HOW OUR DAY WENT:
The lower open was reversed and the ES
rallied to the 1099.50 resistance before fizzing out. It
trend-down until the 1091.50-1091.00 support area was
reached. Then after some bouncing around, the rally to the
1097.25 high set up a 123 top pattern, and the ES then fell
5.25 points to the updated 1092.00 support. The ES then
went range-bound as stated by instant message:
(Feb 03-15:20) mike: range to break, 92.50-92.00 the bottom
and 96.50-97.00 on top - short better odds
The ES bounced from 1092.50 to 1096.75, right at updated the 1096.50-1097.00 zone, then dropped 3+ points to 1093.50 at
the 4pm close for stocks.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Showing posts with label learn to trade eminis. Show all posts
Showing posts with label learn to trade eminis. Show all posts
Thursday, February 04, 2010
Wednesday, January 06, 2010
Today's Trading Recap: 01/06/10
HOW OUR DAY WENT:
The ES popped up to the 1132.50 on the
open (1132.50-1133.00 initial resistance) and quickly
dropped to 1129.75 (1130.00-1129.50 initial support) before
bouncing back. Per the 2nd intraday update, the rest of the
day was "a choppy day with new highs sold and the pullbacks
are bought. The 1135.50 high was 1 tick under important
resistance and the market backed off as expected.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The ES popped up to the 1132.50 on the
open (1132.50-1133.00 initial resistance) and quickly
dropped to 1129.75 (1130.00-1129.50 initial support) before
bouncing back. Per the 2nd intraday update, the rest of the
day was "a choppy day with new highs sold and the pullbacks
are bought. The 1135.50 high was 1 tick under important
resistance and the market backed off as expected.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Thursday, November 19, 2009
Today's Trading Recap: 11/19/09
HOW OUR DAY WENT:
The ES broke the key 1101.25-1100.75
zone on the open on Thursday and that caused a rush to
get out and the ES dropped to 1086.50, right in the
1086.75-1086.25 support zone, then turned back up. The
updated resistance at 1091.50-1093.00 gave us a couple
of nice shorts. The first was a 4 point drop from 1092.00
to 1088.00, and the next was 3.50 points from 1091.75 to
1088.25. A third reversal from 1093.25 had 3 points of
opportunity as the ES dropped to 1090.25 before finally
breaking out over that resistance.
Good Trading,
Mike Reed
TradeStalker.com
The ES broke the key 1101.25-1100.75
zone on the open on Thursday and that caused a rush to
get out and the ES dropped to 1086.50, right in the
1086.75-1086.25 support zone, then turned back up. The
updated resistance at 1091.50-1093.00 gave us a couple
of nice shorts. The first was a 4 point drop from 1092.00
to 1088.00, and the next was 3.50 points from 1091.75 to
1088.25. A third reversal from 1093.25 had 3 points of
opportunity as the ES dropped to 1090.25 before finally
breaking out over that resistance.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 11/15/09
.................................................
TradeStalker's
R.B.I. Trader's Update
11 / 15 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 11/15/2009
The market opened higher on Friday and the ES reached
1089.75 as the Michigan Confidence survey was released, and
then the market dropped fast. The ES reached 1083.75, at the
1083.00-1082.00 support zone, and then quickly reversed. The
rally stopped at 1093.75, then pulled back to 1090.25 and
traded in that range for a bit. The ES then broke out over
1094 and kept going to a 1096.00 high. That 1094 level then
turned into a pivotal support level, and when it was broken
the ES reversed and rolled over. A steady drop to 1086.25
was reversed with an hour left in stock trading, and the ES
made it back to 1092.50 before backing off a bit before
settlement.
The market is now range bound, as the bounces are not
sticking but the sharp drops are reversed. It has been 2
sided trading with some really nice swings in both
directions. Of the 2 sides, the short side in the high
1090's has been the "easier" trade, and that will likely
continue. If something extraneous would occur to bring a
"flight to safety" into the dollar, the market should get
whacked. Options are fairly cheap with the Vix so low, so a
few Put options for "just in case" isn't a bad idea in my
opinion.
Most of the daily indicators are in a neutral position, but
the sentiment is still a bit too bullish. On Friday the
market avoided a possible collapse by putting together yet
another end of day rally. With the market getting hit in the
afternoon, that is trading range action. So, on Monday look
for early strength, or a failure to clear initial resistance
if there is no early strength, to set up a shorting
opportunity. As long as a pullback holds the late Friday
lows, no damage done and the trading range continues.
However, if the 1086.75-1086.25 area on the ES is not
defended and reversed just like the 1083.00-1082.50 area was
on Friday morning, then the market will have more trouble
and at least test that 1083.00-1082.50 zone. That is the key
support area short term, and a failure to hold that would
open the door for a drop to the 1074.50-1073.75 zone, or
possibly fall to fill the gap and reach the 1067.75-1067.00
area if the downside gathers steam.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1092.00-1092.50
1095.25-1096.00
1098.50-1099.00
1102.50-1104.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1086.75-1086.25
1083.00-1082.50
1080.00-1079.50
1074.50-1073.75
1067.75-1067.00 {gap from 6/6/09}
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1789.00-1789.50
1793.50-1794.00
1798.75-1799.50
1802.50-1804.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1779.00-1778.50
1773.00-1772.00
1768.50-1768.00
1763.00-1762.25
December 2009 Dow futures resistance
symbols: emini = ymz9
10244-10248
10267-10271
10296-10301
10327-10334
December 2009 Dow futures support
symbols: emini = ymz9
10197-10193
10161-10158
10136-10132
10082-10077
---------------------------
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
11 / 15 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 11/15/2009
The market opened higher on Friday and the ES reached
1089.75 as the Michigan Confidence survey was released, and
then the market dropped fast. The ES reached 1083.75, at the
1083.00-1082.00 support zone, and then quickly reversed. The
rally stopped at 1093.75, then pulled back to 1090.25 and
traded in that range for a bit. The ES then broke out over
1094 and kept going to a 1096.00 high. That 1094 level then
turned into a pivotal support level, and when it was broken
the ES reversed and rolled over. A steady drop to 1086.25
was reversed with an hour left in stock trading, and the ES
made it back to 1092.50 before backing off a bit before
settlement.
The market is now range bound, as the bounces are not
sticking but the sharp drops are reversed. It has been 2
sided trading with some really nice swings in both
directions. Of the 2 sides, the short side in the high
1090's has been the "easier" trade, and that will likely
continue. If something extraneous would occur to bring a
"flight to safety" into the dollar, the market should get
whacked. Options are fairly cheap with the Vix so low, so a
few Put options for "just in case" isn't a bad idea in my
opinion.
Most of the daily indicators are in a neutral position, but
the sentiment is still a bit too bullish. On Friday the
market avoided a possible collapse by putting together yet
another end of day rally. With the market getting hit in the
afternoon, that is trading range action. So, on Monday look
for early strength, or a failure to clear initial resistance
if there is no early strength, to set up a shorting
opportunity. As long as a pullback holds the late Friday
lows, no damage done and the trading range continues.
However, if the 1086.75-1086.25 area on the ES is not
defended and reversed just like the 1083.00-1082.50 area was
on Friday morning, then the market will have more trouble
and at least test that 1083.00-1082.50 zone. That is the key
support area short term, and a failure to hold that would
open the door for a drop to the 1074.50-1073.75 zone, or
possibly fall to fill the gap and reach the 1067.75-1067.00
area if the downside gathers steam.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1092.00-1092.50
1095.25-1096.00
1098.50-1099.00
1102.50-1104.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1086.75-1086.25
1083.00-1082.50
1080.00-1079.50
1074.50-1073.75
1067.75-1067.00 {gap from 6/6/09}
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1789.00-1789.50
1793.50-1794.00
1798.75-1799.50
1802.50-1804.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1779.00-1778.50
1773.00-1772.00
1768.50-1768.00
1763.00-1762.25
December 2009 Dow futures resistance
symbols: emini = ymz9
10244-10248
10267-10271
10296-10301
10327-10334
December 2009 Dow futures support
symbols: emini = ymz9
10197-10193
10161-10158
10136-10132
10082-10077
---------------------------
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.
*************************************************
Monday, October 26, 2009
TradeStalker's RBI Update 10/25/09
.................................................
TradeStalker's
R.B.I. Trader's Update
10 / 25 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 10/25/2009
We planned to short early strength that reversed from around
the 1091.75-1092.25 zone and the ES popped up to 1092.75 and
headed down immediately. A drop to 1075.75 followed, and
then there was a decent bounce. In an intraday update I
stated that the 1082.50-1083.00 area shouldn't be exceeded,
and the ES reversed back down from 1082.50 and gave us a
9.50 point drop to 1073.00 before bouncing a bit. They
dropped back to 1072.75 (1072.75-1072.00 was a fixed support
zone) and then bounced back. The 1077-1078 zone was exceeded
by 1 tick and was reversed, and the ES made its way to a new
low at 1071.50 with about 20 minutes left in stock trading.
Buying came in and the ES bounced back to 1077.50 by the
close.
The market has been trading in a range for more than a week,
and on Friday the bottom of that range was tested again. The
market is slightly oversold, so we could see a decent bounce
occur. However, it is doubtful that a rally will stick. The
market appears to be in a topping process, and except for a
scalp, the long side still looks a bit dangerous.
The 1078.50 level on the ES will need to be exceeded, and
held on a pullback, in order to get a rally going on Monday.
However, if there is a run-up towards the 1082.50-1083.00
area and the move stalls/reverses, then that could be it for
a bounce attempt. If there is follow through buying, a
pullback will need to hold the 1078.00-1077.50 area. A break
back under the 1077.50 area would mean that a high is likely
in place, and the bounces would be shorts.
Due to having a trading class on Monday through Thursday,
there will not be as many updates as usual. I'll do my best
to alert you if market conditions change.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1077.50-1078.50
1082.50-1083.00
1086.75-1087.50
1092.50-1093.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1071.50-1070.50
1068.25-1067.75
1063.00-1062.50
1056.75-1054.50 - gap
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1755.00-1755.75
1760.00-1761.00
1768.00-1768.50
1775.50-1776.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1747.25-1746.25
1742.50-1741.50
1737.50-1736.50
December 2009 Dow futures resistance
symbols: emini = ymz9
9937-9944
9981-9986
10009-10014
10047-10052
December 2009 Dow futures support
symbols: emini = ymz9
9882-9876
9861-9857
9802-9798
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.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
10 / 25 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 10/25/2009
We planned to short early strength that reversed from around
the 1091.75-1092.25 zone and the ES popped up to 1092.75 and
headed down immediately. A drop to 1075.75 followed, and
then there was a decent bounce. In an intraday update I
stated that the 1082.50-1083.00 area shouldn't be exceeded,
and the ES reversed back down from 1082.50 and gave us a
9.50 point drop to 1073.00 before bouncing a bit. They
dropped back to 1072.75 (1072.75-1072.00 was a fixed support
zone) and then bounced back. The 1077-1078 zone was exceeded
by 1 tick and was reversed, and the ES made its way to a new
low at 1071.50 with about 20 minutes left in stock trading.
Buying came in and the ES bounced back to 1077.50 by the
close.
The market has been trading in a range for more than a week,
and on Friday the bottom of that range was tested again. The
market is slightly oversold, so we could see a decent bounce
occur. However, it is doubtful that a rally will stick. The
market appears to be in a topping process, and except for a
scalp, the long side still looks a bit dangerous.
The 1078.50 level on the ES will need to be exceeded, and
held on a pullback, in order to get a rally going on Monday.
However, if there is a run-up towards the 1082.50-1083.00
area and the move stalls/reverses, then that could be it for
a bounce attempt. If there is follow through buying, a
pullback will need to hold the 1078.00-1077.50 area. A break
back under the 1077.50 area would mean that a high is likely
in place, and the bounces would be shorts.
Due to having a trading class on Monday through Thursday,
there will not be as many updates as usual. I'll do my best
to alert you if market conditions change.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1077.50-1078.50
1082.50-1083.00
1086.75-1087.50
1092.50-1093.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1071.50-1070.50
1068.25-1067.75
1063.00-1062.50
1056.75-1054.50 - gap
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1755.00-1755.75
1760.00-1761.00
1768.00-1768.50
1775.50-1776.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1747.25-1746.25
1742.50-1741.50
1737.50-1736.50
December 2009 Dow futures resistance
symbols: emini = ymz9
9937-9944
9981-9986
10009-10014
10047-10052
December 2009 Dow futures support
symbols: emini = ymz9
9882-9876
9861-9857
9802-9798
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.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Wednesday, October 21, 2009
Today's Trading Recap: 10/20/09
HOW OUR DAY WENT:
We wanted to short early strength and
the ES popped up on the open and then reversed. There
was a bounce from the 1087.50-1086.50 support, but it
stalled and reversed from updated resistance at 1092 and
that gave a re-entry for the drop to the major support
at the 1083.00-1082.50 zone. The ES turned back up but
the 1087.50-1088.50 zone was updated resistance and
that gave us a 2.75 point dip and 3.75 point dip to lock
in profits.
Good Trading,
Mike Reed
TradeStalker.com
We wanted to short early strength and
the ES popped up on the open and then reversed. There
was a bounce from the 1087.50-1086.50 support, but it
stalled and reversed from updated resistance at 1092 and
that gave a re-entry for the drop to the major support
at the 1083.00-1082.50 zone. The ES turned back up but
the 1087.50-1088.50 zone was updated resistance and
that gave us a 2.75 point dip and 3.75 point dip to lock
in profits.
Good Trading,
Mike Reed
TradeStalker.com
Tuesday, October 06, 2009
Today's Trading Recap: 10/06/09
HOW OUR DAY WENT:
The market had a "gap and go" open and
the ES went parabolic to 1056.75 (a tick under updated
resistance) then backed off. The bounce to 1055.50 reversed
setting up a 123 top, and the ES fell 10 points more points
after the 1052 level gave way. After holding a tick over
the updated support at 1042.50, a bounce fizzled at the
1052.50 resistance (where members were told to short) and
dropped 4.50 points to 1048.00 (where members were buyers).
The bounce off 1048.00 was just 3.25 points to 1051.25 but
we traded both sides well with low risk entries and almost
instant gratification on each setup.
Good Trading,
Mike Reed
TradeStalker.com
The market had a "gap and go" open and
the ES went parabolic to 1056.75 (a tick under updated
resistance) then backed off. The bounce to 1055.50 reversed
setting up a 123 top, and the ES fell 10 points more points
after the 1052 level gave way. After holding a tick over
the updated support at 1042.50, a bounce fizzled at the
1052.50 resistance (where members were told to short) and
dropped 4.50 points to 1048.00 (where members were buyers).
The bounce off 1048.00 was just 3.25 points to 1051.25 but
we traded both sides well with low risk entries and almost
instant gratification on each setup.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 10/05/09
.................................................
TradeStalker's
R.B.I. Trader's Update
10 / 5 / 2009
(Published Since 1996)
...............................................
Dateline: 6:15 pm eastern time, 10/5/2009
The market opened higher on Monday, and after a quick drop
from 1025.00 to 1021.25 on the ES was reversed. The market
bounced into the 10 am release of the ISM number. A quick
drop from 1031.00 to 1022.25 was reversed, and then the
market started a choppy grind higher. The move lasted until
the ES reached the 1038.00-1038.50 resistance on the ES and
then the market had a small pullback into the close.
The internal gauges that were at oversold extremes have
worked that condition off now. The Vix gave another buy
signal at Monday's close, but after a big up day the market
needs a spark for further good gains. What we are likely
going to see is a pick-up in volatility. The lows from last
week will not be in jeopardy as long as the 1031.50-1030.75
area on the ES holds. On the upside, the market will be a
short if the 1038.00-1038.50 on the ES is rejected again,
along with the NQ rejecting its 1681.00-1682.00 resistance
zone.
On Tuesday look for early strength to be sold, and then if
that plays out the first decent pullback should set up a
trade on the long side. as long as the initial support areas
are held, the market should be in decent shape. However, if
that area is broken and the market doesn't quickly reverse,
then the trends could be rolling over and a drop towards the
1022.00-1021.50 zone on the ES would be a major test of the
market's strength, orlack thereof.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1038.00-1038.50
1041.00-1041.75
1045.50-1046.25
1049.50-1050.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1034.00-1033.50
1031.50-1030.75
1028.50-1028.00
1022.00-1021.50
1015.00-1014.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1681.00-1682.00
1686.50-1687.50
1694.00-1695.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1672.50-1672.00
1670.25-1669.75
1665.75-1665.00
1659.00-1658.00
1653.00-1652.00
December 2009 Dow futures resistance
symbols: emini = ymz9
9565-9570
9595-9601
9623-9628
December 2009 Dow futures support
symbols: emini = ymz9
9522-9516
9497-9493
9475-9471
9410-9406
9360-9356
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.
www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
10 / 5 / 2009
(Published Since 1996)
...............................................
Dateline: 6:15 pm eastern time, 10/5/2009
The market opened higher on Monday, and after a quick drop
from 1025.00 to 1021.25 on the ES was reversed. The market
bounced into the 10 am release of the ISM number. A quick
drop from 1031.00 to 1022.25 was reversed, and then the
market started a choppy grind higher. The move lasted until
the ES reached the 1038.00-1038.50 resistance on the ES and
then the market had a small pullback into the close.
The internal gauges that were at oversold extremes have
worked that condition off now. The Vix gave another buy
signal at Monday's close, but after a big up day the market
needs a spark for further good gains. What we are likely
going to see is a pick-up in volatility. The lows from last
week will not be in jeopardy as long as the 1031.50-1030.75
area on the ES holds. On the upside, the market will be a
short if the 1038.00-1038.50 on the ES is rejected again,
along with the NQ rejecting its 1681.00-1682.00 resistance
zone.
On Tuesday look for early strength to be sold, and then if
that plays out the first decent pullback should set up a
trade on the long side. as long as the initial support areas
are held, the market should be in decent shape. However, if
that area is broken and the market doesn't quickly reverse,
then the trends could be rolling over and a drop towards the
1022.00-1021.50 zone on the ES would be a major test of the
market's strength, orlack thereof.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1038.00-1038.50
1041.00-1041.75
1045.50-1046.25
1049.50-1050.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1034.00-1033.50
1031.50-1030.75
1028.50-1028.00
1022.00-1021.50
1015.00-1014.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1681.00-1682.00
1686.50-1687.50
1694.00-1695.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1672.50-1672.00
1670.25-1669.75
1665.75-1665.00
1659.00-1658.00
1653.00-1652.00
December 2009 Dow futures resistance
symbols: emini = ymz9
9565-9570
9595-9601
9623-9628
December 2009 Dow futures support
symbols: emini = ymz9
9522-9516
9497-9493
9475-9471
9410-9406
9360-9356
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.
www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Tuesday, August 25, 2009
Today's Trading Recap: 08/21/09
HOW OUR DAY WENT: I was really wrong about Friday being
a down day, but after the market got moving we adapted
and caught a short on the NQ and then when the ES
reversed from the updated support a buying opportunity
set up. Nobody is right all of the time, and by getting
back in the flow of things the day turned out all right.
Good Trading,
Mike Reed
TradeStalker.com
a down day, but after the market got moving we adapted
and caught a short on the NQ and then when the ES
reversed from the updated support a buying opportunity
set up. Nobody is right all of the time, and by getting
back in the flow of things the day turned out all right.
Good Trading,
Mike Reed
TradeStalker.com
Monday, July 20, 2009
TradeStalker's RBI Update 07/19/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 19 / 2009
(Published Since 1996)
...............................................
Dateline: 5:36 pm eastern time, 7/19/2009
The market had a good week, and the Nasdaq led the way with
its 8th straight up day on Friday. After the ES closed over
900 on Tuesday, the market gapped up big on Wednesday and by
Thursday afternoon the ES reached 940.75 before pulling
back. The Friday action was a 2 sided, narrow range day as
the averages chopped back and forth. The ES reached 938.75
before reversing, but the drop held at 932.75 and then the
market closed well to end the week.
The market had been very strong with good upside momentum.
The overbought status hasn't held the market back, which is
rare but a sign of a very strong market. Short term, the
market should be at/near a short term top. The market could
get volatile if things play out as it appears possible.
The ES traded in just a 7.75 point range on Friday, the
smallest range since a 7 point range on 5-30-2008. Low
volatility, or spinning its wheels it new high territory, is
usually reversed. On Monday the ES needs to stay over the
late Friday lows, or initial support, or the trends will
roll over short term.
On Monday the ES needs to get over the 940 area, and not
quickly reverse, to keep this melt-up going. If it does pop
through 940 and then reverse again, then a sharp drop could
begin. If there is a hold over the 940 level (like Thursday
afternoon's break/hold over 930) then a sprint towards the
952.50-953.25 is possible. IF that occurs, a reversal could
be very sharp when the move fizzles/reverses.
So, in the early going look for early strength that reverses
to set up a shorting opportunity. If that sets up, then the
first decent pullback would need to hold the initial support
areas to avoid rolling over. If the market opens lower
instead, and can reverse from the initial support areas, a
trade on the long side should set up. But don't overstay
your welcome if that occurs as another drop will be making
the 940 area a lid.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
940.00-940.75
943.50-944.50
952.50-953.25
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
933.00-932.75
925.25-924.75
919.50-919.00
912.50-911.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1532.25-1533.00
1536.75-1537.25
1544.50-1545.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1518.75-1508.00
1508.50-1507.50
1497.25-1496.50
1492.50-1491.25
September 2009 Dow futures resistance
symbols: emini = ymu9
8704-8708
8738-8740
8782-8787
September 2009 Dow futures support
symbols: emini = ymu9
8658-8654
8557-8552
8491-8488
8452-8448
---------------------------
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
7 / 19 / 2009
(Published Since 1996)
...............................................
Dateline: 5:36 pm eastern time, 7/19/2009
The market had a good week, and the Nasdaq led the way with
its 8th straight up day on Friday. After the ES closed over
900 on Tuesday, the market gapped up big on Wednesday and by
Thursday afternoon the ES reached 940.75 before pulling
back. The Friday action was a 2 sided, narrow range day as
the averages chopped back and forth. The ES reached 938.75
before reversing, but the drop held at 932.75 and then the
market closed well to end the week.
The market had been very strong with good upside momentum.
The overbought status hasn't held the market back, which is
rare but a sign of a very strong market. Short term, the
market should be at/near a short term top. The market could
get volatile if things play out as it appears possible.
The ES traded in just a 7.75 point range on Friday, the
smallest range since a 7 point range on 5-30-2008. Low
volatility, or spinning its wheels it new high territory, is
usually reversed. On Monday the ES needs to stay over the
late Friday lows, or initial support, or the trends will
roll over short term.
On Monday the ES needs to get over the 940 area, and not
quickly reverse, to keep this melt-up going. If it does pop
through 940 and then reverse again, then a sharp drop could
begin. If there is a hold over the 940 level (like Thursday
afternoon's break/hold over 930) then a sprint towards the
952.50-953.25 is possible. IF that occurs, a reversal could
be very sharp when the move fizzles/reverses.
So, in the early going look for early strength that reverses
to set up a shorting opportunity. If that sets up, then the
first decent pullback would need to hold the initial support
areas to avoid rolling over. If the market opens lower
instead, and can reverse from the initial support areas, a
trade on the long side should set up. But don't overstay
your welcome if that occurs as another drop will be making
the 940 area a lid.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
940.00-940.75
943.50-944.50
952.50-953.25
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
933.00-932.75
925.25-924.75
919.50-919.00
912.50-911.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1532.25-1533.00
1536.75-1537.25
1544.50-1545.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1518.75-1508.00
1508.50-1507.50
1497.25-1496.50
1492.50-1491.25
September 2009 Dow futures resistance
symbols: emini = ymu9
8704-8708
8738-8740
8782-8787
September 2009 Dow futures support
symbols: emini = ymu9
8658-8654
8557-8552
8491-8488
8452-8448
---------------------------
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.
*************************************************
Sunday, July 05, 2009
Today's Trading Recap: 07/01/09
HOW OUR DAY WENT: The ES opened higher and rallied nicely,
but in the afternoon I sensed the market was tired so a
little bit after 1pm the group was told to get short and
then look for a test of the 917.50-916.75 area. The trade
was worth about 8 points as the ES fell to 917.75 with
5 minutes left in stock trading. See the intraday updates
below...PLUS members get additional guidance on the free
instant message web page.
Good Trading,
Mike Reed
TradeStalker.com
but in the afternoon I sensed the market was tired so a
little bit after 1pm the group was told to get short and
then look for a test of the 917.50-916.75 area. The trade
was worth about 8 points as the ES fell to 917.75 with
5 minutes left in stock trading. See the intraday updates
below...PLUS members get additional guidance on the free
instant message web page.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 06/30/09
.................................................
TradeStalker's
R.B.I. Trader's Update
6 / 30 / 2009
(Published Since 1996)
...............................................
Dateline: 6:02 pm eastern time, 6/30/2009
Early strength was reversed from 1 tick under the 926.50-
927.00 resistance zone about 20 minutes into trading on
Tuesday. The market broke fast and the pressure was on until
the ES reached 908.25 (just 1 tick under the 909.00-908.50
support zone). A bounce to 912.75 fizzled and a pullback
then found support at 909.25 and the upside began to catch a
bid. A pullback from the 913.50-914.00 updated resistance on
the ES was sold, but the dip held over the 911 level and the
ES rallied to 916.75 by the close.
The market bounced off of some key support on Tuesday, but a
test of those Tuesday lows could be in the cards again. The
Vix gave 3 sell signals on Tuesday, and most indicators are
back to neutral territory. A rally back towards the 919.75-
920.25 area on the ES that reverses could begin another
pullback. If that occurs, or we get early weakness, those
Tuesday lows are now key support on a pullback. The market
held up well down there, as the ES spent very little time
under the 909 level. If the market goes through the 909.00-
908.25 area on Wednesday and is not quickly reversed, then a
drop back to the low 900's or high 890's is likely before
the market gets turned back around.
On Wednesday look for early strength to be sold as soon as
the upside stalls/reverses and especially if it comes from a
resistance zone. If that plays out, beware that a pullback
needs to hold the 902.50-901.50 area on the ES, or quickly
reverse if broken.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
917.00-917.75
919.75-920.25
926.50-927.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
913.25-912.75
909.00-908.25
902.50-901.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1479.50-1480.00
1483.00-1483.50
1491.50-1492.75
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1472.75-1471.75
1466.75-1465.75
1460.75-1459.75
September 2009 Dow futures resistance
symbols: emini = ymu9
8405-8409
8441-8444
8500-8505
September 2009 Dow futures support
symbols: emini = ymu9
8373-8368
8337-8334
8286-8282
---------------------------
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
6 / 30 / 2009
(Published Since 1996)
...............................................
Dateline: 6:02 pm eastern time, 6/30/2009
Early strength was reversed from 1 tick under the 926.50-
927.00 resistance zone about 20 minutes into trading on
Tuesday. The market broke fast and the pressure was on until
the ES reached 908.25 (just 1 tick under the 909.00-908.50
support zone). A bounce to 912.75 fizzled and a pullback
then found support at 909.25 and the upside began to catch a
bid. A pullback from the 913.50-914.00 updated resistance on
the ES was sold, but the dip held over the 911 level and the
ES rallied to 916.75 by the close.
The market bounced off of some key support on Tuesday, but a
test of those Tuesday lows could be in the cards again. The
Vix gave 3 sell signals on Tuesday, and most indicators are
back to neutral territory. A rally back towards the 919.75-
920.25 area on the ES that reverses could begin another
pullback. If that occurs, or we get early weakness, those
Tuesday lows are now key support on a pullback. The market
held up well down there, as the ES spent very little time
under the 909 level. If the market goes through the 909.00-
908.25 area on Wednesday and is not quickly reversed, then a
drop back to the low 900's or high 890's is likely before
the market gets turned back around.
On Wednesday look for early strength to be sold as soon as
the upside stalls/reverses and especially if it comes from a
resistance zone. If that plays out, beware that a pullback
needs to hold the 902.50-901.50 area on the ES, or quickly
reverse if broken.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
917.00-917.75
919.75-920.25
926.50-927.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
913.25-912.75
909.00-908.25
902.50-901.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1479.50-1480.00
1483.00-1483.50
1491.50-1492.75
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1472.75-1471.75
1466.75-1465.75
1460.75-1459.75
September 2009 Dow futures resistance
symbols: emini = ymu9
8405-8409
8441-8444
8500-8505
September 2009 Dow futures support
symbols: emini = ymu9
8373-8368
8337-8334
8286-8282
---------------------------
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.
*************************************************
Wednesday, June 03, 2009
TradeStalker's RBI Update 06/01/09
.................................................
TradeStalker's
R.B.I. Trader's Update
6 / 1 / 2009
(Published Since 1996)
...............................................
Dateline: 8:22 pm eastern time, 6/1/2009
The market gapped up over the Friday highs on Monday and the
uptrend kept going until the last hour of trading. The ES
reached a new recovery high at 947.25 and then pulled back 8
points to 939.25 (coinciding with the 60ema on 5 minute
chart) while the Dow cash held just over 8700 and buying
came back in. The market went up to test the highs then sold
off into the close.
The short term internal gauges are at extremes. My 3 day
thrust reached +.76, *very* overbought, and the Vix gave 1
sell signal on Monday. So at the least, more upside should
be difficult very short term. The momentum is strongly to
the upside, but a decent pullback is due from up here.
Look for early strength to be sold on Tuesday, and then the
first good pullback should set up a buying opportunity. For
now the ES needed to get over 950 and not quickly reverse
back down to get another squeeze going. If that doesn't
happen, odds favor a decent pullback first.
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
946.75-947.25
951.25-952.50
956.00-956.50
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
938.50-938.00
932.50-932.00
927.75-927.00
918.00-917.50
911.50-910.50
June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9
1481.50-1482.25
1488.75-1490.50
1494.75-1496.00
June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9
1469.50-1468.50
1457.75-1456.50
1443.50-1442.75
1435.00-1433.75
1425.00-1423.50
June 2009 Dow futures resistance
symbols: emini = ymm9
8744-8749
8793-8798
8835-8839
June 2009 Dow futures support
symbols: emini = ymm9
8697-8692
8631-8627
8556-8551
8528-8524
8417-8413
---------------------------
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
6 / 1 / 2009
(Published Since 1996)
...............................................
Dateline: 8:22 pm eastern time, 6/1/2009
The market gapped up over the Friday highs on Monday and the
uptrend kept going until the last hour of trading. The ES
reached a new recovery high at 947.25 and then pulled back 8
points to 939.25 (coinciding with the 60ema on 5 minute
chart) while the Dow cash held just over 8700 and buying
came back in. The market went up to test the highs then sold
off into the close.
The short term internal gauges are at extremes. My 3 day
thrust reached +.76, *very* overbought, and the Vix gave 1
sell signal on Monday. So at the least, more upside should
be difficult very short term. The momentum is strongly to
the upside, but a decent pullback is due from up here.
Look for early strength to be sold on Tuesday, and then the
first good pullback should set up a buying opportunity. For
now the ES needed to get over 950 and not quickly reverse
back down to get another squeeze going. If that doesn't
happen, odds favor a decent pullback first.
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
946.75-947.25
951.25-952.50
956.00-956.50
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
938.50-938.00
932.50-932.00
927.75-927.00
918.00-917.50
911.50-910.50
June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9
1481.50-1482.25
1488.75-1490.50
1494.75-1496.00
June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9
1469.50-1468.50
1457.75-1456.50
1443.50-1442.75
1435.00-1433.75
1425.00-1423.50
June 2009 Dow futures resistance
symbols: emini = ymm9
8744-8749
8793-8798
8835-8839
June 2009 Dow futures support
symbols: emini = ymm9
8697-8692
8631-8627
8556-8551
8528-8524
8417-8413
---------------------------
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.
*************************************************
Wednesday, May 13, 2009
TradeStalker's RBI Update 05/12/09
.................................................
TradeStalker's
R.B.I. Trader's Update
5 / 12 / 2009
(Published Since 1996)
...............................................
Dateline: 6:56 pm eastern time, 5/12/2009
The ES popped up on the open on Tuesday and reversed from
just under the 914.50-915.00 key area, and that started a
trend down move to 894.00 on the ES. There was support at
the 894.00-893.50 zone, but the market proved itself by
breaking through the 901.25 level. That brought in more
buying and the ES ran up to 912.25 before pulling back to
903.25 before the close.
The market looks like it is stuck in a trading range right
now. Bids will likely dry up after a decent run-up, but give
a decent sized pullback and the move turns into a buying
opportunity. So for now look for shorting opportunities when
a rally fizzles/reverses, but then look for a buying
opportunity if the ES gets into the 890's and can turn
around.
On Wednesday we get Retail Sales before the open. It looks
like the initial support needs to hold to keep the trends
from rolling back over. Another two-sided day is possible,
so look for a buying opportunity if there is a deep pullback
that can reverse. On the top side, the 914.50-915.00 area on
the ES has been rejected several times since falling from
the 927.75/927.00 double tops. That 914.50-915.00 area would
need to be exceeded, and not quickly reversed, in order to
get the momentum back in favor of the bulls again. If there
is a rally to a lower high than 927 (around 920 ideal) that
then reverses on a daily chart, then a bigger picture top
could be in place. If instead the ES drops back to around
the 898.25-897.50 area and holds, then that could set up a
good buying opportunity unless something occurs to scare the
market.
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
912.50
914.50-915.00
918.50-919.00
921.50-922.00
927.50-928.00
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
903.25-902.50
898.25-897.50
894.00-893.50
889.50-889.00
June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9
1392.50
1395.50-1396.00
1400.75-1401.50
1407.00-1407.75
1421.00-1421.75
June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9
1373.25-1372.50
1368.00-1367.25
1362.50-1361.50
1352.50-1351.50
June 2009 Dow futures resistance
symbols: emini = ymm9
8481
8491-8495
8528-8532
8552-8556
8589-8594
June 2009 Dow futures support
symbols: emini = ymm9
8413-8409
8362-8358
8330-8327
8292-8288
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
R.B.I. Trader's Update
5 / 12 / 2009
(Published Since 1996)
...............................................
Dateline: 6:56 pm eastern time, 5/12/2009
The ES popped up on the open on Tuesday and reversed from
just under the 914.50-915.00 key area, and that started a
trend down move to 894.00 on the ES. There was support at
the 894.00-893.50 zone, but the market proved itself by
breaking through the 901.25 level. That brought in more
buying and the ES ran up to 912.25 before pulling back to
903.25 before the close.
The market looks like it is stuck in a trading range right
now. Bids will likely dry up after a decent run-up, but give
a decent sized pullback and the move turns into a buying
opportunity. So for now look for shorting opportunities when
a rally fizzles/reverses, but then look for a buying
opportunity if the ES gets into the 890's and can turn
around.
On Wednesday we get Retail Sales before the open. It looks
like the initial support needs to hold to keep the trends
from rolling back over. Another two-sided day is possible,
so look for a buying opportunity if there is a deep pullback
that can reverse. On the top side, the 914.50-915.00 area on
the ES has been rejected several times since falling from
the 927.75/927.00 double tops. That 914.50-915.00 area would
need to be exceeded, and not quickly reversed, in order to
get the momentum back in favor of the bulls again. If there
is a rally to a lower high than 927 (around 920 ideal) that
then reverses on a daily chart, then a bigger picture top
could be in place. If instead the ES drops back to around
the 898.25-897.50 area and holds, then that could set up a
good buying opportunity unless something occurs to scare the
market.
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
912.50
914.50-915.00
918.50-919.00
921.50-922.00
927.50-928.00
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
903.25-902.50
898.25-897.50
894.00-893.50
889.50-889.00
June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9
1392.50
1395.50-1396.00
1400.75-1401.50
1407.00-1407.75
1421.00-1421.75
June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9
1373.25-1372.50
1368.00-1367.25
1362.50-1361.50
1352.50-1351.50
June 2009 Dow futures resistance
symbols: emini = ymm9
8481
8491-8495
8528-8532
8552-8556
8589-8594
June 2009 Dow futures support
symbols: emini = ymm9
8413-8409
8362-8358
8330-8327
8292-8288
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.
*************************************************
Monday, April 06, 2009
Day Trading...Sexy or Self-Defeating?
Day Trading sounds like a provocative, sexy career doesn't
it?
Most visualize young men in crisp expensive suits, driving a
sports car, trading half days, making thousands of dollars a
month, and building fortunes by the time they're 30.
Ok, now for a reality check...
Picture this, a man in his late 40's or early 50's, has 2.5
kids in college, a mortgage, 2 car payments...sitting in
front of his computer, eating Rolaids, white knuckled with
that "deer in the headlights" look. "Pull the trigger? Don't
pull the trigger?"
The hard facts are that the majority of day traders fail.
Sad, but oh so true. Why do they fail? They don't have the
knowledge they need to compete with the big boys. They don't
have a consistent game plan. They make money in the morning
just to give it back in the afternoon. They try for a "home
run" and lose substantially, so they trade even bigger to
try to "make it back"...they lose even more and blow out
their account.
We have heard these stories time and time again. What's
really disappointing...these nightmares could have been
prevented!
How can you be a confident, consistent, successful day
trader? Learn a PROVEN method of trading...simple as that.
Mike has been trading for more than 27 years, the method he
uses is time tested and rock solid. There is no shelf life,
no expiration date. Doesn't matter what time frame, doesn't
matter which market...doesn't matter the volatility. The
strategies Mike uses are based on something that never
changes, and that's human emotion.
This is your opportunity to find the light at the end of the
tunnel. Mike can't make you a successful trader, but he CAN
give you the tools that he uses everyday to be consistently
profitable.
Mike is going to show a handful of traders EXACTLY how he's
been successfully trading for more than a quarter of a
century. Mike is going to share with you, trader to trader,
the strategies he uses everyday to gain an unfair advantage
over other traders.
You can't afford *not* to get the trading education that you
need to be profitable. This is a commitment to yourself,
this is a commitment to your trading, this is a commitment
that you can believe in...
There are only 6 spots left...register now before it's too
late:
CLICK HERE FOR MORE DETAILS!
To Your Success,
Julie
TradeStalker.com
CLICK HERE for FREE Trading Articles and Videos!
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)
it?
Most visualize young men in crisp expensive suits, driving a
sports car, trading half days, making thousands of dollars a
month, and building fortunes by the time they're 30.
Ok, now for a reality check...
Picture this, a man in his late 40's or early 50's, has 2.5
kids in college, a mortgage, 2 car payments...sitting in
front of his computer, eating Rolaids, white knuckled with
that "deer in the headlights" look. "Pull the trigger? Don't
pull the trigger?"
The hard facts are that the majority of day traders fail.
Sad, but oh so true. Why do they fail? They don't have the
knowledge they need to compete with the big boys. They don't
have a consistent game plan. They make money in the morning
just to give it back in the afternoon. They try for a "home
run" and lose substantially, so they trade even bigger to
try to "make it back"...they lose even more and blow out
their account.
We have heard these stories time and time again. What's
really disappointing...these nightmares could have been
prevented!
How can you be a confident, consistent, successful day
trader? Learn a PROVEN method of trading...simple as that.
Mike has been trading for more than 27 years, the method he
uses is time tested and rock solid. There is no shelf life,
no expiration date. Doesn't matter what time frame, doesn't
matter which market...doesn't matter the volatility. The
strategies Mike uses are based on something that never
changes, and that's human emotion.
This is your opportunity to find the light at the end of the
tunnel. Mike can't make you a successful trader, but he CAN
give you the tools that he uses everyday to be consistently
profitable.
Mike is going to show a handful of traders EXACTLY how he's
been successfully trading for more than a quarter of a
century. Mike is going to share with you, trader to trader,
the strategies he uses everyday to gain an unfair advantage
over other traders.
You can't afford *not* to get the trading education that you
need to be profitable. This is a commitment to yourself,
this is a commitment to your trading, this is a commitment
that you can believe in...
There are only 6 spots left...register now before it's too
late:
CLICK HERE FOR MORE DETAILS!
To Your Success,
Julie
TradeStalker.com
CLICK HERE for FREE Trading Articles and Videos!
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)
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