TradeStalker's RBI Update 04/11/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 11 / 2010

(Published Since 1996)

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

Dateline: 5:28 pm eastern time, 4/11/2010

The market started last week with a rally and the ES reached
1188.00 by Tuesday afternoon. From there, a volatile selloff
occurred into Thursday morning. The ES dropped down to
1171.00, then put together a trend up day until backing off
from 1185.00. On Friday the ES rallied to 1188.25 in the
first 35 minutes (in the 1188.00-1189.00 resistance zone),
then dropped to 1183.00 (just over the 1182.50-1182.00
initial support) about an hour into the day and it turned
back up. That move failed at 1188.75 and after a little
double top reversed the ES dropped and made a better double
bottom at 1185.00. In the last 30 minutes the ES broke and
held 1188.00 and caused a short squeeze that took the market
to new highs for the year across the board.

The market continues to hang in there and rally back after
the downside settles down. The move on Friday afternoon was
a bit parabolic, so early strength on Monday should set up a
very good shorting opportunity as soon as the move stalls/
reverses, and that could occur from the 1194.25-1195.00
zone. If that plays out, then a pullback should hold and
reverse back up from the 1188.50-1188.00 area on the ES and
the 1986.50-1985.75 area on the NQ, otherwise the move could
be too far to turn the market back up.

If the market continues to be strong and rallies through the
1194.25-1195.00 zone and doesn't reverse, but instead stays
over that area on a dip, then we could see the melt-up carry
towards the 1202.00-1204.00 area on the ES before a
rejection of the trend. If the market clears that area, and
does not reverse, then odds are decent that this is that one
last move up towards 1229 on the SP500 cash, and around the
1225 area on the ES, before this move runs out of gas and a
decent correction, or worse, begins.

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

1193.00
1194.25-1195.00
1198.50-1199.50
1202.00-1204.00


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

1191.50
1188.50-1188.00
1185.00-1184.50 **key
1182.25-1182.00 **S.T.Major
1178.00-1177.50


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

1992.75
1994.40-1995.00
1999.50-2000.50


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

1990.50
1986.50-1985.75
1982.00-1981.25 **key
1977.75-1977.00 **S.T.Major
1973.50-1973.00


June 2010 Dow futures resistance
symbols: emini = ymm0

10956
10968-10973
11001-11006


June 2010 Dow futures support
symbols: emini = ymm0

10942
10922-10917
10896-10892 **key
10881-10879 **S.T.Major
10856-10851

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 03/10/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 10 / 2010

(Published Since 1996)

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

Dateline: 6:38 pm eastern time, 3/10/2010

The market opened unchanged on Wednesday and then the ES
rallied to the 1147.00-1148.00 resistance zone before noon.
A 1-2-3 top formed off of the 1148.00 high, and the ES
dropped to 1138.25 before turning again. A test of the
1147.50 level was sold, then a pullback to 1141.50 occurred.
With 30 minutes left in stock trading the market bounced
back a bit into the close.

First off, the new front month for our futures contracts
rolls over to June on Thursday. M is the symbol for June
futures.

The market remains overbought readings not seen in a decade
by a few measures. So far it has led only to back and forth
action. On Wednesday the ES tested the January globex high
of 1148 and was rejected twice. That is at the 1142.75-
1143.25 area on the June futures. A move over that zone
must stick, instead of reverse like on Wednesday, to get a
move towards the 1154 area on the SP500 cash in gear. The
upside has not been able to stick, so if the market has
enough juice to get over the 1143 area on the ES, then a
reversal from near that 1154 level on the SP500 cash (around
1149-1150 on the ES) should set up a very good shorting
opportunity.

We had the same pattern on Tuesday and Wednesday, with early
rallies that fail. On Thursday, look for a shorting
opportunity if there is early strength and the move is
reversed from near the initial resistance zones. If that
plays out, a drop to the initial support areas needs to be
defended. If the market loses its underlying bid, and the NQ
breaks/ holds under its 1911 area, then pressure should be
on short term.

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

1142.75-1143.25
1146.00-1146.50
1154 {ON SP500 Cash}


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

1137.50-1137.00
1134.50-1134.00
1131.50-1130.75
1129.25-1128.50


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

1917.50-1918.50
1922.00-1923.00


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

1911.00-1910.25
1908.00-1907.50
1903.75-1903.00
1898.50-1897.50


June 2010 Dow futures resistance
symbols: emini = ymm0

10516-10518
10542-10548


June 2010 Dow futures support
symbols: emini = ymm0

10481-10477
10457-10453
10422-10418
10402-10397

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 03/07/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 7 / 2010

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 3/7/2010

The ES gapped up 7 points on Friday and after a brief
pullback the upside reasserted itself and the ES bounced
from 1126.00 to 1135.00 in trend up fashion into the 2:20-
2:40 time frame. Finding good support at the 1132.50 level,
the market broke out over the 1135 high and tacked on almost
4 more points. An instant message warned of resistance at
1138 on a bounce, and that was rejected just before the
close.

NOTE: I'm having a camp this week, so my apologies if I
don't get out as many intraday updates as usual over the
next few days. The instant messenger will work the best for
those.

The market broke the range to the upside on Friday, and now
the task will be holding on to those gains. The internal
gauges are at overbought extremes. My RBI oscillator is in
sell territory, and the 3 day Thrust oscillator is at +.57.
Other internal gauges like the McClellan oscillator are more
overbought than at the January top. Also, the Vix closed
more than 10% under its 10 day average close, and also at a
new low for the year. A reversal would give 5 sell signals
on Monday. Finally, the closing Trin on Friday was at .40.
That is equivalent to a closing Trin of 2.50 if the data is
reversed. On February 23rd, with the SP500 cash at 1094.60
and a closing Trin at 3.03 I stated that it should mark a
low within 7 trading hours. The market headed higher and
hasn't looked back since then. At this juncture it looks
like a top should occur on Monday, if it didn't top already
on Friday.

That said, the market does have a good bid on the deeper
drops. If there is a selloff that can hold and reverse from
the 1133.00-1132.50 area on the ES, it will keep the market
from falling apart. If the market sells off to the Friday
afternoon low areas, and does not quickly reverse, then a
bigger drop is in the cards. Unless that happens, there
should be two-sided action at best on Monday so look to get
short if the Friday highs are tested and rejected. If we get
a selloff and the 1133.00-1132.50 area is not defended, then
things will be changing short term.


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

1138.00-1138.75
1141.50-1142.00
1146.50-1147.00

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

1135.50-1135.00
1133.00-1132.50
1126.00
1123.50-1123.00
1120.50-1120.00

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

1888.75-1889.50
1893.75-1894.50
1902.00-1903.00

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

1883.00-1882.00
1879.50-1878.50
1868.50
1860.75-1859.00
1854.75-1854.00

March 2010 Dow futures resistance
symbols: emini = ymh0

10558-10561
10581-10584
10616-10620

March 2010 Dow futures support
symbols: emini = ymh0

10532-10528
10514-10511
10468
10440-10436
10423-10419

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 03/04/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 4 / 2010

(Published Since 1996)

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

Dateline: 8:26 pm eastern time, 3/4/2010

The early strength was sold about 30 minutes into trading on
Thursday, and from 1123.00 the ES dropped 7.50 points to the
1115.50-1115.25 key support. That first decent pullback held
and reversed off of that 1115.50-1115.25 zone and rallied to
1120.00 resistance. Then the ES went sideways in a 2.25
point range for more than an hour, which set up a couple of
scalp shorts from the 1120.00-1120.50 resistance. The 4th
drop took the ES to 1117.75 and quickly reversed. The bounce
failed 1 tick over the 1120.50 resistance, but the pullback
was just 1.75 points before heading back up in the last 45
minutes of trading.

We get the Employment data before the open on Friday, and it
should lead to a big volatile day. The market is currently
range-bound, and is close to the top of that range at
Thursday's close. It is at 1125 on top and 1115 on bottom,
and after churning in that range for three days, that 1115
bottom side needs to hold or else the downside could gather
some steam.

On Friday, if there is early strength, look for a reversal
to occur in the first 30 minutes of trading. if the market
opens lower, then the initial support needs to hold to avoid
rolling over. If the market gets hit with selling, then a
reversal from the 1115.50-1115.25 would need to occur,
otherwise the week ends on a bad note.

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

1124.50-1125.00
1127.50-1128.00
1132.00-1133.00

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

1120.50-1120.00
1115.50-1115.25
1112.00-1111.25
1107.50-1106.50 **strong, key
1104.25-1103.50


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

1861.75-1862.25
1867.50-1870.00
1876.50-1878.00

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

1854.75-1854.00
1846.75-1846.00
1841.75-1840.75
1836.50-1834.75 **strong, key
1827.00-1825.25


March 2010 Dow futures resistance
symbols: emini = ymh0

10455-10458
10482-10486
10514-10519

March 2010 Dow futures support
symbols: emini = ymh0

10423-10419
10374-10369
10338-10334
10289-10284
10258-10253

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.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

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

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 03/02/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 2 / 2010

(Published Since 1996)

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

Dateline: 7:26 pm eastern time, 3/2/2010

The 1121.50-1122.50 area on the ES was rejected shortly
before stocks opened and the early strength was sold as the
ES dropped 4.50 points to 1116.25 before turning up. That
first decent pullback was reversed, and a tepid buy-up to
the 1121.50-1122.50 area followed. At 1:55 pm (with the
market at its highs) I gave a lot of reasons to avoid longs
via Instant Message, and after taking out 1119 that level
turned into resistance as the market gave back its gains.
The ES reached 1105.25 to fill the gap on the daily chart
then bounced a bit into the close.

The futures topped out at a good resistance area on Tuesday,
and now the market is getting short term overbought again.
The McClellan oscillator reached +199, and my 3 day Thrust
oscillator reached +.62. in addition to that, the Vix gave 2
sell signals at Tuesday's close. This should tilt the odds
in favor of selling strength on Wednesday. We will get the
Fed's Beige Book release at 2 pm on Wednesday and then the
volatility should begin.

If the market opens higher look for that to set up a trade
on the short side. A weak market would be sold from the
1118.50-1119.25 area on the ES. If that plays out, then a
drop that reverses from the 1112.00-1111.25 area on the ES
could set up a trade on the long side. If that occurs, don't
overstay that side as the upside appears to be very limited.
A decent bounce that fizzles out near the Tuesday highs
should be sold if the indicators are not a day early. If the
Tuesday highs are tested and rejected, then a good sized
drop could come from that. If the Tuesday highs are easily
exceeded, then a run up to the 1126.50-1128.00 area could
occur before any attempt to reverse directions occurs.

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

1118.50-1119.25
1122.00-1122.75
1126.50-1128.00


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

1115.25
1112.00-1111.25
1107.50-1106.50 **strong, key
1104.25-1103.50


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

1853.50-1854.25
1861.75-1862.25
1867.50-1870.00


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

1846.50
1842.50-1841.75
1836.50-1834.75 **strong, key
1827.00-1825.25


March 2010 Dow futures resistance
symbols: emini = ymh0

10408-10412
10436-10440
10486-10494


March 2010 Dow futures support
symbols: emini = ymh0

10377
10369-10364
10322-10319 **strong, key
10301-10297

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 02/25/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 25 / 2010

(Published Since 1996)

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


Dateline: 6:32 pm eastern time, 2/25/2010

It was quite a day on Thursday. The ES opened down 16 points
and after dropping to 1084.50 in the first 20 minutes the ES
turned back up. Shortly after noon the 3rd intraday update
stated:

"The ES grinded down to 1085.75 and made a little
double bottom there before turning back up. The
lows should be in place as long as the 1088.00-
1087.50 area on the ES is held."

The 1088.00-1087.50 area held and then around 1:45 pm the
market shot higher with the ES rallying to the 1098.50-
1099.00 resistance zone. A pullback held at 1095.00 and then
the market went into a trend up move to the 1103.00 level by
the close.

The market is in a big trading range at the moment and by
the look of things this volatility should continue. The
internal gauges are all in neutral territory, with plenty of
room to move either way.

The bounces, no matter how impressive, have not been able to
hold lately. However, when the market gets hit hard, the
buyers come back in droves. That is a trading range
environment, and unless the 1085.25-1084.50 area is broken
on the downside or the 1110.50-1111.00 area is exceeded on
the upside we can expect this range to continue.

The ES ended the day at 1103.00, and the 16 point drop on
Thursday's open came from the 1103.50 settlement on
Wednesday. So, the initial resistance areas need to be
exceeded and not reversed early Friday to avoid another
drop. If there is an early dip, it will need to reverse from
the 1095 area to avoid another trip down to test the
1090.75-1090.00 zone. A pullback should go no further than
that 1090.75-1090.00 zone if it is going to come roaring
back as it has been doing. That is where the rally kicked
into gear on Thursday afternoon. If that area is broken, and
not quickly reversed, then the week will end on a down note.

On Friday we get the GDP before the open, then we also get
the Chicago PMI 15 minutes into the day and then the
Michigan Consumer sentiment 25 minutes into trading. Then at
10 am we get the Existing Home Sales data. So, after the
first 30 minutes the market will have the rest of the day to
trade on its own. For now, no harm is done unless the
initial support is not defended and the 1095 area on the ES
is not quickly reversed on Friday.

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

1103.50-1104.25
1108.00-1108.50
1110.50-1111.00
1114.50-1115.00


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

1098.00-1097.25
1095.00
1090.75-1090.00
1087.50
1085.25-1084.50


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

1816.00-1817.00
1822.25-1823.25
1829.25-1830.00
1833.25-1834.00


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

1806.25-1805.25
1800.50
1789.00-1788.00
1784.50
1781.00-1780.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10321-10326
10390-10395
10419-10421
10435-10439


March 2010 Dow futures support
symbols: emini = ymh0

10277-10273
10257
10215-10212
10198
10177-10173


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 02/17/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 17 / 2010

(Published Since 1996)

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

Dateline: 6:04 pm eastern time, 2/17/2010

The gap up open reversed from the 1097.75-1098.50 resistance
on the ES and it pulled back 3.50 points to 1094.50 before
bouncing. Then, the 2-sided action we expected was evident.
The short side on the pops over 1098 were the better
reward/risk opportunities for scalps as the back-and-forth
action was in play all day. The market did avoid a break-
down however by holding 1096 and rallying back to make a
token new high at the close.

On Thursday we get Initial Claims and PPI before the open,
and then the Leading Indicators and Philly Fed releases at
10 am. While the intermediate term internal gauges have
firmed up, the short term internal gauges are now very
overbought nearly across the board. The Vix dropped to be
more than 10% under its 10 day average close. If the Vix
drops early on Thursday, and then reverses back up, that
should signal the start of a decent pullback. Unless this
move is in the early stage of heading towards or through the
yearly highs, a breather is due and we should get a bit of a
pullback.

On both Tuesday and Wednesday the market gapped open above
the previous days highs. If the same occurs on Thursday, and
the ES reverses (especially if the reversal comes from the
1102.50-1104.00 area), that should set up a pullback at
least. If the ES can stay over 1098 on a dip, the upside
will remain strong. However, if that 1098 area is broken,
and not quickly reversed back to the upside, then pressure
should be on for a decent drop. The 1089.00-1088.50 zone
should/ must hold if the market gets hit with some selling
on Thursday. If the market gets down there, and cannot turn
around and rally back, then we could see a day or so of
downside action before the market gets footing and turns
back up.

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

1100.00
1102.50-1104.00
1107.50-1108.00
1110.50-1112.00


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

1098.00
1096.50-1096.00
1093.75-1093.00
1089.00-1088.50
1086.75-1086.25


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

1812.50
1816.50-1817.00
1821.50-1822.50
1828.00-1829.00


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

1809.59
1807.00-1806.50
1803.25-1802.25
1795.25-1794.50
1792.50-1791.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10302
10335-10342
10378-10383
10402-10407


March 2010 Dow futures support
symbols: emini = ymh0

10289
10280-10277
10257-10252
10204-10200
10182-10179

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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


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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 02/07/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 7 / 2010

(Published Since 1996)

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

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

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

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

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

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

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


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

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


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

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


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

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


March 2010 Dow futures resistance
symbols: emini = ymh0

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


March 2010 Dow futures support
symbols: emini = ymh0

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


CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 01/31/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 31 / 2010

(Published Since 1996)

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


Dateline: 5:46 pm eastern time, 1/31/2010

The ES rallied to the 1092.50-1093.00 resistance zone in the
first 30 minutes on Friday, and looking to short early
strength, that made a great reward/ risk entry. The move
stalled out and reversed and dropped 15+ points to 1077.75
by noon (we had updated support at 1078-1077). There was a
bounce off of that level, but it stopped right at the
1084.50-1085.00 updated resistance and fell 6.75 points to
1077.25 support and bounced... right to the 1081.50
resistance. So much for a double bottom, that support broke
on the 3rd try and a 14 point drop to 1067.50 followed. That
1068.00-1067.00 zone was at the last target/support for
Friday, and a decent bounce of 7.75 points on the ES
followed. However, that move was sold and the ES dropped
8.75 points to 1066.50, as only the closing bell could stop
the bleeding on Friday.

From the highs made on January 19th, the Dow lost 686
points, the ES lost 80.50 points, and the NQ lost 164
points. That is quite a move over just 8 trading days. The
volatility has been great, as there was at least 32 swings
of 4.00 or more points on the ES last week. The average
daily range for the ES over the last 8 days is 19.81 points.
This environment is emotionally charged up, so the
volatility should continue. The daily indicators went back
to extreme oversold condition, but lately that hasn't
mattered. A closing Trin around 3.00 is what's missing from
having a capitulation bottom.

Pretty soon the market should attempt to rally back, but it
likely will not hold. If the market can get over the initial
resistance areas and not quickly reverse, then the downside
momentum should be lessening and then the 1084.00-1084.50
area on the ES would be a key resistance. If the market can
get over that area and not fizzle, then a move back towards
the 1097-1098 area could be possible over a day or so.
However, if the initial resistance areas are not cleared and
held on a pullback, then the downside should continue as
bounces are still being sold. If the downside continues,
then the 1062.25-1060.50 zone could be in the cards. If the
market drops further, and cannot hold that area, then the
downside could gather momentum and head towards the 1043
area on the SP500 cash on this leg down.



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

1074.50-1075.25
1078.00-1078.50
1084.00-1084.50
1088.50-1089.00


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

1066.50-1065.75
1062.25-1060.50
1058.25-1057.50


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

1745.50-1746.50
1753.00-1754.00
1762.50-1763.25
1768.75-1770.00


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

1733.00-1731.75
1721.50-1719.75
1715.50-1714.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10060-10063
10076-10079
10127-10132
10154-10156


March 2010 Dow futures support
symbols: emini = ymh0

9996-9992
9947-9943
9921-9918

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 01/25/10

HOW OUR DAY WENT:

The bottom line last night for an early
trade setup stated:

"If the market opens higher but reverses around the 1097.50-
1098.50 area in the first 30 minutes, that should set up a
trade on the short side for a pullback towards the Friday
closes, or lower."

Early strength reversed from just over the 1098.50 resistance
on the e-mini SP futures about 30 minutes into the day, then
dropped 7 points to 1091.75 which was Friday's closing range.
After a bounce, a new low was made at 1089.75 and the trend
down move reversed. After reaching 1097.75, there was a
pullback to 1094.50 updated support. A bounce of 5 points on
the ES to 1099.50 followed. Per I.M. the bounce was a short
at 3:14pm at 1098.25 with updated support at 1092.50 that
was reached at the close.

Good Trading,
Mike Reed
TradeStalker.com

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

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

TradeStalker's RBI Update 01/21/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 21 / 2010

(Published Since 1996)

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

Dateline: 6:28 pm eastern time, 1/21/2010

The ES popped up and then reversed from the 1136.75-1137.50
resistance in the first 30 minutes, then dropped fast to the
1119.50-1118.50 support and there was a small bounce. It
stopped at 1122.50 which was updated via instant message,
and then an 11 point drop to 1111.50 followed. After a
bounce, a new low was made at 1110.75 and then a bounce to
the 1119.50 resistance failed. A drop of 7.75 points to
1111.75 followed, and then after a bounce back to 1117.00
the market proved it was in trouble by reversing and selling
off into the close.

The market broke down to where the year closed out on
Thursday. The market is not yet oversold, and the drop so
far is not the normal slow drift that other recent
pullbacks. A top at the 1147 level won't be seen for awhile,
that looks pretty certain. The market also woke up from the
complacent mood, as the VIX jumped over 19% on Thursday. If
there is another sizable drop, and the SP500 cash and
futures reach the 1080 area and reverse, that will set up a
good trade on the long side. Until then, or until the market
shows signs of changing, the bounces should continue to fail
so stay with shorting the bounces for now.

On Friday look for early strength to set up a very good
shorting opportunity, if the market can muster a bounce. A
lower open that reverses in the first 20-40 minutes should
set up a scalp on the long side. However don't fall in love
with the long side just yet, as the bounces are still
shorting opportunities. The bears finally have the upper had
and are pressing on the bounces, so only a break/ hold over
the 1119.00-1119.50 area on the ES AND the 1857.50-1858.00
area on the NQ will have a chance to turn things around.

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

1117.00
1119.00-1119.50
1122.50-1123.00
1125.75-1126.25

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

1109.50-1108.50
1104.25-1103.50
1099.00-1098.25

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

1852.50
1857.50-1858.00
1862.50-1863.00
1868.00-1869.50

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

1836.50-1836.00
1832.00-1831.25
1824.50-1822.75

March 2010 Dow futures resistance
symbols: emini = ymh0

10370
10384-10388
10423-10427
10468-10475

March 2010 Dow futures support
symbols: emini = ymh0

10315-10310
10279-10275
10230-10225

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 01/20/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 20 / 2010

(Published Since 1996)

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

Dateline: 7:56 pm eastern time, 1/20/2010

The pivotal 1143 level on the ES was rejected in pre-open
trading, and the big down open gathered momentum as the ES
kept pushing lower until the ES reached 1125.25. We took
some nice profits on puts bought on Tuesday, and gave
updated resistance at 1129.50-1130.00. The ES bounced to
1129.75 and stalled, then dropped 4 points to 1125.75 to
make a double bottom. After getting over 1129.75 the ES, it
popped up to 1131.00 but only dipped to 1129.25 and then the
uptrend resumed as the market rallied back into the close.

There isn't much to say tonight that's new. The VIX jumped
up over 10% intraday on Wednesday, and then turned back up.
That should mean more volatility ahead, and that the market
isn't quite ready to roll over. The ES is in a 22 point
range, so look for a buying opportunity on a test of the
bottom side if / when there is a reversal. On the other side
of the coin, a move back towards the 1143 area on the ES
would set up a good shorting opportunity if a top is in
place up at the 1147 area. We get the Philly Fed and the
Leading Indicators release 30 minutes into the day on
Thursday and that should cause a reaction.

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

1136.75-1137.50
1140.25-1141.00
1143.00-1143.50
1147.00-1148.00


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

1131.50-1131.00
1129.25
1125.75-1125.25
1123.00-1122.50


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

1876.25-1877.00
1884.00-1885.00
1890.00-1890.75


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

1859.00-1858.25
1854.50
1851.00-1849.75
1845.50-1844.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10575-10578
10627-10631
10653-10656


March 2010 Dow futures support
symbols: emini = ymh0

10536-10533
10509
10469-10465
10443-10439

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 01/14/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 14 / 2010

(Published Since 1996)

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

Dateline: 6:43 pm eastern time, 1/14/2010

The lower open reversed from above initial support and
bounced to right in the middle of the 1145.25-1146.25
resistance zone. That set up a short for a 5+ point drop to
1140.00. Then the market started a rally and a couple of
scalps from 1143.50-1144.00 updated resistance set up. The
pullbacks held the updated support, but bounces weren't
holding either so we turned to buying over the 1143.50 level
at shorting 1145 area. We scratched the 1145 short, then a
pop into the 1146.50-1148.00 area reversed and dropped 3
points before the close.

If the 1147-1148 area is not rejected, then a chance for one
more push higher is possible before this move loses its
luster. Since the bottom in March 2009 there has been just
one decent correction. That started after the SP500 cash
rallied 289 points from March low to a high in June 2009.
The SP500 cash then dropped 67 points on a closing basis in
July 2009. From that low, an equal move would put the SP500
cash at 1158.77 intraday. That would be around the 1154.50-
1155.50 area on the ES, and there are a couple other numbers
in that area that should make it tough to get through if the
highs are broken and the market doesn't quickly reverse.

Earnings after the close has the market trading a little bit
higher after the close. The ES has a double top at the
11147-1148 area to overcome. On the down side, the 1144.00-
1143.50 area was resistance early on Thursday, but the break
and hold over that area is what keeps the uptrend alive. If
that area is broken, then odds of a decent top being in
place begin to go up.

Early strength should set up a good shorting opportunity if
there is a reversal from just under 1150 on the SP500 cash
and futures. However, as long as that 1144.00-1143.50 area
is defended on a pullback, the market will be okay bigger
picture. There should still be very good shorting
opportunities when the bounces stall out, and those should
set up the "easier" and better odds trades up at these
levels.

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

1147.00-1148.00
1151.75-1152.25
1154.50-1155.50


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

1144.00-1143.50
1142.00
1138.50-1138.00
1133.00-1132.50


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

1894.50-1895.50
1900.75-1901.50
1905.50-1906.25


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

1884.00-1883.50
1880.50
1876.25-1875.50
1868.00-1867.00


March 2010 Dow futures resistance
symbols: emini = ymh0

10674-10679
10701-10705
10743-10748


March 2010 Dow futures support
symbols: emini = ymh0

10652-10649
10642
10610-10606
10587-10584

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 01/13/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 13 / 2010

(Published Since 1996)

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

Dateline: 6:51 pm eastern time, 1/13/2010

The early strength fizzled, setting up a short and the ES
then dropped 7.50 points to the 1129.00-1128.50 key support.
A quick reversal set up a trade on the long side and the ES
bounced 3.75 points to updated resistance at 1133.00. A
short at that area was stopped out for a small loss, as the
ES ran up to 1141.00. The 1138 level was given as updated
support, and that held for a 4.25 point move up to 1142.50.
The pullback from 1142.50 was just 1.50 points, and then the
ES reached 1145.25 and then sold off. The break of 1143.50
turned the trend, giving a short that gave a drop to 1141.25
just before settlement.

The market put together a good rally from the 1129.00-
1128.50 support area on Wednesday. This could turn into a
trading range, with a double top at 1145.25-1146.25 possibly
in place. On the lower side, that 1129.00-1128.50 area
should be a key support zone now, and as long as that zone
is not broken, the daily chart will still be in decent
shape.

The internal gauges are beginning to show bigger picture
divergences. If the breadth on the NYSE is not strong on
Thursday (that would be a net +1200 advancing issues) then
we could begin to get a bigger picture bearish divergence
almost across the board. That is what is often seen before a
decent sized correction.

On Thursday we get the Retail Sales before the open. If
there is a pop back up towards the Wednesday highs and the
move stalls/ reverses, then it sets up a shorting
opportunity. On the downside, as long as a pullback can hold
the initial support areas, the market will still be in good
shape. However, if they are broken and not quickly reversed,
then a drop to the next support areas should hold unless the
market is in trouble.

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

1145.25
1146.50-1148.00
1151.75-1152.25


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

1138.50-1138.00
1133.00-1132.50
1129.00-1128.50
1126.00-1125.00


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

1889.50
1893.75-1895.50
1900.75-1901.50


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

1876.25-1875.50
1868.00-1867.00
1855.25-1853.75
1850.00-1849.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10657
10667-10672
10694-10698


March 2010 Dow futures support
symbols: emini = ymh0

10610-10606
10587-10584
10561-10558
10521-10514

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 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.
*************************************************

TradeStalker's RBI Update 01/06/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 6 / 2010

(Published Since 1996)

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

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

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

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

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

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

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

1135.50
1136.50-1137.00
1141.00-1143.00


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

1131.50-1130.75
1128.00
1126.00-1125.00
1122.00-1121.25


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

1890.25
1894.00-1894.50
1900.50-1904.50


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

1873.25-1872.25
1869.25
1864.50-1864.00
1858.50-1857.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10544
10554-10558
10611-10616


March 2010 Dow futures support
symbols: emini = ymh0

10494-10490
10478
10461-10455
10425-10421

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

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

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

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

TradeStalker's RBI Update 01/05/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 5 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 1/5/2010

The opening strength on Tuesday was a short from the 1129.75-1130.50 resistance on the ES, and it fell to 1125.00 and quickly reversed. The ES then sprinted to 1132.75, but after the rally fizzled, a 1-2-3 top formed after the 1131.75 lower high reversed. The downside target/support at the 1126.50-1126.00 area was nailed. The market turned back up, and the rally was verified as 1129.50 broke/held and it was good for a rally back to 1133.00 by the close.

The market might continue to push higher, but at these levels there should be a pullback first. The indicators are getting short term overbought, and the VIX closed at its lowest level since the 2007 top. The Monday afternoon lows now need to hold, or quickly reverse if broken, to avoid a topping pattern. Unless that occurs, the moves to new highs that stalls/reverses should set up shorting opportunities and the pullbacks that are quickly reversed should set up trades on the long side. Don't get carried away with longs as the reward/risk doesn't look real favorable short term.

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

1132.50-1133.00
1135.75-1136.50
1141.00-1143.00

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

1130.00-1129.50
1126.00-1125.00
1122.00
1120.50-1119.50


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

1889.50-1890.25
1894.00-1894.50
1900.50-1904.50

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

1883.50-1883.00
1877.00-1876.00
1871.50
1868.50-1867.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10522-10528
10554-10558
10611-10616

March 2010 Dow futures support
symbols: emini = ymh0

10494-10490
10461-10455
10425
10401-10399

CLICK HERE for FREE Trading Articles and Videos!

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)

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

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

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

TradeStalker's RBI Update 01/04/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 4 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 1/4/2010

The market opened much higher on Monday, and the move
continued in trend up fashion until poking over the 1128.50-
1129.00 resistance zone. The ES reached 1129.75 while the NQ
stayed under its 1889.00 early high all morning and
afternoon. A double top gave a small pullback to 1127.50
which turned into a double bottom just before the close.

The market had a very good start to the new year. However,
if things haven't changed much, the buyers will back away
until there is another decent pullback. The market may be
able to work its way higher, however at these levels the
better intraday setups are likely going to come on the short
side when new highs are sold into, then bought back after a
decent pullback.

We get Factory Orders and Pending Home Sales 30 minutes into
the day. If there is early strength on Tuesday, and the
upside fizzles and reverses from around the 1130 level on
the ES, it should offer a good shorting opportunity. If
there is a decent pullback, and the 1124.00-1123.25 area is
held or reversed, then a bounce back could be underway. If
that area is not held, then it appears that the 1120.50-
1119.50 area will be a pivotal area. That area should hold
if the first week of the year is going to be strong.

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

1129.75-1130.50
1135.75-1136.50
1141-1143


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

1127.50-1126.75
1124.00-1123.25
1120.50-1119.50
1115.00-1114.50
1110.25-1109.75


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

1888.50-1889.25
1894.00-1894.50


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

1883.50-1883.00
1880.00-1878.50
1875.00-1874.00
1868.50-1867.75
1860.00-1858.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10554-10558
10611-10616


March 2010 Dow futures support
symbols: emini = ymh0

10517-10512
10504-10501
10440-10435
10388-10384
10360-10357

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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)

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