TradeStalker's RBI Update 09/24/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 24 / 2009

(Published Since 1996)

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

Dateline: 6:33 pm eastern time, 9/24/2009

The market opened higher on Thursday, but the strength was
reversed from 1062.00 on the ES and it turned into a trend
down move to the 1043.25-1042.50 support zone. The ES
bounced off of 1043.75 to 1049.00, and then churned sideways
for about 2 1/2 hours. The ES broke lower to 1041.00 and
then quickly turned up, and it started a decent rebound. The
1049-1050 area was updated resistance, and the ES reached
1048.75 and backed off. Buying came in again at 1045.00 and
the ES ran back up to 1048.50 and turned down. That
triggered a 1-2-3 top and the ES dropped 5 points into the
close.

After back to back bad days for the market, a few short term
indicators are getting oversold. However, the mood certainly
has changed over the last 2 days when the talk wasn't IF but
WHEN the SP500 would reach 1100. It still looks like there
is lower to go, however there should be at least 1 decent
rally attempt (especially if early weakness is reversed from
the 1038.00-1037.25 zone) that squeezes shorts and sucks in
some early buyers before heading back down. We get the
Michigan sentiment survey 25 minutes into trading, so if
that happens in the early going then beware that a decent
bounce will set up a shorting opportunity. The 1054.50-
1055.00 area should be about as far as a counter trend
bounce should go if the market is still weak. If the market
gets up there, and doesn't back away, then a better bounce
than expected is underway. If that's the case, there still
should be reactions around the next resistance zones.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1048.50-1049.00
1054.50-1055.00
1057.25-1058.00
1064.00-1064.50


1082.00 begins gap fill
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1043.50
1041.50-1041.00
1038.00-1037.25
1031.00-1029.50


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1711.00-1711.75
1717.75-1719.25
1722.75-1724.50
1730.00-1731.00


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1698.00
1696.50-1696.00
1692.75-1692.00


December 2009 Dow futures resistance
symbols: emini = ymz9

9663-9667
9703-9706
9722-9727
9773-9777


December 2009 Dow futures support
symbols: emini = ymz9

9626
9604-9600
9571-9568

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures. 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.
*************************************************

Today's Trading Recap: 09/24/09

HOW OUR DAY WENT:

We were looking for lower prices on
Thursday and the pop up to 1062 on the ES was reversed
and it went trend down to a exact hit of the 1043.25-
1042.50 zone. The bounce from 1043.25 was reversed at
1049.00 and fell back to support again. Then in the
last update the group was reminded *again* that the 1049-
1050 zone was key. The ES made a 1-2-3 top from 1048.75
and 1048.50, then dropped 5 points to 1043.50 by the
close. More good trading opportunities for our group
with very good reward/ risk entries.

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/23/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 23 / 2009

(Published Since 1996)

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

Dateline: 6:25 pm eastern time, 9/23/2009

The ES popped up to our 1068.75-069.25 resistance on
Wednesday, and that was rejected 3 times before a drop to
the 1065.50-1065.00 support zone. An instant message was
sent telling members to cover shorts at 1065.50 or better,
and it was just 2 ticks from the early low at 1065.00. The
bounce to 1068.00 reversed, setting up a re-entry and the ES
dropped 5.75 points to 1062.25 - just 2 ticks over the
1061.75-1061.25 support - then the pre-Fed release rally
began. The 1065-1066 updated resistance gave the market some
trouble, but the market moved higher going into the Fed
release. After he Fed release the ES ran up to 1075.75 and
dropped hard. After that occurred, an instant message was
sent saying:

(Sep 23-15:01) mike: 72-73 resist, they topped if that zone
not cleared

The bounce fizzled at 1072.25 and reversed, and it was the
start a trend down move of 17 points to 1055.25 at the 4 pm
close for stocks.

The averages all made outside days, closing on their lows
after posting new highs for the year on the post release
pop. The break of the 1072 level brought on the selling, and
it was the first persistent downtrend in some time. Lately,
the market has been coming right back with a good rally.
This time it doesn't look like that will happen. The Vix
gave 2 sell signals at Wednesday's close, and some key
levels were taken out on the downside. Also, the daily chart
is nearly parabolic, and formed a wedge along the way.

It looks like a drop to the 1052.50-1052.00 area on the ES
might be a "magnet" before a chance for a rally attempt.
Still, a decent bounce will likely be sold just as soon as
the upside stalls out, as it looks like we should get
another day down before the market tries to get its rally
going again.

So, on Thursday look for shorting opportunities on the
bounces. Early weakness that reverses in the first 20
minutes might set up a bounce, but that first decent bounce
will set up a good shorting opportunity as soon as the
upside loses its momentum. A move back to the
1064.00-1064.50 area that fizzles will bring in selling if
the market is still real weak. If there is a gap down open,
then there should be pretty good resistance around the
1059.50-1060.50 area.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1064.00-1064.50
1066.75-1067.25
1071.50-1072.25
1075.00-1075.75

December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1055.75-1055.25
1052.50-1052.00
1047.25-1046.50
1043.25-1042.50

December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1732.75-1733.25
1737.25-1738.25
1748.50-1749.00
1752.50-1753.25

December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1720.75-1720.25
1716.25-1715.50
1711.50-1710.50
1702.25-1700.50

December 2009 Dow futures resistance
symbols: emini = ymz9

9754-9757
9773-9777
9836-9839
9852-9857


December 2009 Dow futures support
symbols: emini = ymz9

9682-9679
9643-9639
9602-9598
9572-9568

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com
http://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.
*************************************************

Today's Trading Recap: 09/23/09

HOW OUR DAY WENT:

We had a pop up to our 1068.75-1069.25
resistance that was rejected 3 times before a drop to the
1065.50-1065.00 support zone. An instant message was sent
telling members to cover shorts at 1065.50 or better, and
it was just 2 ticks from the early low at 1065.00. The
bounce to 1068.00 reversed, setting up a re-entry and the
ES dropped 5.75 points to 1062.25 - just 2 ticks over
the 1061.75-1061.25 support - then a rally began. The
1065-1066 updated resistance gave us another short when
the ES bounced to 1065.00 and dropped 2 points to 1063.00.
Members were told "beware of a potential double bottom"
which occurred and started a 5.75 point rally to the
1068.75 resistance by 12:30 pm. Then after he FED release
the ES ran up to 1075.75 and dropped hard. After that
occurred, an instant message was sent to members saying:

(Sep 23-15:01) mike: 72-73 resist, they topped if tht
zone not cleared

The bounce fizzled at 1072.25 and reversed, and it was
the start a trend down move of 17 points to 1055.25 at
4 pm. So, for our group it was a very good day. The
I.M. feature lets me help in a very timely fashion, and
our members are loving it!

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/22/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 22 / 2009

(Published Since 1996)

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

Dateline: 6:06 pm eastern time, 9/22/2009

The ES gapped to 1066.50 on the open on Tuesday, just under
the 1067.00-1067.50 resistance, and quickly dropped to
1061.50. The reversal back up fizzled at 1066.00, and a drop
to 1061.50 again followed. A third try also failed, but
buyers stepped in at 1064.00 and the market rallied to new
highs for the day. The ES reached 1069.50 shortly after 1
pm, and the token higher high was quickly reversed. A
pullback held at 1065.00, but the bounce from that level had
no gusto and reversed from 1067.50. A range formed as the
pullbacks held the 1065.50 level while the 1068.00 level was
a lid on the upside. A quick poke over that resistance
reversed from 1068.75, then it dropped to 1065.50 again and
then firmed into the close.

On Wednesday we get the FOMC policy decision on interest
rates around 2:15 pm eastern time. After the early going on
Tuesday, the action was not great as the market chopped
around but didn't go far either way. The ES opened and
closed at about the same price on Tuesday, meaning the
market should be near decision point on direction short
term. The Nasdaq futures (NQ) made or matched a higher high
for 13 straight days now. Also, the top side of the Tuesday
trading range was just under a new high on the SP500 cash.
If the market fails to follow through with good buying on
Wednesday, a secondary top should be forming.

The 1065.50-1065.00 area on the ES was the bottom of the
afternoon range on Tuesday. So, as long as that area is
defended, the bulls are in charge, but a decent rally will
likely set up a nice tradable pullback if it stalls out in
new high ground. If there is a trending move going into the
Fed release, odds favor a reversal shortly before the
release. After the Fed release, there normally is some quick
back-and-forth action and then the market will get a
direction and go that way until late in the day. Beware if
the ES is unable to break through the 1068.75-1069.25 zone
and hold, as it could set up a reversal from under the old
high.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1068.75-1069.25
1071.50-1072.25
1078.00-1078.75


1082.00 begins gap fill
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1065.50-1065.00
1061.75-1061.25
1057.50-1057.25
1052.50-1052.00


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1735.75-1736.75
1739.25-1740.50
1746.50-1747.25


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1731.00-1730.50
1725.75-1725.25
1719.75-1719.00
1712.50-1711.50


December 2009 Dow futures resistance
symbols: emini = ymz9

9780-9784
9812-9816
9872-9878


December 2009 Dow futures support
symbols: emini = ymz9

9756-9751
9714-9710
9685-9682
9643-9639


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2009 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.
*************************************************

Today's Trading Recap: 09/22/09

HOW OUR DAY WENT:

We came into Tuesday looking for an
early rally towards the 1067.00-1067.50 resistance /
target for a short. The ES gapped to 1066.50 on the open,
just under the 1067.00-1067.50 resistance, and quickly
dropped 5 ES points to 1061.50. A bounce from there fizzled
at 1066 and dropped 4.50 points to 1061.50 updated support
before turning back up. After reaching 1069.50 the ES
dropped 5.50 points to the 60ema on 5 minute chart and
bounced. Members were given 1065.50 for new support and
the ES went to 1065.50 at 3:15 and bounced 3.25 points
to the 1068.75 before a choppy drop into the close.

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/21/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 21 / 2009

(Published Since 1996)

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

Dateline: 6:11 pm eastern time, 9/21/2009

The market gapped down on Monday and the weakness was
reversed from the 1053.50-1052.50 support zone. A quick
bounce from 1053.00 fizzled at 1058.00 and the ES went down
to 1052.00 and again turned back up. After forming a
triangle pattern, the 1058 resistance was exceeded and held
and the ES rallied to 1061.50 before noon. The rest of the
day was a choppy range trade, but the ES was reversed on the
dips to the 1058-1057 zone and held up into the close.

The ES settled down .50 from Friday's settlement, yet there
was plenty of travel range with strength being sold and
weakness being bought. The ES had these 8 swing of 4 or more
points on Monday:

09/21/09 1053.00
09/21/09 1058.00 +5.00
09/21/09 1052.00 -6.00
09/21/09 1057.25 +5.25
09/21/09 1053.25 -4.00
09/21/09 1061.50 +8.25
09/21/09 1057.25 -4.25
09/21/09 1062.75 +5.50
09/21/09 1057.50 -5.25

That is setting the stage for a decent move soon. As long as
the 1057.50-1057.25 area on the ES holds, the bulls will be
in charge and we could rally towards the 1067.00-1067.50
zone if the pattern plays out. If that occurs early on
Tuesday, beware of a reversal if a rally reaches that zone
and stalls out. That should be a strong resistance area if
the market has enough strength to get back up there. A move
up towards that area that is reversed would set up a lower
high on the daily chart, and it could be the start of a good
sized move to the downside.

So, on Tuesday we should expect to see two-sided action. If
the market holds the initial support areas, then there is a
chance for a rally to get started in the early going,
however it should fail. If the initial support areas are
broken, and the market doesn't quickly reverse back to the
upside and hold those areas, then the pressure should be on
and a test of the 1052.50-1052.00 may be in the cards and
possibly lower before the market can firm up.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1062.25-1062.75
1064.50-1065.00
1067.00-1067.50 **key
1071.50-1072.25
1078.00-1078.75

December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1057.50-1057.25
1052.50-1052.00 **key
1050.50-1049.75
1047.50-1046.75

December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1733.00-1734.00
1736.50-1737.00
1743.50-1744.25
1749.75-1750.50
1756.50-1757.25

December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1725.75-1725.25
1719.75-1719.00
1712.50-1711.50
1704.00-1703.00

December 2009 Dow futures resistance
symbols: emini = ymz9

9741-9744
9764-9767
9784-9788
9812-9816
9878-9883

December 2009 Dow futures support
symbols: emini = ymz9

9695-9692
9665-9661
9643-9639
9602-9599

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

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

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

Today's Trading Recap: 09/21/09

HOW OUR DAY WENT:

The ES dropped to our 1053.50-1052.50
support on the open, and then it reversed and bounced
from 1053.00 to 1058.00 in about 10 minutes. Then after
the ES pushed through 1058.00, a dip held at 1058.25
and turned setting up a trade on the long side as the
ES went to 1061.50 before turning down. After a drop
an intraday update advised members:

"IF there is a bounce that stalls out around the 1060-
1061 area and it fails again, it sets up a short."

A quick reversal occurred from 1060.75, then a pullback
to 1058.00 followed. The bounce to a new high for the
day was reversed, then the 1058-1057 zone held giving
another bounce to 1061 before closing.


Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/20/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 20 / 2009

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 9/20/2009

The market gapped up on Friday and that strength was sold as
the ES fell from 1067.25 down to 1060.25 in the first 40
minutes of trading and then turned back up. That pop fizzled
at 1064.75, then the market pulled back into early
afternoon. The ES reversed from a 1059.25 low, and then
pushed over the 1062.00 level and held. The move up
continued into the last 30 minutes of stock trading, but the
ES reversed from a double top at 1067.25 then broke the 1064
level. That brought in more selling as the ES went straight
down to 1060.25 just before the close.

The market is not able to hold its gains, and should now be
in a trading range at best. The averages made inside days on
Friday, and traded in very small ranges. The way the day
ended, the market looks vulnerable as there are double tops
on the NQ and lower highs on the Dow and SP500. In order to
get out of potential trouble, the Friday afternoon highs
need to be exceeded, and not quickly reverse again. If the
SP500 closes under 1061.20 on Monday, then it is the first
sign of a change on a bigger picture basis.

On Monday we get the Leading Indicators 30 minutes into the
trading day. If the market opens lower, beware of a reversal
in the early going and then the first decent bounce should
set up a shorting opportunity. Lately, with the market
acting well, early weakness is being bought and a good rally
gets started and it would stick. So, if we get that action
early on Monday, and the market either A: doesn't reverse or
B: bounces back but fails to exceed and hold the Monday high
areas, then things are changing and a correction could begin
that lasts for at least a few days. If the market does top
out in here, and drops into September 29-30, then that could
set up another decent low.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1064.50-1065.00
1067.00-1067.50 **key
1071.50-1072.25
1078.00-1078.75


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1060.00-1059.26
1056.50-1056.00
1053.50-1052.50
1050.50-1049.75


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1724.50-1725.00
1729.50-1730.50 **key
1736.50-1737.25
1743.50-1744.25


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1719.75-1719.00
1712.50-1711.50
1704.00-1703.00


December 2009 Dow futures resistance
symbols: emini = ymz9

9764-9767
9784-9788 **key
9812-9816
9878-9883


December 2009 Dow futures support
symbols: emini = ymz9

9732-9728
9704-9701
9672-9669

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

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

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

Today's Trading Recap: 09/18/09

HOW OUR DAY WENT:

The week ended with 2-sided action
and we caught profitable trades on the long and short
side on Friday. The Instant Message room allows me to
send quick notes that fine tune trades, give additional
entry and exit points, and also give a heads-up if a
trade is setting up... more for YOU at no extra cost!

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/17/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 17 / 2009

(Published Since 1996)

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

Dateline: 6:11 pm eastern time, 9/17/2009

The market opened slightly lower and then rallied into the
10 am Philly Fed release. A quick spike up to 1071.50 on the
ES was quickly rejected, and the ES fell to the 1062.00
level. A bounce stalled and reversed from 1069.00 on the ES
and then a steady grind lower began. The ES reached 1056.25
before a reversal occurred, and the ES moved up to 1061.75.
That was just under the updated 1062.50-1063.50 zone and the
market pulled back. Buyers stepped back to the plate and the
ES was able to bounce to 1064.50 with about 30 minutes left
in stock trading. The move fizzled out and then the ES fell
to the 1060.00-1059.50 support area 5 minutes before stocks
closed. The ES reached 1059.50 and popped up 3.75 points to
1063.25 before settlement time.

On Friday we get no economic data at all, so it should be a
quiet session although "quadruple witching" may give us some
volatility. The market went both ways on Thursday, as the
NYSE breadth was negative for the first time in the last 10
trading days. The futures settled over fair value, as fear
of missing more upside is greater than fear of more on the
downside. It looks like the market could be going into a
range, or maybe even topping out if there is another run up
towards the 1070 level on the ES and it's rejected.

The market tested support at the 1060.00-1059.50 area on the
ES and turned up late on Thursday. There is not a strong
bias either way, so look to be a seller when the upside
sprints stop or stall out, as a tradable pullback should
follow. On the other side of the coin, if there is a shallow
drop, and that 1060.00-1059.50 area on the ES is held, the
market should be okay and the bulls will stay in control. If
it is not held, then the market is likely topping out but
could still mount a rally if a double bottom is made around
the 1056.50-1056.00 area. Just beware that the bounces will
likely not be able to hold, especially if the 1070 area on
the ES is tested.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1065.50-1066.00
1071.50-1072.25
1078.00-1078.75


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1060.00-1059.50
1056.50-1056.00
1053.50-1052.50
1050.50-1049.75


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1723.50-1724.50
1728.75-1730.50
1736.50-1737.25


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1717.00-1716.25
1712.50-1711.50
1704.00-1703.00


December 2009 Dow futures resistance
symbols: emini = ymz9

9759-9762
9797-9801
9848-9853


December 2009 Dow futures support
symbols: emini = ymz9

9709-9704
9692-9689
9662-9658

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

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

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

Today's Trading Recap: 09/17/09

HOW OUR DAY WENT:

We were looking for early strength
that stalled/reversed in the first 40 minutes to set
up a shorting opportunity. The ES spiked up to 1071.50
and was quickly rejected 30 minutes into the day. A
drop went right to updated support at 1062.00 and then
bounced to 1069.00 and fizzled, the "gift" second shot
at a shorting opportunity. The end of day action was
on the button as the ES went to 1060.00-1059.50 support
and then bounced 3.75 points into its settlement.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/16/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 16 / 2009

(Published Since 1996)

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

Dateline: 6:29 pm eastern time, 9/16/2009

The ES opened higher on Wednesday, but the move reversed
from just over the Tuesday high and from 1053.25 the ES
dropped 5.50 points to a 1047.75 low. That was at the 60ema
on the 5 minute chart and the ES reversed and bounced to
1053.25 again. After a pullback to 1050.00 was reversed, the
ES broke and held that 1053.50 updated support and ran up to
1060.50. Another small pullback held at 1058.50, and then
the market headed higher again. After reaching 1063.50 on
the ES, there was a small pullback and then the next pop was
rejected at 1063.75. The ES dropped 4 points to 1059.75, and
quickly turned back up at 3 pm. The move took the ES to a
new high at 1064.00 at the close.

Over the last 9 days the SP500 rallied 64 points on a
closing basis. At that pace the SP500 would reach 1100 in
the next 4 days. Given the amount of energy it took to get
this far, it would be very surprising if that occurs. The
market is due for a pullback soon, and if it pulls back too
far it could break an almost parabolic wedge pattern on the
daily chart. In addition to that, the breadth on the NYSE
has been positive for 9 straight days, which is something
that is rare. Most of the internal oscillators have also
made huge moves. For example, the McClellan Oscillator went
from extreme oversold at -230 on September 2nd to a +211 at
the Wednesday close.

There has been great momentum behind this move, so there
might be more to go on the upside before a pullback begins.
The market has been making early lows, then turning back up
and making highs late in the day. If the market does the
opposite on Thursday, and an early rally is reversed in the
first 40 minutes of trading, then things could be changing.
However, as long as the 1058.50-1058.00 area on the ES is
defended on a pullback, then the bulls are still in control.
The way the market is acting, the ES shouldn't even get down
there if the market is still strong. Beware though that if
early strength reverses, and then that 1058.50-1058.00 zone
is broken, then the trends will roll over and shorting the
bounces would then be the better odds trade. The NQ might be
a better short as it weakened late in the day while the ES
held up.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1063.75-1064.25
1067.75-1068.25
1072.50-1074.00


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1060.00
1058.50-1058.00
1053.50-1052.50
1048.75-1047.75
1044.50-1044.25
1041.50-1041.00


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1718.50-1719.25
1722.50-1723.50
1727.75-1728.50


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1716.00
1713.25-1712.50
1704.00-1703.00
1697.75-1696.50
1692.00-1691.00
1689.75-1689.00


December 2009 Dow futures resistance
symbols: emini = ymz9

9737-9741
9771-9773
9818-9821


December 2009 Dow futures support
symbols: emini = ymz9

9704
9692-9689
9652-9648
9622-9618
9592-9588
9548-9544

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

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

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

Today's Trading Recap: 09/16/09

HOW OUR DAY WENT:

We came into Wednesday expecting some
pullback, and the higher open was reversed and a drop of
5.50 points followed. Then after turning up, we adapted
and felt the market was ok as long as 1053.50 was held.
It was, and a few more opportunities also were set up
per updated support and resistance.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/15/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 15 / 2009

(Published Since 1996)

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

Dateline: 6:36 pm eastern time, 9/15/2009

We came into Tuesday looking to short early strength when
the upside fizzled, and the ES reached 1047.50 just 16
minutes into the day and then dropped to the 1038.50-1038.00
zone before the first hour was over. From the 1038.25 low,
the ES rallied to the 1049.50-1050.25 zone. A 1-2-3 top was
made off the 1050.00-1049.50 levels, and the ES dropped to
1046.25 before turning back up. That was just over the
1045.50 updated support, and then one last sprint higher
followed. The move stopped right at the 1052.00-1052.50
updated resistance, then reversed and sold off into the
close.

The market traded by the support and resistance zones again
on Tuesday. The late selloff from the 1052 level on the ES
leaves the market looking vulnerable for further weakness.
The ES made an island type of top on the daily chart. The
SP500 cash and futures are in a big rising wedge pattern, so
if sentiment shifts we could see a decent sized selloff.

On Wednesday we should get two-sided action, but nothing
good happens unless the ES can get over 1050 and hold.
Another rejection of that area would mean trouble ahead. On
the downside, the key area is still at the 1038.50-1038.00
zone on the ES, and it must hold to avoid a topping pattern.


December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1049.50
1051.50-1052.25 **strong
1058.00-1058.50

December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1044.50-1044.25
1041.50-1041.00
1038.50-1038.00 **pivotal

December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1699.50
1701.75-1702.50 **strong
1709.75-1710.50

December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1692.00-1691.00
1689.75-1689.00
1685.75-1684.50 **pivotal

December 2009 Dow futures resistance
symbols: emini = ymz9

9644
9652-9656 **strong
9711-9715

December 2009 Dow futures support
symbols: emini = ymz9

9592-9588
9548-9544
9523-9520 **pivotal

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

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

www.TradeStalker.com
http://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.
*************************************************

Today's Trading Recap: 09/15/09

HOW OUR DAY WENT:

We came into Tuesday looking to short
early strength when the upside fizzled, and the ES reached
1047.50 just 16 minutes into the day and then dropped to
the 1038.50-1038.00 zone before the first hour was over.
From the 1038.25 low, the ES rallied to the 1049.50-1050.25
zone. A 1-2-3 top was made off the 1050.00-1049.50 levels,
and the ES dropped to 1046.25 before turning back up. That
was just over the 1045.50 updated support, and then one
last sprint higher followed. The move stopped right at
the 1052.00-1052.50 updated resistance, then reversed and
sold off into the close. No fancy indicators, but knowledge
from a 27 year veteran of the market used to give the key
reaction areas consistently.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/14/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 14 / 2009

(Published Since 1996)

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

Dateline: 6:46 pm eastern time, 9/14/2009

The market gapped down on the open on Monday, and the move
was quickly reversed from 1029.50 on the ES (key support was
at the 1030.50-1030.00 area) and then rallied to 1040.00.
That was rejected, but the ES held at 1036.25 and then found
resistance at the 1038.50 level. That was a lid for about 35
minutes. Another dip held, then the 1038.50 level was broken
and held on a pullback. Then around 2 pm the market shot
higher, as the ES rallied to the next resistance area at the
1043.50-1044.00 zone. That was a lid for about an hour, but
the 1041 level held and the trend up move lasted until the
last 5 minutes of stock trading.

The market had a trend up day on Monday, with a low in the
first 5 minutes and a high in the last 5 minutes of stock
trading. The ES and NQ both made new highs for the year,
while the Dow did not. The market continues to be very
resilient, and we got the "sell early, buy the first decent
pullback" both together on the open on Monday. However moves
into new high ground have been sold initially lately, so if
the market tests the Monday highs that move will likely be
sold.

On Tuesday we get the PPI and Retail Sales before the open.
If the market opens higher, the move will set up a shorting
opportunity as soon as the upside stalls/reverses,
especially if the Monday high areas are rejected early. If
that plays out, then the market should set up a buying
opportunity IF the ES can hold the 1041.50-1041.00 zone. If
that area is broken, then a deeper drop is underway. If the
1038.50-1038.00 area is broken, and held on a bounce, then
the trends are rolling over and a drop towards the 1030.50-
1029.50 could be in the cards. The market would need to
reverse quickly from that zone, otherwise there is damage
done to the big picture uptrend.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1044.75-1045.50 **strong early
1049.50-1050.25
1054.50-1055.25


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1041.50-1041.00
1038.50-1038.00 **pivotal
1036.25
1030.50-1029.50 **Major


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1690.75-1692.00 **strong early
1696.50-1697.50
1701.75-1702.50


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1685.75-1685.00
1681.50-1680.75 **pivotal
1678.25
1672.00-1670.50 **Major


December 2009 Dow futures resistance
symbols: emini = ymz9

9569-9572 **strong early
9604-9611
9649-9653


December 2009 Dow futures support
symbols: emini = ymz9

9548-9544
9531-9528 **pivotal
9512
9468-9465 **Major

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures. 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.
*************************************************

Today's Trading Recap: 09/14/09

HOW OUR DAY WENT:

The market gapped down on the open on
Monday, and the move was quickly reversed from 1029.50 on
the ES (key support was at the 1030.50-1030.00 area) and
then rallied to 1040.00. As updated, that was rejected
and the ES pulled back. The 1038.50 level was then
broken, and held on a pullback, giving a run-up to the
next resistance at the 1043.50-1044.00 zone. That was a
lid for about an hour, but the 1041 level held per an
instant message room note, and the trend up move lasted
intil the last 5 minutes of trading, again per another
instant message room note.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/13/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 13 / 2009

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 9/13/2009


We were selling early strength on Friday, and had resistance
at the 1043.50-1044.00 zone on the ES. The ES popped up and
reached 1043.75 and fizzled, giving us a great reward/risk
shorting opportunity. The ES then dropped 10 points to
1033.50 before bouncing, which was right at initial support
at the 1034.00-1033.50 zone. I gave the 1038.00-1038.50 as
new resistance, and the bounce reached 1038.25 and turned
back down. They had a 3.25 point pullback from there, then
the ES popped up to 1039.25 and then pulled back. A run to
1040.75 was quickly reversed, then the market pulled back
into the close.

The upside flattened out on Friday, as the market had a 2
sided day with a high at a resistance zone and a low at a
support zone. The Vix reversed from a yearly low, and gave 3
sell signals of 5 on Friday. At the moment it looks like the
upside is limited, and a drop back to test the Friday lows
are in the cards. If the ES cannot avoid rejecting the 1040
area, then we should drop towards the 1030.50-1030.00 area
and test the market strength from there.

Look for the "sell early, buy the first decent pullback"
type of action to start the day on Monday. If there is some
early strength, and there is a test of the late Friday highs
that fizzles/reverses it will set up a good shorting
opportunity. If the first decent pullback can hold the
1030.50-1030.00 area in the first 30 minutes of trading, and
stall out and turn up, then a trade on the long side might
be in order. However, unless/until the 1040 area is exceeded
and held, shorting the bounces should be the better odds
trade on Monday.



December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1040.00-1040.75
1043.50-1044.00
1049.50-1050.25


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1034.00-1033.50
1030.50-1030.00
1026.50-1026.00
1023.00-1022.50


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1684.75-1685.75
1688.50-1689.25
1696.50-1697.50


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1673.00-1672.00
1667.00-1666.50
1663.00-1661.75
1658.00-1656.75


December 2009 Dow futures resistance
symbols: emini = ymz9

9559-9562
9588-9592
9642-9647


December 2009 Dow futures support
symbols: emini = ymz9

9512-9509
9468-9465
9434-9431
9403-9400


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2009 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.
*************************************************

Today's Trading Recap: 09/11/09

HOW OUR DAY WENT:

We were selling early strength, and
had resistance at the 1043.50-1044.00 zone on the ES.
The ES reached 1043.75 and fizzled, a great reward/
risk shorting opportunity. The ES then dropped 10
points to 1033.50 before bouncing, right at initial
support at the 1034.00-1033.50 zone. Members were
then given 1038.00-1038.50 as new resistance, and the
bounce reached 1038.25 and turned back down. They had
a 3.25 point pullback, and then rallied up to 1039.25
before fizzling. I sent an instant message telling
members "if 1035 holds, and 1038 exceeded, then 1039.50
can be seen on 1 more push higher and then fail." The
ES popped to 1039.25, then dipped to 1037.00 before turning
up again. The up to 1040.75 was quickly reversed per the last
of 8 intraday updates. So, we nailed today's high AND low on
the ES, and also a had a couple of low risk scalps in between.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/10/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 10 / 2009

(Published Since 1996)

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

Dateline: 6:43 pm eastern time, 9/10/2009

The ES popped up and reversed from the 1029.50-1030.00 zone
just 7 minutes after the open on Thursday, and dropped from
1029.50 to the 1023.00-1022.50 support zone. Like Wednesday,
the market turned up from support at 1023.00 in the first
hour and worked its way higher into the early afternoon. The
ES had reactions at each of the resistance areas, but also
held support areas on the pullbacks. The last resistance at
1039.75-1040.25 was tested around 2 pm, and the ES had a
decent shakeout from 1039.25 down to 1033.75 and then the
market turned back up. That was above the 1032.50 zone and
the ES ran up to 1039.50 before backing off into the close.

The market broke out and made new intraday and closing highs
for the bull run. The market hasn't stayed in new high
ground very long recently, and buyers hold bids for a decent
pullback and longs look to lock in profits. After 5 straight
up days, a pullback is way overdo. The sentiment getting
overly bullish, as the Vix hit a multi year low on Thursday.
A reversal from the Vix would give 3 or 4 sell signals and
would set up a good trade on the short side.

Still, the trends are up and as long as the initial support
can hold, no damage is done. However, if the market turns
down from the 1039.50-1040.25 zone and breaks the initial
support, then the trends could be rolling over. If the NYSE
breadth is not at least 2:1 positive, it is a red flag for a
soft market and if the Vix turns up that is also a red flag.

So, look for early strength to be sold and then the first
decent pullback should set up a buying opportunity if the
initial support is held. If that initial support is not
held, then the 1030.50-1030.00 area on the ES must hold. If
it can not, then we could be in for a few days of downside.


December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1039.50-1040.25
1043.50-1044.00
1049.50-1050.26

December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1034.00-1033.50
1030.50-1030.00
1026.50-1026.00
1023.00-1022.50

December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1684.25-1685.50
1690.60-1691.25
1697.50-1698.50

December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1676.00-1675.25
1670.75-1670.25
1667.00-1666.50
1663.00-1661.75

December 2009 Dow futures resistance
symbols: emini = ymz9

9572-9578
9594-9598
9649-9653

December 2009 Dow futures support
symbols: emini = ymz9

9525-9521
9499-9496
9468-9465
9443-9440



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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 09/10/09

HOW OUR DAY WENT:

The ES reversed from the 1029.50-
1030.00 zone just 7 minutes after the open and dropped
to the 1023.00-1022.50 support zone. Like Wednesday,
the ES had reactions at each of the resistance areas,
but also held support areas on the pullbacks. The last
resistance at 1039.75-1040.25 was tested before the
close, and the ES backed off. Forget the "indicator of
the month club" and begin with a method that actually works.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/09/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 9 / 2009

(Published Since 1996)

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

Dateline: 6:44 pm eastern time, 9/9/2009

The ES popped up to 1027.25 on the open on Tuesday (which we
were looking to short) then it quickly dropped 4 points to
1023.25 before reversing. The initial support was at
1023.00-1022.50, so the reversal came from a logical spot
and set up a trade on the long side. After having trouble at
1030 on the first try to get a rally going, the ES pushed
through on the next attempt and rallied to the updated
resistance at the 1035.50-1036.50 zone. The ES reached
1036.25 and quickly backed off, and the break of 1032.50
opened the door for the ES to continue its drop. After
falling 9.25 points to 1027.00 on the ES, the market turned
around and bounced back into the close.

NOTE: We roll over to December futures on
Thursday. The new symbol is now ES Z9 for the
emini SP futures. It might take a day or two
before the numbers are more precise.

The indicators are still overbought and with the SP500 cash
closing at a recovery high there are divergences that are
normally bearish. Also, there were more than 2100 advancing
issues on the NYSE for 4 straight days and that is not
normal. It tends to lead to a pullback for a day at least.
In addition, the move looks to be losing some upside
momentum.

On Thursday look for early strength to set up a shorting
opportunity. If that plays out, then the first decent
pullback will need to hold around the 1019.75-1019.00 area
on the ES December futures to avoid trouble. If the market
gets down there and cannot get turned around, then a trip
back towards the 990's is possible on this leg down. If the
market has enough gas in its tank to take out the 1031.25-
1031.75 area on the December ES, and can hold that area on a
pullback, then the upside could get in a break-out mode and
try to get to the 1039.75-1040.25 area if the SP500 is not
going to make a double top up here.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1029.50-1030.00
1031.25-1031.75
1034.25-1034.75
1039.75-1040.25


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1027.50
1023.00-1022.50
1019.75-1019.00
1014.75-1014.00


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1670.25-1670.75
1673.75-1674.75
1679.50-1680.00
1685.75-1686.50


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1663.75
1658.25-1656.75
1644.00-1643.00
1638.00-1637.50


December 2009 Dow futures resistance
symbols: emini = ymz9

9494-9499
9510-9514
9538-9542
9596-9599


December 2009 Dow futures support
symbols: emini = ymz9

9532
9414-9411
9386-9383
9339-9334

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2009 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.
*************************************************

Today's Trading Recap: 09/09/09

HOW OUR DAY WENT:

The ES popped up to 1027.25 on the open
(which we were looking to short) then it dropped 4 points
to 1023.25 before reversing. The initial support was at
1023.00-1022.50, so the reversal set up a trade on the long
side. The group was given the 1035.50-1036.50 zone as the
next resistance zone and the ES reached 1036.25 and then
reversed. A drop of 9.25 points to 1027.00 followed.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/08/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 8 / 2009

(Published Since 1996)

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

Dateline: 6:03 pm eastern time, 9/8/2009

The ES opened up 11.50 points on Tuesday, and just a tick
over the 1024.50-1025.25 resistance, then it promptly
reversed and dropped to 1020.50 in 15 minutes before a
bounce. The bounce didn't stick and one more push lower to
1019.00 occurred and then the move reversed. The rally off
the 1019.00 low failed 3 times at 1025.50, setting up
another short and we covered at 1021 per an instant message
sent at 11:54 am. Then 1023.50 became important resistance.
A bounce reached 1023.50 exactly, and then turned back down
3+ points to 1020.25. In the last hour the 1025.25-1025.50
area was a lid, with the ES pulling back 3 points and then 2
points from the 1025.25 and 1025.50 levels. The ES then
bounced to 1025.25 again before settlement.

Many of the short term internal gauges are now overbought.
Also, the Vix reversed on Tuesday and closed up on an up day
for the market. That reversal in sentiment is a short term
negative for the market. Also, the market opened on its
highs on Tuesday and that 1025.25-1025.75 zone was rejected
all afternoon on Tuesday. The ES had just a 6.75 point range
excluding the gap on Tuesday, and a narrow range at the top
of a trend tends to be a precursor of a change of direction.


On Wednesday, look for the better opportunities to set up on
the short side. A break over the 1025.75 area is needed to
avoid reversing from up here. If the market opens higher,
and over the 1025.75 high from Tuesday, it shouldn't stay up
there for very long so be on alert for a possible "prairie
dog" pop that reverses from the 1027.75-1028.25 zone. The
volatility should pick up, so if the ES falls towards what
should be good support around the 1016.25-1015.75 area in
front of the Fed's Beige Book release (at 2 pm on Wednesday)
beware of a reversal back up. If that zone is not reversed,
then we could see the 1012.50-1011.50 area on the ES before
a turn around occurs.


September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

1025.25-1025.75
1027.75-1028.25
1032.00-1032.50

September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
1023.00-1022.50
1019.75-1019.00
1016.25-1015.75
1012.50-1011.50
1007.50-1006.50

September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1656.00-1656.75
1660.75-1662.50
1666.50-1668.25

September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1648.75-1648.25
1644.00-1643.00
1640.50-1639.50
1631.00-1630.00

September 2009 Dow futures resistance
symbols: emini = ymu9

9502-9508
9522-9526
9568-9572

September 2009 Dow futures support
symbols: emini = ymu9

9478-9474
9452-9448
9435-9431
9382-9378

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2009 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.
*************************************************

Today's Trading Recap: 09/08/09

HOW OUR DAY WENT:

The ES opened up 11.50 points, and
just a tick over the 1024.50-1025.25 resistance, then it
promptly reversed and dropped to 1020.50 in 15 minutes
before a bounce. Then when the rally off the 1019.00 low
failed 3 times at 1025.50 it was another short and we
covered at 1021 per an instant message sent at 11:54 am.
Then 1023.50 became important resistance. A bounce reached
1023.50 exactly, and then turned back down 3+ points to
1020.25. Into the close, the 1025.25-1025.50 area was a
lid, with the ES pulling back 3 points and then 2 points
from the 1025.25 and 1025.50 levels. The ES then bounced
to 1025.25 again before settlement.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/07/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 7 / 2009

(Published Since 1996)

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

Dateline: 5:21 pm eastern time, 9/7/2009

Our early game-plan for Friday worked out perfectly. In the
Thursday night update I wrote:

"If there is an upside reaction in the early going, and
the move fizzles out and/or quickly reverses from the
1006.50-1007.50 on the ES, it should set up a good
shorting opportunity."

The ES popped up on the open on Friday, and after getting to
1006.75 it reversed and dropped 6 points to 1000.75 in just
10 minutes. That was a good start, and quite a few called it
a good day and left for the holiday weekend on a good
note.The reversal from just over the 1000 round number was
the start of a good rally into the afternoon. The ES rallied
to 1015.75 and stalled out. The last line in Thursday
night's update stated:

"Should the market get a good rally going and the ES
gets up to the 1014.50-1015.25, a stalling out and/or
reversal is a good setup for a shorting opportunity."

That played out well for 2 trades, as the ES fell 4.25
points to 1011.50 before turning back up. The bounce
reversed from 1015.50, and a double top at resistance gave a
relatively modest 3.00 point drop to 1012.50 before bouncing
back into the close.

Friday was a basic trend up day with the lows made in the
first hour and highs made at the close. On Tuesday we should
get a back and forth day, as back to back trend days don't
occur very often. The extreme oversold condition and the 4
Vix buy signals from last Wednesday's close have completely
worked off those extremes. If there is another decent up day
on Tuesday, the indicators will have made a round trip back
to a short term extreme overbought status. If the market
does top out up here, or move a bit higher and then turn
down, it could leave a bigger picture 1-2-3 type of top on
the daily chart. That would set the stage for a drop towards
the 975-973 area first, and possibly as far as the 958-952
old breakout area before turning back up and starting a new
bull run-up.

On Tuesday look for a shorting opportunity if there is early
strength, especially if there is a pop to test the Friday
highs that reverses. If that plays out, then the 1012.00-
1011.50 zone on the ES and 1631.00-1630.00 zone on the NQ
will need to be defended and reversed, otherwise a trading
top is in place and shorting bounces will work better. The
market may have peaked on Friday, so if buyers boycott until
the market drops to lower levels, we could see an air-pocket
type of move towards the 1007.50-1006.50 zone on the ES and
then see if the market is going to go into a range and rally
back, or completely reverse and go back to the 990's on the
ES.

September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

1015.75-1016.25
1019.00-1020.00
1024.50-1025.25

September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

1012.50-1011.50
1007.50-1006.50
1001.50-1000.75
998.50-997.75

September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1639.50-1640.50
1644.50-1645.25
1649.50-1651.00

September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1631.00-1630.00
1621.00-1620.25
1615.25-1614.50
1608.25-1607.00

September 2009 Dow futures resistance
symbols: emini = ymu9

9440-9445
9485-9488
9542-9547

September 2009 Dow futures support
symbols: emini = ymu9

9408-9402
9369-9364
9319-9315
9310-9306

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2009 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.
*************************************************

Today's Trading Recap: 09/04/09

HOW OUR DAY WENT:

Our early game-plan worked out perfectly
this morning. Last night they were told:

"If there is an upside reaction in the early going,
and the move fizzles out and/or quickly reverses from
the 1006.50-1007.50 on the ES, it should set up a good
shorting opportunity."

The ES popped up on the open and after getting to 1006.75,
it reversed and dropped 6 points to 1000.75 in just 10
minutes. That was a good start, and quite a few called it
a good day and left for the holiday weekend on a good note.
That reversal from just over the 1000 round number was the
start of a good rally into the afternoon. The ES rallied
to 1015.75 and stalled out. The last line in last night's
update stated:

"Should the market get a good rally going and the ES gets
up to the 1014.50-1015.25, a stalling out and/or reversal
is a good setup for a shorting opportunity."

That played out well, as the ES fell 4.25 points to 1011.50
before turning back up. The bounce reversed from 1015.50,
and a double top at resistance gave a relatively modest 3
point drop before bouncing back. Enjoy your weekend! Join
today as we will be ready for the action to resume on
Thursday.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/03/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 3 / 2009

(Published Since 1996)

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

Dateline: 6:21 pm eastern time, 9/3/2009

The market opened higher on Thursday, and that is when the
highs were made as the ES dropped from 1001.50 (2 ticks
under 1002 resistance) to the 991.75-991.00 support zone in
the first hour. Off of the 991.50 low, the ES rallied back
to 998.50 and then backed off. The pullback held at 995.50
and that was the same range as we had on Thursday afternoon.
A bounce to the 998.50-999.50 "sell zone" stalled out, and a
reversal from 999.00 started a drop to down to 994.25. The
market quickly turned back up, and then pushed through the
996.50 level. A small pullback held right at 996.50, and
then with 30 minutes left in stock trading they rallied up
to 1003.00 by the close.

On Friday there will not be any intraday updates. Most
of the action should occur in the first 90 minutes, and
then thin out the rest of the day. Have a great Labor
Day holiday! The next update will be sent on Monday
night.

The Employment data will be the market mover on Friday.
Right now there is a double bottom at the 991.75-991.00
support zone on the ES, so no serious damage is done unless
that area does not hold. Still, the market should have a
good deal of resistance above if the market rallies in the
early going on Friday. If there is an upside reaction in the
early going, and the move fizzles out and/or quickly
reverses from the 1006.50-1007.50 on the ES, it should set
up a good shorting opportunity. If the market opens lower,
then the ES will need to hold the 998.50-997.75 area,
otherwise a top is likely in place and bounces should have a
hard time holding. Should the market get a good rally going
and the ES gets up to the 1014.50-1015.25, a stalling out
and/or reversal is a good setup for a shorting opportunity.


September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

1002.75-1003.25
1006.50-1007.50
1011.50-1012.00
1014.50-1015.25 ** key

September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
998.50-997.75
991.75-991.00
986.00-985.25
975.50-974.50


September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1606.50-1607.50
1611.50-1612.50
1619.75-1620.25

September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1598.25-1597.50
1585.50-1584.50
1577.50-1576.75
1568.75-1567.50


September 2009 Dow futures resistance
symbols: emini = ymu9

9341-9347
9382-9386
9419-9423

September 2009 Dow futures support
symbols: emini = ymu9

9310-9306
9252-9247
9218-9212
9098-9091


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2009 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.
*************************************************

Today's Trading Recap: 09/03/09

HOW OUR DAY WENT:

The early strength double topped just
2 ticks under the 1002.00-1002.75 resistance zone, then
the ES fell 10 points to the 991.75-991.00 support zone.
A nice start to the day. The ES rallied back to 998.50
and then members were given 998.50-999.50 as a shorting
zone. A bounce to 999.00 stalled and turned down, going
to 994.25.I sent an I.M. to cover shorts at 994.50 on
the way down, a very good exit. The break over 996.50
then held on a pullback with 30 minutes left, so the
rally to 1003.00 set up as 996.50 was broken and held
on the pullback.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/02/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 2 / 2009

(Published Since 1996)

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

Dateline: 6:06 pm eastern time, 9/2/2009

Early weakness set up the buying opportunity we were looking
for Wednesday morning, as the ES reversed from 1 tick over
the 991.75-991.00 support zone. From 992.00, the ES ran up
to 998.50 in the first 30 minutes and the move fizzled then
reversed.A quick drop to 991.00 followed, and the ES
immediately turned back up. The rebound took the ES up to
999.50 and that was also unable to stick. The market then
churned sideways between the 998.50-999.50 resistance and
just over the 995.00-994.50 support. That action continued
into the last hour, but the support was broken and the ES
went down to 992.75 before the close.

The daily indicators are very oversold on the short term,
and the Vix closed lower which gave several Vix buy signals.
This could set the stage for a decent rally, however the way
the market is acting, it looks like there is more to go on
the downside before we get a snap-back rally. At the moment,
it looks like the best the ES would be able to do is rally
13 points off of whatever the low turns out to be. So far
991.00 is the pullback low, so if there is a decent run-up
that takes out the initial resistance areas, 1004 area looks
like the maximum on a rally from here.

On Thursday we get Initial Claims before the open and then
ISM number 30 minutes into the day. If the market opens
lower beware of a reversal to set up a quick trade on the
long side. If that plays out, the bounce likely will not be
able to stick and will be a shorting opportunity if the move
fizzles out below the 998.50-999.50 area. If the ES can not
hold the 991.75-991.00 area, then we could see the 986.00-
985.00 zone tested, which is an area that could be reversed.

September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

999.00-999.75
1002.00-1002.75
1006.50-1007.50
1011.50-1012.00

September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

991.75-991.00
986.00-985.25
975.50-974.50


September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1602.00-1602.50
1605.00-1605.50
1611.50-1612.50
1619.75-1620.25

September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1585.50-1584.75
1577.50-1576.75
1568.75-1567.50


September 2009 Dow futures resistance
symbols: emini = ymu9

9324-9327
9337-9341
9382-9386
9419-9423

September 2009 Dow futures support
symbols: emini = ymu9

9260-9258
9218-9212
9098-9091

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures. 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.
*************************************************

Today's Trading Recap: 09/02/09

HOW OUR DAY WENT:

We came into Wednesday wanting to buy
early weakness to start. The ES opened lower and went
to 992.00 (the first support under Tuesday's low was at
the 991.75-991.00 area) and reversed and rallied 6.50
points to 998.50 before reversing. The ES then fell to
the 991.00 support and quickly turned. That set up a
rally to 999.50 and the market backed off. Then new
resistance and support areas were given, and the new
998.50-999.50 sell zone was reached and rejected 4 times
while the new support at 995.00-994.50 area held 3 times
going into the last 10 minutes of trading, as the ES went
to 992.75 before the close.

Good Trading,

Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/01/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 1 / 2009

(Published Since 1996)

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


Dateline: 6:36 pm eastern time, 9/1/2009

We were looking to buy a lower open and the ES reversed from
a dead hit of the 1014.75-1014.25 support. The ES rallied 13
points in 40 minutes and then reversed. Off of the 1027.75
high, the ES pulled back. Updated resistance at 1024.50-
1025.00 was touched and reversed, and then the bottom fell
out. After falling another 24 points the ES reversed from
1000.25. Updated resistance was given at 1005.25-1006.00,
and the ES popped up to 1005.25 and stalled. It was a lid
for the ES as it dropped to 997.50 and then bounced. Updated
resistance was at the 1002.50-1003.00 area, and the ES
reached 1002.75 then turned back down, dropping 4 points to
998.50. Another bounce to 1002.25 reversed and the ES
dropped 7 more points to 995.25 before the close.

The market was hit very hard, and if not for being 2 days
off of the highs it would be a bullish setup. The closing
Trin at 3.56 is an extreme that can mark bottoms. Also, the
Vix jumped 12% as the sentiment changed fast. It looks like
there was too much damage done short term, so don't expect
bounces to stick on Wednesday.

On Wednesday the initial resistance areas need to be
exceeded, and then held on a pullback, to get anything going
on the upside. If there is early weakness, it should set up
a buying opportunity, but it won't stick unless the initial
resistance breaks and holds.

September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

1002.00-1002.75
1006.50-1007.50
1011.50-1012.00
1014.50-1015.00 ** key


September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

995.25
991.75-991.00
986.00-985.25
975.50-974.50


September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1602.00-1602.50
1611.50-1612.50
1619.75-1620.25


September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1590.25
1585.50-1584.75
1577.50-1576.75
1568.75-1567.50


September 2009 Dow futures resistance
symbols: emini = ymu9

9333-9337
9382-9386
9419-9423


September 2009 Dow futures support
symbols: emini = ymu9

9284
9239-9234
9208-9202
9098-9091

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Good Trading,
Mike Reed

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899

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

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

Today's Trading Recap: 09/01/09

HOW OUR DAY WENT:

We were looking to buy a lower open
and the ES reversed from a direct hit of the 1014.75-
1014.25 support. The ES rallied 13 points in 40 minutes
and then reversed. Members were told that there was good
resistance at 1024.50-1025.00, and the bounce reversed
right from 1024.50 -- and then the bottom fell out. After
falling another 24 points the ES reversed from 1000.25.
I then sent an I.M. stating:

(Sep 01-11:38) mike: the 1005.25-1006.00 trend resist

The ES popped up to 1005.25, and it was a lid for the
ES as it dropped to 997.50 and then bounced. Updated
resistance was at the 1002.50-1003.00 area, and the ES
reached 1002.75 then turned back down, dropping 4 points
to 998.50. Another bounce to 1002.25 reversed and the
ES dropped 7 more points to 995.25 before the close. A
fantastic day for our group.

Good Trading,
Mike Reed
TradeStalker.com