TradeStalker's RBI Update 04/05/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 5 / 2010

(Published Since 1996)

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

Dateline: 6:20 pm eastern time, 4/5/2010

The gap up open was sold on Monday and the ES dropped 4
points from 1178.50 to 1174.50 (right at the 1174.75-1174.00
support zone) and turned right back up. That lead to a good
rally, as the ES made a new high for the year at 1183.75
about 90 minutes into the trading day. That turned into the
top of a narrow 2.75 point range between that 1183.75 high
on top and 1181.00 on the bottom as the market traded
sideways after the first 90 minutes of trading.

On Tuesday we get the Fed Minutes from the March 16th
meeting at 2pm. The last 2 up days had very strong breadth
but the advance came on light volume. If the market puts
together one more decent day on the upside, then the odds of
a reversal will be pretty high. In fact, the way the move
stalled out after 90 minutes of rally on Monday could set up
for an early shake-out on Tuesday. For now however, as long
as the initial support areas are held, the trends are up and
the market should stay in decent shape a bit longer.

So, on Tuesday look for early strength to set up a trade on
the short side. If there is a pop up open and the ES
reverses from the 1184.50-1186.00 zone in the first 40
minutes of trading, then a decent pullback should occur. If
that plays out, but the initial support is held on a
pullback (on the ES and NQ, along with 10950 on the Dow
cash), then the upside could get going once again and the
market should at least try to test the early highs. If the
market traces out this pattern and a bounce stalls/ reverses
from a test of the early highs, then that could be the
reversal that starts a decent sized drop. If the market
pulls back, but then can push through to take out early
highs on Tuesday without rejecting them, then one more day
of decent upside action is likely before the market stops to
digests the recent gains at best.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

This publication's primary focus is trading the index
futures ($ES_F). 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.
*************************************************

TradeStalker's RBI Update 03/29/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 29 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 3/29/2010

The market opened higher on Monday and after reaching
1169.75 just over 20 minutes into the day, the market pulled
back. The ES held at 1165.75 and reversed back up after an
hour of trading and the ES rallied to the 1170.75-1171.50
key resistance zone. The ES reached 1171.00 and quickly
backed off 4.25 points to 1166.75. From there, the market
did very little but did manage to chop its way back towards
the highs before the close.

On Tuesday we get the Case-Shiller housing index before the
open and then the Consumer Confidence number 30 minutes into
the trading day. The SP futures had just a 5.75 point range
on Monday. The market sure acted top heavy as the bounces
couldn't stick, but the 10880 area on the Dow Cass along
with the 1166.75-1166.25 zone on the ES held 3 times on
Monday. To turn things down, the market would need to break
those areas and then see them turn into resistance on a
bounce.

As it stands right now, as long as those areas are not
broken, the market has a chance to rally towards the
1176.00-1176.50 zone and potentially make a double top up
there. However, if the initial resistance is not broken and
held, or the initial support is broken, then this bounce
could be the end of a 1-2-3 type of top on the daily chart
and a good sized drop is just beginning.

June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1170.75-1171.50 **key
1176.00-1176.50
1181.50-1182.50


June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1166.75-1166.25
1163.75-1163.00 **key
1159.50-1157.75
1156.50-1155.75
1148.50-1147.75


June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1965.50-1966.50 **key
1972.75-1974.25


June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1954.50-1954.00
1950.25-1948.75 **key
1944.25-1942.50
1939.25-1938.50


June 2010 Dow futures resistance
symbols: emini = ymm0

10858-10862 **key
10889-10894


June 2010 Dow futures support
symbols: emini = ymm0

10822-10818
10801-10798 **key
10771-10766
10753-10747


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

Copyright (c) 2010 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: 03/10/10

HOW OUR DAY WENT:

The ES rallied to the 1147-1148 area and
was rejected twice... first a 9.75 point drop, then a 6.00
point drop in the afternoon.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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

TradeStalker's RBI Update 02/22/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 22 / 2010

(Published Since 1996)

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

Dateline: 6:26 pm eastern time, 2/22/2010

The ES popped up to 1111.00 (key resistance was 1111.00-
1112.00) in the first 5 minutes and that was sold and a 7.50
point drop to the 1103.50 updated support occurred in the
first 30 minutes on Monday. The market turned back up and a
tricky stair-step move up to 1110.25 fizzled out with about
45 minutes left in stock trading. With the ES at 1109.50 and
the NQ at 1821, I sent an instant message stating:

(Feb 22-15:29) Mike: Wedge like pattern forming,
the NQ is toppy, I'm small short that up here for
a decent drop.

Not long after that we got a decent drop as the ES rolled
over and dropped to 1104.75 while the NQ reached 1814.25
just before stocks closed. Buying/ short covering came in
after stocks closed and the futures bounced to settle above
fair value.

All of the gyrations on Monday pretty much erased the
overbought status the market was in. There still is a good
deal of complacency, however. The late day dumping of stocks
wasn't a surprise, but the way the futures bounced right
back was surprising. It looks like the 1104.00-1103.50 area
on the ES should continue to be good support. As long as
that area is defended, then the market will hold together
and likely give more 2 sided action. Otherwise, if that area
is broken and not quickly reversed, then the trends on all
but a weekly timeframe will roll over and things will be
changing.

We get the Consumer Confidence number 30 minutes into the
day on Tuesday. If the market opens lower, then a reversal
back up sets up a trade on the long side. If that plays out,
a 3rd attempt to get through the 1111-1112 area should be
under way. If the market gets back up there, it will need to
push through and then not reverse. The market reversed there
twice in the last 2 trading days, so if the SP500 cash can
get back over the 1114.84-1115.49 area and avoid being sold
from that zone, the upside should extend towards the
1117.50-1118.50 zone on this leg up before a decent reversal
back down occurs.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1108.00-1108.50
1111.00-1112.00 **strong
1115.00
1117.50-1118.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1104.50-1103.50
1098.75-1098.00 **key
1093.75-1093.00


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1821.50-1822.00
1828.50-1830.00 **strong
1833.00
1837.75-1838.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1815.50-1814.50
1810.50-1809.50 **key
1803.25-1802.25


March 2010 Dow futures resistance
symbols: emini = ymh0

10375-10378
10402-10406 **strong
10439
10462-10467


March 2010 Dow futures support
symbols: emini = ymh0

10350-10346
10322-10319 **key
10267-10262


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

Copyright (c) 2010 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: 02/18/10

HOW OUR DAY WENT:

The lower open was reversed from just 1
tick under the 1096.50-1096.00 support zone on the ES and
then it ran up to 1102.00, just under the big 1102.50-1104.00
zone. A drop of 5.75 points to 1096.25 followed, and then the
market turned back up and reached 1100.50. A pullback based
out at 1098.00 and then the ES rallied to a 1106.75 high. I
told the group by instant message:

"(Feb 18-15:08) Mike: this is the start of a good
sized drop, swing trade for me on part"

The Fed rasied the discount rate after the close. Get the
outlook for Friday game-plan tonight.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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)

Today's Trading Recap: 02/17/10

HOW OUR DAY WENT:

The gap up open reversed from the
1097.75-1098.50 resistance on the ES and it pulled back 3.50
points to 1094.50 before bouncing. Then, the 2-sided action
we expected was evident. The short side on the pops over 1098
were the better reward/risk opportunities for scalps as the
back-and-forth action was in play all day.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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)

Today's Trading Recap: 02/12/10

HOW OUR DAY WENT:

We were looking for early weakness to set
up a buying opportunity, and the ES opened 11.50 points lower
and dropped to the 1061.50-1060.50 zone before reversing 15
minutes into the day. From a 1060.00 low, the ES turned up
and rallied to 1067.25, then pulled back to updated support
at 1062.25. A reversal there started a 12+ point rally to
1075.00. A drop held right over the updated 1065 level then
rallied 11 points to 1076.00. After that failed, new support
at 1068.00 was tested and reversed and that started a rally
back to 1079.50 - another 11.50 points. In a nut-shell, the
early low and then all 3 of the big swings to the upside
starting around noon started from a support zone, then failed
just below the 1077.00-1078.00 key resistance except for the
last one. On the long side alone, that was 41.50 points of
*potential* and getting just 5 of them covers a 3 month
membership.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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)

TradeStalker's RBI Update 02/07/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 7 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 2/7/2010

The ES popped up to 1064.00 on Friday, (key resistance was
at 1063.75-1064.25) and then they dropped 11.75 points to
1052.25 (we had support at 1052.25-1051.50). From there, the
ES rallied back to 1063.00 and fizzled, setting up another
short. After a 12+ point drop to a 1050.25 low, I gave new
resistance at 1056.75 and that was nailed before the 16.00
point trend-down move to 1040.75 on the ES and 1044.50 on
the SP500 Cash. That was just over the major support at the
1044-1042 area, the ES bounced to the 1048.00 updated
resistance. From 1048.00, a 3.50 point drop to 1044.50
reversed and when 1048 was cleared, I sent an I.M. saying
that the ES was good over 1047.00, which held just before a
sprint to 1064.00 resistance... quite a day to end a wild
week.

The market got hammered last week. However, on Friday the
market made a low at a logical support area, and with the
market being very oversold, the ES rallied back 23.25
points. There were other key areas broken on the way to the
Friday lows, so it's too soon to say that a bottom is in
place. The market is still somewhat oversold, so it will be
important for the market to hold over the initial support
areas if there is early weakness. If they do not, then a
drop should hold the 1048.00-1047.50 area on the ES if it is
going to keep from getting hit hard again. If the 1044-1042
area on the SP500 cash breaks, and the market doesn't
quickly reverse back to the upside, then the downside could
gather some momentum. There is a big cluster of numbers at
the 1022-1021 area on the ES if panic hits the market on
Monday.

The futures settled well under fair value, so the initial
resistance that was met twice on Friday is the first hurdle
for the market to clear. If the upside isn't reversed at the
initial resistance areas, then the ES could go for the
1069.50-1070.25 zone before having trouble. So, look to sell
early strength when the upside stalls/ reverses. Then, if a
pullback can hold the initial support, the up-trends will
remain intact and the market should head back up. If the
initial support is not held, then the 1048.00-1047.50 area
is about as far as a normal pullback should go without
breaking back down. If that is the case, the major area at
the Friday lows must be defended, otherwise a second panic
selloff in the last 3 days could hit the market.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1063.75-1064.25
1069.50-1070.25
1073.50-1074.00
1078.25-1079.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1056.25-1055.50
1051.00
1048.00-1047.50
1040.75-1039.50 MAJOR
1032.00-1031.50
1022.00-1021.00 Panic major area


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1748.25-1749.00
1753.50-1754.50
1758.25-1759.00
1765.50-1766.00


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1737.00-1736.00
1727.00
1723.50-1722.50
1712.00-1710.75 MAJOR
1700.75-1699.75
1690.50-1689.50 Panic major area


March 2010 Dow futures resistance
symbols: emini = ymh0

9977-9982
10029-10034
10056-10060
10099-10103


March 2010 Dow futures support
symbols: emini = ymh0

9909-9905
9866
9848-9846
9798-9791 MAJOR
9714-9709
9623-9618 Panic major area


CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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.
*************************************************

TradeStalker's RBI Update 02/02/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 2 / 2010

(Published Since 1996)

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

Dateline: 5:56 pm eastern time, 2/2/2010

The early game-plan was to short early strength, then beware
of a reversal from the 1084.50-1084.00 key support area. The
ES popped up to the 1088.50-1089.00 zone and reversed,
dropping from 1089.00 to 1084.75 (1084.50-1084.00 pivotal
support) in 5 minutes and then turned back up. The bounce
stalled and reversed from 1088.50 and then dropped to the
1084.75 support again. The ES rallied 13 points to the 1097-
1098 resistance zone shortly after noon. Two small pullbacks
from 1097.00 followed, but the 1094.50 updated support held,
setting up a bounce to 1099.50 just before 2 pm. A pullback
to 1095.50 was reversed and a sprint to a 1101.50 high
occurred, and then selling took the market lower into the
close.

The 2 day rally has turned the short term internal gauges
from very oversold to modestly overbought. If there is one
more day of decent action, that would stretch the indicators
into overbought territory nearly across the board. The
sentiment sure turned bullish fast, and if the Vix drops a
bit more and then reverses, that will give some sell
signals.

The ES didn't like it over 1100 on Tuesday afternoon, and
reversed from just above that level. The ES settled about 3
points under fair value, so if there is a pop up to the
1099.50-1100.50 area that reverses early on Wednesday, that
should set up a good shorting opportunity. If that plays
out, or if the ES reverses from a bit higher up early in the
day near the 1103.50-1104.00 area, then the initial support
at the 1095.50-1094.75 area on the ES will need to be
defended, or quickly reversed if broken. The pullbacks have
been setting up good buying opportunities, reversing as soon
as the downside momentum fizzles and prices turn back up. So
that area should hold if the market is still in good shape.
If there is a decent sized pullback/ selloff, then a test of
the 1080.50-1079.75 area would need to reverse quickly,
otherwise we are having another technical breakdown and the
downside could gather some steam.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1099.50-1100.50
1103.50-1104.00
1106.75-1107.50


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1095.50-1094.75
1091.50-1091.00
1088.50-1088.00
1084.50-1084.00
1080.50-1079.75


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1774.00-1774.50
1778.75-1779.50
1784.25-1786.00


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1765.00-1764.25
1758.75-1758.00
1751.75-1751.00
1748.50-1747.75
1742.50-1741.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10247-10252
10274-10278
10302-10309


March 2010 Dow futures support
symbols: emini = ymh0

10212-10209
10183-10180
10164-10161
10125-10121
10105-10103


CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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: 01/28/10

HOW OUR DAY WENT:

Yet *another* day where the market obeyed
support/ resistance. The ES opened higher then reversed from
1 tick over the 1096.75-1097.50 resistance, and it drop to
the 1085.25-1084.50 support zone and bounced. The updated
resistance at 1090 was rejected and the move was trend down
to 1074.25 before lunch-time trading. The break / hold over
1081 kept the new uptrend intact to 1085.25. Old support
turned resistance, and the reversal set up a drop to 1078.50.
The rally from there took the ES to the 1088.50-1089.50
updated resistance, reversing fast from 1088.75, setting
up a drop to 1078.75 in the final minutes of trading.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 01/24/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 24 / 2010

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 1/24/2010


The ES opened lower on Friday, then bounced to the updated
resistance at the 1111-1112 zone, giving a great low risk
entry on the short side and the ES dropped 10 points to
1101.00 in the first hour. A bounce then went back the
1111.50 level, right at resistance again, where we were able
to re-short. That led to another 10 point drop to 1101.25.
Then we then got a bounce to updated resistance at the
1104.00-1104.50 area, and after 1104.25 was reversed the ES
dropped another 12+ points to 1091.50. Then I gave 1092.50-
1093.25 for new resistance, and after reaching 1093.25 the
bounce fizzled and the ES dropped another 7.00 points to
1086.25 to finish off a big reversal week.

The Dow, SP500 and Nasdaq 100 cash and futures made new
intraday and closing highs for the bull move on Tuesday. The
market was ripe for at least a pullback, and the risk/reward
was strongly tilted in favor of the downside. The put
options that were bought near the Tuesday high were covered
way too soon in hind site, but there were ample
opportunities to re-short on Wednesday, Thursday and Friday.
The bigger picture top at 1147 on the ES looks to be in
place.

The three day drop covered 572 points on the Dow, 60 points
on the SP500 cash, and 105 points on the Nasdaq 100. The VIX
exploded more than 22% on Friday, showing a lot of
capitulation. The bigger picture internal gauges showed
negative divergence at the top, and those have turned
intermediate term bearish. However, just about all of the
short term overbought/oversold gauges are at oversold
extremes. The 3 day Thrust is at -.89 (+/-.50 normal
oversold) and the McClellan oscillator reached -243. Also,
the RBI Signal strength is in buy territory. If the VIX
reverses, then this should set the stage for a good counter-
trend move to the upside soon. A move back towards the
1111.00-1111.50 area will be sold if the market is still
weak. A test of the 1119.50-1120.50 area would be as far as
a bounce should go if the bears are going to stay in charge.

So, on Monday look for early weakness to be reversed and set
up a decent rally, especially if the initial resistance is
broken. If the initial resistance areas are exceeded, and
then hold on a pullback, then a decent bounce should be in
gear. If a bounce fails around the 1104.00-1104.50 area, or
below it, then the 1098-1097 area would become a support
area that would need to hold then to avoid another selloff.
If the market opens higher but reverses around the 1097.50-
1098.50 area in the first 30 minutes, that should set up a
trade on the short side for a pullback towards the Friday
closes, or lower.



March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1093.00-1093.50
1097.50-1098.50
1104.00-1104.50
1111.00-1111.50


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1087.00-1086.25
1082.25-1081.50
1077.75-1076.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1800.00-1801.00
1811.50-1812.25
1825.75-1826.75
1846.50-1847.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1789.50-1789.00
1782.00-1781.50
1776.75-1775.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10176-10181
10218-10221
10268-10273
10339-10343


March 2010 Dow futures support
symbols: emini = ymh0

10114-10111
10074-10069
10022-10017


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

Copyright (c) 2010 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.
*************************************************

TradeStalker's RBI Update 01/18/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 18 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 1/18/2010

We came into Friday looking for the 1144.00-1143.50 zone to
be key. The ES opened below that zone, bounced up to
1144.00, then reversed and dropped sharply. We locked in
some profits at the 1133.00-1132.50 zone, which gave a small
bounce, but the market continued to move in trend-down mode
to the 1127.75 recent low. A bounce from 1127.50 reversed at
the 1130.75 updated resistance, and the ES pulled back a bit
to 1128.50. However, that dip was reversed and the market
rallied back in the last hour of trading.

The daily charts are beginning to look toppy, and the weekly
chart doesn't look too good either. Now the key support
could be in jeopardy. In last Wednesday night's update I
stated:

"This could turn into a trading range, with a
double top at 1145.25-1146.25 possibly in place.
On the lower side, that 1129.00-1128.50 area
should be a key support zone now."

The ES went a tiny bit over that zone to 1147.00 on Thursday
(testing the 1148.00 globex high) and a point below it to
1127.50 on Friday. The ES then snapped back to close off
that low area. Now the 1128.25-1127.50 area must be
defended, otherwise a bigger picture breakdown could be
underway and we could see the 1119.50-1118.50 area reached
on this leg down.

On Tuesday look for early strength to be sold as soon as the
momentum fizzles, especially if there is a pop that reverses
in the first 20 minutes or so. If that plays out, then a
pullback should hold over the 1131.50-1131.00 area to keep
the stair-step higher pattern on the intraday chart. If that
area is broken, the key support should be tested. If that is
broken, then 1125.00 needs to be reversed right away, or
else a drop towards the 1123.00-1122.50 area (or more) could
be in the cards before a snap-back rally can occur.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1133.00-1133.50
1137.50-1138.25
1143.50-1144.00
1147.00-1148.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1131.50-1131.00
1128.25-1127.50
1125.50
1123.00-1122.50
1119.50-1118.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1866.00-1867.00
1872.50-1873.50
1879.50-1881.00
1888.50-1889.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1861.50-1860.50
1855.50-1854.75
1850.50
1846.50-1844.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10569-10573
10603-10608
10653-10657
10684-10689


March 2010 Dow futures support
symbols: emini = ymh0

10543-10538
10514-10508
10486
10458-10454


CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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: 01/08/10

HOW OUR DAY WENT:

The lower open on the Job's numbers was
reversed from 1132.00 (just 1 tick over our 1131.75-1131.25
support zone) and it set up a trade on the long side. The
ES rallied to 1138.50 (a direct hit at the 1138.50-1139.00
resistance zone) and pulled back to the 1136.00 updated
support and based out. With less than 30 minutes left the
ES took out 1138.50 and that gave us the run up to our 1141-
1143 key zone just before the close. Volatility is surely
back, start the week with our group as next week should be
full of opportunity!

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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)

TradeStalker's RBI Update 01/06/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 6 / 2010

(Published Since 1996)

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

Dateline: 6:26 pm eastern time, 1/6/2010

The ES popped up to the 1132.50 on the open (1132.50-1133.00
initial resistance) and quickly dropped to 1129.75 (1130.00-
1129.50 initial support) before bouncing back. Per the 2nd
intraday update, the rest of the day was "a choppy day with
new highs sold and the pullbacks are bought. The 1135.50
high was 1 tick under important resistance and the market
backed off as expected before the close.

The market might have higher to go, but the risk/reward up
here doesn't look very favorable at the moment. The very
short term internal gauges are overbought, with my RBI
Oscillator just turning from Sell territory. Along with
that, my 3 day thrust oscillator at +.60 (normal overbought
is +/- .50). Also, the sentiment is very bullish, and as a
contrary indicator that's not a great backdrop for higher
prices. In addition to that, the Vix made back-to-back new
52 week lows on Tuesday and Wednesday. If the Vix reverses
and closes up on Thursday it could give a number of sell
signals.

That said, the market really hasn't done anything wrong just
yet, and still has an outside chance to rally towards the
1141-1143 area on the ES. It looks like the upside should be
okay as long as the 1131.50-1130.75 area is defended, along
with the 10560 level on the Dow cash. If those areas are not
held, or quickly reversed if broken, then the bounces are
not likely going to stick. In fact, if the market does put
together a rally but it stalls out in new high ground, it
should set up at least a scalp on the short side the way the
market has been acting.

We get the Initial Claims before the open on Thursday, and
on Friday we get the Employment data before the open, so
another two-sided day is expected. The short side should
give the "easier" opportunities if there is a pop to around
the Wednesday highs, or a bit higher. On a pullback, expect
a bounce to occur unless the initial support areas are
broken and not quickly reversed.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1135.50
1136.50-1137.00
1141.00-1143.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1131.50-1130.75
1128.00
1126.00-1125.00
1122.00-1121.25


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1890.25
1894.00-1894.50
1900.50-1904.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1873.25-1872.25
1869.25
1864.50-1864.00
1858.50-1857.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10544
10554-10558
10611-10616


March 2010 Dow futures support
symbols: emini = ymh0

10494-10490
10478
10461-10455
10425-10421

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2010 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)

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: 12/23/09

HOW OUR DAY WENT:

The pop over 1115.25-1116.00 area on
the ES was reversed and a drop to 1111.25 followed. That
1115.25-1116.00 area should be pivotal today.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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)

Today's Trading Recap: 12/18/09

HOW OUR DAY WENT:

The early strength was reversed at the
1099.00 level on the ES - right at the 1098.50-1099.00
resistance zone - and then dropped 10.50 points to 1088.50,
just 2 ticks over the 1088.00-1087.00 support/ target.
That set up a reversal pattern and the ES rallied to
1096.50 updated resistance. A pullback then held our
updated 1093.00 support and reversed and rallied into
the close.

Good Trading,
Mike Reed

Today's Trading Recap: 12/16/09

HOW OUR DAY WENT:

The market was dull and narrowly traded
in front of the Fed release. There was an up-down-up type
of pattern after the release, and in an instant message
members were told:

(Dec 16-14:26) mike: a pop tp 1109.00-1100.50 tht [s]talls
is a short

The ES bounced off 1106.50 to 1109.25 and then stalled,
setting up a good short for the group. We locked in part
of the position at 1108.00, and then the target was at
1104.75 was met on the way to a 1103.00 low, right at the
1103.00-1102.50 support zone.

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

Good Trading,
Mike Reed
TradeStalker.com

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)

TradeStalker's RBI Update 12/15/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 15 / 2009

(Published Since 1996)

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

Dateline: 7:46 pm eastern time, 12/15/2009

The ES dropped to 1103.25 in the first 25 minutes of trading
on Tuesday and turned back up. That was at the second
support area at 1104.00-1103.50, and a rally to the 1109.50-
1110.25 resistance zone followed. The reversal there set up
a short, and the ES drifted down to 1104.00 support before
bouncing. However, the bounce couldn't clear the 1106.50-
1107.00 updated resistance area (1106.25 bounce high) and it
turned the ES back down. A drop of 6.00 points to 1100.25
followed, as the 1100.50-1099.75 zone was tested before a
bounce into the close.

On Tuesday the ES made its high at a good resistance zone,
and then in the last 15 minutes of stock trading it made a
low at a good support zone. The pullback put all of the
indicators back into neutral territory, backing out of short
term overbought levels with Tuesday's pullback. That should
make Tuesday's range important on the short term. If the low
areas from Tuesday are not held, then things could be
changing and a trip to the bottom of this range could then
be in the cards. If the highs from Tuesday are exceeded, and
not quickly reversed, then a breakout of the range on the
upside could occur.

We get the Fed decision on interest rate policy on Wednesday
at 2:15 pm. as long as the ES can hold the 1100.50-1099.75
area on an early pullback, then the market could rally into
the release. If there is a reversal from under the initial
resistance levels in the opening minutes of trading, then we
should see a quick, tradable, drop to test the Tuesday lows.
A reversal from near the 1100.50 level would then set up a
trade on the long side if it occurs in the first 40 minutes
of trading. If instead there is an early rally towards the
Tuesday high at the 1109.50-1110.25 area on the ES, and the
move stalls or is rejected, it should set up another
reversal.

Aside from that, if there is a trending move into the
release, the move is usually reversed around 2 pm or so.
After the Fed release, expect a quick back and forth move
(don't be surprised if it's bigger than a 6 point range as
we have been getting) and then after about 20 minutes a
trend should begin. That should make for a nice ride if the
timing is right. If there is a run up, beware of a reversal
when upside momentum fizzles. On a sharp drop, a reversal
back over the high of a low bar (2 or 5 minute chart) can
start a decent run up. If the market is not moving too fast,
I'll try to update in the Instant Messenger.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1106.00
1109.50-1110.25
1114.00-1115.00
1118.50-1119.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1103.00-1102.50
1100.50-1099.75
1096.00-1094.75
1088.00-1087.00


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1802.50
1807.75-1808.50
1812.50-1813.25
1822.00-1823.00


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1794.50-1794.00
1790.50-1789.50
1784.25-1782.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10416
10435-10438
10469-10473
10522-10528


March 2010 Dow futures support
symbols: emini = ymh0

10386-10381
10369-10365
10354-10350

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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

TradeStalker's RBI Update 12/14/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 14 / 2009

(Published Since 1996)

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

Dateline: 6:26 pm eastern time, 12/14/2009

A gap up open was sold at the 1108.50-1109.00 resistance
zone on Monday, and after locking in partial profits at
1105.50 I sent an instant message saying:

(Dec 14-10:05) Mike: 1104.00 a better support,
symmetry there

That was our 2nd target, and the ES reached 1104.00 exactly
before bouncing back. With that for a first hour low the
market crept higher into early afternoon. The ES reversed
from 1110.25, then broke the channel that had formed. A
bounce then to 1108.75 was reversed and a drop to 1106.50
was turned back up. The market spent the rest of the day
churning and ended the day about in the middle of the tiny
daily ranges.

We get the PPI before the open on Tuesday. The SP500 cash
made a new high close for the move, so there must be instant
follow through buying if the market is going to break out of
this range on the upside. A break and hold over the 1109.50-
1110.25 area on the ES is needed for that to occur. However,
the market has reached a short term overbought status, and
any kind of breakout / break down is probably on hold until
Wednesday's Fed release.

On Tuesday look for early strength to be sold, unless the
initial resistance areas are exceeded and not quickly
reversed. If that plays out for a trade on the short side,
and then there is a decent pullback, then that should set up
a buying opportunity if the ES tests the 1104.00-1103.50
area and then turns back up. If that area is not held, or
quickly reversed, then the 1100.50-1099.75 area is key
support on Tuesday. If tested, the move needs to quickly
reverse to avoid potential trouble and maybe another trip to
the bottom of this range.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1109.50-1110.25
1114.00-1115.00
1118.50-1119.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1106.50-1106.00
1104.00-1103.50
1100.50-1099.75
1096.00-1094.75


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1808.50-1809.00
1815.50-1816.25
1822.00-1823.00


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1802.00-1800.75
1798.50-1797.25
1793.50-1792.50
1787.00-1786.00


March 2010 Dow futures resistance
symbols: emini = ymh0

10451-10456
10512-10518
10547-10552


March 2010 Dow futures support
symbols: emini = ymh0

10424-10421
10412-10410
10397-10394
10354-10350

During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.

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: 12/14/09

HOW OUR DAY WENT:

A gap up open was sold at the 1108.50-
1109.00 resistance zone on Monday, and after locking in
partial profits at 1105.50 I told members:

(Dec 14-10:05) mike: 1104.00 a better support, symmetry
there

That was our 2nd target, and the ES reached 1104.00 exactly
before bouncing back.

Good Trading,
Mike Reed
TradeStalker.com