TradeStalker's RBI Update 04/11/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 11 / 2010

(Published Since 1996)

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

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

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

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

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

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

1193.00
1194.25-1195.00
1198.50-1199.50
1202.00-1204.00


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

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


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

1992.75
1994.40-1995.00
1999.50-2000.50


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

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


June 2010 Dow futures resistance
symbols: emini = ymm0

10956
10968-10973
11001-11006


June 2010 Dow futures support
symbols: emini = ymm0

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

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 02/21/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 21 / 2010

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 2/21/2010


The market opened lower but the ES turned up from just over
the 1098.25-1097.75 support zone and rallied 5.75 points to
1104.50 before going into a tight range. When 1104 was
broken, that area held on a dip and the ES ran up to the
last resistance at the 1110.50-1112.00 zone. Off of a high
at 1111.00, the ES pulled back to the 1107-1106 key support.
The 1106.50 level was the pullback low and a bounce to
1108.75 followed. The failure to clear the 1109.50 updated
resistance sent them to 1105.00 with 45 minutes left in the
trading day. They ran right up to 1109.50 and then dropped
right back down to 1105.25 before the close.

Most, but not all, of the short term gauges have come out of
oversold territory. The short term breadth indicators are
giving divergence, while the short term volume ratios are
still overbought. However, some things are at spots where
major turns have come in the past. The 5 day RSI on the Vix
reached 17.3, and is also 15% below its 10 day average
close. These numbers on the Vix haven't been that stretched
since the October 19th, 2009 high where a drop of 61 SP500
points (on a closing basis) started. The ranges are
shrinking just as the SP500 cash is getting close to the
1114.84-1115.49 area that was a transition on the downside.

That said, at the moment it still looks like the upside is
limited short term. The ES did pull back from the 1110.50-
1112.00 zone on Friday, and it also reversed at the updated
1109.50 level in the final minutes of trading. Early last
week the market closed several days at its highs, however
the upside had trouble holding on to its gains on Friday. It
didn't seem to like the altitude around the 1111 level on
the ES. If there is a drop back to the 1093-1092 area, and
it reverses, that could make a decent low if the market
heads lower on Monday.

Look for early strength to set up a shorting opportunity on
Monday. If that plays out, then the first decent drop needs
to hold the late Friday lows, otherwise the 1098.75-1098.00
area on the ES should be a good test of the market's
strength, or lack there-of. If that area is not defended,
then a test of the 1093.00-1092.00 area should set up a
rally attempt unless the market is in a breakdown mode. If
the ES is able to push through the 1111.00-1112.00 and not
reverse, then the 1114.84-1115.49 area on the SP500 cash
needs to be pushed through and held to keep this upside move
from failing.



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

1109.50 **key early
1111.00-1112.00 **strong
1117.50-1118.00


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

1105.50-1105.00
1098.75-1098.00 **key
1093.00-1092.00 **major
1089.00-1088.50
1086.75-1086.25
1079.50 crashette support


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

1823.50 **key early
1828.50-1830.00 **strong
1836.25-1838.00


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

1818.50-1818.00
1812.50-1811.50 **key
1803.25-1802.25 **major
1795.25-1794.50
1792.50-1791.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10405 **key early
10421-10426 **strong
10470-10474


March 2010 Dow futures support
symbols: emini = ymh0

10366-10362
10322-10319 **key
10267-10262 **major
10214-10210
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.
*************************************************

TradeStalker's RBI Update 02/10/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 10 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 2/10/2010

The lower open was bought on Wednesday and the ES popped up
5.75 points to 1069.75 and quickly reversed. The early game-
plan worked nicely as the first bounce failed under initial
resistance and then the ES dropped to 1056.25 in trend down
fashion. The trend was reversed an hour into the day, and a
rally was pretty good, but it was stopped cold after a
direct hit of the 1071.50-1072.50 resistance zone. After a 6
point drop to 1065.25, we were re-entering a short on a
bounce towards 1069 and the ES rejected 1068.50 twice before
dropping 5 points to 1063.50. A bounce back to the 1066.00-
1066.50 followed, and it set up one last short as the ES
dropped from 1066.25 to 1063.00 just before settlement.

Once again the market was unable to hold its gains and
closed poorly. Also, the 1071.50-1072.50 resistance zone was
soundly rejected so that might be all there is for upside
potential at this time. The ES was feeling comfortable
around the 1066 area, having opened and settled at 1106.50
and 1066.25 on Tuesday. The Wednesday open was at 1065.75
and the ES was right there at the 4 pm close for stocks. The
fact that they dropped into settlement looks like a tip-off
for more weakness ahead.

On Thursday look for the same pattern of early weakness
being bought, and if that plays out then the first decent
bounce should set up a good shorting opportunity as long as
the move fails under the initial resistance zones. If that
1066.25 area is not rejected, then a test of that 1071.50-
1072.50 zone would be key to how strong, or weak, the market
is. On the downside, if the Wednesday low areas at 1056.50-
1056.00 on the ES and 1739.25-1738.50 on the NQ are tested,
and not quickly reversed, then this move lower could gather
some steam. It would open the door to re-visit the 1048.00-
1047.50 area on the ES before any kind of reversal attempt.
If the market gets down there, it must rebound sharply
otherwise we will be back to testing the major support that
this publication nailed last Friday at the 1044-1042 area on
the SP500 cash.

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

1066.25
1068.00-1068.50
1071.50-1072.50
1077.00-1078.0
1082.00-1082.50


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

1063.00
1056.50-1056.00
1053.00-1052.50
1048.00-1047.50
1040.75-1039.50 MAJOR


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

1748.50
1752.25-1753.00
1758.00-1759.00
1767.00-1768.00
1774.00-1774.75


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

1743.50
1739.25-1738.50
1731.00-1730.50
1723.50-1722.50
1712.00-1710.75 MAJOR


March 2010 Dow futures resistance
symbols: emini = ymh0

10010
10026-10030
10053-10058
10103-10108
10149-10154


March 2010 Dow futures support
symbols: emini = ymh0

9983
9932-9927
9898-9895
9848-9846
9798-9791 MAJOR

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 01/28/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 28 / 2010

(Published Since 1996)

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

Dateline: 6:06 pm eastern time, 1/28/2010

The ES opened higher then reversed from 1 tick over the
1096.75-1097.50 resistance, and it drop to the 1085.25-
1084.50 support zone and bounced. The updated resistance at
1090 was rejected and the move was trend down to 1074.25
before lunch-time trading. The break / hold over 1081 kept
the new uptrend intact to 1085.25. Old support turned
resistance, and the reversal set up a drop to 1078.50. The
rally from there took the ES to the 1088.50-1089.50 updated
resistance, reversing fast from 1088.75, and then dropped to
1078.25 in the final minutes of trading.

The market has been giving good moves in both directions,
and that should continue. The old 1082-1081 support area was
broken, yet the downside has not accelerated just yet.
Instead, the downside reverses and we end up with a good
rally. Then, per usual of late, the market gets stretched
too far and longs take profits while shorts jump on-board
and press the market lower.

Although the internal gauges are back into oversold
territory, it still isn't time to be aggressive on the long
side. The market has a reason to rally, but even if it does,
it would need to get through the Thursday highs and not
quickly reverse as has been the case. The market was sold
early on Thursday, bounced nicely, then dropped pretty hard
to end the day. So, a similar pattern could occur on Friday.

Look for early strength to set up a shorting opportunity as
soon as upside momentum stalls and the market begins to roll
over. That could set up nicely if there is an early pop that
reverses from just under or at the 1088.50-1089.00 zone on
the ES. If that plays out, then beware of a reversal back up
from either a test of the 1078.50-1078.00 zone, or the
1073.50-1073.00 area if no reversal occurs at the initial
support areas. If those areas are not held, then we could
see a drop into the 1060's before there is an oversold
bounce.

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

1083.50-1084.00
1088.50-1089.00
1092.50-1093.00
1097.50-1098.00


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

1078.50-1078.00
1073.50-1073.00
1068.00-1067.00


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

1780.00-1780.50
1786.00-1786.50
1795.75-1796.75
1804.00-1805.00


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

1769.00-1768.50
1760.00-1759.25
1752.00-1750.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10092-10096
10136-10139
10167-10172
10211-10214


March 2010 Dow futures support
symbols: emini = ymh0

10051-10045
10005-9999
9978-9972

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 01/20/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 20 / 2010

(Published Since 1996)

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

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

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

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

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

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


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

1131.50-1131.00
1129.25
1125.75-1125.25
1123.00-1122.50


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

1876.25-1877.00
1884.00-1885.00
1890.00-1890.75


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

1859.00-1858.25
1854.50
1851.00-1849.75
1845.50-1844.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10575-10578
10627-10631
10653-10656


March 2010 Dow futures support
symbols: emini = ymh0

10536-10533
10509
10469-10465
10443-10439

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 01/08/10

HOW OUR DAY WENT:

The lower open on the Job's numbers was
reversed from 1132.00 (just 1 tick over our 1131.75-1131.25
support zone) and it set up a trade on the long side. The
ES rallied to 1138.50 (a direct hit at the 1138.50-1139.00
resistance zone) and pulled back to the 1136.00 updated
support and based out. With less than 30 minutes left the
ES took out 1138.50 and that gave us the run up to our 1141-
1143 key zone just before the close. Volatility is surely
back, start the week with our group as next week should be
full of opportunity!

Good Trading,
Mike Reed
TradeStalker.com

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

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

TradeStalker's RBI Update 01/05/10

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

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

Today's Trading Recap: 01/05/10

HOW OUR DAY WENT:

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

Good Trading,
Mike Reed
TradeStalker.com

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

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

Today's Trading Recap: 01/04/10

HOW OUR DAY WENT:

The big rally wasn't expected but we
adapted and gave the trend-up support for low risk entry
on the ES until it reversed from just over the 1128.50-
1129.00 zone then broke 1128.50. The market then turned
vulnerable, and we also caught a short on the NQ near 1888
as it failed there 5 times before dropping.

Good Trading,
Mike Reed
TradeStalker.com

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

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

TradeStalker's RBI Update 12/29/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 29 / 2009

(Published Since 1996)

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

Dateline: 6:01 pm eastern time, 12/29/2009

NOTE: This will be the last nightly update until Sunday
evening on January 3rd, 2010. On Wednesday I will try to
update though the instant message page, but that will be it
until the new year. We would like to wish all of you a safe
and Happy New Year!!!

Last night the early game-plan I gave for Tuesday stated:

"...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."

We got that on the open as the ES gapped up and then
reversed from 1 tick over the 1126.25 Monday high. Then,
after a 2.75 point pullback, a bounce set up a 1-2-3 top as
1126.25 was reversed and the ES dropped 4.50 points to the
1123-1122.00 updated support. That set up a scalp trade on
the long side back to the 1124 resistance, but the market
didn't do much until the last hour. The ES went up to
1125.00, but then reversed and held under 1124.00 on a
bounce. That kept the pressure on in the last 15 minutes and
market continued lower until the it made new lows for the
day at the 4pm close for stocks.

The market is acting toppy, but still has refused to fall
apart. The bounces finally did not stick, as the new high
areas continue to be sold in to. At the moment there appears
to be more potential downside than upside, so if there is
another push higher and the move stalls / reverses, that
should make a good trade on the short side. If we get a test
of the 1128.50-1129.00 area on the ES, it should set up a
very good shorting opportunity. On the downside, there was a
number of highs at the 1117.75-1117.00 area before the ES
finally broke out of its range. A drop to that area would
need to be quickly reversed if reached, otherwise the series
of narrow range days could give a good sized range by ending
the year on a poor note.

So, look for a good shorting opportunity if there is another
bounce that fizzles out on Wednesday. On the flip side, if
there is a decent pullback beware of a potential reversal
back up if the 1117.75-1117.00 area is tested and reversed.
If that area is broken, and not reversed, then back away
from buying anything as the downside could be picking up
some steam.

NOTE: This will be the last nightly update until Sunday
evening on January 3rd, 2010. On Wednesday I will try to
update though the instant message page, but that will be it
until the new year. We would like to wish all of you a safe
and Happy New Year!!!

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

1123.75
1125.75-1126.25
1128.50-1129.00 ** strong
1132.00-1134.50

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

1120.50-1119.50
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50


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

1873.50
1876.50-1877.00
1881.00-1882.00 ** strong
1886.50-1887.50

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

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

March 2010 Dow futures resistance
symbols: emini = ymh0

10509
10525-10529
10550-10555 ** strong
10568-10572

March 2010 Dow futures support
symbols: emini = ymh0

10477-10473
10451-10448
10432-10428
10399-10395

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

Today's Trading Recap: 12/29/09

HOW OUR DAY WENT:

Last night our trading group was told:

"...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."

We got that on the open when the ES gapped up and then
reversed from 1 tick over the Monday high 1126.25. Then,
after a 2.75 point pullback, a bounce set up a 123 top and
the ES dropped 4.50 points to the 1123-1122.00 updated
support. That set up a scalp trade on the long side back to
the 1124 resistance. The last hour drop held the 1120.00-
1119.50 support in what was a choppy session.

Good Trading,
Mike Reed
TradeStalker.com

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

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

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

Today's Trading Recap: 12/28/09

HOW OUR DAY WENT:

We were expecting two-sided action
and got it Monday. We were shorting early strength that
reversed, and about 10 minutes into the day and 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 as that was at the
1120.00-1119.50 support zone. It looked like 1 more drop
was possible, but that support was strong enough for the
ES to rally to 1124 resistance by the close.

Good Trading,
Mike Reed
TradeStalker.com

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

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

TradeStalker's RBI Update 12/20/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 20 / 2009

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 12/20/2009


On Friday the ES gave us early strength to sell, as the ES
popped up to 1099.00 and then reversed. That was at the
1098.50-1099.00 resistance zone, and the market obliged by
selling off. The Thursday lows were broken, but the ES
reached 1088.50 (which was just 2 ticks over the 1088.00-
1087.00 support/ target) and then turned up. The rally took
the ES back to the 1096.50 level, and after a pullback the
ES made a little double top by reversing at 1096.25.
However, the pullback held the updated 1093.00 support and
then rallied back to 1099.00 by the close.

The SP500 has been in the same range since November 10th,
and it is one of the longest sideways patterns I've seen in
27 years. It should lead to a good sized move when it is
finally broken. It is at 1114 on the top, and 1080 on the
bottom for the SP500 futures. A possibility is that there is
a fake-out when the market finally does break out of this
range. In any case, the market needs some great news or an
unexpected shock to get out of this range it appears. It
might need to wait until the end of the month, or the first
week of 2010 to finally get out of this range.

On Friday the market was both weak and strong, as it sold
off from resistance early and then rallied off of support in
the afternoon. It was a mixed market also, as the Nasdaq 100
finished up 29 points while the SP500 gained just 6 points.
For now it looks like the market needs to stay over the last
hour lows from Friday to get out of trouble. That is at the
1093.00-1092.50 area on the ES and the 1797.00-1796.00 area
on the NQ. If those are broken, and not quickly reversed,
then the market will be in for a hard time making much out
of the upside as the bounces will then likely be sold.

On Monday look for a shorting opportunity if there is early
strength as soon as the upside stalls/ reverses. Then as
long as the market can hold the initial support areas, a
reversal should give a buying opportunity. If the initial
support is not quickly reversed, then a change could be
underway.



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

1099.00-1099.50
1102.50-1103.00
1106.50-1107.25
1111.50-1112.00


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

1093.00-1092.50
1088.00-1087.00
1081.50-1080.50


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

1807.75-1809.00
1812.75-1813.25
1817.50-1818.25
1822.75-1824.00


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

1797.00-1796.00
1788.50-1787.50
1776.00-1775.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10278-10282
10309-10312
10348-10352
10394-10399


March 2010 Dow futures support
symbols: emini = ymh0

10227-10224
10201-10198
10132-10127


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

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) 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.
*************************************************

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

Today's Trading Recap: 12/15/09

HOW OUR DAY WENT:

The ES dropped to 1103.25 in the first
25 minutes and turned back up. The second support area was
at 1104.00-1103.50 for Tuesday, and a rally to the 1109.50-
1110.25 resistance zone followed. The reversal there set up
a short and the ES drifted down to 1104.00 support before
bouncing. Then the 1106.50-1107.00 updated resistance
turned the market back down, with the ES dropping from
1106.25 to 1100.25 -- a new low for the day per last
night's bearish bias -- and right at the 1100.50-1099.75
key support zone.

Good Trading,
Mike Reed
TradeStalker.com

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

TradeStalker's RBI Update 12/10/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 10 / 2009

(Published Since 1996)

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

Dateline: 6:46 pm eastern time, 12/10/2009

We had a big gap up open on a rollover day. Since we
couldn't buy an early pullback, we traded from the short
side when the upside fizzled early, and caught a couple of
decent swings from the 1100.00-1100.50 resistance zone. The
last one occurred with about 90 minutes left, as the 1100.50
level was rejected and the ES dropped to a new low for the
day at 1094.75. Buying/ short covering came in and the
market bounced back into the close.

We get the Retail Sales number before the open on Friday.
The market is STILL in the same range, and closed about in
the middle of it on Thursday. The daily indicators are all
in neutral territory also, even after making good on the Vix
buy signal given at Wednesday's close.

On Thursday the market had all kinds of trouble pushing
through the 1100 area and holding. But on the other side of
the coin, the market did double bottom in the last hour. If
the 1100.00-1100.50 area is exceeded, and there isn't a
quick reversal like we saw on Thursday, then the market
could put together a rally towards the 1106.00-1106.50 area,
at the most it appears. For now, the market is still range
bound. Shorts can be taken unless/until that 1100 level is
exceeded and held on a pullback. On the downside, if the
Thursday lows hold then the market is still okay. However,
if they are broken we should see follow through selling to
at least the 1092.00-1091.50 area, and maybe get hit pretty
hard.


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

1100.00-1100.50
1102.50-1103.00
1106.00-1106.50


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

1095.25-1094.75
1092.00-1091.50
1086.50-1086.00


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

1803.00-1803.50
1806.75-1808.00
1812.50-1814.00


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

1795.00-1794.00
1791.00-1790.50
1783.50-1782.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10364-10368
10384-10388
10427-10431


March 2010 Dow futures support
symbols: emini = ymh0

10324-10318
10282-10277
10238-10234

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

Today's Trading Recap: 12/09/09

HOW OUR DAY WENT:

The early game-plan worked perfectly to
start Wednesday. Last night members were told:

"On Wednesday look for a shorting opportunity if there is
early strength and the move reverses from near the initial
resistance areas."

The ES popped to the 1092.50-1093.00 initial resistance
and reversed about 3 minutes in to the trading day. From
1092.75, the ES fell 7.75 points to 1085.00 in the first
20 minutes. That was a good start for the day, and after
locking in profits we had a couple more good shorting
opportunities before the afternoon breakout over 1090.50-
1091.50 zone. That move reached the 1097.00-1097.50 next
resistance and backed off before the close.

Good Trading,
Mike Reed
TradeStalker.com

Today's Trading Recap: 12/08/09

HOW OUR DAY WENT:

The market gapped down on the open and
the fell for 15 minutes before reversing. The last listed
support areas for Tuesday were at at 1088.25-1087.50 on
the ES, 10244-10240 on the YM, and 1759.00-1757.75 on the
NQ. The early lows were at 1087.75 on the ES, 10240 on the
YM and 1760.00 on the NQ. The ES rallied to 1097.50 before
noon, and shortly thereafter members were told:

"The ES reached 1097.50 before reversing. That might be it
for the bounce if the 1094.60-1094.00 area is broken."

After breaking 1094 we were looking for a test of the low
and the ES went choppy trend down to 1088.75 by 3pm.

Good Trading,
Mike Reed
TradeStalker.com

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