April 30, 2013 Market Action

The market opened up at the initial support and quickly traded below heading down to the 1582 suport area The buyers came in there after a second test and a move to the 1588 area was underway. A small stall there and hte market was able to push through. That setup for a long opportunity as the market came back down to test the 1588 area for a move up to the next resistance level at 1592. A rejection of that area was followed by a test of the 1588 support and after some sideways action the market just poked over the 1592.50 resistance area at the close. I marked the highest probability trade of the day on t the chart. Whic turned out to be a resistance turned support area.

April 29, 2013 market action

Today the market opened up above the initial resistance at 1578.50 and into the 1582. A hold above the 1578.50 level was a clue that the market was more bullish then bearish. The market then made its way to the 1588 area and stalled for about an hour before breaking out. A retest of that level was bought and a run to the 1592.50 resistance level followed. The market backed off from there back down to the 1588 area where a bounce failed and set up a good shorting opportunity. The nightly updated numbers continue to frame the market well and provide at least 2-3 opportunities to make some decent trades. Don't miss out on these great trades. Sign up today for the nightly newsletter and get the ebook to learn how to trade around these levels.

April 26, 2013 Market Action

Today the market opened up and gyrated above and below the 1578 level but failed to get over initial resistance at 1583.00. Finally after a break of the 1578 level the bears held that ground and after a few test of the now resistance area the market dropped down to our 1572 support area. There was at least 5 points there to profit from on the move down. Again once support is broken and then held it sets up a short setup. That was the best trade of the day and it also goes with the basic principle of following the trend. The trend was definitely down after the decent sell off yesterday in the afternoon session. The numbers in the nightly update continue to frame the market I've been doing this for almost 30 years and the strategy has not changed much and will not the future. I can show you how to come up with these numbers and how to trade around them. check out the chart below.

April 25, 2013 Mid Day Blog Update

Today the market opened a bit higher and after a slight pullback we had a run up through the 1583 area on the ES. As I stated in the nightly update last night and I quote "A quick move over 1580 could bring in a bit more buying and test the 1583 area on the ES. That should be sold if the market can overcome bearish odds and get that far. If there's no rejection of that area, then it's a stronger day than expected for sure and the 1588 area would be all that is in the way of testing the 1593.00 current day session high" As you can see from the chart above, we had a good move over 1583.00 and so we were expecting a stronger day and when we came back to test the 1583 area again it setup a perfect opportunity to get long and hold it to the 1588 area which was the next resistance. That area later turned into resistance again after it was broken when the 1588 area was rejected on the second test. Once you understand how to read the market using the support and resistance techniques I use things become much more clear on how to trade. Imagine if you had that information last night, you could have easily made 5 points today on that trade alone. The market respects the s/r zones daily and in combination with the setups outlined in my ebook and DVD series you have an arsenal to extract money from the market on a daily basis. All it takes is some dedication and a bit of work to learn the setups and techniques.

April 24, 2013 - Market Action

As stated in last's night's update, my internal indicators were overbought and giving sell signals. So, I favored the short side today. The best opportunity was when the early rally stalled at the 1576.75-1577.50 resistance zone. Have a look at the chart below and see how nicely the market respected the levels from last nights update, provided to all real time members. Click chart to enlarge.

April 23, 2013 Action

Today we had a good setup right after the open. As you can see from the chart the market broke resistance and held it on a pullback. That was the setup to go long and it is just one of the many setups I teach in my ebook and dvd set. You can see how later in the day the market again tested that support area and bounced again. Check out the chart below. I had noted the area that set up for a nice long trade this morning.

April 22, 2013 Market action

Today many of the s/r areas came in to play. We had a classic sell setup right at the open with a gap into a fixed resistance area. This a setup that I teach in my e-book and in the instrutctional DVD set. Don't miss out on these opportunities get a copy of the ebook and sign up for the real time service and get these numbers in your inbox before the market opens. Check out the chart below

April 19 Market Action

Today the market dipped below resistance turned support and came back to test the 1544 area. Putting in a higher low the 1544 was eventually broken and held and when the market came back to test that level it created a great buying opportunity for a run up to the 1549.50 area resistance area. Don't miss out these opportunities which area available almost every day. You can get these levels the night before the market opens and be ready for trading with the tools that a real professional uses to make consistent money from the market. Check out the chart below with the levels outlined and see how the market acts around the support and resistance levels giving you the opportunity to make great trades.

4/18/2013 Market Action

Today the market opened up at the 1548 zone and quicly came down to the 1452.00 area where we got a small bounce that failed and the support zone was broken. We came down to test the 1538 area where we bounced at made a run for the 1548 level again After some sideways action we finally broke through the 1538 zone and made it down to the 1532 area where we bounced again to test the 1538 zone support now turned resistance. The market backed off from there testing the 1532 area again. Having these zones in your trading arsenal should be an important part of your game plan. Along with the intraday support and resistance areas it greatly increases your chances of being profitable in this market. Check out the chart below.

April 17 Market Action

Today the market gaped down gapped down and made its way to the 1553.50 support zone and made a little bounce. The market finally broke thru that level and bounced from the 1549 area the next support area where a small bounce was made but was expected to fail given the break of the support area above. I then gave the 1538 level as the next resistance on the intra day updates message to all our real time subscribers. The market proceeded to bounce from there and made its way up to the old support now resistance area at 1549 which was a lid for the rest of the day. Having these levels available to you before the market opens will really give you the edge you need to navigate through the day. Coupled with the setups found in the Reed The Greed E-book, you have a powerful method for profiting in any market condition. Check out the site at wwww.tradestalker.com

April 16 ES Action

Below is a chart of the ES for April 16, 2013. I have drawn in the S/R lines that were published last night in the market update I send out real times subscribers. As you can see from the chart the low of the day came in at a Res area turned support. You can see how the market then ran up to the the 1562 area and stalled out there which was a resistance area listed. Once we broke up thru that area it acted as support as the market ran up to the next resistance area published at 1588-1588.50 where it formed a double top and came back down to test the 1562 area again where it bounced eventually taking out the 1568 area. Once the market turned into a trend up mode I am expecting the resistance areas to be broken and then turn into support for the market. Exactly how it happened today. Imaging if you had these levels up on your chart before the market opens!!! Check out the chart below.

April 15 , 2013 Trading Acitvity

Below is a chart of the trading activity today. I have inserted lines at the support/resistance areas that were available to the real time subscribers list. As you can see knowing these levels in advance can be a great guide for your day trading. Today was a down trend day so we were expecting the support areas to fail and act as resistance and that is exactly what happened today.