Hi Everybody,
Saturday's Webinar on How to Use the VIX was recorded.
To access the recording, just go to the link below. On that
page you will see a peach colored button that reads,
"Webinar: How to Use the VIX".
http://www.tradestalker.com/free-day-trading-videos.htm
If you have any questions, as always, please feel free to
contact us.
Enjoy your evening!
Julie
TradeStalker.com
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)
Showing posts with label Mike Reed. Show all posts
Showing posts with label Mike Reed. Show all posts
Tuesday, July 27, 2010
Friday, July 23, 2010
Free $VIX Webinar: Tomorrow, Saturday-July 24th
Important Reminder...
Webinar Tomorrow - Saturday, July 24th 11:00am-12:00pm EST
Mike will be talking about how to use, and not use the VIX.
Mike will discuss how he uses the VIX for timing bigger
picture swing trades/ or a "heads up" for a trend reversal.
Space is limited, so get registered today!
https://www2.gotomeeting.com/register/155571538
To Your Success,
Julie
TradeStalker.com
This publication's primary focus is trading the index
futures ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Webinar Tomorrow - Saturday, July 24th 11:00am-12:00pm EST
Mike will be talking about how to use, and not use the VIX.
Mike will discuss how he uses the VIX for timing bigger
picture swing trades/ or a "heads up" for a trend reversal.
Space is limited, so get registered today!
https://www2.gotomeeting.com/register/155571538
To Your Success,
Julie
TradeStalker.com
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)
Thursday, April 22, 2010
TradeStalker's RBI Update 04/21/10
.................................................
TradeStalker's
R.B.I. Trader's Update
4 / 21 / 2010
(Published Since 1996)
...............................................
Dateline: 6:59 pm eastern time, 4/21/2010
We came into the day looking to get short if we had early
strength, and especially if the 1207.50-1208.50 zone on the
ES and the 2037.75-2038.25 on the NQ were reached. The ES
bounced to 1207.50 and the NQ reached 2037.75 and with
direct hits on key resistance the market reversed 30 minutes
into trading. A bounce off of 1202.25 was feeble, and from
1206.00 they broke that 1202 key support and dropped to
1198.25 before noon. The ES bounced back to updated
resistance at 1204.50-1205.00, then dropped again. Bottom
wasn't found until 90 minutes left, but with stocks closing
on an upswing, the futures headed down again into the close.
The technicals continue to get worse, despite a higher close
by all the indexes but the SP500. Also, the price action is
not able to stick. The break of the 1202 level changed the
market's character to bearish on Wednesday. Also, the back
and forth action gave one Vix Sell signal on Wednesday.
The after the close earnings has the market trading lower as
this is typed. The market will be a short on bounces, even
though there should be some rally attempts. We'll see about
that intraday on Thursday. This appears to be the start of
something bigger, and if we don't see signs of capitulation
(like the last one day drop) then it could carry on for more
than just a day or so.
We get the PPI before the open on Thursday, and then
Existing Home Sales 30 minutes into the day. Lately all of
the sell-offs have been reversed, and probably will be again
on Thursday. If there is an early drop, a counter trend
bounce should occur as shorts take profits. Then, the first
decent bounce should set up a better odds shorting
opportunity. It will probably be better to wait for the
first bounce to fizzle out to get short, rather than get too
involved on the long side up here. If there is a bounce back
that stalls/ reverses from around the initial resistance
zones, then that should be sold if the downside is going to
stay intact.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1202.50-1203.00
1205.00
1207.50-1208.50
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1195.00
1194.00-1193.50
1188.50-1188.00
1182.75-1182.00
1178.00-1177.50
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
2029.50-2030.00
2033.75
2037.75-2038.50
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
2019.25
2018.25-2017.50
2007.50-2007.00
1998.50-1997.75
1993.50-1992.50
June 2010 Dow futures resistance
symbols: emini = ymm0
11071-11074
11086
11097-11101
June 2010 Dow futures support
symbols: emini = ymm0
11017
11000-10996
10963-10959
10918-10914
10886-10882
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
R.B.I. Trader's Update
4 / 21 / 2010
(Published Since 1996)
...............................................
Dateline: 6:59 pm eastern time, 4/21/2010
We came into the day looking to get short if we had early
strength, and especially if the 1207.50-1208.50 zone on the
ES and the 2037.75-2038.25 on the NQ were reached. The ES
bounced to 1207.50 and the NQ reached 2037.75 and with
direct hits on key resistance the market reversed 30 minutes
into trading. A bounce off of 1202.25 was feeble, and from
1206.00 they broke that 1202 key support and dropped to
1198.25 before noon. The ES bounced back to updated
resistance at 1204.50-1205.00, then dropped again. Bottom
wasn't found until 90 minutes left, but with stocks closing
on an upswing, the futures headed down again into the close.
The technicals continue to get worse, despite a higher close
by all the indexes but the SP500. Also, the price action is
not able to stick. The break of the 1202 level changed the
market's character to bearish on Wednesday. Also, the back
and forth action gave one Vix Sell signal on Wednesday.
The after the close earnings has the market trading lower as
this is typed. The market will be a short on bounces, even
though there should be some rally attempts. We'll see about
that intraday on Thursday. This appears to be the start of
something bigger, and if we don't see signs of capitulation
(like the last one day drop) then it could carry on for more
than just a day or so.
We get the PPI before the open on Thursday, and then
Existing Home Sales 30 minutes into the day. Lately all of
the sell-offs have been reversed, and probably will be again
on Thursday. If there is an early drop, a counter trend
bounce should occur as shorts take profits. Then, the first
decent bounce should set up a better odds shorting
opportunity. It will probably be better to wait for the
first bounce to fizzle out to get short, rather than get too
involved on the long side up here. If there is a bounce back
that stalls/ reverses from around the initial resistance
zones, then that should be sold if the downside is going to
stay intact.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1202.50-1203.00
1205.00
1207.50-1208.50
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1195.00
1194.00-1193.50
1188.50-1188.00
1182.75-1182.00
1178.00-1177.50
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
2029.50-2030.00
2033.75
2037.75-2038.50
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
2019.25
2018.25-2017.50
2007.50-2007.00
1998.50-1997.75
1993.50-1992.50
June 2010 Dow futures resistance
symbols: emini = ymm0
11071-11074
11086
11097-11101
June 2010 Dow futures support
symbols: emini = ymm0
11017
11000-10996
10963-10959
10918-10914
10886-10882
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.
*************************************************
Wednesday, April 21, 2010
TradeStalker's RBI Update 04/20/10
.................................................
TradeStalker's
R.B.I. Trader's Update
4 / 20 / 2010
(Published Since 1996)
...............................................
Dateline: 6:25 pm eastern time, 4/20/2010
The gap up open was sold on Tuesday, then the first pullback
held just over the Monday high of 1196.50. After tagging
1197.00 3 times, the market turned back up about an hour
into the trading day. The rally stopped after a poke over
1204.50 resistance was rejected, but the 1202 level was
quickly reversed and a move up made a double top at
resistance. That gave a small pullback to 1202.00 support,
and the futures closed at their highs while stocks dropped
into the close.
There was a gap left on the daily chart at 1196.50 on
Tuesday. After the close, the futures are higher on Apple's
earnings and another gap up will occur if the market opens
higher on Wednesday. Odds of the gap filling on the daily
chart are very good on Wednesday, so if there is early
strength it should offer a nice shorting opportunity as soon
as the upside stalls out (especially if that's from the
1207.50-1208.50 area). That should happen within the first
40 minutes at the latest.
Then, as long as a pullback holds the 1202.00-1201.50 area,
the upside should remain intact. If shorting early strength
plays out, and a pullback turns up from near the 1202.00-
1201.50 area (or higher) around 90 minutes into the day,
then it could be a low and start a good rally. However, if
that 1202.00-1201.50 area is broken, then the market
character is changing and it should have a hard time
recovering so the bounces would turn into shorting
opportunities.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1207.50-1208.50 **key early
1210.50-1212.00
1217.50-1218.00
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1202.00-1201.50 **must hold
1197.00-1196.50
1194.00-1193.50
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
2037.75-2038.25 **key early
2040.50-2041.50
2048.75-2049.50
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
2019.50-2018.75 **must hold
2008.00-2007.00
2000.25-1999.50
June 2010 Dow futures resistance
symbols: emini = ymm0
11090-11094 **key early
11128-11134
11162-11168
June 2010 Dow futures support
symbols: emini = ymm0
11058-11055 **must hold
11027-11023
11000-10996
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
R.B.I. Trader's Update
4 / 20 / 2010
(Published Since 1996)
...............................................
Dateline: 6:25 pm eastern time, 4/20/2010
The gap up open was sold on Tuesday, then the first pullback
held just over the Monday high of 1196.50. After tagging
1197.00 3 times, the market turned back up about an hour
into the trading day. The rally stopped after a poke over
1204.50 resistance was rejected, but the 1202 level was
quickly reversed and a move up made a double top at
resistance. That gave a small pullback to 1202.00 support,
and the futures closed at their highs while stocks dropped
into the close.
There was a gap left on the daily chart at 1196.50 on
Tuesday. After the close, the futures are higher on Apple's
earnings and another gap up will occur if the market opens
higher on Wednesday. Odds of the gap filling on the daily
chart are very good on Wednesday, so if there is early
strength it should offer a nice shorting opportunity as soon
as the upside stalls out (especially if that's from the
1207.50-1208.50 area). That should happen within the first
40 minutes at the latest.
Then, as long as a pullback holds the 1202.00-1201.50 area,
the upside should remain intact. If shorting early strength
plays out, and a pullback turns up from near the 1202.00-
1201.50 area (or higher) around 90 minutes into the day,
then it could be a low and start a good rally. However, if
that 1202.00-1201.50 area is broken, then the market
character is changing and it should have a hard time
recovering so the bounces would turn into shorting
opportunities.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1207.50-1208.50 **key early
1210.50-1212.00
1217.50-1218.00
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1202.00-1201.50 **must hold
1197.00-1196.50
1194.00-1193.50
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
2037.75-2038.25 **key early
2040.50-2041.50
2048.75-2049.50
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
2019.50-2018.75 **must hold
2008.00-2007.00
2000.25-1999.50
June 2010 Dow futures resistance
symbols: emini = ymm0
11090-11094 **key early
11128-11134
11162-11168
June 2010 Dow futures support
symbols: emini = ymm0
11058-11055 **must hold
11027-11023
11000-10996
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.
*************************************************
Tuesday, April 13, 2010
TradeStalker's RBI Update 04/12/10
.................................................
TradeStalker's
R.B.I. Trader's Update
4 / 12 / 2010
(Published Since 1996)
...............................................
Dateline: 6:12 pm eastern time, 4/12/2010
On Monday morning we had a perfect set-up per the Sunday
night update. As stated:
"...early strength on Monday should set up a very good
shorting opportunity as soon as the move stalls/
reverses, and that could occur from the 1194.25-1195.00
zone."
The ES popped up to 1194.75 in the first 20 minutes,
stalled, then dropped 4 points to 1190.75. Per usual of
late, buyers stepped in and the market bounced, but it had
no gusto and shorts offered the better opportunity late day.
The ES dropped to 1191.00 and bounced feebly back to 1193.50
after stocks closed while the NQ was sold into the close.
On Sunday night the ES shot up to the 1198.50 resistance,
and then dropped until just before stocks opened on Monday.
The market wasn't as lively during regular trading hours as
the ES had just a 5 point range on Monday. The Vix made a
gap down on Monday, and if it goes back over 16 some sell
signals will be given.
On Tuesday, as long as the 1191 level on the ES holds, the
market will avoid trouble. Just don't expect much on the
upside. If the 1198.50-1199.50 area on the ES is tested,
beware of a good sized reversal.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1195.00-1195.50
1198.50-1199.50
1202.00-1204.00
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1191.50-1191.00
1188.50-1188.00
1185.00-1184.50 **key
1182.25-1182.00 **S.T.Major
1178.00-1177.50
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1997.25-1998.00
2001.50-2002.50
2007.50-2008.50
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1990.50-1989.50
1986.50-1985.75
1982.00-1981.25 **key
1977.75-1977.00 **S.T.Major
June 2010 Dow futures resistance
symbols: emini = ymm0
10972-10976
11001-11006
11041-11045
June 2010 Dow futures support
symbols: emini = ymm0
10941-10938
10922-10917
10896-10892 **key
10881-10879 **S.T.Major
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
R.B.I. Trader's Update
4 / 12 / 2010
(Published Since 1996)
...............................................
Dateline: 6:12 pm eastern time, 4/12/2010
On Monday morning we had a perfect set-up per the Sunday
night update. As stated:
"...early strength on Monday should set up a very good
shorting opportunity as soon as the move stalls/
reverses, and that could occur from the 1194.25-1195.00
zone."
The ES popped up to 1194.75 in the first 20 minutes,
stalled, then dropped 4 points to 1190.75. Per usual of
late, buyers stepped in and the market bounced, but it had
no gusto and shorts offered the better opportunity late day.
The ES dropped to 1191.00 and bounced feebly back to 1193.50
after stocks closed while the NQ was sold into the close.
On Sunday night the ES shot up to the 1198.50 resistance,
and then dropped until just before stocks opened on Monday.
The market wasn't as lively during regular trading hours as
the ES had just a 5 point range on Monday. The Vix made a
gap down on Monday, and if it goes back over 16 some sell
signals will be given.
On Tuesday, as long as the 1191 level on the ES holds, the
market will avoid trouble. Just don't expect much on the
upside. If the 1198.50-1199.50 area on the ES is tested,
beware of a good sized reversal.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1195.00-1195.50
1198.50-1199.50
1202.00-1204.00
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1191.50-1191.00
1188.50-1188.00
1185.00-1184.50 **key
1182.25-1182.00 **S.T.Major
1178.00-1177.50
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1997.25-1998.00
2001.50-2002.50
2007.50-2008.50
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1990.50-1989.50
1986.50-1985.75
1982.00-1981.25 **key
1977.75-1977.00 **S.T.Major
June 2010 Dow futures resistance
symbols: emini = ymm0
10972-10976
11001-11006
11041-11045
June 2010 Dow futures support
symbols: emini = ymm0
10941-10938
10922-10917
10896-10892 **key
10881-10879 **S.T.Major
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.
*************************************************
Monday, April 12, 2010
TradeStalker's RBI Update 04/11/10
.................................................
TradeStalker's
R.B.I. Trader's Update
4 / 11 / 2010
(Published Since 1996)
...............................................
Dateline: 5:28 pm eastern time, 4/11/2010
The market started last week with a rally and the ES reached
1188.00 by Tuesday afternoon. From there, a volatile selloff
occurred into Thursday morning. The ES dropped down to
1171.00, then put together a trend up day until backing off
from 1185.00. On Friday the ES rallied to 1188.25 in the
first 35 minutes (in the 1188.00-1189.00 resistance zone),
then dropped to 1183.00 (just over the 1182.50-1182.00
initial support) about an hour into the day and it turned
back up. That move failed at 1188.75 and after a little
double top reversed the ES dropped and made a better double
bottom at 1185.00. In the last 30 minutes the ES broke and
held 1188.00 and caused a short squeeze that took the market
to new highs for the year across the board.
The market continues to hang in there and rally back after
the downside settles down. The move on Friday afternoon was
a bit parabolic, so early strength on Monday should set up a
very good shorting opportunity as soon as the move stalls/
reverses, and that could occur from the 1194.25-1195.00
zone. If that plays out, then a pullback should hold and
reverse back up from the 1188.50-1188.00 area on the ES and
the 1986.50-1985.75 area on the NQ, otherwise the move could
be too far to turn the market back up.
If the market continues to be strong and rallies through the
1194.25-1195.00 zone and doesn't reverse, but instead stays
over that area on a dip, then we could see the melt-up carry
towards the 1202.00-1204.00 area on the ES before a
rejection of the trend. If the market clears that area, and
does not reverse, then odds are decent that this is that one
last move up towards 1229 on the SP500 cash, and around the
1225 area on the ES, before this move runs out of gas and a
decent correction, or worse, begins.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1193.00
1194.25-1195.00
1198.50-1199.50
1202.00-1204.00
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1191.50
1188.50-1188.00
1185.00-1184.50 **key
1182.25-1182.00 **S.T.Major
1178.00-1177.50
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1992.75
1994.40-1995.00
1999.50-2000.50
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1990.50
1986.50-1985.75
1982.00-1981.25 **key
1977.75-1977.00 **S.T.Major
1973.50-1973.00
June 2010 Dow futures resistance
symbols: emini = ymm0
10956
10968-10973
11001-11006
June 2010 Dow futures support
symbols: emini = ymm0
10942
10922-10917
10896-10892 **key
10881-10879 **S.T.Major
10856-10851
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
R.B.I. Trader's Update
4 / 11 / 2010
(Published Since 1996)
...............................................
Dateline: 5:28 pm eastern time, 4/11/2010
The market started last week with a rally and the ES reached
1188.00 by Tuesday afternoon. From there, a volatile selloff
occurred into Thursday morning. The ES dropped down to
1171.00, then put together a trend up day until backing off
from 1185.00. On Friday the ES rallied to 1188.25 in the
first 35 minutes (in the 1188.00-1189.00 resistance zone),
then dropped to 1183.00 (just over the 1182.50-1182.00
initial support) about an hour into the day and it turned
back up. That move failed at 1188.75 and after a little
double top reversed the ES dropped and made a better double
bottom at 1185.00. In the last 30 minutes the ES broke and
held 1188.00 and caused a short squeeze that took the market
to new highs for the year across the board.
The market continues to hang in there and rally back after
the downside settles down. The move on Friday afternoon was
a bit parabolic, so early strength on Monday should set up a
very good shorting opportunity as soon as the move stalls/
reverses, and that could occur from the 1194.25-1195.00
zone. If that plays out, then a pullback should hold and
reverse back up from the 1188.50-1188.00 area on the ES and
the 1986.50-1985.75 area on the NQ, otherwise the move could
be too far to turn the market back up.
If the market continues to be strong and rallies through the
1194.25-1195.00 zone and doesn't reverse, but instead stays
over that area on a dip, then we could see the melt-up carry
towards the 1202.00-1204.00 area on the ES before a
rejection of the trend. If the market clears that area, and
does not reverse, then odds are decent that this is that one
last move up towards 1229 on the SP500 cash, and around the
1225 area on the ES, before this move runs out of gas and a
decent correction, or worse, begins.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1193.00
1194.25-1195.00
1198.50-1199.50
1202.00-1204.00
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1191.50
1188.50-1188.00
1185.00-1184.50 **key
1182.25-1182.00 **S.T.Major
1178.00-1177.50
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1992.75
1994.40-1995.00
1999.50-2000.50
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1990.50
1986.50-1985.75
1982.00-1981.25 **key
1977.75-1977.00 **S.T.Major
1973.50-1973.00
June 2010 Dow futures resistance
symbols: emini = ymm0
10956
10968-10973
11001-11006
June 2010 Dow futures support
symbols: emini = ymm0
10942
10922-10917
10896-10892 **key
10881-10879 **S.T.Major
10856-10851
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.
*************************************************
Tuesday, April 06, 2010
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
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 ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 04/05/10
HOW OUR DAY WENT:
The gap up open was sold on Monday and
the ES dropped 4 points from 1178.50 to 1174.50 (right at
the 1174.75-1174.00 support zone) and turned right back up.
That lead to a good rally, as the ES made a new high for the
year at 1183.75 about 90 minutes into the trading day. That
turned into the top of a narrow 2.75 point range between that
1183.75 high on top and 1181.00 on the bottom as the market
traded sideways after the first 90 minutes of trading.
CLICK HERE FOR FREE TRADING VIDEOS!
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
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.
CLICK HERE FOR FREE TRADING VIDEOS!
Good Trading,
Mike Reed
TradeStalker.com
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)
Thursday, April 01, 2010
TradeStalker's RBI Update 03/31/10
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 31 / 2010
(Published Since 1996)
...............................................
Dateline: 6:56 pm eastern time, 3/31/2010
A lower open was bought on Wednesday, but the bounce didn't
stick and the ES dropped from 1167.00 to 1161.25 in the
first 25 minutes of trading. The move then reversed back up,
and the ES rallied back to 1170.50 before pulling back. A
bounce back to 1170.50 was rejected again, and then a 1-2-3
top formed and the market headed lower in a hurry. The
market dropped to test the early lows then reversed with 15
minutes left in stock trading (30 left for the futures) and
rallied back into the close. The settlement price is because
of the stupid "quarterly settlement at fair value".
NOTE: There will be intraday updates on Thursday,
but the next nightly update will be sent on Sunday
night. We wish you a great Easter Day weekend.
Travel safely.
The market has been acting toppy, but buyers step in at the
bottom of the current range and run the market up. The
action on Thursday should be choppy in front of the
Employment numbers that come out on Friday morning. The
expectations for a "good" number are high, so it must not
disappoint or the market might not let stock owners out
gracefully.
In any case, the rally from the lows in the last 15 minutes
of stock trading kept the market in a trading range, and
also left a "W" bottom on the charts. The market is bullish
unless those lows are broken, and then not easily or quickly
reversed. The 1170 area has been reversal territory lately,
but if the 1170.50-1171.00 zone on the ES is not rejected,
then we could see the 1176.00-1176.50 zone tested one more
time before a reversal. So, the first big hurdle would be
getting over the 1170.50-1171.00 zone and holding. Another
failure there could be a set up for a sharp drop.
If the market gets over that zone and holds it, then the
1176.00-1176.50 zone could be in the cards. If the market
gets there and does *not* reverse, then a surprise move back
towards the 1225-1230 area might be possible IF the market
goes into a melt-up mode. Given how anxious the market acted
while it was briefly above the 1170 level, that kind of move
would be a huge surprise. A reversal from near the old high
at 1176 appears to be better odds if the market gets there.
The Employment number is on Friday and the support/
resistance tables expand beyond the current range in case
that breaks the market out of this range.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1168.00-1168.50
1170.50-1171.00 **range high
1173.25-1173.75
1176.00-1176.50 **major
1181.50-1182.50
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1165.50
1163.00-1162.50 **range low
1159.50-1157.75
1156.50-1155.75
1152.00-1151.50
1148.50-1147.75 **major
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1961.75-1962.50
1967.00-1967.50 **range high
1971.50-1972.50
1976.75-1977.25 **major
1982.00-1983.00
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1955.50
1952.50-1951.50 **range low
1944.25-1942.50
1939.25-1938.50
1934.25-1933.50
1924.25-1922.25 **major
June 2010 Dow futures resistance
symbols: emini = ymm0
10825-10828
10843-10846
10875-10879
10894-10898
10922-10925
June 2010 Dow futures support
symbols: emini = ymm0
10800
10775-10771 **range low
10753-10747
10738-10732
10697-10694
10638-10633 **major
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
R.B.I. Trader's Update
3 / 31 / 2010
(Published Since 1996)
...............................................
Dateline: 6:56 pm eastern time, 3/31/2010
A lower open was bought on Wednesday, but the bounce didn't
stick and the ES dropped from 1167.00 to 1161.25 in the
first 25 minutes of trading. The move then reversed back up,
and the ES rallied back to 1170.50 before pulling back. A
bounce back to 1170.50 was rejected again, and then a 1-2-3
top formed and the market headed lower in a hurry. The
market dropped to test the early lows then reversed with 15
minutes left in stock trading (30 left for the futures) and
rallied back into the close. The settlement price is because
of the stupid "quarterly settlement at fair value".
NOTE: There will be intraday updates on Thursday,
but the next nightly update will be sent on Sunday
night. We wish you a great Easter Day weekend.
Travel safely.
The market has been acting toppy, but buyers step in at the
bottom of the current range and run the market up. The
action on Thursday should be choppy in front of the
Employment numbers that come out on Friday morning. The
expectations for a "good" number are high, so it must not
disappoint or the market might not let stock owners out
gracefully.
In any case, the rally from the lows in the last 15 minutes
of stock trading kept the market in a trading range, and
also left a "W" bottom on the charts. The market is bullish
unless those lows are broken, and then not easily or quickly
reversed. The 1170 area has been reversal territory lately,
but if the 1170.50-1171.00 zone on the ES is not rejected,
then we could see the 1176.00-1176.50 zone tested one more
time before a reversal. So, the first big hurdle would be
getting over the 1170.50-1171.00 zone and holding. Another
failure there could be a set up for a sharp drop.
If the market gets over that zone and holds it, then the
1176.00-1176.50 zone could be in the cards. If the market
gets there and does *not* reverse, then a surprise move back
towards the 1225-1230 area might be possible IF the market
goes into a melt-up mode. Given how anxious the market acted
while it was briefly above the 1170 level, that kind of move
would be a huge surprise. A reversal from near the old high
at 1176 appears to be better odds if the market gets there.
The Employment number is on Friday and the support/
resistance tables expand beyond the current range in case
that breaks the market out of this range.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1168.00-1168.50
1170.50-1171.00 **range high
1173.25-1173.75
1176.00-1176.50 **major
1181.50-1182.50
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1165.50
1163.00-1162.50 **range low
1159.50-1157.75
1156.50-1155.75
1152.00-1151.50
1148.50-1147.75 **major
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1961.75-1962.50
1967.00-1967.50 **range high
1971.50-1972.50
1976.75-1977.25 **major
1982.00-1983.00
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1955.50
1952.50-1951.50 **range low
1944.25-1942.50
1939.25-1938.50
1934.25-1933.50
1924.25-1922.25 **major
June 2010 Dow futures resistance
symbols: emini = ymm0
10825-10828
10843-10846
10875-10879
10894-10898
10922-10925
June 2010 Dow futures support
symbols: emini = ymm0
10800
10775-10771 **range low
10753-10747
10738-10732
10697-10694
10638-10633 **major
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.
*************************************************
Wednesday, March 31, 2010
TradeStalker's RBI Update 03/30/10
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 30 / 2010
(Published Since 1996)
...............................................
Dateline: 6:36 pm eastern time, 3/30/2010
It looked like the market could make a run up to test the
recent highs early on Tuesday, and the averages all rallied
to within a few points of those highs in the first half
hour. Then the move stalled, reversed, and sold off 9.50
points on the ES and 19.75 points on the NQ. The 1164.25 low
was just over the 1163.75-1163.00 **key support and kept the
market from falling apart. The market managed to work its
way back towards the highs, then pulled back into the close.
The market is still spinning its wheels up at these levels,
but the ES so far has refused to stay over the 1170 level
for very long. At this juncture, with the upside looking
like it is very limited, the focus will be on selling the
bounces that are showing rejection, like the 1171.00 level
late on Tuesday. Then, if the market obliges and pulls back,
take partial profits and trail a stop on the rest as the
market can come under pressure at any time now. If the
market shows signs of turning back up from near the 10880
area on the Dow cash, then no harm is done. However, if that
level on the Dow and the 1166 area on the ES is tested/
broken and not quickly reversed, then it's more than a
pullback and the downside could finally begin to unwind.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1171.00-1171.50
1173.25-1173.75
1176.50-1177.00
1181.50-1182.50
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1168.50
1166.00
1163.75-1163.00
1159.50-1157.75
1156.50-1155.75
1148.50-1147.75
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1967.50-1968.00
1971.50-1972.50
1976.75-1977.25
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1963.75
1958.00
1952.25-1950.75
1944.25-1942.50
1939.25-1938.50
June 2010 Dow futures resistance
symbols: emini = ymm0
10862-10865
10875-10879
10889-10894
June 2010 Dow futures support
symbols: emini = ymm0
10846
10819
10801-10798
10771-10766
10753-10747
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
R.B.I. Trader's Update
3 / 30 / 2010
(Published Since 1996)
...............................................
Dateline: 6:36 pm eastern time, 3/30/2010
It looked like the market could make a run up to test the
recent highs early on Tuesday, and the averages all rallied
to within a few points of those highs in the first half
hour. Then the move stalled, reversed, and sold off 9.50
points on the ES and 19.75 points on the NQ. The 1164.25 low
was just over the 1163.75-1163.00 **key support and kept the
market from falling apart. The market managed to work its
way back towards the highs, then pulled back into the close.
The market is still spinning its wheels up at these levels,
but the ES so far has refused to stay over the 1170 level
for very long. At this juncture, with the upside looking
like it is very limited, the focus will be on selling the
bounces that are showing rejection, like the 1171.00 level
late on Tuesday. Then, if the market obliges and pulls back,
take partial profits and trail a stop on the rest as the
market can come under pressure at any time now. If the
market shows signs of turning back up from near the 10880
area on the Dow cash, then no harm is done. However, if that
level on the Dow and the 1166 area on the ES is tested/
broken and not quickly reversed, then it's more than a
pullback and the downside could finally begin to unwind.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1171.00-1171.50
1173.25-1173.75
1176.50-1177.00
1181.50-1182.50
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1168.50
1166.00
1163.75-1163.00
1159.50-1157.75
1156.50-1155.75
1148.50-1147.75
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1967.50-1968.00
1971.50-1972.50
1976.75-1977.25
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1963.75
1958.00
1952.25-1950.75
1944.25-1942.50
1939.25-1938.50
June 2010 Dow futures resistance
symbols: emini = ymm0
10862-10865
10875-10879
10889-10894
June 2010 Dow futures support
symbols: emini = ymm0
10846
10819
10801-10798
10771-10766
10753-10747
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.
*************************************************
Tuesday, March 16, 2010
TradeStalker's RBI Update 03/15/10
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 15 / 2010
(Published Since 1996)
...............................................
Dateline: 6:58 pm eastern time, 3/15/2010
The early action was almost according to script from last
night's update. The key 1142 level on the ES was barely
broken (by 1 tick) shortly after stocks opened, then it
popped up to 1145.50 before a sharp reversal. That was just
over the 1145 area, and I felt the move would reverse from
under 1145, so that was an official miss by half of a point.
In any case, after a drop to 1136.50, the market got footing
and 1139 turned pivotal. The break/ hold was over that level
was bullish but the bounce failed at 1140.75. The pullback
off of that level reversed back up from 1138.25 with 90
minutes left, and by breaking and then holding at 1143.50
level, it gave us that "long shot" run-up to 1146.50-1147.00
resistance by the close.
This market is amazingly resilient. Again, with the market
on verge of a break-down, strong buying / short covering
came in late Monday and lifted the SP500 and Dow cash
indexes back into the plus column. For the most part, the
short term internal gauges are now in neutral territory, but
not confirming the new cycle high close on Monday.
On Tuesday we get the Fed decision on interest rate policy
at 2:15pm eastern time. If the market opens higher, it
should set up a good shorting opportunity for a pullback
towards the initial support areas. Those area should be held
if the trends are going to point higher. If those are not
held, then a drop to the 1138.50-1138.00 area on the ES
would be a key support area, and would need to be quickly
turned back up to avoid trouble.
On the other side of the coin, if the market opens lower on
Tuesday, that move would need to be reversed in the first 30
minutes or so if the market is going to avoid trouble. If
that occurs and the ES can get over the initial resistance
areas on the rebound, then a test of the 1149.75-1150.50
area could be in the cards. If there is another reversal
back down from that area, it could be the start of a sizable
correction.
Finally, if there is a trend-up or trend-down move into
around 2pm on Fed day, then expect that move to be reversed.
In addition, whether we get that pre-release action or not,
after the release there usually is a down-up-down (or vise
versa) move that occurs in the first 20 minutes or so after
the release. After that is over, then the market should find
a direction and go with that into the last 15 minutes or so.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1146.50-1147.00
1149.75-1150.50
1154.25-1154.75
1158.50-1159.00
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1143.25-1143.00
1141.00-1140.50
1138.50-1138.00
1136.50
1134.50-1134.00
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1918.50-1919.50
1923.50-1924.25
1927.50-1928.25
1934.75-1935.25
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1915.00-1914.25
1909.75-1908.50
1904.75-1903.75
1900.50
1898.00-1897.00
June 2010 Dow futures resistance
symbols: emini = ymm0
10583-10588
10607-10612
10643-10647
10680-10685
June 2010 Dow futures support
symbols: emini = ymm0
10563-10560
10545-10542
10524-10519
10508
10492-10488
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 ($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
R.B.I. Trader's Update
3 / 15 / 2010
(Published Since 1996)
...............................................
Dateline: 6:58 pm eastern time, 3/15/2010
The early action was almost according to script from last
night's update. The key 1142 level on the ES was barely
broken (by 1 tick) shortly after stocks opened, then it
popped up to 1145.50 before a sharp reversal. That was just
over the 1145 area, and I felt the move would reverse from
under 1145, so that was an official miss by half of a point.
In any case, after a drop to 1136.50, the market got footing
and 1139 turned pivotal. The break/ hold was over that level
was bullish but the bounce failed at 1140.75. The pullback
off of that level reversed back up from 1138.25 with 90
minutes left, and by breaking and then holding at 1143.50
level, it gave us that "long shot" run-up to 1146.50-1147.00
resistance by the close.
This market is amazingly resilient. Again, with the market
on verge of a break-down, strong buying / short covering
came in late Monday and lifted the SP500 and Dow cash
indexes back into the plus column. For the most part, the
short term internal gauges are now in neutral territory, but
not confirming the new cycle high close on Monday.
On Tuesday we get the Fed decision on interest rate policy
at 2:15pm eastern time. If the market opens higher, it
should set up a good shorting opportunity for a pullback
towards the initial support areas. Those area should be held
if the trends are going to point higher. If those are not
held, then a drop to the 1138.50-1138.00 area on the ES
would be a key support area, and would need to be quickly
turned back up to avoid trouble.
On the other side of the coin, if the market opens lower on
Tuesday, that move would need to be reversed in the first 30
minutes or so if the market is going to avoid trouble. If
that occurs and the ES can get over the initial resistance
areas on the rebound, then a test of the 1149.75-1150.50
area could be in the cards. If there is another reversal
back down from that area, it could be the start of a sizable
correction.
Finally, if there is a trend-up or trend-down move into
around 2pm on Fed day, then expect that move to be reversed.
In addition, whether we get that pre-release action or not,
after the release there usually is a down-up-down (or vise
versa) move that occurs in the first 20 minutes or so after
the release. After that is over, then the market should find
a direction and go with that into the last 15 minutes or so.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1146.50-1147.00
1149.75-1150.50
1154.25-1154.75
1158.50-1159.00
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1143.25-1143.00
1141.00-1140.50
1138.50-1138.00
1136.50
1134.50-1134.00
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1918.50-1919.50
1923.50-1924.25
1927.50-1928.25
1934.75-1935.25
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1915.00-1914.25
1909.75-1908.50
1904.75-1903.75
1900.50
1898.00-1897.00
June 2010 Dow futures resistance
symbols: emini = ymm0
10583-10588
10607-10612
10643-10647
10680-10685
June 2010 Dow futures support
symbols: emini = ymm0
10563-10560
10545-10542
10524-10519
10508
10492-10488
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 ($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.
*************************************************
Today's Trading Recap: 03/15/10
HOW OUR DAY WENT:
The early action was almost according to
script from last night's update. The key 1142 level on the
ES was barely broken (by 1 tick) shortly after stocks opened,
then it popped up to 1145.50 before a sharp reversal. That
was just over the 1145 area, and I felt the move would
reverse from under 1145, so that was an official miss by half
of a point. In any case, after a drop to 1136.50, the market
got footing and 1139 turned pivotal. The break/ hold was over
that level was bullish but the bounce failed at 1140.75. The
pullback off of that level reversed back up with 90 minutes
left, and by breaking and then holding at 1143.50 level, it
gave us that "long shot" run-up to 1146.50-1147.00
resistance by the close.
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)
The early action was almost according to
script from last night's update. The key 1142 level on the
ES was barely broken (by 1 tick) shortly after stocks opened,
then it popped up to 1145.50 before a sharp reversal. That
was just over the 1145 area, and I felt the move would
reverse from under 1145, so that was an official miss by half
of a point. In any case, after a drop to 1136.50, the market
got footing and 1139 turned pivotal. The break/ hold was over
that level was bullish but the bounce failed at 1140.75. The
pullback off of that level reversed back up with 90 minutes
left, and by breaking and then holding at 1143.50 level, it
gave us that "long shot" run-up to 1146.50-1147.00
resistance by the close.
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 03/14/10
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 14 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 3/14/2010
The market gapped up on Friday and the ES reversed from
1150.25 (1149.50-1151.00 zone was key resistance) and
dropped 8.25 points to 1142.00 (the 1142.50-1142.00 zone was
key support) about 40 minutes into the trading day. After
turning up from 1142.00, new resistance was given at the
1146.00-1146.50 area. In a narrow range we had a pullback
from 1146.50 to 1143.00, and after a bounce back to 1146.50
there was another pullback to 1142.50. With that area
turning into strong support, the ES turned back up with 30
minutes left and rallied back to 1147.00 by the close.
The market has been able to bounce back after every selloff
for 2 weeks now. On Friday, the SP500 cash and futures
gapped up into new high territory for the year and instantly
turned down. The resistance at the 1154 area on the SP500
cash was rejected. Still, the key support at the 1142.50-
1142.00 area refused to break in the morning, and also at
the end of the day. The trend doesn't break unless the ES
breaks that 1142.50-1142.00 area and then cannot get back
over 1145.00 on a bounce.
On Monday look for early strength to set up a shorting
opportunity as soon as the move stalls/ reverses. That
should occur within the first 40 minutes of trading at the
latest. If that plays out, the 1142.50-1142.00 area will
hold and set up a buying opportunity if the market is still
strong. If that is broken, and a bounce cannot get back over
1145, then the market could gather downside momentum.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1146.50-1147.00
1149.75-1150.50
Equivalent to the 1154 area on SP500 Cash
1154.25-1154.75
1158.50-1159.00 [if melt-up]
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1142.50-1142.00
1138.50-1135.00
1134.50-1134.00
1131.50-1130.75
1129.25-1128.50
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1924.50-1925.50
1927.50-1928.25
1934.75-1935.25
1942.50-1944.00 [if melt-up]
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1918.75-1918.00
1913.75-1912.75
1907.00-1906.00
1903.75-1903.00
1898.50-1897.50
June 2010 Dow futures resistance
symbols: emini = ymm0
10574-10578
10585-10589
10620-10625
10643-10648 [if melt-up]
June 2010 Dow futures support
symbols: emini = ymm0
10539-10533
10498-10494
10447-10443
10422-10418
10402-10397
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 ($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
R.B.I. Trader's Update
3 / 14 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 3/14/2010
The market gapped up on Friday and the ES reversed from
1150.25 (1149.50-1151.00 zone was key resistance) and
dropped 8.25 points to 1142.00 (the 1142.50-1142.00 zone was
key support) about 40 minutes into the trading day. After
turning up from 1142.00, new resistance was given at the
1146.00-1146.50 area. In a narrow range we had a pullback
from 1146.50 to 1143.00, and after a bounce back to 1146.50
there was another pullback to 1142.50. With that area
turning into strong support, the ES turned back up with 30
minutes left and rallied back to 1147.00 by the close.
The market has been able to bounce back after every selloff
for 2 weeks now. On Friday, the SP500 cash and futures
gapped up into new high territory for the year and instantly
turned down. The resistance at the 1154 area on the SP500
cash was rejected. Still, the key support at the 1142.50-
1142.00 area refused to break in the morning, and also at
the end of the day. The trend doesn't break unless the ES
breaks that 1142.50-1142.00 area and then cannot get back
over 1145.00 on a bounce.
On Monday look for early strength to set up a shorting
opportunity as soon as the move stalls/ reverses. That
should occur within the first 40 minutes of trading at the
latest. If that plays out, the 1142.50-1142.00 area will
hold and set up a buying opportunity if the market is still
strong. If that is broken, and a bounce cannot get back over
1145, then the market could gather downside momentum.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1146.50-1147.00
1149.75-1150.50
Equivalent to the 1154 area on SP500 Cash
1154.25-1154.75
1158.50-1159.00 [if melt-up]
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1142.50-1142.00
1138.50-1135.00
1134.50-1134.00
1131.50-1130.75
1129.25-1128.50
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1924.50-1925.50
1927.50-1928.25
1934.75-1935.25
1942.50-1944.00 [if melt-up]
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1918.75-1918.00
1913.75-1912.75
1907.00-1906.00
1903.75-1903.00
1898.50-1897.50
June 2010 Dow futures resistance
symbols: emini = ymm0
10574-10578
10585-10589
10620-10625
10643-10648 [if melt-up]
June 2010 Dow futures support
symbols: emini = ymm0
10539-10533
10498-10494
10447-10443
10422-10418
10402-10397
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 ($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.
*************************************************
Today's Trading Recap: 03/12/10
HOW OUR DAY WENT:
The market gapped up and the ES reversed
from 1150.25 (1149.50-1151.00 zone was key resistance) and
dropped 8.25 points to 1142.00 (the 1142.50-1142.00 zone
was key support) about 40 minutes into the trading day.
That was a good way to start the day. After turning up from
1142.00, new resistance was given at the 1146.00-1146.50
area. In a narrow range we had a pullback from 1146.50 to
1143.00, and after a bounce back to 1146.50 there was another
pullback to 1142.50. With that area turning in to strong
support, the ES turned back up with 30 minutes left and
rallied to the 1146.00-1146.50 area by the close
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)
The market gapped up and the ES reversed
from 1150.25 (1149.50-1151.00 zone was key resistance) and
dropped 8.25 points to 1142.00 (the 1142.50-1142.00 zone
was key support) about 40 minutes into the trading day.
That was a good way to start the day. After turning up from
1142.00, new resistance was given at the 1146.00-1146.50
area. In a narrow range we had a pullback from 1146.50 to
1143.00, and after a bounce back to 1146.50 there was another
pullback to 1142.50. With that area turning in to strong
support, the ES turned back up with 30 minutes left and
rallied to the 1146.00-1146.50 area by the close
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 03/11/10
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 11 / 2010
(Published Since 1996)
...............................................
Dateline: 6:43 pm eastern time, 3/11/2010
The market opened lower on Thursday and then after the June
ES reached 1134.00 (we had support at 1134.50-1134.00) it
turned back up and rallied to 1141.50. That was rejected,
and a drop to 1136.75 followed. Another bounce to 1141.00
was reversed and the ES dropped to the 1138.00 updated
support. More buying came in at 2 pm and the ES rallied to
the 1146.00-1146.50 zone to close strong.
The ES broke out of a triangle/trading range and made a new
closing high for the year by 1 penny. The ES settled right
at a resistance area, so follow through holding will be key.
We get the retail sales before the open on Friday, and the
Michigan Sentiment report is released at 9:55 am. If the
number doesn't hurt the up-trends, we could get to the 1154
area on the SP500 cash before a turn back down. However, if
there is no follow through, and the initial support areas
are not held, then a decent sized drop should be underway.
Look for early strength to be sold on Friday, and then if
the initial support areas are held on a pullback, the rally
can continue. If the initial support areas are broken, and
there is not a quick reversal, then a sharp drop back down
to the 1134.50-1134.00 area from Thursday would need to
hold, and quickly turn back up. The SP500 cash has closed up
9 of the last 10 days, so if market drops that far and a
reversal back up doesn't happen fast, then the downside
could accelerate and finish the week on a bad note.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1146.00-1146.50
1149.50-1151.00
Equivalent to the 1154 area on SP500 Cash
1154.25-1154.75
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1142.50-1142.00
1138.50-1135.00
1134.50-1134.00
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1923.75-1924.50
1928.75-1929.50
1934.75-1935.25
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1916.25-1915.50
1910.50-1909.75
1907.00-1906.00
June 2010 Dow futures resistance
symbols: emini = ymm0
10550-10554
10584-10588
10550-10554
10584-10588
June 2010 Dow futures support
symbols: emini = ymm0
10523-10519
10491-10487
10447-10443
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 ($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
R.B.I. Trader's Update
3 / 11 / 2010
(Published Since 1996)
...............................................
Dateline: 6:43 pm eastern time, 3/11/2010
The market opened lower on Thursday and then after the June
ES reached 1134.00 (we had support at 1134.50-1134.00) it
turned back up and rallied to 1141.50. That was rejected,
and a drop to 1136.75 followed. Another bounce to 1141.00
was reversed and the ES dropped to the 1138.00 updated
support. More buying came in at 2 pm and the ES rallied to
the 1146.00-1146.50 zone to close strong.
The ES broke out of a triangle/trading range and made a new
closing high for the year by 1 penny. The ES settled right
at a resistance area, so follow through holding will be key.
We get the retail sales before the open on Friday, and the
Michigan Sentiment report is released at 9:55 am. If the
number doesn't hurt the up-trends, we could get to the 1154
area on the SP500 cash before a turn back down. However, if
there is no follow through, and the initial support areas
are not held, then a decent sized drop should be underway.
Look for early strength to be sold on Friday, and then if
the initial support areas are held on a pullback, the rally
can continue. If the initial support areas are broken, and
there is not a quick reversal, then a sharp drop back down
to the 1134.50-1134.00 area from Thursday would need to
hold, and quickly turn back up. The SP500 cash has closed up
9 of the last 10 days, so if market drops that far and a
reversal back up doesn't happen fast, then the downside
could accelerate and finish the week on a bad note.
June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0
1146.00-1146.50
1149.50-1151.00
Equivalent to the 1154 area on SP500 Cash
1154.25-1154.75
June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0
1142.50-1142.00
1138.50-1135.00
1134.50-1134.00
June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0
1923.75-1924.50
1928.75-1929.50
1934.75-1935.25
June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0
1916.25-1915.50
1910.50-1909.75
1907.00-1906.00
June 2010 Dow futures resistance
symbols: emini = ymm0
10550-10554
10584-10588
10550-10554
10584-10588
June 2010 Dow futures support
symbols: emini = ymm0
10523-10519
10491-10487
10447-10443
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 ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 03/11/10
HOW OUR DAY WENT:
The market opened lower and then after
the June ES reached 1134.00 (we had support at the 1134.50-
1134.00 zone) it turned back up and rallied to 1141.50. That
was rejected, and a drop to 1136.75 followed. Another bounce
to 1141.00 was reversed and the ES dropped to the 1138.00
updated support. More buying came in and the ES rallied to
the 1146.00-1146.50 zone to close strong.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The market opened lower and then after
the June ES reached 1134.00 (we had support at the 1134.50-
1134.00 zone) it turned back up and rallied to 1141.50. That
was rejected, and a drop to 1136.75 followed. Another bounce
to 1141.00 was reversed and the ES dropped to the 1138.00
updated support. More buying came in and the ES rallied to
the 1146.00-1146.50 zone to close strong.
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)
Wednesday, March 10, 2010
TradeStalker's RBI Update 03/09/10
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 9 / 2010
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 3/9/2010
The gap down open reversed from 1034.00 on the ES and
immediately turned back up on Tuesday. The rally took the ES
back over the 1139.50-1140.00 area which caused a squeeze
back towards its old high in a steep trend up move. After
reaching 1145.25, another small dip followed. After the dip,
a bounce back to a lower high reversed, setting up a 1-2-3
top, and the ES cut through 1142 support in the process.
After that break, a small bounce stalled and reversed from
1141.75, and then the ES dropped to the 1136.25 level with
just over 30 minutes left in stock trading. Buying/short
covering brought the futures back towards the 1142
resistance and settled over fair value.
The rally was a surprise on Tuesday, as it looked like a
test of the Monday low areas would bring in selling. Still,
the market has not been able to hold its gains and it also
has refused to break down so far. So, it looks like we will
get more two-sided action as long as the Tuesday afternoon
lows are defended. If they are broken, then any rally back
towards the Tuesday closes should be reversed then if the
market is weak. If the market somehow is able to put
together a good rally that takes the SP500 above the January
high of 1150.45, then there is a long-shot chance of seeing
the 1154 area on the SP500 cash, which would be a key hurdle
for this leg higher.
So, look for early strength to be sold on Wednesday. If we
get that, then an early drop towards the initial support
areas must be reversed. If it is not, then a roll over could
be underway. However, if a reversal back up from that
support plays out, the market should have trouble breaking
and staying over the 1141.50-1142.00 area on the ES.
However, if that area is not reversed on a bounce, but
instead broken and held on a pullback, then a move to test
the January high on the SP500 cash could be in the cards.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1141.50-1142.00
1144.75-1145.25
1147.00-1148.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1136.25-1136.00
1133.00-1132.50
1126.50-1126.00
1123.50-1123.00
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1903.75-1904.25
1910.00-1911.00
1914.75-1915.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1894.00-1893.50
1887.50-1887.00
1882.50-1881.50
1874.50-1873.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10570-10574
10602-10606
10624-10631
March 2010 Dow futures support
symbols: emini = ymh0
10533-10530
10514-10511
10440-10436
10423-10419
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 ($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
R.B.I. Trader's Update
3 / 9 / 2010
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 3/9/2010
The gap down open reversed from 1034.00 on the ES and
immediately turned back up on Tuesday. The rally took the ES
back over the 1139.50-1140.00 area which caused a squeeze
back towards its old high in a steep trend up move. After
reaching 1145.25, another small dip followed. After the dip,
a bounce back to a lower high reversed, setting up a 1-2-3
top, and the ES cut through 1142 support in the process.
After that break, a small bounce stalled and reversed from
1141.75, and then the ES dropped to the 1136.25 level with
just over 30 minutes left in stock trading. Buying/short
covering brought the futures back towards the 1142
resistance and settled over fair value.
The rally was a surprise on Tuesday, as it looked like a
test of the Monday low areas would bring in selling. Still,
the market has not been able to hold its gains and it also
has refused to break down so far. So, it looks like we will
get more two-sided action as long as the Tuesday afternoon
lows are defended. If they are broken, then any rally back
towards the Tuesday closes should be reversed then if the
market is weak. If the market somehow is able to put
together a good rally that takes the SP500 above the January
high of 1150.45, then there is a long-shot chance of seeing
the 1154 area on the SP500 cash, which would be a key hurdle
for this leg higher.
So, look for early strength to be sold on Wednesday. If we
get that, then an early drop towards the initial support
areas must be reversed. If it is not, then a roll over could
be underway. However, if a reversal back up from that
support plays out, the market should have trouble breaking
and staying over the 1141.50-1142.00 area on the ES.
However, if that area is not reversed on a bounce, but
instead broken and held on a pullback, then a move to test
the January high on the SP500 cash could be in the cards.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1141.50-1142.00
1144.75-1145.25
1147.00-1148.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1136.25-1136.00
1133.00-1132.50
1126.50-1126.00
1123.50-1123.00
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1903.75-1904.25
1910.00-1911.00
1914.75-1915.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1894.00-1893.50
1887.50-1887.00
1882.50-1881.50
1874.50-1873.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10570-10574
10602-10606
10624-10631
March 2010 Dow futures support
symbols: emini = ymh0
10533-10530
10514-10511
10440-10436
10423-10419
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 ($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.
*************************************************
Today's Trading Recap: 03/09/10
HOW OUR DAY WENT:
The gap down open reversed from 1034.00 on
the ES and immediately turned back up on Tuesday. The rally
took the ES back over the 1139.50-1140.00 area which caused
a squeeze back towards its old high in a steep trend up move.
After reaching 1145.25, another small dip followed. After the
dip, a bounce back to a lower high reversed, setting up a 123
top, and the ES cut through 1142 support in the process. After
that break, a small bounce stalled and reversed from 1141.75,
and then the ES dropped to the 1136.25 level with just over
30 minutes left in stock trading.
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)
The gap down open reversed from 1034.00 on
the ES and immediately turned back up on Tuesday. The rally
took the ES back over the 1139.50-1140.00 area which caused
a squeeze back towards its old high in a steep trend up move.
After reaching 1145.25, another small dip followed. After the
dip, a bounce back to a lower high reversed, setting up a 123
top, and the ES cut through 1142 support in the process. After
that break, a small bounce stalled and reversed from 1141.75,
and then the ES dropped to the 1136.25 level with just over
30 minutes left in stock trading.
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 03/08/10
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 8 / 2010
(Published Since 1996)
...............................................
Dateline: 6:31 pm eastern time, 3/8/2010
The market opened higher on Monday and the ES ran up to
1040.50 before a dip. After that dip, a bounce to 1140.00
failed and it set up a 123 top. A pullback to 1136.00
followed. That was just over the initial support at 1135.50-
1135.00 and a bounce back to 1140.00 was next. The moves
couldn't stick with the market so overbought, and a drop to
test the lows occurred just before the futures settled.
The market is still overbought. The Vix reversed, and that
gives another sell signal. The ES traded in a very small
4.50 point range, and the combination should mark a short
term top, or a least more downside before we get a rally
that can sustain itself.
So, look for early weakness to be reversed for a scalp long,
but the better opportunities will be on the short side when
bounces on fizzle on Tuesday. If the ES can get over the
1139.50-1140.00 area, and not quickly reverse, then it's
possible for a squeeze higher. However, that was rejected 3
times on Monday and it appears that will be a tough barrier
to break through.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1139.50-1140.00
1141.50-1142.00
1146.50-1147.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1135.50-1135.00
1133.00-1132.50
1126.00
1123.50-1123.00
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1890.00-1890.75
1894.75-1895.50
1902.00-1903.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1886.50-1886.00
1883.00-1882.00
1874.50-1873.50
1868.50-1867.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10561-10565
10581-10584
10616-10620
March 2010 Dow futures support
symbols: emini = ymh0
10532-10528
10514-10511
10440-10436
10423-10419
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 ($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
R.B.I. Trader's Update
3 / 8 / 2010
(Published Since 1996)
...............................................
Dateline: 6:31 pm eastern time, 3/8/2010
The market opened higher on Monday and the ES ran up to
1040.50 before a dip. After that dip, a bounce to 1140.00
failed and it set up a 123 top. A pullback to 1136.00
followed. That was just over the initial support at 1135.50-
1135.00 and a bounce back to 1140.00 was next. The moves
couldn't stick with the market so overbought, and a drop to
test the lows occurred just before the futures settled.
The market is still overbought. The Vix reversed, and that
gives another sell signal. The ES traded in a very small
4.50 point range, and the combination should mark a short
term top, or a least more downside before we get a rally
that can sustain itself.
So, look for early weakness to be reversed for a scalp long,
but the better opportunities will be on the short side when
bounces on fizzle on Tuesday. If the ES can get over the
1139.50-1140.00 area, and not quickly reverse, then it's
possible for a squeeze higher. However, that was rejected 3
times on Monday and it appears that will be a tough barrier
to break through.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1139.50-1140.00
1141.50-1142.00
1146.50-1147.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1135.50-1135.00
1133.00-1132.50
1126.00
1123.50-1123.00
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1890.00-1890.75
1894.75-1895.50
1902.00-1903.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1886.50-1886.00
1883.00-1882.00
1874.50-1873.50
1868.50-1867.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10561-10565
10581-10584
10616-10620
March 2010 Dow futures support
symbols: emini = ymh0
10532-10528
10514-10511
10440-10436
10423-10419
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 ($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 03/07/10
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 7 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 3/7/2010
The ES gapped up 7 points on Friday and after a brief
pullback the upside reasserted itself and the ES bounced
from 1126.00 to 1135.00 in trend up fashion into the 2:20-
2:40 time frame. Finding good support at the 1132.50 level,
the market broke out over the 1135 high and tacked on almost
4 more points. An instant message warned of resistance at
1138 on a bounce, and that was rejected just before the
close.
NOTE: I'm having a camp this week, so my apologies if I
don't get out as many intraday updates as usual over the
next few days. The instant messenger will work the best for
those.
The market broke the range to the upside on Friday, and now
the task will be holding on to those gains. The internal
gauges are at overbought extremes. My RBI oscillator is in
sell territory, and the 3 day Thrust oscillator is at +.57.
Other internal gauges like the McClellan oscillator are more
overbought than at the January top. Also, the Vix closed
more than 10% under its 10 day average close, and also at a
new low for the year. A reversal would give 5 sell signals
on Monday. Finally, the closing Trin on Friday was at .40.
That is equivalent to a closing Trin of 2.50 if the data is
reversed. On February 23rd, with the SP500 cash at 1094.60
and a closing Trin at 3.03 I stated that it should mark a
low within 7 trading hours. The market headed higher and
hasn't looked back since then. At this juncture it looks
like a top should occur on Monday, if it didn't top already
on Friday.
That said, the market does have a good bid on the deeper
drops. If there is a selloff that can hold and reverse from
the 1133.00-1132.50 area on the ES, it will keep the market
from falling apart. If the market sells off to the Friday
afternoon low areas, and does not quickly reverse, then a
bigger drop is in the cards. Unless that happens, there
should be two-sided action at best on Monday so look to get
short if the Friday highs are tested and rejected. If we get
a selloff and the 1133.00-1132.50 area is not defended, then
things will be changing short term.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1138.00-1138.75
1141.50-1142.00
1146.50-1147.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1135.50-1135.00
1133.00-1132.50
1126.00
1123.50-1123.00
1120.50-1120.00
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1888.75-1889.50
1893.75-1894.50
1902.00-1903.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1883.00-1882.00
1879.50-1878.50
1868.50
1860.75-1859.00
1854.75-1854.00
March 2010 Dow futures resistance
symbols: emini = ymh0
10558-10561
10581-10584
10616-10620
March 2010 Dow futures support
symbols: emini = ymh0
10532-10528
10514-10511
10468
10440-10436
10423-10419
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 ($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
R.B.I. Trader's Update
3 / 7 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 3/7/2010
The ES gapped up 7 points on Friday and after a brief
pullback the upside reasserted itself and the ES bounced
from 1126.00 to 1135.00 in trend up fashion into the 2:20-
2:40 time frame. Finding good support at the 1132.50 level,
the market broke out over the 1135 high and tacked on almost
4 more points. An instant message warned of resistance at
1138 on a bounce, and that was rejected just before the
close.
NOTE: I'm having a camp this week, so my apologies if I
don't get out as many intraday updates as usual over the
next few days. The instant messenger will work the best for
those.
The market broke the range to the upside on Friday, and now
the task will be holding on to those gains. The internal
gauges are at overbought extremes. My RBI oscillator is in
sell territory, and the 3 day Thrust oscillator is at +.57.
Other internal gauges like the McClellan oscillator are more
overbought than at the January top. Also, the Vix closed
more than 10% under its 10 day average close, and also at a
new low for the year. A reversal would give 5 sell signals
on Monday. Finally, the closing Trin on Friday was at .40.
That is equivalent to a closing Trin of 2.50 if the data is
reversed. On February 23rd, with the SP500 cash at 1094.60
and a closing Trin at 3.03 I stated that it should mark a
low within 7 trading hours. The market headed higher and
hasn't looked back since then. At this juncture it looks
like a top should occur on Monday, if it didn't top already
on Friday.
That said, the market does have a good bid on the deeper
drops. If there is a selloff that can hold and reverse from
the 1133.00-1132.50 area on the ES, it will keep the market
from falling apart. If the market sells off to the Friday
afternoon low areas, and does not quickly reverse, then a
bigger drop is in the cards. Unless that happens, there
should be two-sided action at best on Monday so look to get
short if the Friday highs are tested and rejected. If we get
a selloff and the 1133.00-1132.50 area is not defended, then
things will be changing short term.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1138.00-1138.75
1141.50-1142.00
1146.50-1147.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1135.50-1135.00
1133.00-1132.50
1126.00
1123.50-1123.00
1120.50-1120.00
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1888.75-1889.50
1893.75-1894.50
1902.00-1903.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1883.00-1882.00
1879.50-1878.50
1868.50
1860.75-1859.00
1854.75-1854.00
March 2010 Dow futures resistance
symbols: emini = ymh0
10558-10561
10581-10584
10616-10620
March 2010 Dow futures support
symbols: emini = ymh0
10532-10528
10514-10511
10468
10440-10436
10423-10419
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 ($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.
*************************************************
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