TradeStalker's RBI Update 01/25/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 25 / 2010

(Published Since 1996)

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


Dateline: 6:01 pm eastern time, 1/25/2010


The bottom line last night for an early trade setup stated:

"If the market opens higher but reverses around
the 1097.50-1098.50 area in the first 30 minutes,
that should set up a trade on the short side for a
pullback towards the Friday closes, or lower."

Early strength reversed from just over the 1098.50
resistance on the e-mini SP futures about 30 minutes into
the day, then dropped 7 points to 1091.75 which was Friday's
closing range. After a bounce, a new low was made at 1089.75
and the trend down move reversed. After reaching 1097.75,
there was a pullback to 1094.50 updated support. A bounce of
5 points on the ES to 1099.50 followed. Per I.M. the bounce
was a short at 3:14pm at 1098.25 with updated support at
1092.50 that was reached just before the close.

The market couldn't hold on to its gains on Monday, and
given how oversold the market was, that was a bit unusual.
That is a sign of weakness, and most of the indicators
backed out of extreme oversold territory. We got our
oversold rally, but the market couldn't sustain the
strength. A trip towards the low 1080's on the ES is still
possible before there is a decent turn around.

On Tuesday we get the Consumer Confidence number 30 minutes
into the trading day. At the moment, the market might be too
low to short, so a decent bounce should occur if the market
opens weak. If that occurs, and the market bounces back
towards the 1095.50 area on the ES, that could bring in some
selling. If that area is exceeded, then a low could be in
place for a run back towards the Monday highs, but a move
back up there that stalls out would be a very good odds
shorting opportunity.



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

1095.50
1099.00-1099.50
1104.00-1104.50
1111.00-1111.50


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

1092.00-1091.50
1087.00-1086.25
1082.25-1081.50


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

1803.75
1809.50-1810.00
1815.75-1816.75
1826.50-1827.50


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

1792.50-1792.00
1783.50-1782.50
1777.25-1776.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10168
10205-10208
10258-10263
10339-10343


March 2010 Dow futures support
symbols: emini = ymh0

10138-10134
10104-10101
10064-10059


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 11/04/09

HOW OUR DAY WENT:

The had a gap open at the 1051.50-
1052.25 resistance set up an early short. The ES turned
down from 1052.25 and dropped 4.50 points to 1047.75.
The upside then resumed and our target at 1055.75-
1056.50 area was exceeded by 1 point then stalled and
rolled over. We were then looking for a pullback to
1051.50-1051.00 to be key support and a pullback
reversed from 1051.50 and then bounced 2.50 points to
1054.00 before stalling out in front of the Fed release.
Members were told that if 1053 was broken then the
lows or 1043 would be reached and they fell to 1041.50
before a bounce into the close.

Good Trading,
Mike Reed
TradeStalker.com

Today's Trading Recap: 07/31/09

HOW OUR DAY WENT: As expected in the early going on
Friday, the first bounce set up a very nice short as
the bounce reversed about 20 minutes into trading. The
ES fizzled at 990.00, then selling was fast. Then, the
drop nailed the important 980.00-979.50 zone (979.50
was the early low) and that set up a trade on the long
side. The bounce ran to the updated resistance and then
fizzled. That set up a short, and the ES fell to 982.75.
We got another shorting opportunity from 987.25, the ES
dropped 3.75 points to 983.50 before a bounce. After the
989.50 level was rejected, members were told that 985
was very important, and then the ES found buyers after
turning up from 984.50. I told the group that a bounce
would fail, (and it sure did!) but from a bit higher that
the 989 level given. The ES closed under 984.50, so do
not miss the Sunday night update!

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 06/17/09

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

TradeStalker's

R.B.I. Trader's Update

6 / 17 / 2009

(Published Since 1996)

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

Dateline: 6:30 pm eastern time, 6/17/2009

The market opened flat on Wednesday and then the ES popped
up and reversed from 909.25 in the first 10 minutes and
reversed. A bounce off of 902.50 support failed at 907.50
and the downside resumed. After going under and then back up
through the 900 level, buying came in and the market worked
its way higher into the afternoon. The ES stopped, stalled,
then reversed from the 913.75-914.00 resistance zone. The
market then stair-stepped its way lower to close on a down
note.

The daily overbought/oversold indicators are now at short
term extremes. The market isn't acting great, but when the
market gets in this position it normally sets the stage for
a rally. On the times I get these extreme readings and the
market doesn't rally within a day or 2 (at the most,
normally sooner), it means the market is very weak and being
oversold simply doesn't matter. The way it looks after the
Wednesday action, a 2 sided trading day may be the best the
market can muster on Thursday unless there is a spark to
light the oversold fumes.

On Thursday there is the Initial Claims number before the
open, and then the Leading Indicators and Philly Fed release
30 minutes into the trading day. If there is early strength,
it will likely set up another good short under the initial
resistance levels. On the downside, it looks like a test of
the Wednesday lows would need to quickly reverse, and stay
over the 900 level on the ES to get a decent bounce to trade
from the long side. If the ES cannot reverse and stay over
that 900 level, then a drop towards the 892.50-891.50 is
likely in the cards. The major support, should the market
get hit with another hard selloff, is down at the 877.50-
875.50 area on the ES. That is a transition area and if that
area is tested, the market would need to reverse and not
look back to avoid a bigger break-down.

September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9

909.00-909.50
913.75-914.00
918.00-918.75
923.50-924.00


September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9

905.00-904.50
898.00-897.50
892.50-891.50
884.50-884.00
881.00-879.00 {SP500 Cash}
877.50-875.50


September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9

1459.75-1461.00
1469.50-1470.00
1475.50-1476.00
1482.50-1483.25


September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9

1452.50-1451.50
1438.50-1437.50
1430.50-1428.50


September 2009 Dow futures resistance
symbols: emini = ymu9

8473-8478
8504-8509
8541-8547
8583-8589


September 2009 Dow futures support
symbols: emini = ymu9

8435-8430
8402-8397
8351-8346

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 05/10/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 10 / 2009

(Published Since 1996)

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

Dateline: 4:02 pm eastern time, 5/10/2009

The market started the week on a soft note, but the market
rallied back to new highs for the move on Wednesday and
Friday. The market had gap opens almost every day, and on
Friday the upside stalled and reversed about 20 minutes into
trading. A drop from 923.75 to 909.75 was over about an hour
into the trading day, and then a trend up grind followed.
After getting through 923 on the ES, a sprint to the 927-928
zone occurred but the move was sold into. A pullback to
920.50 occurred and then the market firmed into the close.

The Nasdaq 100 didn't keep up with the blue chips to end the
week, but the SP500 and Dow made new highs for this leg up.
The market has been surprisingly resilient. However, with
the ES closing up 17.75 points while the NQ closed down 5.00
points on Friday, that divergence might be telling. This is
one of the strongest and longest rallies since something
similar happened in 2001. If there is going to be a sizable
correction, or break down of this current rally, it looks
like the SP500 cash needs to close under 907. The market
could be topping out up here, however unless/until there is
a close back under 907, then a drop is just a pullback in an
uptrend.

On Monday look to short early strength if it stalls/reverses
in the first 20 to 40 minutes of trading. If that plays out,
then it looks like the bulls need to hold the 918.50-918.00
area on the ES, or quickly reverse if that is broken. If it
doesn't hold, then the bounces will likely make good
shorting opportunities down towards the 910.50-909.75 area.
If the market falls much further than that, then it will be
in danger of a bigger picture top. If the market opens lower
on Monday instead, beware of a reversal back up to trade in
the early going. That bounce should fail around the Friday
highs if there is going to be a pullback. If the move
fizzles after making a higher high than on Friday, then it
should offer a good shorting opportunity.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

927.50-928.00
931.50-932.00
937.75-938.25
942.50-943.50


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

918.50-918.00
910.50-909.75
908.00
903.25-902.50
898.25-897.50


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1401.00-1402.00
1407.50-1408.25
1415.50-1416.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1385.25-1384.50
1375.75-1375.00
1372.25
1367.00-1366.25
1359.50-1358.50


June 2009 Dow futures resistance
symbols: emini = ymm9

8552-8556
8589-8594
8639-8643


June 2009 Dow futures support
symbols: emini = ymm9

8474-8470
8418-8413
8396
8357-8354
8315-8311


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 05/04/09

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

TradeStalker's

R.B.I. Trader's Update

5 / 4 / 2009

(Published Since 1996)

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

Dateline: 6:23 pm eastern time, 5/4/2009

The market had a gap-and-go open on Monday. The ES opened
about 5 points higher and kept on going until getting to
896.00 by around 11 am. The move stalled out and the market
pulled back but after reaching 889.00, the ES firmed back up
and a choppy grind higher began. The ES rejected the 898
level several times, but the pullbacks were shallow and that
level was blown through with 15 minutes left in stock
trading. The ES ran up to a 904.75 high as stocks closed on
their highs for the day.

The moon-shot on Monday put the market in a very overbought
status short term. The RBI Oscillator reached sell territory
on Monday, and the 3 day thrust is over +.50. When this
combo gets to extremes together, the market usually has
trouble making headway on the upside and more often than not
the market sells off. The only thing missing to make this a
high odds "fade" is no Vix sell signals.

In any case, there is a lot on the economic calendar at the
end of the week. The SP500 cash will have rallied 38.2%
intraday if it reaches 920.07, and 921.50 on the ES. The
levels are 1437.85 on the Nasdaq 100 cash and 1437.50 on the
NQ. That is possible if there is good follow through after
the early action on Tuesday.

On Tuesday we get the ISM Services 30
minutes into the trading day. Look to short early strength
as soon as the upside fizzles/reverses, especially if there
is a higher open that turns in the first 15-30 minutes on
Tuesday. If the market obliges and there is a decent
pullback early, then it should hold around the 895.50-895.00
area on the ES. As long as a pullback holds around that
area, or quickly reverses if broken by much, then the trends
will be rolling over.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

904.50-905.00
910.75-912.00
916.50-917.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

895.50-895.00
889.50-889.00
885.25-884.75
878.25-877.50


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1425.75-1427.00
1431.50-1432.50
1437.00-1438.50


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1417.00-1416.50
1412.50-1412.25
1407.75-1407.00
1402.00-1400.50


June 2009 Dow futures resistance
symbols: emini = ymm9

8383-8387
8426-8429
8461-8465


June 2009 Dow futures support
symbols: emini = ymm9

8318-8312
8302-8299
8262-8258
8192-8184


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

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 RBI Update 04/14/09

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

TradeStalker's

R.B.I. Trader's Update

4 / 14 / 2009

(Published Since 1996)

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

Dateline: 6:54 pm eastern time, 4/14/2009

The market opened down on Tuesday, but the reversal came on
time. The ES reached 840.50 and reversed in the first 20
minutes of trading, and then rallied to the Monday closing
range. The ES reached 853.25, and then the move stalled out
before rolling over. The ES worked its way back down to
836.25 shortly after noon, but a bounce reversed the 840
level and the ES tested its low. The test passed, and the ES
bounce to the updated 842.50 resistance level and then
backed off 4 points. Buyers stepped in and took the ES to
845.00 before the selling came back and the ES dropped to
837.00 and then bounced into settlement.

The daily indicators worked off some of the overbought
status on Tuesday. The drop didn't generate much fear,
however, as the Vix actually dropped on a pretty hard down
day or stocks. The market looked like it topped on Monday,
and
the averages closed under the Monday lows on Tuesday, so a
topping pattern is in place. The upside still looks limited,
with the market going into a trading range being best case
scenario for the short term.

It's earnings season and the futures are trading lower as
this is typed. On Wednesday, look for similar action that
occurred early Tuesday to play out. If the market opens
lower,
and can reverse in the first 20-30 minutes, it could bring a
decent bounce. If that plays out, beware that the first
decent bounce will set up a shorting opportunity, and
probably with better potential than the rally attempt.


June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

839.50-840.00
844.50-845.00
852.50-853.25 *strong*

June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

836.50-836.25
832.00-831.50
825.25-825.00 *gap fill*
818.00-817.50

June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1319.50-1320.00
1326.50-1327.25
1334.75-1336.00

June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1306.75-1305.75
1301.25-1300.50
1296.75-1295.75
1287.50-1286.50

June 2009 Dow futures resistance
symbols: emini = ymm9

7891-7896
7920-7925
7975-7983

June 2009 Dow futures support
symbols: emini = ymm9

7841-7838
7808-7804
7738-7734
7698-7694

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 03/22/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 22 / 2009

(Published Since 1996)

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

Dateline: 5:17 pm eastern time, 3/22/2009

After a drop to 746.00 on the ES early in the week, the
market rallied strongly into Wednesday afternoon. The SP500
revisited the scene of the crime, where the February 17th
breakdown was triggered, and it coincided with a 50%
retracement and a falling 50 day moving average. With that
being too much to get through after a 20% rally off the low,
that marked a top that was sold again on Thursday's open.
After a poor day, a number of sell signals flashed for
Friday's trading, and we got just that. The ES made a double
top at the 785.00 initial resistance level, and it was a
trend down move to 761.50 with 2 hours to go in the trading
day. That was just 1 tick under the last listed support zone
at 762.00-761.75, and the ES bounced back to 771.75. The
move fizzled and failed and the ES went back down to test
the low at the 4 pm close for stocks.

The high and low were both at resistance and support areas
on Friday. The market is just 2 days off of what appears to
be a decent trading high, so the bounces should continue to
fail. The sentiment reached extremes not seen in more than a
year in the options market and the Vix giving 4 sell signals
in 2 days hasn't been reversed just yet. This move could
take the ES back towards the 749.00-748.50 zone on this leg
down. If that occurs, and the market can get turned back up,
then another decent rally could occur. If there is a selloff
to that area, and it isn't reversed, then the market will be
breaking back down. Odds would then favor a drop back to the
734-733 area, and possibly back under 720 before a reversal
occurs.

On Monday, if the ES breaks the 762.00-761.50 area and can
quickly reverse back up, then a decent trade could set up on
the long side. On the other side of the coin, a pop up open
that fizzles will offer a good shorting opportunity. After
the early going, it will take a break and hold over the
initial resistance zones to change the downside pace. If
that happens, there could be more upside but beware of a
reversal as the bounces are not sticking.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

772.50-773.25
779.50-780.25 **key**
784.50-785.25 **major Monday**
789.25-790.00


June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

762.00-761.50
758.00-757.50
753.00-752.50
749.00-748.50


June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1194.25-1195.00
1204.25-1205.25 **key**
1213.50-1214.00 **major Monday**
1220.50-1222.00


June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1178.00-1177.25
1172.75-1172.00
1166.50-1165.50
1161.75-1161.00


June 2009 Dow futures resistance
symbols: emini = ymm9

7288-7291
7375-7380 **key**
7402-7406 **major Monday**
7461-7464


June 2009 Dow futures support
symbols: emini = ymm9

7201-7197
7164-7158
7112-7107
7078-7074


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

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.

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

TradeStalker's RBI Update 03/17/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 17 / 2009

(Published Since 1996)

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

Dateline: 5:58 pm eastern time, 3/17/2009

A flat open was sold on Tuesday and the ES dropped to the
747.25-746.75 zone. A token break of that zone lasted a
mille-second, and from 746.00 the ES reversed and rallied to
the 757.50-758.00 zone. That was a heads-up for a reversal,
and the ES dropped from 758.25 to 751.50 in a slow grind
lower. A reversal from that level started a rally to new
highs for the day. The ES reached 766.75 and the move
finally fizzled and reversed. The ES dropped to 758.50, old
resistance, and made a reversal pattern back to the upside.
That lead to a run to 769.75 before reversing course. Buyers
came back in with 30 minutes left, and from a 764.25
pullback low the ES ran up and took out the Monday high on
the way to a 777.00 high at the close.

We get the CPI before the open on Wednesday, and then the
Fed decision on interest rate policy at 2pm eastern time.
The market acted very well on Tuesday, and the path of least
resistance is to the upside at the moment. As long as a
pullback can hold the 758.75-758.00 area on the ES, it's
just that, a pullback in a good uptrend or trading range. If
that area is broken, and not quickly reversed, then the
market is back in trouble on a bigger timeframe.

On Wednesday, look for early strength to be sold as soon as
the upside stalls/reverses. If that plays out, then the
first decent pullback should set up a buying opportunity.
Thereafter, if there is a trending move into the Fed
release, then odds favor a reversal. In any case, after the
release there tends to be a quick back and forth movement,
then a trend should develop. If that occurs, the trend
should last into the last 30 minutes or so.

June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9

777.00
779.00-779.50 *major*
785.50-786.00
792.00-792.50
797.50-798.50
802.50-804.25

June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9

770.50-769.75
764.50-764.25
758.75-758.00
747.00-746.00

June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9

1191.50
1194.75-1195.50
1204.50-1205.50
1211.25-1212.50

June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9

1184.75-1184.75
1176.50-1175.75
1163.50-1162.75
1149.00-1147.50

June 2009 Dow futures resistance
symbols: emini = ymm9

7415
7436-7441
7488-7494
7562-7567

June 2009 Dow futures support
symbols: emini = ymm9

7369-7361
7316-7312
7271-7267
7176-7173

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 03/09/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 9 / 2009

(Published Since 1996)

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

Dateline: 6:37 pm eastern time, 3/9/2009

The market opened lower on Monday, and the ES reversed from
the 675.00-674.50 KEY support and put together a decent
rally. However, the move fizzled and reversed from just 1
tick over the 694.00-694.50 resistance zone and a grind
lower was underway. After falling to 680.75, updated
resistance was given at 690.00. The ES reached 689.25 and
then dropped to 676.00 by 1pm. The 684 level was updated
resistance, and a ragged bounce reversed from 684.25. The ES
fell back to test the 676.00 level again, and the third time
down there was bought again. The ES was able to bounce back
to 682.25 but the move couldn't gain traction and the ES
rolled over and finally broke that support. After reaching
672.00 the market bounced back and churned into the close.

The averages all made new closing lows for this bear market
on Monday. It "feels" like there are eager buyers ready for
a good reason to buy stocks, but the bids get pulled as soon
as a hint of trouble appears. Oddly, the closing Trin on
Monday was a rather small .48. That's not what bulls want to
see for a good bottom to be put in place. Also, the
sentiment is way too bullish. The Vix is stuck around 50,
and hasn't spiked like it tends to do at good lows. Also,
the ISE call/put ratio reached 220 at Monday's close,
meaning for every 100 puts that transacted, there were 220
calls that traded. It seems that the options traders think
the market has only upside potential from here.

Although the market is oversold, the trends and momentum are
still to the downside, the bounces that fizzle should still
offer the better opportunities. If this leg down plays out
the way a "wave 5" often does, the SP500 cash could still
reach 626.74 (+/- a couple points) before a low can be put
in place. We shall see. The market still can not get a
decent rally to stick, so until it does the door remains
open for lower prices.

On Tuesday look for early weakness to be bought, and then
the first rally attempt should set up a shorting opportunity
as soon as the upside stalls out and begins to reverse. If
that happens early, and a bounce fails to break and hold
over the 684.25 level on the ES, then the bears are still
firmly in charge. However, if the ES gets over 684 and the
NQ gets over 1057.00, and the move isn't rejected, then a
run up to test/break the Monday highs could be in the cards
before another reversal occurs.

March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

677.50-678.00
683.50-684.25
688.50-689.25
694.25-694.75
699.75-700.25 **key**


March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

672.50-672.00
666.50-665.50
662.00-661.50
air-pocket possible

March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1048.50-1049.25
1056.50-1057.25
1065.50-1066.75
1077.00-1077.75
1089.50-1090.50

March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1041.00-1040.25
1035.00-1034.50
1028.75-1027.50

March 2009 Dow futures resistance
symbols: emini = ymh9

6558-6562
6608-6612
6650-6654
6693-6699
6738-6746

March 2009 Dow futures support
symbols: emini = ymh9

6512-6508
6464-6460
6419-6415

FREE Educational Trading Articles:
CLICK HERE to visit our site!

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members

and for faster updates and additional commentary here:

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

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


Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 03/08/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 8 / 2009

(Published Since 1996)

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

Dateline: 5:49 pm eastern time, 3/8/2009

It was a rough week for the market as all of the averages
went to multi-year lows. On Friday the market popped up on
the Jobs data, but the early strength was sold and the
market traded in a trend down mode until the last hour of
trading. The ES reached 665.75 and then bounced. After the
pop failed, the ES made a little double bottom pattern and
then turned back up. In the last 45 minutes for futures
trading, the ES sprinted back up to 688.75 and settled well
over fair value.

We have seen these sharp rallies fizzle and reverse over and
over in this bear move lower. This time, however, the market
acted a bit differently. The downside didn't have the
momentum that most of the other drops have had. Also, in the
afternoon there was a switch away from a relatively weak NQ
versus the ES. The NQ acted like it was unable to be pushed
much lower and it flattened out and then got some wings on
Friday afternoon.

At the moment it looks like we could see a decent rally in
the shape of an up-down-up type of pattern. If that occurs,
then when that move runs out of steam on the upside, we
should get one more drop to test or slightly break the
Friday lows. The market is still somewhat oversold, and
Friday ended with the market in uptrends. If this pattern
plays out over the next few days, it should get the crowd
bullish again and set up that final shake-out.

Look for early strength to set up a shorting opportunity if
the move stalls and begins to roll over on Monday. If that
plays out, look for the first decent pullback to set up a
good buying opportunity. If there is a drop back to the
675.00-674.50 area, and the move stalls and quickly turns
back up, it is a good spot for an entry on the long side.

March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

688.00-688.75
693.50-694.50
699.75-700.00 **key**
702.50-703.50
712.50-713.00 **strong**
717.25-717.50
723.50-724.00 **short term major**


March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

680.50-679.75
675.00-674.50 **key**
670.50-670.00 **strong support must hold**
666.50-665.50


March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1077.00-1078.00
1083.50-1084.50
1091.75-1092.25 **key**
1100.50-1102.00
1110.00-1110.50 **strong**
1115.50-1116.50
1124.50-1125.00


March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1064.50-1063.50
1058.50-1057.75 **key**
1052.50-1051.50 **strong support**
1044.00-1043.00


March 2009 Dow futures resistance
symbols: emini = ymh9

6679-6685
6689-6693
6744-6749 **key**
6785-6789
6877-6882 **strong**
6919-6924
6967-6972


March 2009 Dow futures support
symbols: emini = ymh9

6603-6599
6546-6542 **key**
6505-6501 **strong support**
6463-6460

Visit our site for FREE Trading Articles:
CLICK HERE
---------------------------

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members

and for faster updates and additional commentary here:

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

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


Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 03/05/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 5 / 2009

(Published Since 1996)

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


Dateline: 6:49 pm eastern time, 3/5/2009

The ES gapped down on Thursday and right in the 694.75-
694.00 support zone. The ES held and turned up from 694..50
and a feeble bounce followed. The move fizzled as it reached
a 703.50 bounce high, then the market rolled over and tested
the lows. The 694.25 low made a little double bottom, but
the bounce had no gusto and the market rolled over again. In
trend down fashion, the ES fell to the 682.50-681.50 support
zone and then reversed to the upside. The bounce had trouble
at the 692 updated resistance and fell back to 681 again
with just over an hour left in trading. A pop to 688.75 was
rejected, as it coincided with the 60ema on the 5 minute
chart, and the ES plunged to a new low at 676.25 with about
20 minutes left in stock trading. A reversal occurred and
for the first time in awhile the ES rallied into the close.

We get the jobs data on Friday and with the market getting
hammered again, the market needs some good news. There
should be a good number of shorts trapped under 680 and
wanting to see that area tested to get even. Also, with the
market in a deeply oversold status again, the market might
finally give us a decent bounce. How far and for how long is
up in the air, but it's doubtful that a rally is going to
stick.

If there is early weakness and the market can reverse from a
test of the Thursday lows, then a trade on the long side
could set up. If there is some early strength, it will be a
gift on the short side as soon as the upside fizzles. We
could see two-sided action however. As long as the 676.75-
676.25 area on the ES is not broken, the market is repairing
itself. However, if a re-test of that area isn't reversed,
then we could spill towards the 662.50-661.50 zone. If a
reversal doesn't occur from that much more on the downside,
then the ultimate low may not be seen until reaching the 602
area on the SP500 cash.

March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

688.00-688.75
693.50-694.00
702.50-703.50
712.50-713.00
717.25-717.50
723.50-724.00


March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

681.00-680.50
676.75-676.25
673.50-672.50
662.50-661.50


March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1085.50-1086.00
1091.75-1092.25
1100.50-1102.00
1110.00-1110.50
1115.50-1116.50
1124.50-1125.00


March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1078.75-1077.50
1072.00-1071.25
1067.50-1066.50
1052.50-1051.50


March 2009 Dow futures resistance
symbols: emini = ymh9

6650-6655
6689-6693
6785-6789
6877-6882
6919-6924
6967-6972


March 2009 Dow futures support
symbols: emini = ymh9

6586-6584
6537-6534
6505-6501
6403-6398


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 03/03/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 3/ 2009

(Published Since 1996)

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


Dateline: 6:14 pm eastern time, 3/03/2009


The market opened higher on Tuesday, but the ES was
immediately sold and fell from 712.00 to 691.25 by late
morning. A bounce to 703 on the ES failed, and the market
went back to test the lows. A reversal from 692.50 started a
run-up to 709.50 just before 3pm eastern time, and then
selling came in. The ES fell through 703 and gathered some
steam, as the market fell to new lows in the final minutes
of trading. The ES finally reached the 688 handle that I've
been mentioning, reaching 688.75 just before settlement.

The market continues to act horrible, and the damage is
getting to a spot where it will take some time to repair.
Right now, it will take a close over 712 to begin a
bottoming process. The indicators are deeply oversold, and
the Vix did give one buy signal on Tuesday's close, so maybe
we can get a decent bounce intraday. However, it is
beginning to look like a drop of another 20 points on the ES
is very possible.

On Wednesday, continue to focus on the short side. If there
is early weakness, look for a reversal to set up a trade on
the long side. If that plays out, beware that the first
decent bounce will be sold as soon as the upside fizzles. We
will get the Fed Beige Book at 2pm eastern time, so the end
of day could see even more volatility than normal.


March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

699.50-700.00
709.00-709.50
712.50-713.00
719.25-720.00

March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

688.00-687.50
682.50-681.50
673.50-672.50
662.50-661.50
air-pocket if broken

March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1088.50-1089.25
1096.00-1096.50
1102.25-1102.75
1108.50-1109.50

March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1062.50-1062.00
1052.50-1051.50
1046.50-1045.50
[watch ES if broken]

March 2009 Dow futures resistance
symbols: emini = ymh9

6760-6765
6840-6845
6868-6873
6914-6917

March 2009 Dow futures support
symbols: emini = ymh9

6665-6662
6612-6607
6545-6540


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

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 RBI Update 03/02/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 2 / 2009

(Published Since 1996)

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


Dateline: 6:54 pm eastern time, 3/02/2009


The market gapped down on Monday, and buyers stepped to the
plate and the market bounced a bit. However, the move
fizzled at 724.50 on the ES about 30 minutes into the
trading day, and a trend down move was underway. Around 1:30
p.m. the market made its only counter-trend bounce of the
day, as the ES went from 703.00 up to 712.50. That coincided
with the 60ema on the 5 minute chart, and the market rolled
back over. The ES finally dropped under 700 with about 20
minutes left in stock trading, reaching a 698.75 low before
reversing. The rebound took the ES back to 706 and it
settled well above fair value.

The market showed a bit of capitulation on Monday. Only 203
advancing issues on the NYSE is rare, and the closing Trin
above 3.50 is normally a sign of panic selling. This should
set the stage for a decent rally attempt on Tuesday. There
is some economic data on the docket before the open, and
also the ISM Index at 10 a.m. eastern time. If this turns
out to be the case, it looks like the ES should make an up-
down-up type of pattern and then one more drop to test/break
the Monday lows. We'll see how that plays out. If it does,
then a reversal should mark a good trading low for a good
sized snap-back rally.

On Tuesday look for early strength to fizzle to set up a
trade on the short side, and then the first decent pullback
should set up a buying opportunity when the downside slows
and begins to turn back up. On the other side of the coin,
if there is an early drop under 700 on the ES, and then the
market turns back up through that level, it should spark a
decent rally. After the early going, as long as the 700
level on the ES is held, the market should be "ok" for a
decent rally. If the ES goes under 700 and can not quickly
reverse, then the market is still in trouble and the ES will
probably drop another 10+ points before getting footing and
turning back up.

March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

707.50-708.00
712.50-713.00
719.25-720.00
724.00-724.50
732.50-733.00

March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

699.50-698.75
694.75-694.00
688.00-687.50
684.00

March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1089.25-1090.50
1095.25-1096.50
1101.50-1102.50
1107.00-1107.75
1116.60-1117.50

March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1075.00-1074.25
1068.75-1068.00
1060.50-1059.75


March 2009 Dow futures resistance
symbols: emini = ymh9

6814-6819
6868-6873
6914-6917
6962-6967
7048-7053

March 2009 Dow futures support
symbols: emini = ymh9

6745-6740
6698-6693
6648-6643

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 03/01/09

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

TradeStalker's

R.B.I. Trader's Update

3 / 1 / 2009

(Published Since 1996)

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


Dateline: 5:52 pm eastern time, 3/01/2009


The ES gapped down almost 17 points on Friday, but it held
just over the 732.00-731.50 support area and reversed. From
a 733.00 early low, the bulls put together a choppy rally
into the afternoon. The ES closed the gap on the daily
chart, and then quickly reversed from 750.75. The 740 level
was finally re-broken, and the market ended the day with
selling into the close.

The market closed at multi-year lows on Friday. After
breaking down from a 5 day trading range, the market really
has its work cut out for it to turn around. The ES closed
just above the last decent support that can be found Dow
here, just over the 732.00-731.50 area. The areas that carry
more weight are the Friday highs. After testing the gap at
750.75 the ES rolled over and closed at its low. It will
take a close back over 750 on the ES just to get the market
into neutral territory.

That said, shorting the bounces is still the better odds
trade unless there is a break, and hold, over the 750.00-
750.75 area on the ES and also the 1135.00-1135.75 area on
the NQ. The bounces are still shorting opportunities under
those areas. As for a trade on the long side, a lower open
that reverses in the first 20 minutes should set up a decent
bounce. If that plays out, don't fall in love with that
position as the first decent bounce will likely be sold.

March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

742.50-743.50
750.00-750.75
758.00-758.50
767.25-767.75
771.50-772.25
779.00-779.50

March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

732.00-731.50
727.50-727.00
721.00-720.50
air-pocket, hard to find good support
692-688 zone

March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1128.50-1129.00
1135.00-1135.75
1142.00-1143.00
1151.75-1153.00
1162.50-1163.50
1173.50-1175.00

March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1112.50-1112.00
1107.25-1106.50
1098.50-1097.50


March 2009 Dow futures resistance
symbols: emini = ymh9

7132-7137
7185-7189
7226-7230
7303-7307
7333-7336
7387-7393

March 2009 Dow futures support
symbols: emini = ymh9

7046-7041
7002-6997
6948-6944

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 02/24/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 24 / 2009

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


Dateline: 7:05 pm eastern time, 2/24/2009


The market opened higher on Tuesday but early strength was
sold. The ES dropped from 753.50 to 743.50 about 40 minutes
into the trading day, and buyers stepped to the plate. The
757.00-757.50 area was rejected around 11am, and the ES
backed off to 746.25 around noon and the move was reversed.
The ES finally pushed through the 757.00-757.50 area, and
with that work done the market went into trend-up mode. With
just over 30 minutes left in stock trading, the ES reached
774.75 and backed off. A pop to a lower high set up a 1-2-3
top and the ES dropped 7.50 points and closed under fair
value.

If you made new investments in the proxies early on Tuesday,
you are off to a good start. For as oversold as the market
was, and the fact that the ES bottomed at major support area
on Monday, this move could/should last for a few days. The
Vix gave a couple of buy signals, but it's kind of had a
damper on it a bit due to the Vix dropping over 13% on
Tuesday. Most of the other indicators leaped out of deep
oversold territory. So, the technicals are looking ok at the
moment. Price now need to stay in an uptrend.

On Wednesday morning, look for the "sell early, buy the
first decent pullback" to play out. if there is early
strength look for a reversal in the first 20 minutes or so.
If that plays out, the initial support will need to hold,
and should offer a buying opportunity. If there is weakness
instead, and it reverses back up from the 764.75-764.25 area
on the ES, then the uptrends are still intact and the bulls
should be in charge. However, if that area is broken, then
we could see a bigger drop towards the 756.50-756.00 area at
worst. If a drop that far isn't reversed, then there is more
trouble ahead for the market, and bounces that fizzle would
then become shorting opportunities.



March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

774.00-774.75
778.75-779.50
783.50-784.25
789.50-790.00
794.75-795.25
800.50-801.25
805.50-806.00

March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

764.75-764.25
756.50-756.00
751.00
748.50-748.00
740.00-739.00

March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1176.75-1177.50
1183.50-1184.50
1187.50-1188.00
1193.50-1194.00
1203.50-1204.00
1210.50-1211.50
1217.50-1218.50

March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1126.50-1125.50
1120.25-1118.75
1094.00

March 2009 Dow futures resistance
symbols: emini = ymh9

7362-7366
7417-7423
7502-7506
7538-7542
7595-7599
7638-7643
7694-7699

March 2009 Dow futures support
symbols: emini = ymh9

7266-7262
7208-7203
7164
7155-7151
7086-7081

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 02/23/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 23 / 2009

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


Dateline: 6:51 pm eastern time, 2/23/2009

The market opened higher on Monday, but the strength was
immediately sold and the market headed lower. It was a basic
trend down day with only one decent counter-trend reaction,
but that bounce reversed from the updated resistance at the
757.00-757.50 area on the ES. After reversing from 757.25,
the ES dropped into 4pm where it found bottom at 738.75 (and
in the 741-739 major support zone) and then the futures
firmed to close a bit above fair value.

The market gets uglier each day. Monday was a case in point
of why it's important to change a market bias when price
action dictates. On Monday it didn't matter that the market
is oversold, due to strong momentum and a herd mentality.
That can change on Tuesday, we'll see. At the moment it
still is "I'm not buying yet" from the bulls and "get me out
of here" from those stuck bottom picking up to this point.
The bears are just looking for another bounce to fail.

At this point, it is looking like its almost time to begin
to scale into positions for the long term trader/investor.
The low on Monday was right at a key support area, and as
long as it is held, a trading low could be in place. Odds of
a decent bounce coming soon is pretty good. The odds of it
sticking for more than a few days, however, don't look so
good at the moment. The risk on the ES would be down to
around 733-732 it appears. If the ES goes through that area
by much, then the 700 level will probably be broken on this
leg down, with the SP500 possibly going towards the 682
area.

That said, look for two-sided action on Tuesday. In first 30
minutes, if there is early strength and it fizzles and/or
reverses from the initial resistance areas, then the trends
are still all pointing down and selling bounces is still the
better odds trade. However, if the market can hold over the
initial resistance areas, and also take out the 757.00-
757.50 area on the ES, then a low of some sort may be in
place. If that occurs, then the pullbacks should hold, so
when the dips stall out, look for another pop on the upside.


On the other side of the coin, if the market opens lower but
can then reverse back up from the 740.00-739.00 area (or a
little bit higher) on the ES, then we can get a good risk /
reward entry for a trade on the long side. Just beware that
if the 740-739 area on the ES is broken, there needs to be a
very quick reversal back up. If the ES breaks and stays
under that 740-739 area, then we could drop another 50
points on the ES before this selloff is over.


March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

747.00-747.50
750.25-751.00
757.00-757.50
764.00
771.00-771.50
778.75-779.50

March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

740.00-739.00 *major*
733.25-732.50
716.00
nothing much for valid support until...
682-681 on a close

March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1137.50-1138.00
1142.00-1143.00
1150.50-1151.25
1159.75
1174.00-1174.50
1183.50-1184.50


March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1126.50-1125.50
1120.25-1118.75
1094.00

March 2009 Dow futures resistance
symbols: emini = ymh9

7129-7131
7176-7180
7246-7252
7312
7372-7376
7457-7463

March 2009 Dow futures support
symbols: emini = ymh9

7086-7081
7012-7006
6872

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 02/12/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 12 / 2009

(Published Since 1996)

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


Dateline: 6:25 pm eastern time, 2/12/2009


The market gapped down on Thursday and the pressure was on
until the ES reversed from 808.25 about 30 minutes into
trading. A run up to 825.00 followed, but the move failed
and after a little 1-2-3 top was made, the ES worked its way
to a new low at 805.50. With an hour left, the market
reversed and rallied to the 836.25 resistance by the close.

The SP500 has spent 23 straight trading days between 877 and
804. On Thursday they reached the lower end of that zone and
then rallied straight up covering 30 points in 75 minutes on
futures trading. On Friday, look for early strength to
fizzle to set up a shorting opportunity. Thereafter, the ES
needs to stay over the 825.00-824.50 area on a pullback,
otherwise a top will be in place and a sharper drop is in
the cards. Both sides should be in play, but beware of a
move that reverses from near the 840.25-840.75 area, if the
market has enough oomph to get there. A reversal from that
zone sets up a good bigger picture shorting opportunity.




March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

835.75-836.25
840.25-840.75
846.00-846.50
852.50-853.25


March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

825.00-824.50
819.00-818.50
812.50-812.00
805.50
800.50-799.50


March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1247.00-1247.50
1253.25-1254.00
1260.25-1261.25
1260.25-1261.25


March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1225.75-1225.00
1219.00-1218.50
1207.25-1206.75
1202.50


March 2009 Dow futures resistance
symbols: emini = ymh9

7941-7946
7978-7984
8023-8028
8056-8062


March 2009 Dow futures support
symbols: emini = ymh9

7843-7838
7788-7784
7734-7727
7662


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

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 RBI Update 02/11/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 11 / 2009

(Published Since 1996)

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


Dateline: 6:28 pm eastern time, 2/11/2009


The market opened slightly higher on Wednesday but the early
strength was sold about 25 minutes into trading and the ES
dropped from 835.50 to updated support at 824.50. The market
reversed and went up to test the highs, but the move fizzled
and the market went trend down to test the Tuesday low.
After reaching 819.50, the ES quickly reversed and the ES
ran back up to 835.50 again and then backed off 9 points to
826.25. Buying came in in the last 20 minutes as the market
ended the day about where it started.

The internal gauges have come back to neutral after being at
extremes at Monday's close. The move on Wednesday was mostly
within the Tuesday range, as the downside momentum abates a
bit. The market should try to repair some of the damage from
the hammering the market took on Tuesday. An up-down-up type
of move off of this low could set the market up for one more
hard hit to the downside, which could end the current major
bear market move and be the beginning of a rally into early
spring.

In any case, on Thursday the market will need to hold the
initial support areas in order to avoid rolling back over
again. That's at the 826.25-825.50 zone on the ES and the
7902-7897 area on the Dow Cash. If they are broken, then a
test of the Wednesday lows would need to hold. The ES made a
double bottom at the 819.50 level on the ES, and the quick
reversal showed that the support should be solid there. If
that is broken and not quickly reversed for a third time,
then a move towards the 800 area on the ES could be in the
cards.

On the upside, the ES made a double top at the 835.50-836.25
area on Wednesday. The market was unable to sustain its
gains, so a move back towards that area needs to avoid
fizzling out again. A move above that area could cause a
push towards the 840.25-840.75 zone. If the market gets
there and then reverses, it should offer a good shorting
opportunity.



March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

835.50-836.25
840.25-840.75
852.50-853.25


March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

826.25-825.50
820.00-819.50
817.50-816.75
812.50-812.00
807.50-807.00
800.50-799.50
794.00-792.50


March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1335.00-1236.25
1240.25-1241.50
1256.50-1257.75


March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1221.50-1221.00
1217.00-1216.50
1212.25-1210.75
1207.25-1206.75
1199.25-1198.25


March 2009 Dow futures resistance
symbols: emini = ymh9

7946-7952
7978-7984
8056-8062


March 2009 Dow futures support
symbols: emini = ymh9

7902-7897 {cash}
7815-7810
7799-7794
7762-7757
7712-7706


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

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 RBI Update 02/10/09

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

TradeStalker's

R.B.I. Trader's Update

2 / 10 / 2009

(Published Since 1996)

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


Dateline: 8:18 pm eastern time, 2/10/2009


A lower open was bought on Tuesday, but that strength was
sold about 30 minutes into the trading day and the market
rolled over. From a high at 866.00 on the ES, the ES broke
the key support as is was trend down from there. The bounces
halted by the 20 period ema on the 5 minute chart until
dipping into the teens with 18 minutes left in stock
trading. The ES reversed quickly from 819.75 and bounced
about 10 points, and then churned into the close.

Well, the market was ripe for a selloff and it obliged by
falling hard on Tuesday. With the damage that was done, it's
hard to believe that the market will just shrug this off and
put together a good rally. A trade may develop on the long
side due to the big closing Trin on Tuesday. However, if we
do get a rebound, beware of a reversal once the upside
fizzles. All trends are currently pointing down and
unless/until there is a break and hold over the 832.00-
832.50 area, the bears still are in charge.

On Wednesday look for a shorting opportunity on an early pop
that fizzles under the 832.00-832.50 area. If that area is
not reversed, then we could see a decent run occur....
potentially back towards the 840.25-840.75 area. However, if
the market fails to clear and hold that 832.00-832.50 area,
then the downside should continue. If this move lower
continues and reaches the 800.50-799.50 area on the ES, a
quick reversal must occur. If that happens, then a low could
be in place. However, if that area is broken, then we could
be heading back towards the 7450 area on the Dow cash. That
appears to be major support. It is another 438 points below
the Tuesday close and if there is a retest, it must hold to
avoid a collapse.



March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9

829.50
832.00-832.50 *key early*
840.25-840.75
852.50-853.25


March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9

819.50 *must hold*
817.50-816.75
812.50-812.00
807.50-807.00
800.50-799.50 *major*
794.00-792.50


March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9

1235.25
1237.75-1238.50
1247.25-1248.50
1256.50-1257.75


March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9

1221.50
1218.25-1217.25
1212.25-1210.75
1199.25-1198.25


March 2009 Dow futures resistance
symbols: emini = ymh9

7913
7972-7978
8052-8056
8116-8123


March 2009 Dow futures support
symbols: emini = ymh9

7810
7804-7799
7762-7757
7712-7706
7449 Dow cash *major*

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

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.
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