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

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

TradeStalker's

Support and Resistance Update

8 / 8 / 2011

(Published Since 1996)

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

Dateline: 7:20 pm eastern time, 8/8/2011

The ES gapped down more than 33 points on Monday, right
at the last listed support at the 1163.25-1162.50 zone,
and from just one tick under that zone the ES ran up 16
points to 1178.25 in the first 10 minutes of trading.
That bounce was sold, and a trend down move was underway.
A drop down to 1147.50 followed, and then a fast rally up
to 1167.75 occurred. That was sold also, and that trend
down move continued until dropping hard down to 1115.25
on the ES. Another good rally up to 1148.75 followed, but
that was also sold in the market rolled over again. The
move down was basically trend down to 1110.00 on the ES
while the indexes closed on their lows.

The market is obviously oversold. After all, since the
closing highs on July 19 to Monday's close, the Dow has
lost 1914.56 points and SP500 cash lost 224.34 points on
a closing basis. price indicators should be oversold with
that movement. The internal gauges sure are oversold
across the board. In fact the McClellan Oscillator
reached -442 on Monday's close, a huge extreme for that
old time indicator. Sentiment had a huge blow-up on
Monday, as the VIX jumped 50% in one day to the 48 level.

The last 11 trading days have been "sell the bounces" for
the most part, as they refuse to stick due to strong
downside momentum. It's also because all of technical
damage that has been done. There are a lot of bottom
pickers stuck long at higher prices looking to get out.
So, despite the deep oversold condition the market
*still* needs to prove itself strong before things can
begin to change. We get the Fed decision on interest rate
policy and remarks are released at 2:15PM on Tuesday. If
the Fed has a way to change things, they need to show
their cards on Tuesday.

So, look to sell bounces under the initial resistance
areas early on Tuesday. The market ended Monday on its
lows so there should be eager sellers on the first decent
bounce when it stalls out. If there is a lower open
instead then the 1102.00-1100.50 area should be key
early. If there is no sign of a reversal back up from
that area, then more damage is done. IF there is a decent
rally off a low, it should stop after moving up about 20-
22 points on the ES. If there is a better move up, then a
run-up of 39-41 points off of the low should be as far as
the upside goes before a pullback. If there is a move up
of that magnitude, then a low should be in for a bit and
a good pullback that stalls/reverses should set up a
trade on the long side for a switch.


September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1149.00-1149.50 (pivotal)
1158.00-1158.75 (strong)
1166.50-1168.50
1177.50-1178.25 (major Tuesday)
1184.50-1185.00

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1109.50-1108.50
1102.00-1100.50 (key)
1096.00-1095.50
1088.00-1086.50
???

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2110.50-2111.50 (pivotal)
2122.50-2124.00 (strong)
2147.75-2149.25
2160.50-2161.75 (major Tuesday)


September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2030.00-2028.50
2017.75-2016.75 (key)
2008.00-2006.50
1994.50-1992.50
???



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


REMINDER:

Real Time subscribers can view these updates, and also
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.

This publication's primary focus is trading the index
futures ($ES_F)and($NQ_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
************************************************

08/07/11 TradeStalker E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

8 / 7 / 2011

(Published Since 1996)

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

Dateline: 5:36 pm eastern time, 8/7/2011

It was another bad week for the bulls last week, as the
market dropped to new lows for the year. On Thursday the
market was hit the hardest, as the Dow lost over 500 points
and the S&P 500 lost 60 points. On Friday the employment
data was a bit better than expected, and the ES opened up
about 13 points, but that move was sold and after five
minutes of trading the market rolled over again. A small
bounce started around 10 AM, but that didn't stick and the
ES dropped to 1163.25 by noon. The market reversed off of
that level with some gusto and the ES rallied up to reach
1210.00 before the market flattened out. A drop back down to
1184.75 occurred until the last 30 minutes of trading, and
then the market moved higher in very choppy action into the
close.

As I stated on Thursday, expect the volatility to pick up
and we certainly had that on Friday. The ES dropped 52.25
points from its 1215.50 early high to its 1165.25 low on
Friday. From there it rallied back 46.75 points to 1210.00
before stalling out. From there, a drop of 25.25 points down
to 1184.75 occurred until about 30 minutes left in trading.
From there a relatively small bounce of 14.50 points
occurred before the market closed. That is about 140 points
of travel just counting those swings. In fact, on Friday we
had moves of almost 5 points occur on a few one minute bars,
which really shows a jittery market looking for direction.

The market is deeply oversold, and we could have another big
rally at any time. However the market has gotten to a point
where it's about turning into "the better the bounce, the
better the shorting opportunity when it fizzles" the way it
is acting. And these aren't exactly normal conditions for
the market to undergo. That is the main reason for kind of
ignoring the deeply oversold short-term indicators, and
instead going with the price action and key resistance to
break instead.

Things can change over the weekend, but it looks like the
market will avoid trouble on Monday if it can hold above the
initial support areas. If those are broken, then a drop back
down towards the 1185.50-1184.50 area could be in the cards,
and should be key support on Monday. If that area is held on
a pullback, and the market turns up, then we could have
another good rally occur from there. If that area is broken
and not quickly reversed, then the market is back under
pressure and a move towards a Friday lows could be in the
cards. On the top side, if there is a bounce that rallies up
to test the initial resistance areas (or lower) and it
stalls out, then be ready for a decent sized pullback to
occur. However, if we do get that run up to test the 1212
area on the ES, and then a pullback can hold at or above the
1208 area, then another push higher should be in the cards.
If the ES gets up to that 1212 area, but a pullback shows no
sign of holding, or quickly reversing from that area, then
the downdraft should be back in gear for a move back to test
the 1200 area or maybe the lower.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1212.00-1212.50
1219.00-1219.50
1223.25-1224.00
1228.00-1229.00 *strong


September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1193.50-1193.00
1185.50-1185.00
1179.50-1178.50
1174.00-1173.50
1168.50-1168.00
1163.25-1162.50


September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2223.50-2224.50
2238.50-2239.50
2246.50-2247.50
2262.50-2264.25 *strong


September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2184.00-2182.50
2171.00-2170.00
2158.50-2157.50
2148.00-2146.75
2134.75-2134.00
2128.75-2127.50


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

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

08/04/11 TradeStalker E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
8 / 4 / 2011
(Published Since 1996)
...............................................

Dateline: 7:56 pm eastern time, 8/4/2011

The ES open down more than 15 points on Thursday and kept
on going. A choppy trend down move two 1212.25 occurred
before noon, and then bounced back to the 1228 updated
resistance shortly before 1 PM. The market rolled back
over from there and they ES dropped to 1209.25 and then
bounced again. A little double top was made at 1219.50 on
the ES and then in the last hour the market headed down
again as they ES took out the 1200 level on the way to a
low at 1293.20 5c before the close.

The market has been oversold, but we stayed with the
downside momentum until something changed pricewise. On
Thursday the Dow lost more than 500 points and the S&P500
lost more 60 points. Prices are getting decimated as all
the bounces fail, and mostly at new dynamic resistance
areas. Right now it looks like the ES will need to get
back over the 1219.50 area and hold above that in order to
dent a downtrend on a very short-term basis.

On Friday we get the employment information before the
open. If there is going to be anything that can spark an
oversold rally, it will need to be a really good number.
If that occurs, then it's possible that we could see a
pretty good run on the upside. Even if that occurs, given
the recent damage and it being a Friday, I don't think
that a good bounce is going to stick. They could rally up
to the 1228 area and stall out, that should set up another
pullback.If a turn doesn't come from that area, then a
move up towards the 1233 area should turn the market back
if it is still weak.

If the number is not taken well on Friday morning, and the
market opens lower, then expect a reversal back up to
occur after about 60 to 90 minutes into the trading day.
If the market drops early and cannot turn around in that
timeframe, then we could be in for another bad day. If we
do get a reversal back around that timeframe, then a move
into the lunchtime trading could follow before the market
has another intraday pullback.


September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1210.50-1211.50
1219.00-1219.50
1228.00-1229.00
1234.50-1235.00

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1193.25-1192.50
1188.25-1187.50
1282.00-1181.00
trouble if broken
September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2228.50-2229.75
2246.00-2247.00
2262.50-2264.25
2274.50-2276.00

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1


2196.00-2295.00
2188.75-2188.00
2178.00-2176.50 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.
*************************************************

08/03/11 TradeStalker E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
8 / 3 / 2011
(Published Since 1996)
...............................................

Dateline: 7:36 pm eastern time, 8/3/2011

A higher open was sold on Wednesday, and after
breaking/holding under 1250.50 the ES started its move to
down to 1230.25 about an hour into trading. A decent bounce
followed, but it didn't stick and a pullback followed.
However, once the 1242.50 level was cleared/ held, the
upside gathered momentum and took the ES to 1255.50 to make
a symmetrical move before pulling back. Buyers stepped to
the plate at 1246.50 with about 90 minutes left, and a run
up to the key 1258.00 level was reached just before the
close.

The market finally showed some signs of strength on
Wednesday. Still, the market has a lot of work to do to make
much upside progress. The 1258 zone which was key support
coming into Tuesday is now the first key hurdle above the
market to get over again. If it can do that, then the next
key area would be around the 1264-1265 area on the ES. On
the downside, there doesn't look to be a whole lot of risk
of buying a decent pullback unless the Wednesday action was
a one-day wonder.

The low on Wednesday was right at 11700 on the Dow cash and
just over a key area on the ES, so Wednesday's lows should
be a key as support areas now if they drop back down there
again. The market had a lot of downside momentum as it
dropped to new lows on Wednesday, and momentum tends to make
a high or low before price does. So, we could be seeing a
pretty good rally attempt over the next few days. However,
the odds are pretty good that this will not be a "V" type of
bottom. After this bounce runs its course, a pullback to
test the Wednesday lows should be down the road.

So, look for early weakness to be bought on Thursday,
especially if the initial support is tested and held. If we
get a pullback to that area, it should be bought if the
market is still big in itself out of a hole and is in decent
shape. If that area is broken, then we have a move down
towards the next support likely coming. On the other side of
the coin, if the ES pops up to the 1258.00-1258.50 area and
is rejected, then we should see a decent pullback in the
early going. If that happens to stop around the initial
support, then we can look for the market to turn around,
giving it a set on any shorts and a good buying opportunity
for another move back to the upside.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1
1258.00-1258.50
1264.00-1364.50 *key
1271.50-1273.00
1277.50-1278.00

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1
1246.75-1246.25
1243.00-1242.50
1238.00-1237.50
1233.00-1232.50
1230.75

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1
2314.50-2315.50
2327.25-2328.50 *key
2336.50-2338.00
2348.50-2350.50

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1
2297.00-2296.00
2290.50-2289.50
2279.75-2278.50
2268.25-2266.75
2253.00

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

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

08/02/11 TradeStalker E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
8 / 2 / 2011
(Published Since 1996)
...............................................

Dateline: 7:56 pm eastern time, 8/2/2011

The ES opened lower, and turned up from the 1273.00 support
and bounced to the 1280.00 level before turning back down. A
pullback to 1273.00 then gave a bounce up to 1276.50, but
that failed and the ES dropped down to 1267.25 and made a
small bubble bottom. The ES barely got over 1270.50 (two
1271.00) but then quickly reversed and the market got hit
with more selling. The ES reached the 1258 major support
before a bounce occurred. The bounce reached at 1364.50
level and stalled out, and a drop down to test 1258
followed. Another bounce back up to 1364.50 also failed, and
the market headed lower from there. We were looking for a
lower low to be made by 3:30 PM, and that occurred as the
market continued to go trend down right into the close. The
ES reached 1246.75 in the final minutes of trading, closing
at its lowest level since April.

Off of the July rally highs the Dow cash lost 858 points,
the SP500 Cash lost 91 points, and the ES lost 95.25 points
on a closing basis. That's quite a drop over just a week and
a half. There's little doubt that the market is oversold
pricewise short-term. In addition to that, the closing Trin
was a 4.50 on Tuesday, a sign of capitulation. It also was
the 5th day in a row that the Trin closed above 1.10. Other
short term internal gauges are at deep oversold territory.
These normally set up a decent bounce. The fly in the
ointment is that the market has had a lot of technical
damage done over the last eight days, and the market has
good downside momentum. The market needs something positive
to come out to spark some buying that can stick. I'm not
sure what will bring that about on Wednesday.

The way the market acted on Tuesday, it will be a surprise
if there is not follow-through selling. If there is follow-
through selling, then the 1244.00-1243.50 area needs to
hold, or be quickly reversed if broken, if there is going to
be a snap back rally in the early going. If that doesn't
occur from that zone, then we could drop down to that
1238.50-1237.50 area if there is some more "get me out" type
of selling. On the other side of the coin, if there isn't
follow-through selling early, but instead the market pops up
on the open, then that should set up another shorting
opportunity, especially if the ES moves up to tag the
initial resistance area and then reverses back down.

After the early action, stay updated via instant message.
Many are not using this service, which comes at no extra
cost with your subscription. We have been able to pinpoint a
good number of bounce highs and short-term bottoms that
can't be acted upon unless it's by instant message. All you
need to do is log-in at this link:
http://www.tradestalker.com/RBIchat.htm
Aside from that, I will try to send three intra-day updates
to the member site during the day.


September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1258.00-1258.50
1264.00-1364.50 *key
1271.50-1273.00 *major Wednesday

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1246.75
1244.00-1243.50 *key early
1238.50-1237.50 *strong
1233.00-1232.00
1228.00-1227.50 *major

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2302.75-2303.25
2316.25-2317.00 *key
2327.25-2328.50 *major Wednesday

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2285.75
2282.75-2282.00 *key early
2270.00-2269.00 *strong
2262.50-2260.50
2250.75-2248.50 *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.
*************************************************

08/01/11 TradeStalker E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
8 / 1 / 2011
(Published Since 1996)
...............................................

Dateline: 7:36 pm eastern time, 8/1/2011

The ES gapped up 15 points on the open on Monday, and from
1304.58 a 29.00 point drop down to 1275.50 followed. After
reaching that level, the first bounce to 1286.50 was sold,
and after another dip a bounce to 1285.50 was sold. The
market rolled over again and stayed in trend down mode until
reaching 1270.25 around 12:30 PM. The market turned up and
ground its way higher to 1277.00, and then a pullback to
1272.25 followed. Buying came in around 2:30 PM and the
market went into rally mode. The 1276.50 level was exceeded
and held, and they moved up to 1283.50 by 2:30 PM. The ES
pulled back to 1279.00, and then quickly reversed that
support area, before running up to the 1285.00 level in the
last 10 minutes of stock trading. A drop back down to
1276.00 occurred as the futures dropped to close about 5
points under fair value.

The market action is still poor, but there was a sign of
firming up with the rally in the last 2 hours on Monday. The
only potential plus technically was that the reversal by the
VIX gave 3 buy signals out of a possible 5 at Monday's
close. Also, the SP500 cash closed just over its 200 day
moving average. Aside from that, things are oversold but
backed out of extremes on some indicators on Monday.

On Tuesday we should see another 2 sided trading day. Early
weakness needs to stay over/ at the initial support if there
is going to be a chance for a snap-back rally attempt in the
early going. If that occurs, or there is early strength
instead, look for good resistance at the initial resistance
areas. If those are reached and not rejected, then a move
back up towards the 1288.00-1288.50 zone could be in the
cards. If that happens and then a pullback cannot hold the
1283.00-1282.50 area on a pullback, then a roll over to test
the 1277.00-1276.50 zone would be key support to avoid a
move to the 1273.00-1272.00 zone, or possibly take out
Monday's lows before reversing back up.


September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1284.50-1285.00
1288.00-1288.50 *strong
1292.00-1292.50
1297.50-1298.25

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1277.00-1276.50 *pivotal
1273.00-1272.00
1270.25-1269.50
1266.00-1265.25
1258.50-1257.50 *major in case

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2352.50-2353.50
2358.50-2360.25 *strong
2367.50-2368.50
2380.50-2382.00

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2334.75-2333.75 *pivotal
2325.50-2324.50
2320.75-2319.50
2311.75-2310.50
2296.75-2294.50 *major in case

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

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

07/31/11 TradeStalker E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

7 / 31 / 2011

(Published Since 1996)

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


Dateline: 5:36 pm eastern time, 7/31/2011


The market was hit with selling every day last week, as all
the bounces failed to stick. The market opened lower on
Monday and then the ES tested the 1340 level which had
caused problems on the Thursday and Friday before. That
level was tested again on Tuesday morning, and then it
dropped all day on Wednesday we had a big down day, with the
Dow losing almost 200 points and then on Thursday morning
the market started an oversold bounce. That fizzled out
around the lunchtime trading, and then the market sold off
into the close. On Friday the ES gapped down over 12 points
and kept going until the ES reached the 1278.50-1277.50
major support zone and the S&P 500 cash dropped just under
its 200 day moving average, and then the market turned back
up. The ES rallied to just over 1300 and then turned back
down. That pullback held at 1289.50, and then another bounce
followed. The 1297 level on the ES held the market back, and
then a symmetrical drop down to 1285.75 held and the market
firmed into the close.

Things could change on Sunday night depending on the budget
deal, but at the moment the technical indicators are getting
very oversold enough to begin looking for a decent bounce.
We have had a closing Trin above 1.10 for three days in a
row, and also the three-day thrust has closed below the -.50
"normal" oversold level for three days in a row. The
measures of up to down volume are at the extremes also. In
addition to that, the VIX closed at 25.25 on Friday. It is
on a couple of buy signals. Last, but certainly not the
least, is the fact that the ES reversed from what should be
a key area on Friday morning. That may be tested again, but
the market acted like it had a good bid down there and it
will likely be bought if it's tested, or slightly exceeded,
if there is another push down. If it doesn't, then the
market is in bigger trouble than it appears.

So, things might change before the Monday open but it looks
like a decent bounce should begin soon. Whether or not it is
sustainable will need to be judged if we do get a rally
underway. As long as the 1278 area on the ES is defended, or
better yet stays above the initial support on a pullback,
then a move back to the 1302.50-1303.00 area could be in the
cards. We have had good volatility lately, so if it is more
than that, then a move up to around the 1308 area would be
next. I would think that a fast move to that area that
stalls out should bring a pretty good, fast, pullback if the
volatility is going to continue. So, be on your toes on both
sides as we we'll likely see yet another day of two-sided
action where the bounces (no matter how impressive at the
time) still continue to fail.


Sorry, I don't have the NQ numbers for Monday. I will have
them for Tuesday however. My apologies if you trade the NQ.


September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1297.00-1298.00
1302.25-1303.00
1307.75-1308.75
1311.75-1312.50


September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1286.75-1285.75
1282.00-1281.25
1278.00-1277.25
1272.50-1272.00


September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1




September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1




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

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

07/28/11 TradeStalker E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
7 / 28 / 2011
(Published Since 1996)
...............................................

Dateline: 6:35 pm eastern time, 7/28/2011

The lower open was reversed about 15 minutes in on
Thursday, after gyrating around 1300 on the ES, and the
oversold rally started. It reversed off 1313.00, and a
test was quickly rejected, setting up a shorting
opportunity on the 123 top. The ES dropped through 1307
and held, giving the drop to 1298 as noted and reached the
next zone at 1295.00-1294.50 before firming a bit into the
close.

On Friday we get the GDP before the open, and then the
Chicago PMI 15 minutes in, and then Consumer Sentiment 25
minutes into the trading day. The market has had a rough
week this week, on the heels of last Friday's selloff. We
have quite a few oversold indicators so the worst of this
selling may be close to being over on the short-term.
Further pullback before this occurs is still likely the
way the market acted again on Thursday. However, if the
market gets low enough (especially near the 1285 area on
the S&P 500 cash, the 200 day moving average) and then
turned back up, that could be the start of a rally that is
sustainable.

So, Friday should be similar to the rest of the trading
days this week, giving us a two-sided action. If there is
early strength that stalls out, especially near the
1302.50 area early on Friday, that should set up another
trade on the short side. On the other side of the coin,
the ES did stop at the 1295 support area on Thursday. If
that is held in the first 25 minutes of trading than a pop
back up to that 1302.50 area should be in the cards.
However, if there is follow-through selling that breaks
that 1295 area, then a drop down to test the 1291.75-
1291.25 area will need to be defended to avoid seeing the
S&P 500 cash test its 200 day moving average. If the
market gets down there and shows signs of stalling out or
makes a bottoming pattern, then look for that kind of
action to set up a trade on the long side. If we get that
set up and the market rallies, it needs to have some gusto
behind it instead of being tentative and finding sellers
at the first sign of a stall. They moved back over the
1300 level from down there would be a positive for the
short-term.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1302.25-1302.75
1306.00-1307.00
1312.50-1313.00

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1295.00-1294.50
1291.75-1291.25
1286.50-1285.50
1278.50-1277.50

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2374.25-2375.25
2384.50-2385.50
2397.50-2398.25

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2365.75-2365.50
2354.00-2352.50
2344.00-2342.50
2328.00-2324.50


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

07/27/11 TradeStalker E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

7 / 27 / 2011

(Published Since 1996)

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

Dateline: 9:55 pm eastern time, 7/27/2011

The ES gapped down 5 points on Wednesday's open and didn't
look back. A drop down to 1307.25 occurred just over an
hour into trading. From there, a feeble bounce back to
1316.25 on the ES lasted until just before noon. The
market lost its steam, and rolled over again and went into
trend down mode until washing out to 1299.50 with just
over 30 minutes to trade. The activity picked up a bit at
that juncture. Buying/short covering gave a bounce back to
1304.75, but that failed and the ES dropped back to a
token lower low at 1299.25 with about 9 minutes left in
stock trading. The bounce back two 1303 also failed, and
just as stocks closed the futures dropped fast down to the
1298 .00 level. That was right at the 1298-1297 zone that
was our target for this move, but it looks like that might
need readjusted given Wednesday's action. The Dow lost
about 199 points while the S&P 500 dropped 27 points. The
Nasdaq 100 dropped a 62 points on the day.

Some of the short-term internal gauges are getting to
oversold extremes. In addition, the VIX has made quite a
move to the upside, and a reversal from these levels could
give us several VIX buy signals. This is also the best
time of the month, historically, for the market. So the
market has some things that are short-term bullish, and
will need to be made good on Thursday or the market has
some problems.

Actually, it still does have problems. When we get these
oversold extremes at lows, the market usually has one or
two days to get a good rally in gear or the bigger picture
begins to change. Right now, the market will still be
under pressure unless the ES can get back over the 1305
area and hold that on a pullback. The market is still
vulnerable unless that occurs, so if there is an early
bounce that fails near the initial resistance areas, then
the downside trend will continue. However, if the market
does take out the initial resistance and hold that on the
pullback, then the next hurdles would be around the 1311
area on the ES and the 12,400 level on the Dow cash. Those
are the key areas on the upside on Thursday.

If the market opens higher on Thursday, expect the first
bounce to fail as long as the ES does not break over the
initial resistance and hold that area. The market will
probably want to pullback a bit further on the downside
before we get any kind of sustainable buying. The way the
market acted on Wednesday, those trapped in long positions
from above will likely be looking to get out into early
strength. If that occurs, and then the market drops a bit
further and gets its footing, then we can see a decent
attempt to rally occur. On the other side of the coin, if
there is a lower open on Thursday, then look for a
reversal back up from the initial support areas (or just
below) to set up a trade on the long side. Just don't
overstay your welcome on any long trades until this market
can prove itself strong.

September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1305.00-1305.50
1310.50-1311.50 and 12400 Dow Cash
1315.75-1316.50
1321.50
1325.50-1326.00


September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1298.00-1297.25
1295.00-1294.50
1290.75-1290.25
1286.50-1285.50

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1
2367.50-2368.50
2382.50-2384.25 (12400 Dow Cash)
2395.50-2396.50
2413.50
2417.50-2418.50


September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1
2357.00-2356.00
2348.00-2346.50
2339.00-2337.50
2330.00-2328.50



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

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

07/26/11 TradeStalker E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

7 / 26 / 2011

(Published Since 1996)

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


Dateline: 7:46 pm eastern time, 7/26/2011


After a flat open, the ES sold off for the first 40
minutes and reached 1325.50 before turning back up. The
bounce off that low reached 1332.75, which was just
under our 1333 new resistance, and there was a small
reaction as ES backed off to 1329.50. Another bounce
stopped right at 1332.75 again and then a pullback to
1329.00 followed. The market held its ground and turned
back up, this time getting to 1335.00 before stalling
out. A small pullback followed, and then a bounce to a
lower high was reversed, setting up a 123 top and the
market turned back down. The pressure was on when the
ES broke under 1332 and held on bounce, and the ES
dropped back to 1325.75 and closed the day right around
the morning lows.

NOTE: I will be away in the morning on Wednesday,
and will not be able to do any intraday updates
until the early afternoon. As usual, most of the
messages will be sent via the instant message
webpage on our site.

On Tuesday we had a bit of a double top as ES turned
down from a slightly higher intraday high in the
afternoon. By the close a double bottom was formed. A
break of this 1335 on top or 1325 on bottom is needed
to out of this range. Even if that occurs, I would
expect no more than a 3 point move on the ES above
Tuesday's high or below Tuesday's low before the market
makes another turn. That unless the market wants to
unwind on the downside. Indicators are slightly
oversold, and a lower open that rehearses from around
the 1323.00-1322.50 area should set up a good trade on
the long side. If that doesn't work out for an early
trade on Wednesday, then wait for the first bounce to
run out of steam to set up a shorting opportunity. The
market still looks tentative on bounces, so unless
there is a good trend up move going (preferably from a
lower open that rehearses, or getting over 1329 and
holding) be on alert for trend reversals. It happened a
number of times on Tuesday and likely will begin on
Wednesday unless the market is breaking down.



September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1329.25-1330.00
1334.50-1335.50
1337.00-1337.50
1342.50-1343.50

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1323.00-1322.25
1319.75-1318.50
1313.00-1312.25

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2427.00-2428.00
2335.00-2436.00
2446.50-2448.50
2454.50-2456.50

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2320.00-2318.50
2411.50-2410.50
2398.25-2396.75



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

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

07/25/11 TradeStalker E-Mini Futures Support and Resistance Updates

.................................................
TradeStalker's
Support and Resistance Update
7 / 25 / 2011
(Published Since 1996)
...............................................

Dateline: 6:36 pm eastern time, 7/25/2011

The ES gapped down more than 12 points on Monday's
open, and it found a low at 1326.75 and turned up in
the first 15 minutes of trading. A trend up move, with
the slow choppy grind higher, took the ES up to 1340.25
shortly after 1PM, and then the market pulled back. The
shallow pullback was to the 1337.50 support, then
turned back up to test of the 1330.75, (and the ES
missed the high by just .50 points) setting up a 123
top right around 2:30PM. The ES dropped down to 1333.50
with 30 minutes to go, and then bounced back to the
1336 resistance area. After poking over that level by
one tick, the ES turned back down dropping to 1333.00
just before stocks closed. After stocks closed, the ES
popped up to 1337.00 and then turned back down on the
way to a low at 1333.00 before settling.

The upside certainly appears limited at this juncture.
On Tuesday we get the consumer confidence data and new
home sales number out 30 minutes into the trading day.
Technically it looks like that unless the 1337.00-
1337.50 area on the ES is exceeded early on Tuesday,
and then holds that area on a pullback, the market will
stay in a weak state. At some point however, the market
should fall far enough where a decent bounce should
occur.

That should be the case if the ES drops down to the
1328.00-1327.50 area (or especially down to the
1323.00-1322.25 area) and gets its footing by stalling
out or forming a bottom pattern. That's what it looks
like it will take to get a decent rally attempt going
on Tuesday. Monday we had two-sided action after a big
gap down open, and would expect another two-sided day
where buyers back off if the ES gets to the 1340 area,
or just a bit above that. If buying doesn't come in on
a test of lower levels (especially the 1323-1322 area)
then things will have changed short-term. Unless/until
that occurs, bounce should fail so focus should be
mostly on the short side.


September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1337.00-1337.50
1342.50-1343.50
1347.75-1348.50

September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1332.25-1331.50
1328.00-1327.50
1323.00-1322.25
1319.75-1318.50

September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2428.50-2430.00
2437.50-2438.50
2446.50-2448.50

September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2320.00-2318.50
2411.50-2410.50
2400.50-2398.75
2390.75-2389.50

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

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

07/24/11 TradeStalker E-Mini Futures Support and Resistance Updates

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

TradeStalker's

Support and Resistance Update

7 / 24 / 2011

(Published Since 1996)

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


Dateline: 5:36 pm eastern time, 7/24/2011


The market dropped last Monday, and got itself into an
oversold state, but the upside surely was more than I
thought. The ES had big days on Tuesday and Thursday,
reaching the 1343.50 level on Thursday. On Friday the market
had an "inside day" as it traded within the high and low
made on Thursday. The ES dropped from 1341.75 on the open
down to 1332.75 (which was just above the 1332.50-1331.50
support area) and got itself turned back up. However, the
rally was over by 1 PM and then the ES traded in a narrow
range going into the last hour. A 4 point drop down to
1338.50 occurred, but then the ES rallied back to the
1342.50 level again before backing off of that into
settlement.

The market has acted like it is running out of steam, with
buyers not wanting to get caught long had a top. On each dip
though, the buyers have been coming back to push prices
higher. The market had itself getting into an overbought
status but backed off of that a bit with the Friday action.
However, it's not good when the market stalls out in trades
in a narrow range when making a high for the move. Unless
the ES can get over the 1342.50-1343.50 area and stick
(giving a breakout of this range to the upside), the market
appears vulnerable for a decent pullback here.

If that resistance area is cleared, but the move is reversed
from around the 1348 area after a short covering rally
stalls out on the ES, then a drop back to the 1342 area
would be key to hold. If we get that kind of action, and the
market reverses and takes out the 1342 area to the downside,
then it will set up a topping pattern with a good amount of
downside in the cards. On the flip side, the pressure should
be on if the initial support areas are broken and not
quickly reversed, per usual of late. If we get a drop to
test that area, and buyers keep their hands in their pockets
and don't turn the market right back again, then things are
changing short-term. A drop down to the 1332.50-1331.50 area
would be next, and would be key on Monday. If that area is
not defended, or we just get a feeble bounce back towards
the 1338 area that stalls out, then a move back towards the
1328 area will likely be in the cards for a short-term
target. If that area is reached, and not turned around, then
we have a few days of downside action to contend with early
next week.

So, beware of another turn down from the 1342.50-1343.50
area on Monday. A pullback is due, and if it doesn't start
from that area, then a move up to the 1348 area is possible,
but that will likely be sold. If the 1339.00-1338.50 area is
broken, then chances are that the market is getting soft and
lower prices are ahead. If that occurs, bounces should be
sold under the 1342.50 area then on Monday.



September 2011 SP futures resistance
symbols: emini = esu1 / big contract =spu1

1342.50-1343.50
1348.00-1348.50
1353.50-1354.50


September 2011 SP futures support
symbols: emini = esu1 / big contract =spu1

1339.00-1338.50
1335.00
1332.50-1331.50
1328.00-1327.50
1323.00-1322.00


September 2011 Nasdaq futures resistance
symbols: emini = nqu1 / big contract = ndu1

2429.75-2431.50
2439.50-2440.50
2448.75-2450.25


September 2011 Nasdaq futures support
symbols: emini = nqu1 / big contract = ndu1

2420.50-2418.75
2407.50
2399.00-2398.25
2392.00-2390.75
2384.50-2382.50


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

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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