Showing posts with label day traders. Show all posts
Showing posts with label day traders. Show all posts

Thursday, February 18, 2010

Today's Trading Recap: 02/11/10

HOW OUR DAY WENT:

We were looking for early weakness to set
up a buying opportunity, and the ES dropped to 1057.50 and
reversed about 18 minutes into trading. The first bounce
reversed from just over initial resistance, then pulled back
to 1061.75 updated support area. After the bounce took out
the 1071.50-1072.50 former resistance, it turned into support
to buy for the run-up to the 1077-1078 area. The high for the
day was at 1078.00 and that zone offered 2 good shorting
opportunities.

Good Trading,
Mike Reed
TradeStalker.com

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


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

Sunday, January 10, 2010

TradeStalker's RBI Update 01/07/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 7 / 2010

(Published Since 1996)

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

Dateline: 6:10 pm eastern time, 1/7/2010

The early weakness on Thursday took the ES to the 1128
support and it quickly reversed, setting up a trade for a
bounce. The ES ran up to the 1135.00 resistance and then
pulled back. Then the ES broke 1131 and held that level on a
dip, keeping upside intact. After running to 1138.50, the ES
dropped right to the 1134.50 updated support where buying
came in and gave the market a run back to test the highs by
the close.

The Dow and SP500 both made new intraday and closing highs
for this bull market move. The Nasdaq averages did not. The
internal gauges mostly backed out of extreme overbought
territory on Thursday. The sentiment is still extremely
bullish, and the crowd being so bullish at new highs is kind
of scary. The exit door could get crowed if a dose of bad
news hits at this juncture. If not, a pop to the 1141-1143
area on the ES is still a possibility before there is a
sharp, or prolonged, downdraft.

We get the Employment numbers on Friday. Look to sell early
strength, and then if the market obliges and sells off, the
1134.75-1134.25 area on the ES then would need to hold on
the first good pullback to keep a good uptrend intact. If
that area on the ES, along with the 1870.25-1869.50 area on
the NQ, can not hold then the market could be rolling over.
If that is the case, then the key support to end the week is
at 1126.00-1125.00 zone.


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

1138.50-1139.00
1141.00-1143.00
1146.50-1148.00
1151.75-1152.25

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

1134.75-1134.25
1131.75-1131.25
1126.00-1125.00

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

1879.50-1880.50
1883.50-1885.25
1889.75-1890.50
1896.50-1897.50

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

1870.25-1869.50
1866.25-1865.75
1858.50-1857.50

March 2010 Dow futures resistance
symbols: emini = ymh0

10558-10563
10582-10586
10618-10621
10674-10678

March 2010 Dow futures support
symbols: emini = ymh0

10523-10520
10495-10491
10441-10438

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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


TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899

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

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

Tuesday, January 05, 2010

TradeStalker's RBI Update 12/17/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 17 / 2009

(Published Since 1996)

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


Dateline: 6:29 pm eastern time, 12/17/2009


The market opened lower on Thursday, and after a small
bounce off of the 1096.00 support failed at 1098.50, the
downside reasserted itself. The ES fell to 1093.25 in the
first 40 minutes and the market bounced back. The move was
weak and grudgingly higher into the late morning. The upside
couldn't stick, and the ES rolled over from 1098.50 to a
lower low at 1090.75 an then the move was reversed. A bounce
lasted until the ES reached 1096.50, reversing at the 60ema
on the 5 minute chart, and then stocks and futures dropped
into the 4 pm close for stocks. The futures rallied in the
last 15 minutes and settled well over fair value.

Friday is a quarterly expiration day, and about anything can
happen. The market is still in this compressed trading
range, and on Thursday the market fell to about the middle
of that range. The closing Trin was at 3.01 which is
normally seen at decent trading bottoms. Also, the
sentiment shifted in a flash, as the Vix jumped 9.6% on
Thursday.

On Friday we should get a two-sided trading day. Early
strength that stalls/reverses near the initial resistance is
a shorting opportunity. However, the market will be "okay"
as long as the initial support areas are held, so if there
is an early drop it could set up a buying opportunity as
long as that support is held. The ES made a double bottom at
the 1091.00-1090.75 area on Thursday, and the NQ held just
over the 1775 level for most of Thursday. If those areas are
not quickly reversed on a test, then the market could be
breaking down. On the upside, a rally back towards the
1098.50-1099.00 area on the ES needs to be watched for a
reversal. If the market is able to put together a good
rally, but the move stalls out near the 1102.50-1103.0 area,
or that area is rejected on a sprint higher, it should set
up a good shorting opportunity.



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

1096.00-1096.50
1098.50-1099.00
1102.50-1103.00


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

1091.25-1090.75
1088.00-1087.00
1081.50-1080.50


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

1787.00-1788.00
1792.00-1792.50
1796.75-1798.50


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

1775.50-1774.50
1770.25-1769.00
1762.50-1761.00


March 2010 Dow futures resistance
symbols: emini = ymh0

10292-10295
10309-10312
10361-10366


March 2010 Dow futures support
symbols: emini = ymh0

10249-10245
10211-10208
10152-10147


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.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Wednesday, December 16, 2009

TradeStalker's RBI Update 12/16/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 16 / 2009

(Published Since 1996)

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

Dateline: 6:26 pm eastern time, 12/16/2009

The market opened higher on Wednesday and the initial thrust
reversed from 1109.75, but a quick pullback held the 1108.00
low and then the ES pushed up to 1111.75 just before noon. A
pullback held at 1108.25 just before the Fed release, and
then after the release there was an up-down-up pattern per
usual. The ES bounced to 1109.25 after the initial pop-and-
drop, which was at updated resistance, and it stalled before
reversing and heading back down. The ES reached the 1103.00-
1102.50 support zone with 30 minutes left in stock trading,
and then the market firmed a bit into the close.

The market is still locked in a trading range. The
indicators are still neutral, however the Vix dropped over
4% on Wednesday and is close to its low for the last year
and a half. If it drops a bit more on Thursday, and then
reverses back up, that would give several sell signals. The
way the market continues to act - unable to hold gains while
churning near the highs for the year - is making the short
side the better side to trade at this time. Unless there is
a breakout over both the 1111.00-1112.00 area on the ES
*and* the 1807.75-1809.00 area on the NQ, and it isn't
quickly reversed, then the market will remain vulnerable and
could drop sharply if the ES cannot hold the 1096.00-
1094.75 zone on Thursday. If the bulls don't hold the market
there, and turn it back up quickly, then a trip to the 1088-
1087 area is likely, and a test of the 1081-1080 major
support at the bottom of the range would have a chance of
being tested.

On Thursday we get the Initial Claims before the open, and
then we get the Leading Indicators and Philly Fed releases
30 minutes into the day. If there is early strength, it
should set up a very good shorting opportunity, especially
if the 1107.25 area or just below is reached in the opening
15 minutes of trading. If that plays out, and the 1103.00-
1102.50 area is broken, then a top of some sort should be in
place for awhile. The 1100.50-1099.75 area would need to be
reversed, otherwise the market is in for a trip towards the
1096.00-1094.75 zone and potentially quite a bit more.

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

1107.25
1111.50-1112.00
1114.00-1115.00
1118.50-1119.00


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

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


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

1803.25
1807.75-1809.00
1812.50-1813.25
1818.00-1818.50


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

1796.50-1796.00
1790.50-1789.50
1784.25-1782.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10399
10448-10452
10469-10473
10522-10528


March 2010 Dow futures support
symbols: emini = ymh0

10367-10364
10354-10350
10329-10324

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


Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Monday, January 05, 2009

NEW LIVE TRADING ROOM !

Attention Day Traders!

Starting Monday, January 12th we are going to be testing out
a NEW LIVE TRADING ROOM using Hotcomm. Mike will be actually
calling out trades in this room. Hotcomm will enable you to
see Mike's charts and hear him call out trades.

Mike is going to try out the trading room for 3-4 weeks to
see if it's something that he would like to continue doing.
At the end of this 3-4 week period, you will be notified
whether or not Mike will continue the trading room, go back
to our usual operations, or maybe just make some minor
changes. This all will be completely up to Mike.

During this 3-4 week trial period,you are welcome to
participate in our Live Trading Room. In order to
participate, you need to do 3 things:

1- Have a Hotcomm license. If you do not have a Hotcomm
license already, you can do that here:
http://www.hotComm.com/order.asp for a VERY minimal fee.

2- Read Mike's ebook, "Read the Greed-Take the Money". This
will ensure that you understand his trading methods and will
enhance your experience in our trading room. You will be
able to get his ebook at a discounted price during this
trial. If you have already purchased Mike's ebook, please
review it prior to January 12th.

3- Choose one of the options below, and then go here to
register: http://www.tradestalker.com/trading-room.htm

- Options -

Option 1- $75 access for the trading room only (ONLY for
those of you who have already bought the ebook).

Option 2- $150 access to the trading room AND the nightly
updates (ONLY for those of you who have already bought the
ebook).

Option 3- $175 access to the trading room, nightly updates,
AND Mike's ebook combo ("Read the Greed-Take the Money" and
the 3 Hour teleseminar.

We only have 200 spots for the live trading room and they
are filling up fast, please get registered as soon as
possible to reserve your spot in the room. You can go here
now to register:
http://www.tradestalker.com/trading-room.htm

Please remember, you MUST be registered by Sunday, January
11th in order to participate in this 3-4 week trial.

Go to this link now to register:
http://www.tradestalker.com/trading-room.htm

The trading room password will be sent out Sunday - January
11th to all of those who have registered for the live
trading room trial per instructions above.

If you have any questions, as always, please don't hesitate
to contact us.

To Your Success,
Julie
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).