TradeStalker's RBI Update 12/06/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 6 / 2009

(Published Since 1996)

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

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

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

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

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

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

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


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

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


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

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


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

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


December 2009 Dow futures resistance
symbols: emini = ymz9

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


December 2009 Dow futures support
symbols: emini = ymz9

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

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Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 12/04/09

HOW OUR DAY WENT:

The ES ran up in the first 20 minutes
to 1119.00, just under the last resistance at 1119.50-
1121.00, and reversed. After pulling back, members were
told to short under 1116.00 =new= resistance, and the
bounce reached 1115.75 before reversing. The group was
told that the action was like Thursday, and we got the
bounce highs all the way down to lower lows. Then the
ES bounced to the 1105.50 updated resistance, setting
up another short. The group was alerted to the chance
of a double bottom, and that played out well too.

We get lots of questions about our instant messenger room.
Members get additional guidance there every day. To
see today and Thursday's instant messages, check them
out by going here-

http://www.tradestalker.com/log.htm

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)

TradeStalker's RBI Update 12/02/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 2 / 2009

(Published Since 1996)

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

Dateline: 6:34 pm eastern time, 12/2/2009

The ES popped into our sell zone in the first 10 minutes on
Wednesday, and it dropped from 1111.00 to 1107.25 before
reversing. Members were told via instant message to cover
1/2 at 1108.50 or better, and tighten a stop, on the way
down to 1107.25. That protected small profits and then the
ES ran up to a new yearly high at 1115.50 before reversing
again. The 1111.50 level had to hold to avoid a top, and the
break triggered a 7 point drop down to a 1104.25 low. The
market refused to break the 1103-1102 area, but had trouble
on the upside still. The updated resistance given at the
1107.75-1108.50 area then offered 2 scalp trades before a
thin and choppy bounce in the last hour of trading.

The SP500 cash and futures opened and closed at about the
same levels on Wednesday, after the temporary breakout in
the morning. The market is beginning to get a bit
overbought, and the sentiment has gone from overly bearish
to very bullish short term. If there is one more decent
rally, and it also fails, then the ingredients will be there
for a decent sized selloff. For now however, the market will
be "okay" as long as the 1105.00-1104.25 area is held. If
the market is still in good shape, then reaching the
1119.50-1121.00 could be in the cards before a decent
selloff occurs. However, if that 1105.00-1104.25 area
breaks, then the downside could pick up some steam and break
towards the 1097.25-1096.25 area before there is a reversal
attempt.

The market will likely give us two-sided action on Thursday
in front of Friday's Employment numbers. Look for early
weakness to reverse to set up a trade on the long side. If
that plays out, beware of a reversal when the upside
momentum stalls/ reverses, and especially if there is a
straight up move towards the 1115.00-1115.50 zone. If there
is a buying frenzy early in the day, that 1119.50-1121.00
area could be seen and the action around that zone should
then be telling as for the short and intermediate term
outlook.

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

1109.25-1109.75
1111.75-1112.50
1115.00-1115.50
1119.50-1121.00


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

1105.00-1104.25
1102.75-1102.25
1097.25-1096.25


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

1792.75-1794.00
1798.00-1799.00
1805.50-1806.50
1811.00-1812.25


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

1787.00-1786.00
1782.00-1781.00
1777.50-1776.75


December 2009 Dow futures resistance
symbols: emini = ymz9

10449-10452
10478-10482
10502-10505
10542-10546


December 2009 Dow futures support
symbols: emini = ymz9

10416-10412
10404-10401
10354-10349


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

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
TradeStalker.com

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

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

Today's Trading Recap: 11/20/09

HOW OUR DAY WENT:

Last night's update was bearish for
Friday and the ES opened down almost 7 points and just
over the 1086.75-1086.25 support. Two bounces from that
area didn't go too far, and we were shorting against the
1088 level. That gave us a couple of scalps on the short
side. After getting over 1088, the pullback held the
1088.25 support. I stated in an intraday update "As long
as 1088.25 holds, the market keeps its bounce" and the
ES rallied to 1092.75. Members were told that would top
the move off, and the ES dropped 3.50 points into the
close.

Good Trading,
Mike Reed
TradeStalker.com

Today's Trading Recap: 11/17/09

HOW OUR DAY WENT:

The initial support area on the ES at
1103.50-1102.50 gave us 2 quick trades on the long side
this morning. There was a bounce from 1102.50 to 1107.50,
and then a bounce from 1103.00 to 1106.75 occurred before
the ES washed out to 1100.25. Then the ES bounced and
reversed from 1104.00 updated resistance then dropped to
the 1100.00 early low. After the market rallied back
members were told to watch 1108.00-1108.50 for a turn,
and the ES reversed from 1108.25 and dropped to 1104.00
before firming and bouncing back.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/16/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 16 / 2009

(Published Since 1996)

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


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

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

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

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



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

1108.00-1108.50
1112.25-1112.75
1117.75-1118.50


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

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


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

1806.50-1807.25
1812.75-1813.75
1817.50-1818.50


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

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


December 2009 Dow futures resistance
symbols: emini = ymz9

10380-10383
10402-10406
10454-10458


December 2009 Dow futures support
symbols: emini = ymz9

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


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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 11/10/09

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

TradeStalker's

R.B.I. Trader's Update

11/ 10 / 2009

(Published Since 1996)

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


Dateline: 6:19 pm eastern time, 11/10/2009

We came into Tuesday expecting a two sided day with a
downside bias. We were also alert for a reversal from
initial support, and the ES opened lower and then turned up
from 1 tick above the 1087.50-1087.00 initial support. The
ES ran up 6.75 points to 1094.50 and then reversed. That set
up the short side, and the first bounce reversed from just
under updated sell zone and went to a 1085.00 low. The first
bounce to 1089.00 was rejected and a little double bottom
was made at 1086.25 then the ES bounced again. The move
fizzled and reversed from 1093.25, setting up a short, and
the ES dropped to 1089.00. That was right at new key support
at the 1089.00-1088.50 area and the market firmed into the
close.

The indicators have backed out of the extreme overbought
status they were in, but if the Vix reverses and the initial
support is not held on Wednesday, the market could get hit
with a decent sized selloff. The market was weak in the
early going on Tuesday, but then found a comfort area and
rallied back. The 1089.00-1088.50 area on the ES offered
resistance on the bounces after the early drop on Tuesday.
Then, when the 1088.50-1089.00 area was broken, that area
held on the 2 pullbacks so it should be pivotal early on
Wednesday.

At the moment the market looks pretty strong. However, we
get the Initial Claims and Continuing Claims before the open
on Wednesday. If these numbers don't meet expectations, then
the market could get hit fairly hard. If there is a pop up
open that reverses from 1093.50-1094.25 area on the ES, then
a drop to the 1089.00-1088.50 could be underway. If the
market is still strong and in good shape, then that initial
support should hold. If a pullback is sharp, and cuts
through the initial support, then the trends could be
rolling over. If the ES gets over the 1094.50 level and
isn't reversed, then the ES still needs to get over 1098.50
to make a new high on this leg up. If the market is not
making a double top, and the 1098.50 area is exceeded, then
the 1102.50-1104.00 could be seen before there is another
top put in place.

NOTE: Due to a doctors appointment there will not be any
intraday updates after 12 noon eastern time.

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

1093.50-1094.25
1098.00-1098.50
1102.50-1104.00


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

1089.00-1088.50
1085.50-1085.00
1080.50-1079.75
1074.50-1074.00
1068.00-1067.75


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

1775.75-1777.25
1784.25-1785.00
1790.50-1791.50

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

1767.00-1768.50
1763.00-1762.25
1752.50-1751.50
1742.00-1740.75


December 2009 Dow futures resistance
symbols: emini = ymz9

10227-10232
10245-10250
10295-10299


December 2009 Dow futures support
symbols: emini = ymz9

10198-10193
10165-10162
10114-10108
10041-10037

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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

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

Disclaimer

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

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

TradeStalker's RBI Update 11/09/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 9 / 2009

(Published Since 1996)

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

Dateline: 6:06 pm eastern time, 11/9/2009

The market gapped up on Monday and it was a steady trend-up
day from the get-go. There were small reactions at
resistance areas on the way up, however the pullbacks were
very small and well contained as the ES grinded its way to
1092.00 just before settlement.

The Dow and Nasdaq 100 both made new closing highs on
Monday, while the SP500 didn't quite make it. The market
looks to be in a bit of a melt-up move, but a breakout to a
new high on the SP500 should have a very hard time on
sticking. The internal gauges are near the polar opposite as
they were just over a week ago, with the SP500 closing at
1036.19. The closing Trin on that day was just under 3.00,
an extremely high level of fear. On Monday's close, the Trin
was a miniscule .28, showing signs of panic buying as the
up/down volume ratio on the NYSE was 18 to 1. Along with
this, my RBI oscillator spiked into overbought status and
the 3 Day Thrust closed at +.65.

When the indicators get to these extremes, the odds favor
being careful on the long side and be heads up for a
reversal pattern. At the moment, the market will be ok
unless the initial support is not held. So, look for early
strength to set up a shorting opportunity, and if the market
obliges be alert for a reversal from initial support. If
that is not held, then odds of the bounces failing will go
up.


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

1092.00-1092.50
1098.00-1098.50
1102.50-1104.00

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

1087.50-1087.00
1080.50-1079.75
1074.50-1074.00

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

1767.50-1768.25
1775.75-1777.25
1784.50-1786.00

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

1761.50-1760.25
1752.50-1751.50
1742.00-1740.75

December 2009 Dow futures resistance
symbols: emini = ymz9

10195-10200
10240-10245
10295-10299

December 2009 Dow futures support
symbols: emini = ymz9

10163-10157
10114-10108
10041-10037

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

Today's Trading Recap: 11/05/09

HOW OUR DAY WENT:

The ES opened at the 1051.75-1052.50
resistance, and from 1052.50 it dropped 3 points to
1049.50 before turning back up. The rally reached
1058.50, our 2nd resistance was 1058.00-1058.50, and
the ES dropped 3 points to 1055.50 and turned back up.
The bounce stalled out after reaching 1062, and we
were short but looking for a bounce. That bounce took
out 1060.50 and ran to the 1063-1064 key area. The move
reached the 1063.00, then reversed and dropped 4.75
points to key support at 1058.25. A bounce to 1063.75
reversed, giving a good re-entry on the short side,
and the ES dropped 3.50 points to 1060.25 with 15
minutes left in stock trading. The ES then ran up to
1064.00 in the final minutes and backed off as the market
acted timid up there.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/04/09

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

TradeStalker's

R.B.I. Trader's Update

11/ 4 / 2009

(Published Since 1996)

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


Dateline: 6:18 pm eastern time, 11/4/2009

The gap up open at the 1051.50-1052.25 resistance set up an
early short on Wednesday. The ES turned down from 1052.25
and dropped 4.50 points to 1047.75. The upside then resumed
and the ES rallied to 1057.50 before it stalled and rolled
over. We were then looking for a pullback to 1051.50-1051.00
to be key support, and a pullback reversed from 1051.50 and
then bounced 2.50 points to 1054.00 before stalling out in
front of the Fed release. After the release there was a
pop-and-drop to 1046.00 on the ES that lasted about 15
minutes, and then the market turned back up. A sprint to
1058.50 stalled out and the ES backed off, but when the 1053
level was cut through the second time the downside picked up
steam. A plunge to 1041.50 easily filled the gap and then
the market firmed into the close.

We had more good volatility to trade on Wednesday as we
expected. After getting extremely oversold late last week,
and then getting 4 buy signals from the Vix on the Monday,
the market put together a decent oversold rally. It lasted 3
days so far, and it that looks to be over for now. Most of
the overbought/oversold gauges have gone into neutral. In
addition to that, the market is losing upside momentum. The
SP500 cash closed up 6.69 points on Monday, closed up 2.53
points, and closed 1.09 points on Wednesday. At best it
looks like a trading range. At worst, the downside could
gather steam and head towards the 1016-1014 area on the
SP500 cash to see if it can hold what appears to be
important support.

The market has not been able to hold on to its gains, so on
Thursday look for early strength to be sold. If there is an
early pop up to the 1051.75-1052.50 area on the ES and it
reverses, that would be a good entry. If the market can not
bounce that much, it means it is weak and the downside
should be in gear. IF somehow the market tests the Wednesday
highs, it should be an easy short barring some extraneous
news event. On the downside, a break of the Wednesday low
areas would mean a test of the 1036.75-1036.25 area, and
that area will need to defended to avoid a bad day for
the bulls.



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

1051.75-1052.50
1058.00-1058.50
1062.75-1064.00
1071.50-1072.25 **major


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

1042.00-1041.50
1036.75-1036.25
1031.50-1030.75
1026.50-1026.00


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

1693.75-1694.50
1699.25-1700.00
1705.75-1706.50

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

1676.75-1676.00
1672.00-1670.75
1658.75-1658.00
1652.00-1650.25

December 2009 Dow futures resistance
symbols: emini = ymz9

9832-9839
9884-9888
9924-9932

December 2009 Dow futures support
symbols: emini = ymz9

9740-9736
9683-9679
9656-9654
9634-9632


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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

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

Disclaimer

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

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

TradeStalker's RBI Update 11/03/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 3 / 2009

(Published Since 1996)

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


Dateline: 6:44 pm eastern time, 11/3/2009


The market opened lower on Tuesday but the weakness was
reversed and the ES rallied from 1030.75 to 1040.50 just
over 30 minutes into trading. That was at the 1040.00-
1041.00 initial resistance, and the market dropped down to
test the lows. The ES made a double bottom pattern off of
1031.00 and then bounced to 1036.25 updated resistance. A
pullback followed but then the ES was reversed from 1032.00
and then it shot higher. A sprint to 1041.50 fizzled out,
then the ES pulled back to test the 1036.50 new support.
That held and a rally up to 1043.00 followed. That level was
quickly rejected, and with that resistance being a bit too
much, the ES fell back to the 1036.50 area with an hour
left. The market churned just over that level until 3:30,
and then the market turned up and made a run up to test the
highs. That pop lasted 5 minutes as the move fizzled and
reversed from 1042.75, then dropped 3.50 points to 1039.25
before churning into the close.

The market gave us some good swings in both directions on
Tuesday. Wednesday is a Fed Release day, and the volatility
isn't going to dry up now. For the most part, the short term
internal gauges have moved out of deep oversold territory.
Also, the downside momentum let up some, with the averages
making inside days on Tuesday.

On Fed days, if there is a trending market going into the
2:15 pm release, then that trend is usually reversed. On
Wednesday the market will be in decent shape as long as the
1036.75-1036.25 area on the ES and 1672.00-1670.75 area on
the NQ are broken. If those are broken, then the uptrends
will roll over and the 1026.50-1026.00 area, or lower, could
be in the cards before another decent reversal occurs. If
those are held, then a rally should have trouble with the
1049.00-1049.50 area if the market is still weak. After the
Fed release, there tends to be a quick "shake and bake"
where the market moves down then up quickly, however a trend
should develop after 15-20 minutes and make a good move into
the last 30 minutes or longer.



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

1042.75-1043.25
1049.00-1049.50
1051.50-1052.25


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

1036.75-1036.25
1031.50-1030.75
1026.50-1026.00


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

1677.00-1677.75
1686.50-1687.75
1690.50-1691.50


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

1672.00-1670.75
1658.75-1658.00
1652.00-1650.25


December 2009 Dow futures resistance
symbols: emini = ymz9

9736-9739
9792-9796
9820-9825


December 2009 Dow futures support
symbols: emini = ymz9

9683-9679
9656-9654
9634-9632


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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 11/02/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 2 / 2009

(Published Since 1996)

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


Dateline: 6:08 pm eastern time, 11/2/2009


The market opened higher on Monday, and after a quick
pullback from 1040.50 to 1034.00 the market reversed back up
and rallied nicely. However, after reaching 1049.50 the
market started to act toppy, and it rolled over and sold off
fast once the downside started. A steady trend down to
1026.00 was reversed and a decent bounce followed. That move
fizzled out after reaching 1035.00 on the ES and the market
fell again to test the lows. A double bottom was made at
1026.00 on the ES and the market rallied back. Updated
resistance at 1037.50-1038.50 was nailed, then a 5+ point
drop from 1037.50 to 1032.25 followed. A bounce to 1037.00
reversed and the ES dropped 5.50 points to 1031.50 with
about 30 minutes left, then buying/ short covering came in
and the market rallied into close.

There was really good movement in both directions on Monday.
Those Monday lows might have been the lows for a few days,
but the early action should be telling on Tuesday. There was
a potential rising wedge forming going into the Monday
close. A break below the 1032.00-1031.50 area would set up a
short on the bounce that follows. However, if that area is
held then the upside should continue.

In any case, at the moment the market looks like it might go
into a trading range, and the volatility should continue.
The internal gauges are just coming out of oversold
territory, but the Vix gave 4 buy signals at Monday's close.
The fact that the bulls made a good stand at the 1026 level
was a plus also. If the Monday lows on both the ES and YM
are broken, then a drop towards the 1015.00-1014.00 area
would be a test of what should be a major support zone,
unless this is more than just a decent correction.

On Tuesday look to short early strength that reverses, and
then if the market obliges look for the first decent
pullback to set up a buying opportunity if the 1032.00-
1031.50 area on the ES is reversed. If that is not quickly
reversed, then the Monday double bottom at 1026 will be in
jeopardy.



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

1040.00-1041.00
1046.50-1047.25
1049.50
1050.75-1051.50


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

1032.00-1031.50
1026.50-1026.00
1022.00-1020.50
1015.00-1014.00


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

1672.75-1673.75
1682.00-1682.75
1687.75
1689.25-1690.50


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

1660.50-1659.75
1650.50-1649.75
1644.25-1643.50
1637.75-1636.25


December 2009 Dow futures resistance
symbols: emini = ymz9

9746-9750
9792-9796
9812
9820-9825


December 2009 Dow futures support
symbols: emini = ymz9

9678-9675
9636-9632
9589-9585
9521-9518


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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 11/02/09

HOW OUR DAY WENT:

The market started the week with a
decent rally to start the day, but after reaching 1049
on the ES the action was toppy and the break of 1043
meant lower prices ahead. The ES dropped fast to 1026
and the re-test and reversal was good for a quick trade
on the long side. Updated resistance at 1037.50-1038.50
was nailed, then a 5+ point drop from 1037.50 to 1032.25
followed. The a bounce to 1037.00 reversed and the ES
dropped 5.50 points to 1031.50 with about 30 minutes
left before the close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/01/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 1 / 2009

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 11/1/2009


The market opened lower on Friday and under the 1058.75-
1057.50 initial support on the ES, so the short side was the
better side when the bounces stalled/reversed. The market
had a volatile first 30 minutes, but the ES could only
bounce to Thursday's closing range and from a 1061.50 high
the market dropped fast. There was a bounce from 1051.50 on
the ES, which was a bit over the 1050.50 support, but that
fizzled as it reached 1056.00 and then the market rolled
over and traded steadily lower. After the ES reached
1031.00, there was a 9.75 point bounce and that fizzled at
1040.50, and it set up another shorting opportunity. The ES
dropped to a new low at 1029.50 and then bounced back 8.75
points to 1038.25. That also stalled and reversed and the
market fell again to test the 1029.50 low before the close.

There isn't much good to say about the current price action.
Starting with the topping action from 2 weeks ago, which
turned into a solid downtrend, all of the bounces have set
up shorting opportunities. After breaking a rising wedge
pattern on Wednesday, the SP500 cash broke its channel on
Friday. The other averages are in the same shape. It will
take some work to fix that damage.

The internal damage started before the prices started
caving. The intermediate term internal gauges still look
poor, but the short term gauges are at an interesting place.
The extremes seen at the Tuesday and Wednesday closes were
at near historic oversold levels. That was worked off some
with Thursday's oversold rally, but still is oversold. The
sentiment, so very complacent a week and a half ago at the
top, has gotten a bit too bearish too fast now. The Vix
jumped almost 24% on Friday, as some fear was finally
generated on Friday. Those kind of huge jumps tend to be
reserved for major trading bottoms. Also, the closing Trin
was 2.98 on Friday. Normally a closing Trin at 3.00 or
higher sets up a good rally within 7 trading hours.

So, the market is in a similar position as it was last
Wednesday. The market got hurt on the last day of the month,
after a very good oversold rally on Thursday. At this
juncture, it will take a break and hold over the initial
resistance areas to change the intraday trends. Unless/until
that occurs, the bounces will not stick. Should the ES get
legs and rally 26 points like it did from the Wednesday low,
then the 1056.00-1056.50 area would be tested and then the
market would get hammered again. If the Friday double bottom
isn't held, then the 1019.95-1018.00 area on the SP500 cash
and/or the 1015.00-1014.00 area on the ES would be the key
support area. If that isn't reversed, then a drop towards
the 1008.00-1007.00 area on the ES could be in the cards.
Should that area fail to hold, a revisit of the high 900's
will become likely before this drop gets itself turned
around.



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

1038.25-1039.00
1042.25-1043.00
1046.50-1047.00
1050.75-1051.50
1056.00-1056.50
1062.75-1064.00 **major


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

1029.50-1028.50
1022.00-1020.50
1015.00-1014.00
1008.00-1007.00


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

1674.75-1677.00
1681.00-1682.00
1689.25-1690.50
1696.75-1697.50
1705.75-1706.50
1711.75-1713.00 **major


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

1660.00-1658.50
1650.25-1649.50
1640.75-1639.75
1632.00-1630.50


December 2009 Dow futures resistance
symbols: emini = ymz9

9710-9716
9739-9743
9786-9791
9810-9816
9851-9856
9914-9922 **major


December 2009 Dow futures support
symbols: emini = ymz9

9634-9629
9568-9562
9498-9492
9345-9336


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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 10/29/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 29 / 2009

(Published Since 1996)

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


Dateline: 6:43 pm eastern time, 10/29/2009


The market opened higher on Thursday, then the ES dropped
4.75 points from 1049.50 to 1044.75 and then the market
turned back up. The ES then broke and held over the 1045.75-
1046.00 area and rallied to 1054 before backing off. Another
drop of 5 points held, and the ES grinded higher to 1060.50
by early afternoon. The move reversed, but it held at the
upslope 20 period ema on the 5 minute chart and ran up to
1064.00 before a pullback occurred. It was a 5.25 point drop
and then the market rallied back into the close.

By being able to hold the channel line across the 8-17, 9-
02, and 10-02 lows, and being at oversold extremes, all the
market needed was a spark to have a nice rally and that came
in the form of a good GDP number on Thursday. However, the
market has had 3 basically trend days this week, so it will
be a surprise if another trend day occurs on Friday. The
market is still a bit oversold, and the trends are up, so
unless the initial support areas are broken the market
should be okay. If those are broken, then the market will
either be a volatile 2-sided day, or a decent selloff day.

So, look for early strength to set up a shorting opportunity
on Friday. If that sets up in the first 40 minutes and the
market then has a decent pullback, that needs to hold, or
quickly reverse from the initial support areas. If it does,
that will set up a buying opportunity. Otherwise, if that
support is broken, the market will be a better shorting
opportunity when the bounces stall/reverse.



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

1064.00-1065.00
1068.00-1068.50
1070.25-1072.00
1075.50-1076.25


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

1058.75-1057.50
1054.00-1053.50
1050.00-1049.25


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

1713.00-1714.00
1718.00-1718.50
1723.25-1724.50
1728.50-1729.50


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

1704.00-1703.25
1698.50-1697.75
1694.00-1692.50


December 2009 Dow futures resistance
symbols: emini = ymz9

9922-9929
9963-9967
9984-9992
10027-10032


December 2009 Dow futures support
symbols: emini = ymz9

9868-9861
9839-9835
9813-9808


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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 10/26/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 26 / 2009

(Published Since 1996)

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

Dateline: 6:33 pm eastern time, 10/26/2009

The ES broke over 1078.50 shortly after the open on Monday,
then held it on a pullback, and a rally to the 1086.75-
1087.50 zone followed. The ES reached 1088.50 then dropped,
and then the bounce to 1087.50 reversed. That set up a 1-2-3
top, and when the 1083 level broke, the market went into
free-fall. The ES fell to 1061.25 with 30 minutes left, and
then rallied back about 6 points in volatile trading into
the close.

The ES broke the bottom of last week's range, as the topping
action continues. The short term gauges are getting
oversold, so a bounce could start at any time now as long as
the ES can stay over the 1061.75-1061.25. A break and hold
over the initial resistance can cause a bit of a short
squeeze. Just don't fall in love with the long side, as
bounces are still going to be sold when they run out of
steam. The first big hurdle would be the 1071.50-1072.50
zone on the ES. That's where the break-down occurred, and
should be pivotal. If we do get a decent rally back to the
1076.50-1077.25 zone and it stalls out, that could set up a
good shorting opportunity.

On Wednesday look for early weakness to set up a trade on
the long side if there is a reversal that starts within the
first 40 minutes of trading. If that occurs, then the first
good resistance is around the 1071.50-1072.50 zone on the
ES. The market is still weak unless/until that area is
exceeded. If those are not reversed then the 1076.50-1077.25
zone would be a key resistance. If the ES cannot hold the
1061.75-1061.25 zone, then a drop to the 1056.75-1054.50
zone will reverse if the market is not falling apart.

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

1067.50
1071.50-1072.50
1076.50-1077.25
1084.50-1085.00


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

1061.75-1061.25
1056.75-1054.50
1045.75-1044.75


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

1750.25
1754.50-1755.50
1760.50-1761.50
1769.75-1770.75


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

1740.75-1740.00
1734.50-1733.00


December 2009 Dow futures resistance
symbols: emini = ymz9

9855
9887-9890
9934-9937
9993-9998


December 2009 Dow futures support
symbols: emini = ymz9

9798-9793
9753-9749

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.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

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

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

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

TradeStalker's RBI Update 10/22/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 22 / 2009

(Published Since 1996)

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


Dateline: 6:43 pm eastern time, 10/22/2009

The market opened higher on Thursday and that was sold and
the ES dropped from 1080.50 to 1070.25 in the first 35
minutes of trading. The reversal started a good move back,
but the ES had some trouble at 1080.50 again. A pullback
held at 1076.25, and then the move was basically trend-up
into the last 40 minutes of trading. After reaching the
1092.25 level (the 1091.75-1092.25 was last listed
resistance) the ES backed off 4.75 points to 1087.50 before
firming into the close.

The trends and momentum are both back in favor of the bulls
at the moment. however, if the market rallies up to a lower
high and reverses on this move up, then a bigger picture 1-
2-3 type of top could form up here. The market went from
very overbought coming in to the week, to modestly oversold
on Wednesday, and now back to neutral at the moment. The Vix
dropped to a new low for the year, and if that drops much
further and then reverses, it would be a red flag. In any
case, for now the trends remain bullish as long as the
1087.00-1086.50 area on the ES can hold. If that zone is
broken, and not quickly reversed, then things are likely
changing.

We will get the Existing Home Sales number on Friday at
10am, and it could be a market mover. If there is early
strength, and the move reverses from a test of the 1091.75-
1092.25 zone on the ES, that could start a decent pullback.
If that pullback can hold at the initial support areas, then
the market will be in decent shape for a possible run
towards the 1098.50 high. If that zone is not held, then
odds are good that the market either drops pretty hard or
just chops within a range. If the ES falls to the 1076.75-
1076.25 area, that would be a good spot for a reversal if
the market is in decent shape, and not topped out.

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

1091.75-1092.25
1094.50-1095.50
1098.00-1098.50
1102.50-1104.00


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

1087.00-1086.50
1080.25-1079.25
1076.75-1076.25
1072.75-1072.00
1070.25-1069.75

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

1766.00-1766.50
1769.75-1770.50
1775.25-1776.50

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

1758.75-1758.00
1751.75-1751.00
1748.50-1747.75
1743.50-1742.50
1738.50-1737.50

December 2009 Dow futures resistance
symbols: emini = ymz9

10053-10057
10068-10073
10103-10109

December 2009 Dow futures support
symbols: emini = ymz9

10015-10012
9968-9964
9936-9933
9866-9862
9832-9828

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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed
TradeStalker.com

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

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

Disclaimer

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

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

Today's Trading Recap: 10/22/09

HOW OUR DAY WENT:

The higher open was a short and the
ES dropped 10 points to 1070.25 and quickly reversed.
We were looking for a reversal to the upside to occur
in the first 40 minutes, and that happened about 30
ninutes into the day. The market was a lot stronger
than expected, and we got caught on one shorting attempt,
but then found support to buy on the way to the the
1091.25-1091.75 area on the ES and 1766.00-1766.50
resistance area on the NQ.

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)