HOW OUR DAY WENT:
The ES bounced to 1163.25 and that was
rejected 30 minutes into the day. We had resistance at the
1162.00-1163.00 zone and it set up a good short. The ES fell
to 1158.75 before a bounce. That failed at 1162.25 resistance,
and then the ES fell pretty fast to 1156.25. That was just 2
ticks over the 1155.75-1155.00 support zone, and then the ES
ended up making a 123 bottom that lead to a bounce back up to
1161.50. That area was sold again, and a drop to 1158.25
followed. With an hour left in stock trading the market
turned up and the ES rallied back to 1162.00 at the close.
Good Trading,
Mike Reed
TradeStalker.com
Showing posts with label SP futures support. Show all posts
Showing posts with label SP futures support. Show all posts
Friday, March 26, 2010
Friday, November 27, 2009
SPECIAL MARKET UPDATE 11/26/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 26 / 2009
(Published Since 1996)
SPECIAL UPDATE
...............................................
Dateline: 3:49 pm eastern time, 11/26/2009
Another banking problem, apparently involving the Dubai
government, helped trigger the downside that was warned of.
If you followed me and bought Put options with the ES
at/near 1110 (per the instant message sent late on
Wednesday), take off half at the open on Friday. The support
and resistance areas that are most important are below.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1090.00
1095.00-1095.50
1099.75-1100.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1083.00-1082.50
1078.00-1077.50
1074.00-1072.50
1068.25-1067.75
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 26 / 2009
(Published Since 1996)
SPECIAL UPDATE
...............................................
Dateline: 3:49 pm eastern time, 11/26/2009
Another banking problem, apparently involving the Dubai
government, helped trigger the downside that was warned of.
If you followed me and bought Put options with the ES
at/near 1110 (per the instant message sent late on
Wednesday), take off half at the open on Friday. The support
and resistance areas that are most important are below.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1090.00
1095.00-1095.50
1099.75-1100.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1083.00-1082.50
1078.00-1077.50
1074.00-1072.50
1068.25-1067.75
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Tuesday, July 07, 2009
Today's Trading Recap: 07/07/09
HOW OUR DAY WENT: The ES broke the 891.75-891.25 zone
in the first 5 minutes and that put the pressure on. The
ES fell to 882.25, at the 882.50-881.50 key support, then
bounced in labored fashion. The ES reversed from 888.25,
just 1 tick under the 888.50-889.50 updated resistance
area, then fell to the 878.00 level. That was right at
the last support areas listed last night, the 878.75-
877.75 zone, where the market firmed up and bounced but
but the ES then dropped to make its low with 5 minutes
left as member were told was a possibility.
Good Trading,
Mike Reed
TradeStalker.com
in the first 5 minutes and that put the pressure on. The
ES fell to 882.25, at the 882.50-881.50 key support, then
bounced in labored fashion. The ES reversed from 888.25,
just 1 tick under the 888.50-889.50 updated resistance
area, then fell to the 878.00 level. That was right at
the last support areas listed last night, the 878.75-
877.75 zone, where the market firmed up and bounced but
but the ES then dropped to make its low with 5 minutes
left as member were told was a possibility.
Good Trading,
Mike Reed
TradeStalker.com
Sunday, July 05, 2009
Today's Trading Recap: 06/26/09
HOW OUR DAY WENT: We were shorting early strength, and
the ES rallied to 916.25 and reversed about 15 minutes
into trading.... just what we were looking for. The ES
then dropped to 909.75 (909.50-909.00 key support) and
reversed. That set up a cover shorts and/or buying
opportunity and the ES popped 4.75 points before barely
breaking 909.00 and reversing again. On the bounce, members
were given updated resistance at 914.50. The ES made a
direct hit on 914.50 and then pulled back to 911.25 in
very slow action.
Good Trading,
Mike Reed
TradeStalker.com
the ES rallied to 916.25 and reversed about 15 minutes
into trading.... just what we were looking for. The ES
then dropped to 909.75 (909.50-909.00 key support) and
reversed. That set up a cover shorts and/or buying
opportunity and the ES popped 4.75 points before barely
breaking 909.00 and reversing again. On the bounce, members
were given updated resistance at 914.50. The ES made a
direct hit on 914.50 and then pulled back to 911.25 in
very slow action.
Good Trading,
Mike Reed
TradeStalker.com
Wednesday, June 03, 2009
TradeStalker's RBI Update 06/03/09
.................................................
TradeStalker's
R.B.I. Trader's Update
6 / 3 / 2009
(Published Since 1996)
...............................................
Dateline: 8:03 pm eastern time, 6/3/2009
We came into Wednesday looking for lower prices (and short
from Tuesday if you followed along with me in the "instant
message" room yesterday afternoon) and the ES opened down 7
points. The market bounced off of the 927.75-927.00 zone,
but the move failed and the market rolled back over. It was
trend down to the 923.00 level on the ES, just over the 922-
920 updated support, and the market bounced back. That
bounce stalled and reversed from the 927.50 updated
resistance, and then the market made one more push lower. A
token lower low at 922.50 on the ES was reversed within 30
minutes left in stock trading and rallied back to 932.00
into the close.
The internal gauges are now in neutral ground with
Wednesday's poor performance. It looks like a trading range
could be what we get on Thursday. The Nasdaq looks stronger
than the ES if there is a decent bounce, and it should lead
the action. It held at a higher low intraday on Wednesday,
while the ES and Dow had to reverse from lower lows before a
rally.
If there is early strength, it will set up a good shorting
opportunity. Thereafter, it looks like the initial support
areas should be pivotal. If they hold, then the bulls are in
charge and the market should head back up into the 930's. If
the initial support isn't held, then the 923.00-922.50 area
on the ES will need to hold as that was solid support on
Wednesday.
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
931.75-932.25
939.50-940.50
947.00-947.75
950.25-952.00
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
928.00-927.50
923.00-922.50
918.00-917.50
912.75-912.00
June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9
1478.00-1478.50
1485.00-1486.00
1494.75-1496.00
1499.75-1501.50
June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9
1469.50-1468.75
1462.00-1461.25
1456.75-1455.75
1448.50-1446.75
June 2009 Dow futures resistance
symbols: emini = ymm9
8629-8634
8690-8695
8759-8764
8793-8798
June 2009 Dow futures support
symbols: emini = ymm9
8620-8615
8587-8583
8528-8524
8494-8487
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
6 / 3 / 2009
(Published Since 1996)
...............................................
Dateline: 8:03 pm eastern time, 6/3/2009
We came into Wednesday looking for lower prices (and short
from Tuesday if you followed along with me in the "instant
message" room yesterday afternoon) and the ES opened down 7
points. The market bounced off of the 927.75-927.00 zone,
but the move failed and the market rolled back over. It was
trend down to the 923.00 level on the ES, just over the 922-
920 updated support, and the market bounced back. That
bounce stalled and reversed from the 927.50 updated
resistance, and then the market made one more push lower. A
token lower low at 922.50 on the ES was reversed within 30
minutes left in stock trading and rallied back to 932.00
into the close.
The internal gauges are now in neutral ground with
Wednesday's poor performance. It looks like a trading range
could be what we get on Thursday. The Nasdaq looks stronger
than the ES if there is a decent bounce, and it should lead
the action. It held at a higher low intraday on Wednesday,
while the ES and Dow had to reverse from lower lows before a
rally.
If there is early strength, it will set up a good shorting
opportunity. Thereafter, it looks like the initial support
areas should be pivotal. If they hold, then the bulls are in
charge and the market should head back up into the 930's. If
the initial support isn't held, then the 923.00-922.50 area
on the ES will need to hold as that was solid support on
Wednesday.
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
931.75-932.25
939.50-940.50
947.00-947.75
950.25-952.00
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
928.00-927.50
923.00-922.50
918.00-917.50
912.75-912.00
June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9
1478.00-1478.50
1485.00-1486.00
1494.75-1496.00
1499.75-1501.50
June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9
1469.50-1468.75
1462.00-1461.25
1456.75-1455.75
1448.50-1446.75
June 2009 Dow futures resistance
symbols: emini = ymm9
8629-8634
8690-8695
8759-8764
8793-8798
June 2009 Dow futures support
symbols: emini = ymm9
8620-8615
8587-8583
8528-8524
8494-8487
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's RBI Update 06/02/09
.................................................
TradeStalker's
R.B.I. Trader's Update
6 / 2 / 2009
(Published Since 1996)
...............................................
Dateline: 7:36 pm eastern time, 6/2/2009
Last night's bottom line stated:
"For now the ES needed to get over 950 and not
quickly reverse back down to get another squeeze
going. If that doesn't happen, odds favor a decent
pullback first."
There were a couple of opportunities to short just under
that level on Tuesday. The market dipped on the open on
Tuesday, and then turned and ran up to slightly higher highs
than Monday. The move fizzled and reversed from 949.00 on
the ES and 1494.50 on the NQ (its 1494.75-1496.00 resistance
zone) and then the market worked its way lower into early
afternoon. The pullback tested both the 939 updated support
on the ES and the 8700 level on the Dow cash around 12:30
pm, and then turned back up. The market chopped its way
higher into 3 pm, with the ES and Dow testing their highs
while the NQ lagged. Selling came in at the 947.00-947.75
area on the ES, and unable to break out, the tired and
overbought market gave in and sold off into the close.
The short term internal gauges are still overbought, and the
upside is losing momentum after four days of rally. The
rejection of the 948-949 area on the ES and subsequent drop
was the first bearish price action in awhile. Also, the
sentiment gauges are getting overly bullish, and as a
contrary indicator that's usually not good. The weight of
the evidence tells me there is more downside than upside
potential, short term. A test or break of the 932.50-932.00
area on the ES could be in the cards short term. It will
still take a solid break and hold over the 950 level to get
another push higher and nullify this outlook. A pop over 950
that reverses back down through 950 would still trigger a
shorting opportunity, should that occur.
So, look for a shorting opportunity if there is early
strength and the move stalls/reverses from under the 947.00-
947.75 area on the ES and/or 1485.00-1486.00 area on the NQ.
If that plays out, the first decent pullback would need to
hold the initial support areas, along with 8700 on the Dow
cash, in order to get a decent bounce going. If those areas
are not defended, then the 932.50-932.00 area on the ES, and
possibly lower, is likely in the cards before the market
gets itself turned back around.
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
947.00-947.75
950.25-952.00
955.25-956.50
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
939.50-939.00
932.50-932.00
927.75-927.00
918.00-917.50
911.50-910.50
June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9
1485.00-1486.00
1494.75-1496.00
1501.75-1504.00
June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9
1472.50-1472.00
1462.75-1461.50
1443.50-1442.75
1435.00-1433.75
1425.00-1423.50
June 2009 Dow futures resistance
symbols: emini = ymm9
8759-8764
8793-8798
8835-8839
June 2009 Dow futures support
symbols: emini = ymm9
8694-8692
8631-8627
8556-8551
8528-8524
8417-8413
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
6 / 2 / 2009
(Published Since 1996)
...............................................
Dateline: 7:36 pm eastern time, 6/2/2009
Last night's bottom line stated:
"For now the ES needed to get over 950 and not
quickly reverse back down to get another squeeze
going. If that doesn't happen, odds favor a decent
pullback first."
There were a couple of opportunities to short just under
that level on Tuesday. The market dipped on the open on
Tuesday, and then turned and ran up to slightly higher highs
than Monday. The move fizzled and reversed from 949.00 on
the ES and 1494.50 on the NQ (its 1494.75-1496.00 resistance
zone) and then the market worked its way lower into early
afternoon. The pullback tested both the 939 updated support
on the ES and the 8700 level on the Dow cash around 12:30
pm, and then turned back up. The market chopped its way
higher into 3 pm, with the ES and Dow testing their highs
while the NQ lagged. Selling came in at the 947.00-947.75
area on the ES, and unable to break out, the tired and
overbought market gave in and sold off into the close.
The short term internal gauges are still overbought, and the
upside is losing momentum after four days of rally. The
rejection of the 948-949 area on the ES and subsequent drop
was the first bearish price action in awhile. Also, the
sentiment gauges are getting overly bullish, and as a
contrary indicator that's usually not good. The weight of
the evidence tells me there is more downside than upside
potential, short term. A test or break of the 932.50-932.00
area on the ES could be in the cards short term. It will
still take a solid break and hold over the 950 level to get
another push higher and nullify this outlook. A pop over 950
that reverses back down through 950 would still trigger a
shorting opportunity, should that occur.
So, look for a shorting opportunity if there is early
strength and the move stalls/reverses from under the 947.00-
947.75 area on the ES and/or 1485.00-1486.00 area on the NQ.
If that plays out, the first decent pullback would need to
hold the initial support areas, along with 8700 on the Dow
cash, in order to get a decent bounce going. If those areas
are not defended, then the 932.50-932.00 area on the ES, and
possibly lower, is likely in the cards before the market
gets itself turned back around.
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
947.00-947.75
950.25-952.00
955.25-956.50
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
939.50-939.00
932.50-932.00
927.75-927.00
918.00-917.50
911.50-910.50
June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9
1485.00-1486.00
1494.75-1496.00
1501.75-1504.00
June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9
1472.50-1472.00
1462.75-1461.50
1443.50-1442.75
1435.00-1433.75
1425.00-1423.50
June 2009 Dow futures resistance
symbols: emini = ymm9
8759-8764
8793-8798
8835-8839
June 2009 Dow futures support
symbols: emini = ymm9
8694-8692
8631-8627
8556-8551
8528-8524
8417-8413
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
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