TradeStalker's RBI Update 05/31/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 31 / 2009

(Published Since 1996)

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

Dateline: 5:39 pm eastern time, 5/31/2009

The market started last week on the downside, then rallied
into Wednesday afternoon. A sharp drop was bought on
Thursday morning, and after a rally reversed early Friday
morning the market went sideways until the last 10 minutes
of stock trading. The ES ran up 18 points in 10 minutes and
then backed off into the close.

The daily indicators are a day away from getting to
overbought extremes, as are the sentiment gauges. Also, if
the Vix turns up on Monday it would give a number of sell
signals. So heads up on chasing further strength, because if
there is a reversal, it could be sharp. The only bigger
picture negative on Friday is that the internals are not
ahead of price.

So, if the market doesn't falter right away on Monday but
instead can put together a decent bounce first, the odds of
a reversal and subsequent decent selloff should be high. On
the downside, a drop should hold at, or above, the 911.50-
910.50 area on the ES and the 1423.00-1421.75 area on the NQ
to stay out of trouble.

On Monday look for early strength to be sold, and then the
first good pullback should set up a buying opportunity as
long as those support areas are held. If they are not held,
then the bounces will be shorting opportunities as the
market is losing its luster.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

922.50-923.00
927.00-928.00
931.50-932.50


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

918.00-917.50
911.50-910.50 **must hold**
906.50-906.00
902.50-901.50 **key, must hold**


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1439.50-1440.00
1443.50-1444.50
1449.50-1450.25


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1434.50-1433.75
1423.00-1421.75
1415.50-1414.75
1412.00-1411.50


June 2009 Dow futures resistance
symbols: emini = ymm9

8530-8533
8555-8559
8604-8609


June 2009 Dow futures support
symbols: emini = ymm9

8528-8524
8417-8413
8385-8381
8356-8352


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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 RBI Update 05/26/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 26 / 2009

(Published Since 1996)

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


Dateline: 5:13 pm eastern time, 5/26/2009


The market gapped down on Tuesday, as the ES opened just
over the key 877.75-876.75 area reversed, and then the
Consumer Confidence data sparked more buying. The market
went into trend-up mode until reaching the 910-911 area on
the ES, and a pullback to updated support at 906.25
followed. A bounce to 909.00 failed and the ES went down to
904.50 before bouncing again. That move also failed, and the
ES fell to 903.25 with 15 minutes left in stock trading. An
end
of day move took the market back near the highs.

That 877.75-876.75 area on the ES has been a rock solid
area, and after it was defended the market certainly was
helped by the Consumer Confidence surprise. Getting a move
to stick after a 32.75 point move on the ES should be
difficult, so 2-sided action is likely. On Wednesday look
for an early pop that reverses to set up a good shorting
opportunity. If that plays out, beware that the first decent
pullback should set up a buying opportunity after the
downside momentum fizzles and turns back up. Unless
something unexpected occurs the end-of-month upside
bias should be in effect.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

910.50-911.00
914.50-915.00
918.25
923.00-924.00

June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

903.50-903.00
895.75-895.00
888.50-888.00
882.50-882.00
877.75-876.75


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1414.00-1414.50
1418.50-1419.50
1423.50
1428.50-1429.50

June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1404.00-1403.25
1397.50-1396.25
1389.00-1388.25
1380.75-1378.50
1374.75-1373.50

June 2009 Dow futures resistance
symbols: emini = ymm9
8480-8485
8514-8518
8559
8576-8579

June 2009 Dow futures support
symbols: emini = ymm9

8411-8407
8376-8371
8285-8281
8245-8242
8206-8201

CLICK HERE for FREE Trading Articles and Videos!

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


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 05/25/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 25 / 2009

(Published Since 1996)

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


Dateline: 11:12 am eastern time, 5/25/2009

The ES popped up on Friday's open and it was sold at the
890.00-891.00 initial resistance zone. The ES dropped from
890.75 to the 882.00 key support before turning back up. The
market bounced back, but lost momentum at the 895.25-896.00
resistance zone. That was a lid on the bounce, and after
reaching 895.50 with 45 minutes left in stock trading,
selling came in and took the market back into the loss
columns by the close. The ES reached 883.25 before a small
bounce into settlement.

The ES made an inside day on Friday. The market has been
range bound after falling from 927 on the ES. The 923 to 878
area is the general area and a convincing break out of the
range is needed to get a new trend in force. The internal
gauges still look poor. In addition, the McClellan
Oscillator had a tiny 2 point change on Friday. That tends
to precede a sizable move. Given the recent action, the odds
favor more to the downside. If there is a solid break of the
877.75-876.75 area on the ES, it could have another 15
points to go on the downside before getting a bounce.

On Tuesday look for early strength that fizzles around the
initial resistance to set up a shorting opportunity. If that
plays out and the market breaks the 882 level, then the
double bottom at the 5-15 and 5-21 lows on the Dow and SP500
should be tested or broken. There is still an unfilled gap
just under last week's lows down at 8212.41 on the Dow cash
and 877.52 on the SP500 cash. If the market breaks those, it
will need to reverse quickly in order to avoid a drop
towards the 873.00-872.50 at a minimum. However, if the
market doesn't follow through on the downside, and instead
holds over the 895.00-895.50 resistance area on the ES, then
the bulls could run the market back towards the 914-915 area
one more time.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

889.00-889.50
895.00-895.50
899.50-900.25
906.50-907.50
914.50-915.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

882.50-882.00
877.75-876.75
873.00-872.50
868.25-867.50
854.00-852.00 **major zone**


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1369.50-1370.50
1379.00-1380.00
1386.25-1387.50
1394.75-1396.50
1411.00-1411.75


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1353.00-1352.25
1347.75-1346.50
1339.00-1338.25
1330.50-1329.75


June 2009 Dow futures resistance
symbols: emini = ymm9

8305-8309
8349-8353
8393-8397
8451-8458
8511-8514


June 2009 Dow futures support
symbols: emini = ymm9

8245-8242
8206-8201
8183-8178
8141-8137


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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 RBI Update 05/12/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 12 / 2009

(Published Since 1996)

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

Dateline: 6:56 pm eastern time, 5/12/2009

The ES popped up on the open on Tuesday and reversed from
just under the 914.50-915.00 key area, and that started a
trend down move to 894.00 on the ES. There was support at
the 894.00-893.50 zone, but the market proved itself by
breaking through the 901.25 level. That brought in more
buying and the ES ran up to 912.25 before pulling back to
903.25 before the close.

The market looks like it is stuck in a trading range right
now. Bids will likely dry up after a decent run-up, but give
a decent sized pullback and the move turns into a buying
opportunity. So for now look for shorting opportunities when
a rally fizzles/reverses, but then look for a buying
opportunity if the ES gets into the 890's and can turn
around.

On Wednesday we get Retail Sales before the open. It looks
like the initial support needs to hold to keep the trends
from rolling back over. Another two-sided day is possible,
so look for a buying opportunity if there is a deep pullback
that can reverse. On the top side, the 914.50-915.00 area on
the ES has been rejected several times since falling from
the 927.75/927.00 double tops. That 914.50-915.00 area would
need to be exceeded, and not quickly reversed, in order to
get the momentum back in favor of the bulls again. If there
is a rally to a lower high than 927 (around 920 ideal) that
then reverses on a daily chart, then a bigger picture top
could be in place. If instead the ES drops back to around
the 898.25-897.50 area and holds, then that could set up a
good buying opportunity unless something occurs to scare the
market.


June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

912.50
914.50-915.00
918.50-919.00
921.50-922.00
927.50-928.00

June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

903.25-902.50
898.25-897.50
894.00-893.50
889.50-889.00

June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1392.50
1395.50-1396.00
1400.75-1401.50
1407.00-1407.75
1421.00-1421.75

June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1373.25-1372.50
1368.00-1367.25
1362.50-1361.50
1352.50-1351.50

June 2009 Dow futures resistance
symbols: emini = ymm9

8481
8491-8495
8528-8532
8552-8556
8589-8594

June 2009 Dow futures support
symbols: emini = ymm9

8413-8409
8362-8358
8330-8327
8292-8288


Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.

We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************

TradeStalker's RBI Update 04/30/09

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

TradeStalker's

R.B.I. Trader's Update

4 / 30 / 2009

(Published Since 1996)

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


Dateline: 6:36 pm eastern time, 4/30/2009

The market opened higher on Thursday and after a quick
pullback the ES worked its way to 885.25 by late morning.
The upside lost momentum and buying dried up, and the market
rolled over. The selloff took the ES down to 867.00, and
then a bounce followed. After getting back to the 875.25
level, the move stalled out and the 60ema on the 5 minutes
chart turned into a lid. The fizzle and reverse after the
2nd push to 874.75 set up a little 1-2-3 pattern too and the
ES dropped to the 864.75 level with an hour left in trading.
The ES bounced back to 874.25 with 15 minutes left in stock
trading, but the move fizzled and the ES dropped back to the
864.75 low just before the close.

The End-of-Month settlement at fair value (which is useless
and should be done away with) had the ES settling at 870.00
and the NQ at 1393.50, which is quite a ways away from where
they last traded on Thursday. The market looks like it
topped on the last day of the month, or will if there
happens to be another run-up. The averages all rallied into
recovery high ground, but could hold the gains. This left
the break-out buyers on Thursday "holding the bag" so to
speak, and right before what should be a decent sized
selloff if the internal indicators are correct.

On Friday, the bounces should set up very good shorting
opportunities. It will take a break over the 874.50-875.25
area on the ES, the 1396.50-1397.50 area on the NQ, and the
8168-8175 area on the YM (that then holds, not quickly
reversed like on Thursday) for the market to avoid trouble.
If there is a move back over 870, and it then reverses back
down through that level, it would be a trigger for a
shorting opportunity. However, getting back up there would
be an unexpected gift by the looks of things at the moment.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

874.50-875.25
879.50-880.25
884.75-885.25
888.00-888.50


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

864.75-863.75
861.50
858.25-857.75
850.75-850.25
843.50-842.75


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1396.50-1397.50
1410.50-1411.25
1416.50-1417.50
1421.25-1422.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1387.75-1387.25
1382.25
1377.75-1377.00
1368.50-1367.25
1354.25-1353.25


June 2009 Dow futures resistance
symbols: emini = ymm9

8168-8175
8209-8213
8250-8256
8284-8289


June 2009 Dow futures support
symbols: emini = ymm9

8083-8078
8052
8018-8012
7956-7952
7885-7881


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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 RBI Update 04/27/09

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

TradeStalker's

R.B.I. Trader's Update

4 / 27 / 2009

(Published Since 1996)

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


Dateline: 5:42 pm eastern time, 4/27/2009

A gap down open reversed on Monday and the ES rallied from
851.00 to 865.50 by noon. The 861 level was broken, starting
a drop to test the early lows. The ES held at 850.50 and
bounced back to 859 as the market chopped into the close.

Short and sweet, a bit under the weather today... On
Tuesday the ES needs get over and hold the 859.75-860.25
area, and not quickly reverse as it did on Monday, to avoid
more trouble. On the downside, the ES needs to hold the 850
level and the Dow cash needs to hold 8000 to avoid more
damage on Tuesday. So, unless that 860.25 level is
overtaken, the bounces offer the better odds trades. A move
back towards the 846.00-845.50 area seems likely, and if
reversed then the 850.50-851.00 area on the ES and 8000 area
on the Dow cash would then be pivotal resistance.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

859.75-860.25
865.00-865.50
868.00-868.75
871.50-872.50 ES-875-878 SPX, 200d sma/trip top
876.00-876.50
880.50-882.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

851.00-850.50
846.00-845.50
837.25-836.75
831.50-831.00 **key**


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1374.50-1375.25
1382.25-1384.00
1388.50-1389.00
1394.25-1396.00
1398.75-1399.75

June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1362.50-1362.00
1354.75-1354.00
1343.00-1342.00
1328.00-1327.00 **key**


June 2009 Dow futures resistance
symbols: emini = ymm9

8016-8022
8070-8074
8082-8088
8119-8123
8137-8142

June 2009 Dow futures support
symbols: emini = ymm9

7938-7934
7885-7881
7819-7813
7755-7751 **key**


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


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 04/08/09

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

TradeStalker's

R.B.I. Trader's Update

4 / 8 / 2009

(Published Since 1996)

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

Dateline: 5:44 pm eastern time, 4/8/2009

The early game-plan worked out perfectly on Wednesday. The
early strength was reversed 20 minutes into the trading day,
and from an 821.75 high the ES dropped to the 811.00 level.
That was the test of Tuesday's low we were looking for, and
the market firmed and then turned back up. The rally fizzled
out after the ES poked over 825 and reversed. Buyers backed
away, and shorts jumped on, and the ES spilled back to
811.75 with just under an hour left in trading. Buyers
stepped to the plate and the market ended the day in a nice
uptrend as the ES rallied back to 823.00 just before
settlement.

The two-sided action that was expected set up some good
trading opportunities on Wednesday. The market has a pretty
solid bid when the downside stalls out and begins to turn
up. However, when the market gets back to what feels like
thin air, the selling starts and buyers back off until the
downside stalls. The market still has work to do to avoid a
bigger picture top, but it looks like a break of the 811-810
area on the ES is what it will take to break the market and
send the ES under 800.

On Thursday look to buy early weakness, and then if the
market obliges, the move should be prone to reverse as soon
as the upside fizzles. If a reversal occurs from around the
827.25 level, then it could be a high for the morning.
However, if there good follow-through on the upside and
that's not a problem, then we could see the 834.00-834.50
area before selling comes back in. If that turns out to be
the case, it could start the topping pattern that's possible
on the daily chart.


June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

824.50-825.25
827.25
834.00-834.50
842.50-843.00
847.75-848.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

818.00-817.50
810.75-809.50
807.00
804.50-803.75
798.00-797.25


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1305.00-1306.00
1309.00
1313.75-1314.75
1324.50-1325.25
1329.75-1330.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1293.50-1292.50
1285.00-1284.50
1276.00
1266.50-1265.50
1254.75-1254.00


June 2009 Dow futures resistance
symbols: emini = ymm9

7835-7840
7872
7938-7982
7996-8001
8036-8040


June 2009 Dow futures support
symbols: emini = ymm9

7754-7751
7698-7692
7678
7647-7642
7608-7601

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members

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


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

Trading Video: "Pop and Drop" from the 60 EMA

Hi Everybody,

Yesterday I recorded a couple of videos for you.

On Tuesday the ES turned down from the 60 period EMA on the
5 minute chart 4 times before dropping to its 810.75 low. In
the first video, I enter near the high of the day, and
the first rejection at the 60 EMA. Because that 60 EMA acted
as dynamic resistance, any of the 3 other rejections made
good entries too. The second video is follow-up.

First Video:
http://www.tradestalker.com/fizzle60/index.html

Second Video:
http://www.tradestalker.com/60fizzx4/index.html

Hey, we only have 4 spots left for the upcoming RBI Trading
Camp. Go to the link below for more details and to register!

http://www.tradestalker.com/RBI-Trading-Camp.htm

Good Trading,
Mike Reed
TradeStalker.com

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

TradeStalker's RBI Update 04/07/09

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

TradeStalker's

R.B.I. Trader's Update

4 / 7 / 2009

(Published Since 1996)

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


Dateline: 6:38 pm eastern time, 4/7/2009

The market gapped down below the Monday lows on Tuesday and
after 20 minutes there was a reversal back to the upside.
The bounce popped over the 821 resistance, but the 60ema on
the 5 minute chart turned into the lid and the move was
reversed from 822.25 on the ES. The 816 level was holding on
pullbacks, but it finally was broken and the market went
into trend down mode. The ES reached 810.75, just over the
810.25-809.50 support and bounced up to 819.50 with 15
minutes left in stock trading. The move didn't stick and the
ES dropped 8.25 points to 811.25 before firming into the
close.

The indicators are very mixed, mostly in neutral territory,
at the moment. As for prices, the market is getting its
uptrend off the lows somewhat damaged. The ES has a gap
below still to fill, however it held above the 810.25 level
on 3 drops on Tuesday and recovered all three times.

Given that, we will likely get two-sided action on
Wednesday. If there is a rally from down here that goes to a
lower high on the daily chart and then reverses, it would
set up a bigger drop than we have seen thus far. If the
market continues to head lower, then a reversal must occur
from the 804.50-803.75 zone on the ES or above, otherwise a
drop back into the 700 handle is in the cards on this leg
down.

On Wednesday look to short early strength if there is a
reversal in the first 30 minutes or so. If that plays out,
then the 810.50-809.50 will hold on a pullback if the market
is strong. If the market breaks under that area, it must
quickly reverse, otherwise the downside pressure could pick
up some pace. If it is reversed, then a decent snap-back
rally could be in the cards.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

819.00-819.50
823.50-824.00
827.25
834.00-834.50
842.50-843.00
847.75-848.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

810.75-809.50
807.00
804.50-803.75
798.00-797.25


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1286.75-1287.50
1296.50-1298.00
1305.00
1313.75-1314.75
1324.50-1325.25
1329.75-1330.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1272.75-1271.50
1266.75
1262.50-1261.50
1254.75-1254.00


June 2009 Dow futures resistance
symbols: emini = ymm9

7797-7803
7835-7840
7872
7938-7982
7996-8001
8036-8040


June 2009 Dow futures support
symbols: emini = ymm9

7711-7703
7678
7647-7642
7608-7601

CLICK HERE for FREE Trading Articles and Videos!
---------------------------

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members

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)


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


Good Trading,
Mike Reed

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 RBI Update 04/05/09

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

TradeStalker's

R.B.I. Trader's Update

4 / 5 / 2009

(Published Since 1996)

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

Dateline: 5:34 pm eastern time, 4/5/2009

On Friday the ES sold off to 822.75, which was just a bit
over the 821.00-820.00 key support area, and then turned
back up. The rally reversed after reaching 838.00 on the ES
and a pullback to 829.25 followed. Buyers stepped to the
plate in the last 30 minutes and it gave the market a run to
new highs for the day, finishing off a good week for the
bulls.

The market continues to act amazingly well. However, there
are some problems that are normally red flags in a normal
market. On Friday the SP500 cash had an inside day, as the
volatility dried up at a high. Narrow range days at new high
areas often lead to reversals, as it shows a loss of upside
momentum. The only problem with this at this time is that
the ES closed just under the high for the day/week. Other
problems are that the "end-of-month plus first 2 days of a
new month" upside bias is now outside of that timeframe. In
addition, the internal gauges are either overbought, or
showing minor divergence at the new closing high for this
leg up. Finally, the Vix broke the 40 level. A reversal back
up over 40 on the Vix would give a number of sell signals.

That said, it's time to be cautious up at these levels. For
now, but nothing bad happens unless the ES closes under the
Friday lows. If there is a pullback on Monday and the
829.50-828.50 area holds, then the market will remain in
decent shape and the bulls will remain in charge. However,
with the issues stated above, it's a red flag if that zone
is broken and not quickly reversed.

On Monday, look for a shorting opportunity if there is early
strength as soon as the upside fizzles and reverses. If that
plays out, beware of another reversal if the 829.50-828.50
area is tested and held. If it isn't held, then we could see
a test of the 823.00-822.75 area again, with odds pretty
good that it will be broken.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

842.50-843.00
847.75-848.00
852.50-853.00
861.65 {SP500 cash} **reversal/old breakdown level**
875-877 {SP500 cash} **major**


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

838.00-837.50
829.50-828.50
823.00-822.75
818.00-817.70
810.25-809.50


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1318.00-1319.00
1324.50-1325.25
1328.75-1329.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1314.00-1313.50
1304.50-1302.75
1294.50-1293.25
1287.75-1286.50
1254.75-1254.00


June 2009 Dow futures resistance
symbols: emini = ymm9

7996-7801
8036-8040
8089-8093


June 2009 Dow futures support
symbols: emini = ymm9

7962-7958
7876-7871
7844-7840
7800-7796
7734-7725


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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 RBI Update 03/30/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 30 / 2009

(Published Since 1996)

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


Dateline: 6:27 pm eastern time, 3/30/2009


The market gapped down on Monday (21.75 points on the ES)
and kept going until bouncing from 780.25 on the ES. The
bounce fizzled at updated resistance and the ES worked its
way down to 775.50 with an hour left in the trading day. A
run-up to 783.75 didn't stick and the ES dropped 5 points to
778.75 before rallying into the close.

The end of month and end of quarter will probably give some
volatility on Tuesday. As noted in Sunday night's update,
the loss of upside momentum and break of the 810.00-809.50
combined to turn the market down. The internal gauges are
slightly oversold, but one more poor day away from getting
to a deep oversold condition. Despite falling 55 points in 2
days, one more push down that reverses would set up a very
good-odds trade on the long side. If the ES does make one
more push lower on Tuesday and can reverse from near the
771.00-769.50 zone on the ES, then another good move to the
upside could set up.

On Tuesday, look for early strength to stall out and/or
reverse to set up a shorting opportunity. If that plays out,
the first good pullback should set up a buying opportunity.
That would especially be the case if there is either a
double bottom made near 776.00-775.50, or that gives and the
ES works down to around the 771.00-769.50 area and reverses.



June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

786.50-787.00
794.50-795.00
803.50-804.25
809.50-810.25 **strong, daily chart gap**


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

779.25-778.75
776.00-775.25
771.00-769.50
762.00-761.50 **critical**


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1226.50-1227.00
1232.50-1234.50
1240.50-1241.50
1248.00-1248.85 **strong, daily chart gap**


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1211.50-1210.75
1204.25-1203.50
1199.50-1198.75 **major**


June 2009 Dow futures resistance
symbols: emini = ymm9

7498-7505
7558-7564
7642-7647
7677-7684 **strong, daily chart gap**


June 2009 Dow futures support
symbols: emini = ymm9

7416-7411
7384-7379
7337-7332 **major**


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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 RBI Update 03/26/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 26 / 2009

(Published Since 1996)

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


Dateline: 5:47 pm eastern time, 3/26/2009

The game plan was to short early strength on Thursday and
then if the market obliged, turn around and get long when
the first decent pullback reversed. The game plan went
according to script. The ES popped up 10.50 points on the
open on Thursday but the strength was reversed from 823.25
resistance about 15 minutes into the trading day. From
there, the ES dropped 12.25 points to 811.00 and bounced a
bit. A pullback to 811.00 was then reversed and with a
little double bottom in place the ES grinded back up to
823.00 before a decent pullback occurred. The ES found
buyers around 817 on the pullback and turned up and rallied
to 829.00 before reversing. That was just over the 827.25-
828.00 resistance zone and after a pullback to new support
at 823.00, the ES bounced back to 828.75 and reversed. That
set up a 1-2-3 top and the ES fell back to 817.00 with an
hour to go in trading. Buying came back in and after some
chopping around, the ES ran up to 830.50 and then pulled
back into settlement.

The market is acting very well, but don't be surprised if
there is a decent shake out soon. When that comes, it will
likely set up a good buying opportunity. At the moment, the
market is in good shape unless there is a close under 814 on
the SP500 cash. Unless that occurs, it looks like the
pullbacks will be constructive in nature.

On Friday, look to get short if there is early strength that
fizzles/reverses in the first 20 minutes or so. Thereafter,
as long as the ES can hold and reverse from the 817.25-
816.50 area, the trends remain up and buying the pullbacks
should be the safer trade. If that area is broken and not
quickly reversed, then the market dynamics could be
changing.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

830.50-832.00
834.75
837.50-838.00
841.50-842.50


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

824.00-823.50
817.25-816.50
811.50-811.00
803.00-802.50


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1281.25-1282.00
1286.00
1292.50-1294.00
1297.50-1298.25


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1272.25-1271.50
1262.00-1261.00
1250.50-1249.75
1242.00-1241.50


June 2009 Dow futures resistance
symbols: emini = ymm9

7898-7908
7924
7961-7965
7999-8003


June 2009 Dow futures support
symbols: emini = ymm9

7829-7825
7762-7758
7698-7691
7631-7627

CLICK HERE for FREE Trading Articles and Videos!
---------------------------

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


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 03/25/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 25 / 2009

(Published Since 1996)

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

Dateline: 6:06 pm eastern time, 3/25/2009

The market opened on Wednesday and kept going until reaching
and reversing from 823.50 on the ES and it pulled back. The
815.25 level held and the ES popped over 820 and reversed a
couple of times going into noon. The last pop and reverse
happened shortly after noon, as the ES reversed from 821.50
again. After the 815.25 level was broken, buyers pulled bids
and shorts pressed them lower as the ES went trend-down to
787.00 by 3 pm. Buyers stepped to the plate and the ES
rallied back to 812.00 before softening into the close.

The daily indicators are in neutral for the most part and
the sentiment is a bit mixed. The market hasn't been able to
hold its gains, but it cannot stay down for very long
either. So, for now lets treat this as a trading range. A
test of the Wednesday lows would likely set up a buying
opportunity, if the move stalls and then begins to turn up.
On the other side of the coin, if the ES gets over 820 again
and reverses back down through that level, it should set up
a selling opportunity. For now, it looks like the market is
safe from a big down day unless the ES breaks the 787.00 low
from Wednesday and cannot quickly reverse.

On Thursday look to short early strength if it fizzles and
begins to roll over in the first 20-40 minutes of trading.
If that plays out and the first decent pullback can hold, it
will set up a good trade on the long side. The way the
market has acted, buying the sharp drops that reverse should
set up good buying opportunities. On the other side of the
coin, the rallies that fizzle should set up shorting
opportunities, but better if the ES reverses from near 820.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

812.00-812.50
815.00-815.25
821.50-823.00
827.25-828.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

803.00-802.50
795.50-795.00
787.50-787.00
782.00-780.50


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1239.00-1240.00
1244.75-1245.50
1253.50-1254.25
1263.50-1264.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1219.00-1218.50
1213.75-1212.50
1206.25-1205.25
1200.00-1198.75


June 2009 Dow futures resistance
symbols: emini = ymm9

7712-7716
7754-7758
7797-7809
7848-7853


June 2009 Dow futures support
symbols: emini = ymm9

7631-7627
7560-7546
7495-7491
7442-7434


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


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 03/18/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 18 / 2009

(Published Since 1996)

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


Dateline: 6:29 pm eastern time, 3/18/2009


The market opened lower on Wednesday, but after about an
hour of downside the ES turned up from 761.75 and put
together a pre Fed release rally. The updated support held,
but the ES had a bit of trouble at 777.50 before the release
and backed off 4.50 points to updated support at 773.00.
After the release, the ES shot up to 800.50 before fizzling
and pulling back. The drop held just over 780 on the ES and
then bounced back into the close.

The SP500 is up against pretty key resistance around the
Wednesday high. The Wednesday high on the SP500 cash was at
803..04, and that's not far from where the market broke down
to make the recent low at 666.79. The 804.30 level is the
bottom of the old 4-week trading range that was broken to
the downside on February 17th. Also the 50% retracement from
the January 6th high at 943.85 to March 6th low at 666.79 is
at 805.32. Finally, the 3 previous rallies were about 20%
moves, and 801 met that mark on Wednesday. So, there is
reason for the areas around the Wednesday highs to cause
problems, and potentially be a bigger picture reversal zone.

On Thursday look for early strength to set up a good
shorting opportunity, especially if there is another
reversal near the 803-805 area on the SP500 cash. If that
occurs, then the 780.50-780.00 area needs to hold on a
pullback. If that area doesn't hold, then the 773.25-772.75
zone would be key support. A reversal from that area would
set up a buying opportunity. If the ES drops that far, and
cannot get turned around, then the bigger picture trends
could be rolling over again.

**NOTE: The NCAA Tourney begins tomorrow, and things
can thin out. Don't expect afternoon updates on Thursday
and Friday afternoon as I take a short break. Boiler-up!


June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

796.00-796.75
802.50-804.25
807.50-808.00
811.25-812.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

780.50-780.00
773.25-772.75
769.25-769.00
762.00-761.75


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1217.50-1218.50
1226.50-1227.50
1232.00-1232.75


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1196.00-1195.00
1191.75-1191.00
1187.50-1186.75
1180.00-1179.00


June 2009 Dow futures resistance
symbols: emini = ymm9

7532-7540
7598-7603
7634-7639


June 2009 Dow futures support
symbols: emini = ymm9

7407-7402
7337-7334
7283-7278
7262-7258


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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 RBI Update 03/17/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 17 / 2009

(Published Since 1996)

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

Dateline: 5:58 pm eastern time, 3/17/2009

A flat open was sold on Tuesday and the ES dropped to the
747.25-746.75 zone. A token break of that zone lasted a
mille-second, and from 746.00 the ES reversed and rallied to
the 757.50-758.00 zone. That was a heads-up for a reversal,
and the ES dropped from 758.25 to 751.50 in a slow grind
lower. A reversal from that level started a rally to new
highs for the day. The ES reached 766.75 and the move
finally fizzled and reversed. The ES dropped to 758.50, old
resistance, and made a reversal pattern back to the upside.
That lead to a run to 769.75 before reversing course. Buyers
came back in with 30 minutes left, and from a 764.25
pullback low the ES ran up and took out the Monday high on
the way to a 777.00 high at the close.

We get the CPI before the open on Wednesday, and then the
Fed decision on interest rate policy at 2pm eastern time.
The market acted very well on Tuesday, and the path of least
resistance is to the upside at the moment. As long as a
pullback can hold the 758.75-758.00 area on the ES, it's
just that, a pullback in a good uptrend or trading range. If
that area is broken, and not quickly reversed, then the
market is back in trouble on a bigger timeframe.

On Wednesday, look for early strength to be sold as soon as
the upside stalls/reverses. If that plays out, then the
first decent pullback should set up a buying opportunity.
Thereafter, if there is a trending move into the Fed
release, then odds favor a reversal. In any case, after the
release there tends to be a quick back and forth movement,
then a trend should develop. If that occurs, the trend
should last into the last 30 minutes or so.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

777.00
779.00-779.50 *major*
785.50-786.00
792.00-792.50
797.50-798.50
802.50-804.25

June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

770.50-769.75
764.50-764.25
758.75-758.00
747.00-746.00

June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1191.50
1194.75-1195.50
1204.50-1205.50
1211.25-1212.50

June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1184.75-1184.75
1176.50-1175.75
1163.50-1162.75
1149.00-1147.50

June 2009 Dow futures resistance
symbols: emini = ymm9

7415
7436-7441
7488-7494
7562-7567

June 2009 Dow futures support
symbols: emini = ymm9

7369-7361
7316-7312
7271-7267
7176-7173

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


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 03/16/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 16 / 2009

(Published Since 1996)

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


Dateline: 6:33 pm eastern time, 3/16/2009


Early strength was sold on Monday, and the ES pulled back
from 764.00 to 757.25 before reversing. The rally took the
ES to the strong resistance at the 771.50-772.50 area by
1pm, and from 771.50 the ES fell back to the 20ema on the 5
minute chart for the 4th time and turned back up. The bounce
reached 771.50 again and reversed, and with a double top at
resistance in place, the market changed course. After
dropping to the 763.00-762.50 updated support, a bounce
stopped 1 tick under the updated 767.00 resistance and the
selling picked up steam. The ES fell to test the 750.50-
750.00 support zone and then reversed after stocks closed.

The indicators are still a bit overbought, and the reversal
from a strong resistance area is telling. That 771.50-772.00
zone will likely be a tough area to get through, still, and
must be exceeded for the bulls to get more out of this
rally. As it looks now, the ES is going to go into a trading
range, or else head back towards the 739.50-739.00 area on
this leg down. If that selloff turns out to be the case, and
that 739 level isn't held, then a trip back towards the
717.50-717.50 area may be in the cards.

On Tuesday, if there is follow through weakness, a reversal
in the first 20-40 minutes should set up a trade on the long
side. If that plays out, beware that the first decent bounce
will likely be sold as soon as the upside fizzles. The ES
must get over the 762.50-763.00 area and not reverse in
order to get to neutral territory. Unless that occurs, the
bounces that stall and roll over should set up the better
odds trades.


June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

757.50-758.00
762.50-763.00
766.50-767.00
771.50-772.50 *very strong*
779.00-779.50 *major*
802.50-804.25

June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

750.25-749.50
747.25-746.75 **pivotal**
739.50-739.00 **key**
735.00-734.50


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1155.25-1156.00
1158.75-1159.50
1163.25-1164.00
1172.75-1174.50
1182.75-1184.00

June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1142.25-1140.50
1137.50-1136.75
1129.00-1127.75
1123.50-1122.75

June 2009 Dow futures resistance
symbols: emini = ymm9

7281-7287
7316-7321
7352-7357
7389-7393
7460-7464

June 2009 Dow futures support
symbols: emini = ymm9

7204-7198
7166-7163
7106-7102
7065-7061

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


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 03/10/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 10 / 2009

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 3/10/2009

The ES opened up 14 points on Tuesday and kept going in a
steady buying frenzy until reaching 716.25 shortly before
2pm. A pullback held the updated support at the 707-706
area, and then ran up to the 717.25-717.50 zone with 30
minutes left in stock trading.. A 4.25 point dip to 713.00
was bought and the ES ran up to 721.75 after stocks closed.
That sprint was rejected and the ES reversed 6.25 fast and
settled a couple points under fair value.

That was a very nice oversold rally on Tuesday, but it might
have a short shelf-life. My RBI Oscillator is in sell
territory, and other short term gauges are out of oversold
territory. The sentiment is now extremely bullish, and that
normally isn't good. So, the market should have difficulty
holding gains at best on Wednesday. If this continues to
play out as expected, a decent pullback on Wednesday should
set up a rally that takes out Tuesday's highs, and then we
can get one last drop to test/break the lows. If we get
that, and reverse, that would set up a rally that will
stick.

After a trend up day, a back-and-forth type of day is
possible. However, the easiest trade of the day would be a
higher open near 720 on the ES. If that occurs, it is a gift
on the short side. If that plays out, then the first decent
pullback needs to hold the 707.00-706.50 area on the ES, or
the downside pressure could be on once again.

March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

721.00-721.75
724.00-724.50
728.50-729.00
732.50-734.00

March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

707.00-706.50
702.00-702.00
699.50-698.75
692.00-691.50 ** must hold**

March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1111.50-1112.50
1115.50-1116.50
1124.50-1125.00
1129.75-1130.50

March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1096.00-1095.50
1087.50-1086.50
1082.50-1081.50
1074.00-1072.50

March 2009 Dow futures resistance
symbols: emini = ymh9

6924-6928
6952-6957
6992-6997
7037-7042

March 2009 Dow futures support
symbols: emini = ymh9

6806-6803
6738-6734
6712-6708
6638-6632

FREE TRADING EDUCATIONAL ARTICLES/VIDEOS
CLICK HERE

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members

and for faster updates and additional commentary here:

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

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


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 03/09/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 9 / 2009

(Published Since 1996)

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

Dateline: 6:37 pm eastern time, 3/9/2009

The market opened lower on Monday, and the ES reversed from
the 675.00-674.50 KEY support and put together a decent
rally. However, the move fizzled and reversed from just 1
tick over the 694.00-694.50 resistance zone and a grind
lower was underway. After falling to 680.75, updated
resistance was given at 690.00. The ES reached 689.25 and
then dropped to 676.00 by 1pm. The 684 level was updated
resistance, and a ragged bounce reversed from 684.25. The ES
fell back to test the 676.00 level again, and the third time
down there was bought again. The ES was able to bounce back
to 682.25 but the move couldn't gain traction and the ES
rolled over and finally broke that support. After reaching
672.00 the market bounced back and churned into the close.

The averages all made new closing lows for this bear market
on Monday. It "feels" like there are eager buyers ready for
a good reason to buy stocks, but the bids get pulled as soon
as a hint of trouble appears. Oddly, the closing Trin on
Monday was a rather small .48. That's not what bulls want to
see for a good bottom to be put in place. Also, the
sentiment is way too bullish. The Vix is stuck around 50,
and hasn't spiked like it tends to do at good lows. Also,
the ISE call/put ratio reached 220 at Monday's close,
meaning for every 100 puts that transacted, there were 220
calls that traded. It seems that the options traders think
the market has only upside potential from here.

Although the market is oversold, the trends and momentum are
still to the downside, the bounces that fizzle should still
offer the better opportunities. If this leg down plays out
the way a "wave 5" often does, the SP500 cash could still
reach 626.74 (+/- a couple points) before a low can be put
in place. We shall see. The market still can not get a
decent rally to stick, so until it does the door remains
open for lower prices.

On Tuesday look for early weakness to be bought, and then
the first rally attempt should set up a shorting opportunity
as soon as the upside stalls out and begins to reverse. If
that happens early, and a bounce fails to break and hold
over the 684.25 level on the ES, then the bears are still
firmly in charge. However, if the ES gets over 684 and the
NQ gets over 1057.00, and the move isn't rejected, then a
run up to test/break the Monday highs could be in the cards
before another reversal occurs.

March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

677.50-678.00
683.50-684.25
688.50-689.25
694.25-694.75
699.75-700.25 **key**


March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

672.50-672.00
666.50-665.50
662.00-661.50
air-pocket possible

March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1048.50-1049.25
1056.50-1057.25
1065.50-1066.75
1077.00-1077.75
1089.50-1090.50

March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1041.00-1040.25
1035.00-1034.50
1028.75-1027.50

March 2009 Dow futures resistance
symbols: emini = ymh9

6558-6562
6608-6612
6650-6654
6693-6699
6738-6746

March 2009 Dow futures support
symbols: emini = ymh9

6512-6508
6464-6460
6419-6415

FREE Educational Trading Articles:
CLICK HERE to visit our site!

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members

and for faster updates and additional commentary here:

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

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


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 03/08/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 8 / 2009

(Published Since 1996)

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

Dateline: 5:49 pm eastern time, 3/8/2009

It was a rough week for the market as all of the averages
went to multi-year lows. On Friday the market popped up on
the Jobs data, but the early strength was sold and the
market traded in a trend down mode until the last hour of
trading. The ES reached 665.75 and then bounced. After the
pop failed, the ES made a little double bottom pattern and
then turned back up. In the last 45 minutes for futures
trading, the ES sprinted back up to 688.75 and settled well
over fair value.

We have seen these sharp rallies fizzle and reverse over and
over in this bear move lower. This time, however, the market
acted a bit differently. The downside didn't have the
momentum that most of the other drops have had. Also, in the
afternoon there was a switch away from a relatively weak NQ
versus the ES. The NQ acted like it was unable to be pushed
much lower and it flattened out and then got some wings on
Friday afternoon.

At the moment it looks like we could see a decent rally in
the shape of an up-down-up type of pattern. If that occurs,
then when that move runs out of steam on the upside, we
should get one more drop to test or slightly break the
Friday lows. The market is still somewhat oversold, and
Friday ended with the market in uptrends. If this pattern
plays out over the next few days, it should get the crowd
bullish again and set up that final shake-out.

Look for early strength to set up a shorting opportunity if
the move stalls and begins to roll over on Monday. If that
plays out, look for the first decent pullback to set up a
good buying opportunity. If there is a drop back to the
675.00-674.50 area, and the move stalls and quickly turns
back up, it is a good spot for an entry on the long side.

March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

688.00-688.75
693.50-694.50
699.75-700.00 **key**
702.50-703.50
712.50-713.00 **strong**
717.25-717.50
723.50-724.00 **short term major**


March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

680.50-679.75
675.00-674.50 **key**
670.50-670.00 **strong support must hold**
666.50-665.50


March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1077.00-1078.00
1083.50-1084.50
1091.75-1092.25 **key**
1100.50-1102.00
1110.00-1110.50 **strong**
1115.50-1116.50
1124.50-1125.00


March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1064.50-1063.50
1058.50-1057.75 **key**
1052.50-1051.50 **strong support**
1044.00-1043.00


March 2009 Dow futures resistance
symbols: emini = ymh9

6679-6685
6689-6693
6744-6749 **key**
6785-6789
6877-6882 **strong**
6919-6924
6967-6972


March 2009 Dow futures support
symbols: emini = ymh9

6603-6599
6546-6542 **key**
6505-6501 **strong support**
6463-6460

Visit our site for FREE Trading Articles:
CLICK HERE
---------------------------

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members

and for faster updates and additional commentary here:

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

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


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 03/03/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 3/ 2009

(Published Since 1996)

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


Dateline: 6:14 pm eastern time, 3/03/2009


The market opened higher on Tuesday, but the ES was
immediately sold and fell from 712.00 to 691.25 by late
morning. A bounce to 703 on the ES failed, and the market
went back to test the lows. A reversal from 692.50 started a
run-up to 709.50 just before 3pm eastern time, and then
selling came in. The ES fell through 703 and gathered some
steam, as the market fell to new lows in the final minutes
of trading. The ES finally reached the 688 handle that I've
been mentioning, reaching 688.75 just before settlement.

The market continues to act horrible, and the damage is
getting to a spot where it will take some time to repair.
Right now, it will take a close over 712 to begin a
bottoming process. The indicators are deeply oversold, and
the Vix did give one buy signal on Tuesday's close, so maybe
we can get a decent bounce intraday. However, it is
beginning to look like a drop of another 20 points on the ES
is very possible.

On Wednesday, continue to focus on the short side. If there
is early weakness, look for a reversal to set up a trade on
the long side. If that plays out, beware that the first
decent bounce will be sold as soon as the upside fizzles. We
will get the Fed Beige Book at 2pm eastern time, so the end
of day could see even more volatility than normal.


March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

699.50-700.00
709.00-709.50
712.50-713.00
719.25-720.00

March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

688.00-687.50
682.50-681.50
673.50-672.50
662.50-661.50
air-pocket if broken

March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1088.50-1089.25
1096.00-1096.50
1102.25-1102.75
1108.50-1109.50

March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1062.50-1062.00
1052.50-1051.50
1046.50-1045.50
[watch ES if broken]

March 2009 Dow futures resistance
symbols: emini = ymh9

6760-6765
6840-6845
6868-6873
6914-6917

March 2009 Dow futures support
symbols: emini = ymh9

6665-6662
6612-6607
6545-6540


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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