05/08/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

5 / 8 / 2011

(Published Since 1996)

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

Dateline: 5:36 pm eastern time, 5/8/2011

Last week started with a higher open on the news that bin
Laden was killed. The market euphoria didn't last, as the
technical condition changed after the first sizable pullback
in 2 weeks occurred. By Thursday afternoon the ES reached
1325.25, which was 42 ES points off of Monday's high. The
market got oversold and rallied early on Friday, but that
failed just under 1352 on the EA before noon and the move
reversed. A 20 point drop to 1331.75 occurred before a
decent bounce, but that failed at the updated 1339.50-
1340.50 zone and fell 5.75 points into settlement.

The oversold status was pretty much erased on Friday, except
for the Vix which gave a couple of buy signals. At this
juncture it looks like we can expect the volatility to
continue. The bounces are not able to stick, so any trades
on the long side are "hit and run" trades. The short side
should still offer better opportunities until things change.
To get out of trouble for a bit, the initial resistance
areas need to be cleared and then held as support on a dip.
Lower prices are in the cards unless that happens. And
although they can catch a bid from lower prices, clearing
that initial resistance and holding, not reversing back
down, is key to take some pressure off.

On Monday look for early weakness to set up a reversal back
up in the first 20-40 minutes. If there is a higher open
instead, and the initial resistance is rejected, then that
should also reverse in the first 40 minutes. If the bounces
don't stick and the 1332.50-1331.75 area on the ES is
reached and not reversed with good buying, then a move
towards the 1323.50 level is likely yet on this leg down.
There is a gap on the daily chart (regular trading hours)
from big up open on 4/20 between that 1323.50 level and
1309.50, which was the day session high on 4/19. If there is
a bigger move lower still coming, then a drop back to fill
that gap would be key to hold or the market's bigger picture
trends change.

June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1339.50-1340.25
1343.50-1344.25
1347.75-2348.25
1351.75-1352.50


June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1332.50-1331.75
1327.50-1326.75
1323.50-1322.50
1319.50-1318.50
1310.00-1309.50


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2385.50-2386.50
2391.75-2393.25
2398.50-2399.25
2409.50-2410.50


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2368.00-2366.50
2363.50-2362.50
2356.00-2354.50
2348.50-2347.50

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

05/03/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

5 / 3 / 2011

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 5/3/2011

*NOTE: I must be away all day on Wednesday and
most of Thursday. Therefore, there will not be any
updates until Friday morning via instant message
after the Employment report. My apologies, I'd
rather be trading, believe me.*

The ES opened at initial support, bounced from 1354.25 to
1356.00, then reversed and dropped to 1352.00. That was over
the key 1351.00-1350.50 zone, and a bounce to 1357.25
stalled/ reversed. After pulling back to 1351.25, a another
bounce to test 1357.00 failed and the market rolled over
shortly after noon. It was trend down from there as the ES
went to a 1345.75 low with about 30 minutes left in stock
trading. The ES reached the 1353.50 level and backed off a
bit into the close.

The market had a back and forth day and closed just under
some resistance on Tuesday. Despite the last hour rally on
Tuesday, the upside still appears to be limited. The
downside should be limited too, as short covering/ buying
came in late Tuesday showing that the bulls have yet to give
up. The last hour mood swing should help keep the market in
a trading range before the Employment data on Friday. If it
cannot, then this market is in for that May correction
again most likely.

On Wednesday look for a higher open to be a gift shorting
opportunity, and then if the initial support areas are
tested/ reversed it could set up a buying opportunity for a
move back to test or break the early highs - if the market
is in good shape. To break down again, the 1350 area would
need to be held under after a break of that area. If the
market dips to the initial support around the 1349.75-
1349.00 area on the ES and the 2384.00-2383.50 area on the
NQ and then turns up, that should get a bounce going IF
there is a low in place. If no quick reversal, then it
breaks a wedge and a test of Tuesday's lows would be in the
cards and must hold there or go to the 1341.00-1340.50 zone
or lower (1337-1335 breakout area next) before a real rally
can begin.

June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1353.50
1356.50-1357.00
1359.00-1359.50
1362.00-1362.50
1366.50-1367.25


June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1349.75-1349.00
1346.50-1345.75
1341.00-1340.50
1337.00-1335.50 *major on ES


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2392.75
2396.75-2397.50
2407.00-2407.75
2410.00-2411.00
2414.50-2415.50


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2384.00-2383.50
2376.00-2374.50
2270.50-2368.75


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

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

05/02/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

5 / 2 / 2011

(Published Since 1996)

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


Dateline: 6:36 pm eastern time, 5/2/2011


The news that bin Laden was killed spiked the ES to the 1373
resistance on Sunday night, and it was downhill from there.
The day session started with a pop up to the 1366.00-1366.50
resistance, then promptly reversed and dropped to 1361.75. A
bounce to a token higher high was reversed at 1367.25, and
after a dip, a pop up to 1367.00 was reversed to make a 1-2-
3 top. The break of 1365.75 triggered stops/ selling and a
drop to 1356.75 followed. It coincided with 12800 on the Dow
cash and 2393.50 support on the NQ and then a bounce got in
gear. However, it failed at the 1362 level (just under
updated 1362.50 level) and a drop to 1355.50-1355.00 support
was met (1354.75 low). With just under 30 minutes left, a
bounce brought the ES back to 1358.25 and settled just under
that.

The upside should certainly be limited now that it showed
it's not a one-way street at these levels. There are buyers
trapped above, and profit taking that was missed on Monday
should occur on another decent move higher. The late
reversal off of the 1355 area on the ES saved the market
from hammering in a top. If that 1355 area is defended on a
pullback on Tuesday, then the market will avoid trouble and
have a chance to test the 1362.00-1362.50 area again before
buyers back off. If that 1355 area is not defended on a
test, then the 1351.00-1350.50 area could be a magnet before
there is a turn back to the upside.

On Tuesday expect early strength to be sold, especially if
there is a rejection of the initial resistance areas. If
that occurs, or that area is poked over and reversed, then a
test of the Monday lows is still likely. If the market gets
back there and firms up, or quickly reverses, then it sets
up a trade on the long side. However, if those initial
support areas show no signs of being bought, then we will
need a good reversal up from the 1351.00-1350.50 area to
avoid trouble on Tuesday.



June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1359.00-1359.50
1362.00-1362.50
1366.50-1367.25
1370.00
1372.00-1373.00


June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1355.00-1354.50
1351.00-1350.50
1347.75-1346.75
1341.00-1340.50


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2407.00-2407.75
2410.00-2411.00
2414.50-2415.50
2418.50
2422.75-2424.50


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2394.00-2393.00
2388.50-2387.25
2381.75-2380.50
2270.50-2368.75


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

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

05/01/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

5 / 1 / 2011

(Published Since 1996)

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


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


The ES opened higher on Friday and reached 1358.75 (1258.00-
1258.50 resistance) about 15 minutes in, then a drop to
1355.25 stalled out. That was 1 tick above the Thursday
close, then the bulls took control and a bounce back to
1358.25 followed. The ES hesitated there, but then broke
1358 and held it on a dip. That brought in more buying up to
1361.00, then the ES dropped to 1357.50 while the Dow cash
held around 12800 with just under 30 minutes left in stock
trading. The ES got back over 1358.50 and moved back to
1360.25 by the 4 pm close for stocks (while the NQ sold off
to 2402, odd!). Then, when stocks closed, the ES went on a
run up to 1363.75 just before settlement.

Since the April 18th, the market averages have closed higher
on 7 of the last 8 days. On a close to close basis the
market has gained 608.95 points on the Dow cash, 58.47
points on the SP500 cash, and 111.74 points on the Nasdaq
100 cash. The 4 pm run-up on Friday by the ES didn't have
the backing of the NQ. Still, the market reversed up from
what appears to be key areas now around 1358 on the ES and
12800 area on the Dow cash. The settlement price at 1359.75
on the ES and 2400.75 on the NQ was just the "end of month
settlement at fair value" if you are wondering, something
that should be done away with IMHO.

The daily internal gauges are somewhat overbought, but the
trends and momentum are both in favor of the bulls unless/
until those areas are broken. The last leg up was 78.66
points on the SP500 cash in 15 trading days. An equal move
would get the SP500 cash to 1383.80 by May 10th at the
latest. That appears to me the maximum for this rally leg. A
close back under the 1358 area should nullify that however.

On Monday look for early strength to be sold in the first 40
minutes at the latest. If that plays out, a pullback of
about 3-4 points on the ES should hold to keep the upside
momentum. If that occurs, another push higher should coming
and take out the early high. If that does not occur, then a
test of the 1358 area needs to be quickly reversed or else
things could be changing.



June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1364.00
1366.00-1366.50
1368.25-1368.75
1372.00-1373.00
1384-1385 *major if melt-up


June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1359.50-1358.50 [12800 Dow cash]
1355.50-1355.00
1350.25-1349.50


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2409.75
2412.50-2413.00
2417.50-2418.50
2422.75-2424.50


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2402.00-2400.50 *key
2394.50-2393.50
2388.50-2387.25


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

Copyright (c) 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.
*************************************************

04/28/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

4 / 28 / 2011

(Published Since 1996)

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


Dateline: 6:16 pm eastern time, 4/28/2011


The lower open on Thursday was bought and a move to 1354.00-
1354.50 initial resistance was sold. With double tops in
place, a drop held at 1351.50 on four tests, then got going
again on the upside. The ES reached 1355.25 then stalled out
and fell to 1351.00, which coincided with the 60 ema on 5
minute chart and 12700 on the Dow cash. A bounce to 1354.75
occurred, then another pullback to 1351.00 was reversed and
the ES started a grind higher to test the 1355.25 high. A
small dip held 1353.50 trend support, and then with 30
minutes left in stock trading the high was blasted through
and 1358.00 (1357.75-1358.25 zone) was reached in a flash. A
pullback held above 1355.50 new support and popped to
1358.50 then dropped back to 1354.25 just before settlement.

The rush up to 1358.50 resistance was enough to take out
stops, then promptly was reversed back down to end the day
on Thursday. My short term internal gauges reached very
overbought extremes, and that should keep the market from
further melt-up action on Friday. The sentiment and mood has
been very complacent, so downside could get momentum if good
support areas are broken. A break of the 1354.00-1353.50
initial support should mean that the 1350.25-1349.50 will be
seen, at the least. The ES will need to get over 1358, and
hold that on a dip, in order to avoid a move to that area or
lower.

So, on Friday look for early strength to be sold and if the
1354 area is not defended, a drop must be reversed back up
from around the 1350.25-1349.50 zone or higher. If that
doesn't occur then the 1347.50-1346.75 area is in the cards.
There should be a bounce if that is reached, but if not then
1340.50 is major well below if things turn sour. IF the
initial support holds, one last gasp bounce can occur but
then the 1358 area would be a short if a move there stalls/
reverses with a stop just a bit above.



June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1357.75-1358.25
1362.00-1362.50
1366.00-1366.50


June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1354.00-1353.50
1350.25-1349.50
1347.50-1346.75
1344.50-1344.00
1341.00-1340.25


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2408.75-2410.00
2416.75-2417.50
2422.75-2424.50


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2398.50-2397.50
2393.50-2392.50
2388.50-2387.25
2377.00-2376.50
2372.00-2370.75


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

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

04/27/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

4 / 27 / 2011

(Published Since 1996)

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


Dateline: 7:06 pm eastern time, 4/27/2011


The ES opened up at the 1345.75-1346.25 resistance, dropped
to 1343.75, then bounced to 1346.00 and reversed. That led
to a drop to 1340.50, the initial support, then turned back
up. A bounce to 1347.50 followed, then after the Fed release
at noon the ES found good support at 1344.25 on several
tests. The bulls took control and took out 1347.50 and it
held on a small dip as the ES ran through 1349.50-1350.50
easily on the way to 1354.25 with 20 minutes left in stock
trading. A small pullback held the 1350.50 level and then
the ES settled just above it.

On Thursday look for early strength to be sold in to, then
if the initial support areas are tested/reversed, that
should set up a good buying opportunity. If the initial
support is tested, and gets turned back up, then the rally
will continue.

However, if the market shows no sign of holding those
support areas, and is cut through instead, then a move
towards the 1344.50-1344.00 area should be as far as a
pullback would go if the market is still strong. As long as
that zone is held, nothing bad happens. However, if that
area is not seen as a great buying opportunity and quickly
reversed back up, then the market is under pressure and
selling bounces is then the play back towards the 1341.00-
1340.25 zone, now a major support.



June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1354.00-1354.50 *key early
1357.75-1358.25 *strong
1362.00-1362.50


June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1348.25-1347.75
1344.50-1344.00 *key
1341.00-1340.25 *major


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2412.75-2314.00 *key early
2417.75-2419.50 *strong
2427.50-2428.50


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2405.00-2404.50
2397.00-2396.25 *key
2388.50-2387.25 *major


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

Copyright (c) 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.
************************************************

04/26/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

4 / 26 / 2011

(Published Since 1996)

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


Dateline: 6:19 pm eastern time, 4/26/2011


The ES gapped up on the open on Tuesday, breaking out above
the February high, and after a dip held the 1334.50 level, a
trend up move to the 1346.25 followed. The NQ made a 1-2-3
top at 2402 while the ES broke 1344 and a pullback to
1341.50 occurred. Another move up was reversed at 1345.50 on
the ES, then again that 1344 level broke, then stayed under
that on a bounce, on the way to the 1340.50-1339.50 zone
just before the close.

On Wednesday we get the Fed decision on interest rate policy
at 2:15pm. The breakout to a new high for the year lost gas
around noon on Tuesday, and the run up to test the highs was
sold and the 1340.50 level was met just before settlement.
There should be some follow through selling early on
Wednesday, as long as the 1344 level is not broken and can
hold at/above that on a dip. Barring that, a break/hold
under 1340.50-1339.50 zone should mean that a move back
towards the 1335.00-1334.50 area is in the cards. If that
area is reached, a quick reversal back up should occur if
the market is going to avoid a bad day.

On Fed days, a trending move into the 2pm timeframe tend to
get reversed. So, beware if we get that kind of action after
the first 40 minutes or so. After the release, if it's not a
non-event, there should be a quick back and forth move and
then after about 20 minutes a trend should get in gear.
Aside from that, with the market so very complacent, heads
up if the initial support is broken and the 1335.00-1334.50
zone gets tested. A bounce from that area should be seen by
traders as a great buying opportunity and run back up
through the 1340 area easily. If that does not occur, or a
bounce then fails at/ near the 1340 area, then it will be a
first sign on a bigger picture that things are changing.



June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1343.40-1344.00
1345.75-1346.25
1349.50-1350.25


June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1340.50-1339.50
1335.00-1334.50
1330.50-1330.00
1326.50-1326.00
1324.00-1323.50


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2395.25-2396.50
2401.50-2402.50
2308.00-2409.00


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1


2382.50-2380.75
2377.00-2376.50
2372.00-2370.75
2365.50-2363.75
2358.50-2354.75



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


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

04/25/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

4 / 25 / 2011

(Published Since 1996)

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


Dateline: 6:16 pm eastern time, 4/25/2011


A higher open was sold to 1330.25 initial support, then a
bounce to the 1334.00 initial resistance was rejected twice.
The second test set up a 1-2-3 top at resistance, and then
the ES dropped 6.75 points to 1327.75 just after 11 am
eastern time. The market rallied back at a snail's pace to
1332.75, reaching the 1332.50 upside target, then turned
back down to just above 1330 before chopping and churning
into the close.

The market was very quiet and uneventful after the first 2
hours of trading on Monday. After reaching the 1334 level on
the ES, buyers backed off but the 1330 area was held all
afternoon. To get a reversal and put the market under
pressure, the 1326.50-1326.00 area would need to break, or
be tested and then fail to clear the 1330.50 area on a
bounce. Unless that happens, the market should stay away
from trouble and possibly take out that 1333.50-1334.00 zone
and try to get to/ through the 1340 level on the SP500 cash.
If the market gets to that area and then reverses back to
the downside, then another rejection of the February high
could start something going on the downside.

We get the Consumer Confidence release 30 minutes into
trading on Tuesday. Look for early weakness to set up a
trade on the long side, especially if the 1326.50-1326.00
area gets tested and reverses. If that plays out, beware of
another reversal if the upside stalls out around the 1334
area on the ES and/or 2382 area on the NQ. If the market
gets there and shows no sign of turning back down, then a
move to the 1336.00-1336.50 area would be next, and a test
of that area should be rejected if reached. If it is not
rejected, then the move could extend towards the 1339.50-
1340.50 zone on this leg up.



June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1333.50-1334.00
1336.00-1336.50
1339.50-1340.50


June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1330.50-1330.00
1326.50-1326.00
1324.00-1323.50
1320.50-1319.50


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2381.25-2382.50
2386.50-2387.25
2392.50-2394.00


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2377.00-2376.50
2372.00-2370.75
2365.50-2363.75
2358.25-2357.50


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

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

04/24/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

4 / 24 / 2011

(Published Since 1996)

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


Dateline: 5:36 pm eastern time, 4/24/2011


The market was all over the place last week. There was a
17.50 point gap down open on Monday, and a 15.75 point gap
up on Wednesday. On Friday the ES gapped up to 1333.50 and
dropped to 1328.75 (which was the Wednesday closing range)
then it bounced to 1334.00 by mid day. A pullback held
1331.00, but as stocks closed the futures dropped and
reached 1330.50 just before settlement.

After getting oversold last Tuesday, the short term internal
gauges have gone to the other side of their boundaries and
reached an overbought status. The 3 Day Thrust reached +.70
at Thursday's close, and other short term gauges are in
similar condition. The ES and SP500 cash failed the first
try to break the February high, and should back off a bit
due to "profit taking" if nothing else.

The ES filled the gap made on Thursday's open, but the NQ
still has that gap to fill at least before the market gets
its bid back. If there is follow through selling, then the
1326.50-1326.00 area on the ES and the gap area around the
2363.75-2362.50 area on the ES need to be defended, and
quickly reversed on a pullback. If those areas are not
defended, then the dynamics are changing and a deeper drop
is in store. In order to nullify this, the ES will need
another gap up open that holds the 1333.50-1334.00 area on a
dip. Unless that occurs, odds favor a pullback and possibly
a quick, sharp drop if the 1331.50 area turns into
resistance and is rejected on a bounce.



June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1333.50-1334.00
1336.00-1336.50
1339.50-1340.50


June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1330.50-1330.00
1328.50
1326.50-1326.00
1324.00-1323.50
1320.50-1319.50


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2377.75-2380.00
2386.50-2387.25
2394.50-2396.00


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2373.00-2372.00
2366.75
2363.75-2362.50
2355.25-2354.50
2348.25-2347.50


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

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

04/20/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

4 / 20 / 2011

(Published Since 1996)

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


Dateline: 6:16 pm eastern time, 4/20/2011


NOTE: This will be the last nightly update until
Sunday night due to the Good Friday Holiday.

The ES gapped up more than 15 points, and after a dip to
1323.50 updated support, they moved up to 1329.50 before
selling came in. A 4.00 point drop to the 1325.50 level was
reversed, then that pop up was reversed at 1328.75, and with
double tops across the board, the ES dropped 5.00 points to
1323.75. The market got footing then the ES chopped in a
3.00 point range for about 2 hours. A move over 1325.75 held
on a dip before a push up to 1330.50 before the close.

After the bell, earnings reports have the futures trading
higher again as this is being written. Another gap up open
could get the ES to test the February high area, and that
should bring in profit taking at the least. If that occurs,
then a pullback should hold the initial support areas, or
higher, to keep this melt-up in gear. The only way the
market gets into trouble is if a drop back to the 1325.75
area on the ES is not defended as a good buying opportunity.
That was the last transition area on the upside in the last
30 minutes on Wednesday and must hold or a high should be in
place.



June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1332.00-1332.50
1335.50-1336.25 *very strong
1338.00-1338.50
1341.50-1342.00


June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1326.50-1326.00
1324.00-1323.50
1320.50-1319.50


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2369.50-2370.50
2377.75-2378.25 *very strong
2384.50-2385.50
2391.00-2392.00


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2353.00-2352.00
2348.25-2347.50
2340.50-2338.50


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

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

04/19/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

4 / 19 / 2011

(Published Since 1996)

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


Dateline: 5:53 pm eastern time, 4/19/2011


The ES opened higher and reached 1306.25 about 15 minutes
in, then was sold down to 1301.50 where buying came in. That
1301.50 level held and I stated: "A test of the high that
reverses sets up a short with a tight stop" and the ES
bounced to 1305.75 and made a 1-2-3 top before dropping 6.00
points to 1299.75 before noon. A turn back up started there
and broke/held 1302.50, and continued to hold on the 2 point
pullbacks all the way to the 1309.50 resistance just before
the close.

After the close, earning reports have the futures trading
higher and well above the Tuesday high at 1309.50 on the ES.
If this holds up, then that closing range area should hold
on a pullback (setting up a trade on the long side) and
continue on up to test the 1315.00-1315.50 zone, and maybe a
bit more. If there is a run up to that area and it stalls
out, then a tradable pullback on the short side should set
up, especially if the VIX nose dives back to 15.32 and then
turns back up.

If the ES is not able to stay over the 1309.50-1308.75 area,
then a drop towards the 1306.50-1305.75 should be rock solid
support that is reversed fast if it's reached. That area
really shouldn't be seen if the market is still strong. So,
if there is a pullback to that area or a bit above it, that
needs to be seen as a good buying opportunity and get turned
back up, or else there is something changing short term. In
that case, bounces are then shorting opportunities to
1303.00-1302.50 and if something is really wrong then we
could possibly see the 1299.50-1298.50 area tested again.




June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1312.00-1312.50
1315.00-1315.50
1319.50-1320.50


June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1309.50-1308.75
1306.50-1305.75
1303.00-1302.50
1298.50-1298.00


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2318.75-2320.25
2324.75-2325.25
2331.25-2332.00


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2310.50-2308.75
2302.50-2301.75
2293.00-2291.75
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.
*************************************************

04/18/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

4 / 18 / 2011

(Published Since 1996)

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


Dateline: 7:01 pm eastern time, 4/18/2011


The ES gapped down 17.50 points on Monday's open and fell to
1290.25 before turning back up. After getting to 1296.75 the
ES chopped between that level on top and 1293.00 on the
bottom until finally breaking out. The 1298.25 level was
reached but then the 1294.00 new support held and another
run up took the ES to 1302.25. That was sold, but then the
key 1298 area held on a pullback and the ES pushed up to
1303.75 before pulling back to 1299 before the close.

The market made a really nice comeback on Monday, but
another "V" bottom is unlikely. Lately the market has been
coming back after getting knocked down, but the complacency
could end up leading to a day where the market goes trend
down without the "normal" rally back.

At the close the short term indicators are giving both buy
and sell signals. The Closing Trin above 1.10 for 4 straight
days is normally bullish short term. However, the Vix
reversal from that new 52 week low last Friday gave a couple
of Vix sell signals. This mixed bag usually means there is 2
sided action ahead.

On Tuesday the upside should be limited, but as long as the
ES holds the 1298 area then no damage done. However, if that
area is broken, then a bigger drop will be underway and the
1293.00-1292.50 area could be in the cards again. A move
back down there will need to get turned back up quickly or
it will be digging another hole that will be hard to get out
of short term.

On the upside, should the ES pop up to test the initial
resistance in the first 20-40 minutes, that should be sold
into so early strength sets up a shorting opportunity. If
the 1298 area holds, and then the initial resistance is cut
through without a sign of reversing, then a move towards the
1309.50-1310.25 zone wouldn't be impossible. However, that
appears to be a long shot. But, if that area is somehow
reached on Tuesday it will sold if this action is going to
be two-sided at best.



June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1303.75-1304.50
1309.50-1310.25
1314.40-1315.50
1319.50-1320.50


June 2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1298.50-1298.00
1293.00-1292.50
1290.25-1289.75
1288.00-1287.50


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2292.50-2293.00
2299.25-2300.50
2309.00-2311.00
2315.00-2316.00


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2276.50-2275.75
2261.00-2259.75
2252.00-2250.50
2246.00-2244.75


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

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

04/17/11 TradeStalker's E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

4 / 17 / 2011

(Published Since 1996)

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


Dateline: 5:36 pm eastern time, 4/17/2011


Last week the market broke the bottom of a 6 day range and
was sold off hard into mid week. The short term indicators
got very oversold, and by Thursday morning the ES had
dropped 37.50 points from the previous week's high and got
turned back up from just above the 1297.50 support. That
turned into a good low, as the market chopped higher into
Thursday's close.

On Friday, the pop open was sold at the 1313.50-1314.25
resistance and a drop to the key 1309.25-1308.50 zone
followed. The Nasdaq was a different story early, as it fell
much harder. However, bounce from the key early support at
1309.50 got going and was trend up until it stopped just
under the 1317.50 big area, and then a drop to 1310.50
followed. It looked for awhile that the high for the day was
in place, but the ES held over 1316.50 and kept going until
1319.25 was reached. A drop to the 1314.50 support area was
reversed in the last 15 minutes of stock trading and rallied
to 1319.25 just before settlement.

The short term indicators are no longer in oversold
territory, so that prop has been removed short term. The
only indicator that is at a bit of an extreme is the VIX. It
reached a new 52 week low, and the SPX/VIX ratio is higher
than at the February top. However, just one of a possible 5
VIX sell signals was given on Friday. A reversal back up
above 15.98 would be needed to give more than just one sell
signal.

The ES is in a good uptrend, and has had a good bid on dips
of 4.50-6.00 points (maximum) on the ES on the way up. The
1314.25 area on the ES and the 2300 area on the NQ will need
to hold on the next dip, or the pattern
next bounce would then be set up to fail at a lower high. If
that does occur, then expect resistance around the 1316.50-
1317.00 area on a bounce and a move back towards the next
support at the 1310.25-1309.50 area should be in the cards.
However, as long as the 1315.00-1314.25 area is held on a
dip, then the trends stay up and a test of the 1320.50-
1321.50 area is possible before buyers begin to back off and
wait for a bigger pullback to see how things act. A failure
there would set up a shorting opportunity. If that zone is
cut right through, then the 1324.75-1325.50 area could be
seen before a decent sized pullback gets in gear.



June 2011 SP futures resistance
symbols: emini = esm1 / big contract =spm1

1320.50-1321.50 *key early
1324.75-1325.50 [12400 Dow cash] *strong
1328.00-1328.50
1334.00-1336.00


June2011 SP futures support
symbols: emini = esm1 / big contract =spm1

1315.00-1314.25 *key
1310.25-1309.50
1306.00-1305.50
1302.25-1301.75


June 2011 Nasdaq futures resistance
symbols: emini = nqm1 / big contract = ndm1

2312.50-2314.00 *key early
2318.50-2320.00 *strong
2328.75-2329.50
2339.50-2342.50


June 2011 Nasdaq futures support
symbols: emini = nqm1 / big contract = ndm1

2301.00-2300.00 *key
2295.00-2294.25
2290.75-2290.00
2285.50-2284.50


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

REMINDER:

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

http://clicks.aweber.com/y/ct/?l=9vJvR&m=1a_Dlkl33QNvda&b=ze9hCS0jUFjIZaMydkTPtw


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


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