Showing posts with label day trading game plan. Show all posts
Showing posts with label day trading game plan. Show all posts

Wednesday, April 21, 2010

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

Wednesday, March 31, 2010

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

Wednesday, March 03, 2010

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 02/24/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 24 / 2010

(Published Since 1996)

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


Dateline: 6:46 pm eastern time, 2/24/2010

We were looking for early strength to be sold and then the
first decent pullback to set up a buying opportunity on
Wednesday. The ES popped up to 1102.00 in the first 15
minutes of trading, then reversed and dropped 8.25 points to
1093.75 just before 10:30am. The move reversed from there
and shot almost straight up 11+ points to 1105.00 before a
pullback. A pop up to 1105.50 was reversed, leaving a
potential double top, and just after 2pm while the ES was at
1104 an instant message was sent stating:

(Feb 24-14:02) mike: i'[m] getting small short up here.
(Feb 24-14:03) mike: nq has a wedge type pattern (Feb
24-14:05) mike: if 1101 breaks, a push to 97.50-96.50
would be possible

After that the updated support at 1098.50 held and the
updated resistance at 1102.00-1102.50 was sold, but then the
ES broke and held 1102 on the way to 1104.25 by the close.

On Thursday we have Initial Claims before the open. The ES
had an inside day, as the market made good swings in both
directions. The end of day move up made another wedge type
of pattern, so a break of the initial support areas would
need to be quickly reversed to avoid another test of the
1099.00-1098.50 zone on the ES. If the market slips under
that area on Thursday, and does not quickly find buyers to
reverse that downtrend, then we could see the move pick up
some steam. If the ES drops back towards the Wednesday low
area at 1094.50-1093.75 it would need to reverse right away,
otherwise there is something not right and the market could
unwind towards the 1089.00-1088.50 area on the ES. IF the
market gets hit that hard, it must reverse from that zone,
otherwise the 1079.50 could be seen, which was the high for
the week ending 2/12 and low for the week ending 2/19.

Still, unless a break of the 1099.00-1098.50 area occurs,
the trends are up and the pullbacks should hold. A move back
towards the 1108.00-1108.50 area, and possibly a move
towards the 1110.50-1112.00 zone could be tested before a
selloff occurs. Both sides should be in play again on
Thursday, with the pops to new highs being sold when the
move stalls out, and also the pullbacks to be bought as long
as the 1099.00-1098.50 area on the ES and 1806.50-1805.75
area on the NQ are defended.


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

1105.00-1105.75
1108.00-1108.50
1111.00-1112.00 **strong
1114.50-1115.00
1117.50-1118.50

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

1102.00
1099.00-1098.50
1094.50-1093.75
1092.50
1089.00-1088.50


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

1818.00-1819.00
1822.25-1823.25
1828.50-1830.00 **strong
1833.25-1834.00
1837.75-1838.50

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

1810.00
1806.50-1805.75
1800.50-1799.50
1792.50
1786.00-1785.00

March 2010 Dow futures resistance
symbols: emini = ymh0

10376-10379
10390-10395
10402-10406 **strong
10435-10439
10462-10467

March 2010 Dow futures support
symbols: emini = ymh0

10343
10321-10317
10286-10281
10251
10238-10235


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

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 02/18/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 18 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 2/18/2010

The lower open on Thursday was reversed from 1 tick under
the 1096.50-1096.00 support zone on the ES and then it ran
up to 1102.00, just under the big 1102.50-1104.00 zone. A
drop of 5.75 points to 1096.25 followed, and then the market
turned back up and reached 1100.50. A pullback based out at
1098.00, and the breakout over 1100 was held and reversed on
a pullback, and the market took off to the upside. The ES
rallied to and through the 1102.50-1104.00 zone on the way
to a high at 1106.00. The 1104.00 area turned into new
support as the ES firmed into the close.

After the close the Fed raised the discount rate by a
quarter of a point and stocks are down pretty hard as this
is being written. In the last hour I sent an instant message
saying:

"(Feb 18-15:08) Mike: this is the start of a good
sized drop, swing trade for me on part"

If you are in that with me, take half off at the 1093.75-
1093.00 zone overnight or in the morning. Keep a stop at
break-even for the time being.

The market is still extremely overbought, and the upside is
looking like it's limited even if there is a reflex rally
off of a lower open on Friday. The 3 Day thrust reached +.78
at Thursday's close (one of the most overbought readings in
months) and the RBI oscillator is in sell territory. The Vix
reached 20.60 and should jump way up on the open, and it has
given a couple of sell signals.

On Friday look for a trade on the long side if the market
opens lower and then can reverse back up. If that plays out,
beware that the first bounce should set up a very good
shorting opportunity. If the ES cannot reverse from the
1093.75-1093.00 support zone, then a move down to the
1089.00-1088.50 zone must hold. If that area is broken the
market should see the downside, could gather momentum and
the week will end on a sour note.

NOTE- If the weakness holds overnight, the resistance areas
that are broken should turn into resistance on the way up.



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

1106.75
1107.50-1108.00
1110.50-1112.00

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

1104.00
1100.00-1099.50
1098.25-1097.75
1093.75-1093.00
1089.00-1088.50
1086.75-1086.25


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

1824.75
1826.50-1827.50
1832.00-1834.00

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

1821.50
1815.00-1814.25
1811.50-1811.00
1803.25-1802.25
1795.25-1794.50
1792.50-1791.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10385
10392-10397
10418-10424

March 2010 Dow futures support
symbols: emini = ymh0

10359
10325-10322
10299-10295
10257-10252
10204-10200
10182-10179


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

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

Thursday, February 04, 2010

TradeStalker's RBI Update 01/26/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 26 / 2010

(Published Since 1996)

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


Dateline: 6:01 pm eastern time, 1/26/2010

The ES opened at the 1087.00-1086.25 support and then
bounced to the 1091.75 closing range from Monday. A drop
back to 1086.50 was reversed, and with a double bottom in
place at support it set up a trade on the long side and the
ES rallied 9.50 points to the 1095.50 reversal area. Then
from 1096.00 the ES dropped 4.75 points to 1091.25 and
turned back up. The 1095.50 level was exceeded, then held at
that level on a dip, which set up a trade on the long side.
The upside got going and the ES reached 1100.00. After a
dip, the ES made a double top/ 123 top from 1100.00 and we
jumped on the short side. A 4+ point drop to 1094.75
followed. Updated resistance at 1096.75-1097.75 was tested,
and from 1097.50 the ES rolled over at 3pm and dropped 12
points to 1085.50 in the last 10 minutes of futures trading
as another rally failed on Tuesday.

On Wednesday we get the Fed policy decision for interest
rates at 2:15pm. The volatility has been fantastic, and that
should continue. The ES now has 3 bottoms at the 1086.50-
1085.50 area. Normally a 4th try will break through. If that
occurs, then we will have a good chance of reaching the
1082.00-1081.00 major support area, which was reached on
Tuesday before stocks opened. If the market gets down there,
and can turn back up and rally strongly then a low can be
put in place for a decent move back up. If that area is not
held, then the market could be in the midst of more than a
correction.

On Wednesday look for an early bounce if the initial support
is not broken, but the early strength should be sold and
especially if the 1096.75-1097.50 area on the ES is
rejected. If the ES drops to the 1082-1081 area and can
reverse and then get back over the 1086 level, then a short
term low could be in place. If the market sells off, and can
not get back over the 1086 area, then lower prices should be
in the cards.


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

1091.00-1091.75
1096.75-1097.50
1099.00-1100.00
1104.00-1104.50

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

1086.00-1085.50
1082.00-1081.00
1077.50-1076.50

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

1805.75-1806.50
1815.00-1816.00
1823.50-1824.00
1830.75-1831.75

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

1796.50-1796.00
1790.50-1789.50
1783.50-1782.50

March 2010 Dow futures resistance
symbols: emini = ymh0

10164-10168
10209-10214
10234-10236
10268-10273

March 2010 Dow futures support
symbols: emini = ymh0

10129-10126
10094-10069
10038-10032


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

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: 01/26/10

HOW OUR DAY WENT:

We had a double bottom at support set up
a trade on the long side, and the ES rallied 9.50 points to
the 1095.50 reversal area. Then from 1096.00 the ES dropped
4.75 points to 1091.25 and turned back up. The 1095.50 level
was exceeded, then held at that level on a dip, which set up
a trade on the long side. The upside got going and the ES
reached 1100.00. After a dip, the ES made a double top at
1100.00 and we jumped on the short side at 1099. A 4+ point
drop to 1094.75 followed. Updated resistance at 1096.75-
1097.75 was tested, and from 1097.50 the ES rolled over at
3pm and the ES dropped 12 points to 1085.50 as another rally
failed on Tuesday.

See the intraday updates and the how we traded the market
today. That is ALL on our Instant Messenger Log here:
http://www.tradestalker.com/log.htm

Good Trading,
Mike Reed
TradeStalker.com

Sunday, January 17, 2010

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

Sunday, January 10, 2010

TradeStalker's RBI Update 01/07/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 7 / 2010

(Published Since 1996)

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

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

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

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

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


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

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

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

1134.75-1134.25
1131.75-1131.25
1126.00-1125.00

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

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

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

1870.25-1869.50
1866.25-1865.75
1858.50-1857.50

March 2010 Dow futures resistance
symbols: emini = ymh0

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

March 2010 Dow futures support
symbols: emini = ymh0

10523-10520
10495-10491
10441-10438

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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


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

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

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

Tuesday, January 05, 2010

TradeStalker's RBI Update 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 12/28/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 28 / 2009

(Published Since 1996)

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

Dateline: 6:01 pm eastern time, 12/28/2009

We were expecting two-sided action on Monday and we got it.
We were shorting early strength that reversed, and about 10
minutes into the day that occurred when the ES turned down
from 1126.25 and broke 1124.00. The ES made its low at
1119.50, and per instant message we covered most of the
shorts at 1119.75. That was at the 1120.00-1119.50 initial
support zone, and able to hold that area and then lead
higher by the Dow for a change, the market rallied back with
the ES reaching the 1124.00 resistance before settling for
the day session. The Nasdaq ran into a wall of resistance at
the 1878.50 level and closed poorly.

Most, but not all, of the internal indicators backed out of
extreme overbought territory on Monday. We get the Consumer
Confidence number 30 minutes into the trading day on
Tuesday. The market is not staying in new high territory for
very long, so beware of failed rally attempt if a push into
new high ground stalls out. On the other side of the coin,
the pullbacks find buyers on every dip over the last 6 days.
When a pullback doesn't get reversed either in the first
hour of the day, or can not recover from losses late in the
day, then the mood will likely change.

Unless or until that occurs, look for a shorting opportunity
on a bounce to test the Monday highs, or if the market makes
token higher highs, and the move stalls out. Then, if the
market obliges and a drop to test of the Monday low is
reversed, that should set up a trade on the long side. If
the 1120.00-1119.50 area on the ES is not defended, then the
1117.75-1117.00 area would fill a gap. If the market gets
there, a reversal from near that zone would need to occur
quickly or else there could be bigger trouble in store for
the market going into year end.

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

1124.00
1125.75-1126.25
1128.50-1129.00
1132.00-1134.50
1154.00-1156.00 major


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1121.25
1120.00-1119.50
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50


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

1878.50
1881.00-1882.00
1885.50-1886.00
1892.50-1894.50

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

1874.25
1868.00-1767.25
1864.50-1862.75
1858.50-1857.75
1853.00-1851.75

March 2010 Dow futures resistance
symbols: emini = ymh0

10492
10511-10514
10530-10534
10550-10555

March 2010 Dow futures support
symbols: emini = ymh0

10465
10451-10448
10432-10428
10399-10395
10349-10344


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.

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

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)

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 12/21/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 21 / 2009

(Published Since 1996)

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


Dateline: 6:22 pm eastern time, 12/21/2009


The market gapped up on Monday and kept going until reaching
the 1111.50-1112.00 resistance zone on the ES. The 1112.00
level was rejected and the ES pulled back to 1109.00 updated
support before heading back up. The bounce failed at
1113.25, and after the break the 1111.25 level was new
resistance. A bounce from the 1109.00 support was reversed
at 1111.50 and it started a drop to 1107.50 and a poor
close.

We get GDP before the open on Tuesday, and the Existing Home
Sales 30 minutes into the trading day. The Vix dropped to
its second lowest intraday level in the past 17 months on
Monday. Part of that is due to expected quiet pre holiday
trading, however a reversal by the Vix would give a number
of short term sell signals. What that means is that if there
is another rally from up here, it must stick and not reverse
as it has been doing lately. If that should occur, then
maybe the market makes its breakout to the downside.

On Tuesday, in order to avoid more downside, the ES needs to
get over the initial resistance and hold. Aside from that, a
drop towards the 1103.50-1102.50 that reverses could set up
a buying opportunity. If the market sells off and cannot
hold that area, then the 1099.00-1098.25 area will need to
hold and bring in buying, otherwise the market could be in
for a bad day.



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

1109.50-1109.75
1112.50-1113.00
1115.00
1118.50-1119.00


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

1107.75-1107.25
1103.50-1102.50
1099.00-1098.25


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

1827.25-1828.00
1831.25-1832.50
1836.00
1838.50-1839.50


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

1824.50-1823.75
1818.75-1818.00
1814.00-1812.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10358-10361
10395-10398
10418
10430-10434


March 2010 Dow futures support
symbols: emini = ymh0

10336-10332
10312-10308
10269-10264

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)

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 12/17/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 17 / 2009

(Published Since 1996)

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


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


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

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

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



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

1096.00-1096.50
1098.50-1099.00
1102.50-1103.00


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

1091.25-1090.75
1088.00-1087.00
1081.50-1080.50


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

1787.00-1788.00
1792.00-1792.50
1796.75-1798.50


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

1775.50-1774.50
1770.25-1769.00
1762.50-1761.00


March 2010 Dow futures resistance
symbols: emini = ymh0

10292-10295
10309-10312
10361-10366


March 2010 Dow futures support
symbols: emini = ymh0

10249-10245
10211-10208
10152-10147


CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Wednesday, December 16, 2009

TradeStalker's RBI Update 12/16/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 16 / 2009

(Published Since 1996)

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

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

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

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

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

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

1107.25
1111.50-1112.00
1114.00-1115.00
1118.50-1119.00


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

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


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

1803.25
1807.75-1809.00
1812.50-1813.25
1818.00-1818.50


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

1796.50-1796.00
1790.50-1789.50
1784.25-1782.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10399
10448-10452
10469-10473
10522-10528


March 2010 Dow futures support
symbols: emini = ymh0

10367-10364
10354-10350
10329-10324

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


Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 12/13/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 13 / 2009

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 12/13/2009

The ES popped up to our 1102.50-1103.00 resistance zone on
the open on Friday, and then dropped 4+ points from 1102.75
to 1098.50 in front of the Michigan Sentiment release. Then
a rising wedge pattern formed, as the ES made a double top
at 1104.00. That set up a shorting opportunity, and the
breakdown (which was led by a very weak Nasdaq) took the
market to new lows for the day. The ES bottomed at 1096.25
while the NQ fell to 1782.50, and then the market moved
higher. The ES broke, and held, the 1100.00 support and
there was another push higher in the last hour. However the
ES reversed from 1093.50 while the NQ rejected the 1794
resistance, then a quick pullback occurred. The move was
reversed from 1 tick under 1100 and the futures rallied into
the close.

The market is still in a trading range, and it is 23 days
old at Friday's close. The Thursday range on the ES was just
6.75 points and Friday's range was just 7.75 points. In the
last 3 years, ranges that narrow are rare. There was a 6.75
point range on 9/09/09, but aside from that Thursday's range
was the narrowest range since a 7.00 point range on 5/30/08,
and a 7.00 point range on 10/08/07. Also, the Bollinger
bands on the daily chart are very tight. The bands are at
1091.28 on the bottom and 1112.50 on the top using the 20
day average close. That is extremely compressed, and a break
out of this range should have some follow through.

We have a Fed decision on interest rate policy on Wednesday
of this week. The market ended the day on Friday by staying
over the 1100 level on the ES, and as long as the initial
support is held the market will be in uptrends. Just beware
of yet another reversal possibility from either the 1103.50-
1104.00 area right from the get-go on Monday. Until this
range breaks, short near the top side and buy near the
bottom side. If that initial resistance is exceeded and not
quickly reversed, then the big resistance is up near the
1114.00-1115.00 area on the ES. If the market has a good day
on the upside, that should be hard to get through and hold
the first time. That is the top of the current range, and
near the 50% retracement on the SP500 cash at 1121. If the
1110 level breaks, and the Friday low isn't quickly
reversed, then we could see a bit of a snowball effect as
the market goes towards the bottom of this range.

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

1103.50-1104.00
1108.50-1109.00
1114.00-1115.00


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

1100.50-1099.75
1096.00-1094.75
1092.00-1091.25
1088.50-1087.50
1080.50-1079.50 - bottom of current range


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

1793.00-1794.00
1801.50-1802.25
1811.50-1813.75


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

1787.00-1786.00
1782.50-1782.00
1777.00-1776.50
1772.50-1771.00


March 2010 Dow futures resistance
symbols: emini = ymh0

10425-10429
10445-10449
10512-10518


March 2010 Dow futures support
symbols: emini = ymh0

10397-10394
10354-10350
10310-10306
10277-10273

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


Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Monday, December 07, 2009

TradeStalker's RBI Update 12/06/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 6 / 2009

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 12/6/2009

The ES opened up more than 15 points on the Employment data
on Friday and kept going for about 20 minutes and then the
move stalled out. After a pullback from the 1119.00 yearly
high, the ES had trouble getting going again and unable to
clear 1116 resistance, the ES turned back down and sold off
to take out the Thursday lows before noon. Off of a 1095.25
low, the ES bounced back to 1105.75 where there was new
resistance, and the market rolled over again. The market
dropped down to test the morning lows, and the test was
passed as the market turned right back up, making a double
bottom in the process. The first bounce off of the double
bottom reversed at the 1102.00 level, but then after a small
dip the market turned back up and rallied into the close.

The futures had back to back outside days, as the volatility
is certainly picking up lately. Nonetheless, the SP500 is
still stuck in a trading range between 1111 and 1091 on a
closing basis. The ES settled about 3 points above fair
value on Friday, so there is follow through buying factored
in to Monday's open. Most of the short term gauges are in
neutral condition, and until the market gets out of this
trading range and sticks, a run up to the 1119-1121 area
will be a shorting opportunity, and a drop that holds around
the 1095 area should set up a trade on the long side. That
double bottom on Friday now is a key support area for all
three of the averages, and must be defended to avoid a drop
back towards the high 1080's on the ES on this leg down.

On Monday look for early strength to be sold, and then the
first decent pullback should set up a buying opportunity if
the market can hold the Friday lows, or quickly reverse if
they are broken. It will be a red flag if the initial
support is broken early in the day, and unless the market
quickly turns up from there, then we will likely see
Friday's lows tested again. Lately the market has gotten
hit, but continues to get back up and rally again. If we get
another day where the market gets hit, and it doesn't come
rallying right back, then things will be changing bigger
picture.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1108.00-1108.50
1112.25-1113.00
1115.50-1115.75
1119.50-1121.00


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1102.50-1102.00
1098.75-1098.25
1095.50-1095.00
1088.25-1087.50


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1795.50-1796.50
1802.00-1803.50
1807.75-1808.50
1816.25-1818.00


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1789.75-1789.25
1783.50-1783.00
1774.00-1772.75
1765.00-1763.75


December 2009 Dow futures resistance
symbols: emini = ymz9

14000-10403
10452-10456
10490-10494
10511-10519


December 2009 Dow futures support
symbols: emini = ymz9

10362-10358
10337-10334
10302-10297
10234-10230

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Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Thursday, November 19, 2009

TradeStalker's RBI Update 11/16/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 16 / 2009

(Published Since 1996)

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


Dateline: 9:46 pm eastern time, 11/16/2009

The market gapped up on Monday, and like a week before, the
move continued to the upside in a trend up move. The
breakout of the trading range brought in buying as the ES
reached a new high for the year at 1111.00 by early
afternoon. That stalled out and a pullback stopped and
turned up from 1108.00 trend-up support, and the market
bounced back. We were on reversal alert from the 1112.50,
and the ES popped to 1112.25 and reversed at 2:48 pm. The
break of 1110.50 put the pressure on, and a steady drop to
1103.50 occurred before a bounce. That was a nice move even
if one waited for that break of 1110.50 for a trigger. After
stabilizing at 1103.50, the market bounced back into the
close.

The good news is that the market broke out of the trading
range that developed last week. The bad new is that the
market is still at a resistance zone, and the rally didn't
stick. The action felt toppy on Monday, with buyers backing
off until reaching the top of last week's range on the ES.
The fact that the market was able to hold at that area and
bounce is a plus. Now the initial support areas need to hold
to avoid a topping process.

We get the PPI and also the Industrial Production and
Capacity Utilization data before stocks open on Tuesday. If
there is early strength, it should set up a very good
shorting opportunity. If that plays out, the first decent
pullback needs to hold the 1103.50-1102.50 area on the ES,
otherwise it should go for the 1097.75-1096.75 area quickly
and then see if a reversal is in the cards. If there is a
good bounce instead early on Tuesday, then expect the move
to fail and set up a shorting opportunity, especially if the
Monday high areas are reached. If those highs are tested,
and the move loses steam or that area is rejected, it will
set up a good reward/risk opportunity on the short side.



December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1108.00-1108.50
1112.25-1112.75
1117.75-1118.50


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1103.50-1102.50
1097.75-1096.75
1092.75-1092.00
1086.75-1086.25
1083.00-1082.50


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1806.50-1807.25
1812.75-1813.75
1817.50-1818.50


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1800.75-1800.00
1792.50-1791.50
1786.50-1785.75
1779.00-1778.50
1773.00-1772.00


December 2009 Dow futures resistance
symbols: emini = ymz9

10380-10383
10402-10406
10454-10458


December 2009 Dow futures support
symbols: emini = ymz9

10336-10332
10283-10278
10235-10232
10197-10193
10161-10158


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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Monday, August 10, 2009

TradeStalker's RBI Update 07/29/09

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

TradeStalker's

R.B.I. Trader's Update

7 / 29 / 2009

(Published Since 1996)

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


Dateline: 6:25 pm eastern time, 7/29/2009


A lower open was reversed from just over the Tuesday low on
the ES on Wednesday, then bounced back. The ES rallied from
966.50 to 975.00, then the move was reversed. A choppy
downdraft lasted into the last hour. The ES tested the early
afternoon low at 965.25 and reversed around 3pm, and the
futures were able to rally back to make token higher highs
right before settlement.

The internal gauges have pretty much worn off the overbought
status over the past 2 days of back and forth action. In
fact, the Vix surprisingly gave 1 buy signal on Wednesday.
The pattern over the last several days has been early
weakness followed by late strength. It looks like we could
get the opposite of that on Wednesday, starting the day with
some early strength and then seeing if the move can stick.
At the moment, it looks like the market holds together
unless the double bottom from the 965.75-965.25 area on the
ES is not held.

On Thursday we get the Initial Claims data before the open.
If the market opens higher, the initial resistance area will
not be exceeded if the market is weak. If that resistance is
overcome, then the 979.50-980.25 should be key in the early
going. If there is another reversal from there, then the
market is still in a trading range and a pullback could be
fairly sharp. However, if the ES has no problem at the 980
area, then we should see the 984.00-984.50 area. If that
area is reversed and the ES sells off through 980 again, it
would need to quickly turn back up to avoid a drop back
towards the 975.00 level or lower.


September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

977.00
979.50-980.25
984.00-984.50
989.75-990.50

September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

971.00
965.75-965.25
963.00-962.50

September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1605.00
1608.00-1608.75
1611.75-1612.50
1618.75-1619.25

September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1595.25
1589.50-1588.75
1574.75-1573.75

September 2009 Dow futures resistance
symbols: emini = ymu9

9060
9080-9082
9102-9107
9157-9162

September 2009 Dow futures support
symbols: emini = ymu9

9016
8973-8969
8937-8933

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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Monday, April 13, 2009

TradeStalker's RBI Update 04/13/09

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

TradeStalker's

R.B.I. Trader's Update

4 / 13 / 2009

(Published Since 1996)

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


Dateline: 6:54 pm eastern time, 4/13/2009

The market opened weak on Monday, and the ES dropped to
841.50 in the first 25 minutes and reversed. The rally off
of that low fizzled and reversed from 850.75 on the ES, and
unable to hold 850, the ES pulled back to make a little
double bottom at the 843.50-843.25 zone before noon. Buyers
stepped to the plate and the ES rallied to the 854.00-855.00
resistance zone while the NQ made it back to the 1335-
1335.75 area where selling came back in. The ES fell back to
850.25 and bounced back, but the move was reversed from the
854.00 level and the market pulled back again. With an hour
left in stock trading, the ES broke the 850 level and
quickly reversed and it caused a run-up to 861.25 in almost
parabolic fashion. The move fizzled and the ES gave back
over 8 points going into the close.

On Tuesday we get the PPI and Retail Sales before the open,
and Business Inventories number 30 minutes into the day
might be a mover at this juncture. The internal gauges are
now getting overbought, and the Vix gave another sell signal
on Monday by reversing. The ES rejected the 860 level the
first time, and could be a top. If not, there shouldn't be
too much more upside. This leg up would be the same distance
as the rally from March to May of 2008 by reaching 869.62 on
the SP500 cash. That level shouldn't be exceeded if the
market is going to get hit with a selloff soon. The upside
appears limited however and that late reversal on Monday
could be the start of a decent shakeout. The Monday high
was 865.31, pretty close when looking at a larger timeframe.

On Tuesday, look for any over-reaction either up or down to
be reversed in the first 20-30 minutes of trading. Shorting
a higher open would be a good odds trade with the market
this extended. After the early going, it looks like the
850.25-849.50 zone on the ES could be pivotal. Pullbacks
that hold that area should be bought, but if that area
breaks, then the downside should be the path of least
resistance short term.


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

860.75-861.25
863.50-864.25
869.62 on SP500 Cash key - symmetry
875-877 {SP500 Cash} is **major**


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

850.25-849.50
843.00-842.75
839.00
832.00-831.50

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

1343.00-1343.50
1346.50-1347.50
1352.50-1354.00

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

1329.00-1328.50
1322.75-1322.25
1318.00
1313.25-1312.50
1306.75-1305.75 **major Monday**


June 2009 Dow futures resistance
symbols: emini = ymm9

8059-8063
8083-8088
8142

June 2009 Dow futures support
symbols: emini = ymm9

7961-7958
7914-7911
7874
7811-7808

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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Monday, April 06, 2009

TradeStalker's RBI Update 04/06/09

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

TradeStalker's

R.B.I. Trader's Update

4 / 6 / 2009

(Published Since 1996)

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


Dateline: 5:57 pm eastern time, 4/6/2009


A lot of caution flags were being waved after Friday's
action and the ES started the week by opening down 11 points
on Monday. The first decent bounce fizzled at 831.50, which
coincided with the 20 and 60 period ema's on the 5 minute
chart, and the ES dropped to test the 823.00-822.75 support
zone. The market bounced, but it failed at updated
resistance at 827 and the trend down action continued.
Shortly after noon the ES reached an 818.75 low, which was
just over the 818.00-817.50 support zone, and a choppy
uptrend got started. The 823 level was exceeded and the ES
chopped its way to up to 834.00 with just 5 minutes left in
stock trading. The ES pulled back a bit to settle under fair
value.

The ES is currently range-bound and a trip to the top of the
range *could* be in the cards. That is at the 842.50-843.00
area on the ES and it has been rejected twice now.

There are 2 scenarios that look to have equal odds at the
moment. . . First, IF there is a rally back to that 842.50-
843.00 area on the ES or slightly lower and then the market
turns back down, it would be setting the stage for a 1-2-3
top on the daily chart. A reversal from around 838 on the ES
could do the trick, so beware if that occurs. The other
scenario would occur if there is no sign of a reversal. A
push through the 842.50-843.00 area on the ES could
accelerate the move up towards the 847.75-848.00 area. If
that happens and there is no reversal, then the 861.65 area
on the SP500 cash is the last good resistance before the
875-877 zone. Somewhere up there, likely not further than
the 852.50-853.00 area, should then make a high for the
move. Another possibility is that the market drops hard
on Tuesday, which is possible if 818 on the ES isn't
defended.

On Tuesday look to short early strength if it fizzles and
reverses in the first 40 minutes, and especially if a
resistance zone is rejected. If that plays out, beware that
the first decent pullback should then set up a good buying
opportunity. The ES should stay over the 830 level if it's
going to remain strong. If that is reversed, then a deeper
drop will be in the cards before buyers step back to the
plate.



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

834.00-834.50
842.50-843.00
847.75-848.00
852.50-853.00
861.65 {SP500 cash} **reversal/old breakdown level**


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

830.50-829.50
822.25-821.75
818.50-817.50
810.25-809.50


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

1318.00-1319.00
1324.50-1325.25
1329.75-1330.50
1338.75-1339.50


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

1308.00-1307.75
1295.50-1295.00
1285.75-1284.50
1254.75-1254.00


June 2009 Dow futures resistance
symbols: emini = ymm9

7938-7982
7996-8001
8036-8040
8089-8093


June 2009 Dow futures support
symbols: emini = ymm9

7910-7906
7834-7830
7804-7799
7734-7725

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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
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The foregoing has been prepared solely for informational
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research and data believed reliable, but there is no
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We are not advocating trading futures. The prices and
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