TradeStalker's
R.B.I. Trader's Update
11 / 12 / 2009
(Published Since 1996)
...............................................
Dateline: 6:06 pm eastern time, 11/12/2009
The market rallied into the first 20-40 minutes and
reversed. The ES reached 1101.00 about 30 minutes into the
day, then traded down to 1082.50 with about 15 minutes left
in the trading day. A bounce off of 1082.50 stopped at
resistance at the close.
Due to a death in my family, no update tonight. It does look
like a top is in place, as things changed on Thursday. A
move to the 1074.50-1073.75 area on the ES will need to be
reversed, otherwise the week can end by going to the
1067.75-1067.00 to fill the gap from Monday's gap up open.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1088.00-1088.50
1092.25-1092.25
1097.50-1098.00
1102.50-1104.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1083.00-1082.50
1080.50-1079.75
1074.50-1073.75
1067.75-1067.00 {gap from 6/6/09}
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1775.50-1776.25
1782.20-1783.25
1786.75-1787.50
1792.50-1793.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1768.50-1768.00
1763.00-1762.25
1756.50-1755.00
December 2009 Dow futures resistance
symbols: emini = ymz9
10206-10209
10224-10228
10267-10270
10307-10312
December 2009 Dow futures support
symbols: emini = ymz9
10141-10137
10114-10108
10051-10047
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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.
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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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