HOW OUR DAY WENT:
The market gapped down on Tuesday, and the
ES fell to 1132.50 and and reversed. That was 2 ticks over
the 1132.00-1131.25 support which set up a scalp on the long
side. The move reached the updated resistance at 1137.75 to
the tick, filling the gap and then was rejected 2 more times.
We expected bounces to fail, and that action set up a great
short with a tight stop. The move was good for 10 points on
the ES as it fell to 1127.75 just after 1pm. The bounce was
reversed just under 1132.50-1133.00 updated resistance then
dropped 3.75 points to 1128.50 in the last 20 minutes.
CLICK HERE for FREE Trading Articles and Videos!
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)
Showing posts with label day trading for dummys. Show all posts
Showing posts with label day trading for dummys. Show all posts
Tuesday, January 12, 2010
TradeStalker's RBI Update 01/11/10
.................................................
TradeStalker's
R.B.I. Trader's Update
1 / 11 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 1/11/2010
The gap up open on the ES reversed from the 1146.50-1148.00
resistance zone on Monday, and the first pullback reversed
after falling to 1139.25. A bounce to 1142.50 failed, and
from there the ES sold off to a low at the 1137.75-1137.25
support zone. The market turned back up, and able to hold
over the 1139.75 level, the ES rallied to 1144.25 before the
close.
The market closed at new highs for the move again on Monday,
the 6th up day in a row. The ES rejected the 1146.50-1148.00
area, however once again the market got footing at a support
area and rallied back. The Vix gave 4 sell signals on
Monday, and at the least the volatility should pick up.
Right now it looks like the market is vulnerable, especially
with the crowd so bullish.
On Tuesday the market should have trouble holding on to any
gains it might make. Look for early weakness to set up a
quick trade on the long side. Just do not fall in love with
the long side, as that 1146.50-1148.00 area should be a
short term high and a deeper pullback than we have been
getting should occur soon.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1143.75-1144.25
1146.50-1148.00
1151.75-1152.25
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1140.00-1139.50
1137.75-1137.25
1135.50
1132.00-1131.25
1126.00-1125.00
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1886.00-1886.50
1900.50-1901.00
1905.75-1906.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1878.50-1877.75
1874.25-1873.25
1870.50
1867.50-1866.50
1858.50-1857.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10619-10623
10644-10648
10674-10678
March 2010 Dow futures support
symbols: emini = ymh0
10575-10572
10541-10537
10518
10501-10496
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
R.B.I. Trader's Update
1 / 11 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 1/11/2010
The gap up open on the ES reversed from the 1146.50-1148.00
resistance zone on Monday, and the first pullback reversed
after falling to 1139.25. A bounce to 1142.50 failed, and
from there the ES sold off to a low at the 1137.75-1137.25
support zone. The market turned back up, and able to hold
over the 1139.75 level, the ES rallied to 1144.25 before the
close.
The market closed at new highs for the move again on Monday,
the 6th up day in a row. The ES rejected the 1146.50-1148.00
area, however once again the market got footing at a support
area and rallied back. The Vix gave 4 sell signals on
Monday, and at the least the volatility should pick up.
Right now it looks like the market is vulnerable, especially
with the crowd so bullish.
On Tuesday the market should have trouble holding on to any
gains it might make. Look for early weakness to set up a
quick trade on the long side. Just do not fall in love with
the long side, as that 1146.50-1148.00 area should be a
short term high and a deeper pullback than we have been
getting should occur soon.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1143.75-1144.25
1146.50-1148.00
1151.75-1152.25
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1140.00-1139.50
1137.75-1137.25
1135.50
1132.00-1131.25
1126.00-1125.00
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1886.00-1886.50
1900.50-1901.00
1905.75-1906.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1878.50-1877.75
1874.25-1873.25
1870.50
1867.50-1866.50
1858.50-1857.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10619-10623
10644-10648
10674-10678
March 2010 Dow futures support
symbols: emini = ymh0
10575-10572
10541-10537
10518
10501-10496
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 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.
*************************************************
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.
*************************************************
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