TradeStalker's RBI Update 01/21/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 21 / 2010

(Published Since 1996)

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

Dateline: 6:28 pm eastern time, 1/21/2010

The ES popped up and then reversed from the 1136.75-1137.50
resistance in the first 30 minutes, then dropped fast to the
1119.50-1118.50 support and there was a small bounce. It
stopped at 1122.50 which was updated via instant message,
and then an 11 point drop to 1111.50 followed. After a
bounce, a new low was made at 1110.75 and then a bounce to
the 1119.50 resistance failed. A drop of 7.75 points to
1111.75 followed, and then after a bounce back to 1117.00
the market proved it was in trouble by reversing and selling
off into the close.

The market broke down to where the year closed out on
Thursday. The market is not yet oversold, and the drop so
far is not the normal slow drift that other recent
pullbacks. A top at the 1147 level won't be seen for awhile,
that looks pretty certain. The market also woke up from the
complacent mood, as the VIX jumped over 19% on Thursday. If
there is another sizable drop, and the SP500 cash and
futures reach the 1080 area and reverse, that will set up a
good trade on the long side. Until then, or until the market
shows signs of changing, the bounces should continue to fail
so stay with shorting the bounces for now.

On Friday look for early strength to set up a very good
shorting opportunity, if the market can muster a bounce. A
lower open that reverses in the first 20-40 minutes should
set up a scalp on the long side. However don't fall in love
with the long side just yet, as the bounces are still
shorting opportunities. The bears finally have the upper had
and are pressing on the bounces, so only a break/ hold over
the 1119.00-1119.50 area on the ES AND the 1857.50-1858.00
area on the NQ will have a chance to turn things around.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1117.00
1119.00-1119.50
1122.50-1123.00
1125.75-1126.25

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1109.50-1108.50
1104.25-1103.50
1099.00-1098.25

March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1852.50
1857.50-1858.00
1862.50-1863.00
1868.00-1869.50

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1836.50-1836.00
1832.00-1831.25
1824.50-1822.75

March 2010 Dow futures resistance
symbols: emini = ymh0

10370
10384-10388
10423-10427
10468-10475

March 2010 Dow futures support
symbols: emini = ymh0

10315-10310
10279-10275
10230-10225

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 11/18/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 18 / 2009

(Published Since 1996)

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

Dateline: 6:26 pm eastern time, 11/18/2009

To start the day on Wednesday, our early game-plan was to
get short if there was early strength near the Tuesday high
on the ES. The ES popped up and then reversed from 2 ticks
over Tuesday's 1109.00 high, dropping 8.25 points from
1109.50 to 1100.75. The ES rallied to 1108.00, but as
stated, the 1104 level had to hold or the low would be
tested. After breaking that 1104 level, the ES went to
1101.25 for a test of the low. The bounce off of that level
reversed at the updated 1105.50-1106.00 resistance and
pulled back to 1103.00 with an hour left in trading. Buying
and shorts covering started and the market went back up to
test the morning highs by the close.

The trading range looks like it will continue for a while
longer. The ES has good, and important, support at the
1101.25-1100.25 area. As long as that is held, the market
will be in decent shape. If that area is broken, then the
market will undergo a deeper selloff. For now it looks like
the market will stay in a trading range unless that break-
down occurs. If the ES breaks out over the 1112.25-1112.75
area, and doesn't quickly reverse, then the ES could head
towards the 1117.75-1118.50 zone if there is a short term
melt-up move. However, if the 1112.25-1112.75 area or lower
is sold, then a decent pullback towards the 1106.00-1105.25
should occur. That area needs to hold to keep the trends up.

So look for early strength to set up another good shorting
opportunity. The first pullback then needs to hold the
1106.00-1105.25 to stay in bullish mode. If that isn't held,
and the 1101.25-1100.25 area is tested but not reversed,
then a drop to the 1097.50-1096.50 area would need to
quickly reverse to avoid a sizable selloff.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1109.00-1109.50
1112.25-1112.75
1117.75-1118.50
1120.50-1121.25


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1106.00-1105.25
1101.25-1100.25
1097.50-1096.50
1092.75-1092.00


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1801.50-1802.50
1806.75-1807.75
1815.75-1816.75
1821.50-1822.00


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1796.50-1796.00
1789.50-1788.75
1785.75-1785.00
1777.50-1775.75


December 2009 Dow futures resistance
symbols: emini = ymz9

10406-10410
10432-10436
10496-10501
10519-10523


December 2009 Dow futures support
symbols: emini = ymz9

10380-10377
10342-10338
10283-10278
10235-10232

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 11/11/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 11 / 2009

(Published Since 1996)

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


Dateline: 6:41 pm eastern time, 11/11/2009


The market gapped up into new high territory for the year on
Wednesday, and after a quick dip from 1098.75 to 1095.25,
the ES headed on up to the 1102.50-1104.00 resistance zone.
The move stalled out, then reversed and a selloff was in
gear. The 1093.00-1092.50 area was given for the key
support, and the move was reversed from 1092.25 and a decent
bounce followed. It didn't stick though, and the market
dropped back to test the early lows. They were barely
broken, and then the market quickly reversed back to the
upside. The market was able to hold together and the ES
rallied back to the 1097.50 level again by the close.

Both Monday and Wednesday had gap up opens, as the buying is
piling on. The ES has reacted to good resistance zones on
the way up, but then the updated support areas would hold
and the upside then continues. A case in point was on
Wednesday. Even though the ES nailed and reversed from a
good resistance zone at the 1102.50-1104.00 area, it held
really close to the 1092.50 support and quickly reversed and
then the market finished the day on an up note.

The intermediate term internal gauges began to turn up a few
days ago... which is odd near a new high. The short term
gauges reached extreme overbought readings, and with the
market mostly resting the last 2 days most are back to
neutral. Up at these areas, the market should be at a key
juncture short term. It looks like another pullback must
find good buying no lower than the 1091.25 Wednesday low on
the ES. If that area is not defended, then there is
something different going on, and then the bounces would set
up shorting opportunities. It could cause something that gets
momentum if everyone tries to squeeze out of the exit door at
the same time.

Last night I said we were getting the Initial Claims and
Continuing Claims before the Wednesday opening. I was a day
early on that. We will get that data at 8:30 am, before the
Thursday open for stocks. Look for early strength that
reverses in the first 20-40 minutes to set up a shorting
opportunity. If that plays out, then the first decent
pullback must stay over the 1091.25 level on the ES and the
1770.75 level on the NQ, along with the 10246 reversal level
on the Dow cash. If those are broken, then odds that the
bounces will not stick will increase. If that occurs, then
bounce that then stalls out around the 1093-1094 area could
set up a good shorting opportunity.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1097.50-1098.00
1102.50-1104.00
1108.25-1109.00


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1091.25
1089.00-1088.50
1085.50-1085.00
1080.50-1079.75
1074.50-1074.00


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1785.00-1785.50
1791.50-1792.50
1798.75-1799.50


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1770.75
1768.50-1767.00
1763.00-1762.25
1752.50-1751.50
1742.00-1740.75


December 2009 Dow futures resistance
symbols: emini = ymz9

10267-10270
10307-10312
10351-10357


December 2009 Dow futures support
symbols: emini = ymz9

10211
10198-10193
10165-10162
10114-10108
10041-10037

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 10/13/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 13 / 2009

(Published Since 1996)

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

Dateline: 5:46 pm eastern time, 10/13/2009

The ES opened lower on Tuesday, then bounced to Monday's
closing range and reversed back down, a drop from 1071.00
down to 1063.00 was over in the first 40 minutes, then
buying came in and drove the market higher. The ES reached
1072.00, just under the 1072.50-1072.75 initial resistance,
then dropped to 1066.25 by mid afternoon. A bounce to
1072.00 formed a double top, then the ES dropped 4 points to
1068.00 just before settling.

After the bell earning reports have the market up pretty
high, and near the high on the ES. On top of that, on
Wednesday we get Retail Sales before the open, then the FOMC
Minutes at 2 pm. So the volatility ought to pick up,
especially since neither side has been able to hold on to a
trend for very long.

On Wednesday, look for early strength that reaches the
1076.25-1076.50 zone for a potential reversal. If that plays
out, beware that the first decent pullback should set up a
buying opportunity. That could be around the 1072-1071 area
if the ES fills its gap and then reverses. As long as that
area holds, no damage done and the upside will remain
intact. However, should that zone break and not quickly
reverse, then the trends could roll over and make shorting
the bounces the better odds trade.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9

1072.00-1072.50
1076.25-1076.50 **strong
1082.00-1082.75 **bottom of big gap
1087.50-1088.00


December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1066.50-1066.00 **must hold
1063.00
1060.00-1059.00
1054.75-1054.25


December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9

1731.75-1732.50
1739.50-1740.50 **strong
1746.25-1747.25 **bottom of big gap
1752.75-1754.00


December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9

1724.50-1723.50 **must hold
1720.25
1717.75-1716.50
1704.50-1703.25


December 2009 Dow futures resistance
symbols: emini = ymz9

9836-9842
9872-9877 **strong
9922-9926 **bottom of big gap
9970-9974


December 2009 Dow futures support
symbols: emini = ymz9

9792-9790 **must hold
9759
9714-9708
9682-9679

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 10/05/09

HOW OUR DAY WENT:

We had good reasons to expect a rally
and we got that for sure. The pop on the open reversed
and the ES dropped to the unchanged level and turned up.
After the ISM we caught a small short, then a long off
of 1028 on a break/hold of that level. The members were
given 1034.75 last night and 1034.00 was a lid in the
afternoon. But, we went back to being long over 1030.50
and the ES rallied to updated resistance/reversal area
at 1038.00-1038.50, reversing from a 1038.50 high.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 11/19/08

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

TradeStalker's

R.B.I. Trader's Update

11 / 19 / 2008

(Published Since 1996)

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

Dateline: 6:22 pm eastern time, 11/19/2008

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 lower open was bought on Wednesday, but the bounce stalled
and reversed from a good resistance area (8500 on Dow cash,
864.50-866.00 on SP futures) and a trend down move was just
beginning. The market dropped steadily into late afternoon,
taking out the Tuesday lows in the process. After falling to
819.00 on the SP futures, they bounced back to the 835.50-
836.50 zone and the move stalled out. A quick drop to 825.75
was reversed, but the SP futures reversed after tagging
836.50 and then collapsed to a new low for the year at
804.50. The cash indices closed at their lows while the
futures bounced back to settle well above fair value.

The SP500 cash broke down on the line-on-close chart and now
needs to close over 852 for the market to get into neutral
territory. However, the market is at a spot where we could
see a decent counter-trend rally. The daily internal gauges
are now at short term extremes on the oversold side. It
could help prop the market up and possibly give us a decent
trade on the long side. However, unless the SP futures can
crack the 835.50-837.00 zone and not quickly reverse, the
bears are in control. If there is a rally back to that area,
the market needs to push through and not quickly reverse.
Unless that occurs, shorting the bounces should offer the
better odds as they are with the momentum and trend.

The first hurdles on Thursday are at the 819.00 level on the
SP futures and the 1107.25 level on the Nasdaq futures. If
those are cleared then the door would be opened for a test
of the 825.75-826.25 area on the SP futures and the 1116.50-
1117.50 area on the Nasdaq futures. If those are tested
early, be alert for a reversal. If the market gets back up
there and doesn't reverse, then we could see a rally towards
the 835.50-837.00 area on the SP futures and the 1129.00-
1130.00 area on the Nasdaq futures. Another reversal from
that area would keep the pressure on the downside. However,
if the market is strong enough to push through those zones,
then we could see a squeeze towards the 843.75-844.75 area
on the SP futures and the 1147.00-1148.00 area on the Nasdaq
futures. If the market gets in a buying mode and those areas
are broken, then the 850.50-852.50 area on the SP futures
could be a magnet and would be a key, and pivotal,
resistance area.

The initial support is at the 804.25-802.00 area on the SP
futures and the 1082.75-1079.50 area on the Nasdaq futures.
If the futures open lower, those should be key areas. If the
market breaks those support areas, beware that a reversal
back up through those areas could spark a decent rally. If
that does not happen and instead the market keeps dropping,
then we could see the downside snowball towards the 790.50-
789.50 area on the SP futures and the 1068.50-1066.00 area
on the Nasdaq futures. IF the market gets down there, be a
buyer as soon as there is a turn to the upside and put a
stop just under the low that was made, as the downside would
be stretched unless the market is somehow crashing out of
the basement floor. If we get that kind of action, then we
are likely going to see the 772-768 area on the SP500 cash
on this leg down.

December 2008 SP futures resistance
symbols: emini = esz8 / big contract =spz8

819.00
825.75-826.25
835.50-837.00
843.75-844.75
850.50-852.50


December 2008 SP futures support
symbols: emini = esz8 / big contract =spz8

804.25-802.00
790.50-789.50
772-768 {SP500 cash}


December 2008 Nasdaq futures resistance
symbols: emini = nqz8 / big contract = ndz8

1107.25
1116.50-1117.50
1129.00-1130.00
1147.00-1148.00


December 2008 Nasdaq futures support
symbols: emini = nqz8 / big contract = ndz8

1082.75-1079.50
1068.50-1066.00


December 2008 Dow futures resistance
symbols: emini = ymz8

8098
8174-8178
8275-8282
8326-8331


December 2008 Dow futures support
symbols: emini = ymz8

7970-7955
7854-7844


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

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 RBI Update 08/27/08

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

TradeStalker's

R.B.I. Trader's Update

8 / 27 / 2008

(Published Since 1996)

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


Dateline: 6:15 pm eastern time, 8/27/2008

Learn how Mike Reed, a 25+ year veteran trader, finds his
nightly fixed support and resistance levels. Click here for
more details: http://www.tradestalker.com/RTGLive.htm

After a flat open on Wednesday, the SP futures popped up to
1275.75 and reversed. But after a 5.25 point pullback to
1269.50, good buying came in and the market sprinted higher.
The rally stalled and reversed from just under the 1280.50-
1281.00 resistance area, but the pullback undercut the
updated 1273.50 support by 1 tick before reversing and
rallying to new highs for the day. The SP futures reached
1285.25 which happened to be at the 1285.00-1285.50
resistance area and then pulled back to the 1280.50 updated
support. The market bounced off of the 1280.75 level and per
the 4th intraday update that pop back up to 1283.75 reversed
and set up a good shorting opportunity. The SP futures
dropped to 1279.75 before turning back up. The rally took
the SP futures back to the 1284.75 level and then they
reversed again. The selloff was a different end of the day,
as the 1279.50 level turned into resistance and the SP
futures dropped to 1276.25 in the last 10 minutes of stock
trading. The SP futures stalled out and after getting
through 1279.50, they ran up to 1283.00 by the close.

The market ended the day trapped in a narrow range. We get
Jobless Claims and Preliminary GDP before the open on
Thursday, and that's probably why. The Nasdaq has been a
half of a step ahead of the rest of the market lately. It
didn't end the day well, but it did hold at a support area.
The market sentiment is getting overly bullish again, so if
the market can hold together into Friday, it should set up a
sizable selloff if everything comes together.

On Thursday, look for a shorting opportunity in the early
going if the market goes up and tests the initial resistance
and stalls/ reverses. If that occurs, be sure to keep an eye
on the Nasdaq futures for the turn, as they were
aggressively sold at the 1915.50-1916.50 area. If a pop up
to those areas acts that way, then it should set up a very
good trade on the short side. On the other side of the coin,
if the market opens lower and the initial support can hold
and the market stalls and reverses, then it should set up
one more decent run to the upside. Aside from that, the
market will need to break and hold above or below the
afternoon ranges in order to get a directional move going in
either direction. The reward/risk is in favor the short side
given the double top at resistance on the SP futures and
a poor close for the Nasdaq futures.

The initial resistance is at the 1285.00-1285.50 area on the
SP futures and the 1915.50-1916.50 area on the Nasdaq
futures. If the market gets through those areas and doesn't
quickly reverse, then the next big hurdles are at the
1293.00-1294.00 area on the SP futures and the 1932.00-
1932.50 area on the Nasdaq futures. If those are reached and
not sold, then a move towards the 1296.50-1297.25 area on
the SP futures and the 1937.50-1938.25 area on the Nasdaq
futures is likely before a reversal occurs. If the market
gets up there and shows no sign of reversing, then the
1302.50-1303.50 area on the SP futures and the 1943.50-
1945.00 area on the Nasdaq futures would be big resistance
short term.

The initial support is at the 1276.75-1276.25 area on the SP
futures and the 1897.00-1896.00 area on the Nasdaq futures.
If those areas don't hold, then a short term top could be in
place. The next support is at the 1273.00-1272.50 area on
the SP futures and the 1890.00-1889.25 area on the Nasdaq
futures. If those are cut through, then the 1269.50-1268.50
area on the SP futures and the 1884.75-1883.50 area on the
Nasdaq futures would need to hold to avoid a bad day. The
next support would be at the 1266.00-1265.75 area on the SP
futures and the 1882.75-1882.00 area on the Nasdaq futures,
and then the major support is down at the 1263.00-1262.50
area on the SP futures and the 1877.00-1876.50 area on the
Nasdaq futures.



September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1285.00-1285.50
1293.00-1294.00
1296.50-1297.25
1302.50-1303.50
September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1276.75-1276.25
1273.00-1272.50
1269.50-1268.50
1266.00-1265.75
1263.00-1262.50


September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1915.50-1916.50
1932.00-1932.50
1937.50-1938.25
1943.50-1945.00


September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1897.00-1896.00
1890.00-1889.25
1884.75-1883.50
1882.75-1882.00
1877.00-1876.50


September 2008 Dow futures resistance
symbols: emini = ymu8

11549-11553
11633-11636
11677-11682
11726-11731


September 2008 Dow futures support
symbols: emini = ymu8

11464-11462
11440-11437
11419-11414
11370-11368
11344-11340


September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

736.00-736.30
739.40-739.90
742.50-742.80
746.30-746.60


September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

729.00-728.60
726.70-726.20
723.40-723.10
718.90-718.50
715.90-715.50


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

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 RBI Update 06/03/08

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

TradeStalker's

R.B.I. Trader's Update

6 / 03 / 2008

(Published Since 1996)

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


Dateline: 6:42 pm eastern time, 6/3/2008

Trading updates are posted through out the day to "real
time" subscribers on our Instant Messenger Site. Go here to
sign up now! http://www.tradestalker.com/order-page.htm

The market opened higher on Tuesday and immediately turned
down. The first decent pullback lasted about 20 minutes and
from 1385.25 on the SP futures, the market shot higher. The
SP futures ran up to 1393.00 and pulled back. The bulls gave
it another try on the upside, but the move reversed after
making double tops and the market rolled over. After
breaking 1388.00 support, the market formed a slinky pattern
and then dropped fast. The SP futures reached 1372.50, right
at the key 1373.00-1372.50 area, and the market made a
little double bottom at that zone. However, the bounce
fizzled and the market pushed lower one more time. The
washout took the SP futures down to 1369.25 and then they
reversed quickly back over the 1370 level. With one hour
left in stock trading, the market finally pushed higher with
some oomph, and the market went into a grinding move higher
for 40 minutes. The SP futures stalled out after reaching
1383.50 and then pulled back into the close.

On Wednesday look for early weakness to stall/reverse to set
up a buying opportunity. If that plays out, the initial
resistance will need to be exceeded and not quickly reversed
to get anything going on the upside. The short side should
continue to offer the better opportunities unless/ until the
initial resistance is broken. Even then, with bounces not
able to stick lately, the rally should have some reactions
around resistance zones. We could still see the 1366.50-
1366.00 area on the SP futures on this leg down.

The initial resistance is at the 1383.25 level on the SP
futures and the 2007.75 level on the Nasdaq futures. If
those are not a problem, then look for a potential turn if
the market reaches the 1388.50-1389.50 area on the SP
futures and the 2018.50-2019.25 area on the Nasdaq futures
and the move fizzles. If that doesn't happen and the market
plows through those areas, then we could go for the 1393.00-
1393.50 area on the SP futures and the 2029.25-2030.50 area
on the Nasdaq futures.

The initial support is at the 1377.00-1376.25 area on the SP
futures and the 1994.00-1992.75 area on the Nasdaq futures.
If those are tested and not reversed, then a test of the
1372.50 level on the SP futures and the 1984.50 level on the
Nasdaq futures is probably in the cards. If those levels
break and the market doesn't turn around, then the 1370.00-
1369.50 area on the SP futures and the 1978.75-1977.75 area
on the Nasdaq futures will need to create double bottoms,
otherwise another sizable spill could be underway.

NOTE: There will be no intraday updates unless
it's in the last 90 minutes of trading due to a
birthday party. I'll be the guy at Chuck E Cheese
banging my head against the wall. ;^)

June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1383.25
1388.50-1389.50
1393.00-1393.50


June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1377.00-1376.25
1372.50
1370.00-1369.50
1366.50-1366.00
1358.50-1357.75 Major if the market gets hit hard

June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

2007.75
2018.50-2019.25
2029.25-2030.50


June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

1994.00-1992.75
1984.50
1978.75-1977.75


June 2008 Dow futures resistance
symbols: emini = ymm8

12454
12472-12476
12531-12537


June 2008 Dow futures support
symbols: emini = ymm8

12397-12393
12370
12339-12334


June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

741.50
743.50-743.90
747.20-747.50


June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

736.60-736.30
733.30
731.10-730.70


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

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 RBI Update 05/22/08

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

TradeStalker's

R.B.I. Trader's Update

5/22/2008

(Published Since 1996)

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


Dateline: 6:26 pm eastern time, 5/22/2008


Trading updates are posted through out the day to "real
time" subscribers on our Instant Messenger Site. Go here to
sign up now! http://www.tradestalker.com/order-page.htm

We were looking for early weakness to set up a trade on the
long side, but were aware that the first decent bounce would
likely set up a shorting opportunity. The market opened
higher and then after a dip lower, the SP futures rallied to
1399.50 before stalling out. A little pullback was followed
by a bounce to a lower high, and then the market reversed
and the SP futures fell to a lower low at 1390.50 and
quickly reversed. They bounced back to the 1396.50 level,
but after a 3 point pullback the SP futures ran up to make a
double top at 1399.50. A quick dip and then a pop to a lower
high was reversed, and another 1-2-3 top formed and the SP
futures dropped to 1391.75 and then turned back up. The SP
futures bounced back to 1397.25 and the move fizzled and
then rolled over, sending the SP futures back to test the
low. The move held at the 1391.25 level and the market
firmed into the close.

Due to the Holiday, there will be no intraday updates on
Friday. The next update will be published on Monday night,
May 26th.

The averages traded back and forth as expected on Thursday,
as all of the averages made "inside days" by staying within
the Wednesday ranges. On Friday the action should be slow,
and maybe give more of the same back-and-forth action unless
there is a significant break of Thursday's double top and
double bottom on the SP futures. The VIX did a good job of
warning of a top early last week, and it gave one buy signal
on Thursday. The market is also still a bit oversold. Also,
the last time the market had narrow range days after a
sizable downdraft, the market took off and raced to new
highs for the leg up. Narrow range days often preclude
sizeable moves as the market takes a rest before getting
momentum either turned around or it reasserts itself.

On Friday look for opportunities in both directions. It will
take a break above or below the Thursday ranges, that isn't
quickly reversed, to get a potential directional move going.
Aside from that, the bears are still in control unless there
is a break and hold over the initial resistance zones.

Due to the Holiday, there will be no intraday updates on
Friday. The next update will be published on Monday night,
May 26th.

The initial resistance is at the 1399.00-1399.50 area on the
SP futures and the 1980.50-1981.50 area on the Nasdaq
futures. If those are not a problem, then the next hurdles
would be at the 1403.00-1403.50 area on the SP futures and
the 1984.00-1984.50 area on the Nasdaq futures. If the
market is making a fake-out breakout over the Thursday
highs, those zones shouldn't be exceeded. If they are
broken, then the key resistance is at the 1408.50-1409.25
area on the SP futures and the 1990.25-1992.00 area on the
Nasdaq futures. A rally to those areas that stalls out
/reverses would set up a very good reward / risk opportunity
on the short side.

The initial support is at the 1391.50-1390.50 area on the SP
futures and the 1958.75-1958.00 area on the Nasdaq futures.
If those are broken and not quickly reversed, then only the
1388.00 level on the SP futures and the 1954.00 level on the
Nasdaq futures can keep the market from having a bad day. If
those levels are not quickly reversed, then look for support
at the 1382.25-1381.50 area on the SP futures and the
1948.00-1946.50 area on the Nasdaq futures. If those break,
then there is minor support around the 1377.00-1376.25 area
on the SP futures and the 1938.50-1937.50 area on the Nasdaq
futures. If those are cut through, then major support is
near the 1372.00-1370.50 area on the SP futures.

Again, due to the Holiday, there will be no intraday updates
on Friday. The next update will be published on Monday
night, May 26th.



June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1399.00-1399.50
1403.00-1403.50
1408.50-1409.25


June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1391.50-1390.50
1388.00
1382.25-1381.50
1377.00-1376.25
1372.00-1370.50


June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

1980.50-1981.50
1984.00-1984.50
1990.25-1992.00


June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

1958.75-1958.00
1954.00
1948.00-1946.50
1938.50-1937.50


June 2008 Dow futures resistance
symbols: emini = ymm8

12669-12673
12701-12704
12775-12781


June 2008 Dow futures support
symbols: emini = ymm8

12595-12590
12571
12512-12506
12474-12469


June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

736.60-736.90
738.20-738.60
741.10-741.40


June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

729.20-728.80
725.10
721.20-720.80
716.80-716.50


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

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 RBI Update 05/21/08

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

TradeStalker's

R.B.I. Trader's Update

5/21/2008

(Published Since 1996)

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


Dateline: 6:30 pm eastern time, 5/21/2008


Trading updates are posted through out the day to "real
time" subscribers on our Instant Messenger Site. Go here to
sign up now! http://www.tradestalker.com/order-page.htm

The early game-plan was to short early strength as soon as
the upside fizzled/reversed and the market obliged as the SP
futures poked up to 1419.25 (1 tick over the 1418.50-1419.00
initial resistance) and the stall reversed and the selloff
was underway. The 1413.00-1412.50 area gave the market a
temporary bounce, but that move reversed than another leg
down began. The market was in trouble and didn't show a hint
of turning around until the SP futures fell to the 1393-1392
zone. They reached 1391 and then grudging turned things
around, but the updated support at 1398.25-1397.50 turned
into resistance on the bounce off of the lows, and the
market went back to make new lows near the close. The SP
futures reached the small support at the 1388.50-1388.00
zone (making a 1388.00 low) and then moved sideways into the
close.

From the highs on Monday afternoon to the lows on Wednesday
the Dow cash lost 563 points, the SP futures lost 52.50
points, and the Nasdaq futures lost 100.25 points. The
complacency from just two days ago has shifted quite a bit,
as there is finally some fear in the air. My internal
indicators are getting oversold, which should help to hold
things together. So, the market has reason to snap back and
put together a decent rally. If that occurs on Thursday, the
move shouldn't get past the 1408.50-1409.25 area on the SP
futures and 1990.25-1992.00 area on the Nasdaq futures if
it's a counter-trend move in a new downtrend.

On Thursday we could have a decent trade on the long side if
the market opens lower, near the Wednesday lows, and then
reverses back to the upside. If that occurs, don't fall in
love with the long side just yet as the first decent bounce
will likely be sold. The market has had reactions, if only
small, to most of the support and resistance areas during
this move so they should be watched for trade setups also.

The initial resistance is at the 1397.50-1398.25 area on the
SP futures and 1970.50-1972.25 area on the Nasdaq futures.
If those don't cause a problem, then the 1403.00-1403.50
area on the SP futures and 1978.50-1980.00 area on the
Nasdaq futures would be next. If the market doesn't reverse
from those areas, then the key resistance is at the 1408.50-
1409.25 area on the SP futures and 1990.25-1992.00 area on
the Nasdaq futures. If those are reached, and the move
fizzles and/or reverses, then the bears could take over
control again. If those areas are cleared, then we should
see strong resistance at the 1415.00 level on the SP futures
and 2004.75 level on the Nasdaq futures.

The initial support is at the 1388.50-1388.00 area on the SP
futures and 1955.00-1954.00 area on the Nasdaq futures. If
the market opens down there and then turns up, a decent
bounce could begin. However, if buyers don't step to the
plate at those areas, then we could go right to the 1382.25-
1381.50 area on the SP futures and 1948.00-1946.50 area on
the Nasdaq futures. If those do not hold, then things
probably get ugly again. The next support would be around
the 1377.00-1376.25 area on the SP futures and 1938.50-
1937.50 area on the Nasdaq futures. If those are broken,
then the next major support is at the 1372.50-1370.50 area
on the SP futures.


June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1397.50-1398.25
1403.00-1403.50
1408.50-1409.25
1414.50-1415.00

June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1388.50-1388.00
1382.25-1381.50
1377.00-1376.25
1372.50-1370.50

June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

1970.50-1972.25
1978.50-1980.00
1990.25-1992.00
2004.75

June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

1955.00-1954.00
1948.00-1946.50
1938.50-1937.50

June 2008 Dow futures resistance
symbols: emini = ymm8

12640-12644
12692-12698
12724-12731
12782

June 2008 Dow futures support
symbols: emini = ymm8

12573-12571
12512-12506
12474-12469

June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

731.90-732.40
734.20-734.60
736.70-738.20
741.50

June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

723.50-723.10
721.20-720.80
716.80-716.50

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

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 RBI Update 05/20/08

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

TradeStalker's

R.B.I. Trader's Update

5/20/2008

(Published Since 1996)

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


Dateline: 6:15 pm eastern time, 5/20/2008

Trading updates are posted through out the day to "real
time" subscribers on our Instant Messenger Site. Go here to
sign up now! http://www.tradestalker.com/order-page.htm

The market opened under the Monday lows on Tuesday and just
couldn't get turned around and the market sold off pretty
steadily. A bounce off of the 1414.75 level fizzled at the
1419.00 old support on the SP futures, and then they sold
off to the 1412.00 support. After a bounce to 1417.75
failed, the market sold off again as the SP futures made a
low at 1409.00. There was a move back to the 1412.50-1413.00
new resistance area, but the pullback was just 2.25 points
and then the market popped over that resistance. The move
reversed off of 1415 on the SP futures, and a quick drop to
test the lows followed. Buying and short covering turned the
market right back up and the market put together a pretty
good rally in to the close.

On Wednesday expect two-sided trading action. If there is
early strength, look for the move to stall/reverse to set up
a good shorting opportunity. If that plays out, and the
Tuesday lows can hold, then the first decent pullback should
set up a buying opportunity. As long as that double bottom
on the SP futures can hold, the market will be "ok" and not
vulnerable to a hard selloff. However, if that area breaks
and the market doesn't turn right back up, then we could see
the market go for the 1403.00-1402.50 area on the SP futures
on this leg down.

The initial resistance is at the 1418.50-1419.00 area on the
SP futures and 2010.00-2011.00 area on the Nasdaq futures.
The market closed just under those areas on Tuesday, so if
there is some follow through buying then a turn could come
from the 1422.25-1422.75 area on the SP futures and 2017.50-
2018.50 area on the Nasdaq futures. If the market doesn't
have a problem with those areas, then a move back to the
1427.00-1427.75 area on the SP futures and 2024.00-2025.00
area on the Nasdaq futures is likely. If those areas are
exceeded, then the door is open for a retest of the Monday
high areas, or slightly lower, before another selloff
starts.

The initial support is at the 1413.00-1412.50 area on the SP
futures and 2002.50-2001.50 area on the Nasdaq futures. If
the market pulls back and can turn up from those areas, then
there should be more to go on the upside. However, if those
are broken, then the 1409.00-1408.50 area on the SP futures
and 1992.25-1990.25 area on the Nasdaq futures would be
next. If those break, and the market doesn't quickly
reverse, then the door is open for a drop towards the
1403.00-1402.50 area on the SP futures and 1984.50-1982.50
area on the Nasdaq futures.


June 2008 SP futures resistance
symbols: emini = esm8 / big contract =spm8

1418.50-1419.00
1422.25-1422.75
1427.00-1427.75

June 2008 SP futures support
symbols: emini = esm8 / big contract =spm8

1413.00-1412.50
1409.00-1408.50
1403.00-1402.50

June 2008 Nasdaq futures resistance
symbols: emini = nqm8 / big contract = ndm8

2010.00-2011.00
2017.50-2018.50
2024.00-2025.00

June 2008 Nasdaq futures support
symbols: emini = nqm8 / big contract = ndm8

2002.50-2001.50
1992.25-1990.25
1984.50-1982.50

June 2008 Dow futures resistance
symbols: emini = ymm8

12858-12864
12921-12926
13032-13038


June 2008 Dow futures support
symbols: emini = ymm8

12821-12817
12779-12775
12698-12693

June 2008 Russell futures resistance
symbols: emini = er2m8 / big contract = er2m8

739.00-739.40
741.30-740.80
745.660-746.20

June 2008 Russell futures support
symbols: emini = er2m8 / big contract = er2m8

734.00-723.60
728.80-728.30
725.40-724.90

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

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

What Trader's Say About Mike Reed!

If you want to know what our subscribers have to say about Mike's support and resistance numbers and his e-book, "Read the Greed-Take the Money", check out some great testimonials RIGHT HERE!

Please bookmark this page and refer back to our blog as in the next few days we will begin posting some of the top questions asked on our "Read the Greed - LIVE!" survey.

Thanks so much to all who participated!

Good Trading,
Julie
TradeStalker.com