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)
Showing posts with label day trading sp. Show all posts
Showing posts with label day trading sp. Show all posts
Tuesday, January 05, 2010
Today's Trading Recap: 12/30/09
HOW OUR DAY WENT:
The ES reversed from the key 1117.75-
1117.00 support and bounced 4.75 points to 1122.50 in the
first 30 minutes of trading. A little double top formed,
and the ES tested and reversed from 1118.00 and bounced
3.75 points to 1121.75. The market is a short on bounces
under 1122 today.
Happy New Year! "See" you in 2010!
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)
The ES reversed from the key 1117.75-
1117.00 support and bounced 4.75 points to 1122.50 in the
first 30 minutes of trading. A little double top formed,
and the ES tested and reversed from 1118.00 and bounced
3.75 points to 1121.75. The market is a short on bounces
under 1122 today.
Happy New Year! "See" you in 2010!
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: 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)
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)
Wednesday, December 16, 2009
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
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.
*************************************************
Thursday, December 10, 2009
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
Subscription SALE: CLICK HERE to save 25% (offer expires
Tuesday - December 15th)
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
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
Subscription SALE: CLICK HERE to save 25% (offer expires
Tuesday - December 15th)
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.
*************************************************
Tuesday, December 08, 2009
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)
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)
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
Want to SAVE 25% on a subscription to our service?
CLICK HERE TO SAVE!
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
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
Want to SAVE 25% on a subscription to our service?
CLICK HERE TO SAVE!
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.
*************************************************
Friday, November 27, 2009
TradeStalker's RBI Update 11/24/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 24 / 2009
(Published Since 1996)
...............................................
Dateline: 6:33 pm eastern time, 11/24/2009
We were fading the early direction on Tuesday and the ES
opened at 1105.50 (1105.50-1106.00 was initial resistance)
and then promptly fell 10.50 points to 1095.00 before
turning back up. The 1095.25 level was the 3rd support level
listed last night. The ES then rallied to 1106.75, where it
was sold pre-open, and then the ES dropped to 1102.50 in the
last 15 minutes of the day.
NOTE: This is the last update until Sunday night. A Happy
Thanksgiving to our U.S. and Canadian friends, and a great
long weekend for all of you.
The short term internal gauges that were oversold are in
neutral now. However, the Vix made a new low close for the
year on Tuesday. If the Vix drops under 20.35 on Wednesday,
and then reverses and closes up for the day, it will give 3
or 4 Vix Sell signals. The market has had some good swings
in both directions this week, however the bounces are not
sticking. When the market pulls back, and can not entice
more good buying on a reversal, then things could get a bit
ugly. The day before the Thanksgiving Holiday tends to be
bullish. Just be careful holding a trade on the long side
for very long. The way the market is acting, it could give
back a week's worth of gains in a few hours.
On Wednesday we get another batch of economic data coming
before the open and 30 minutes into the trading day. If
Wednesday is going to give us "normal" pre holiday trading,
then most of the action should occur in the first 90 minutes
and last 90 minutes. If the market opens higher, and the
move is reversed from just under the 1106.50-1106.75
resistance, then another down day is likely. That, or a
reversal in the first 40 minutes of trading, would set up a
*very* good shorting opportunity. If the market opens lower,
but can reverse back up from the 1100.50-1100.00 area on the
ES, then we could get a decent bounce back towards the
1106.50-1106.75 area. IF that area is exceeded and not
quickly reversed, then the 1109.00-1109.50 area could be
tested. Just beware that the move on the upside will likely
fail. Unless 1107 on the ES is exceeded, then the market is
extremely vulnerable and could fall back towards the 1092.75
gap on the SP futures (ES) and/or 1768.00 on the Nasdaq 100
futures (NQ) as the market continues its topping process.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1106.50-1106.75
1109.00-1109.50 **strong
1111.75-1112.25 **major
1117.50-1118.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1102.50
1100.50-1100.00 **must hold
1095.25-1095.00
1093.00-1092.50 **major
1088.50-1088.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1792.00-1792.50
1796.75-1797.50
1801.75-1803.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1784.00
1780.75-1780.25
1774.50-1773.50
1769.75-1768.75
1760.50-1759.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10434-10438
10477-10480
10498-10502
December 2009 Dow futures support
symbols: emini = ymz9
10398
10377-10372
10338-10334
10314-10311
10276-10273
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
R.B.I. Trader's Update
11 / 24 / 2009
(Published Since 1996)
...............................................
Dateline: 6:33 pm eastern time, 11/24/2009
We were fading the early direction on Tuesday and the ES
opened at 1105.50 (1105.50-1106.00 was initial resistance)
and then promptly fell 10.50 points to 1095.00 before
turning back up. The 1095.25 level was the 3rd support level
listed last night. The ES then rallied to 1106.75, where it
was sold pre-open, and then the ES dropped to 1102.50 in the
last 15 minutes of the day.
NOTE: This is the last update until Sunday night. A Happy
Thanksgiving to our U.S. and Canadian friends, and a great
long weekend for all of you.
The short term internal gauges that were oversold are in
neutral now. However, the Vix made a new low close for the
year on Tuesday. If the Vix drops under 20.35 on Wednesday,
and then reverses and closes up for the day, it will give 3
or 4 Vix Sell signals. The market has had some good swings
in both directions this week, however the bounces are not
sticking. When the market pulls back, and can not entice
more good buying on a reversal, then things could get a bit
ugly. The day before the Thanksgiving Holiday tends to be
bullish. Just be careful holding a trade on the long side
for very long. The way the market is acting, it could give
back a week's worth of gains in a few hours.
On Wednesday we get another batch of economic data coming
before the open and 30 minutes into the trading day. If
Wednesday is going to give us "normal" pre holiday trading,
then most of the action should occur in the first 90 minutes
and last 90 minutes. If the market opens higher, and the
move is reversed from just under the 1106.50-1106.75
resistance, then another down day is likely. That, or a
reversal in the first 40 minutes of trading, would set up a
*very* good shorting opportunity. If the market opens lower,
but can reverse back up from the 1100.50-1100.00 area on the
ES, then we could get a decent bounce back towards the
1106.50-1106.75 area. IF that area is exceeded and not
quickly reversed, then the 1109.00-1109.50 area could be
tested. Just beware that the move on the upside will likely
fail. Unless 1107 on the ES is exceeded, then the market is
extremely vulnerable and could fall back towards the 1092.75
gap on the SP futures (ES) and/or 1768.00 on the Nasdaq 100
futures (NQ) as the market continues its topping process.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1106.50-1106.75
1109.00-1109.50 **strong
1111.75-1112.25 **major
1117.50-1118.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1102.50
1100.50-1100.00 **must hold
1095.25-1095.00
1093.00-1092.50 **major
1088.50-1088.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1792.00-1792.50
1796.75-1797.50
1801.75-1803.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1784.00
1780.75-1780.25
1774.50-1773.50
1769.75-1768.75
1760.50-1759.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10434-10438
10477-10480
10498-10502
December 2009 Dow futures support
symbols: emini = ymz9
10398
10377-10372
10338-10334
10314-10311
10276-10273
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.
*************************************************
Monday, November 23, 2009
Today's Trading Recap: 11/23/09
HOW OUR DAY WENT:
The ES gapped up over 12 points on
Monday's open and it rallied to 1111.50 in just 40
minutes of trading. That bigger picture double top was
reversed, and we were shorting the rest of the day as the
move was "trend-down" into the last 30 minutes of stock
trading. The last good short came when the ES reversed
from 1105.50, just 1 tick under the updated resistance
at 1105.75, then it dropped 4.25 points to a new low for
the day at 1101.25 with 30 minutes left.
Good Trading,
Mike Reed
TradeStalker.com
The ES gapped up over 12 points on
Monday's open and it rallied to 1111.50 in just 40
minutes of trading. That bigger picture double top was
reversed, and we were shorting the rest of the day as the
move was "trend-down" into the last 30 minutes of stock
trading. The last good short came when the ES reversed
from 1105.50, just 1 tick under the updated resistance
at 1105.75, then it dropped 4.25 points to a new low for
the day at 1101.25 with 30 minutes left.
Good Trading,
Mike Reed
TradeStalker.com
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