HOW OUR DAY WENT:
We came in to Friday expecting a decent
sized drop, potentially to the 1192.50-1191.50 zone. The ES
had a gap down open, and that was bought and the ES bounced
to 1206.00 and stalled/ reversed. The ES dropped to 1200.00
and bounced back, but double top at 1206 resistance gave us
a re-entry just before the Goldman news and the ES dropped
13.50 points to the 1192.50-1191.50 zone before any kind of
bounce occurred. Members were told to stay with the short
side, and the ES dropped 13 points from 1197.75 to 1184.50
before reversing with a bit of gusto. After getting to 1193.50,
a pullback reversed from just under the 1188.50 support, but
made a double top at 1193.50 before the close. The volatility
picked up, meaning more opportunities ahead.
CLICK HERE FOR FREE TRADING VIDEOS!
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Showing posts with label emini nas. Show all posts
Showing posts with label emini nas. Show all posts
Wednesday, April 21, 2010
Tuesday, April 06, 2010
Today's Trading Recap: 04/05/10
HOW OUR DAY WENT:
The gap up open was sold on Monday and
the ES dropped 4 points from 1178.50 to 1174.50 (right at
the 1174.75-1174.00 support zone) and turned right back up.
That lead to a good rally, as the ES made a new high for the
year at 1183.75 about 90 minutes into the trading day. That
turned into the top of a narrow 2.75 point range between that
1183.75 high on top and 1181.00 on the bottom as the market
traded sideways after the first 90 minutes of trading.
CLICK HERE FOR FREE TRADING VIDEOS!
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The gap up open was sold on Monday and
the ES dropped 4 points from 1178.50 to 1174.50 (right at
the 1174.75-1174.00 support zone) and turned right back up.
That lead to a good rally, as the ES made a new high for the
year at 1183.75 about 90 minutes into the trading day. That
turned into the top of a narrow 2.75 point range between that
1183.75 high on top and 1181.00 on the bottom as the market
traded sideways after the first 90 minutes of trading.
CLICK HERE FOR FREE TRADING VIDEOS!
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Thursday, April 01, 2010
Today's Trading Recap: 03/31/10
HOW OUR DAY WENT:
A lower open was bought on Wednesday, but
the bounce didn't stick and the ES dropped from 1167.00 to
1161.25 in the first 25 minutes of trading. The move then
reversed back up, and the ES rallied back to 1170.50 before
pulling back. A bounce back to 1170.50 was rejected again,
and then a 123 top formed getting us short and the ES headed
7.75 points lower in a hurry.
CLICK HERE FOR FREE TRADING VIDEOS!
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
A lower open was bought on Wednesday, but
the bounce didn't stick and the ES dropped from 1167.00 to
1161.25 in the first 25 minutes of trading. The move then
reversed back up, and the ES rallied back to 1170.50 before
pulling back. A bounce back to 1170.50 was rejected again,
and then a 123 top formed getting us short and the ES headed
7.75 points lower in a hurry.
CLICK HERE FOR FREE TRADING VIDEOS!
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Friday, March 26, 2010
Today's Trading Recap: 03/24/10
HOW OUR DAY WENT:
The ES opened lower and then bounced from
the 1164.00 support level and rallied 4.75 points to 1168.75
and the move stalled and reversed. After the ES made a wedge
pattern I sent an I.M. warning of a break, and the ES dropped
from 1167.25 to 1161.00 before turning back up.
Good Trading,
Mike Reed
TradeStalker.com
The ES opened lower and then bounced from
the 1164.00 support level and rallied 4.75 points to 1168.75
and the move stalled and reversed. After the ES made a wedge
pattern I sent an I.M. warning of a break, and the ES dropped
from 1167.25 to 1161.00 before turning back up.
Good Trading,
Mike Reed
TradeStalker.com
Thursday, February 18, 2010
Today's Trading Recap: 02/16/10
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)
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)
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 01/26/10
.................................................
TradeStalker's
R.B.I. Trader's Update
1 / 26 / 2010
(Published Since 1996)
...............................................
Dateline: 6:01 pm eastern time, 1/26/2010
The ES opened at the 1087.00-1086.25 support and then
bounced to the 1091.75 closing range from Monday. A drop
back to 1086.50 was reversed, and with a double bottom in
place at support it set up a trade on the long side and the
ES rallied 9.50 points to the 1095.50 reversal area. Then
from 1096.00 the ES dropped 4.75 points to 1091.25 and
turned back up. The 1095.50 level was exceeded, then held at
that level on a dip, which set up a trade on the long side.
The upside got going and the ES reached 1100.00. After a
dip, the ES made a double top/ 123 top from 1100.00 and we
jumped on the short side. A 4+ point drop to 1094.75
followed. Updated resistance at 1096.75-1097.75 was tested,
and from 1097.50 the ES rolled over at 3pm and dropped 12
points to 1085.50 in the last 10 minutes of futures trading
as another rally failed on Tuesday.
On Wednesday we get the Fed policy decision for interest
rates at 2:15pm. The volatility has been fantastic, and that
should continue. The ES now has 3 bottoms at the 1086.50-
1085.50 area. Normally a 4th try will break through. If that
occurs, then we will have a good chance of reaching the
1082.00-1081.00 major support area, which was reached on
Tuesday before stocks opened. If the market gets down there,
and can turn back up and rally strongly then a low can be
put in place for a decent move back up. If that area is not
held, then the market could be in the midst of more than a
correction.
On Wednesday look for an early bounce if the initial support
is not broken, but the early strength should be sold and
especially if the 1096.75-1097.50 area on the ES is
rejected. If the ES drops to the 1082-1081 area and can
reverse and then get back over the 1086 level, then a short
term low could be in place. If the market sells off, and can
not get back over the 1086 area, then lower prices should be
in the cards.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1091.00-1091.75
1096.75-1097.50
1099.00-1100.00
1104.00-1104.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1086.00-1085.50
1082.00-1081.00
1077.50-1076.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1805.75-1806.50
1815.00-1816.00
1823.50-1824.00
1830.75-1831.75
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1796.50-1796.00
1790.50-1789.50
1783.50-1782.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10164-10168
10209-10214
10234-10236
10268-10273
March 2010 Dow futures support
symbols: emini = ymh0
10129-10126
10094-10069
10038-10032
---------------------------
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 / 26 / 2010
(Published Since 1996)
...............................................
Dateline: 6:01 pm eastern time, 1/26/2010
The ES opened at the 1087.00-1086.25 support and then
bounced to the 1091.75 closing range from Monday. A drop
back to 1086.50 was reversed, and with a double bottom in
place at support it set up a trade on the long side and the
ES rallied 9.50 points to the 1095.50 reversal area. Then
from 1096.00 the ES dropped 4.75 points to 1091.25 and
turned back up. The 1095.50 level was exceeded, then held at
that level on a dip, which set up a trade on the long side.
The upside got going and the ES reached 1100.00. After a
dip, the ES made a double top/ 123 top from 1100.00 and we
jumped on the short side. A 4+ point drop to 1094.75
followed. Updated resistance at 1096.75-1097.75 was tested,
and from 1097.50 the ES rolled over at 3pm and dropped 12
points to 1085.50 in the last 10 minutes of futures trading
as another rally failed on Tuesday.
On Wednesday we get the Fed policy decision for interest
rates at 2:15pm. The volatility has been fantastic, and that
should continue. The ES now has 3 bottoms at the 1086.50-
1085.50 area. Normally a 4th try will break through. If that
occurs, then we will have a good chance of reaching the
1082.00-1081.00 major support area, which was reached on
Tuesday before stocks opened. If the market gets down there,
and can turn back up and rally strongly then a low can be
put in place for a decent move back up. If that area is not
held, then the market could be in the midst of more than a
correction.
On Wednesday look for an early bounce if the initial support
is not broken, but the early strength should be sold and
especially if the 1096.75-1097.50 area on the ES is
rejected. If the ES drops to the 1082-1081 area and can
reverse and then get back over the 1086 level, then a short
term low could be in place. If the market sells off, and can
not get back over the 1086 area, then lower prices should be
in the cards.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1091.00-1091.75
1096.75-1097.50
1099.00-1100.00
1104.00-1104.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1086.00-1085.50
1082.00-1081.00
1077.50-1076.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1805.75-1806.50
1815.00-1816.00
1823.50-1824.00
1830.75-1831.75
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1796.50-1796.00
1790.50-1789.50
1783.50-1782.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10164-10168
10209-10214
10234-10236
10268-10273
March 2010 Dow futures support
symbols: emini = ymh0
10129-10126
10094-10069
10038-10032
---------------------------
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 12, 2010
Today's Trading Recap: 01/11/10
HOW OUR DAY WENT:
The gap up open reversed from the 1146.50-
1148.00 resistance on Monday, and sold off to a low at the
1137.75-1137.25 support zone.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The gap up open reversed from the 1146.50-
1148.00 resistance on Monday, and sold off to a low at the
1137.75-1137.25 support zone.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Sunday, January 10, 2010
Today's Trading Recap: 01/07/10
HOW OUR DAY WENT:
The early weakness took the ES to the
1128 support and it quickly reversed setting up a trade for
a bounce. The ES ran up to the 1135.00 resistance and then
pulled back. Then the ES broke 1131 and held that on a dip,
keeping upside intact. After running to 1138.50, the ES
dropped right to the 1134.50 updated support where buying
came in and gave us a run back to test the high.
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 early weakness took the ES to the
1128 support and it quickly reversed setting up a trade for
a bounce. The ES ran up to the 1135.00 resistance and then
pulled back. Then the ES broke 1131 and held that on a dip,
keeping upside intact. After running to 1138.50, the ES
dropped right to the 1134.50 updated support where buying
came in and gave us a run back to test the high.
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)
Tuesday, January 05, 2010
TradeStalker's RBI Update 01/04/10
.................................................
TradeStalker's
R.B.I. Trader's Update
1 / 4 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 1/4/2010
The market opened much higher on Monday, and the move
continued in trend up fashion until poking over the 1128.50-
1129.00 resistance zone. The ES reached 1129.75 while the NQ
stayed under its 1889.00 early high all morning and
afternoon. A double top gave a small pullback to 1127.50
which turned into a double bottom just before the close.
The market had a very good start to the new year. However,
if things haven't changed much, the buyers will back away
until there is another decent pullback. The market may be
able to work its way higher, however at these levels the
better intraday setups are likely going to come on the short
side when new highs are sold into, then bought back after a
decent pullback.
We get Factory Orders and Pending Home Sales 30 minutes into
the day. If there is early strength on Tuesday, and the
upside fizzles and reverses from around the 1130 level on
the ES, it should offer a good shorting opportunity. If
there is a decent pullback, and the 1124.00-1123.25 area is
held or reversed, then a bounce back could be underway. If
that area is not held, then it appears that the 1120.50-
1119.50 area will be a pivotal area. That area should hold
if the first week of the year is going to be strong.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1129.75-1130.50
1135.75-1136.50
1141-1143
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1127.50-1126.75
1124.00-1123.25
1120.50-1119.50
1115.00-1114.50
1110.25-1109.75
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1888.50-1889.25
1894.00-1894.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1883.50-1883.00
1880.00-1878.50
1875.00-1874.00
1868.50-1867.75
1860.00-1858.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10554-10558
10611-10616
March 2010 Dow futures support
symbols: emini = ymh0
10517-10512
10504-10501
10440-10435
10388-10384
10360-10357
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Good Trading,
Mike Reed
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
1 / 4 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 1/4/2010
The market opened much higher on Monday, and the move
continued in trend up fashion until poking over the 1128.50-
1129.00 resistance zone. The ES reached 1129.75 while the NQ
stayed under its 1889.00 early high all morning and
afternoon. A double top gave a small pullback to 1127.50
which turned into a double bottom just before the close.
The market had a very good start to the new year. However,
if things haven't changed much, the buyers will back away
until there is another decent pullback. The market may be
able to work its way higher, however at these levels the
better intraday setups are likely going to come on the short
side when new highs are sold into, then bought back after a
decent pullback.
We get Factory Orders and Pending Home Sales 30 minutes into
the day. If there is early strength on Tuesday, and the
upside fizzles and reverses from around the 1130 level on
the ES, it should offer a good shorting opportunity. If
there is a decent pullback, and the 1124.00-1123.25 area is
held or reversed, then a bounce back could be underway. If
that area is not held, then it appears that the 1120.50-
1119.50 area will be a pivotal area. That area should hold
if the first week of the year is going to be strong.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1129.75-1130.50
1135.75-1136.50
1141-1143
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1127.50-1126.75
1124.00-1123.25
1120.50-1119.50
1115.00-1114.50
1110.25-1109.75
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1888.50-1889.25
1894.00-1894.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1883.50-1883.00
1880.00-1878.50
1875.00-1874.00
1868.50-1867.75
1860.00-1858.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10554-10558
10611-10616
March 2010 Dow futures support
symbols: emini = ymh0
10517-10512
10504-10501
10440-10435
10388-10384
10360-10357
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Good Trading,
Mike Reed
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 01/03/10
.................................................
TradeStalker's
R.B.I. Trader's Update
1 / 3 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 1/3/2010
The market was acting toppy early last week, as the pops
into the new high territory were repeatedly sold. Then on
Wednesday the ES dropped to the 1117.75-1117.00 key support,
and managed to bounce back to 1124.00 on Thursday's open.
That didn't stick either, as the early strength was once
again sold on Thursday. The ES dropped to the 1117.75-
1117.00 key support, and then churned just over that zone
going into the last 30 minutes of trading on Thursday. That
area finally broke, and a sharp drop to 1109.75 occurred at
the 4 pm close for stocks. The futures rallied back in the
last 15 minutes, but end-of-quarter "settlement at fair
value" had them settle the day near the day and weekly lows.
The market looks like it topped for a bit. The ES gave back
the 6+ days of upside in just 30 minutes on Thursday. The
daily indicators are a day or so from getting oversold, and
the VIX reversed and jumped up after getting under 20 for a
few days. So it looks like there should be more to go on the
downside before a decent low can be put in place.
On Monday look for early strength to be sold and then if the
ES can hold and reverse from around the 1108 area, a decent
bounce could occur. Just don't expect the bounces to stick
unless the 1121.50-1122.00 area is exceeded and not quickly
reversed.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1114.50-1115.00 **minor early
1117.50-1118.00
1121.50-1122.00 **key area
1125.75-1126.25
1128.50-1129.00 ** major
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1110.25-1109.75
1108.00
1105.25-1104.50
1098.00-1097.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1864.50-1865.00 **minor early
1868.50-1869.00
1872.50-1873.00 **key area
1881.00-1882.00
1886.00-1886.50 ** major
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1858.50-1857.75
1855.00
1852.00-1851.75
1842.75-1841.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10413-10415 **minor early
10426-10430
10462-10465 **key area
10497-10501
10525-10529 ** major
March 2010 Dow futures support
symbols: emini = ymh0
10364-10360
10333
10317-10314
10271-10267
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
1 / 3 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 1/3/2010
The market was acting toppy early last week, as the pops
into the new high territory were repeatedly sold. Then on
Wednesday the ES dropped to the 1117.75-1117.00 key support,
and managed to bounce back to 1124.00 on Thursday's open.
That didn't stick either, as the early strength was once
again sold on Thursday. The ES dropped to the 1117.75-
1117.00 key support, and then churned just over that zone
going into the last 30 minutes of trading on Thursday. That
area finally broke, and a sharp drop to 1109.75 occurred at
the 4 pm close for stocks. The futures rallied back in the
last 15 minutes, but end-of-quarter "settlement at fair
value" had them settle the day near the day and weekly lows.
The market looks like it topped for a bit. The ES gave back
the 6+ days of upside in just 30 minutes on Thursday. The
daily indicators are a day or so from getting oversold, and
the VIX reversed and jumped up after getting under 20 for a
few days. So it looks like there should be more to go on the
downside before a decent low can be put in place.
On Monday look for early strength to be sold and then if the
ES can hold and reverse from around the 1108 area, a decent
bounce could occur. Just don't expect the bounces to stick
unless the 1121.50-1122.00 area is exceeded and not quickly
reversed.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1114.50-1115.00 **minor early
1117.50-1118.00
1121.50-1122.00 **key area
1125.75-1126.25
1128.50-1129.00 ** major
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1110.25-1109.75
1108.00
1105.25-1104.50
1098.00-1097.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1864.50-1865.00 **minor early
1868.50-1869.00
1872.50-1873.00 **key area
1881.00-1882.00
1886.00-1886.50 ** major
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1858.50-1857.75
1855.00
1852.00-1851.75
1842.75-1841.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10413-10415 **minor early
10426-10430
10462-10465 **key area
10497-10501
10525-10529 ** major
March 2010 Dow futures support
symbols: emini = ymh0
10364-10360
10333
10317-10314
10271-10267
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 12/27/09
.................................................
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.
*************************************************
Today's Trading Recap: 12/21/09
HOW OUR DAY WENT:
The market gapped up and kept going
until reaching the 1111.50-1112.00 resistance zone on
the ES. The 1112.00 level was rejected and the ES pulled
back to 1109.00 updated support before heading back up. The
bounce failed at 1113.25, and after the break the 1111.25
level was new resistance. A bounce from the 1109.00 support
was reversed at 1111.50 and it started a drop to 1107.50
and a poor 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)
The market gapped up and kept going
until reaching the 1111.50-1112.00 resistance zone on
the ES. The 1112.00 level was rejected and the ES pulled
back to 1109.00 updated support before heading back up. The
bounce failed at 1113.25, and after the break the 1111.25
level was new resistance. A bounce from the 1109.00 support
was reversed at 1111.50 and it started a drop to 1107.50
and a poor 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)
Subscribe to:
Posts (Atom)
