.................................................
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.
*************************************************
Showing posts with label how to trade support and resistance. Show all posts
Showing posts with label how to trade support and resistance. Show all posts
Tuesday, January 05, 2010
Tuesday, July 21, 2009
TradeStalker's RBI Update 07/21/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 21 / 2009
(Published Since 1996)
...............................................
Dateline: 6:33 pm eastern time, 7/21/2009
The ES opened up 5.25 points on Tuesday, but that early
strength reversed and we had a drop to 945.00 in short
order. That was at the 945.00-944.50 support area, and the
ES bounced to 951.75 and quickly reversed. That lead to a
drop to 939.50 on the ES, just a tick under the
940.25-939.25 key support, and the move was reversed. The ES
turned up and started a slow and choppy grind higher to the
947.75-948.00 area. There was only a small pullback, and it
caused a rally back to 954.00 just before settlement for the
futures.
On Tuesday we had trend-down action into early afternoon,
then after reversing from the 940.25-939.25 zone the market
started a choppy trend-up move. Despite the new highs on
this leg up, the internal gauges have gone into neutral
territory. Also, although the market rallied back to close
at the highs on the cash indices, the ES settled 3 ticks
under its open.
The market ended the day in uptrends, so on Wednesday we are
likely going to see early strength set up a shorting
opportunity. A pop up open just above the Tuesday highs that
reverses would set up that trade. Then, as long as the
947.50-946.75 initial support area on the ES holds on the
first decent pullback, the upside move should continue. If
that area is not held, then the 940.25-939.25 area is still
the major short term support. If the market gets back there,
and buyers do not step to the plate, then the charts will
begin a topping pattern.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
954.50-955.50
958.50-959.00
963.50-964.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
947.50-946.75
940.25-939.25
937.25-937.00
933.00-932.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1544.75-1555.25
1560.50-1561.25
1566.75-1568.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1544.75-1544.00
1529.50-1528.25
1525.50-1524.50
1518.75-1518.00
September 2009 Dow futures resistance
symbols: emini = ymu9
8890-8894
8938-8942
8974-8978
September 2009 Dow futures support
symbols: emini = ymu9
8835-8830
8766-8762
8732-8728
8708-8702
CLICK HERE for FREE Trading Articles and Videos!
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
7 / 21 / 2009
(Published Since 1996)
...............................................
Dateline: 6:33 pm eastern time, 7/21/2009
The ES opened up 5.25 points on Tuesday, but that early
strength reversed and we had a drop to 945.00 in short
order. That was at the 945.00-944.50 support area, and the
ES bounced to 951.75 and quickly reversed. That lead to a
drop to 939.50 on the ES, just a tick under the
940.25-939.25 key support, and the move was reversed. The ES
turned up and started a slow and choppy grind higher to the
947.75-948.00 area. There was only a small pullback, and it
caused a rally back to 954.00 just before settlement for the
futures.
On Tuesday we had trend-down action into early afternoon,
then after reversing from the 940.25-939.25 zone the market
started a choppy trend-up move. Despite the new highs on
this leg up, the internal gauges have gone into neutral
territory. Also, although the market rallied back to close
at the highs on the cash indices, the ES settled 3 ticks
under its open.
The market ended the day in uptrends, so on Wednesday we are
likely going to see early strength set up a shorting
opportunity. A pop up open just above the Tuesday highs that
reverses would set up that trade. Then, as long as the
947.50-946.75 initial support area on the ES holds on the
first decent pullback, the upside move should continue. If
that area is not held, then the 940.25-939.25 area is still
the major short term support. If the market gets back there,
and buyers do not step to the plate, then the charts will
begin a topping pattern.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
954.50-955.50
958.50-959.00
963.50-964.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
947.50-946.75
940.25-939.25
937.25-937.00
933.00-932.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1544.75-1555.25
1560.50-1561.25
1566.75-1568.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1544.75-1544.00
1529.50-1528.25
1525.50-1524.50
1518.75-1518.00
September 2009 Dow futures resistance
symbols: emini = ymu9
8890-8894
8938-8942
8974-8978
September 2009 Dow futures support
symbols: emini = ymu9
8835-8830
8766-8762
8732-8728
8708-8702
CLICK HERE for FREE Trading Articles and Videos!
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, June 18, 2009
TradeStalker's RBI Update 06/17/09
.................................................
TradeStalker's
R.B.I. Trader's Update
6 / 17 / 2009
(Published Since 1996)
...............................................
Dateline: 6:30 pm eastern time, 6/17/2009
The market opened flat on Wednesday and then the ES popped
up and reversed from 909.25 in the first 10 minutes and
reversed. A bounce off of 902.50 support failed at 907.50
and the downside resumed. After going under and then back up
through the 900 level, buying came in and the market worked
its way higher into the afternoon. The ES stopped, stalled,
then reversed from the 913.75-914.00 resistance zone. The
market then stair-stepped its way lower to close on a down
note.
The daily overbought/oversold indicators are now at short
term extremes. The market isn't acting great, but when the
market gets in this position it normally sets the stage for
a rally. On the times I get these extreme readings and the
market doesn't rally within a day or 2 (at the most,
normally sooner), it means the market is very weak and being
oversold simply doesn't matter. The way it looks after the
Wednesday action, a 2 sided trading day may be the best the
market can muster on Thursday unless there is a spark to
light the oversold fumes.
On Thursday there is the Initial Claims number before the
open, and then the Leading Indicators and Philly Fed release
30 minutes into the trading day. If there is early strength,
it will likely set up another good short under the initial
resistance levels. On the downside, it looks like a test of
the Wednesday lows would need to quickly reverse, and stay
over the 900 level on the ES to get a decent bounce to trade
from the long side. If the ES cannot reverse and stay over
that 900 level, then a drop towards the 892.50-891.50 is
likely in the cards. The major support, should the market
get hit with another hard selloff, is down at the 877.50-
875.50 area on the ES. That is a transition area and if that
area is tested, the market would need to reverse and not
look back to avoid a bigger break-down.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
909.00-909.50
913.75-914.00
918.00-918.75
923.50-924.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
905.00-904.50
898.00-897.50
892.50-891.50
884.50-884.00
881.00-879.00 {SP500 Cash}
877.50-875.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1459.75-1461.00
1469.50-1470.00
1475.50-1476.00
1482.50-1483.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1452.50-1451.50
1438.50-1437.50
1430.50-1428.50
September 2009 Dow futures resistance
symbols: emini = ymu9
8473-8478
8504-8509
8541-8547
8583-8589
September 2009 Dow futures support
symbols: emini = ymu9
8435-8430
8402-8397
8351-8346
CLICK HERE for FREE Trading Articles and Videos!
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
6 / 17 / 2009
(Published Since 1996)
...............................................
Dateline: 6:30 pm eastern time, 6/17/2009
The market opened flat on Wednesday and then the ES popped
up and reversed from 909.25 in the first 10 minutes and
reversed. A bounce off of 902.50 support failed at 907.50
and the downside resumed. After going under and then back up
through the 900 level, buying came in and the market worked
its way higher into the afternoon. The ES stopped, stalled,
then reversed from the 913.75-914.00 resistance zone. The
market then stair-stepped its way lower to close on a down
note.
The daily overbought/oversold indicators are now at short
term extremes. The market isn't acting great, but when the
market gets in this position it normally sets the stage for
a rally. On the times I get these extreme readings and the
market doesn't rally within a day or 2 (at the most,
normally sooner), it means the market is very weak and being
oversold simply doesn't matter. The way it looks after the
Wednesday action, a 2 sided trading day may be the best the
market can muster on Thursday unless there is a spark to
light the oversold fumes.
On Thursday there is the Initial Claims number before the
open, and then the Leading Indicators and Philly Fed release
30 minutes into the trading day. If there is early strength,
it will likely set up another good short under the initial
resistance levels. On the downside, it looks like a test of
the Wednesday lows would need to quickly reverse, and stay
over the 900 level on the ES to get a decent bounce to trade
from the long side. If the ES cannot reverse and stay over
that 900 level, then a drop towards the 892.50-891.50 is
likely in the cards. The major support, should the market
get hit with another hard selloff, is down at the 877.50-
875.50 area on the ES. That is a transition area and if that
area is tested, the market would need to reverse and not
look back to avoid a bigger break-down.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
909.00-909.50
913.75-914.00
918.00-918.75
923.50-924.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
905.00-904.50
898.00-897.50
892.50-891.50
884.50-884.00
881.00-879.00 {SP500 Cash}
877.50-875.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1459.75-1461.00
1469.50-1470.00
1475.50-1476.00
1482.50-1483.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1452.50-1451.50
1438.50-1437.50
1430.50-1428.50
September 2009 Dow futures resistance
symbols: emini = ymu9
8473-8478
8504-8509
8541-8547
8583-8589
September 2009 Dow futures support
symbols: emini = ymu9
8435-8430
8402-8397
8351-8346
CLICK HERE for FREE Trading Articles and Videos!
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.
*************************************************
Tuesday, May 26, 2009
TradeStalker's RBI Update 05/25/09
.................................................
TradeStalker's
R.B.I. Trader's Update
5 / 25 / 2009
(Published Since 1996)
...............................................
Dateline: 11:12 am eastern time, 5/25/2009
The ES popped up on Friday's open and it was sold at the
890.00-891.00 initial resistance zone. The ES dropped from
890.75 to the 882.00 key support before turning back up. The
market bounced back, but lost momentum at the 895.25-896.00
resistance zone. That was a lid on the bounce, and after
reaching 895.50 with 45 minutes left in stock trading,
selling came in and took the market back into the loss
columns by the close. The ES reached 883.25 before a small
bounce into settlement.
The ES made an inside day on Friday. The market has been
range bound after falling from 927 on the ES. The 923 to 878
area is the general area and a convincing break out of the
range is needed to get a new trend in force. The internal
gauges still look poor. In addition, the McClellan
Oscillator had a tiny 2 point change on Friday. That tends
to precede a sizable move. Given the recent action, the odds
favor more to the downside. If there is a solid break of the
877.75-876.75 area on the ES, it could have another 15
points to go on the downside before getting a bounce.
On Tuesday look for early strength that fizzles around the
initial resistance to set up a shorting opportunity. If that
plays out and the market breaks the 882 level, then the
double bottom at the 5-15 and 5-21 lows on the Dow and SP500
should be tested or broken. There is still an unfilled gap
just under last week's lows down at 8212.41 on the Dow cash
and 877.52 on the SP500 cash. If the market breaks those, it
will need to reverse quickly in order to avoid a drop
towards the 873.00-872.50 at a minimum. However, if the
market doesn't follow through on the downside, and instead
holds over the 895.00-895.50 resistance area on the ES, then
the bulls could run the market back towards the 914-915 area
one more time.
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
889.00-889.50
895.00-895.50
899.50-900.25
906.50-907.50
914.50-915.00
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
882.50-882.00
877.75-876.75
873.00-872.50
868.25-867.50
854.00-852.00 **major zone**
June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9
1369.50-1370.50
1379.00-1380.00
1386.25-1387.50
1394.75-1396.50
1411.00-1411.75
June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9
1353.00-1352.25
1347.75-1346.50
1339.00-1338.25
1330.50-1329.75
June 2009 Dow futures resistance
symbols: emini = ymm9
8305-8309
8349-8353
8393-8397
8451-8458
8511-8514
June 2009 Dow futures support
symbols: emini = ymm9
8245-8242
8206-8201
8183-8178
8141-8137
---------------------------
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.
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
5 / 25 / 2009
(Published Since 1996)
...............................................
Dateline: 11:12 am eastern time, 5/25/2009
The ES popped up on Friday's open and it was sold at the
890.00-891.00 initial resistance zone. The ES dropped from
890.75 to the 882.00 key support before turning back up. The
market bounced back, but lost momentum at the 895.25-896.00
resistance zone. That was a lid on the bounce, and after
reaching 895.50 with 45 minutes left in stock trading,
selling came in and took the market back into the loss
columns by the close. The ES reached 883.25 before a small
bounce into settlement.
The ES made an inside day on Friday. The market has been
range bound after falling from 927 on the ES. The 923 to 878
area is the general area and a convincing break out of the
range is needed to get a new trend in force. The internal
gauges still look poor. In addition, the McClellan
Oscillator had a tiny 2 point change on Friday. That tends
to precede a sizable move. Given the recent action, the odds
favor more to the downside. If there is a solid break of the
877.75-876.75 area on the ES, it could have another 15
points to go on the downside before getting a bounce.
On Tuesday look for early strength that fizzles around the
initial resistance to set up a shorting opportunity. If that
plays out and the market breaks the 882 level, then the
double bottom at the 5-15 and 5-21 lows on the Dow and SP500
should be tested or broken. There is still an unfilled gap
just under last week's lows down at 8212.41 on the Dow cash
and 877.52 on the SP500 cash. If the market breaks those, it
will need to reverse quickly in order to avoid a drop
towards the 873.00-872.50 at a minimum. However, if the
market doesn't follow through on the downside, and instead
holds over the 895.00-895.50 resistance area on the ES, then
the bulls could run the market back towards the 914-915 area
one more time.
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
889.00-889.50
895.00-895.50
899.50-900.25
906.50-907.50
914.50-915.00
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
882.50-882.00
877.75-876.75
873.00-872.50
868.25-867.50
854.00-852.00 **major zone**
June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9
1369.50-1370.50
1379.00-1380.00
1386.25-1387.50
1394.75-1396.50
1411.00-1411.75
June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9
1353.00-1352.25
1347.75-1346.50
1339.00-1338.25
1330.50-1329.75
June 2009 Dow futures resistance
symbols: emini = ymm9
8305-8309
8349-8353
8393-8397
8451-8458
8511-8514
June 2009 Dow futures support
symbols: emini = ymm9
8245-8242
8206-8201
8183-8178
8141-8137
---------------------------
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.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Friday, December 12, 2008
"Basic Guide to Support and Resistance Trading"
Hi Folks,
Here is the download link for my "Basic Guide to Support and
Resistance Trading". The guide is FREE...no strings attached!
To download right click the link below and choose "save as",
and decide where you want to download this pdf.
CLICK HERE TO DOWNLOAD
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN. "Basic
Guide to Support and Resistance Trading" may NOT be
redistributed in whole or in part 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)
Here is the download link for my "Basic Guide to Support and
Resistance Trading". The guide is FREE...no strings attached!
To download right click the link below and choose "save as",
and decide where you want to download this pdf.
CLICK HERE TO DOWNLOAD
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN. "Basic
Guide to Support and Resistance Trading" may NOT be
redistributed in whole or in part 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)
Tuesday, December 02, 2008
TradeStalker's RBI Update 12/02/08
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 02 / 2008
(Published Since 1996)
...............................................
Dateline: 7:02 pm eastern time, 12/02/2008
The market opened higher on Tuesday, but the strength was
sold into and the SP futures dropped from 830.50 to 817.75
in the first 30 minutes of trading. The Nasdaq futures
tested its Monday low while the SP futures tested Monday's
closing range and buyers stepped to the plate. It was a
trend up move to 848.00 on the SP futures, and after pulling
back they popped up to a lower high and reversed. That
started a selloff and the SP futures went to test its early
low at 817.75 around 2:30pm. A reversal off of that level
started a volatile stair-step higher as the SP futures
reached the 849.50-850.00 area just before the close.
The market is bouncing around in a big trading range, and
with good sized swings in both directions. So, if there is
further strength on Wednesday, it will set up a shorting
opportunity as soon as the upside loses its momentum and
reverses. On the other side of the coin, the bulls are ready
to buy on the deeper retrenchments. It is the opposite kind
of setup, where the market gets stretched, loses its
momentum and reverses. This is what we will likely see as we
get to the Friday Employment report.
The initial resistance is at the 849.50-850.75 area on the
SP futures and 1136.75-1138.00 area on the Nasdaq futures.
If those are reached and reversed in the early going, then
the market is probably going to be weak to begin with If
those areas are easily exceeded, then there should be some
resistance near the 857.00-858.00 area on the SP futures and
1147.50-1149.00 area on the Nasdaq futures. If the market
doesn't reverse from there, then the door would be open for
a run towards the 970.75-871.50 area on the SP futures and
1162.50-1164.00 area on the Nasdaq futures. That would be a
sizable rally, so if the market gets there and the move
stalls out and begins to roll over, get short with a fairly
tight stop. However, if the market plows through those areas
without trouble, then there should be strong resistance at
the 880.50-882.00 area on the SP futures and 1171.50-1173.00
area on the Nasdaq futures.
The initial support is at the 832.00-831.50 area on the SP
futures and 1110.00-1108.50 area on the Nasdaq futures.
Those areas should hold if the market is strong. If broken,
and not quickly reversed, then it looks like there should be
important support at the 823.50-823.00 area on the SP
futures and 1101.75-1101.00 area on the Nasdaq futures. If
the market can reverse from those areas, we could get a
decent rebound. However, if those are not held, then the key
support is at the 818.00-817.75 area on the SP futures and
1091.00-1090.00 area on the Nasdaq futures. That was a
double bottom on Tuesday, so if it doesn't hold then we
should see a slide towards the 813.00-812.50 area on the SP
futures and 1084.00-1083.00 area on the Nasdaq futures. If
those are not held, then the 808.00-807.50 area on the SP
futures and 1078.50-1076.50 area on the Nasdaq futures is
next. There is major support at the 802.00-799.50 area on
the SP futures and 1071.50-1069.50 area on the Nasdaq
futures if the market gets hit with sustained selling on
Wednesday.
December 2008 SP futures resistance
symbols: emini = esz8 / big contract =spz8
849.50-850.75
857.00-858.00
870.75-871.50
880.50-882.00
December 2008 SP futures support
symbols: emini = esz8 / big contract =spz8
832.00-831.50
823.50-823.00
818.00-817.75
813.00-812.50
808.00-807.50
802.00-799.50
December 2008 Nasdaq futures resistance
symbols: emini = nqz8 / big contract = ndz8
1136.75-1138.00
1147.50-1149.00
1162.50-1164.00
1171.50-1173.00
December 2008 Nasdaq futures support
symbols: emini = nqz8 / big contract = ndz8
1110.00-1108.50
1101.75-1101.00
1091.00-1090.00
1084.00-1083.00
1078.50-1076.50
1071.50-1069.50
December 2008 Dow futures resistance
symbols: emini = ymz8
8440-8445
8522-8528
8555-8563
8695-8702
December 2008 Dow futures support
symbols: emini = ymz8
8264-8257
8180-8175
8136-8132
8082-8077
8022-8014
7968-7961
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
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).
Good Trading,
Mike Reed
Copyright (c) 2008 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
12 / 02 / 2008
(Published Since 1996)
...............................................
Dateline: 7:02 pm eastern time, 12/02/2008
The market opened higher on Tuesday, but the strength was
sold into and the SP futures dropped from 830.50 to 817.75
in the first 30 minutes of trading. The Nasdaq futures
tested its Monday low while the SP futures tested Monday's
closing range and buyers stepped to the plate. It was a
trend up move to 848.00 on the SP futures, and after pulling
back they popped up to a lower high and reversed. That
started a selloff and the SP futures went to test its early
low at 817.75 around 2:30pm. A reversal off of that level
started a volatile stair-step higher as the SP futures
reached the 849.50-850.00 area just before the close.
The market is bouncing around in a big trading range, and
with good sized swings in both directions. So, if there is
further strength on Wednesday, it will set up a shorting
opportunity as soon as the upside loses its momentum and
reverses. On the other side of the coin, the bulls are ready
to buy on the deeper retrenchments. It is the opposite kind
of setup, where the market gets stretched, loses its
momentum and reverses. This is what we will likely see as we
get to the Friday Employment report.
The initial resistance is at the 849.50-850.75 area on the
SP futures and 1136.75-1138.00 area on the Nasdaq futures.
If those are reached and reversed in the early going, then
the market is probably going to be weak to begin with If
those areas are easily exceeded, then there should be some
resistance near the 857.00-858.00 area on the SP futures and
1147.50-1149.00 area on the Nasdaq futures. If the market
doesn't reverse from there, then the door would be open for
a run towards the 970.75-871.50 area on the SP futures and
1162.50-1164.00 area on the Nasdaq futures. That would be a
sizable rally, so if the market gets there and the move
stalls out and begins to roll over, get short with a fairly
tight stop. However, if the market plows through those areas
without trouble, then there should be strong resistance at
the 880.50-882.00 area on the SP futures and 1171.50-1173.00
area on the Nasdaq futures.
The initial support is at the 832.00-831.50 area on the SP
futures and 1110.00-1108.50 area on the Nasdaq futures.
Those areas should hold if the market is strong. If broken,
and not quickly reversed, then it looks like there should be
important support at the 823.50-823.00 area on the SP
futures and 1101.75-1101.00 area on the Nasdaq futures. If
the market can reverse from those areas, we could get a
decent rebound. However, if those are not held, then the key
support is at the 818.00-817.75 area on the SP futures and
1091.00-1090.00 area on the Nasdaq futures. That was a
double bottom on Tuesday, so if it doesn't hold then we
should see a slide towards the 813.00-812.50 area on the SP
futures and 1084.00-1083.00 area on the Nasdaq futures. If
those are not held, then the 808.00-807.50 area on the SP
futures and 1078.50-1076.50 area on the Nasdaq futures is
next. There is major support at the 802.00-799.50 area on
the SP futures and 1071.50-1069.50 area on the Nasdaq
futures if the market gets hit with sustained selling on
Wednesday.
December 2008 SP futures resistance
symbols: emini = esz8 / big contract =spz8
849.50-850.75
857.00-858.00
870.75-871.50
880.50-882.00
December 2008 SP futures support
symbols: emini = esz8 / big contract =spz8
832.00-831.50
823.50-823.00
818.00-817.75
813.00-812.50
808.00-807.50
802.00-799.50
December 2008 Nasdaq futures resistance
symbols: emini = nqz8 / big contract = ndz8
1136.75-1138.00
1147.50-1149.00
1162.50-1164.00
1171.50-1173.00
December 2008 Nasdaq futures support
symbols: emini = nqz8 / big contract = ndz8
1110.00-1108.50
1101.75-1101.00
1091.00-1090.00
1084.00-1083.00
1078.50-1076.50
1071.50-1069.50
December 2008 Dow futures resistance
symbols: emini = ymz8
8440-8445
8522-8528
8555-8563
8695-8702
December 2008 Dow futures support
symbols: emini = ymz8
8264-8257
8180-8175
8136-8132
8082-8077
8022-8014
7968-7961
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
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).
Good Trading,
Mike Reed
Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Friday, November 28, 2008
TradeStalker's RBI Update 11/26/08 Special Update
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 26 / 2008
(Published Since 1996)
...............................................
Dateline: 6:28 pm eastern time, 11/26/2008
A very quick update..... Most of my internal
gauges are at big extremes where the upside
should be difficult, at best. Many times this
setup will mark a trading top. In any case, the
market may have trouble continuing the rally.
Be careful with new longs up here. There is
resistance at the 897.50-898.50 zone on the
ES if the Wednesday high is exceeded, and
if that area is not a problem then the major
resistance is at the 905.50-906.50.
The key support, which should be pivotal short
term, is at the 860.50-859.50 area on the ES
and the 8500 level on the Dow cash. Those will
need to be quickly reversed if we get a selloff.
If the market gets back down there and can
reverse, then the market is still in a bullish bigger
picture mode. However, if those are broken and
the market doesn't quickly reverse back up, then
the 835-833 area on the ES and 8300 on the Dow
cash is major support.
Good Trading,
Mike Reed
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
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)
Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 26 / 2008
(Published Since 1996)
...............................................
Dateline: 6:28 pm eastern time, 11/26/2008
A very quick update..... Most of my internal
gauges are at big extremes where the upside
should be difficult, at best. Many times this
setup will mark a trading top. In any case, the
market may have trouble continuing the rally.
Be careful with new longs up here. There is
resistance at the 897.50-898.50 zone on the
ES if the Wednesday high is exceeded, and
if that area is not a problem then the major
resistance is at the 905.50-906.50.
The key support, which should be pivotal short
term, is at the 860.50-859.50 area on the ES
and the 8500 level on the Dow cash. Those will
need to be quickly reversed if we get a selloff.
If the market gets back down there and can
reverse, then the market is still in a bullish bigger
picture mode. However, if those are broken and
the market doesn't quickly reverse back up, then
the 835-833 area on the ES and 8300 on the Dow
cash is major support.
Good Trading,
Mike Reed
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
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)
Copyright (c) 2008 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 11/25/08
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 25 / 2008
(Published Since 1996)
...............................................
Dateline: 6:48 pm eastern time, 11/25/2008
NOTE: Due to a dental appointment there will be no intraday
updates after 11 a.m. on Wednesday. Also, Friday the market
is only opened for half of a day. So, the next update will
be on Sunday evening, November 30th. We want to wish you all
a happy Thanksgiving Holiday.
The 872.50-874.00 area on the SP futures and 1172.75-1174.00
area on the Nasdaq futures were reached and rejected just
before stocks opened on Tuesday. After the open, the SP
futures made a 1-2-3 top about 40 minutes into the day, and
the break of 855 ushered in a selloff to the key support at
the 838.50-837.50. An 836.25 low was quickly reversed, but
the bounce fizzled at the 850 area, setting up a shorting
opportunity and the SP futures dropped to a new low. Buying
a reversal worked all day, and after turning back up through
8300 on the Dow set up an entry on the long side. In the
last update the I stated:
"If this rally stalls and reversed from near 863-864 it
could set up a shorting opportunity."
The SP futures reached 864.25 and stalled out, and then
dropped almost 12 points into the close.
The 3 day rally has the market back to the area from where
the drop to last week's lows started in earnest. My daily
indicators are very overbought, and at spots where the
rallies have reversed also. So, treat the Tuesday highs as
the top of a very large range. A bounce back towards the top
side sets up a good risk/reward trade on the short side. On
the other side, as long as a selloff doesn't break the
Tuesday lows and stick, the pullbacks that reverse should
set up good buying opportunities. That occurred twice on
Tuesday by using the 8300 level on the Dow cash as a
trigger. When that level was broken, and then price reversed
back up through that level, the market had a sluggish first
bounce but then got legs and rallied nicely. If that 8300
level is broken and not quickly reversed again on Thursday,
then things will change and the pressure would be on.
The initial resistance is at the 863.50-864.25 area on the
SP futures and 1055.25-1156.00 area on the Nasdaq futures.
If the market can not get through those areas on a bounce,
then it's weak and a decent pullback is likely. However, if
those areas are exceeded, then the 870.00 level on the SP
futures and 1164.00 level on the Nasdaq futures would be
next. If those do not cause any trouble, then the big
hurdles would be around the 872.50-874.00 area on the SP
futures and 1168.75-1169.50 area on the Nasdaq futures. If
the market gets up there, and the move fizzles out and
reverses, then we could have a decent selloff coming.
However, if something sparks a good rally, and the market is
breaking out of the top side of this big range, then a run
up towards the 881.50-882.50 area on the SP futures and
1182.50-1183.75 area on the Nasdaq futures is possible.
The initial support is at the 848.00 level on the SP futures
and 1132.75 level on the Nasdaq futures. If those are
broken, then a test of the 834.00-833.50 area on the SP
futures and 1118.50-1117.75 area on the Nasdaq futures would
be in the cards. The market reversed from there on Tuesday,
so if those areas are not defended, then the downside could
accelerate. There should be good support around the 825.50-
824.75 area on the SP futures and 1110.75-1109.50 area on
the Nasdaq futures. If the market gets down there and can
not turn around, then a trip down to test the 818.00-817.00
area on the SP futures and 1093.00-1092.00 area on the
Nasdaq futures is a good possibility. If those are tested
and can not hold, then we should see a pullback to test the
802.50-802.00 area on the SP futures and 1077.50-1075.00
area on the Nasdaq futures.
NOTE: Due to a dental appointment there will be no intraday
updates after 11 a.m. on Wednesday. Also, Friday the market
is only opened for half of a day. So, the next update will
be on Sunday evening, November 30th. We want to wish you all
a happy Thanksgiving Holiday.
December 2008 SP futures resistance
symbols: emini = esz8 / big contract =spz8
863.50-864.25
870.00
872.50-874.00
881.50-882.50
December 2008 SP futures support
symbols: emini = esz8 / big contract =spz8
848.00
834.00-833.50
825.50-824.75
818.00-817.00
802.50-802.00
December 2008 Nasdaq futures resistance
symbols: emini = nqz8 / big contract = ndz8
1055.25-1156.00
1064.00
1168.75-1169.50
1182.50-1183.75
December 2008 Nasdaq futures support
symbols: emini = nqz8 / big contract = ndz8
1132.75
1118.50-1117.75
1110.75-1109.50
1093.00-1092.00
1077.50-1075.00
December 2008 Dow futures resistance
symbols: emini = ymz8
8536-8544
8597
8627-8632
8702-8709
December 2008 Dow futures support
symbols: emini = ymz8
8388
8275-8268
8216-8211
8134-8128
8008-8004
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
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).
Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 25 / 2008
(Published Since 1996)
...............................................
Dateline: 6:48 pm eastern time, 11/25/2008
NOTE: Due to a dental appointment there will be no intraday
updates after 11 a.m. on Wednesday. Also, Friday the market
is only opened for half of a day. So, the next update will
be on Sunday evening, November 30th. We want to wish you all
a happy Thanksgiving Holiday.
The 872.50-874.00 area on the SP futures and 1172.75-1174.00
area on the Nasdaq futures were reached and rejected just
before stocks opened on Tuesday. After the open, the SP
futures made a 1-2-3 top about 40 minutes into the day, and
the break of 855 ushered in a selloff to the key support at
the 838.50-837.50. An 836.25 low was quickly reversed, but
the bounce fizzled at the 850 area, setting up a shorting
opportunity and the SP futures dropped to a new low. Buying
a reversal worked all day, and after turning back up through
8300 on the Dow set up an entry on the long side. In the
last update the I stated:
"If this rally stalls and reversed from near 863-864 it
could set up a shorting opportunity."
The SP futures reached 864.25 and stalled out, and then
dropped almost 12 points into the close.
The 3 day rally has the market back to the area from where
the drop to last week's lows started in earnest. My daily
indicators are very overbought, and at spots where the
rallies have reversed also. So, treat the Tuesday highs as
the top of a very large range. A bounce back towards the top
side sets up a good risk/reward trade on the short side. On
the other side, as long as a selloff doesn't break the
Tuesday lows and stick, the pullbacks that reverse should
set up good buying opportunities. That occurred twice on
Tuesday by using the 8300 level on the Dow cash as a
trigger. When that level was broken, and then price reversed
back up through that level, the market had a sluggish first
bounce but then got legs and rallied nicely. If that 8300
level is broken and not quickly reversed again on Thursday,
then things will change and the pressure would be on.
The initial resistance is at the 863.50-864.25 area on the
SP futures and 1055.25-1156.00 area on the Nasdaq futures.
If the market can not get through those areas on a bounce,
then it's weak and a decent pullback is likely. However, if
those areas are exceeded, then the 870.00 level on the SP
futures and 1164.00 level on the Nasdaq futures would be
next. If those do not cause any trouble, then the big
hurdles would be around the 872.50-874.00 area on the SP
futures and 1168.75-1169.50 area on the Nasdaq futures. If
the market gets up there, and the move fizzles out and
reverses, then we could have a decent selloff coming.
However, if something sparks a good rally, and the market is
breaking out of the top side of this big range, then a run
up towards the 881.50-882.50 area on the SP futures and
1182.50-1183.75 area on the Nasdaq futures is possible.
The initial support is at the 848.00 level on the SP futures
and 1132.75 level on the Nasdaq futures. If those are
broken, then a test of the 834.00-833.50 area on the SP
futures and 1118.50-1117.75 area on the Nasdaq futures would
be in the cards. The market reversed from there on Tuesday,
so if those areas are not defended, then the downside could
accelerate. There should be good support around the 825.50-
824.75 area on the SP futures and 1110.75-1109.50 area on
the Nasdaq futures. If the market gets down there and can
not turn around, then a trip down to test the 818.00-817.00
area on the SP futures and 1093.00-1092.00 area on the
Nasdaq futures is a good possibility. If those are tested
and can not hold, then we should see a pullback to test the
802.50-802.00 area on the SP futures and 1077.50-1075.00
area on the Nasdaq futures.
NOTE: Due to a dental appointment there will be no intraday
updates after 11 a.m. on Wednesday. Also, Friday the market
is only opened for half of a day. So, the next update will
be on Sunday evening, November 30th. We want to wish you all
a happy Thanksgiving Holiday.
December 2008 SP futures resistance
symbols: emini = esz8 / big contract =spz8
863.50-864.25
870.00
872.50-874.00
881.50-882.50
December 2008 SP futures support
symbols: emini = esz8 / big contract =spz8
848.00
834.00-833.50
825.50-824.75
818.00-817.00
802.50-802.00
December 2008 Nasdaq futures resistance
symbols: emini = nqz8 / big contract = ndz8
1055.25-1156.00
1064.00
1168.75-1169.50
1182.50-1183.75
December 2008 Nasdaq futures support
symbols: emini = nqz8 / big contract = ndz8
1132.75
1118.50-1117.75
1110.75-1109.50
1093.00-1092.00
1077.50-1075.00
December 2008 Dow futures resistance
symbols: emini = ymz8
8536-8544
8597
8627-8632
8702-8709
December 2008 Dow futures support
symbols: emini = ymz8
8388
8275-8268
8216-8211
8134-8128
8008-8004
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
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).
Copyright (c) 2008 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 11/24/08
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 24 / 2008
(Published Since 1996)
...............................................
Dateline: 6:55 pm eastern time, 11/24/2008
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).
A gap up open was sold on Monday, but the pullback from
818.25 on the SP futures was soft and they reversed back up
from an 807.75 low. The market was in trend up mode until
reaching 842.50 on the SP futures, then a drop to 825.00
followed. Buyers stepped back to the plate and the move went
parabolic on a run up to 866.25 with about 15 minutes left
in stock trading. The market dropped pretty fast, reaching
837.50 on the SP futures, and then the market bounced back
into the close.
It's too soon to tell if the gap on the SP futures is a
break-away gap, or will become a magnet over the next few
days. It looks like a trading range could be starting. A
good low looks to be in place at 739 on the SP futures.
Also, a decent trading top at 866.25 could be in place,
given the late day action on Monday. A pullback to digest
the gains of the last two days should occur before another
go on the upside. A pullback will need to hold the 838.50-
837.50 area on the SP futures, or quickly reverse if broken,
to keep the upside intact.
If the market opens lower on Tuesday, beware of a reversal
in the first 20-40 minutes of trading. If the market can
turn up from around the 838.50-837.50 area on the SP
futures, or quickly reverse if broken, then another run to
test or break Monday's highs is possible. If that occurs,
and the market stalls and/or reverses from the 865.50-866.50
865.50-866.50 area, then a good trade should set up on the
short side.
The initial resistance is at the 855.00-856.00 area on the
SP futures and 1155.25-1156.25 area on the Nasdaq futures.
If those are not sold, then the 865.50-866.50 area on the SP
futures and 1166.00-1168.00 area on the Nasdaq futures would
be next. If the market does not double top, or make a 123
toping pattern, then the move could continue on up towards
the 872.50-874.00 area on the SP futures and 1172.75-1174.00
area on the Nasdaq futures. If those are reached, be on
reversal alert IF the market loses upside momentum and the
move fizzles near those areas. If that doesn't occur, and
the market has a head of steam on the upside, then we could
go for the 881.50-882.50 area on the SP futures 1186.50-
1188.75 and/or area on the SP futures.
The first good support is at the 838.50-837.50 area on the
SP futures and 1136.00-1135.25 area on the Nasdaq futures.
If there isn't a turn back up from those areas, then there
is minor support at the 831.50-830.50 area on the SP futures
and 1125.75-1124.50 area on the Nasdaq futures. There was
good buying there on Monday, so if those areas are not
defended then the downside should continue towards the
825.50-824.75 area on the SP futures and 1118.25-1117.75
area on the Nasdaq futures. The market needs to hold around
those areas to avoid trouble. If those areas are not held,
then the 818.00-817.00 area on the SP futures and 1110.75-
1109.50 area on the Nasdaq futures would be next. If the
market gets down there, and still can not get turned back
up, then we could go for the 802.50-802.00 area on the SP
futures and 1096.00-1095.00 area on the Nasdaq futures.
December 2008 SP futures resistance
symbols: emini = esz8 / big contract =spz8
855.00-856.00
865.50-866.50
872.50-874.00
881.50-882.50
December 2008 SP futures support
symbols: emini = esz8 / big contract =spz8
838.50-837.50
831.50-830.50
825.50-824.75
818.00-817.00
802.50-802.00
December 2008 Nasdaq futures resistance
symbols: emini = nqz8 / big contract = ndz8
1155.25-1156.25
1166.00-1168.00
1172.75-1174.00
1186.50-1188.75
December 2008 Nasdaq futures support
symbols: emini = nqz8 / big contract = ndz8
1136.00-1135.25
1125.75-1124.50
1118.25-1117.75
1110.75-1109.50
1096.00-1095.00
December 2008 Dow futures resistance
symbols: emini = ymz8
8470-8476
8587-8595
8657-8662
8798-8802
December 2008 Dow futures support
symbols: emini = ymz8
8318-8314
8247-8236
8216-8212
8141-8134
8008-8001
---------------------------
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) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
11 / 24 / 2008
(Published Since 1996)
...............................................
Dateline: 6:55 pm eastern time, 11/24/2008
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).
A gap up open was sold on Monday, but the pullback from
818.25 on the SP futures was soft and they reversed back up
from an 807.75 low. The market was in trend up mode until
reaching 842.50 on the SP futures, then a drop to 825.00
followed. Buyers stepped back to the plate and the move went
parabolic on a run up to 866.25 with about 15 minutes left
in stock trading. The market dropped pretty fast, reaching
837.50 on the SP futures, and then the market bounced back
into the close.
It's too soon to tell if the gap on the SP futures is a
break-away gap, or will become a magnet over the next few
days. It looks like a trading range could be starting. A
good low looks to be in place at 739 on the SP futures.
Also, a decent trading top at 866.25 could be in place,
given the late day action on Monday. A pullback to digest
the gains of the last two days should occur before another
go on the upside. A pullback will need to hold the 838.50-
837.50 area on the SP futures, or quickly reverse if broken,
to keep the upside intact.
If the market opens lower on Tuesday, beware of a reversal
in the first 20-40 minutes of trading. If the market can
turn up from around the 838.50-837.50 area on the SP
futures, or quickly reverse if broken, then another run to
test or break Monday's highs is possible. If that occurs,
and the market stalls and/or reverses from the 865.50-866.50
865.50-866.50 area, then a good trade should set up on the
short side.
The initial resistance is at the 855.00-856.00 area on the
SP futures and 1155.25-1156.25 area on the Nasdaq futures.
If those are not sold, then the 865.50-866.50 area on the SP
futures and 1166.00-1168.00 area on the Nasdaq futures would
be next. If the market does not double top, or make a 123
toping pattern, then the move could continue on up towards
the 872.50-874.00 area on the SP futures and 1172.75-1174.00
area on the Nasdaq futures. If those are reached, be on
reversal alert IF the market loses upside momentum and the
move fizzles near those areas. If that doesn't occur, and
the market has a head of steam on the upside, then we could
go for the 881.50-882.50 area on the SP futures 1186.50-
1188.75 and/or area on the SP futures.
The first good support is at the 838.50-837.50 area on the
SP futures and 1136.00-1135.25 area on the Nasdaq futures.
If there isn't a turn back up from those areas, then there
is minor support at the 831.50-830.50 area on the SP futures
and 1125.75-1124.50 area on the Nasdaq futures. There was
good buying there on Monday, so if those areas are not
defended then the downside should continue towards the
825.50-824.75 area on the SP futures and 1118.25-1117.75
area on the Nasdaq futures. The market needs to hold around
those areas to avoid trouble. If those areas are not held,
then the 818.00-817.00 area on the SP futures and 1110.75-
1109.50 area on the Nasdaq futures would be next. If the
market gets down there, and still can not get turned back
up, then we could go for the 802.50-802.00 area on the SP
futures and 1096.00-1095.00 area on the Nasdaq futures.
December 2008 SP futures resistance
symbols: emini = esz8 / big contract =spz8
855.00-856.00
865.50-866.50
872.50-874.00
881.50-882.50
December 2008 SP futures support
symbols: emini = esz8 / big contract =spz8
838.50-837.50
831.50-830.50
825.50-824.75
818.00-817.00
802.50-802.00
December 2008 Nasdaq futures resistance
symbols: emini = nqz8 / big contract = ndz8
1155.25-1156.25
1166.00-1168.00
1172.75-1174.00
1186.50-1188.75
December 2008 Nasdaq futures support
symbols: emini = nqz8 / big contract = ndz8
1136.00-1135.25
1125.75-1124.50
1118.25-1117.75
1110.75-1109.50
1096.00-1095.00
December 2008 Dow futures resistance
symbols: emini = ymz8
8470-8476
8587-8595
8657-8662
8798-8802
December 2008 Dow futures support
symbols: emini = ymz8
8318-8314
8247-8236
8216-8212
8141-8134
8008-8001
---------------------------
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) 2008 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.
*************************************************
Wednesday, November 19, 2008
Huge Announcement for Traders!
Hi Everybody,
Big Announcement Here -
Our Next (and probably last) RBI Trading Camp will be held:
DECEMBER 7th - 13th
Please Note: Due to some exciting, but major changes
coming to our service beginning in January (more on this
later); this might just possibly be the LAST camp Mike holds
due to time constraints.
WHAT IS TRADING CAMP?
Mike's week long "RBI Trading Camp" identifies every trick and
technique that has allowed him to gain an almost unfair
advantage in Trading. You as a trader need to know the
secrets Mike reveals during camp in order to compete with the
professional "big" trader's out there who are dominating the
market.
WHERE IS TRADING CAMP?
"RBI Trading Camp" is held in Mike's virtual trading room via
Hotcomm. So, you have no hotel, meal, or travel costs. You
attend trading camp from the comfort of your own home or office.
WHAT WILL TRADING CAMP DO FOR ME?
#1 - Improve my technique.
#2 - Help me to develop a trading plan that works...consistently.
#3 - Teach me to control my "emotional" trading.
#4 - Discover entries and exits that are time tested and
rock solid
#5 - Uncover the secrets of how Mike finds his nightly
support and resistance numbers
#6 - Get access to Mike's spreadsheets with his own personal
indicators...campers are the ONLY traders allowed access to
these!
#7 - Get your own copy of Mike's CD-ROM trading course "Read
the Greed-LIVE!" (if you already have the course, get $900
off camp)
Most times, camp fills up fast. Three smart trader's have
already snatched up their "seats". That means there are only
5 more spots left.
Here's the link, better hurry to reserve your "seat":
http://www.tradestalker.com/RBI-Trading-Camp.htm
Campers receive Mike's course, "Read the Greed-LIVE!" as
part of camp. If you have already purchased "Read the Greed-
LIVE!", please contact us to get the link to register at a
$900 discount!
NOTE: 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).
Hope to "see" you at RBI Trading Camp!
To Your Success,
Julie
TradeStalker.com
RECOMMENDED BROKER
Are you tired of increasing trade margins?
Global Futures offers special $300 day trading margins* (ES, NQ, YM) with
$500 standard day trading margins, competitive commissions, multiple clearing
firms and several platforms to choose from.
NOTE: Mention TradeStalker.com and get 20 commission-free* electronic contracts.
https://www.globalfutures.com/secure/webforms/coupon.asp?promo=tradestalker
Big Announcement Here -
Our Next (and probably last) RBI Trading Camp will be held:
DECEMBER 7th - 13th
Please Note: Due to some exciting, but major changes
coming to our service beginning in January (more on this
later); this might just possibly be the LAST camp Mike holds
due to time constraints.
WHAT IS TRADING CAMP?
Mike's week long "RBI Trading Camp" identifies every trick and
technique that has allowed him to gain an almost unfair
advantage in Trading. You as a trader need to know the
secrets Mike reveals during camp in order to compete with the
professional "big" trader's out there who are dominating the
market.
WHERE IS TRADING CAMP?
"RBI Trading Camp" is held in Mike's virtual trading room via
Hotcomm. So, you have no hotel, meal, or travel costs. You
attend trading camp from the comfort of your own home or office.
WHAT WILL TRADING CAMP DO FOR ME?
#1 - Improve my technique.
#2 - Help me to develop a trading plan that works...consistently.
#3 - Teach me to control my "emotional" trading.
#4 - Discover entries and exits that are time tested and
rock solid
#5 - Uncover the secrets of how Mike finds his nightly
support and resistance numbers
#6 - Get access to Mike's spreadsheets with his own personal
indicators...campers are the ONLY traders allowed access to
these!
#7 - Get your own copy of Mike's CD-ROM trading course "Read
the Greed-LIVE!" (if you already have the course, get $900
off camp)
Most times, camp fills up fast. Three smart trader's have
already snatched up their "seats". That means there are only
5 more spots left.
Here's the link, better hurry to reserve your "seat":
http://www.tradestalker.com/RBI-Trading-Camp.htm
Campers receive Mike's course, "Read the Greed-LIVE!" as
part of camp. If you have already purchased "Read the Greed-
LIVE!", please contact us to get the link to register at a
$900 discount!
NOTE: 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).
Hope to "see" you at RBI Trading Camp!
To Your Success,
Julie
TradeStalker.com
RECOMMENDED BROKER
Are you tired of increasing trade margins?
Global Futures offers special $300 day trading margins* (ES, NQ, YM) with
$500 standard day trading margins, competitive commissions, multiple clearing
firms and several platforms to choose from.
NOTE: Mention TradeStalker.com and get 20 commission-free* electronic contracts.
https://www.globalfutures.com/secure/webforms/coupon.asp?promo=tradestalker
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