HOW OUR DAY WENT:
The ES turned down from the 1085.50-1086.25
resistance and dropped to the 1080-1079 updated support. The
ES then made a double bottom at 1079.50 and the reversal set
up a trade on the long side. After running up to 1087.00,
members were given new support at 1083 and the ES turned up
from 1083.25 and rallied to a new high at 1089.00. The market
then turned choppy but the dips held the 1086.50-1086.00 old
resistance turned new support, and then the ES rallied to the
1093.50-1094.25 updated resistance at 3:45pm and pulled back
to the pivotal 1092 before bouncing into the close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Showing posts with label emini dow. Show all posts
Showing posts with label emini dow. Show all posts
Thursday, February 18, 2010
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
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.
*************************************************
Thursday, February 11, 2010
TradeStalker's RBI Update 02/10/10
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 10 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 2/10/2010
The lower open was bought on Wednesday and the ES popped up
5.75 points to 1069.75 and quickly reversed. The early game-
plan worked nicely as the first bounce failed under initial
resistance and then the ES dropped to 1056.25 in trend down
fashion. The trend was reversed an hour into the day, and a
rally was pretty good, but it was stopped cold after a
direct hit of the 1071.50-1072.50 resistance zone. After a 6
point drop to 1065.25, we were re-entering a short on a
bounce towards 1069 and the ES rejected 1068.50 twice before
dropping 5 points to 1063.50. A bounce back to the 1066.00-
1066.50 followed, and it set up one last short as the ES
dropped from 1066.25 to 1063.00 just before settlement.
Once again the market was unable to hold its gains and
closed poorly. Also, the 1071.50-1072.50 resistance zone was
soundly rejected so that might be all there is for upside
potential at this time. The ES was feeling comfortable
around the 1066 area, having opened and settled at 1106.50
and 1066.25 on Tuesday. The Wednesday open was at 1065.75
and the ES was right there at the 4 pm close for stocks. The
fact that they dropped into settlement looks like a tip-off
for more weakness ahead.
On Thursday look for the same pattern of early weakness
being bought, and if that plays out then the first decent
bounce should set up a good shorting opportunity as long as
the move fails under the initial resistance zones. If that
1066.25 area is not rejected, then a test of that 1071.50-
1072.50 zone would be key to how strong, or weak, the market
is. On the downside, if the Wednesday low areas at 1056.50-
1056.00 on the ES and 1739.25-1738.50 on the NQ are tested,
and not quickly reversed, then this move lower could gather
some steam. It would open the door to re-visit the 1048.00-
1047.50 area on the ES before any kind of reversal attempt.
If the market gets down there, it must rebound sharply
otherwise we will be back to testing the major support that
this publication nailed last Friday at the 1044-1042 area on
the SP500 cash.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1066.25
1068.00-1068.50
1071.50-1072.50
1077.00-1078.0
1082.00-1082.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1063.00
1056.50-1056.00
1053.00-1052.50
1048.00-1047.50
1040.75-1039.50 MAJOR
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1748.50
1752.25-1753.00
1758.00-1759.00
1767.00-1768.00
1774.00-1774.75
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1743.50
1739.25-1738.50
1731.00-1730.50
1723.50-1722.50
1712.00-1710.75 MAJOR
March 2010 Dow futures resistance
symbols: emini = ymh0
10010
10026-10030
10053-10058
10103-10108
10149-10154
March 2010 Dow futures support
symbols: emini = ymh0
9983
9932-9927
9898-9895
9848-9846
9798-9791 MAJOR
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
2 / 10 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 2/10/2010
The lower open was bought on Wednesday and the ES popped up
5.75 points to 1069.75 and quickly reversed. The early game-
plan worked nicely as the first bounce failed under initial
resistance and then the ES dropped to 1056.25 in trend down
fashion. The trend was reversed an hour into the day, and a
rally was pretty good, but it was stopped cold after a
direct hit of the 1071.50-1072.50 resistance zone. After a 6
point drop to 1065.25, we were re-entering a short on a
bounce towards 1069 and the ES rejected 1068.50 twice before
dropping 5 points to 1063.50. A bounce back to the 1066.00-
1066.50 followed, and it set up one last short as the ES
dropped from 1066.25 to 1063.00 just before settlement.
Once again the market was unable to hold its gains and
closed poorly. Also, the 1071.50-1072.50 resistance zone was
soundly rejected so that might be all there is for upside
potential at this time. The ES was feeling comfortable
around the 1066 area, having opened and settled at 1106.50
and 1066.25 on Tuesday. The Wednesday open was at 1065.75
and the ES was right there at the 4 pm close for stocks. The
fact that they dropped into settlement looks like a tip-off
for more weakness ahead.
On Thursday look for the same pattern of early weakness
being bought, and if that plays out then the first decent
bounce should set up a good shorting opportunity as long as
the move fails under the initial resistance zones. If that
1066.25 area is not rejected, then a test of that 1071.50-
1072.50 zone would be key to how strong, or weak, the market
is. On the downside, if the Wednesday low areas at 1056.50-
1056.00 on the ES and 1739.25-1738.50 on the NQ are tested,
and not quickly reversed, then this move lower could gather
some steam. It would open the door to re-visit the 1048.00-
1047.50 area on the ES before any kind of reversal attempt.
If the market gets down there, it must rebound sharply
otherwise we will be back to testing the major support that
this publication nailed last Friday at the 1044-1042 area on
the SP500 cash.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1066.25
1068.00-1068.50
1071.50-1072.50
1077.00-1078.0
1082.00-1082.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1063.00
1056.50-1056.00
1053.00-1052.50
1048.00-1047.50
1040.75-1039.50 MAJOR
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1748.50
1752.25-1753.00
1758.00-1759.00
1767.00-1768.00
1774.00-1774.75
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1743.50
1739.25-1738.50
1731.00-1730.50
1723.50-1722.50
1712.00-1710.75 MAJOR
March 2010 Dow futures resistance
symbols: emini = ymh0
10010
10026-10030
10053-10058
10103-10108
10149-10154
March 2010 Dow futures support
symbols: emini = ymh0
9983
9932-9927
9898-9895
9848-9846
9798-9791 MAJOR
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Thursday, February 04, 2010
TradeStalker's RBI Update 02/04/10
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 4 / 2010
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 2/4/2010
The ES opened down 11.50 points on Thursday, and then went
trend-down to 1070.25. I then gave new resistance at the
1073.50-1074.00 area, and the bounce reversed from 1073.75,
giving as good of a low risk entry as was possible. Then
after dropping to 1063.75, the ES bounced back to the
1069.50-1070.25 resistance. Staying under the 1070 level, a
double top at 1069.50 set up yet another good reward/ risk
opportunity as the ES dropped to and then through the 1062
target.
The market went from very oversold to overbought at
Wednesday's close, and with the damage that was done by
breaking through 1093.50, the downside snow-balled lower. On
the first leg down from the 1147 top I stated that all that
was missing was a sign of capitulation. We got some of signs
of that on Thursday. The closing Trin on Thursday was 3.43,
which normally means the market is within a day of putting
together a good rally. In addition to that, after dropping
down to the 21 area, the Vix reversed and jumped up over 20%
on Thursday. The market has good downside momentum, but odds
of a decent rally occurring are pretty good.
We get the Jobs data before the open on Friday. If the
market opens lower, look for a reversal back up to set up a
trade on the long side, especially if there is a reversal
from the 1058.50-1057.50 area on the ES. If that plays out,
then beware of a reversal if the ES rallies back to the
1069.50-1070.25 resistance area and the move stalls out. If
that occurs, then the bears will still have the upper hand
as the bounces would still be failing. If that area is
exceeded, then a pullback would need to hold over the 1064
area to keep a new uptrend intact.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1063.75-1064.25
1069.50-1070.25
1073.50-1074.00
1078.25-1079.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1059.50
1058.50-1057.50
1052.25-1051.50
1044-1042 {SP500 Cash}
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1736.00-1736.50
1743.50-1744.50
1748.25-1749.00
1756.50-1758.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1731.50
1728.50-1727.50
1721.50-1719.75
March 2010 Dow futures resistance
symbols: emini = ymh0
9987-9991
10029-10034
10056-10060
10099-10103
March 2010 Dow futures support
symbols: emini = ymh0
9955
9947-9943
9902-9898
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
R.B.I. Trader's Update
2 / 4 / 2010
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 2/4/2010
The ES opened down 11.50 points on Thursday, and then went
trend-down to 1070.25. I then gave new resistance at the
1073.50-1074.00 area, and the bounce reversed from 1073.75,
giving as good of a low risk entry as was possible. Then
after dropping to 1063.75, the ES bounced back to the
1069.50-1070.25 resistance. Staying under the 1070 level, a
double top at 1069.50 set up yet another good reward/ risk
opportunity as the ES dropped to and then through the 1062
target.
The market went from very oversold to overbought at
Wednesday's close, and with the damage that was done by
breaking through 1093.50, the downside snow-balled lower. On
the first leg down from the 1147 top I stated that all that
was missing was a sign of capitulation. We got some of signs
of that on Thursday. The closing Trin on Thursday was 3.43,
which normally means the market is within a day of putting
together a good rally. In addition to that, after dropping
down to the 21 area, the Vix reversed and jumped up over 20%
on Thursday. The market has good downside momentum, but odds
of a decent rally occurring are pretty good.
We get the Jobs data before the open on Friday. If the
market opens lower, look for a reversal back up to set up a
trade on the long side, especially if there is a reversal
from the 1058.50-1057.50 area on the ES. If that plays out,
then beware of a reversal if the ES rallies back to the
1069.50-1070.25 resistance area and the move stalls out. If
that occurs, then the bears will still have the upper hand
as the bounces would still be failing. If that area is
exceeded, then a pullback would need to hold over the 1064
area to keep a new uptrend intact.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1063.75-1064.25
1069.50-1070.25
1073.50-1074.00
1078.25-1079.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1059.50
1058.50-1057.50
1052.25-1051.50
1044-1042 {SP500 Cash}
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1736.00-1736.50
1743.50-1744.50
1748.25-1749.00
1756.50-1758.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1731.50
1728.50-1727.50
1721.50-1719.75
March 2010 Dow futures resistance
symbols: emini = ymh0
9987-9991
10029-10034
10056-10060
10099-10103
March 2010 Dow futures support
symbols: emini = ymh0
9955
9947-9943
9902-9898
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: 02/04/10
HOW OUR DAY WENT:
The ES opened down 11.50 points, and went
trend-down to 1070.25. I then gave new resistance at the
1073.50-1074.00 area, and the bounce reversed from 1073.75,
giving as good of a low risk entry as was possible. Then
after dropping to 1063.75, members were given the 1069.50-
1070.25 resistance, and a double top at 1069.50 set up yet
another good reward/ risk opportunity as the ES dropped to
and then through the 1062 target.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The ES opened down 11.50 points, and went
trend-down to 1070.25. I then gave new resistance at the
1073.50-1074.00 area, and the bounce reversed from 1073.75,
giving as good of a low risk entry as was possible. Then
after dropping to 1063.75, members were given the 1069.50-
1070.25 resistance, and a double top at 1069.50 set up yet
another good reward/ risk opportunity as the ES dropped to
and then through the 1062 target.
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 02/02/10
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 2 / 2010
(Published Since 1996)
...............................................
Dateline: 5:56 pm eastern time, 2/2/2010
The early game-plan was to short early strength, then beware
of a reversal from the 1084.50-1084.00 key support area. The
ES popped up to the 1088.50-1089.00 zone and reversed,
dropping from 1089.00 to 1084.75 (1084.50-1084.00 pivotal
support) in 5 minutes and then turned back up. The bounce
stalled and reversed from 1088.50 and then dropped to the
1084.75 support again. The ES rallied 13 points to the 1097-
1098 resistance zone shortly after noon. Two small pullbacks
from 1097.00 followed, but the 1094.50 updated support held,
setting up a bounce to 1099.50 just before 2 pm. A pullback
to 1095.50 was reversed and a sprint to a 1101.50 high
occurred, and then selling took the market lower into the
close.
The 2 day rally has turned the short term internal gauges
from very oversold to modestly overbought. If there is one
more day of decent action, that would stretch the indicators
into overbought territory nearly across the board. The
sentiment sure turned bullish fast, and if the Vix drops a
bit more and then reverses, that will give some sell
signals.
The ES didn't like it over 1100 on Tuesday afternoon, and
reversed from just above that level. The ES settled about 3
points under fair value, so if there is a pop up to the
1099.50-1100.50 area that reverses early on Wednesday, that
should set up a good shorting opportunity. If that plays
out, or if the ES reverses from a bit higher up early in the
day near the 1103.50-1104.00 area, then the initial support
at the 1095.50-1094.75 area on the ES will need to be
defended, or quickly reversed if broken. The pullbacks have
been setting up good buying opportunities, reversing as soon
as the downside momentum fizzles and prices turn back up. So
that area should hold if the market is still in good shape.
If there is a decent sized pullback/ selloff, then a test of
the 1080.50-1079.75 area would need to reverse quickly,
otherwise we are having another technical breakdown and the
downside could gather some steam.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1099.50-1100.50
1103.50-1104.00
1106.75-1107.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1095.50-1094.75
1091.50-1091.00
1088.50-1088.00
1084.50-1084.00
1080.50-1079.75
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1774.00-1774.50
1778.75-1779.50
1784.25-1786.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1765.00-1764.25
1758.75-1758.00
1751.75-1751.00
1748.50-1747.75
1742.50-1741.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10247-10252
10274-10278
10302-10309
March 2010 Dow futures support
symbols: emini = ymh0
10212-10209
10183-10180
10164-10161
10125-10121
10105-10103
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
R.B.I. Trader's Update
2 / 2 / 2010
(Published Since 1996)
...............................................
Dateline: 5:56 pm eastern time, 2/2/2010
The early game-plan was to short early strength, then beware
of a reversal from the 1084.50-1084.00 key support area. The
ES popped up to the 1088.50-1089.00 zone and reversed,
dropping from 1089.00 to 1084.75 (1084.50-1084.00 pivotal
support) in 5 minutes and then turned back up. The bounce
stalled and reversed from 1088.50 and then dropped to the
1084.75 support again. The ES rallied 13 points to the 1097-
1098 resistance zone shortly after noon. Two small pullbacks
from 1097.00 followed, but the 1094.50 updated support held,
setting up a bounce to 1099.50 just before 2 pm. A pullback
to 1095.50 was reversed and a sprint to a 1101.50 high
occurred, and then selling took the market lower into the
close.
The 2 day rally has turned the short term internal gauges
from very oversold to modestly overbought. If there is one
more day of decent action, that would stretch the indicators
into overbought territory nearly across the board. The
sentiment sure turned bullish fast, and if the Vix drops a
bit more and then reverses, that will give some sell
signals.
The ES didn't like it over 1100 on Tuesday afternoon, and
reversed from just above that level. The ES settled about 3
points under fair value, so if there is a pop up to the
1099.50-1100.50 area that reverses early on Wednesday, that
should set up a good shorting opportunity. If that plays
out, or if the ES reverses from a bit higher up early in the
day near the 1103.50-1104.00 area, then the initial support
at the 1095.50-1094.75 area on the ES will need to be
defended, or quickly reversed if broken. The pullbacks have
been setting up good buying opportunities, reversing as soon
as the downside momentum fizzles and prices turn back up. So
that area should hold if the market is still in good shape.
If there is a decent sized pullback/ selloff, then a test of
the 1080.50-1079.75 area would need to reverse quickly,
otherwise we are having another technical breakdown and the
downside could gather some steam.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1099.50-1100.50
1103.50-1104.00
1106.75-1107.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1095.50-1094.75
1091.50-1091.00
1088.50-1088.00
1084.50-1084.00
1080.50-1079.75
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1774.00-1774.50
1778.75-1779.50
1784.25-1786.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1765.00-1764.25
1758.75-1758.00
1751.75-1751.00
1748.50-1747.75
1742.50-1741.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10247-10252
10274-10278
10302-10309
March 2010 Dow futures support
symbols: emini = ymh0
10212-10209
10183-10180
10164-10161
10125-10121
10105-10103
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 01/29/10
HOW OUR DAY WENT:
The ES rallied to the 1092.50-1093.00
Resistance Zone in the first hour, and looking to short
early strength, that made a great reward/ risk entry. The
move stalled out and reversed and dropped 15+ points to
1077.75 by noon (we had updated Support at 1078-1077).
There was a bounce off of that level, but it stopped right
at the 1084.50-1085.00 updated resistance and fell 6.75
points to 1077.25 Support and bounced... right to the
1081.50 Resistance. So much for a double bottom, that
Support broke on the 3rd try and a 14 point drop to 1067.50
followed. That was at the last target / support for today,
the 1068.00-1067.00 zone, and a that gave a 7.75 point bounce
but the closing bell is all that could stop the bleeding on
Friday.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The ES rallied to the 1092.50-1093.00
Resistance Zone in the first hour, and looking to short
early strength, that made a great reward/ risk entry. The
move stalled out and reversed and dropped 15+ points to
1077.75 by noon (we had updated Support at 1078-1077).
There was a bounce off of that level, but it stopped right
at the 1084.50-1085.00 updated resistance and fell 6.75
points to 1077.25 Support and bounced... right to the
1081.50 Resistance. So much for a double bottom, that
Support broke on the 3rd try and a 14 point drop to 1067.50
followed. That was at the last target / support for today,
the 1068.00-1067.00 zone, and a that gave a 7.75 point bounce
but the closing bell is all that could stop the bleeding on
Friday.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 01/27/10
.................................................
TradeStalker's
R.B.I. Trader's Update
1 / 27 / 2010
(Published Since 1996)
...............................................
Dateline: 6:21 pm eastern time, 1/27/2010
The ES popped up to 1090.50 on Wednesday and stalled out,
just under the 1091.00-1091.75 initial resistance, allowing
a good reward/risk entry on the short side. The ES dropped
9.50 points to the 1081.00 support area before reversing. A
double bottom at the 1082-1081 support lead to a bounce to
1088.50, then after a wedge break we had a nice short near
1086.00 and the ES dropped to 1082.25. The group was told to
beware buying there, that 1084.00-1084.50 was good resist
and the pop reversed at 1084.50 before a drop to 1081.75
before the Fed. After the release we got the down-up-down
move, then from 1082.00 again the trend move reached the
1091.00-1091.75 resistance and backed off. The pullback held
at 1085.25 then rallied to the 1096.75-1097.50 resistance by
the close.
The market put together a pretty good rally of of the spike
low after the Fed release. The 1078.50 low was just over the
1077.50-1076.50 zone, and if that is reached again, and
reverses, then a tradable low could be put in place. The
1092.50-1092.00 area on the ES needs to hold, or quickly
reverse if broken, otherwise the 1085.25-1084.50 can be
tested. That should be pivotal if it's reached. A reversal
back up from that area keep the market out of trouble. If
broken, then a test of Wednesday lows that reverses sets up
a good reward/ risk opportunity on the long side.
The NQ will need to avoid pulling the market down on
Thursday, as it appears to be weak while the ES looks like
it can go a bit higher. The ES peaked at the 1096.75-1097.50
resistance area, so follow through strength will need to
avoid reversing early, otherwise there is one more decent
pullback coming. If a dip can hold at or above the 1092.50-
1092.00 area then the up-trends will remain intact, but
don't expect a trend up day. If the ES reaches the 1104.00-
1104.50 area, and the move stalls or that area is rejected,
then it could be a bounce high before the downside resumes.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1096.75-1097.50
1099.00-1100.00
1104.00-1104.50
1107.50-1108.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1093.00-1092.50
1085.25-1084.50
1082.50-1081.75
1078.50-1077.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1815.00-1816.00
1821.50-1823.00
1830.75-1831.75
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1807.50-1807.00
1801.50-1800.25
1796.50-1795.50
1791.50-1790.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10203-10209
10234-10236
10268-10273
March 2010 Dow futures support
symbols: emini = ymh0
10178-10175
10109-10105
10088-10085
10057-10052
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
1 / 27 / 2010
(Published Since 1996)
...............................................
Dateline: 6:21 pm eastern time, 1/27/2010
The ES popped up to 1090.50 on Wednesday and stalled out,
just under the 1091.00-1091.75 initial resistance, allowing
a good reward/risk entry on the short side. The ES dropped
9.50 points to the 1081.00 support area before reversing. A
double bottom at the 1082-1081 support lead to a bounce to
1088.50, then after a wedge break we had a nice short near
1086.00 and the ES dropped to 1082.25. The group was told to
beware buying there, that 1084.00-1084.50 was good resist
and the pop reversed at 1084.50 before a drop to 1081.75
before the Fed. After the release we got the down-up-down
move, then from 1082.00 again the trend move reached the
1091.00-1091.75 resistance and backed off. The pullback held
at 1085.25 then rallied to the 1096.75-1097.50 resistance by
the close.
The market put together a pretty good rally of of the spike
low after the Fed release. The 1078.50 low was just over the
1077.50-1076.50 zone, and if that is reached again, and
reverses, then a tradable low could be put in place. The
1092.50-1092.00 area on the ES needs to hold, or quickly
reverse if broken, otherwise the 1085.25-1084.50 can be
tested. That should be pivotal if it's reached. A reversal
back up from that area keep the market out of trouble. If
broken, then a test of Wednesday lows that reverses sets up
a good reward/ risk opportunity on the long side.
The NQ will need to avoid pulling the market down on
Thursday, as it appears to be weak while the ES looks like
it can go a bit higher. The ES peaked at the 1096.75-1097.50
resistance area, so follow through strength will need to
avoid reversing early, otherwise there is one more decent
pullback coming. If a dip can hold at or above the 1092.50-
1092.00 area then the up-trends will remain intact, but
don't expect a trend up day. If the ES reaches the 1104.00-
1104.50 area, and the move stalls or that area is rejected,
then it could be a bounce high before the downside resumes.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1096.75-1097.50
1099.00-1100.00
1104.00-1104.50
1107.50-1108.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1093.00-1092.50
1085.25-1084.50
1082.50-1081.75
1078.50-1077.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1815.00-1816.00
1821.50-1823.00
1830.75-1831.75
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1807.50-1807.00
1801.50-1800.25
1796.50-1795.50
1791.50-1790.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10203-10209
10234-10236
10268-10273
March 2010 Dow futures support
symbols: emini = ymh0
10178-10175
10109-10105
10088-10085
10057-10052
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's RBI Update 01/24/10
.................................................
TradeStalker's
R.B.I. Trader's Update
1 / 24 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 1/24/2010
The ES opened lower on Friday, then bounced to the updated
resistance at the 1111-1112 zone, giving a great low risk
entry on the short side and the ES dropped 10 points to
1101.00 in the first hour. A bounce then went back the
1111.50 level, right at resistance again, where we were able
to re-short. That led to another 10 point drop to 1101.25.
Then we then got a bounce to updated resistance at the
1104.00-1104.50 area, and after 1104.25 was reversed the ES
dropped another 12+ points to 1091.50. Then I gave 1092.50-
1093.25 for new resistance, and after reaching 1093.25 the
bounce fizzled and the ES dropped another 7.00 points to
1086.25 to finish off a big reversal week.
The Dow, SP500 and Nasdaq 100 cash and futures made new
intraday and closing highs for the bull move on Tuesday. The
market was ripe for at least a pullback, and the risk/reward
was strongly tilted in favor of the downside. The put
options that were bought near the Tuesday high were covered
way too soon in hind site, but there were ample
opportunities to re-short on Wednesday, Thursday and Friday.
The bigger picture top at 1147 on the ES looks to be in
place.
The three day drop covered 572 points on the Dow, 60 points
on the SP500 cash, and 105 points on the Nasdaq 100. The VIX
exploded more than 22% on Friday, showing a lot of
capitulation. The bigger picture internal gauges showed
negative divergence at the top, and those have turned
intermediate term bearish. However, just about all of the
short term overbought/oversold gauges are at oversold
extremes. The 3 day Thrust is at -.89 (+/-.50 normal
oversold) and the McClellan oscillator reached -243. Also,
the RBI Signal strength is in buy territory. If the VIX
reverses, then this should set the stage for a good counter-
trend move to the upside soon. A move back towards the
1111.00-1111.50 area will be sold if the market is still
weak. A test of the 1119.50-1120.50 area would be as far as
a bounce should go if the bears are going to stay in charge.
So, on Monday look for early weakness to be reversed and set
up a decent rally, especially if the initial resistance is
broken. If the initial resistance areas are exceeded, and
then hold on a pullback, then a decent bounce should be in
gear. If a bounce fails around the 1104.00-1104.50 area, or
below it, then the 1098-1097 area would become a support
area that would need to hold then to avoid another selloff.
If the market opens higher but reverses around the 1097.50-
1098.50 area in the first 30 minutes, that should set up a
trade on the short side for a pullback towards the Friday
closes, or lower.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1093.00-1093.50
1097.50-1098.50
1104.00-1104.50
1111.00-1111.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1087.00-1086.25
1082.25-1081.50
1077.75-1076.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1800.00-1801.00
1811.50-1812.25
1825.75-1826.75
1846.50-1847.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1789.50-1789.00
1782.00-1781.50
1776.75-1775.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10176-10181
10218-10221
10268-10273
10339-10343
March 2010 Dow futures support
symbols: emini = ymh0
10114-10111
10074-10069
10022-10017
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
1 / 24 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 1/24/2010
The ES opened lower on Friday, then bounced to the updated
resistance at the 1111-1112 zone, giving a great low risk
entry on the short side and the ES dropped 10 points to
1101.00 in the first hour. A bounce then went back the
1111.50 level, right at resistance again, where we were able
to re-short. That led to another 10 point drop to 1101.25.
Then we then got a bounce to updated resistance at the
1104.00-1104.50 area, and after 1104.25 was reversed the ES
dropped another 12+ points to 1091.50. Then I gave 1092.50-
1093.25 for new resistance, and after reaching 1093.25 the
bounce fizzled and the ES dropped another 7.00 points to
1086.25 to finish off a big reversal week.
The Dow, SP500 and Nasdaq 100 cash and futures made new
intraday and closing highs for the bull move on Tuesday. The
market was ripe for at least a pullback, and the risk/reward
was strongly tilted in favor of the downside. The put
options that were bought near the Tuesday high were covered
way too soon in hind site, but there were ample
opportunities to re-short on Wednesday, Thursday and Friday.
The bigger picture top at 1147 on the ES looks to be in
place.
The three day drop covered 572 points on the Dow, 60 points
on the SP500 cash, and 105 points on the Nasdaq 100. The VIX
exploded more than 22% on Friday, showing a lot of
capitulation. The bigger picture internal gauges showed
negative divergence at the top, and those have turned
intermediate term bearish. However, just about all of the
short term overbought/oversold gauges are at oversold
extremes. The 3 day Thrust is at -.89 (+/-.50 normal
oversold) and the McClellan oscillator reached -243. Also,
the RBI Signal strength is in buy territory. If the VIX
reverses, then this should set the stage for a good counter-
trend move to the upside soon. A move back towards the
1111.00-1111.50 area will be sold if the market is still
weak. A test of the 1119.50-1120.50 area would be as far as
a bounce should go if the bears are going to stay in charge.
So, on Monday look for early weakness to be reversed and set
up a decent rally, especially if the initial resistance is
broken. If the initial resistance areas are exceeded, and
then hold on a pullback, then a decent bounce should be in
gear. If a bounce fails around the 1104.00-1104.50 area, or
below it, then the 1098-1097 area would become a support
area that would need to hold then to avoid another selloff.
If the market opens higher but reverses around the 1097.50-
1098.50 area in the first 30 minutes, that should set up a
trade on the short side for a pullback towards the Friday
closes, or lower.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1093.00-1093.50
1097.50-1098.50
1104.00-1104.50
1111.00-1111.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1087.00-1086.25
1082.25-1081.50
1077.75-1076.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1800.00-1801.00
1811.50-1812.25
1825.75-1826.75
1846.50-1847.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1789.50-1789.00
1782.00-1781.50
1776.75-1775.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10176-10181
10218-10221
10268-10273
10339-10343
March 2010 Dow futures support
symbols: emini = ymh0
10114-10111
10074-10069
10022-10017
---------------------------
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.
*************************************************
Tuesday, January 05, 2010
TradeStalker's RBI Update 12/27/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 27 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 12/27/2009
The SP500 cash and futures finally broke out of the ranges
on Wednesday. On Thursday there was a gap up open, and
follow through buying took the ES up to the 1122.50-1124.00
resistance zone in the first 30 minutes. A small pullback
from 1122.50 to 1119.75 followed, and then the market
churned with an upside bias back to the highs at the close.
All of the major averages closed at new highs for the year
on Thursday. For the last 5 days the pullbacks have held,
and then the upside gets going again. However, the market
looks to be at an important spot here. The short term
indicators are very overbought, and the Vix gave 2 sell
signals, and normally this sets up a decent pullback - or at
best there is back and forth action. What keeps hope alive
for the bulls up here is that the last 2 days of the month,
first 2 days of a new month has a historical upside bias.
So, given this conflict, it will likely set the market up
for more volatility than we have seen recently. A pullback
shouldn't take out the 1117.75-1117.00 area on the ES, or
quickly reverse if it is broken, if the market is going to
avoid going back down into the old trading range.
On Monday, look for early strength to set up a shorting
opportunity if there is a reversal in the first 40 minutes
of trading. If that plays out, beware that as long as the
initial support areas hold on early weakness, the market
will still be in uptrends and in decent shape. If the market
wants to take off higher, then we could potentially see the
1154.00-1156.00 area before the move encounters trouble. I
doubt that occurs without a good pullback first though. If
the ES breaks the 1115.00-1114.75 zone and doesn't quickly
reverse, then the market could see downside acceleration as
the breakout would have failed.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1122.50-1124.00
1128.00-1128.50
1132.00-1134.50
1154.00-1156.00 major
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1120.25-1119.75
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1864.50-1866.00
1871.50-1873.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1862.00-1861.50
1858.50-1857.75
1853.00-1851.75
1845.00-1843.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10472-10480
10530-10534
March 2010 Dow futures support
symbols: emini = ymh0
10455-10451
10432-10428
10399-10395
10349-10344
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
12 / 27 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 12/27/2009
The SP500 cash and futures finally broke out of the ranges
on Wednesday. On Thursday there was a gap up open, and
follow through buying took the ES up to the 1122.50-1124.00
resistance zone in the first 30 minutes. A small pullback
from 1122.50 to 1119.75 followed, and then the market
churned with an upside bias back to the highs at the close.
All of the major averages closed at new highs for the year
on Thursday. For the last 5 days the pullbacks have held,
and then the upside gets going again. However, the market
looks to be at an important spot here. The short term
indicators are very overbought, and the Vix gave 2 sell
signals, and normally this sets up a decent pullback - or at
best there is back and forth action. What keeps hope alive
for the bulls up here is that the last 2 days of the month,
first 2 days of a new month has a historical upside bias.
So, given this conflict, it will likely set the market up
for more volatility than we have seen recently. A pullback
shouldn't take out the 1117.75-1117.00 area on the ES, or
quickly reverse if it is broken, if the market is going to
avoid going back down into the old trading range.
On Monday, look for early strength to set up a shorting
opportunity if there is a reversal in the first 40 minutes
of trading. If that plays out, beware that as long as the
initial support areas hold on early weakness, the market
will still be in uptrends and in decent shape. If the market
wants to take off higher, then we could potentially see the
1154.00-1156.00 area before the move encounters trouble. I
doubt that occurs without a good pullback first though. If
the ES breaks the 1115.00-1114.75 zone and doesn't quickly
reverse, then the market could see downside acceleration as
the breakout would have failed.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1122.50-1124.00
1128.00-1128.50
1132.00-1134.50
1154.00-1156.00 major
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1120.25-1119.75
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1864.50-1866.00
1871.50-1873.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1862.00-1861.50
1858.50-1857.75
1853.00-1851.75
1845.00-1843.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10472-10480
10530-10534
March 2010 Dow futures support
symbols: emini = ymh0
10455-10451
10432-10428
10399-10395
10349-10344
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's RBI Update 12/22/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 22 / 2009
(Published Since 1996)
...............................................
Dateline: 6:03 pm eastern time, 12/22/2009
The resistance around the 1115 level on the ES was reversed
in the first hour on Tuesday, and it fell to 1110.50 before
noon. Then the 1115-1116.00 area was reiterated as
resistance and the bounce reversed from 1115.25 and pulled
back to 1112.00 in a small range day.
This is the last update until Sunday night. We wish all of
you a Merry Christmas, and a safe trip for those who are
traveling. If not for you all, there wouldn't be a
TradeStalker publication and I thank you for your faith in
my work.
On Wednesday we get a batch of economic data before the
open, and then more at 9:55 am and 10:00 am. The market has
been active early, but then the move gets reversed around
lunchtime. The market doesn't appear to have much more to go
on the upside unless there is a good spark to bring in
buying. The buying dried up at the top of the range as the
ES quickly backed away from the 1115-1116 area easily.
If there is a decent sized pullback, then the long side
might become attractive. However, unless the market can
prove itself strong by breaking / holding the 1115-1116 area
on the ES, the market is vulnerable. If a drop to the
1109.75-1109.50 area on the ES is tested and reversed, then
a trade could set up on the long side but don't fall in love
with longs unless we get a move through that 1115-1116 area
and holds it on a pullback. If the market just pops through
that area and reverses, that could start a decent sized
selloff.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1115.25-1116.00
1118.50-1119.00
1122.50-1124.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1112.00
1109.75-1109.50
1107.75-1107.25
1103.50-1102.50
1099.00-1098.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1842.00-1843.00
1848.50-1849.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1835.25
1828.00-1827.25
1824.50-1823.75
1818.75-1818.00
1814.00-1812.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10418-10422
10430-10434
March 2010 Dow futures support
symbols: emini = ymh0
10388
10361-10358
10336-10332
10312-10308
10269-10264
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
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
R.B.I. Trader's Update
12 / 22 / 2009
(Published Since 1996)
...............................................
Dateline: 6:03 pm eastern time, 12/22/2009
The resistance around the 1115 level on the ES was reversed
in the first hour on Tuesday, and it fell to 1110.50 before
noon. Then the 1115-1116.00 area was reiterated as
resistance and the bounce reversed from 1115.25 and pulled
back to 1112.00 in a small range day.
This is the last update until Sunday night. We wish all of
you a Merry Christmas, and a safe trip for those who are
traveling. If not for you all, there wouldn't be a
TradeStalker publication and I thank you for your faith in
my work.
On Wednesday we get a batch of economic data before the
open, and then more at 9:55 am and 10:00 am. The market has
been active early, but then the move gets reversed around
lunchtime. The market doesn't appear to have much more to go
on the upside unless there is a good spark to bring in
buying. The buying dried up at the top of the range as the
ES quickly backed away from the 1115-1116 area easily.
If there is a decent sized pullback, then the long side
might become attractive. However, unless the market can
prove itself strong by breaking / holding the 1115-1116 area
on the ES, the market is vulnerable. If a drop to the
1109.75-1109.50 area on the ES is tested and reversed, then
a trade could set up on the long side but don't fall in love
with longs unless we get a move through that 1115-1116 area
and holds it on a pullback. If the market just pops through
that area and reverses, that could start a decent sized
selloff.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1115.25-1116.00
1118.50-1119.00
1122.50-1124.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1112.00
1109.75-1109.50
1107.75-1107.25
1103.50-1102.50
1099.00-1098.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1842.00-1843.00
1848.50-1849.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1835.25
1828.00-1827.25
1824.50-1823.75
1818.75-1818.00
1814.00-1812.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10418-10422
10430-10434
March 2010 Dow futures support
symbols: emini = ymh0
10388
10361-10358
10336-10332
10312-10308
10269-10264
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
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.
*************************************************
Wednesday, December 16, 2009
Today's Trading Recap: 12/16/09
HOW OUR DAY WENT:
The market was dull and narrowly traded
in front of the Fed release. There was an up-down-up type
of pattern after the release, and in an instant message
members were told:
(Dec 16-14:26) mike: a pop tp 1109.00-1100.50 tht [s]talls
is a short
The ES bounced off 1106.50 to 1109.25 and then stalled,
setting up a good short for the group. We locked in part
of the position at 1108.00, and then the target was at
1104.75 was met on the way to a 1103.00 low, right at the
1103.00-1102.50 support zone.
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The market was dull and narrowly traded
in front of the Fed release. There was an up-down-up type
of pattern after the release, and in an instant message
members were told:
(Dec 16-14:26) mike: a pop tp 1109.00-1100.50 tht [s]talls
is a short
The ES bounced off 1106.50 to 1109.25 and then stalled,
setting up a good short for the group. We locked in part
of the position at 1108.00, and then the target was at
1104.75 was met on the way to a 1103.00 low, right at the
1103.00-1102.50 support zone.
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Today's Trading Recap: 12/14/09
HOW OUR DAY WENT:
A gap up open was sold at the 1108.50-
1109.00 resistance zone on Monday, and after locking in
partial profits at 1105.50 I told members:
(Dec 14-10:05) mike: 1104.00 a better support, symmetry
there
That was our 2nd target, and the ES reached 1104.00 exactly
before bouncing back.
Good Trading,
Mike Reed
TradeStalker.com
A gap up open was sold at the 1108.50-
1109.00 resistance zone on Monday, and after locking in
partial profits at 1105.50 I told members:
(Dec 14-10:05) mike: 1104.00 a better support, symmetry
there
That was our 2nd target, and the ES reached 1104.00 exactly
before bouncing back.
Good Trading,
Mike Reed
TradeStalker.com
Wednesday, December 09, 2009
TradeStalker's RBI Update 12/09/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 9 / 2009
(Published Since 1996)
...............................................
Dateline: 6:37 pm eastern time, 12/9/2009
The early game-plan worked perfectly to start Wednesday.
Last night I wrote:
"On Wednesday look for a shorting opportunity if
there is early strength and the move reverses from
near the initial resistance areas.
The ES popped to the 1092.50-1093.00 initial resistance and
reversed about 3 minutes into the trading day. From 1092.75,
the ES fell 7.75 points to 1085.00 in the first 20 minutes.
That was the low for the day, and after locking in profits
we had a couple more good shorting opportunities before the
afternoon breakout over the 1090.50-1091.50 zone. That move
continued higher until reaching the 1097.00-1097.50 area
before backing off near the close.
Short and sweet tonight due to time constraints. The futures
roll over to March of 2010 on Thursday, and the ES will be
trading about 5 points under the December 2009 contract.
Give the support and resistance a bit of leeway for a day or
so.
The indicators are nearly all neutral, expect the Vix gave 1
of 5 possible buy signals on Wednesday. The market held on
to its gains for a change and reversed to close up after
being under water most of the day. As long as the initial
support areas are held on a pullback, the move could extend
towards the 1095.00-1095.50 area on the MARCH futures, and
around the 1100.00-1100.50 area on the December contract.
On Thursday look for early weakness to set up a buying
opportunity, then the first decent rally should be reversed
near one of the resistance zones. If that plays out, it
should then set up a good trade on the short side. The
market will be in uptrends unless the initial support areas
are broken.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1092.00-1092.50
1095.00-1095.50
1102.50-1103.25
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1089.00-1088.50
1086.00-1085.00
1083.00-1082.00
1078.00-1077.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1794.00-1794.50
1797.75-1798.50
1812.50-1814.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1776.75-1775.50
1768.00-1767.00
1757.50-1756.75
1750.25-1748.50
Want to SAVE 25% on a subscription to our service?
Offer good only until December 15th:
CLICK HERE FOR MORE INFORMATION
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
12 / 9 / 2009
(Published Since 1996)
...............................................
Dateline: 6:37 pm eastern time, 12/9/2009
The early game-plan worked perfectly to start Wednesday.
Last night I wrote:
"On Wednesday look for a shorting opportunity if
there is early strength and the move reverses from
near the initial resistance areas.
The ES popped to the 1092.50-1093.00 initial resistance and
reversed about 3 minutes into the trading day. From 1092.75,
the ES fell 7.75 points to 1085.00 in the first 20 minutes.
That was the low for the day, and after locking in profits
we had a couple more good shorting opportunities before the
afternoon breakout over the 1090.50-1091.50 zone. That move
continued higher until reaching the 1097.00-1097.50 area
before backing off near the close.
Short and sweet tonight due to time constraints. The futures
roll over to March of 2010 on Thursday, and the ES will be
trading about 5 points under the December 2009 contract.
Give the support and resistance a bit of leeway for a day or
so.
The indicators are nearly all neutral, expect the Vix gave 1
of 5 possible buy signals on Wednesday. The market held on
to its gains for a change and reversed to close up after
being under water most of the day. As long as the initial
support areas are held on a pullback, the move could extend
towards the 1095.00-1095.50 area on the MARCH futures, and
around the 1100.00-1100.50 area on the December contract.
On Thursday look for early weakness to set up a buying
opportunity, then the first decent rally should be reversed
near one of the resistance zones. If that plays out, it
should then set up a good trade on the short side. The
market will be in uptrends unless the initial support areas
are broken.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1092.00-1092.50
1095.00-1095.50
1102.50-1103.25
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1089.00-1088.50
1086.00-1085.00
1083.00-1082.00
1078.00-1077.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1794.00-1794.50
1797.75-1798.50
1812.50-1814.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1776.75-1775.50
1768.00-1767.00
1757.50-1756.75
1750.25-1748.50
Want to SAVE 25% on a subscription to our service?
Offer good only until December 15th:
CLICK HERE FOR MORE INFORMATION
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's RBI Update 12/08/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 8 / 2009
(Published Since 1996)
...............................................
Dateline: 6:19 pm eastern time, 12/8/2009
The market gapped down on the open and the fell for 15
minutes before reversing. The last listed support areas for
Tuesday were at 1088.25-1087.50 on the ES, 10244-10240 on
the YM, and 1759.00-1757.75 on the NQ. The early lows were
at 1087.75 on the ES, 10240 on the YM and 1760.00 on the NQ
and the market bounced back. The ES rallied to 1097.50
before noon, and shortly thereafter I sent an update saying:
"The ES reached 1097.50 before reversing. That might be
it for the bounce if the 1094.60-1094.00 area is
broken."
That turned out to be the high for the day, and after
breaking 1094 the market went into a choppy trend down move
to 1088.75 by 3 pm. A bounce to 1092.75 followed, but the
move couldn't stick and the futures sold off into the close.
The market has been unable to hold its gains, and is very
close to rolling over on the daily close chart. If there is
follow through weakness on Wednesday, it could pick up steam
if the 1088.00-1087.50 area is broken and not quickly
reversed. In order to turn the trends, the market needs to
get over the initial resistance areas, and then instead of
reversing and dropping, that area then needs to hold on a
pullback.
Unless that occurs, the bounces will continue to offer good
shorting opportunities. If the market breaks out of this
trading range to the downside, then we could see another
scary selloff that takes the ES towards the 1078.00-1077.50
area from November 27th. IF that is reached on Wednesday,
then expect a good rebound if that are is tested and then
reversed.
On Wednesday look for a shorting opportunity if there is
early strength and the move reverses from near the initial
resistance areas. If the market obliges, and then sells off,
beware that a break of the 1088 level on the ES that isn't
quickly reversed would open the door for a drop towards the
1083-1082 area, and possibly the 1078.00-1077.50 area before
a decent bounce occurs.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1092.50-1093.00
1097.00-1097.50
1100.00-1100.50
1107.50-1108.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1088.00-1087.50
1083.00-1082.00
1078.00-1077.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1776.00-1776.50
1782.00-1782.50
1786.50-1787.50
1793.50-1794.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1766.50-1766.00
1759.50-1758.00
1752.25-1750.50
December 2009 Dow futures resistance
symbols: emini = ymz9
10285-10288
10320-10323
10348-10352
10430-10433
December 2009 Dow futures support
symbols: emini = ymz9
10243-10239
10197-10193
10149-10145
Want to SAVE 25% on a subscription to our service?
Offer good only until December 15th:
CLICK HERE FOR MORE INFORMATION
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
R.B.I. Trader's Update
12 / 8 / 2009
(Published Since 1996)
...............................................
Dateline: 6:19 pm eastern time, 12/8/2009
The market gapped down on the open and the fell for 15
minutes before reversing. The last listed support areas for
Tuesday were at 1088.25-1087.50 on the ES, 10244-10240 on
the YM, and 1759.00-1757.75 on the NQ. The early lows were
at 1087.75 on the ES, 10240 on the YM and 1760.00 on the NQ
and the market bounced back. The ES rallied to 1097.50
before noon, and shortly thereafter I sent an update saying:
"The ES reached 1097.50 before reversing. That might be
it for the bounce if the 1094.60-1094.00 area is
broken."
That turned out to be the high for the day, and after
breaking 1094 the market went into a choppy trend down move
to 1088.75 by 3 pm. A bounce to 1092.75 followed, but the
move couldn't stick and the futures sold off into the close.
The market has been unable to hold its gains, and is very
close to rolling over on the daily close chart. If there is
follow through weakness on Wednesday, it could pick up steam
if the 1088.00-1087.50 area is broken and not quickly
reversed. In order to turn the trends, the market needs to
get over the initial resistance areas, and then instead of
reversing and dropping, that area then needs to hold on a
pullback.
Unless that occurs, the bounces will continue to offer good
shorting opportunities. If the market breaks out of this
trading range to the downside, then we could see another
scary selloff that takes the ES towards the 1078.00-1077.50
area from November 27th. IF that is reached on Wednesday,
then expect a good rebound if that are is tested and then
reversed.
On Wednesday look for a shorting opportunity if there is
early strength and the move reverses from near the initial
resistance areas. If the market obliges, and then sells off,
beware that a break of the 1088 level on the ES that isn't
quickly reversed would open the door for a drop towards the
1083-1082 area, and possibly the 1078.00-1077.50 area before
a decent bounce occurs.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1092.50-1093.00
1097.00-1097.50
1100.00-1100.50
1107.50-1108.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1088.00-1087.50
1083.00-1082.00
1078.00-1077.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1776.00-1776.50
1782.00-1782.50
1786.50-1787.50
1793.50-1794.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1766.50-1766.00
1759.50-1758.00
1752.25-1750.50
December 2009 Dow futures resistance
symbols: emini = ymz9
10285-10288
10320-10323
10348-10352
10430-10433
December 2009 Dow futures support
symbols: emini = ymz9
10243-10239
10197-10193
10149-10145
Want to SAVE 25% on a subscription to our service?
Offer good only until December 15th:
CLICK HERE FOR MORE INFORMATION
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.
*************************************************
Monday, December 07, 2009
Today's Trading Recap: 12/07/09
HOW OUR DAY WENT:
We got early strength to short on
Monday, but on a test of the early high - per intraday
update and instant message - was a short and the ES dropped
from 1109.50 to the 1105.00-1104.50 updated support area. A
bounce back to 1110.25 on the ES and 1794 on the NQ gave us
re-entries on the short side, and then pulled back 10 ES and
15 NQ points by 2:45 pm.
Want to SAVE 25% on a subscription to our service?
Offer good only until December 15th:
CLICK HERE FOR MORE INFORMATION
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)
We got early strength to short on
Monday, but on a test of the early high - per intraday
update and instant message - was a short and the ES dropped
from 1109.50 to the 1105.00-1104.50 updated support area. A
bounce back to 1110.25 on the ES and 1794 on the NQ gave us
re-entries on the short side, and then pulled back 10 ES and
15 NQ points by 2:45 pm.
Want to SAVE 25% on a subscription to our service?
Offer good only until December 15th:
CLICK HERE FOR MORE INFORMATION
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)
Friday, December 04, 2009
TradeStalker's RBI Update 11/29/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 29 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 11/29/2009
On Friday the ES gapped down 30.25 points from Wednesday's
close, and opened right at the 1078.00-1077.50 support zone.
Shorts took cover (put options exploded on the open for a
nice percentage gain) and new buying came in and the market
went into a trend-up move until around 11 am. After the ES
reached 1098.25, it pulled back to 1091.00 and then the
market turned up again. However, the move fizzled/reversed
at 1097.25, and with that being good resistance the market
sold off into the close.
Last Tuesday night, with the market trading near its highs,
I stated :
"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."
The Wednesday session was quiet, but the ES really struggled
around the 1110 level. Then when the news broke that another
bank was in trouble, that was the straw that broke the
bull's back, and was the impetus for a very sharp drop. The
market turned up from a decent support area on Friday, and
then the ES rallied back 20 points. That was a very nice
bounce, so a test of that area should hold unless we have a
panic selloff. If the market cannot hold on a test of the
Friday lows, a trip towards the 1068.50-1067.75 area or
lower could be in the cards.
On Monday look for early strength that fails under the
initial resistance to set up a shorting opportunity. If that
plays out, or there is early weakness that reverses near the
1083.00-1082.50 area, it could set up a buying opportunity.
If that area isn't held, then the Friday lows should be
tested before a reversal attempt. For now, the bounces are
better shorting opportunities unless a test of the Friday
lows is reversed.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1097.50-1098.25
1102.50-1103.25
1108.50-1109.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1088.25-1087.50
1083.00-1082.50
1078.00-1077.50
1068.50-1067.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1778.50-1779.75
1785.50-1786.50
1794.25-1795.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1758.25-1757.75
1751.50-1751.00
1743.00-1741.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10364-10367
10398-10402
10447-10451
December 2009 Dow futures support
symbols: emini = ymz9
10282-10278
10247-10242
10207-10202
---------------------------
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
R.B.I. Trader's Update
11 / 29 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 11/29/2009
On Friday the ES gapped down 30.25 points from Wednesday's
close, and opened right at the 1078.00-1077.50 support zone.
Shorts took cover (put options exploded on the open for a
nice percentage gain) and new buying came in and the market
went into a trend-up move until around 11 am. After the ES
reached 1098.25, it pulled back to 1091.00 and then the
market turned up again. However, the move fizzled/reversed
at 1097.25, and with that being good resistance the market
sold off into the close.
Last Tuesday night, with the market trading near its highs,
I stated :
"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."
The Wednesday session was quiet, but the ES really struggled
around the 1110 level. Then when the news broke that another
bank was in trouble, that was the straw that broke the
bull's back, and was the impetus for a very sharp drop. The
market turned up from a decent support area on Friday, and
then the ES rallied back 20 points. That was a very nice
bounce, so a test of that area should hold unless we have a
panic selloff. If the market cannot hold on a test of the
Friday lows, a trip towards the 1068.50-1067.75 area or
lower could be in the cards.
On Monday look for early strength that fails under the
initial resistance to set up a shorting opportunity. If that
plays out, or there is early weakness that reverses near the
1083.00-1082.50 area, it could set up a buying opportunity.
If that area isn't held, then the Friday lows should be
tested before a reversal attempt. For now, the bounces are
better shorting opportunities unless a test of the Friday
lows is reversed.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1097.50-1098.25
1102.50-1103.25
1108.50-1109.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1088.25-1087.50
1083.00-1082.50
1078.00-1077.50
1068.50-1067.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1778.50-1779.75
1785.50-1786.50
1794.25-1795.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1758.25-1757.75
1751.50-1751.00
1743.00-1741.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10364-10367
10398-10402
10447-10451
December 2009 Dow futures support
symbols: emini = ymz9
10282-10278
10247-10242
10207-10202
---------------------------
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.
*************************************************
Friday, November 27, 2009
Today's Trading Recap: 11/24/09
HOW OUR DAY WENT:
We were shorting early strength 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 rallied to
1106.75, where it was sold pre-open, and members were
given the "top is in" alert. The moves were not going to
stick, and the ES dropped 4+ points to 1102.50 in the
last 15 minutes.
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)
We were shorting early strength 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 rallied to
1106.75, where it was sold pre-open, and members were
given the "top is in" alert. The moves were not going to
stick, and the ES dropped 4+ points to 1102.50 in the
last 15 minutes.
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)
Sunday, November 22, 2009
TradeStalker's RBI Update 11/22/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 22 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 11/22/2009
The market started last week by reaching new highs for the
year on Monday, and it was down hill from there. After
making a high at 1112.25 on Monday, the ES tested the
1100.75-1100.25 area on the pullbacks, and then broke that
range on Thursday's open. The bounces all failed on the way
to a 1085.25 low on Friday. The ES then rallied back to the
1092-1093 updated resistance zone, and then the ES 3.50
points from 1092.75 to 1089.25 just before the close.
On Friday the market was able to hold together and rally
back to a pretty good resistance area. Although a few
internal gauges are close to getting oversold, the market
still isn't acting very well. The ES *did* get over the 1088
intraday resistance, and then held it on the pullback when
the ES dropped from 1090.75 to 1088.25. The run up to the
1092.75 resistance area started there, so that should be
pivotal early on Monday. If it's broken, then we could have
a down day that doesn't give a nice bounce that has been
expected lately.
In addition, the 1092-1093 zone was rejected, and a test of
that area on Monday morning will likely be sold. How the
market acts at the 1092.25-1092.75 area on an early pop
should be telling, and it should set up a very good short if
the move reverses early. If that area is exceeded, there
shouldn't be too much more on the upside. A move back to the
1100.25-1100.75 will be a shorting opportunity if the market
gets that far, and that area is rejected. A pullback will
need to hold the 1088.50-1088.00 area on the ES, or quickly
reverse if that is broken. f that area is not defended by
the late buyers on Friday, then we could have a sharp drop
to 1083.00-1082.50 or lower before any kind of reversal
attempt.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1092.25-1092.75
1095.00-1095.50
1100.25-1100.75
1105.00-1105.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1088.50-1088.00 *pivotal
1085.25
1083.00-1082.50
1078.00-1077.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1767.50-1768.00
1775.00-1775.50
1780.00-1781.25
1788.75-1790.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1760.50-1759.75 *pivotal
1756.75
1754.00-1753.50
1748.25-1747.50
December 2009 Dow futures resistance
symbols: emini = ymz9
10328-10331
10352-10358
10406-10410
10438-10441
December 2009 Dow futures support
symbols: emini = ymz9
10286-10283 *pivotal
10253
10232-10229
10191-10187
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 22 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 11/22/2009
The market started last week by reaching new highs for the
year on Monday, and it was down hill from there. After
making a high at 1112.25 on Monday, the ES tested the
1100.75-1100.25 area on the pullbacks, and then broke that
range on Thursday's open. The bounces all failed on the way
to a 1085.25 low on Friday. The ES then rallied back to the
1092-1093 updated resistance zone, and then the ES 3.50
points from 1092.75 to 1089.25 just before the close.
On Friday the market was able to hold together and rally
back to a pretty good resistance area. Although a few
internal gauges are close to getting oversold, the market
still isn't acting very well. The ES *did* get over the 1088
intraday resistance, and then held it on the pullback when
the ES dropped from 1090.75 to 1088.25. The run up to the
1092.75 resistance area started there, so that should be
pivotal early on Monday. If it's broken, then we could have
a down day that doesn't give a nice bounce that has been
expected lately.
In addition, the 1092-1093 zone was rejected, and a test of
that area on Monday morning will likely be sold. How the
market acts at the 1092.25-1092.75 area on an early pop
should be telling, and it should set up a very good short if
the move reverses early. If that area is exceeded, there
shouldn't be too much more on the upside. A move back to the
1100.25-1100.75 will be a shorting opportunity if the market
gets that far, and that area is rejected. A pullback will
need to hold the 1088.50-1088.00 area on the ES, or quickly
reverse if that is broken. f that area is not defended by
the late buyers on Friday, then we could have a sharp drop
to 1083.00-1082.50 or lower before any kind of reversal
attempt.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1092.25-1092.75
1095.00-1095.50
1100.25-1100.75
1105.00-1105.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1088.50-1088.00 *pivotal
1085.25
1083.00-1082.50
1078.00-1077.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1767.50-1768.00
1775.00-1775.50
1780.00-1781.25
1788.75-1790.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1760.50-1759.75 *pivotal
1756.75
1754.00-1753.50
1748.25-1747.50
December 2009 Dow futures resistance
symbols: emini = ymz9
10328-10331
10352-10358
10406-10410
10438-10441
December 2009 Dow futures support
symbols: emini = ymz9
10286-10283 *pivotal
10253
10232-10229
10191-10187
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.
*************************************************
Thursday, November 19, 2009
TradeStalker's RBI Update 11/18/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 18 / 2009
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 11/18/2009
To start the day on Wednesday, our early game-plan was to
get short if there was early strength near the Tuesday high
on the ES. The ES popped up and then reversed from 2 ticks
over Tuesday's 1109.00 high, dropping 8.25 points from
1109.50 to 1100.75. The ES rallied to 1108.00, but as
stated, the 1104 level had to hold or the low would be
tested. After breaking that 1104 level, the ES went to
1101.25 for a test of the low. The bounce off of that level
reversed at the updated 1105.50-1106.00 resistance and
pulled back to 1103.00 with an hour left in trading. Buying
and shorts covering started and the market went back up to
test the morning highs by the close.
The trading range looks like it will continue for a while
longer. The ES has good, and important, support at the
1101.25-1100.25 area. As long as that is held, the market
will be in decent shape. If that area is broken, then the
market will undergo a deeper selloff. For now it looks like
the market will stay in a trading range unless that break-
down occurs. If the ES breaks out over the 1112.25-1112.75
area, and doesn't quickly reverse, then the ES could head
towards the 1117.75-1118.50 zone if there is a short term
melt-up move. However, if the 1112.25-1112.75 area or lower
is sold, then a decent pullback towards the 1106.00-1105.25
should occur. That area needs to hold to keep the trends up.
So look for early strength to set up another good shorting
opportunity. The first pullback then needs to hold the
1106.00-1105.25 to stay in bullish mode. If that isn't held,
and the 1101.25-1100.25 area is tested but not reversed,
then a drop to the 1097.50-1096.50 area would need to
quickly reverse to avoid a sizable selloff.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1109.00-1109.50
1112.25-1112.75
1117.75-1118.50
1120.50-1121.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1106.00-1105.25
1101.25-1100.25
1097.50-1096.50
1092.75-1092.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1801.50-1802.50
1806.75-1807.75
1815.75-1816.75
1821.50-1822.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1796.50-1796.00
1789.50-1788.75
1785.75-1785.00
1777.50-1775.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10406-10410
10432-10436
10496-10501
10519-10523
December 2009 Dow futures support
symbols: emini = ymz9
10380-10377
10342-10338
10283-10278
10235-10232
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 18 / 2009
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 11/18/2009
To start the day on Wednesday, our early game-plan was to
get short if there was early strength near the Tuesday high
on the ES. The ES popped up and then reversed from 2 ticks
over Tuesday's 1109.00 high, dropping 8.25 points from
1109.50 to 1100.75. The ES rallied to 1108.00, but as
stated, the 1104 level had to hold or the low would be
tested. After breaking that 1104 level, the ES went to
1101.25 for a test of the low. The bounce off of that level
reversed at the updated 1105.50-1106.00 resistance and
pulled back to 1103.00 with an hour left in trading. Buying
and shorts covering started and the market went back up to
test the morning highs by the close.
The trading range looks like it will continue for a while
longer. The ES has good, and important, support at the
1101.25-1100.25 area. As long as that is held, the market
will be in decent shape. If that area is broken, then the
market will undergo a deeper selloff. For now it looks like
the market will stay in a trading range unless that break-
down occurs. If the ES breaks out over the 1112.25-1112.75
area, and doesn't quickly reverse, then the ES could head
towards the 1117.75-1118.50 zone if there is a short term
melt-up move. However, if the 1112.25-1112.75 area or lower
is sold, then a decent pullback towards the 1106.00-1105.25
should occur. That area needs to hold to keep the trends up.
So look for early strength to set up another good shorting
opportunity. The first pullback then needs to hold the
1106.00-1105.25 to stay in bullish mode. If that isn't held,
and the 1101.25-1100.25 area is tested but not reversed,
then a drop to the 1097.50-1096.50 area would need to
quickly reverse to avoid a sizable selloff.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1109.00-1109.50
1112.25-1112.75
1117.75-1118.50
1120.50-1121.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1106.00-1105.25
1101.25-1100.25
1097.50-1096.50
1092.75-1092.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1801.50-1802.50
1806.75-1807.75
1815.75-1816.75
1821.50-1822.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1796.50-1796.00
1789.50-1788.75
1785.75-1785.00
1777.50-1775.75
December 2009 Dow futures resistance
symbols: emini = ymz9
10406-10410
10432-10436
10496-10501
10519-10523
December 2009 Dow futures support
symbols: emini = ymz9
10380-10377
10342-10338
10283-10278
10235-10232
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.
*************************************************
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