HOW OUR DAY WENT:
The lower open reversed from above initial
support and bounced to right in the middle of the 1145.25-
1146.25 resistance zone. That set up a short for a 5+ point
drop to 1140.00. Then the market started a rally and a few
scalps from 1143.50-1144.00 updated resistance were taken.
The pullbacks held the updated support, so we turned to
buying over the 1143.50 level at shorting 1145 area. We
scratched the 1145 short then a pop into the 1146.50-1148.00
area reversed and dropped 3 points before the close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Showing posts with label eminis. Show all posts
Showing posts with label eminis. Show all posts
Sunday, January 17, 2010
Tuesday, January 05, 2010
Today's Trading Recap: 12/30/09
HOW OUR DAY WENT:
The ES reversed from the key 1117.75-
1117.00 support and bounced 4.75 points to 1122.50 in the
first 30 minutes of trading. A little double top formed,
and the ES tested and reversed from 1118.00 and bounced
3.75 points to 1121.75. The market is a short on bounces
under 1122 today.
Happy New Year! "See" you in 2010!
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 reversed from the key 1117.75-
1117.00 support and bounced 4.75 points to 1122.50 in the
first 30 minutes of trading. A little double top formed,
and the ES tested and reversed from 1118.00 and bounced
3.75 points to 1121.75. The market is a short on bounces
under 1122 today.
Happy New Year! "See" you in 2010!
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)
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)
Today's Trading Recap: 12/17/09
HOW OUR DAY WENT:
After the gap down open, we expected
all of the bounces to fail and they did as the ES made
a double bottom down at 1091.00 right at the 4 pm close
for stocks.
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.
After the gap down open, we expected
all of the bounces to fail and they did as the ES made
a double bottom down at 1091.00 right at the 4 pm close
for stocks.
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.
Thursday, December 10, 2009
Today's Trading Recap: 12/10/09
HOW OUR DAY WENT:
We had a big gap up open on a rollover
day. Since we couldn't buy an early pullback, we traded
from the short side and caught a couple of good swings
from the 1100.00-1100.50 resistance zone.
CLICK HERE to read our Intraday Instant Messenger Log.
Good Trading,
Mike Reed
TradeStalker.com
We had a big gap up open on a rollover
day. Since we couldn't buy an early pullback, we traded
from the short side and caught a couple of good swings
from the 1100.00-1100.50 resistance zone.
CLICK HERE to read our Intraday Instant Messenger Log.
Good Trading,
Mike Reed
TradeStalker.com
Tuesday, March 10, 2009
TradeStalker's RBI Update 03/10/09
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 10 / 2009
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 3/10/2009
The ES opened up 14 points on Tuesday and kept going in a
steady buying frenzy until reaching 716.25 shortly before
2pm. A pullback held the updated support at the 707-706
area, and then ran up to the 717.25-717.50 zone with 30
minutes left in stock trading.. A 4.25 point dip to 713.00
was bought and the ES ran up to 721.75 after stocks closed.
That sprint was rejected and the ES reversed 6.25 fast and
settled a couple points under fair value.
That was a very nice oversold rally on Tuesday, but it might
have a short shelf-life. My RBI Oscillator is in sell
territory, and other short term gauges are out of oversold
territory. The sentiment is now extremely bullish, and that
normally isn't good. So, the market should have difficulty
holding gains at best on Wednesday. If this continues to
play out as expected, a decent pullback on Wednesday should
set up a rally that takes out Tuesday's highs, and then we
can get one last drop to test/break the lows. If we get
that, and reverse, that would set up a rally that will
stick.
After a trend up day, a back-and-forth type of day is
possible. However, the easiest trade of the day would be a
higher open near 720 on the ES. If that occurs, it is a gift
on the short side. If that plays out, then the first decent
pullback needs to hold the 707.00-706.50 area on the ES, or
the downside pressure could be on once again.
March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9
721.00-721.75
724.00-724.50
728.50-729.00
732.50-734.00
March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9
707.00-706.50
702.00-702.00
699.50-698.75
692.00-691.50 ** must hold**
March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9
1111.50-1112.50
1115.50-1116.50
1124.50-1125.00
1129.75-1130.50
March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9
1096.00-1095.50
1087.50-1086.50
1082.50-1081.50
1074.00-1072.50
March 2009 Dow futures resistance
symbols: emini = ymh9
6924-6928
6952-6957
6992-6997
7037-7042
March 2009 Dow futures support
symbols: emini = ymh9
6806-6803
6738-6734
6712-6708
6638-6632
FREE TRADING EDUCATIONAL ARTICLES/VIDEOS
CLICK HERE
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
and for faster updates and additional commentary here:
http://www.tradestalker.com/RBIchat.htm
---------------------------
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)
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
3 / 10 / 2009
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 3/10/2009
The ES opened up 14 points on Tuesday and kept going in a
steady buying frenzy until reaching 716.25 shortly before
2pm. A pullback held the updated support at the 707-706
area, and then ran up to the 717.25-717.50 zone with 30
minutes left in stock trading.. A 4.25 point dip to 713.00
was bought and the ES ran up to 721.75 after stocks closed.
That sprint was rejected and the ES reversed 6.25 fast and
settled a couple points under fair value.
That was a very nice oversold rally on Tuesday, but it might
have a short shelf-life. My RBI Oscillator is in sell
territory, and other short term gauges are out of oversold
territory. The sentiment is now extremely bullish, and that
normally isn't good. So, the market should have difficulty
holding gains at best on Wednesday. If this continues to
play out as expected, a decent pullback on Wednesday should
set up a rally that takes out Tuesday's highs, and then we
can get one last drop to test/break the lows. If we get
that, and reverse, that would set up a rally that will
stick.
After a trend up day, a back-and-forth type of day is
possible. However, the easiest trade of the day would be a
higher open near 720 on the ES. If that occurs, it is a gift
on the short side. If that plays out, then the first decent
pullback needs to hold the 707.00-706.50 area on the ES, or
the downside pressure could be on once again.
March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9
721.00-721.75
724.00-724.50
728.50-729.00
732.50-734.00
March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9
707.00-706.50
702.00-702.00
699.50-698.75
692.00-691.50 ** must hold**
March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9
1111.50-1112.50
1115.50-1116.50
1124.50-1125.00
1129.75-1130.50
March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9
1096.00-1095.50
1087.50-1086.50
1082.50-1081.50
1074.00-1072.50
March 2009 Dow futures resistance
symbols: emini = ymh9
6924-6928
6952-6957
6992-6997
7037-7042
March 2009 Dow futures support
symbols: emini = ymh9
6806-6803
6738-6734
6712-6708
6638-6632
FREE TRADING EDUCATIONAL ARTICLES/VIDEOS
CLICK HERE
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
and for faster updates and additional commentary here:
http://www.tradestalker.com/RBIchat.htm
---------------------------
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)
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 26, 2009
TradeStalker's RBI Update 02/26/09
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 26 / 2009
(Published Since 1996)
...............................................
Dateline: 6:53 pm eastern time, 2/26/2009
The market opened higher on Thursday, but the strength was
sold and the market dropped for about 20 minutes before
turning back up. The move took the ES to the 779.00-779.50
resistance, and the ES backed off from 779.00. After the
dip, the ES popped up to 778.00 and then turned back down.
That triggered another 1-2-3 top pattern and the ES dropped
to the 760.50-760.00 support zone. Buying came in, but the
ES fizzled just under the updated 773 resistance (and at the
60ema on the 5 minute chart) and a drop to the 752.00-751.25
zone was underway. The ES reached 750.25 and then reversed,
but the bounce fizzled at 758.50 (and the 20ema) and the
market dropped back to its lows at the close.
The complacency at these levels is hard to believe. The Vix
dropped 10% under its 10 day average close intraday, and
still closed down while the market was down pretty hard. It
gave a sell signal on Thursday. The Put/Call ratio isn't sky
high either, like it has been at past good lows.
At the moment, it is back to range-bound trading. The SP500
has been in a range for 5 days now, with 780.12 being the
top side and 742.37 being the bottom side. The top of the
range was rejected the past 2 days, as the bounces refuse to
stick. A break to the downside will likely stick, given the
lack of fear in the air, and if that happens then we could
see the ES drop under 700 for the first time in over a
decade. A drop towards the 680 level is possible if the 5
day range is broken on a closing basis. That would shake up
the complacent group of options traders.
We had a drop of 600+ points on the Dow on February 27th a
few years ago. Don't count on that, but it does look like
the market has more to go on the downside. It will take a
break and hold over the 758.00-758.50 area on the ES (or the
60 period ema on the 5 minute chart) to put a dent in the
downside momentum, and the market is a short under the
initial resistance areas. If there is a test of the weekly
low at the 739.75-739.00 zone on the ES, and it is not
quickly reversed, then the bottom of the range is broken and
the downside could pick up steam.
On Friday, look for early strength to be sold as soon as the
upside momentum fizzles. If that plays out, and the ES
breaks and holds under the 750 level, it could be worth
holding on to with a trailing stop. If the bottom of the
range, and last year's low, is not held on the SP500 cash
and futures, then it could be a bad Friday for those long.
However, if the ES drops towards the 740-739 area and
reverses with some gusto, then buying pullbacks will be in
order. Just be careful with the long side, as the market has
a strong trend and momentum on the downside.
March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9
758.00-758.50
760.50
767.25-767.75
771.50-772.25
779.00-779.50
785.50-786.00
March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9
750.50-750.00
747.50-747.00
739.75-739.00
732.00-731.50
March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9
1138.00-1138.50
1142.00
1151.75-1153.00
1162.50-1163.50
1173.50-1175.00
1180.50-1181.50
March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9
1127.50-1126.50
1122.20-1121.50
1116.25-1115.00
1107.25-1106.50
March 2009 Dow futures resistance
symbols: emini = ymh9
7226-7230
7250
7303-7307
7333-7336
7387-7393
7441-7446
March 2009 Dow futures support
symbols: emini = ymh9
7160-7155
7128-7124
7058-7052
7011-7007
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
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 / 26 / 2009
(Published Since 1996)
...............................................
Dateline: 6:53 pm eastern time, 2/26/2009
The market opened higher on Thursday, but the strength was
sold and the market dropped for about 20 minutes before
turning back up. The move took the ES to the 779.00-779.50
resistance, and the ES backed off from 779.00. After the
dip, the ES popped up to 778.00 and then turned back down.
That triggered another 1-2-3 top pattern and the ES dropped
to the 760.50-760.00 support zone. Buying came in, but the
ES fizzled just under the updated 773 resistance (and at the
60ema on the 5 minute chart) and a drop to the 752.00-751.25
zone was underway. The ES reached 750.25 and then reversed,
but the bounce fizzled at 758.50 (and the 20ema) and the
market dropped back to its lows at the close.
The complacency at these levels is hard to believe. The Vix
dropped 10% under its 10 day average close intraday, and
still closed down while the market was down pretty hard. It
gave a sell signal on Thursday. The Put/Call ratio isn't sky
high either, like it has been at past good lows.
At the moment, it is back to range-bound trading. The SP500
has been in a range for 5 days now, with 780.12 being the
top side and 742.37 being the bottom side. The top of the
range was rejected the past 2 days, as the bounces refuse to
stick. A break to the downside will likely stick, given the
lack of fear in the air, and if that happens then we could
see the ES drop under 700 for the first time in over a
decade. A drop towards the 680 level is possible if the 5
day range is broken on a closing basis. That would shake up
the complacent group of options traders.
We had a drop of 600+ points on the Dow on February 27th a
few years ago. Don't count on that, but it does look like
the market has more to go on the downside. It will take a
break and hold over the 758.00-758.50 area on the ES (or the
60 period ema on the 5 minute chart) to put a dent in the
downside momentum, and the market is a short under the
initial resistance areas. If there is a test of the weekly
low at the 739.75-739.00 zone on the ES, and it is not
quickly reversed, then the bottom of the range is broken and
the downside could pick up steam.
On Friday, look for early strength to be sold as soon as the
upside momentum fizzles. If that plays out, and the ES
breaks and holds under the 750 level, it could be worth
holding on to with a trailing stop. If the bottom of the
range, and last year's low, is not held on the SP500 cash
and futures, then it could be a bad Friday for those long.
However, if the ES drops towards the 740-739 area and
reverses with some gusto, then buying pullbacks will be in
order. Just be careful with the long side, as the market has
a strong trend and momentum on the downside.
March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9
758.00-758.50
760.50
767.25-767.75
771.50-772.25
779.00-779.50
785.50-786.00
March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9
750.50-750.00
747.50-747.00
739.75-739.00
732.00-731.50
March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9
1138.00-1138.50
1142.00
1151.75-1153.00
1162.50-1163.50
1173.50-1175.00
1180.50-1181.50
March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9
1127.50-1126.50
1122.20-1121.50
1116.25-1115.00
1107.25-1106.50
March 2009 Dow futures resistance
symbols: emini = ymh9
7226-7230
7250
7303-7307
7333-7336
7387-7393
7441-7446
March 2009 Dow futures support
symbols: emini = ymh9
7160-7155
7128-7124
7058-7052
7011-7007
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
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