TradeStalker's RBI Update 03/31/10

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

TradeStalker's

R.B.I. Trader's Update

3 / 31 / 2010

(Published Since 1996)

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

Dateline: 6:56 pm eastern time, 3/31/2010

A lower open was bought on Wednesday, but the bounce didn't
stick and the ES dropped from 1167.00 to 1161.25 in the
first 25 minutes of trading. The move then reversed back up,
and the ES rallied back to 1170.50 before pulling back. A
bounce back to 1170.50 was rejected again, and then a 1-2-3
top formed and the market headed lower in a hurry. The
market dropped to test the early lows then reversed with 15
minutes left in stock trading (30 left for the futures) and
rallied back into the close. The settlement price is because
of the stupid "quarterly settlement at fair value".

NOTE: There will be intraday updates on Thursday,
but the next nightly update will be sent on Sunday
night. We wish you a great Easter Day weekend.
Travel safely.

The market has been acting toppy, but buyers step in at the
bottom of the current range and run the market up. The
action on Thursday should be choppy in front of the
Employment numbers that come out on Friday morning. The
expectations for a "good" number are high, so it must not
disappoint or the market might not let stock owners out
gracefully.

In any case, the rally from the lows in the last 15 minutes
of stock trading kept the market in a trading range, and
also left a "W" bottom on the charts. The market is bullish
unless those lows are broken, and then not easily or quickly
reversed. The 1170 area has been reversal territory lately,
but if the 1170.50-1171.00 zone on the ES is not rejected,
then we could see the 1176.00-1176.50 zone tested one more
time before a reversal. So, the first big hurdle would be
getting over the 1170.50-1171.00 zone and holding. Another
failure there could be a set up for a sharp drop.

If the market gets over that zone and holds it, then the
1176.00-1176.50 zone could be in the cards. If the market
gets there and does *not* reverse, then a surprise move back
towards the 1225-1230 area might be possible IF the market
goes into a melt-up mode. Given how anxious the market acted
while it was briefly above the 1170 level, that kind of move
would be a huge surprise. A reversal from near the old high
at 1176 appears to be better odds if the market gets there.

The Employment number is on Friday and the support/
resistance tables expand beyond the current range in case
that breaks the market out of this range.

June 2010 SP futures resistance
symbols: emini = esm0 / big contract =spm0

1168.00-1168.50
1170.50-1171.00 **range high
1173.25-1173.75
1176.00-1176.50 **major
1181.50-1182.50


June 2010 SP futures support
symbols: emini = esm0 / big contract =spm0

1165.50
1163.00-1162.50 **range low
1159.50-1157.75
1156.50-1155.75
1152.00-1151.50
1148.50-1147.75 **major


June 2010 Nasdaq futures resistance
symbols: emini = nqm0 / big contract = ndm0

1961.75-1962.50
1967.00-1967.50 **range high
1971.50-1972.50
1976.75-1977.25 **major
1982.00-1983.00


June 2010 Nasdaq futures support
symbols: emini = nqm0 / big contract = ndm0

1955.50
1952.50-1951.50 **range low
1944.25-1942.50
1939.25-1938.50
1934.25-1933.50
1924.25-1922.25 **major


June 2010 Dow futures resistance
symbols: emini = ymm0

10825-10828
10843-10846
10875-10879
10894-10898
10922-10925


June 2010 Dow futures support
symbols: emini = ymm0

10800
10775-10771 **range low
10753-10747
10738-10732
10697-10694
10638-10633 **major


CLICK HERE FOR FREE TRADING VIDEOS!

Good Trading,
Mike Reed
TradeStalker.com

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

This publication's primary focus is trading the index
futures ($ES_F). 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 02/10/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 10 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 2/10/2010

The lower open was bought on Wednesday and the ES popped up
5.75 points to 1069.75 and quickly reversed. The early game-
plan worked nicely as the first bounce failed under initial
resistance and then the ES dropped to 1056.25 in trend down
fashion. The trend was reversed an hour into the day, and a
rally was pretty good, but it was stopped cold after a
direct hit of the 1071.50-1072.50 resistance zone. After a 6
point drop to 1065.25, we were re-entering a short on a
bounce towards 1069 and the ES rejected 1068.50 twice before
dropping 5 points to 1063.50. A bounce back to the 1066.00-
1066.50 followed, and it set up one last short as the ES
dropped from 1066.25 to 1063.00 just before settlement.

Once again the market was unable to hold its gains and
closed poorly. Also, the 1071.50-1072.50 resistance zone was
soundly rejected so that might be all there is for upside
potential at this time. The ES was feeling comfortable
around the 1066 area, having opened and settled at 1106.50
and 1066.25 on Tuesday. The Wednesday open was at 1065.75
and the ES was right there at the 4 pm close for stocks. The
fact that they dropped into settlement looks like a tip-off
for more weakness ahead.

On Thursday look for the same pattern of early weakness
being bought, and if that plays out then the first decent
bounce should set up a good shorting opportunity as long as
the move fails under the initial resistance zones. If that
1066.25 area is not rejected, then a test of that 1071.50-
1072.50 zone would be key to how strong, or weak, the market
is. On the downside, if the Wednesday low areas at 1056.50-
1056.00 on the ES and 1739.25-1738.50 on the NQ are tested,
and not quickly reversed, then this move lower could gather
some steam. It would open the door to re-visit the 1048.00-
1047.50 area on the ES before any kind of reversal attempt.
If the market gets down there, it must rebound sharply
otherwise we will be back to testing the major support that
this publication nailed last Friday at the 1044-1042 area on
the SP500 cash.

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

1066.25
1068.00-1068.50
1071.50-1072.50
1077.00-1078.0
1082.00-1082.50


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

1063.00
1056.50-1056.00
1053.00-1052.50
1048.00-1047.50
1040.75-1039.50 MAJOR


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

1748.50
1752.25-1753.00
1758.00-1759.00
1767.00-1768.00
1774.00-1774.75


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

1743.50
1739.25-1738.50
1731.00-1730.50
1723.50-1722.50
1712.00-1710.75 MAJOR


March 2010 Dow futures resistance
symbols: emini = ymh0

10010
10026-10030
10053-10058
10103-10108
10149-10154


March 2010 Dow futures support
symbols: emini = ymh0

9983
9932-9927
9898-9895
9848-9846
9798-9791 MAJOR

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 02/09/10

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

TradeStalker's

R.B.I. Trader's Update

2 / 9 / 2010

(Published Since 1996)

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

Dateline: 6:26 pm eastern time, 2/9/2010

The ES opened up 10+ points and reversed from the 1068.00-
1068.50 resistance then dropped 4.50 points. The second pop
was quickly reversed, and the break of 1063 started a drop
to 1058.00. A double bottom was made, and the reversal was a
buy when the 1063 level was broken and held. After the quick
drop, updated resistance at 1071.25-1072.50 area was tested
and reversed and gave us a 6.25 point drop into the last 5
minutes of stock trading.

The market had a good morning, however once again it was
unable to avoid a good sized pullback. The market pretty
much worked off its oversold status, but the sentiment is
still a bit too bearish which could help prop the market up.
In any case, the market will be okay as long as the initial
support areas hold, or are quickly reversed. If they are
broken early, then a bounce will likely set up a shorting
opportunity when it fizzles out. The initial support areas
still need to be exceeded, and then held on a pullback, to
get a decent uptrend intact.

On Wednesday, if the market opens lower, that should set up
a pretty good trade on the long side. If that plays out,
beware that the first decent bounce should set up a good
shorting opportunity, especially if a bounce fails to clear
the initial resistance. If that 1071.50-1072.50 area is
easily cut through, then a move to test/ exceed the Tuesday
highs is likely before any sort of reversal occurs.

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

1071.50-1072.50
1077.00-1078.00
1082.00-1082.50

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

1065.00-1064.50
1058.50-1058.00
1053.00-1052.50
1048.00-1047.50
1040.75-1039.50 MAJOR


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

1758.00-1759.00
1767.00-1768.00
1774.00-1774.75

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

1749.00-1748.00
1739.25-1738.50
1731.00-1730.50
1723.50-1722.50
1712.00-1710.75 MAJOR


March 2010 Dow futures resistance
symbols: emini = ymh0

10068-10072
10103-10108
10149-10154

March 2010 Dow futures support
symbols: emini = ymh0

9998-9994
9941-9937
9868-9865
9848-9846
9798-9791 MAJOR

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 02/01/10

HOW OUR DAY WENT:

The ES broke and held the 1074.50-1075.25
initial resistance, which was needed to get a rally going.
The ES rallied to the 1084.00-1084.50 area, and that area
set up 4 quick shorting opportunities... a 5.00 point drop,
a 4.50 point drop, a 3.50 point drop and then a 2.25 point
drop before finally breaking out with 5 minutes left in
stock trading.

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)

TradeStalker's RBI Update 01/21/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 21 / 2010

(Published Since 1996)

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

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

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

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

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

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

1117.00
1119.00-1119.50
1122.50-1123.00
1125.75-1126.25

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

1109.50-1108.50
1104.25-1103.50
1099.00-1098.25

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

1852.50
1857.50-1858.00
1862.50-1863.00
1868.00-1869.50

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

1836.50-1836.00
1832.00-1831.25
1824.50-1822.75

March 2010 Dow futures resistance
symbols: emini = ymh0

10370
10384-10388
10423-10427
10468-10475

March 2010 Dow futures support
symbols: emini = ymh0

10315-10310
10279-10275
10230-10225

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 01/19/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 19 / 2010

(Published Since 1996)

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

Dateline: 6:12 pm eastern time, 1/19/2010

Last night's update stated:

"...a pullback should hold over the 1131.50-1131.00
area to keep the stair-step higher pattern on the
intraday chart."

The ES fell from the MLK Day high at 1137.00 and opened at
the 1131.50-1131.00 support on Tuesday. The ES turned up and
rallied 11.50 points to 1142.75, just 1 tick under the 1143
resistance, before pulling back. A dip was shallow, holding
over the updated support, and set up a move to 1145.00. The
1143.00 level was updated support and the ES made a double
bottom there and then bounced to 1147.00-1148.00 zone near
the close.

The ES and NQ tested the top of their ranges and backed away
on Tuesday. We get the PPI and Housing Starts numbers before
the open on Wednesday. Since Tuesday was a trend day with
very small pullbacks, the action should be more two-sided on
Wednesday. Look for shorting opportunities around the
Tuesday high areas, but for now there no damage done unless
the 1143 area is broken. That was pivotal on Tuesday, and a
break of that area would break the upside momentum and
possibly be the start of a trip back towards the 1140.00-
1139.50 area on the ES. That will need to be quickly
reversed, otherwise the market will be rolling over.

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

1147.00-1148.00
1151.75-1152.25
1154.50-1155.50

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

1143.50-1143.00
1140.00-1139.50
1135.00-1134.50
1131.50-1131.00

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

1894.75-1896.00
1900.75-1901.50
1905.50-1906.25

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

1885.50-1885.00
1880.50-1879.50
1874.25-1873.50
1868.00-1867.00

March 2010 Dow futures resistance
symbols: emini = ymh0

10684-10690
10721-10725
10748-10753

March 2010 Dow futures support
symbols: emini = ymh0

10654-10651
10629-10626
10584-10580
10563-10588

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 12/29/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 29 / 2009

(Published Since 1996)

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

Dateline: 6:01 pm eastern time, 12/29/2009

NOTE: This will be the last nightly update until Sunday
evening on January 3rd, 2010. On Wednesday I will try to
update though the instant message page, but that will be it
until the new year. We would like to wish all of you a safe
and Happy New Year!!!

Last night the early game-plan I gave for Tuesday stated:

"...look for a shorting opportunity on a bounce to test
the Monday highs, or if the market makes token higher
highs, and the move stalls out."

We got that on the open as the ES gapped up and then
reversed from 1 tick over the 1126.25 Monday high. Then,
after a 2.75 point pullback, a bounce set up a 1-2-3 top as
1126.25 was reversed and the ES dropped 4.50 points to the
1123-1122.00 updated support. That set up a scalp trade on
the long side back to the 1124 resistance, but the market
didn't do much until the last hour. The ES went up to
1125.00, but then reversed and held under 1124.00 on a
bounce. That kept the pressure on in the last 15 minutes and
market continued lower until the it made new lows for the
day at the 4pm close for stocks.

The market is acting toppy, but still has refused to fall
apart. The bounces finally did not stick, as the new high
areas continue to be sold in to. At the moment there appears
to be more potential downside than upside, so if there is
another push higher and the move stalls / reverses, that
should make a good trade on the short side. If we get a test
of the 1128.50-1129.00 area on the ES, it should set up a
very good shorting opportunity. On the downside, there was a
number of highs at the 1117.75-1117.00 area before the ES
finally broke out of its range. A drop to that area would
need to be quickly reversed if reached, otherwise the series
of narrow range days could give a good sized range by ending
the year on a poor note.

So, look for a good shorting opportunity if there is another
bounce that fizzles out on Wednesday. On the flip side, if
there is a decent pullback beware of a potential reversal
back up if the 1117.75-1117.00 area is tested and reversed.
If that area is broken, and not reversed, then back away
from buying anything as the downside could be picking up
some steam.

NOTE: This will be the last nightly update until Sunday
evening on January 3rd, 2010. On Wednesday I will try to
update though the instant message page, but that will be it
until the new year. We would like to wish all of you a safe
and Happy New Year!!!

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

1123.75
1125.75-1126.25
1128.50-1129.00 ** strong
1132.00-1134.50

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

1120.50-1119.50
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50


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

1873.50
1876.50-1877.00
1881.00-1882.00 ** strong
1886.50-1887.50

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

1868.00-1767.25
1864.50-1862.75
1858.50-1857.75
1853.00-1851.75

March 2010 Dow futures resistance
symbols: emini = ymh0

10509
10525-10529
10550-10555 ** strong
10568-10572

March 2010 Dow futures support
symbols: emini = ymh0

10477-10473
10451-10448
10432-10428
10399-10395

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

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 12/07/09

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

TradeStalker's

R.B.I. Trader's Update

12 / 7 / 2009

(Published Since 1996)

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


Dateline: 7:19 pm eastern time, 12/7/2009


The market opened higher on Monday and continued to be
strong until about 20-30 minutes into the day. The move
fizzled out after reaching 1110.25, then pulled back to
1105.50 where the market found decent buying come in. The
bounce back to test the 1110 level on the ES and 1794 level
on the NQ didn't stick, as those levels were quickly
rejected, and with the upside losing momentum the market
started to roll over. The move picked up steam and the
averages all fell to new lows for the day. The 1100.00 level
on the ES held and the market was able to bounce back into
the close.

The market continues to have trouble holding on to its
gains, but the market has also been able to come right back
after selling off. This trading range has gone on for quite
some time now, and the volatility bands on the daily close-
only chart are tighter than they have been in over a year.
As stated in the Sunday night update, this kind of
compression is usually followed by a nice sized directional
move. A close over 1111 or under 1091 on the SP500 cash is
needed to break the current range.

On Monday the futures settled over fair value one again,
factoring in a higher open for stocks. We had inside days
for the futures on Monday, so beware that a move out of the
Monday ranges will have good odds or reversing. For now,
look for the bounces that stall/reverse to set up shorting
opportunities, and then for a test of the Monday lows to
potentially set up a double bottom. If the 1100 level on the
ES is broken, and not quickly reversed, then it must stay
over the 1095.50-1095.00 double bottom area from last Friday
to avoid a trip back towards the high 1080's again. On the
upside, if the market can get back over the initial
resistance and not reverse, then we could revisit the
1112.25-1113.00 area where the market should either reverse
once again, or find more buying come back in and possibly
run the ES back towards the 1119.50-1121.00 area before the
market finds the upside difficult.

** Each evening we are going to try to upload the instant
messenger log for that day. You can go here to read the log:
http://www.tradestalker.com/log.htm **


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

1105.75-1106.75
1109.50-1110.25
1112.25-1113.00
1115.50-1115.75
1119.50-1121.00


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

1100.50-1100.00
1098.75-1098.25
1095.50-1095.00
1088.25-1087.50


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

1787.50-1788.50
1793.50-1794.00
1798.00-1798.50
1802.00-1803.50
1807.75-1808.50


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

1779.75-1779.00
1774.00-1772.75
1768.75-1768.00
1759.00-1757.75

December 2009 Dow futures resistance
symbols: emini = ymz9

10409-10413
10433-10436
10452-10456
10490-10494
10521-10529

December 2009 Dow futures support
symbols: emini = ymz9

10352-10348
10334-10331
10302-10297
10244-10240

Want to SAVE 25% on a subscription to our service?
Offer good only until December 15th:
CLICK HERE FOR MORE INFORMATION

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

SPECIAL MARKET UPDATE 11/26/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 26 / 2009

(Published Since 1996)

SPECIAL UPDATE

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


Dateline: 3:49 pm eastern time, 11/26/2009

Another banking problem, apparently involving the Dubai
government, helped trigger the downside that was warned of.
If you followed me and bought Put options with the ES
at/near 1110 (per the instant message sent late on
Wednesday), take off half at the open on Friday. The support
and resistance areas that are most important are below.

December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1090.00
1095.00-1095.50
1099.75-1100.50

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

1083.00-1082.50
1078.00-1077.50
1074.00-1072.50
1068.25-1067.75

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

Copyright (c) 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 11/18/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 18 / 2009

(Published Since 1996)

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

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

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

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

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

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

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


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

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


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

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


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

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


December 2009 Dow futures resistance
symbols: emini = ymz9

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


December 2009 Dow futures support
symbols: emini = ymz9

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

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 11/17/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 17 / 2009

(Published Since 1996)

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


Dateline: 5:54 pm eastern time, 11/17/2009


The initial support area at 1103.50-1102.50 on the ES gave
us 2 quick trades on the long side this morning. There was a
bounce from 1102.50 to 1107.50, and then a bounce from
1103.00 to 1106.75 occurred before the ES washed out to
1100.25. Then the ES bounced and reversed from 1104.00
updated resistance then dropped to the 1100.00 early low.
After the market rallied back members were told to watch
1108.00-1108.50 for a turn, and the ES reversed from 1108.25
and dropped to 1104.00 before firming. Buying came in with
an hour left in the day and the market rallied to token
higher highs and then fizzled into the close.

The ES had just a 6.50 point range on Tuesday. The ES and NQ
both had inside days, staying within the Monday ranges. A
narrow range day, or better yet a series of narrow range
days at a high tends to lead to reversals. In addition, some
of the short term internal gauges are getting overbought.
The Nasdaq looks to be a bit more vulnerable than the ES at
the moment, and it will lead if the market heads lower.

On Wednesday we get the CPI and Housing Starts before the
open. The market will be a short if there is early strength
that reverses from near the Tuesday highs. If that plays
out, the first decent pullback must hold the 1103.00-1102.50
area on the ES. That was broken, and then quickly reversed,
on Tuesday and the ES would need to do the same on Wednesday
to avoid trouble. If that zone is not held on a drop, then
we could see the 1097.75-1096.75 area tested before a
reversal attempt occurs.

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

1108.50-1109.00
1112.25-1112.75
1117.75-1118.50


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

1105.50
1103.00-1102.50
1097.75-1096.75
1092.75-1092.00
1086.75-1086.25


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

1811.00-1811.75
1815.75-1816.75
1821.50-1822.50


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

1801.50
1798.00-1797.00
1792.50-1791.50
1786.50-1785.75
1779.00-1778.50


December 2009 Dow futures resistance
symbols: emini = ymz9

10406-10410
10432-10436
10496-10501


December 2009 Dow futures support
symbols: emini = ymz9

10374
10336-10332
10283-10278
10235-10232
10197-10193


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

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 11/11/09

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

TradeStalker's

R.B.I. Trader's Update

11 / 11 / 2009

(Published Since 1996)

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


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


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

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

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

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

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

1097.50-1098.00
1102.50-1104.00
1108.25-1109.00


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

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


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

1785.00-1785.50
1791.50-1792.50
1798.75-1799.50


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

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


December 2009 Dow futures resistance
symbols: emini = ymz9

10267-10270
10307-10312
10351-10357


December 2009 Dow futures support
symbols: emini = ymz9

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

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's RBI Update 10/25/09

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

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

Today's Trading Recap 10/19/09

HOW OUR DAY WENT:

Last evening I sent a bearish update,
and the day started perfectly. The ES popped up to near
the Friday high, reaching 1087.75 just 10 minutes into
the day and they dropped 5 points to 1082.75 by 10am.
However, the move reversed and when the Friday highs
were exceeded we traded both sides. The 1092.75-1093.25
area gave a scalp short but, once broken, the 1093 level
turned into important support. A pullback to 1093.25 at
around 1pm set up a trade to a 1096.75 high, and then a
double top formed. A pullback to 1093.25 with 20 minutes
left in stock trading gave a bounce to 1095.50... but
like Friday the ES and NQ both dropped a good amount
into settlement with the ES on its way towards 1088
at a minimum.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 10/13/09

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

TradeStalker's

R.B.I. Trader's Update

10 / 13 / 2009

(Published Since 1996)

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

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

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

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

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

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

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


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

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


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

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


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

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


December 2009 Dow futures resistance
symbols: emini = ymz9

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


December 2009 Dow futures support
symbols: emini = ymz9

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

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 10/05/09

HOW OUR DAY WENT:

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

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 09/29/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 29 / 2009

(Published Since 1996)

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


Dateline: 6:56 pm eastern time, 9/29/2009


The ES rallied up to the 1065.50-1066.00 resistance area
(1065.75 high) before Consumer Confidence was released on
Tuesday, then the sharp drop held the 1055.75-1055.25 zone
(1055.50 pullback low). The ES then bounced to 1061.50
before stalling and reversing. A drop from up there took out
the 1055.50 support on the ES and then fell to 1053.25
before reversing. The ES bounced back to 1057.75, but the
move fizzled and a drop to 1054.75 was reversed and a run-up
to 1061.00 followed. After the ES made a 1-2-3 top at the
1061.00-1060.75 levels, the last update stated that "the
1059.75-1060.50 area shouldn't be exceeded if the market is
still in poor shape" and a bounce to 1059.75 was reversed,
setting up a late 5.50 point drop to 1054.25 just before
settlement.

NOTE: We will be away on Wednesday and Thursday,
so this is the last nightly update until Sunday
night. There *will* be intraday updates on Friday
however.

On Wednesday there is the GDP before the open and then the
Chicago PMI just 15 minutes into regular trading hours. On
Tuesday the ES reversed from the 1065.50-1066.00 resistance
area, and then ended the day just off of its 1053.25 low.
The lower high and reversal may be making a 1-2-3 top on the
daily chart. If the SP500 cash closes under 1044 without
taking out the Tuesday high at 1069.62 first, then it should
mean that a move towards the 1031-1030 area on the SP500
cash is likely underway.

On Tuesday the ES didn't spend much time under the 1054 as
that was quickly reversed. If the ES breaks the initial
support areas on Wednesday, but then quickly reverses, it
should start a decent bounce. If that occurs, then beware of
a reversal when the move stalls out. A move back towards the
1060 area will be sold if the market is still weak. If the
ES cannot get over the 1060 area and hold, then it's still
bearish and the bounces will be shorting opportunities.
Also, if the 1054 level is not reversed, then the pressure
would be on and, with a few bounces along the way, the
market could head back towards the 9-25 lows and possibly
lower. If the 1054.00-1053.25 area is not broken, and
neither is the 1065.50-1066.00 area, then it will be an
inside day trading range like the NQ did on Tuesday.

NOTE: We will be away on Wednesday and Thursday,
so this is the last nightly update until Sunday
night. There *will* be intraday updates on Friday
however.

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

1059.00-1059.75
1061.00
1065.50-1066.00
1071.75-1072.50


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

1054.00-1053.25
1050.75-1049.75
1043.00-1041.50
1039.00-1038.25


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

1719.00-1720.00
1723.00
1730.00-1731.00
1738.50-1740.00


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

1713.50-1712.50
1707.75-1706.75
1697.50-1696.50
1692.50-1691.75


December 2009 Dow futures resistance
symbols: emini = ymz9

9712-9715
9730
9772-9776
9837-9842


December 2009 Dow futures support
symbols: emini = ymz9

9665-9662
9634-9630
9583-9579
9544-9538


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

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 09/24/09

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

TradeStalker's

R.B.I. Trader's Update

9 / 24 / 2009

(Published Since 1996)

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

Dateline: 6:33 pm eastern time, 9/24/2009

The market opened higher on Thursday, but the strength was
reversed from 1062.00 on the ES and it turned into a trend
down move to the 1043.25-1042.50 support zone. The ES
bounced off of 1043.75 to 1049.00, and then churned sideways
for about 2 1/2 hours. The ES broke lower to 1041.00 and
then quickly turned up, and it started a decent rebound. The
1049-1050 area was updated resistance, and the ES reached
1048.75 and backed off. Buying came in again at 1045.00 and
the ES ran back up to 1048.50 and turned down. That
triggered a 1-2-3 top and the ES dropped 5 points into the
close.

After back to back bad days for the market, a few short term
indicators are getting oversold. However, the mood certainly
has changed over the last 2 days when the talk wasn't IF but
WHEN the SP500 would reach 1100. It still looks like there
is lower to go, however there should be at least 1 decent
rally attempt (especially if early weakness is reversed from
the 1038.00-1037.25 zone) that squeezes shorts and sucks in
some early buyers before heading back down. We get the
Michigan sentiment survey 25 minutes into trading, so if
that happens in the early going then beware that a decent
bounce will set up a shorting opportunity. The 1054.50-
1055.00 area should be about as far as a counter trend
bounce should go if the market is still weak. If the market
gets up there, and doesn't back away, then a better bounce
than expected is underway. If that's the case, there still
should be reactions around the next resistance zones.

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

1048.50-1049.00
1054.50-1055.00
1057.25-1058.00
1064.00-1064.50


1082.00 begins gap fill
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9

1043.50
1041.50-1041.00
1038.00-1037.25
1031.00-1029.50


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

1711.00-1711.75
1717.75-1719.25
1722.75-1724.50
1730.00-1731.00


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

1698.00
1696.50-1696.00
1692.75-1692.00


December 2009 Dow futures resistance
symbols: emini = ymz9

9663-9667
9703-9706
9722-9727
9773-9777


December 2009 Dow futures support
symbols: emini = ymz9

9626
9604-9600
9571-9568

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.com

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Day Trading Futures

By Mike Reed

When day trading futures, you enter and exit all positions in the same day - never carrying a position overnight. Since the overnight moves of the market are difficult to predict, many traders avoid risk by day trading. Ironically, the public believes that day trading is the riskiest way to trade.

THIS IS A MYTH!

Some traders day trading futures, make 1 to 3 trades per day, trying to catch the major intraday moves. Others trade in-and-out very frequently, trying to “scalp” a small profit on each trade. (My style uses a unique blend of these two strategies.)

For those day trading futures, the E-mini Stock Index Futures have become the most popular day trading vehicle because of their liquidity, leverage, and the ease of trading them online. You can go short or long with equal ease – which was especially attractive before the “up tick” rule for stocks was removed.

The time relationship of the e-minis (and the “big contracts”) to the cash indices is important to understand. Let’s start from square one.

The S&P 500 stock index (the cash index, symbol SPX) is central to day trading futures. It has an Exchange Traded Fund (the “Spyders,” symbol SPY) that trades just like a stock. The price of the S&P 500 cash index moves up and down with the 500 stocks that make up the index. The SPYders follow the S&P 500 cash index very closely. You can trade Exchange Traded Funds such as the SPY (and QQQQ for the Nasdaq 100) online from home. But for day traders, they are not as favorable as day trading futures.

The concept of “futures” is a little confusing, but it boils down to this: the financial industry has turned the S&P 500 cash index into a “contract” that trades like a stock. The contract (or futures contract) has a price that goes up and down from one moment to the next. It has a chart that looks just like stock chart, and you can make money with it by buying low and selling high, or vice versa. That’s a complicated as it needs to be for now.

The “big contracts” or SP Maxis were invented first and they’re still around. With the big contracts, a lot of money changes hands. When the price of the SP Maxis moves one point, $250 per contract moves with it. The SP Maxi contracts trade in a literal “pit” where the traders, called “locals,” shout at each other, buying and selling for everyone who wants a piece of the action.

The locals are not public servants; of course, they make money for their own accounts. They have the advantage of being able to read each other’s body language and the tone of the other trader’s voices. They see what the strongest traders in the pit are doing. They have several other advantages too; their costs per trade are tiny compared to the public’s commissions.

The “locals” aren’t born as professional traders though, they learn to trade like everyone else, except they have a huge advantage in learning as well because they learn to scalp first! Their instant access and low commissions make this possible compared to others, but those day trading futures online can take advantage of scalping trades as well.

Scalping is basically limiting your losses to only one or two ticks while taking any profit you get as you get it. It’s easier than going for several points per trade; I’ve been using this strategy day trading futures with much success.

Locals also use the spread (the difference between the bid and ask price), to grab quick profits from orders that come in on either side of the market. This makes scalping easier for them.

In the past, all these advantages made it impossible for a “retail” day trader to be a successful scalper. It was insane to try. And to this day many traders have the idea that scalping is too difficult for the public because you have to compete against traders with an unfair advantage.

But all that has changed now. If you follow some simple, yet important guidelines then you too can be successful scalping and day trading futures online.

They took the concept of the Maxi futures contracts and came up with smaller contracts (the e-minis) that move $50.00 per SP point instead of $250.00. This allows all traders, big and small, to trade the stock index futures.

But even more radically, they set it up so that the smaller contracts (the e-minis) are traded only through computers. This was revolutionary, they bypassed the pit, taking away the advantage of the “locals,” and leveling the playing field in a way that has never been done before. And to level the field even more, retail commission costs fell like a rock. Today, any trader day trading futures with a small account can pay $4.80 per round turn (entering and exiting a trade).

This means that scalping is open to the day trading public for the first time in history. But most people who are day trading futures don’t even realize where the new advantage really is.

Scalping is one of the keys to making a living day trading futures as I do, because I follow a simple rule: "Every trade starts out as a scalp until proven otherwise".

The SP e-mini futures became more and more popular and more liquid, breaking a lot of records along the way.

The SP Maxis futures and the SP e-mini futures are both derived from the S&P 500 index (symbol SPX), which, as I said, has an ETF that trades like a stock (symbol SPY).

So the question is - which of these is the leader and which are followers?

Today the e-mini futures track the Maxi contracts almost tick for tick, with the e-mini’s beginning to lead the Maxi’s at times, and also “overshooting” the Maxis at emotional extremes, such as the at the top of an intraday rally.

Both the SP e-minis and the SP Maxis (the futures) lead the S&P 500 cash index by a variable amount of time, often in the range of a fraction of a second. Some people call this “the tail wagging the dog,” because the futures are derivatives of the stock indices, but call it what you want, the futures are leading the way.

The fact that the futures lead the markets makes their chart patterns more “pure” and reliable for support and resistance trading. This makes a huge difference to me.

I use the stock index futures (the e-minis and Maxis) for calculating daily support and resistance areas, which are the basis of my own trading style – a style of trading that has paid my bills and built my financial security for about 26 years now.

Since 1996 I’ve published my support and resistance levels as well as my daily trading plan in my RBI Trader's Updates.

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

TradeStalker's RBI Update 11/20/08

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

TradeStalker's

R.B.I. Trader's Update

11 / 20 / 2008

(Published Since 1996)

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


Dateline: 6:41 pm eastern time, 11/20/2008

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

The market opened lower on Thursday as the averages spilled
to new lows for the year. After about 40 minutes of
trading, the SP futures reversed from 774.25 and rallied up
to 808.00 by 11 am, and after a little 1-2-3 top, the SP
futures dropped to 785.00 before turning back up. The rally
was a pretty good one, but the SP futures barely poked over
the 819.00 resistance while the Nasdaq futures stalled just
under 1116.50-1117.50 and then the move reversed. Selling
took the market down to the 782.00 on the SP futures where
it tried to hold, but when that was broken it went into a
steady trend down move that cut through the 750-748 area on
the way to a 745.50 low made in the final minutes of
trading.

The trend and momentum are so strong on the downside that
the charts are straight down. If turned upside down (or see
the SDS or QID) it would look like a parabolic move that
could reverse sharply. The difference is that very good mood
can be undone a lot easier than being in horrible mood. It
takes a spark, or something good that gives hope. Without a
good spark, this downtrend will keep on rolling and the
bounces will not stick.

Despite a grossly oversold market and a loss of more than
100 points on the SP500 in just 2 days, expect the bounces
to be sold as soon as the upside stalls out and begins to
roll over. The SP futures need to clear the 778.00-779.00
area and the Nasdaq futures need to clear 1065.00-1066.50
and not quickly reverse, to put a dent in the downside
momentum. Unless that occurs, the market is still vulnerable
and the bears are in control. If those are exceeded, then
the Thursday highs will be key resistance levels. It will
take a close over those highs on Friday to begin a bottoming
pattern.

The first hurdles on Friday are at the 774.50-775.00 area
the SP futures and the 1056.00-1057.00 area on the Nasdaq
futures. If those are reached and not rejected, then the
next resistance is at the 778.00-779.00 area on the SP
futures and the 1065.00-1066.50 area on the Nasdaq futures.
If those are broken and not quickly reversed, then the door
is opened for a run up towards the 785.00 level on the SP
futures and the 1075.25 level on the Nasdaq futures. If the
market happens to get through those areas without failing,
then the next key resistance is up at the 791.00-792.00 area
the SP futures and the 1081.75-1082.50 area on the Nasdaq
futures. The market came apart when those areas were broken
on Thursday, and if the market gets up there it should be
hard to get through. If the market is strong enough to push
through those areas, then the next key resistance is at the
804.00-805.00 area the SP futures and the 1102.00-1103.25
area on the Nasdaq futures. If the market puts together a
rally good enough to take those areas out, then the 820-821
area is major resistance now short term.

The downside was losing a bit of momentum just before the
close, so there should be decent support at the 746.00-
745.00 area the SP futures and the 1033.00-1031.25 area on
the Nasdaq futures. If the market doesn't turn back up from
those areas, then finding real significant support doesn't
occur until there's another sizable drop. There should be
some support near the 738.00-737.00 area the SP futures and
the 1024.50-1023.00 area on the Nasdaq futures. If those are
broken, then a drop towards the 723.00-722.00 area the SP
futures and the 1010.00-1007.50 area on the Nasdaq futures
could be a magnet. If those do not hold, then we could see
another panic selloff. The major support if the market gets
hit hard again is near the 696.50-695.00 area on the SP
futures and/or the 980.00-978.00 area on the Nasdaq futures.

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

774.50-775.00
778.00-779.00
785.00
791.00-792.00
804.00-805.00
820.00-821.00


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

746.00-745.00
738.00-737.00
723.00-722.00
696.50-695.00


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

1056.00-1057.00
1065.00-1066.50
1075.25
1081.75-1082.50
1102.00-1103.25


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

1033.00-1031.25
1024.50-1023.00
1010.00-1007.50
980.00-978.00


December 2008 Dow futures resistance
symbols: emini = ymz8

7754-7758
7806-7812
7849
7931-7939
8034-8042


December 2008 Dow futures support
symbols: emini = ymz8

7474-7469
7402-7394
7268-7260


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

REMINDER:

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

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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