TradeStalker's RBI Update 04/21/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 21 / 2010

(Published Since 1996)

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

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

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

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

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

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

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

1202.50-1203.00
1205.00
1207.50-1208.50


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

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


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

2029.50-2030.00
2033.75
2037.75-2038.50


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

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


June 2010 Dow futures resistance
symbols: emini = ymm0

11071-11074
11086
11097-11101


June 2010 Dow futures support
symbols: emini = ymm0

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

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 04/20/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 20 / 2010

(Published Since 1996)

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

Dateline: 6:25 pm eastern time, 4/20/2010

The gap up open was sold on Tuesday, then the first pullback
held just over the Monday high of 1196.50. After tagging
1197.00 3 times, the market turned back up about an hour
into the trading day. The rally stopped after a poke over
1204.50 resistance was rejected, but the 1202 level was
quickly reversed and a move up made a double top at
resistance. That gave a small pullback to 1202.00 support,
and the futures closed at their highs while stocks dropped
into the close.

There was a gap left on the daily chart at 1196.50 on
Tuesday. After the close, the futures are higher on Apple's
earnings and another gap up will occur if the market opens
higher on Wednesday. Odds of the gap filling on the daily
chart are very good on Wednesday, so if there is early
strength it should offer a nice shorting opportunity as soon
as the upside stalls out (especially if that's from the
1207.50-1208.50 area). That should happen within the first
40 minutes at the latest.

Then, as long as a pullback holds the 1202.00-1201.50 area,
the upside should remain intact. If shorting early strength
plays out, and a pullback turns up from near the 1202.00-
1201.50 area (or higher) around 90 minutes into the day,
then it could be a low and start a good rally. However, if
that 1202.00-1201.50 area is broken, then the market
character is changing and it should have a hard time
recovering so the bounces would turn into shorting
opportunities.


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

1207.50-1208.50 **key early
1210.50-1212.00
1217.50-1218.00

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

1202.00-1201.50 **must hold
1197.00-1196.50
1194.00-1193.50

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

2037.75-2038.25 **key early
2040.50-2041.50
2048.75-2049.50

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

2019.50-2018.75 **must hold
2008.00-2007.00
2000.25-1999.50

June 2010 Dow futures resistance
symbols: emini = ymm0

11090-11094 **key early
11128-11134
11162-11168

June 2010 Dow futures support
symbols: emini = ymm0

11058-11055 **must hold
11027-11023
11000-10996

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 04/20/10

HOW OUR DAY WENT:

The gap up open was sold, then the first
pullback held just over the Monday high of 1196.50. After
tagging 1197.00 3 times, the market turned back up. The rally
stopped after a poke over 1204.50 resistance was rejected,
but the 1202 level was quickly reversed and a move up made a
double top at resistance. That gave a small pullback to
1202.00 support, and the futures closed at their highs while
stocks dropped into the close.

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com


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

TradeStalker's RBI Update 04/15/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 15 / 2010

(Published Since 1996)

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


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

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

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

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

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


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

1209.75-1210.50
1212.00-1212.50
1217.50-1218.00

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

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

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

2037.00-2037.75
2040.75-2041.50
2046.75-2048.00

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

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

June 2010 Dow futures resistance
symbols: emini = ymm0

11099-11104
11122-11125
11174-11178

June 2010 Dow futures support
symbols: emini = ymm0

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

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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 04/13/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 13 / 2010

(Published Since 1996)

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


Dateline: 7:10 pm eastern time, 4/13/2010

The ES opened lower, bounced to 1192.50 about 25 minutes
into trading then stalled out. That strength was sold and
the ES rolled over and fell 7.50 points to the 1185.00-
1184.50 support zone. The 1188.00-1188.50 zone was broken
and then it held on a pullback, and it was a stair-step
higher to test the Monday high at 1195.75. A 123 pattern was
made and the ES dropped to 1192.50 new support at the close.

After the close earnings reports has the market trading
higher as this is written. If that carries over into
Wednesday morning, it should set up a decent short in the
first 20-40 minutes. It would be an "easier" short if the ES
reverses from near the 1198.50-1199.50 zone on the ES. If
that plays out, then look for the 1192.50-1191.50 zone for
pivotal support. A turn back up from that area will keep the
rally alive. A break and hold under that area would start a
transition to the downside.

NOTE: I will be away until early afternoon on Wednesday. The
first intraday update will be sent when I return.


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

1195.50-1196.25
1198.50-1199.50
1202.00-1204.00

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

1192.50-1191.50
1188.50-1188.00
1185.00-1184.50 **key


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

2010.50-2011.00
2014.75-2016.00
2019.75-2020.50

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

2001.00-1999.50
1991.00-1990.00
1985.25-1984.25 **key


June 2010 Dow futures resistance
symbols: emini = ymm0

10987-10991
11001-11006
11041-11045

June 2010 Dow futures support
symbols: emini = ymm0

10955-10951
10934-10930
10892-10888 **key


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

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 04/12/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 12 / 2010

(Published Since 1996)

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


Dateline: 6:12 pm eastern time, 4/12/2010


On Monday morning we had a perfect set-up per the Sunday
night update. As stated:

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

The ES popped up to 1194.75 in the first 20 minutes,
stalled, then dropped 4 points to 1190.75. Per usual of
late, buyers stepped in and the market bounced, but it had
no gusto and shorts offered the better opportunity late day.
The ES dropped to 1191.00 and bounced feebly back to 1193.50
after stocks closed while the NQ was sold into the close.

On Sunday night the ES shot up to the 1198.50 resistance,
and then dropped until just before stocks opened on Monday.
The market wasn't as lively during regular trading hours as
the ES had just a 5 point range on Monday. The Vix made a
gap down on Monday, and if it goes back over 16 some sell
signals will be given.

On Tuesday, as long as the 1191 level on the ES holds, the
market will avoid trouble. Just don't expect much on the
upside. If the 1198.50-1199.50 area on the ES is tested,
beware of a good sized reversal.


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

1195.00-1195.50
1198.50-1199.50
1202.00-1204.00

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

1191.50-1191.00
1188.50-1188.00
1185.00-1184.50 **key
1182.25-1182.00 **S.T.Major
1178.00-1177.50

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

1997.25-1998.00
2001.50-2002.50
2007.50-2008.50

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

1990.50-1989.50
1986.50-1985.75
1982.00-1981.25 **key
1977.75-1977.00 **S.T.Major

June 2010 Dow futures resistance
symbols: emini = ymm0

10972-10976
11001-11006
11041-11045

June 2010 Dow futures support
symbols: emini = ymm0

10941-10938
10922-10917
10896-10892 **key
10881-10879 **S.T.Major

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 04/12/10

HOW OUR DAY WENT:

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

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

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

Good Trading,
Mike Reed
TradeStalker.com

Today's Trading Recap: 04/07/10

HOW OUR DAY WENT:

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

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 04/06/10

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

TradeStalker's

R.B.I. Trader's Update

4 / 6 / 2010

(Published Since 1996)

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

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

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

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

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

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


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

1186.00-1186.50
1188.00
1189.25-1190.25
1193.50-1194.00

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

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


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

1981.00-1982.00
1985.75
1987.50-1988.50
1994.50-1995.25

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

1977.50
1973.75-1973.00
1966.25-1965.50
1962.50-1961.75

June 2010 Dow futures resistance
symbols: emini = ymm0

10917-10920
10927
10941-10944
10964-10968

June 2010 Dow futures support
symbols: emini = ymm0

10904
10896-10892
10880-10877
10864-10860


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 04/06/10

HOW OUR DAY WENT:

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

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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)

TradeStalker's RBI Update 03/31/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 31 / 2010

(Published Since 1996)

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

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

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

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

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

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

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

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

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

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


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

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


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

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


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

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


June 2010 Dow futures resistance
symbols: emini = ymm0

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


June 2010 Dow futures support
symbols: emini = ymm0

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


CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

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)

TradeStalker's RBI Update 03/30/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 30 / 2010

(Published Since 1996)

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

Dateline: 6:36 pm eastern time, 3/30/2010

It looked like the market could make a run up to test the
recent highs early on Tuesday, and the averages all rallied
to within a few points of those highs in the first half
hour. Then the move stalled, reversed, and sold off 9.50
points on the ES and 19.75 points on the NQ. The 1164.25 low
was just over the 1163.75-1163.00 **key support and kept the
market from falling apart. The market managed to work its
way back towards the highs, then pulled back into the close.

The market is still spinning its wheels up at these levels,
but the ES so far has refused to stay over the 1170 level
for very long. At this juncture, with the upside looking
like it is very limited, the focus will be on selling the
bounces that are showing rejection, like the 1171.00 level
late on Tuesday. Then, if the market obliges and pulls back,
take partial profits and trail a stop on the rest as the
market can come under pressure at any time now. If the
market shows signs of turning back up from near the 10880
area on the Dow cash, then no harm is done. However, if that
level on the Dow and the 1166 area on the ES is tested/
broken and not quickly reversed, then it's more than a
pullback and the downside could finally begin to unwind.


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

1171.00-1171.50
1173.25-1173.75
1176.50-1177.00
1181.50-1182.50

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

1168.50
1166.00
1163.75-1163.00
1159.50-1157.75
1156.50-1155.75
1148.50-1147.75


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

1967.50-1968.00
1971.50-1972.50
1976.75-1977.25

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

1963.75
1958.00
1952.25-1950.75
1944.25-1942.50
1939.25-1938.50

June 2010 Dow futures resistance
symbols: emini = ymm0

10862-10865
10875-10879
10889-10894

June 2010 Dow futures support
symbols: emini = ymm0

10846
10819
10801-10798
10771-10766
10753-10747

CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 03/29/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 29 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 3/29/2010

The market opened higher on Monday and after reaching
1169.75 just over 20 minutes into the day, the market pulled
back. The ES held at 1165.75 and reversed back up after an
hour of trading and the ES rallied to the 1170.75-1171.50
key resistance zone. The ES reached 1171.00 and quickly
backed off 4.25 points to 1166.75. From there, the market
did very little but did manage to chop its way back towards
the highs before the close.

On Tuesday we get the Case-Shiller housing index before the
open and then the Consumer Confidence number 30 minutes into
the trading day. The SP futures had just a 5.75 point range
on Monday. The market sure acted top heavy as the bounces
couldn't stick, but the 10880 area on the Dow Cass along
with the 1166.75-1166.25 zone on the ES held 3 times on
Monday. To turn things down, the market would need to break
those areas and then see them turn into resistance on a
bounce.

As it stands right now, as long as those areas are not
broken, the market has a chance to rally towards the
1176.00-1176.50 zone and potentially make a double top up
there. However, if the initial resistance is not broken and
held, or the initial support is broken, then this bounce
could be the end of a 1-2-3 type of top on the daily chart
and a good sized drop is just beginning.

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

1170.75-1171.50 **key
1176.00-1176.50
1181.50-1182.50


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

1166.75-1166.25
1163.75-1163.00 **key
1159.50-1157.75
1156.50-1155.75
1148.50-1147.75


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

1965.50-1966.50 **key
1972.75-1974.25


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

1954.50-1954.00
1950.25-1948.75 **key
1944.25-1942.50
1939.25-1938.50


June 2010 Dow futures resistance
symbols: emini = ymm0

10858-10862 **key
10889-10894


June 2010 Dow futures support
symbols: emini = ymm0

10822-10818
10801-10798 **key
10771-10766
10753-10747


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 03/29/10

HOW OUR DAY WENT:

We had a higher open over the initial resistance but the move up stalled/ reversed 23minutes into the trading day and the ES dropped 4 points. A bounce then reached 1171.00, right at the 1170.75-1171.50 **key** resistance, and it was rejected and the ES dropped 4.25 points to 1166.75 before turning very choppy. Not bad for
a day with just a 5.75 point range.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 03/28/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 28 / 2010

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 3/28/2010


The market rallied early on Friday but after just missing
good resistance on the ES and the NQ by half of a point, the
market backed off. A bounce attempt was sold and the ES
dropped 13+ points to 1156.50 by noon. The ES bounced back
to just over the updated resistance and promptly pulled
back. The ES didn't want to stay under 1160.00 however, and
the market basically churned into the close.

The market didn't act so well at the end of last week.
However, it looks like it might have a chance to bounce back
a bit more as long as the initial support areas are not
broken on Monday. The market is looking very top heavy and
the bounces have not been able to stick. However, the Vix
did give 1 buy signal on Friday and the 1160 area was
defended late in the day so a bit more upside should be in
the cards. If we see that action on Monday, beware that when
the move fizzles out it should set up a better odds shorting
opportunity.

So look for some early strength if the initial support is
held, and then if there is a rally up towards the 1167.00-
1167.75 and the move stalls / reverses or shows rejection of
that zone, then a pullback / selloff should occur. If the
initial support areas are not defended, then the 1156.50-
1155.75 zone would need to be quickly reversed, otherwise
there may be a test/ break of last week's low at the
1148.50-1147.75 zone. That would be around the 1150 level on
the SP500 cash, and that area needs to be held, otherwise
the market could be in more trouble than many believe.

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

1167.00-1167.75
1170.75-1171.50 **key
1176.00-1176.50


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

1160.00-1159.50
1156.50-1155.75
1152.00-1151.50
1148.50-1147.75 **major


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

1955.50-1956.00
1963.50-1964.00 **key
1972.75-1974.25


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

1945.00-1944.25
1939.25-1938.50
1934.25-1933.50
1924.25-1922.25 **major


June 2010 Dow futures resistance
symbols: emini = ymm0

10830-10835
10858-10862 **key
10889-10894


June 2010 Dow futures support
symbols: emini = ymm0

10775-10771
10757-10753
10697-10694
10638-10633 **major


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 03/26/10

HOW OUR DAY WENT:

The market dynamics changed mid week,
and we caught some nice trades. Friday morning the ES was
just under a key resistance while the NQ rejected its
key area, so we got short just before the 13+ point drop
to 1156.50. That was just over the 1155.75-1155.00 support,
and we covered shorts near 1158.50 on the way down.

Good Trading,
Mike Reed
TradeStalker.com

Today's Trading Recap: 03/25/10

HOW OUR DAY WENT:

We were shorting early strength, and then
reversing and getting long when the first pullback reversed.
The gap up open was sold as the ES dropped 5 points to 1167.50
before turning up. That old resistance turned into support,
and set up a trend-up move to 1176.50 by early afternoon. The
alert to short under 1176 or a break of 1173 worked nicely. A
1-2-3 top was made off of 1176.00 and then the market broke
lower. A bounce reversed at 171, just under new resistance,
and then went into a trend-down move of 16.25 points as the
1162-1161 area was broken just before stocks closed.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 03/24/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 24 / 2010

(Published Since 1996)

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


Dateline: 6:36 pm eastern time, 3/24/2010


A lower open on Wednesday held and turned up from the
1164.00 support level on the ES, and then bounced back to
1168.75 before fizzling out. That was initial trend support
and it turned into resistance as the ES dropped to 1161.25
pretty fast. The market then moved higher, forming a rising
wedge on the way to 1167.50. That was broken and caused a
drop back to test the lows. The ES turned up from a 1161.00
low and then the market turned very choppy but ended the day
in down-trends for a change.

The market spent the day spinning its wheels after tagging
the 1170 level on the ES on Tuesday. The bounces were unable
to stick, but still the market refused to cave in and the ES
even stayed over the Tuesday low.

It appears that more than just a little pullback could be
underway for another day or so. The ES had an "inside day"
on Wednesday and that *should* be resolved by some more
downside action, and then we'll see if the market has enough
gas in the tank for yet another run-up. For now it looks
like the market is vulnerable unless the 1166.50-1167.25
zone on the ES is exceeded, and not quickly reversed. The
market won't get back up there if it is weak.

On Thursday we get Initial Claims before the open. If there
is early strength, look for a reversal from initial
resistance to be sold. If that sets up, and the ES drops
through the initial support to the 1159.00-1158.50 area,
that needs to be quickly reversed. If it is, beware that a
bounce back towards the 1166.25-1167.25 zone will likely be
sold.

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

1166.50-1167.25
1170.50-1171.00
1173.75-1174.25
1177.75-1178.50


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

1162.00-1161.00
1159.00-1158.50
1155.75-1155.00
1148.50-1147.75


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

1952.75-1954.00
1956.00-1957.00
1962.00-1963.00
1969.00-1970.00


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

1947.00-1946.00
1941.00-1940.50
1936.00-1934.50
1920.00-1919.00


June 2010 Dow futures resistance
symbols: emini = ymm0

10799-10802
10826-10830
10848-10852
10887-10891


June 2010 Dow futures support
symbols: emini = ymm0

10762-10757
10728-10725
10682-10675
10634-10631


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

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