TradeStalker's RBI Update 04/21/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 21 / 2010

(Published Since 1996)

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

Dateline: 6:59 pm eastern time, 4/21/2010

We came into the day looking to get short if we had early
strength, and especially if the 1207.50-1208.50 zone on the
ES and the 2037.75-2038.25 on the NQ were reached. The ES
bounced to 1207.50 and the NQ reached 2037.75 and with
direct hits on key resistance the market reversed 30 minutes
into trading. A bounce off of 1202.25 was feeble, and from
1206.00 they broke that 1202 key support and dropped to
1198.25 before noon. The ES bounced back to updated
resistance at 1204.50-1205.00, then dropped again. Bottom
wasn't found until 90 minutes left, but with stocks closing
on an upswing, the futures headed down again into the close.

The technicals continue to get worse, despite a higher close
by all the indexes but the SP500. Also, the price action is
not able to stick. The break of the 1202 level changed the
market's character to bearish on Wednesday. Also, the back
and forth action gave one Vix Sell signal on Wednesday.

The after the close earnings has the market trading lower as
this is typed. The market will be a short on bounces, even
though there should be some rally attempts. We'll see about
that intraday on Thursday. This appears to be the start of
something bigger, and if we don't see signs of capitulation
(like the last one day drop) then it could carry on for more
than just a day or so.

We get the PPI before the open on Thursday, and then
Existing Home Sales 30 minutes into the day. Lately all of
the sell-offs have been reversed, and probably will be again
on Thursday. If there is an early drop, a counter trend
bounce should occur as shorts take profits. Then, the first
decent bounce should set up a better odds shorting
opportunity. It will probably be better to wait for the
first bounce to fizzle out to get short, rather than get too
involved on the long side up here. If there is a bounce back
that stalls/ reverses from around the initial resistance
zones, then that should be sold if the downside is going to
stay intact.

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

1202.50-1203.00
1205.00
1207.50-1208.50


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

1195.00
1194.00-1193.50
1188.50-1188.00
1182.75-1182.00
1178.00-1177.50


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

2029.50-2030.00
2033.75
2037.75-2038.50


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

2019.25
2018.25-2017.50
2007.50-2007.00
1998.50-1997.75
1993.50-1992.50


June 2010 Dow futures resistance
symbols: emini = ymm0

11071-11074
11086
11097-11101


June 2010 Dow futures support
symbols: emini = ymm0

11017
11000-10996
10963-10959
10918-10914
10886-10882

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

Today's Trading Recap: 04/21/10

HOW OUR DAY WENT:

We came in to the day looking to get
short if we had early strength, and especially if the 1207.50-
1208.50 zone on ES and 2037.75-2038.25 on NQ were reached. The
ES bounced to 1207.50 and the NQ reached 2037.75 -- direct hits
on key resistance -- and the market reversed 30 minutes in to
trading. The intraday updates and instant messages gave more
guidance as we tackled a volatile day very well.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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)

TradeStalker's RBI Update 04/20/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 20 / 2010

(Published Since 1996)

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

Dateline: 6:25 pm eastern time, 4/20/2010

The gap up open was sold on Tuesday, then the first pullback
held just over the Monday high of 1196.50. After tagging
1197.00 3 times, the market turned back up about an hour
into the trading day. The rally stopped after a poke over
1204.50 resistance was rejected, but the 1202 level was
quickly reversed and a move up made a double top at
resistance. That gave a small pullback to 1202.00 support,
and the futures closed at their highs while stocks dropped
into the close.

There was a gap left on the daily chart at 1196.50 on
Tuesday. After the close, the futures are higher on Apple's
earnings and another gap up will occur if the market opens
higher on Wednesday. Odds of the gap filling on the daily
chart are very good on Wednesday, so if there is early
strength it should offer a nice shorting opportunity as soon
as the upside stalls out (especially if that's from the
1207.50-1208.50 area). That should happen within the first
40 minutes at the latest.

Then, as long as a pullback holds the 1202.00-1201.50 area,
the upside should remain intact. If shorting early strength
plays out, and a pullback turns up from near the 1202.00-
1201.50 area (or higher) around 90 minutes into the day,
then it could be a low and start a good rally. However, if
that 1202.00-1201.50 area is broken, then the market
character is changing and it should have a hard time
recovering so the bounces would turn into shorting
opportunities.


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

1207.50-1208.50 **key early
1210.50-1212.00
1217.50-1218.00

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

1202.00-1201.50 **must hold
1197.00-1196.50
1194.00-1193.50

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

2037.75-2038.25 **key early
2040.50-2041.50
2048.75-2049.50

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

2019.50-2018.75 **must hold
2008.00-2007.00
2000.25-1999.50

June 2010 Dow futures resistance
symbols: emini = ymm0

11090-11094 **key early
11128-11134
11162-11168

June 2010 Dow futures support
symbols: emini = ymm0

11058-11055 **must hold
11027-11023
11000-10996

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 04/19/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 19 / 2010

(Published Since 1996)

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


Dateline: 6:24 pm eastern time, 4/19/2010

A lower open was bought on Monday, and a bounce back to the
1193.00-1193.50 resistance zone on the ES and 2016.00-
2016.50 resistance zone on the NQ occurred. The move stalled
out, and when the 1189.50-1189.00 zone on the ES was broken
the downside gathered momentum as they fell to 1179.75 by
noon. A bounce to the updated resistance at 1185.00-1185.50
stalled, then a dip to 1181.00 was quickly reversed. With a
"rising W" pattern on the charts, the upside got in gear.
After breaking through the 1185.00-1185.50 zone, the ES
dipped to 1185.75 and then headed back up and rallied into
the close.

The panic selloff from Friday carried over on Monday, but
due to the technical condition noted last night, the market
was able to rally back starting in the afternoon and closed
the day at its highs. Once again, however, the market closed
higher while there was more declining stocks than advancing
stocks. That has been going on for some time, and is not
good for the intermediate term.

On Tuesday, look for early strength to set up a shorting
opportunity if the ES reverses from near the 1199.50-1200.50
zone in the first 30 minutes or so. If that plays out, then
beware that as long as a pullback holds above the 1190.50-
1190.00 area on the ES, the market will not be in trouble
yet and should be able to bounce back. It will take a break
back under that zone to turn the trends back down for now.
If it's tested and quickly reversed, then no damage is done.
If the 1190.25 level is not quickly reversed, then it could
result in another rush to get out.


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

1196.50
1199.50-1200.50 **key, good short
1203.50-1204.50
1209.75-1210.50

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

1190.50-1190.00
1188.00-1187.50
1185.00-1184.50
1181.00
1178.50-1177.50
1171.50-1171.00

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

2016.50
2021.50-2022.50 **key, good short
2028.25-2029.00
2037.00-2037.75

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

2004.75-2004.00
1996.50-1996.00
1992.75-1992.00
1986.25
1983.50-1982.50

June 2010 Dow futures resistance
symbols: emini = ymm0

11047
11058-11062 **key, good short
11097-11101
11132-11134

June 2010 Dow futures support
symbols: emini = ymm0

11017-11013
10998-10994
10974-10971
10943
10923-10919

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

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 04/18/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 18 / 2010

(Published Since 1996)

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


Dateline: 5:27 pm eastern time, 4/18/2010


We came in to Friday expecting a decent sized drop,
potentially to the 1192.50-1191.50 zone. The ES had a gap
down open, and that was bought and the ES bounced to 1206.00
and stalled/ reversed. That was at the updated resistance
and then the ES dropped to 1200.00 and bounced back. A
double top at 1206 resistance gave us the drop to the
1192.50-1191.50 zone before any kind of bounce occurred. We
stayed with the short side, and the ES dropped to 1184.50
before reversing with a bit of gusto. After getting to
1193.50, the ES pulled back and then reversed from just
under the 1188.50 support, but made a double top at 1193.50
before the close.

The volatility surely picked up on Friday. The breakdown
appears to be the start of something more on the downside.
The only fly in the ointment is that, just 1 day off of a
new high for the year, there were signs of panic selling
that normally shows up near lows. The Vix closed up 15% on
Friday, after having been about 23% higher intraday. Also,
the closing Trin was at 3.15.

This should set up some two-sided action on Monday. The
intraday chart pattern looks vulnerable, and the daily and
weekly charts don't look good either. If the market can
bounce back a bit and test the highs, then a lot of bearish
divergences will be even more pronounced than they were
coming in to Friday. At this juncture, the odds of that
happening do not look good.

On Monday we get the Leading Indicators at 10am. If the
market pops up and tests the initial resistance (or pokes
over and reverses) it should set up a good shorting
opportunity for a drop of about 10 ES points off of whatever
the early high is. On the down side, the initial support
looks like it must hold or the Friday lows will be tested/
broken before an attempt to turn back up.


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

1193.00-1193.50
1199.50-1200.50
1199.50-1200.50
1209.75-1210.50

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

1188.50-1188.00
1182.75-1182.00
1178.00-1177.50
1171.50-1171.00

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

2016.00-2016.50
2024.50-2025.50
2032.25-2033.00
2037.00-2037.75

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

2007.50-2007.00
1998.50-1997.75
1993.50-1992.50

June 2010 Dow futures resistance
symbols: emini = ymm0

11004-11008
11048-11052
11097-11101
11132-11134

June 2010 Dow futures support
symbols: emini = ymm0

10963-10959
10918-10914
10886-10882

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

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 04/14/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 14 / 2010

(Published Since 1996)

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


Dateline: 6:54 pm eastern time, 4/14/2010

The ES gapped up on the open on Wednesday, and then after 20
minutes of trading the reversal occurred. It lead to a 4.50
point drop to 1196.00, and the 1195.50-1196.25 initial
resistance zone then turned into support as the ES turned
back up. That was the start of a grind higher and the ES
made it to the top side of the 1202.50-1204.00 zone before
pulling back. The The 1201.50-1200.50 area was good support
and it held on the drop, then the market rallied again to
close at new highs for the year.

The market has closed up 8 out of the last 9 days and just
keeps pushing higher. At this juncture, there looks like
about 1-2% of upside potential but much more on the
downside. The upside has been relentless, and the sentiment
is way too bullish at this point. The next decent sized move
should come on the downside, but if it's just another day or
two of selloff and the ES doesn't break the 1192.50-1191.50
zone, then no damage done and the rally could have another
leg up. However, if this move reverses from under 1208 and
breaks that 1192.50-1191.50 zone, then things will be
changing.

On Thursday, if the market opens slightly higher and
reverses from around the 1207.50-1208.50 zone on the ES,
then a decent drop should occur. If that plays out, but the
pullback holds near the 1203.50 level and turns back up,
then the rally continues. If that support is not held then
the test of the 1200.50-1199.50 zone would need to be
quickly reversed, otherwise the downside could gather steam.
The market should not get that far if it remains in good
shape. If the downside does happen to gather momentum, then
beware that the 1192.50-1191.50 zone should be rock solid
support and should be bought if tested and held.


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

1207.50-1208.50
1210.50
1212.00-1212.50

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

1203.50
1200.50-1199.50
1096.00-1195.50
1192.50-1191.50

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

2026.75-2028.00
2031.50
2036.50-2037.50

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

2020.25
2016.00-2015.00
2010.00-2009.25
2001.00-1999.50

June 2010 Dow futures resistance
symbols: emini = ymm0

11072-11078
11098
11122-11125

June 2010 Dow futures support
symbols: emini = ymm0

11048
11012-11009
10982-10978
10955-10951

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

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 04/12/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 12 / 2010

(Published Since 1996)

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


Dateline: 6:12 pm eastern time, 4/12/2010


On Monday morning we had a perfect set-up per the Sunday
night update. As stated:

"...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."

The ES popped up to 1194.75 in the first 20 minutes,
stalled, then dropped 4 points to 1190.75. Per usual of
late, buyers stepped in and the market bounced, but it had
no gusto and shorts offered the better opportunity late day.
The ES dropped to 1191.00 and bounced feebly back to 1193.50
after stocks closed while the NQ was sold into the close.

On Sunday night the ES shot up to the 1198.50 resistance,
and then dropped until just before stocks opened on Monday.
The market wasn't as lively during regular trading hours as
the ES had just a 5 point range on Monday. The Vix made a
gap down on Monday, and if it goes back over 16 some sell
signals will be given.

On Tuesday, as long as the 1191 level on the ES holds, the
market will avoid trouble. Just don't expect much on the
upside. If the 1198.50-1199.50 area on the ES is tested,
beware of a good sized reversal.


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

1195.00-1195.50
1198.50-1199.50
1202.00-1204.00

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

1191.50-1191.00
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

1997.25-1998.00
2001.50-2002.50
2007.50-2008.50

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

1990.50-1989.50
1986.50-1985.75
1982.00-1981.25 **key
1977.75-1977.00 **S.T.Major

June 2010 Dow futures resistance
symbols: emini = ymm0

10972-10976
11001-11006
11041-11045

June 2010 Dow futures support
symbols: emini = ymm0

10941-10938
10922-10917
10896-10892 **key
10881-10879 **S.T.Major

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 04/07/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 7 / 2010

(Published Since 1996)

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

Dateline: 6:46 pm eastern time, 4/7/2010

After a lower open, the ES bounced to Tuesday's late low and
then turned back down. A drop down from 1185.00 to 1178.75
followed, and then a decent bounce started. The ES rallied
to the 1186.00-1186.50 initial resistance zone before
reversing. I suggested buying some puts via instant message
(they were cheap!) with the ES around 1185 and that is
working well so far. The break of the 1181.50 level
triggered more selling as the ES dropped steadily to a
1973.25 level, just under the 1174.75-1174.00 support. Short
covering and buyers stepping in caused a reversal in the
last hour, but the market closed just under good resistance
areas.

The internal gauges are still slightly overbought, but the
pullback on Wednesday erased that for the most part. Bigger
picture, the market looks like it topped for awhile. The
only way it gets out of trouble short term is by getting
over the 1186.00-1186.50 area and not quickly reversing. If
that occurs, which is a long-shot, then will have one more
push higher towards the 1220-1225 area before a nose dive
lower.

On Wednesday look for early strength to set up a good
shorting opportunity, especially if the initial resistance
zones are reached and reversed. If that plays out, then a
drop to test the Tuesday lows will need to be defended by
the bulls. If that 1173.25-1172.50 area on the ES is not
held, then it could be on the way towards the 1165.25-
1164.25 area. If the initial resistance is not cleared and
then there is a drop to that 1165.25-1164.25 area, then a 6-
7 point bounce from the low is likely before a bounce
fizzles and reverses.

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

1180.50-1181.50 **pivotal
1084.50-1085.00
1186.25
1188.00-1189.00


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

1173.25-1172.50
1168.75-1168.25
1165.25-1164.25 **major
1161.25-1160.50


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

1976.50-1977.50 **pivotal
1981.25-1982.00
1984.50
1986.50-1987.50


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

1964.25-1963.75
1956.25-1955.25
1952.50-1952.25 **major
1942.00-1940.75


June 2010 Dow futures resistance
symbols: emini = ymm0

10860-10864 **pivotal
10893-10896
10910
10928-10932


June 2010 Dow futures support
symbols: emini = ymm0

10791-10787
10753-10749
10730-10727 **major
10694-10690


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

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

Today's Trading Recap: 04/07/10

HOW OUR DAY WENT:

Odds were in favor of a decent pullback
on Wednesday. There was volatile two-sided action until the
ES reached the 1186.00-1186.50 initial support. I sent an
instant message telling members to buy some puts when the
ES was around 1185... the ES dropped 13 points to 1173.25
and members were given guidance all the way down. The down
trend reversed with an hour left in trading setting up yet
another good early trade in the morning.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 04/05/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 5 / 2010

(Published Since 1996)

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

Dateline: 6:20 pm eastern time, 4/5/2010

The gap up open was sold on Monday and the ES dropped 4
points from 1178.50 to 1174.50 (right at the 1174.75-1174.00
support zone) and turned right back up. That lead to a good
rally, as the ES made a new high for the year at 1183.75
about 90 minutes into the trading day. That turned into the
top of a narrow 2.75 point range between that 1183.75 high
on top and 1181.00 on the bottom as the market traded
sideways after the first 90 minutes of trading.

On Tuesday we get the Fed Minutes from the March 16th
meeting at 2pm. The last 2 up days had very strong breadth
but the advance came on light volume. If the market puts
together one more decent day on the upside, then the odds of
a reversal will be pretty high. In fact, the way the move
stalled out after 90 minutes of rally on Monday could set up
for an early shake-out on Tuesday. For now however, as long
as the initial support areas are held, the trends are up and
the market should stay in decent shape a bit longer.

So, on Tuesday look for early strength to set up a trade on
the short side. If there is a pop up open and the ES
reverses from the 1184.50-1186.00 zone in the first 40
minutes of trading, then a decent pullback should occur. If
that plays out, but the initial support is held on a
pullback (on the ES and NQ, along with 10950 on the Dow
cash), then the upside could get going once again and the
market should at least try to test the early highs. If the
market traces out this pattern and a bounce stalls/ reverses
from a test of the early highs, then that could be the
reversal that starts a decent sized drop. If the market
pulls back, but then can push through to take out early
highs on Tuesday without rejecting them, then one more day
of decent upside action is likely before the market stops to
digests the recent gains at best.

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 04/04/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 4 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 4/4/2010

The market volatility was very good last week. On Thursday
the ES gapped up 8 points and kept going for 30 minutes
before pulling back to the 1172 support area. A bounce
failed just under the updated 1175 resistance and then a
sharp drop took the ES from 1174.75 to 1166.25 by 2:40 pm.
That's often a reversal time and they ran back up in front
of the Friday Employment number. The market had a positive
reaction to that data, with the ES running up to a new high
for the year at 1178.75 and finished Friday on an up note.

The seasonal upside bias has one more day before that prop
is erased from the market. If the Friday strength holds,
then we could have a gap up open on Monday. This could turn
out to be a "head fake" before the market heads lower. The
early strength should be sold as soon as the upside stalls/
reverses. If that comes from a rejection of the 1180 area on
the ES, then a decent sized drop could occur. A pullback
would need to stay over the 1170.50-1170.00 zone on the ES,
and the worst, to keep from rolling over.

So, look for early strength to set up a shorting opportunity
early on Monday, and if the market obliges and pulls back to
the 1170.50-1170.00 area on the ES, that should be reversed
and the market should bounce back. If they drop that far and
are not reversed, then the trends will roll over.

NOTE: Due to a dental appointment in the morning, the first
intraday update will be sent around noon.

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

1178.75-1179.00
1181.50-1182.50
1184.50-1186.00


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

1174.75-1174.00
1170.50-1170.00
1167.00-1166.50
1163.00-1161.50 **major


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

1962.00-1963.00
1967.00-1967.75
1976.50-1977.25


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

1957.50-1956.75
1952.50-1951.50
1947.00-1946.50
1940.75-1939.50 **major


June 2010 Dow futures resistance
symbols: emini = ymm0

10899-10902
10922-10925
10961-10964


June 2010 Dow futures support
symbols: emini = ymm0

10871-10868
10845-10841
10808-10803
10775-10771 **major


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

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 03/30/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 30 / 2010

(Published Since 1996)

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

Dateline: 6:36 pm eastern time, 3/30/2010

It looked like the market could make a run up to test the
recent highs early on Tuesday, and the averages all rallied
to within a few points of those highs in the first half
hour. Then the move stalled, reversed, and sold off 9.50
points on the ES and 19.75 points on the NQ. The 1164.25 low
was just over the 1163.75-1163.00 **key support and kept the
market from falling apart. The market managed to work its
way back towards the highs, then pulled back into the close.

The market is still spinning its wheels up at these levels,
but the ES so far has refused to stay over the 1170 level
for very long. At this juncture, with the upside looking
like it is very limited, the focus will be on selling the
bounces that are showing rejection, like the 1171.00 level
late on Tuesday. Then, if the market obliges and pulls back,
take partial profits and trail a stop on the rest as the
market can come under pressure at any time now. If the
market shows signs of turning back up from near the 10880
area on the Dow cash, then no harm is done. However, if that
level on the Dow and the 1166 area on the ES is tested/
broken and not quickly reversed, then it's more than a
pullback and the downside could finally begin to unwind.


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

1171.00-1171.50
1173.25-1173.75
1176.50-1177.00
1181.50-1182.50

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

1168.50
1166.00
1163.75-1163.00
1159.50-1157.75
1156.50-1155.75
1148.50-1147.75


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

1967.50-1968.00
1971.50-1972.50
1976.75-1977.25

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

1963.75
1958.00
1952.25-1950.75
1944.25-1942.50
1939.25-1938.50

June 2010 Dow futures resistance
symbols: emini = ymm0

10862-10865
10875-10879
10889-10894

June 2010 Dow futures support
symbols: emini = ymm0

10846
10819
10801-10798
10771-10766
10753-10747

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 03/25/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 25 / 2010

(Published Since 1996)

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


Dateline: 6:20 pm eastern time, 3/25/2010

We were shorting early strength, and then reversing and
getting long when the first pullback reversed. The gap up
open was sold as the ES dropped 5 points to 1167.50 before
turning up. That old resistance turned into support, and set
up a trend-up move to 1176.50 by early afternoon. The alert
to short under 1176 or a break of 1173 worked nicely. A 1-2-
3 top was made off of 1176.00 and then the market broke
lower. A bounce reversed at 171, just under new resistance,
and then went into a trend-down move of 16.25 points as the
1162-1161 area was broken just before stocks closed.

Thursday started with a gap up open, and then after the
contra open move down was over, the move up was feeding upon
itself in a melt-up type move. The failure at the 1176.50
new high on the ES and subsequent 16.25 point plunge into
the close puts the market in a position to make a bigger
break if the right pattern plays out.

As stated earlier in the week, the intermediate term
internal gauges are rolling over. The Wednesday and Thursday
pullbacks had something that was lacking on the upside - an
increase in volume. Should the market turn up from the
initial support areas early on Friday and struggle back
towards the 1171.00-1171.50 area on the ES and/or the
1963.50-1964.00 area on the NQ, and the move
stalls/reverses, then another drop similar to or bigger than
the Thursday drop could be underway.

On Friday look for early weakness that can reverse from the
1159.25-1158.50 area to give a bounce, but that first decent
bounce should set up a better shorting opportunity. Unless
the 1171.00-1171.50 area on the ES is exceeded, and not
quickly reversed, the market is vulnerable. If the market
gets hit hard and the selloff goes as far as the 1148.50-
1147.75 zone on the ES and not bounce strongly, then we have
more trouble ahead.


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

1165.00-1165.75
1171.00-1171.50 **key
1176.00-1176.50

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

1159.25-1158.50
1155.75-1155.00
1152.00-1151.50
1148.50-1147.75 **major

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

1952.50-1953.00
1963.50-1964.00 **key
1972.75-1974.25

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

1945.25-1144.50
1941.00-1940.50
1934.25-1933.50
1924.25-1922.25 **major

June 2010 Dow futures resistance
symbols: emini = ymm0

10831-10834
10858-10862
10889-10894

June 2010 Dow futures support
symbols: emini = ymm0

10772-10767
10728-10723
10697-10694
10638-10633

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

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 03/24/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 24 / 2010

(Published Since 1996)

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


Dateline: 6:36 pm eastern time, 3/24/2010


A lower open on Wednesday held and turned up from the
1164.00 support level on the ES, and then bounced back to
1168.75 before fizzling out. That was initial trend support
and it turned into resistance as the ES dropped to 1161.25
pretty fast. The market then moved higher, forming a rising
wedge on the way to 1167.50. That was broken and caused a
drop back to test the lows. The ES turned up from a 1161.00
low and then the market turned very choppy but ended the day
in down-trends for a change.

The market spent the day spinning its wheels after tagging
the 1170 level on the ES on Tuesday. The bounces were unable
to stick, but still the market refused to cave in and the ES
even stayed over the Tuesday low.

It appears that more than just a little pullback could be
underway for another day or so. The ES had an "inside day"
on Wednesday and that *should* be resolved by some more
downside action, and then we'll see if the market has enough
gas in the tank for yet another run-up. For now it looks
like the market is vulnerable unless the 1166.50-1167.25
zone on the ES is exceeded, and not quickly reversed. The
market won't get back up there if it is weak.

On Thursday we get Initial Claims before the open. If there
is early strength, look for a reversal from initial
resistance to be sold. If that sets up, and the ES drops
through the initial support to the 1159.00-1158.50 area,
that needs to be quickly reversed. If it is, beware that a
bounce back towards the 1166.25-1167.25 zone will likely be
sold.

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

1166.50-1167.25
1170.50-1171.00
1173.75-1174.25
1177.75-1178.50


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

1162.00-1161.00
1159.00-1158.50
1155.75-1155.00
1148.50-1147.75


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

1952.75-1954.00
1956.00-1957.00
1962.00-1963.00
1969.00-1970.00


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

1947.00-1946.00
1941.00-1940.50
1936.00-1934.50
1920.00-1919.00


June 2010 Dow futures resistance
symbols: emini = ymm0

10799-10802
10826-10830
10848-10852
10887-10891


June 2010 Dow futures support
symbols: emini = ymm0

10762-10757
10728-10725
10682-10675
10634-10631


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

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 03/23/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 23 / 2010

(Published Since 1996)

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


Dateline: 7:36 pm eastern time, 3/23/2010


The market opened higher on Tuesday and the ES reversed
lower from 1164.00 and dropped to 1159.50 in the first 30
minutes. A quick reversal gave a bounce back to the 1165.00
resistance, and it was rejected. The ES dropped 6 points to
1159.00, right at the 1159.25-1158.50 support, and quickly
reversed again. A narrow range was broken on the upside in
the last hour and the market raced to make new highs across
the board by the close.

The market has good momentum and this move could last a bit
longer. If that occurs with advances minus declining issues
on the NYSE not stronger than 2:1 positive, the upside will
be suspect. With the market at these levels, the next decent
trade should come on the short side if there is early
strength that reverses in the first 20-40 minutes on
Wednesday. However, as long as the ES holds at the 1165.25-
1164.00 zone no damage is done.

So look for a shorting opportunity if there is early
strength that reverses on Wednesday. Then, if the first
decent pullback can hold the 1168.50-1168.00 zone on the ES,
a good uptrend will remain intact. If that area is broken,
then the 1165.25-1164.00 area is as far as a pullback should
go. If that area breaks, then things will be changing short
term. On the upside, if the melt-up continues towards the
1177.75-1178.50 and stalls out/ reverses, then that could
set up a decent pullback to trade.


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

1170.50-1171.00
1173.75-1174.25
1177.75-1178.50

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

1168.50-1168.00
1165.25-1164.00
1164.00
1162.50-1161.75

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

1962.00-1963.00
1969.00-1970.00
1974.75-1976.00

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

1956.50-1956.00
1953.25-1952.50
1951.50
1948.00-1947.50

June 2010 Dow futures resistance
symbols: emini = ymm0

10830-10835
10848-10852
10887-10891

June 2010 Dow futures support
symbols: emini = ymm0

10818-10815
10786-10783
10758
10728-10725

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

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 03/22/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 22 / 2010

(Published Since 1996)

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


Dateline: 6:36 pm eastern time, 3/22/2010


The ES opened down 8.00 points on Monday and then instantly
reversed and held over the 1149.00-1148.50 key area. That
triggered more buying and the ES rallied 12.50 points to
1160.25. Updated support at 1158.00-1157.50 held on a dip
and then the ES basically went trend up to 1162.50 - the
middle of the 1162.00-1163.00 resistance zone. New support
was given at 1160.00-1159.25, and that 1159.25 level was
touched and then we got another push up to 1163.25 before
the market backed off a bit. The dip held at 1161.00 and a
test of the 1163.25 high followed. That was just 1 tick over
resistance, and a with a double top there with 30 minutes
left in stock trading, it started a drop to 1160.50 at the
4pm close for stocks.

Monday's action was bullish, showing that the market should
still be able to hang in there on the pullbacks for awhile
longer. If this is going into a trading range, or breaking
out of a small one, then the Monday lows will need to hold,
and should hold, or else the market is in for a bigger
pullback.

The market is at a decision point it appears. The short term
internal gauges are still in neutral territory, but the
intermediate term breadth and volume oscillators are close
to turning down for the first time in months. The sentiment
is overly bullish and at spots where other tops have
occurred.

On Tuesday the initial support will need to hold to keep the
upside intact. If the 1161.00-1160.25 area is held, then the
ES will need to break out over the 1162.50-1163.25 zone and
not quickly reversed to avoid potential trouble on Tuesday.
If there is a pop up open over that area, and it then holds
over 1161.00-1160.25 on a pullback, a decent move higher
could occur. If the 1165 area is not rejected again, then we
could run up to the 1168.00-1168.50 zone. It is still
doubtful that a move into new high territory will stick for
very long, however.

On the other side of the coin, if the market can not follow
through on the Monday rally, and the 1161.00-1160.25 area is
broken and not quickly reversed, then pressure will be on
the market and a drop to the 1155.75-1155.00 area would be
likely. A bounce from that area would keep the market from a
decent sized drop. A test of that area that is not quickly
reversed means the market is in for more downside, with the
1148.50-1147.75 key area possibly getting tested again.


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

1162.50-1163.25
1165.25-1165.50
1168.00-1168.50

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

1161.00-1160.25
1159.25-1158.50
1155.75-1155.00
1148.50-1147.75

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

1953.50-1954.25
1957.50-1958.00
1962.50-1963.50

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

1946.00-1945.25
1942.50-1942.00
1936.00-1934.50
1920.00-1919.00

June 2010 Dow futures resistance
symbols: emini = ymm0

10746-10750
10770-10774
10799-10804

June 2010 Dow futures support
symbols: emini = ymm0

10719-10716
10704-10701
10682-10675
10634-10631


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

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 03/15/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 15 / 2010

(Published Since 1996)

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

Dateline: 6:58 pm eastern time, 3/15/2010

The early action was almost according to script from last
night's update. The key 1142 level on the ES was barely
broken (by 1 tick) shortly after stocks opened, then it
popped up to 1145.50 before a sharp reversal. That was just
over the 1145 area, and I felt the move would reverse from
under 1145, so that was an official miss by half of a point.
In any case, after a drop to 1136.50, the market got footing
and 1139 turned pivotal. The break/ hold was over that level
was bullish but the bounce failed at 1140.75. The pullback
off of that level reversed back up from 1138.25 with 90
minutes left, and by breaking and then holding at 1143.50
level, it gave us that "long shot" run-up to 1146.50-1147.00
resistance by the close.

This market is amazingly resilient. Again, with the market
on verge of a break-down, strong buying / short covering
came in late Monday and lifted the SP500 and Dow cash
indexes back into the plus column. For the most part, the
short term internal gauges are now in neutral territory, but
not confirming the new cycle high close on Monday.

On Tuesday we get the Fed decision on interest rate policy
at 2:15pm eastern time. If the market opens higher, it
should set up a good shorting opportunity for a pullback
towards the initial support areas. Those area should be held
if the trends are going to point higher. If those are not
held, then a drop to the 1138.50-1138.00 area on the ES
would be a key support area, and would need to be quickly
turned back up to avoid trouble.

On the other side of the coin, if the market opens lower on
Tuesday, that move would need to be reversed in the first 30
minutes or so if the market is going to avoid trouble. If
that occurs and the ES can get over the initial resistance
areas on the rebound, then a test of the 1149.75-1150.50
area could be in the cards. If there is another reversal
back down from that area, it could be the start of a sizable
correction.

Finally, if there is a trend-up or trend-down move into
around 2pm on Fed day, then expect that move to be reversed.
In addition, whether we get that pre-release action or not,
after the release there usually is a down-up-down (or vise
versa) move that occurs in the first 20 minutes or so after
the release. After that is over, then the market should find
a direction and go with that into the last 15 minutes or so.

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

1146.50-1147.00
1149.75-1150.50
1154.25-1154.75

1158.50-1159.00

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

1143.25-1143.00
1141.00-1140.50
1138.50-1138.00
1136.50
1134.50-1134.00

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

1918.50-1919.50
1923.50-1924.25
1927.50-1928.25
1934.75-1935.25

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

1915.00-1914.25
1909.75-1908.50
1904.75-1903.75
1900.50
1898.00-1897.00

June 2010 Dow futures resistance
symbols: emini = ymm0

10583-10588
10607-10612
10643-10647
10680-10685

June 2010 Dow futures support
symbols: emini = ymm0

10563-10560
10545-10542
10524-10519
10508
10492-10488

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

Today's Trading Recap: 03/11/10

HOW OUR DAY WENT:

The market opened lower and then after
the June ES reached 1134.00 (we had support at the 1134.50-
1134.00 zone) it turned back up and rallied to 1141.50. That
was rejected, and a drop to 1136.75 followed. Another bounce
to 1141.00 was reversed and the ES dropped to the 1138.00
updated support. More buying came in and the ES rallied to
the 1146.00-1146.50 zone to close strong.

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 ($ES_F). 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 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.
*************************************************

Today's Trading Recap: 03/05/10

HOW OUR DAY WENT:

The ES gapped up 7 points and after a
quick pullback to 1126 reversed, the breakout of the 3
day range held and that brought in more buying and it ran
up to 1134.75. We found support at 1132.50 and that held
all afternoon. Just after 2:40pm the ES broke 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. The break-out
was a surprise, but we adapted intraday. Now, will this
continue or not? Join now and be ready to go get em
on Monday.

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 ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)