.50
resistance (reversed from 1 tick over that 1328.50
resistance) then as the Dow rolled over the ES followed and
fell to 1320.50. The ES made a little double bottom there
and bounced to 1324, but that stalled/ reversed and gave us
a drop to test the 1318.50-1317.75 zone. A reversal off
1317.00 occurred with an hour left and a bounce reached the
1320.75 break-down area just before the close.
The bigger picture internal gauges are rolling over pretty
hard, however several short term indicators are oversold.
The 3 day thrust is at -.56 and the RBI oscillator reached
an oversold condition. However, the way the market is
acting, it will take more than being oversold to get out of
trouble short term. The last hour bounce formed a rising
wedge pattern, so if the market opens higher and rejects the
initial resistance areas on Tuesday morning, then that
should be a gift shorting opportunity as a drop to test the
Monday lows would be in the cards early on. How the market
handles that test of the lows should be telling. If initial
support is not defended, then bounces are still shorting
opportunities with 1315.50-1314.75 being a target (1319.56
on SP500 cash) and the 1311.25-1310.50 a possibility before
a decent bounce occurs.
However, if there is a decent reversal from that 1317 area
on the ES, then a bounce should still fail near 1321 area.
Sentiment is way too complacent after 3 down days in a row.
The VIX dropped more than 7% as the market moved lower,
which is NOT what you want to see in a downtrend if you are
bullish. The VIX should jump if there is much more downside,
and the VIXY ETF should make a nice move if the market
begins to take a drubbing. The only way the market avoids
trouble on Tuesday is if the 1324.00-1324.50 area on the ES
is cleared, and then can stay there by holding on a
pullback. Don't hold your breath.
*I'll be away on Tuesday from 12:30 pm to near
2:30 pm, not able to update then. My apologies*
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1320.50-1321.00
1324.00-1324.50
1330.00-1330.50
1335.75-1336.25
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1317.50-1317.00
1315.50-1314.75
1311.25-1310.50
1308.50-1307.50
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2312.50-2313.00
2321.75-2322.50
2330.75-2332.00
2342.75-2344.25
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2302.50-2301.50
2298.50-2297.50
2291.25-2290.50
2284.00-2282.50
---------------------------
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
Support and Resistance Update
4 / 11 / 2011
(Published Since 1996)
...............................................
Dateline: 6:29 pm eastern time, 4/11/2011
The ES held 1325.50 on the first dip on Monday, and then a
move towards the 1330.50-1331.00 resistance (1330.25 high)
was reversed about 25 minutes into trading and a drop to
1324.50 followed. A reversal back up to test 1328.50
resistance (reversed from 1 tick over that 1328.50
resistance) then as the Dow rolled over the ES followed and
fell to 1320.50. The ES made a little double bottom there
and bounced to 1324, but that stalled/ reversed and gave us
a drop to test the 1318.50-1317.75 zone. A reversal off
1317.00 occurred with an hour left and a bounce reached the
1320.75 break-down area just before the close.
The bigger picture internal gauges are rolling over pretty
hard, however several short term indicators are oversold.
The 3 day thrust is at -.56 and the RBI oscillator reached
an oversold condition. However, the way the market is
acting, it will take more than being oversold to get out of
trouble short term. The last hour bounce formed a rising
wedge pattern, so if the market opens higher and rejects the
initial resistance areas on Tuesday morning, then that
should be a gift shorting opportunity as a drop to test the
Monday lows would be in the cards early on. How the market
handles that test of the lows should be telling. If initial
support is not defended, then bounces are still shorting
opportunities with 1315.50-1314.75 being a target (1319.56
on SP500 cash) and the 1311.25-1310.50 a possibility before
a decent bounce occurs.
However, if there is a decent reversal from that 1317 area
on the ES, then a bounce should still fail near 1321 area.
Sentiment is way too complacent after 3 down days in a row.
The VIX dropped more than 7% as the market moved lower,
which is NOT what you want to see in a downtrend if you are
bullish. The VIX should jump if there is much more downside,
and the VIXY ETF should make a nice move if the market
begins to take a drubbing. The only way the market avoids
trouble on Tuesday is if the 1324.00-1324.50 area on the ES
is cleared, and then can stay there by holding on a
pullback. Don't hold your breath.
*I'll be away on Tuesday from 12:30 pm to near
2:30 pm, not able to update then. My apologies*
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1320.50-1321.00
1324.00-1324.50
1330.00-1330.50
1335.75-1336.25
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1317.50-1317.00
1315.50-1314.75
1311.25-1310.50
1308.50-1307.50
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2312.50-2313.00
2321.75-2322.50
2330.75-2332.00
2342.75-2344.25
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2302.50-2301.50
2298.50-2297.50
2291.25-2290.50
2284.00-2282.50
---------------------------
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.
************************************************
04/10/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
4 / 10 / 2011
(Published Since 1996)
...............................................
Dateline: 5:34 pm eastern time, 4/10/2011
On Friday the ES opened up over 6 points and tested the top
of the 6 day range at the key 1335.75-1336.25 resistance.
Once again that offered a good shorting opportunity, and
after a drop of 8.50 points to 1327.25 followed. The ES
bounced to dynamic resistance at 1330.50, and not liking it
up there the ES fell 12 more points to 1318.50 with an hour
to go in the week's trading. That was just over the gap fill
area at the 1317.75 level, and buying/ short covering took
the market back to resistance areas just before the close.
The ES had an outside day on Friday, rolling over from the
top of what was a 6 day trading range on the open, and then
rolling over even sharper when the ES failed to stay over
1330 after a small bounce. The low at 1318.50 was just above
the gap fill area, and that is the key area on a test of the
Friday lows.
The intermediate term gauges have rolled over, and the
string of 5 consecutive closes between 1332.41 and 1335.54
on the SP500 cash was broken on the downside on Friday. The
only positives to come from the action on Friday was the
rebound in the last hour (that started from just above a key
support area), and the short term internal indicators are
modestly oversold.
For now stay with shorting bounces as long as the initial
resistance is not exceeded/ held on a dip on Monday. If it
is cleared, then a move up towards the 1330.50-1331.00 area
should be sold if the market is still weak. If the initial
resistance areas are rejected, and the ES breaks the 1322
area, then a break of a rising wedge will occur and should
set up a drop to test the support around the Friday lows at
the 1318.50-1317.75 area on the ES. A test of the 1317.75
area should be key, and needs to be defended and give a 1-2-
3 pattern or double bottom reversal to avoid trouble.
Otherwise another push lower occurs and if there is no sign
of a reversal from the 1314 area, then things can begin to
unravel.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1325.50-1326.50 {12400 on Dow cash}
1330.50-1331.00
1335.75-1336.25
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1318.50-1317.75
1315.50-1314.75
1311.25-1310.50
1308.50-1307.50
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2322.75-2324.00
2332.75-2334.00
2342.75-2344.25
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2304.75-2302.50
2298.50-2297.50
2291.25-2290.50
2284.00-2282.50
---------------------------
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
Support and Resistance Update
4 / 10 / 2011
(Published Since 1996)
...............................................
Dateline: 5:34 pm eastern time, 4/10/2011
On Friday the ES opened up over 6 points and tested the top
of the 6 day range at the key 1335.75-1336.25 resistance.
Once again that offered a good shorting opportunity, and
after a drop of 8.50 points to 1327.25 followed. The ES
bounced to dynamic resistance at 1330.50, and not liking it
up there the ES fell 12 more points to 1318.50 with an hour
to go in the week's trading. That was just over the gap fill
area at the 1317.75 level, and buying/ short covering took
the market back to resistance areas just before the close.
The ES had an outside day on Friday, rolling over from the
top of what was a 6 day trading range on the open, and then
rolling over even sharper when the ES failed to stay over
1330 after a small bounce. The low at 1318.50 was just above
the gap fill area, and that is the key area on a test of the
Friday lows.
The intermediate term gauges have rolled over, and the
string of 5 consecutive closes between 1332.41 and 1335.54
on the SP500 cash was broken on the downside on Friday. The
only positives to come from the action on Friday was the
rebound in the last hour (that started from just above a key
support area), and the short term internal indicators are
modestly oversold.
For now stay with shorting bounces as long as the initial
resistance is not exceeded/ held on a dip on Monday. If it
is cleared, then a move up towards the 1330.50-1331.00 area
should be sold if the market is still weak. If the initial
resistance areas are rejected, and the ES breaks the 1322
area, then a break of a rising wedge will occur and should
set up a drop to test the support around the Friday lows at
the 1318.50-1317.75 area on the ES. A test of the 1317.75
area should be key, and needs to be defended and give a 1-2-
3 pattern or double bottom reversal to avoid trouble.
Otherwise another push lower occurs and if there is no sign
of a reversal from the 1314 area, then things can begin to
unravel.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1325.50-1326.50 {12400 on Dow cash}
1330.50-1331.00
1335.75-1336.25
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1318.50-1317.75
1315.50-1314.75
1311.25-1310.50
1308.50-1307.50
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2322.75-2324.00
2332.75-2334.00
2342.75-2344.25
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2304.75-2302.50
2298.50-2297.50
2291.25-2290.50
2284.00-2282.50
---------------------------
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.
************************************************
04/07/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
4 / 7 / 2011
(Published Since 1996)
...............................................
Dateline: 7:16 pm eastern time, 4/7/2011
NOTE: Due to the kid's spring break, I will not be
doing any intraday updates on Friday. I will send
support/ resistance and a brief comment *if
possible* on Sunday night. If I'm unable to get
that done, then the next update will be on Monday
morning via instant message.
The ES opened higher on Thursday and ran up to 1335.25 (just
under 1335.75 resistance) and that reversed in the first 40
minutes, then the earthquake in Japan hit the tape and the
ES fell to 1322.25. A quick bounce failed at 1330.25, then
dropped back to test the lows. A reversal of 1323.00 was
tepid at first, then got legs when 1326 was cleared and it
kept going until getting back to the 1332.00 resistance
area. That was sold down to the 1325.00 support, and then a
trading range between 1325 and 1328 developed. A break out
of the range on the upside was met with selling when the Dow
cash tested 12400, but that dip held and the market made one
more push higher into the close.
Well, the market finally had a day with poor breadth and it
gave a trip to the bottom of a 6 day trading range on the
SP500 cash and futures. The cash index has found bottom just
above the 1325 level, and top just under the 1340 level. The
rate of change on the upside has gone flat, and it appears
odds of a break lower outweigh the odds of a breakout over
1340 and test of the February highs.
On Friday look for early strength to be sold, and then if a
pullback can hold that 1325.25-1325.00 area on the ES, we
can get another rally attempt going. That area should be
defended if the market is going to stay above the bottom of
this range. If that area is broken, then the double bottom
at 1323 is just below and is the bottom of this range. A
quick reversal back up would be needed there, or else a
break could lead to a move to the 1317.75-1317.25 area on
the ES, and/or the 1321.89-1319.45 gap on the SP500 cash. If
I'm wrong, and the ES is able to break over the 1333 area and
hold that on a dip, then a breakout to the upside occurs and
then the 1342-1343 could be in the cards short term. Don't
hold your breath.
NOTE: Due to the kids spring break, I will not be
doing any intraday updates on Friday. I will send
support/ resistance and a brief comment *if
possible* on Sunday night. If I'm unable to get
that done, then the next update will be on Monday
morning via instant message.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1329.50-1330.50
1332.50-1333.00
1335.25-1335.75
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1325.25-1325.00
1322.25-1322.00
1317.75-1317.25
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2334.00-2334.50
2339.50-2340.50
2347.50-2348.75
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2323.00-2322.25
2312.50-2311.75
2304.25-2303.50
---------------------------
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
Support and Resistance Update
4 / 7 / 2011
(Published Since 1996)
...............................................
Dateline: 7:16 pm eastern time, 4/7/2011
NOTE: Due to the kid's spring break, I will not be
doing any intraday updates on Friday. I will send
support/ resistance and a brief comment *if
possible* on Sunday night. If I'm unable to get
that done, then the next update will be on Monday
morning via instant message.
The ES opened higher on Thursday and ran up to 1335.25 (just
under 1335.75 resistance) and that reversed in the first 40
minutes, then the earthquake in Japan hit the tape and the
ES fell to 1322.25. A quick bounce failed at 1330.25, then
dropped back to test the lows. A reversal of 1323.00 was
tepid at first, then got legs when 1326 was cleared and it
kept going until getting back to the 1332.00 resistance
area. That was sold down to the 1325.00 support, and then a
trading range between 1325 and 1328 developed. A break out
of the range on the upside was met with selling when the Dow
cash tested 12400, but that dip held and the market made one
more push higher into the close.
Well, the market finally had a day with poor breadth and it
gave a trip to the bottom of a 6 day trading range on the
SP500 cash and futures. The cash index has found bottom just
above the 1325 level, and top just under the 1340 level. The
rate of change on the upside has gone flat, and it appears
odds of a break lower outweigh the odds of a breakout over
1340 and test of the February highs.
On Friday look for early strength to be sold, and then if a
pullback can hold that 1325.25-1325.00 area on the ES, we
can get another rally attempt going. That area should be
defended if the market is going to stay above the bottom of
this range. If that area is broken, then the double bottom
at 1323 is just below and is the bottom of this range. A
quick reversal back up would be needed there, or else a
break could lead to a move to the 1317.75-1317.25 area on
the ES, and/or the 1321.89-1319.45 gap on the SP500 cash. If
I'm wrong, and the ES is able to break over the 1333 area and
hold that on a dip, then a breakout to the upside occurs and
then the 1342-1343 could be in the cards short term. Don't
hold your breath.
NOTE: Due to the kids spring break, I will not be
doing any intraday updates on Friday. I will send
support/ resistance and a brief comment *if
possible* on Sunday night. If I'm unable to get
that done, then the next update will be on Monday
morning via instant message.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1329.50-1330.50
1332.50-1333.00
1335.25-1335.75
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1325.25-1325.00
1322.25-1322.00
1317.75-1317.25
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2334.00-2334.50
2339.50-2340.50
2347.50-2348.75
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2323.00-2322.25
2312.50-2311.75
2304.25-2303.50
---------------------------
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.
*************************************************
04/06/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
4 / 6 / 2011
(Published Since 1996)
...............................................
Dateline: 6:02 pm eastern time, 4/6/2011
The ES opened up almost 8 points on Wednesday and then
dropped 5 points from 1335.75 to 1330.75 before a bounce.
That bounce stopped and reversed at 1332.50 and a trend down
move to the 1326.75 Tuesday close followed. The market got
its footing and turned back up, staying with a trend line as
support on the way to 1333.00 on the ES. A little double top
formed, and again buyers backed off. That was key, and the
break of the trend line triggered more selling as ES dropped
5 points from 1333 into the close.
The market certainly is showing it's tried, and not liking
to stay over 1333 for long on the ES. On the bottom side,
the 1325.00-1324.25 area was reversed on Monday and hasn't
been tested yet. The sentiment is way too bullish given the
inability to hold on to gains. The daily range for the ES
has been less than 10 points for the last 6 days. The ranges
tend to shrink when the market is making a top. Also, the
breadth on the NYSE has been positive for 7 straight days.
If the market acts this toppy with good internals, a day
with poor internals would be a bit ugly it appears now.
On Thursday we get Initial Claims before the open. The
market is range bound, and nothing good happens on Thursday
unless the initial resistance zones are cleared, then held
on a pullback. If there is a break of the 1328 area on the
ES and/or the 12400 area on the Dow cash, then a drop to
test the 1325.00-1324.25 zone could be in the cards. That is
the bottom of this range, and will need to be quickly
reversed, otherwise a break of the range is occurring and we
should then test the 1320.00-1319.50 zone.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1332.25-1333.00
1335.75-1336.50
1337.75-1338.50
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1328.50-1327.50
1325.00-1324.25
1320.00-1319.50
1317.75
1315.50-1314.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2331.75-2332.50
2339.50-2340.50
2348.50-2350.00
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2322.50-2322.00
2313.00-2312.50
2308.75-2308.00
2302.75
2197.00-2196.50
---------------------------
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
Support and Resistance Update
4 / 6 / 2011
(Published Since 1996)
...............................................
Dateline: 6:02 pm eastern time, 4/6/2011
The ES opened up almost 8 points on Wednesday and then
dropped 5 points from 1335.75 to 1330.75 before a bounce.
That bounce stopped and reversed at 1332.50 and a trend down
move to the 1326.75 Tuesday close followed. The market got
its footing and turned back up, staying with a trend line as
support on the way to 1333.00 on the ES. A little double top
formed, and again buyers backed off. That was key, and the
break of the trend line triggered more selling as ES dropped
5 points from 1333 into the close.
The market certainly is showing it's tried, and not liking
to stay over 1333 for long on the ES. On the bottom side,
the 1325.00-1324.25 area was reversed on Monday and hasn't
been tested yet. The sentiment is way too bullish given the
inability to hold on to gains. The daily range for the ES
has been less than 10 points for the last 6 days. The ranges
tend to shrink when the market is making a top. Also, the
breadth on the NYSE has been positive for 7 straight days.
If the market acts this toppy with good internals, a day
with poor internals would be a bit ugly it appears now.
On Thursday we get Initial Claims before the open. The
market is range bound, and nothing good happens on Thursday
unless the initial resistance zones are cleared, then held
on a pullback. If there is a break of the 1328 area on the
ES and/or the 12400 area on the Dow cash, then a drop to
test the 1325.00-1324.25 zone could be in the cards. That is
the bottom of this range, and will need to be quickly
reversed, otherwise a break of the range is occurring and we
should then test the 1320.00-1319.50 zone.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1332.25-1333.00
1335.75-1336.50
1337.75-1338.50
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1328.50-1327.50
1325.00-1324.25
1320.00-1319.50
1317.75
1315.50-1314.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2331.75-2332.50
2339.50-2340.50
2348.50-2350.00
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2322.50-2322.00
2313.00-2312.50
2308.75-2308.00
2302.75
2197.00-2196.50
---------------------------
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.
*************************************************
04/05/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
4 / 5 / 2011
(Published Since 1996)
...............................................
Dateline: 6:56 pm eastern time, 4/5/2011
The ES opened down 3.50 points on Tuesday, and the 1325.00-
1324.25 key area was tested twice before the market turned
up. A trend up move held at each updated support area on the
way to a 1234.25 high on the ES and 2340 on the NQ. As noted
via Instant Message just after making its top, the move was
losing momentum on each attempt to move higher, and it set
up a short as the move was reversed when 1332.50 was broken.
That turned into resistance on a bounce as the market then
went into trend down mode. The ES dropped 7.75 points while
the weaker NQ dropped 19.75 points and ended the day just
above the lows.
Once again the 1325 area held and gave a good rally attempt.
However, ALSO once again, the rally was aborted as buyers
pull bids and longs take profits before it's too late and
they are forced out. The ES ended the day just a bit over
the key support. It doesn't look like the ideal set-up to be
a buyer, as the reward/ risk on the long side is a bit high
due to how complacent participants are currently.
That said, the market is still range bound and the upside
appears to be limited. If there is a lower open, a reversal
back up should occur if the initial support areas are held.
If that occurs it sets up another trade on the long side as
there should be shorts covering on early weakness. On the
other side of the coin, if there is a move up on the open
and the initial resistance is tested/ rejected, it should
set up a better shorting opportunity. The bounces are not
able to stick, so favor the short side as a breakdown could
be a bit nasty short term.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1330.50-1331.00
1333.75-1334.25 major
1337.75-1338.50
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1325.00-1324.25
1320.00-1319.50
1317.75
1315.50-1314.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2327.50-2329.00
2335.00-2335.50
2340.00-2342.00 major
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2320.50-2319.50
2313.00-2312.50
2308.75
2204.00-2202.00
---------------------------
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
Support and Resistance Update
4 / 5 / 2011
(Published Since 1996)
...............................................
Dateline: 6:56 pm eastern time, 4/5/2011
The ES opened down 3.50 points on Tuesday, and the 1325.00-
1324.25 key area was tested twice before the market turned
up. A trend up move held at each updated support area on the
way to a 1234.25 high on the ES and 2340 on the NQ. As noted
via Instant Message just after making its top, the move was
losing momentum on each attempt to move higher, and it set
up a short as the move was reversed when 1332.50 was broken.
That turned into resistance on a bounce as the market then
went into trend down mode. The ES dropped 7.75 points while
the weaker NQ dropped 19.75 points and ended the day just
above the lows.
Once again the 1325 area held and gave a good rally attempt.
However, ALSO once again, the rally was aborted as buyers
pull bids and longs take profits before it's too late and
they are forced out. The ES ended the day just a bit over
the key support. It doesn't look like the ideal set-up to be
a buyer, as the reward/ risk on the long side is a bit high
due to how complacent participants are currently.
That said, the market is still range bound and the upside
appears to be limited. If there is a lower open, a reversal
back up should occur if the initial support areas are held.
If that occurs it sets up another trade on the long side as
there should be shorts covering on early weakness. On the
other side of the coin, if there is a move up on the open
and the initial resistance is tested/ rejected, it should
set up a better shorting opportunity. The bounces are not
able to stick, so favor the short side as a breakdown could
be a bit nasty short term.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1330.50-1331.00
1333.75-1334.25 major
1337.75-1338.50
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1325.00-1324.25
1320.00-1319.50
1317.75
1315.50-1314.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2327.50-2329.00
2335.00-2335.50
2340.00-2342.00 major
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2320.50-2319.50
2313.00-2312.50
2308.75
2204.00-2202.00
---------------------------
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.
*************************************************
Tuesday, April 05, 2011
04/04/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
4 / 4 / 2011
(Published Since 1996)
...............................................
Dateline: 6:09 pm eastern time, 4/4/2011
The ES popped up on the open and reached the 1332.50-1333.25
resistance in the first 15 minutes of stock trading, then
turned and dropped 5.25 points to 1327.50 updated support.
The 1330.50 level on the ES and 12400 on the Dow cash acted
like a lid on the bounce and 1327.00 was tested again. A
bounce failed just 1 tick under the 1329 updated resistance,
then dropped to the 1325.00-1324.25 support. That was well
bid, and a run up to the 1327.50 new resistance followed.
That move stalled, and a drop to test the 1325.50 level on
the ES coincided with a double bottom at 2722 on the NQ and
buyers stepped to the plate in the last hour and the market
rallied back nicely into the close.
On Tuesday we get the ISM Services number 30 minutes into
stock trading, and then the Fed Minutes are released at 2pm.
The market did not like it around the 1333 area on the ES
once again, however the 1315.00-1314.25 support zone acted
as very strong support. That area was a resistance area that
turned into a breakout zone, and needs to hold to keep the
upside intact and avoid a transition back to the downside.
The market ended the day in uptrends and the futures settled
well above fair value. So, if there is early weakness it
should be seen as a buying opportunity especially if the
initial support around the 1328.50-1328.00 area on the ES is
held.
If that area is held, then a push higher to test that
1332.50-1333.25 area is still likely. That area has been
sold the last 2 days, so getting through that and holding
could be a chore. However, a move towards the 1335.75-
1336.25 area on the ES and/or 2349.50-2350.50 on the NQ
could be reached before buyers back off if the Monday highs
are cleared.
If the ES does not hold the 1328.50-1328.00 area on a
pullback, then a move back to the bottom of this range at
the 1325.00-1324.25 area on the ES should be in the cards
once again. If that zone is not defended, then a drop to at
least test the 1320.50-1319.50 area is likely before the
market tries to get turned back up.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1332.50-1333.25 key
1335.75-1336.25
1339.75-1340.25
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1328.50-1328.00 key early
1325.00-1324.25 major
1320.00-1319.50
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2342.50-2343.50 key
2349.50-2350.50
2357.75-2358.50
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2333.50-2332.50 key early
2323.00-2322.00 major
2313.00-2312.50
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.
*************************************************
TradeStalker's
Support and Resistance Update
4 / 4 / 2011
(Published Since 1996)
...............................................
Dateline: 6:09 pm eastern time, 4/4/2011
The ES popped up on the open and reached the 1332.50-1333.25
resistance in the first 15 minutes of stock trading, then
turned and dropped 5.25 points to 1327.50 updated support.
The 1330.50 level on the ES and 12400 on the Dow cash acted
like a lid on the bounce and 1327.00 was tested again. A
bounce failed just 1 tick under the 1329 updated resistance,
then dropped to the 1325.00-1324.25 support. That was well
bid, and a run up to the 1327.50 new resistance followed.
That move stalled, and a drop to test the 1325.50 level on
the ES coincided with a double bottom at 2722 on the NQ and
buyers stepped to the plate in the last hour and the market
rallied back nicely into the close.
On Tuesday we get the ISM Services number 30 minutes into
stock trading, and then the Fed Minutes are released at 2pm.
The market did not like it around the 1333 area on the ES
once again, however the 1315.00-1314.25 support zone acted
as very strong support. That area was a resistance area that
turned into a breakout zone, and needs to hold to keep the
upside intact and avoid a transition back to the downside.
The market ended the day in uptrends and the futures settled
well above fair value. So, if there is early weakness it
should be seen as a buying opportunity especially if the
initial support around the 1328.50-1328.00 area on the ES is
held.
If that area is held, then a push higher to test that
1332.50-1333.25 area is still likely. That area has been
sold the last 2 days, so getting through that and holding
could be a chore. However, a move towards the 1335.75-
1336.25 area on the ES and/or 2349.50-2350.50 on the NQ
could be reached before buyers back off if the Monday highs
are cleared.
If the ES does not hold the 1328.50-1328.00 area on a
pullback, then a move back to the bottom of this range at
the 1325.00-1324.25 area on the ES should be in the cards
once again. If that zone is not defended, then a drop to at
least test the 1320.50-1319.50 area is likely before the
market tries to get turned back up.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1332.50-1333.25 key
1335.75-1336.25
1339.75-1340.25
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1328.50-1328.00 key early
1325.00-1324.25 major
1320.00-1319.50
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2342.50-2343.50 key
2349.50-2350.50
2357.75-2358.50
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2333.50-2332.50 key early
2323.00-2322.00 major
2313.00-2312.50
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.
*************************************************
04/03/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
4 / 3 / 2011
(Published Since 1996)
...............................................
Dateline: 5:36 pm eastern time, 4/3/2011
Last Friday the ES gapped up 9 points to 1330.50, then
dropped down to test the important 1325.50 area. That was
quickly reversed and the ES went trend up to 1333.75 shortly
before noon. Buyers backed off, but the dip held the 1330.50
area and the market tried to get going on the upside.
However, a move to 1332.25 was rejected and when the 1331
level broke, so did the rising wedge pattern and the ES hit
an air-pocket and dropped to 1324.25 with an hour to go in
stock trading. A bounce failed at the updated resistance at
1328.50-1329.00 and then churned into the close.
The ES didn't like it up around the 1332-1333 area on
Friday, as longs pulled bids and took profits before they
were forced out of the exit door. That occurred on the break
of 1331 late on Friday. Those who did get stuck buying up
there should be eager to get out if those Friday highs are
seen again. Below the market however, there should be
support on a test of the Friday lows or else things are
changing short term.
On Monday, the market should be under pressure unless the
initial resistance areas are exceeded/ held and then held on
a dip. That shouldn't be the case though, as the market will
fail there and set up a good shorting opportunity if it is
weak, or going to test the Friday lows at least. If the 1325
area is broken again and not quickly reversed back up, then
odds are pretty good that a move towards the 1317.75 area
(at least) is in the works. A move to that area would need
to be reversed, as it would be a fill of a gap on the daily
chart from the March 29th-March 30th, and also retrace 50%
of the move up from 1300.25. If the ES does not turn up
quickly from a test of that area then things are changing
short term.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1328.50-1329.00
1332.50-1333.25
1335.50-1336.25
1339.75-1340.25
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1325.00-1324.25
1320.00-1319.50
1317.75
1315.50-1314.75
1312.25-1311.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2342.50-2343.50
2349.50-2350.50
2357.75-2358.00
2364.50-2366.00
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2334.00-2333.25
2227.50-2226.50
2320.50
2313.00-2312.50
2204.00-2202.00
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
Support and Resistance Update
4 / 3 / 2011
(Published Since 1996)
...............................................
Dateline: 5:36 pm eastern time, 4/3/2011
Last Friday the ES gapped up 9 points to 1330.50, then
dropped down to test the important 1325.50 area. That was
quickly reversed and the ES went trend up to 1333.75 shortly
before noon. Buyers backed off, but the dip held the 1330.50
area and the market tried to get going on the upside.
However, a move to 1332.25 was rejected and when the 1331
level broke, so did the rising wedge pattern and the ES hit
an air-pocket and dropped to 1324.25 with an hour to go in
stock trading. A bounce failed at the updated resistance at
1328.50-1329.00 and then churned into the close.
The ES didn't like it up around the 1332-1333 area on
Friday, as longs pulled bids and took profits before they
were forced out of the exit door. That occurred on the break
of 1331 late on Friday. Those who did get stuck buying up
there should be eager to get out if those Friday highs are
seen again. Below the market however, there should be
support on a test of the Friday lows or else things are
changing short term.
On Monday, the market should be under pressure unless the
initial resistance areas are exceeded/ held and then held on
a dip. That shouldn't be the case though, as the market will
fail there and set up a good shorting opportunity if it is
weak, or going to test the Friday lows at least. If the 1325
area is broken again and not quickly reversed back up, then
odds are pretty good that a move towards the 1317.75 area
(at least) is in the works. A move to that area would need
to be reversed, as it would be a fill of a gap on the daily
chart from the March 29th-March 30th, and also retrace 50%
of the move up from 1300.25. If the ES does not turn up
quickly from a test of that area then things are changing
short term.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1328.50-1329.00
1332.50-1333.25
1335.50-1336.25
1339.75-1340.25
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1325.00-1324.25
1320.00-1319.50
1317.75
1315.50-1314.75
1312.25-1311.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2342.50-2343.50
2349.50-2350.50
2357.75-2358.00
2364.50-2366.00
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2334.00-2333.25
2227.50-2226.50
2320.50
2313.00-2312.50
2204.00-2202.00
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.
************************************************
03/31/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
3 / 31 / 2011
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 3/31/2011
The market had a choppy two-sided day on Thursday, but the
ES was not able to stay over 1325 on several attempts and
finally succumbed to sellers and the Dow and SP500 closed
just above the low for the day while the Nasdaq futures
backed off from its late high at 2341.50 into the close.
On Friday we get the employment data before the open. All of
the averages had inside days on Thursday, but the 1325 area
on the ES was rejected as buyers backed off and longs took
profits. The 1328 major are was rejected on Wednesday. The
market will need to get over that 1325 area and stick, not
reverse again, to get the upside melt-up back in gear.
Another failure up there could be terminal short term as the
market is exiting its bullish bias timeframe.
On Friday the key resistance is at the 1325.00-1325.75 area
on a move higher. The market needs to run up right through
that area and only see it again on a dip (that then holds
1325) to avoid trouble, at least early. On the downside, the
1317.75 level should be key on a break of this 2 day range.
If the market gets footing there, a decent rebound is
possible. However, if that 1317.75 area does not show a sign
of turning around, then just below is the breakout area
around the 1315.50-1314.75 zone. If that area is not
reversed, then there is something changing and the market
could be in a trend down mode unless the market rallies back
up through that area and then holds it on a dip. If that
occurs, then a good move higher could be starting.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1325.00-1325.75
1327.75-1328.50 *major
1331.50-1332.50
1336.25-1338.00
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1320.00-1319.50
1317.75
1315.50-1314.75 *key
1312.25-1311.75
1309.50-1308.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2340.50-2341.00
2343.75-2344.50 *major
2351.25-2352.25
2361.25-2362.25
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2335.75-2334.75
2330.50
2227.50-2226.50 *key
2220.00-2219.00
2313.00-2312.50
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
Support and Resistance Update
3 / 31 / 2011
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 3/31/2011
The market had a choppy two-sided day on Thursday, but the
ES was not able to stay over 1325 on several attempts and
finally succumbed to sellers and the Dow and SP500 closed
just above the low for the day while the Nasdaq futures
backed off from its late high at 2341.50 into the close.
On Friday we get the employment data before the open. All of
the averages had inside days on Thursday, but the 1325 area
on the ES was rejected as buyers backed off and longs took
profits. The 1328 major are was rejected on Wednesday. The
market will need to get over that 1325 area and stick, not
reverse again, to get the upside melt-up back in gear.
Another failure up there could be terminal short term as the
market is exiting its bullish bias timeframe.
On Friday the key resistance is at the 1325.00-1325.75 area
on a move higher. The market needs to run up right through
that area and only see it again on a dip (that then holds
1325) to avoid trouble, at least early. On the downside, the
1317.75 level should be key on a break of this 2 day range.
If the market gets footing there, a decent rebound is
possible. However, if that 1317.75 area does not show a sign
of turning around, then just below is the breakout area
around the 1315.50-1314.75 zone. If that area is not
reversed, then there is something changing and the market
could be in a trend down mode unless the market rallies back
up through that area and then holds it on a dip. If that
occurs, then a good move higher could be starting.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1325.00-1325.75
1327.75-1328.50 *major
1331.50-1332.50
1336.25-1338.00
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1320.00-1319.50
1317.75
1315.50-1314.75 *key
1312.25-1311.75
1309.50-1308.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2340.50-2341.00
2343.75-2344.50 *major
2351.25-2352.25
2361.25-2362.25
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2335.75-2334.75
2330.50
2227.50-2226.50 *key
2220.00-2219.00
2313.00-2312.50
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.
*********************************************
03/30/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
3 / 30 / 2011
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 3/30/2011
The market gapped up on Wednesday and it was a trend up move
with small pullbacks until the ES reached 1327.75. That was
just under the 1328.50-1329.25 last resistance, and the
market drifted lower to 1325.00 before bouncing. That bounce
failed at 1327.00 and the rejection of that area brought in
selling as the ES dropped to 1323.00 just before the close.
On Monday the market dropped hard at the end of the day,
setting up the "normal" rally into end of month. The market
has made a good move off of the Tuesday morning lows and the
short term indicators are getting overbought at a resistance
area. From here it looks like the upside is limited, and a
trip to test the gap on the daily chart for the ES looks
possible if the initial resistance is not cleared/ held
early on Thursday. The 1328 area looks like a short term
top, or at least should be hard to hold above if it is poked
over. The initial support areas would need to be quickly
reversed, not cut right through, to make an attempt to get
back up there.
On Thursday we get Initial Claims before the open and then
the Chicago PMI 15 minutes after stocks open. It's also the
last day of the month and quarter. If the ES does pull back
to test the 1317.75-1317.25 area and gets turned back up,
then a decent bounce should occur. On the top side, if there
is a test of the 1327.75-1328.50 area on the ES and/or the
2343.25-2344.00 zone on the NQ and that move
stalls/reverses, it sets up a shorting opportunity for a
test/ break of the initial support areas which should be
pivotal on Thursday.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1324.50-1325.00
1327.75-1328.50 *major
1331.50-1332.50
1336.25-1338.00
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1323.00-1322.50
1317.75-1317.25 *gap fill
1315.50-1314.75 *key
1312.25-1311.75 *strong
1309.50-1308.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2336.00-2336.75
2343.25-2344.00 *major
2351.25-2352.25
2361.25-2362.25
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2331.75-2330.75
2324.75-2324.00 *gap fill
2220.00-2219.00 *key
2313.00-2312.50 *strong
2309.00-2308.50
---------------------------
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
Support and Resistance Update
3 / 30 / 2011
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 3/30/2011
The market gapped up on Wednesday and it was a trend up move
with small pullbacks until the ES reached 1327.75. That was
just under the 1328.50-1329.25 last resistance, and the
market drifted lower to 1325.00 before bouncing. That bounce
failed at 1327.00 and the rejection of that area brought in
selling as the ES dropped to 1323.00 just before the close.
On Monday the market dropped hard at the end of the day,
setting up the "normal" rally into end of month. The market
has made a good move off of the Tuesday morning lows and the
short term indicators are getting overbought at a resistance
area. From here it looks like the upside is limited, and a
trip to test the gap on the daily chart for the ES looks
possible if the initial resistance is not cleared/ held
early on Thursday. The 1328 area looks like a short term
top, or at least should be hard to hold above if it is poked
over. The initial support areas would need to be quickly
reversed, not cut right through, to make an attempt to get
back up there.
On Thursday we get Initial Claims before the open and then
the Chicago PMI 15 minutes after stocks open. It's also the
last day of the month and quarter. If the ES does pull back
to test the 1317.75-1317.25 area and gets turned back up,
then a decent bounce should occur. On the top side, if there
is a test of the 1327.75-1328.50 area on the ES and/or the
2343.25-2344.00 zone on the NQ and that move
stalls/reverses, it sets up a shorting opportunity for a
test/ break of the initial support areas which should be
pivotal on Thursday.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1324.50-1325.00
1327.75-1328.50 *major
1331.50-1332.50
1336.25-1338.00
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1323.00-1322.50
1317.75-1317.25 *gap fill
1315.50-1314.75 *key
1312.25-1311.75 *strong
1309.50-1308.75
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2336.00-2336.75
2343.25-2344.00 *major
2351.25-2352.25
2361.25-2362.25
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2331.75-2330.75
2324.75-2324.00 *gap fill
2220.00-2219.00 *key
2313.00-2312.50 *strong
2309.00-2308.50
---------------------------
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.
*************************************************
03/29/11 TradeStalker's E-Mini Futures Support and Resistance Updates
.................................................
TradeStalker's
Support and Resistance Update
3 / 29 / 2011
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 3/29/2011
NOTE: On Wednesday I will be away until around 11
am eastern time. The first update will be sent
around that time, or sooner hopefully.
The higher open on Tuesday was sold at the 1305.25-1306.00
initial resistance, and then the ES dropped 5 points to
1300.25 support before turning back up. The break/ hold over
1302.50 got the upside going, and the ES went into trend-up
mode until tacking on another 9.25 points and reaching
1311.75. After churning between 1311.75 on top and the
updated trend up support at 1309.50, that level was held,
and the ES moved up to 1313.50. Another dip of 1.75 points
held right at the mid-day 1311.75 high, keeping the trend up
move alive as the ES rallied to 1314.75. Another 1.75 point
pullback to 1313.00 updated support was reversed and the ES
popped up to 1317.75 just before settlement, closing the day
just over the 1315.25-1315.50 major area.
The move was trend up on Tuesday. There was just 1 pullback
that was more than 3 points on the ES after turning up from
the 1300 support area. The ES settled above the 1315 level
and posted an outside day on the upside. However, back to
back trend days are not the norm, so a 2 sided day is more
likely on Wednesday. A hold over the 1315 level will be
needed to keep the strong uptrend intact. A break of that
area would open the door for a test of the 1312.25-1311.75
area on the ES. That is as far as a pullback should go if it
is going to avoid trouble on Wednesday.
So look for early strength to be sold on Wednesday, and then
if the first pullback holds around the 1315 area the upside
can continue. A move up to the 1319.50-1320.50 should be as
far as this move goes before taking a breath and pulling
back. If a pullback to the 1315 area isn't defended, then
it's down to the 1312.25-1311.75 area and that should be key
on a pullback.
NOTE: On Wednesday I will be away until around 11
am. The first update will be sent around that
time, or sooner hopefully.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1319.50-1320.50
1324.25-1325.00
1328.50-1329.25
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1315.50-1314.75 *key
1312.25-1311.75 *strong
1309.50-1308.75
1305.25-1304.50
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2327.50-2328.50
2337.50-2338.25
2345.25-2346.25
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2220.00-2219.00 *key
2313.00-2312.50 *strong
2309.00-2308.50
2300.75-2299.50
---------------------------
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
Support and Resistance Update
3 / 29 / 2011
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 3/29/2011
NOTE: On Wednesday I will be away until around 11
am eastern time. The first update will be sent
around that time, or sooner hopefully.
The higher open on Tuesday was sold at the 1305.25-1306.00
initial resistance, and then the ES dropped 5 points to
1300.25 support before turning back up. The break/ hold over
1302.50 got the upside going, and the ES went into trend-up
mode until tacking on another 9.25 points and reaching
1311.75. After churning between 1311.75 on top and the
updated trend up support at 1309.50, that level was held,
and the ES moved up to 1313.50. Another dip of 1.75 points
held right at the mid-day 1311.75 high, keeping the trend up
move alive as the ES rallied to 1314.75. Another 1.75 point
pullback to 1313.00 updated support was reversed and the ES
popped up to 1317.75 just before settlement, closing the day
just over the 1315.25-1315.50 major area.
The move was trend up on Tuesday. There was just 1 pullback
that was more than 3 points on the ES after turning up from
the 1300 support area. The ES settled above the 1315 level
and posted an outside day on the upside. However, back to
back trend days are not the norm, so a 2 sided day is more
likely on Wednesday. A hold over the 1315 level will be
needed to keep the strong uptrend intact. A break of that
area would open the door for a test of the 1312.25-1311.75
area on the ES. That is as far as a pullback should go if it
is going to avoid trouble on Wednesday.
So look for early strength to be sold on Wednesday, and then
if the first pullback holds around the 1315 area the upside
can continue. A move up to the 1319.50-1320.50 should be as
far as this move goes before taking a breath and pulling
back. If a pullback to the 1315 area isn't defended, then
it's down to the 1312.25-1311.75 area and that should be key
on a pullback.
NOTE: On Wednesday I will be away until around 11
am. The first update will be sent around that
time, or sooner hopefully.
June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1
1319.50-1320.50
1324.25-1325.00
1328.50-1329.25
June2011 SP futures support
symbols: emini = esm1 / big contract =spm1
1315.50-1314.75 *key
1312.25-1311.75 *strong
1309.50-1308.75
1305.25-1304.50
June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1
2327.50-2328.50
2337.50-2338.25
2345.25-2346.25
June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1
2220.00-2219.00 *key
2313.00-2312.50 *strong
2309.00-2308.50
2300.75-2299.50
---------------------------
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.
*************************************************
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