TradeStalker's RBI Update 04/21/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 21 / 2010

(Published Since 1996)

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

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

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

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

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

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

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

1202.50-1203.00
1205.00
1207.50-1208.50


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

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


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

2029.50-2030.00
2033.75
2037.75-2038.50


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

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


June 2010 Dow futures resistance
symbols: emini = ymm0

11071-11074
11086
11097-11101


June 2010 Dow futures support
symbols: emini = ymm0

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

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 04/16/10

HOW OUR DAY WENT:

We came in to Friday expecting a decent
sized drop, potentially to the 1192.50-1191.50 zone. The ES
had a gap down open, and that was bought and the ES bounced
to 1206.00 and stalled/ reversed. The ES dropped to 1200.00
and bounced back, but double top at 1206 resistance gave us
a re-entry just before the Goldman news and the ES dropped
13.50 points to the 1192.50-1191.50 zone before any kind of
bounce occurred. Members were told to stay with the short
side, and the ES dropped 13 points from 1197.75 to 1184.50
before reversing with a bit of gusto. After getting to 1193.50,
a pullback reversed from just under the 1188.50 support, but
made a double top at 1193.50 before the close. The volatility
picked up, meaning more opportunities ahead.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com


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

TradeStalker's RBI Update 04/15/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 15 / 2010

(Published Since 1996)

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


Dateline: 6:44 pm eastern time, 4/15/2010

Early weakness was bought on Thursday and the ES rallied to
the 1210.50 resistance level. The move stalled out there,
then broke down and dropped 6 points to 1204.50. That was a
bit over the 1203.50 support, and the market bounced back to
test its highs. With the ES making a double top at the
1210.50 resistance while the NQ did the same at its 2036.50-
2037.50 resistance, another drop followed and then the
market firmed into the close.

The market is acting a bit toppy, and despite closing at new
highs for the year the breadth on the NYSE was negative.
Sentiment is getting frothy. The 10 day put/call ratio for
index options reached .45, the lowest level in more than 18
months. The Vix did not make a lower low despite closing
higher on Thursday. At the least, it looks like volatility
should pick up.

The market has been able to bounce after every pullback/
selloff lately. However, the 1210.50 level on the ES and
2037.75 level on the NQ were rejected twice on Thursday. I'm
sure that late longs would like to see that price again to
get whole, and those looking to short see that as a good
resistance to sell against. IF those are exceeded, and then
held on a pullback, it could cause a last gasp rally towards
the 1229-1233 zone. That appears to be a long shot at this
time.

If the market bounces early on Friday, it should set up a
very good shorting opportunity if the initial resistance at
the 1209.75-1210.50 zone on the ES and/or 2037.00-2037.75
zone on the NQ is tested and the move stalls out. If that
plays out, then a pullback needs to near the 1192.50-1191.50
zone on the ES. If that zone is broken, then odds that a top
of some sort being in place goes up, and the bounces will
not stick. If the market drops back to that area, but holds
and turns back up, then another decent rally should follow.
On the top side, if the initial resistance is broken and
held, then it could cause a final melt-up towards the 1229-
1233 zone.


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

1209.75-1210.50
1212.00-1212.50
1217.50-1218.00

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

1206.50-1205.50
1200.50-1199.50
1096.00-1195.50
1192.50-1191.50

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

2037.00-2037.75
2040.75-2041.50
2046.75-2048.00

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

2030.50-2029.50
2024.50-2024.00
2016.00-2015.00
2006.00-2005.25

June 2010 Dow futures resistance
symbols: emini = ymm0

11099-11104
11122-11125
11174-11178

June 2010 Dow futures support
symbols: emini = ymm0

11072-11068
11012-11009
10982-10978
10955-10951

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

REMINDER:

Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 04/12/10

HOW OUR DAY WENT:

We had a perfect set-up per the Sunday
night update. As stated:

"...early strength on Monday should set up a very good
shorting opportunity as soon as the move stalls/ reverses,
and that could occur from the 1194.25-1195.00 zone."

The ES popped up to 1194.75 in the first 20 minutes, stalled,
then dropped 4 points to 1190.75. Per usual of late, buyers
stepped in and the market bounced, but it had no gusto and
shorts offered the better opportunity late day as the ES
dropped to 1191.00 and the NQ dropped to 1989.75 just before
they closed.

Good Trading,
Mike Reed
TradeStalker.com

Today's Trading Recap: 04/07/10

HOW OUR DAY WENT:

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

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 04/06/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 6 / 2010

(Published Since 1996)

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

Dateline: 6:36 pm eastern time, 4/6/2010

The ES reversed from the 1177.50-1176.75 support zone just
before stocks opened on Tuesday, and then from a 1178.25 low
on the open, a bounce to the 1184.50-1186.00 initial
resistance zone was reached. From 1184.50, the ES only
pulled back to the 1182.25 updated support, and then it
broke/held 1184.50 on the way to 1188.00. That was straight
up, and it reversed and fell back to new support at 1184.50
by the 4pm close for stocks. The ES finished on an upswing
while the NQ ended on a downswing as the market ended the
day a bit mixed.

My short term indicators are at overbought extremes. Also,
the Vix went to its lowest level since the fall of 2007. The
Dow cash just missed the 11k mark on Tuesday, and that may
need to wait for a bit. If the initial support areas are
broken on Wednesday, then a steeper drop should be in the
cards.

If there is a decent pullback, it will need to hold around
the 1177.50-1176.75 zone on the ES. If that area is not
reversed, then more than just a pullback is underway. A
decent sized drop could go for the 1174.75-1174.00 zone if
we have a normal pullback. If the market gets down there,
and is not reversed, then the 1167-1166 area would be a
major support zone short term.

So, if there is early strength and there is a test of the
Tuesday highs, or a lower high than the Tuesday highs and
the move reverses then it should set up a good shorting
opportunity. If the market obliges and we drop through the
initial support areas, then pressure should be on. The
1182.50-1082.00 would need to be quickly reversed if tested,
otherwise that 1177.50-1176.75 zone on the ES could be a
magnet to pull the market down.


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

1186.00-1186.50
1188.00
1189.25-1190.25
1193.50-1194.00

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

1184.50
1182.50-1082.00
1177.50-1176.75
1174.75-1174.00
1170.50-1170.00


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

1981.00-1982.00
1985.75
1987.50-1988.50
1994.50-1995.25

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

1977.50
1973.75-1973.00
1966.25-1965.50
1962.50-1961.75

June 2010 Dow futures resistance
symbols: emini = ymm0

10917-10920
10927
10941-10944
10964-10968

June 2010 Dow futures support
symbols: emini = ymm0

10904
10896-10892
10880-10877
10864-10860


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

REMINDER:

Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 04/06/10

HOW OUR DAY WENT:

The ES reversed from the 1177.50-1176.75
support zone just before stocks opened on Tuesday, and then
from a 1178.25 low on the open, a bounce to the 1184.50-
1186.00 initial resistance zone was reached. From 1184.50,
the ES only pulled back to the 1182.25 updated support, and
then it broke/held 1184.50 on the way to 1188.00. That was
straight up, and it reversed and fell back to new support
at 1184.50 by the close.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 03/31/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 31 / 2010

(Published Since 1996)

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

Dateline: 6:56 pm eastern time, 3/31/2010

A lower open was bought on Wednesday, but the bounce didn't
stick and the ES dropped from 1167.00 to 1161.25 in the
first 25 minutes of trading. The move then reversed back up,
and the ES rallied back to 1170.50 before pulling back. A
bounce back to 1170.50 was rejected again, and then a 1-2-3
top formed and the market headed lower in a hurry. The
market dropped to test the early lows then reversed with 15
minutes left in stock trading (30 left for the futures) and
rallied back into the close. The settlement price is because
of the stupid "quarterly settlement at fair value".

NOTE: There will be intraday updates on Thursday,
but the next nightly update will be sent on Sunday
night. We wish you a great Easter Day weekend.
Travel safely.

The market has been acting toppy, but buyers step in at the
bottom of the current range and run the market up. The
action on Thursday should be choppy in front of the
Employment numbers that come out on Friday morning. The
expectations for a "good" number are high, so it must not
disappoint or the market might not let stock owners out
gracefully.

In any case, the rally from the lows in the last 15 minutes
of stock trading kept the market in a trading range, and
also left a "W" bottom on the charts. The market is bullish
unless those lows are broken, and then not easily or quickly
reversed. The 1170 area has been reversal territory lately,
but if the 1170.50-1171.00 zone on the ES is not rejected,
then we could see the 1176.00-1176.50 zone tested one more
time before a reversal. So, the first big hurdle would be
getting over the 1170.50-1171.00 zone and holding. Another
failure there could be a set up for a sharp drop.

If the market gets over that zone and holds it, then the
1176.00-1176.50 zone could be in the cards. If the market
gets there and does *not* reverse, then a surprise move back
towards the 1225-1230 area might be possible IF the market
goes into a melt-up mode. Given how anxious the market acted
while it was briefly above the 1170 level, that kind of move
would be a huge surprise. A reversal from near the old high
at 1176 appears to be better odds if the market gets there.

The Employment number is on Friday and the support/
resistance tables expand beyond the current range in case
that breaks the market out of this range.

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

1168.00-1168.50
1170.50-1171.00 **range high
1173.25-1173.75
1176.00-1176.50 **major
1181.50-1182.50


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

1165.50
1163.00-1162.50 **range low
1159.50-1157.75
1156.50-1155.75
1152.00-1151.50
1148.50-1147.75 **major


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

1961.75-1962.50
1967.00-1967.50 **range high
1971.50-1972.50
1976.75-1977.25 **major
1982.00-1983.00


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

1955.50
1952.50-1951.50 **range low
1944.25-1942.50
1939.25-1938.50
1934.25-1933.50
1924.25-1922.25 **major


June 2010 Dow futures resistance
symbols: emini = ymm0

10825-10828
10843-10846
10875-10879
10894-10898
10922-10925


June 2010 Dow futures support
symbols: emini = ymm0

10800
10775-10771 **range low
10753-10747
10738-10732
10697-10694
10638-10633 **major


CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 03/21/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 21 / 2010

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 3/21/2010


Last Thursday night I stated "if there is early strength it
would be a gift for an entry on the short side." The ES
gapped up on Friday's open, then reversed from 1165.00
(right at the 1165.25-1165.50 zone) and immediately headed
lower. That gap open at resistance was a great reward/ risk
entry on the short side, and then after breaking the key
1158.00-1157.50 support, that area turned into resistance on
a bounce. From there it was a trend down move as the ES
reached 1152.00 around 11:15 am. The market quieted down in
thin trading, with the ES bouncing between 1152.50 and
1156.00 going into the last hour. A drop to new lows for the
day occurred in the last hour, and once again the market was
able to spring right back up to close in an uptrend.

With less than 25 minutes left in stock trading on Friday,
the market was on the verge of ending on a bearish note.
However, either quarterly expiration imbalance or a lot
looking at last Tuesday's Fed release low area as a buy zone
stopped the drop and started a run from 1150.25 up to
1156.75 by the close. We'll see if that is sustainable early
in the week. All of the short term gauges are in neutral
ground now. The Vix reversed and closed higher on the day,
but not over the 17.23 level that looks important there. It
did, however, give 3 of a possible 5 different sell signals
at Friday's close.

It looks like the market could go range bound, though the
upside will likely have a hard time holding on to its gains.
If there is early strength on Monday, it should set up a
shorting opportunity as soon as the upside stalls out and
begins to reverse. A pop that reverses from the 1157.25-
1158.25 area means the market is still weak and the initial
support, at least, will be tested. If the Friday lows are
retested and can hold, then another decent bounce can occur.
However, if the 1149.00-1148.50 area is broken and the
market doesn't make a fast U-Turn similar to late Friday
then the downside could gather a bit of steam.

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

1157.25-1158.25
1162.00-1163.00
1165.25-1165.50
1168.00-1168.50


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

1154.00-1153.50
1150.25
1149.00-1148.50 **major
1145.50-1145.00


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

1934.50-1935.50
1939.50-1940.25
1947.50-1948.00
1951.50-1952.50


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

1927.50-1927.00
1922.25
1917.00-1916.00 **major
1912.50-1912.00


June 2010 Dow futures resistance
symbols: emini = ymm0

10696-10702
10722-10727
10753-10757
10780-10784


June 2010 Dow futures support
symbols: emini = ymm0

10662-10658
10632
10624-10619 **major
10581-10578


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

REMINDER:

Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 03/10/10

HOW OUR DAY WENT:

The ES rallied to the 1147-1148 area and
was rejected twice... first a 9.75 point drop, then a 6.00
point drop in the afternoon.

Good Trading,
Mike Reed
TradeStalker.com

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

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

TradeStalker's RBI Update 03/09/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 9 / 2010

(Published Since 1996)

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

Dateline: 6:26 pm eastern time, 3/9/2010

The gap down open reversed from 1034.00 on the ES and
immediately turned back up on Tuesday. The rally took the ES
back over the 1139.50-1140.00 area which caused a squeeze
back towards its old high in a steep trend up move. After
reaching 1145.25, another small dip followed. After the dip,
a bounce back to a lower high reversed, setting up a 1-2-3
top, and the ES cut through 1142 support in the process.
After that break, a small bounce stalled and reversed from
1141.75, and then the ES dropped to the 1136.25 level with
just over 30 minutes left in stock trading. Buying/short
covering brought the futures back towards the 1142
resistance and settled over fair value.

The rally was a surprise on Tuesday, as it looked like a
test of the Monday low areas would bring in selling. Still,
the market has not been able to hold its gains and it also
has refused to break down so far. So, it looks like we will
get more two-sided action as long as the Tuesday afternoon
lows are defended. If they are broken, then any rally back
towards the Tuesday closes should be reversed then if the
market is weak. If the market somehow is able to put
together a good rally that takes the SP500 above the January
high of 1150.45, then there is a long-shot chance of seeing
the 1154 area on the SP500 cash, which would be a key hurdle
for this leg higher.

So, look for early strength to be sold on Wednesday. If we
get that, then an early drop towards the initial support
areas must be reversed. If it is not, then a roll over could
be underway. However, if a reversal back up from that
support plays out, the market should have trouble breaking
and staying over the 1141.50-1142.00 area on the ES.
However, if that area is not reversed on a bounce, but
instead broken and held on a pullback, then a move to test
the January high on the SP500 cash could be in the cards.

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

1141.50-1142.00
1144.75-1145.25
1147.00-1148.00


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

1136.25-1136.00
1133.00-1132.50
1126.50-1126.00
1123.50-1123.00


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

1903.75-1904.25
1910.00-1911.00
1914.75-1915.50


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

1894.00-1893.50
1887.50-1887.00
1882.50-1881.50
1874.50-1873.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10570-10574
10602-10606
10624-10631


March 2010 Dow futures support
symbols: emini = ymh0

10533-10530
10514-10511
10440-10436
10423-10419

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 03/09/10

HOW OUR DAY WENT:

The gap down open reversed from 1034.00 on
the ES and immediately turned back up on Tuesday. The rally
took the ES back over the 1139.50-1140.00 area which caused
a squeeze back towards its old high in a steep trend up move.
After reaching 1145.25, another small dip followed. After the
dip, a bounce back to a lower high reversed, setting up a 123
top, and the ES cut through 1142 support in the process. After
that break, a small bounce stalled and reversed from 1141.75,
and then the ES dropped to the 1136.25 level with just over
30 minutes left in stock trading.

Good Trading,
Mike Reed
TradeStalker.com

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

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

TradeStalker's RBI Update 03/08/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 8 / 2010

(Published Since 1996)

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

Dateline: 6:31 pm eastern time, 3/8/2010

The market opened higher on Monday and the ES ran up to
1040.50 before a dip. After that dip, a bounce to 1140.00
failed and it set up a 123 top. A pullback to 1136.00
followed. That was just over the initial support at 1135.50-
1135.00 and a bounce back to 1140.00 was next. The moves
couldn't stick with the market so overbought, and a drop to
test the lows occurred just before the futures settled.

The market is still overbought. The Vix reversed, and that
gives another sell signal. The ES traded in a very small
4.50 point range, and the combination should mark a short
term top, or a least more downside before we get a rally
that can sustain itself.

So, look for early weakness to be reversed for a scalp long,
but the better opportunities will be on the short side when
bounces on fizzle on Tuesday. If the ES can get over the
1139.50-1140.00 area, and not quickly reverse, then it's
possible for a squeeze higher. However, that was rejected 3
times on Monday and it appears that will be a tough barrier
to break through.


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

1139.50-1140.00
1141.50-1142.00
1146.50-1147.00

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

1135.50-1135.00
1133.00-1132.50
1126.00
1123.50-1123.00

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

1890.00-1890.75
1894.75-1895.50
1902.00-1903.00

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

1886.50-1886.00
1883.00-1882.00
1874.50-1873.50
1868.50-1867.50

March 2010 Dow futures resistance
symbols: emini = ymh0

10561-10565
10581-10584
10616-10620

March 2010 Dow futures support
symbols: emini = ymh0

10532-10528
10514-10511
10440-10436
10423-10419

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 03/03/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 3 / 2010

(Published Since 1996)

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

Dateline: 7:55 pm eastern time, 3/3/2010

The early strength was sold on Wednesday, and then the first
pullback held just over Tuesday's close and turned back up.
After reaching 1125, a 1-2-3 top formed and that was it for
the rally. Then when 1123 broke, the ES went to the 1120.50
updated support and bounced. However, the pressure was still
on under 1123.00, and after twice rejecting 1122.75, the ES
rolled over and fell to 1115.50. We were staying with shorts
down to 1115, but per instant message we locked in profits
on day trades around 1116 and stepped aside.

On Thursday we get Initial Claims before the open and then
Pending Home Sales at 10 am. The market was unable to hold
its gains on Wednesday, and by the look of things they won't
be able to on Thursday either. The 1115.50-1115.25 area will
need to be defended on a pullback for the market to stay in
a trading range. If that area is not quickly reversed, along
with the NQ at its 1846.50-1845.75 support, then the market
will be breaking down. On the upside, the 1120.00-1120.50
area on the ES would need to be exceeded, and then held on a
pullback, to get out of potential trouble on Thursday.
However, if that area is not held, then the market will
continue to offer better opportunities on the short side.

So, for now the bounces should set up good shorting
opportunities as soon as the upside stalls out, or rejects a
resistance zone. On the downside, if the ES sells off to
test the 1115.50-1115.25 area and turns back up, it should
be worth a scalp trade on the long side. Just be careful not
to load up on any position just yet. If the ES slides down
to the 1112.00-1111.25 area and stalls or reverses, that
could give a decent trade on the long side as shorts cover
at a formerly strong resistance area.

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

1119.75-1120.50
1124.50-1125.00
1127.50-1128.00


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

1115.50-1115.25
1112.00-1111.25
1107.00-1106.50
1104.25-1103.50


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

1853.50-1854.25
1861.75-1862.25
1867.50-1870.00


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

1846.50-1845.75
1842.50-1841.75
1836.50-1835.50
1827.00-1825.25


March 2010 Dow futures resistance
symbols: emini = ymh0

10408-10412
10455-10458
10482-10486


March 2010 Dow futures support
symbols: emini = ymh0

10369-10364
10338-10334
10289-10284
10258-10253

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 03/03/10

HOW OUR DAY WENT:

The early strength was sold, and then
the first pullback held just over Tuesday's close and
turned back up. After reaching 1125, a 123 top formed and
the group was told to short. Then when 1123 broke, the ES
went to the 1120.50 updated support. The pressure was still
on under 1123.00, and after twice rejecting 1122.75, the
ES rolled over and fell to 1115.50. We were staying with
shorts down to 1115, but per instant message we locked
in profits on day trades around 1116 and stepped aside.

Good Trading,
Mike Reed
TradeStalker.com

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

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

TradeStalker's RBI Update 03/02/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 2 / 2010

(Published Since 1996)

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

Dateline: 7:26 pm eastern time, 3/2/2010

The 1121.50-1122.50 area on the ES was rejected shortly
before stocks opened and the early strength was sold as the
ES dropped 4.50 points to 1116.25 before turning up. That
first decent pullback was reversed, and a tepid buy-up to
the 1121.50-1122.50 area followed. At 1:55 pm (with the
market at its highs) I gave a lot of reasons to avoid longs
via Instant Message, and after taking out 1119 that level
turned into resistance as the market gave back its gains.
The ES reached 1105.25 to fill the gap on the daily chart
then bounced a bit into the close.

The futures topped out at a good resistance area on Tuesday,
and now the market is getting short term overbought again.
The McClellan oscillator reached +199, and my 3 day Thrust
oscillator reached +.62. in addition to that, the Vix gave 2
sell signals at Tuesday's close. This should tilt the odds
in favor of selling strength on Wednesday. We will get the
Fed's Beige Book release at 2 pm on Wednesday and then the
volatility should begin.

If the market opens higher look for that to set up a trade
on the short side. A weak market would be sold from the
1118.50-1119.25 area on the ES. If that plays out, then a
drop that reverses from the 1112.00-1111.25 area on the ES
could set up a trade on the long side. If that occurs, don't
overstay that side as the upside appears to be very limited.
A decent bounce that fizzles out near the Tuesday highs
should be sold if the indicators are not a day early. If the
Tuesday highs are tested and rejected, then a good sized
drop could come from that. If the Tuesday highs are easily
exceeded, then a run up to the 1126.50-1128.00 area could
occur before any attempt to reverse directions occurs.

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

1118.50-1119.25
1122.00-1122.75
1126.50-1128.00


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

1115.25
1112.00-1111.25
1107.50-1106.50 **strong, key
1104.25-1103.50


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

1853.50-1854.25
1861.75-1862.25
1867.50-1870.00


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

1846.50
1842.50-1841.75
1836.50-1834.75 **strong, key
1827.00-1825.25


March 2010 Dow futures resistance
symbols: emini = ymh0

10408-10412
10436-10440
10486-10494


March 2010 Dow futures support
symbols: emini = ymh0

10377
10369-10364
10322-10319 **strong, key
10301-10297

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 02/23/10

HOW OUR DAY WENT:

The ES opened lower and turned up, giving
a quick bounce from 1102.75 to 1107.50 in the first 25
minutes. That was just under the initial resistance at the
1108.00-1108.00 zone and set up a shorting opportunity. A
fast drop took the ES to 1093.50 before bouncing, which was
at the 1093.75-1093.00 zone. A bounce was reversed at 1098.00
old support and dropped to a 1090.25 low by 2pm. A move back
to updated resistance at the 1097.50-1098.00 area followed.
A 5 point drop to 1092.25 followed, then the ES ran up and
settled right at the 1097.50-1098.00 resistance zone.

Good Trading,
Mike Reed
TradeStalker.com

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

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

TradeStalker's RBI Update 02/15/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 15 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 2/15/2010

We were looking for early weakness to set up a buying
opportunity last Friday, and the ES opened 11.50 points
lower and dropped to the 1061.50-1060.50 zone before
reversing. From a 1060.25 low the ES rallied to 1067.25,
then pulled back to updated support at 1062.25 and rallied
nicely to 1075.00. A drop held right over the updated 1065
updated level then rallied to 1076.00. After that failed,
new support at 1068.00 was tested and reversed in the last
330 minutes, and that started a rally back to 1079.50 at the
close. In the afternoon, all 3 of the big swings to the
upside started from a support zone. Two of those failed just
below the 1077.00-1078.00 key resistance, and the last one
rallied through that zone by 1.50 points just before
settlement.

The intermediate term indicators are beginning to shape up,
but are at a spot where the market needs to take off with
good internals to keep those indicators from rolling over.
However, the short term gauges are still about a day from
some short term overbought condition. If the Vix continues
to drop, and goes under 21.03 on Tuesday, then a reversal
would likely generate a few Vix sell signals.

The daily and intraday charts are in channel right now.
There has been plenty of volatility, but the market closed
out the week on the up-side. Each drop under 10,000 on the
Dow cash has been reversed, and the channel will still hold
as long as Friday's last hour lows are not broken. If they
are broken, and the market cannot bounce right back, then it
could lead to a rush for the exit door.

We should get more good volatility. The Friday action was
*very* much a two-sided trading day. The ES made these
swings of 4+ points intraday on Friday:

1060.00
1067.25 +7.25
1062.25 -5.00
1075.00 +12.75
1065.50 -9.50
1076.00 +10.50
1068.00 -8.00
1079.50 +11.50

Tally the points up using the 4 point swing criteria and
that gives a 64.50 point travel range for the ES on Friday!!
There were 42.00 points on the long side and 22.50 points on
the short side, so we can't complain about a lack of
volatility.

On Tuesday look for a shorting opportunity if the market
opens higher and reverses from near the 1081.50-1082.00
area. If that plays out, then the first decent pullback
should set up a good buying opportunity as long as the
1068.50-1068.00 zone on the ES is defended. As long as that
area is held, then the pattern of higher lows will continue.
If the 1068.50-1068.00 area is broken, and not quickly
reversed, then it's a change of character and then the next
bounce would then set up a shorting opportunity on a move
that stalls out under whatever the prior high happened to
be.

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

1081.50-1082.00
1085.50-1086.25
1090.50-1091.25


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

1072.50-1072.00
1068.50-1068.00
1065.00
1061.00-1060.00
1057.25-1056.25


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

1786.00-1786.75
1792.25-1793.50
1798.75-1800.50


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

1776.50-1775.75
1772.50-1771.75
1766.50
1758.50-1757.25
1749.50-1748.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10127-10132
10167-10172
10208-10214


March 2010 Dow futures support
symbols: emini = ymh0

10058-10053
10020-10016
9999
9956-9951
9932-9927

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 02/11/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 11 / 2010

(Published Since 1996)

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

Dateline: 6:49 pm eastern time, 2/11/2010

The ES opened lower on Thursday and after a tiny pop the ES
dropped from 1064.25 down to 1057.50 in the first 20 minutes
of trading. The market reversed course and rallied back to
just over the 1066.25 resistance area before pulling back.
The ES reversed back up from updated support and then ran up
to the 1077.00-1078.00 zone. After reversing from 1077.75 on
the first attempt, the ES dropped 4 points to 1073.75 and
bounced back. The bounce then went to 1078.00 and quickly
reversed, and then it was chop between 1077.25 and 1073.50
going into the close.

The market is one decent up day from a potential trading top
by the look of things, and we could see the ES go for the
1081.50-1082.00 area (or higher if not rejected early)
before a decent pullback occurs. If that plays out, then a
decent sized pullback of 8-10 ES points would be likely if
the volatility is going to continue.

We get Retail Sales before the open on Friday. As long as
the initial support areas are held, the trends will remain
pointing higher. So, if there is early weakness it should
set up a good trade on the long side when it reverses. If
the ES doesn't show any sign of turning from the 1081.50-
1082.00 zone then we are likely headed back to a good
resistance zone up around the 1085.50-1086.25 area on the
ES. If that zone is reached, then beware of a reversal as
that is about as far as a rally should go unless the market
is super strong and headed back towards the 1090's.

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

1077.00-1078.00
1081.50-1082.00
1085.50-1086.25
1090.50-1091.25


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

1074.00-1073.50
1072.25
1068.50-1068.00
1061.50-1060.50
1057.25-1056.25


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

1778.00-1779.00
1784.00-1784.75
1790.25-1791.50
1798.75-1800.00


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

1770.75-1770.25
1768.00
1758.00-1757.50
1749.50-1748.50
1736.75-1736.00


March 2010 Dow futures resistance
symbols: emini = ymh0

10122-10129
10167-10172
10208-10211
10245-10249


March 2010 Dow futures support
symbols: emini = ymh0

10091-10088
10081
10049-10046
9977-9971
9932-9927


CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 02/08/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 8 / 2010

(Published Since 1996)

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


Dateline: 6:12 pm eastern time, 2/8/2010

After dropping from the 1063.75-1064.25 resistance just
before stocks opened on Monday, the ES was sold on the open
and fell to the 1056.25-1055.50 support zone.

As stated last night: "if a pullback can hold the
initial support, the up-trends will remain intact and
the market should head back up."

That was reversed and after getting over the 1063.50-1064.00
area the move continued to a 1068.50 high. After a small
dip, a 123 top set up from 1068.00 and the ES dropped to the
new support at 1064.00-1063.50 zone. A bounce failed at
1067.00 and that was it for the upside. The market rolled
over and all of the bounces failed as the ES went trend-down
to 1053.00 at the 4pm close for stocks.

The early rally off of a good support area was sold on
Monday, and for the second half of the day it was all down
hill. After the Friday run-up, that was not impressive for a
follow-up. The market is back into oversold status, but for
now it looks like 2 sided action at best is in store for
Tuesday. The trends are all to the downside unless the
initial resistance zones are exceeded and held on a
pullback. Even then, the market has its work cut out for it
to put together a rally that can hold.

On Tuesday look for early weakness to reverse to set up a
quick trade on the long side. If that plays out, the initial
resistance should be watched for a reversal. If the 1059.50-
1060.25 area is not exceeded and held, then the bounces
still are not sticking and lower prices will be in the
cards. If the market gets hit with a hard selloff, then
watch the 1022-1021 area for a possible bottom for this leg
down.


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

1059.50-1060.25
1063.50-1064.00
1068.00-1068.50
1073.50-1074.00
1078.25-1079.00

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

1053.00-1052.50
1048.00-1047.50
1040.75-1039.50 MAJOR
1032.00-1031.50
1022.00-1021.00 Panic major area


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

1741.75-1743.00
1748.50-1749.50
1753.50-1754.50
1758.25-1759.00
1765.50-1766.00

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

1731.00-1730.50
1723.50-1722.50
1712.00-1710.75 MAJOR
1700.75-1699.75
1690.50-1689.50 Panic major area


March 2010 Dow futures resistance
symbols: emini = ymh0

9922-9925
9949-9953
9989-9992
10038-10042
10099-10103

March 2010 Dow futures support
symbols: emini = ymh0

9968-9865
9848-9846
9798-9791 MAJOR
9714-9709
9623-9618 Panic major area


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

REMINDER:

Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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