HOW OUR DAY WENT:
We were looking to buy a lower open
and the ES reversed from a direct hit of the 1014.75-
1014.25 support. The ES rallied 13 points in 40 minutes
and then reversed. Members were told that there was good
resistance at 1024.50-1025.00, and the bounce reversed
right from 1024.50 -- and then the bottom fell out. After
falling another 24 points the ES reversed from 1000.25.
I then sent an I.M. stating:
(Sep 01-11:38) mike: the 1005.25-1006.00 trend resist
The ES popped up to 1005.25, and it was a lid for the
ES as it dropped to 997.50 and then bounced. Updated
resistance was at the 1002.50-1003.00 area, and the ES
reached 1002.75 then turned back down, dropping 4 points
to 998.50. Another bounce to 1002.25 reversed and the
ES dropped 7 more points to 995.25 before the close. A
fantastic day for our group.
Good Trading,
Mike Reed
TradeStalker.com
Showing posts with label sp 500. Show all posts
Showing posts with label sp 500. Show all posts
Tuesday, September 01, 2009
Tuesday, July 07, 2009
Today's Trading Recap: 07/07/09
HOW OUR DAY WENT: The ES broke the 891.75-891.25 zone
in the first 5 minutes and that put the pressure on. The
ES fell to 882.25, at the 882.50-881.50 key support, then
bounced in labored fashion. The ES reversed from 888.25,
just 1 tick under the 888.50-889.50 updated resistance
area, then fell to the 878.00 level. That was right at
the last support areas listed last night, the 878.75-
877.75 zone, where the market firmed up and bounced but
but the ES then dropped to make its low with 5 minutes
left as member were told was a possibility.
Good Trading,
Mike Reed
TradeStalker.com
in the first 5 minutes and that put the pressure on. The
ES fell to 882.25, at the 882.50-881.50 key support, then
bounced in labored fashion. The ES reversed from 888.25,
just 1 tick under the 888.50-889.50 updated resistance
area, then fell to the 878.00 level. That was right at
the last support areas listed last night, the 878.75-
877.75 zone, where the market firmed up and bounced but
but the ES then dropped to make its low with 5 minutes
left as member were told was a possibility.
Good Trading,
Mike Reed
TradeStalker.com
Wednesday, May 13, 2009
TradeStalker's RBI Update 05/11/09
.................................................
TradeStalker's
R.B.I. Trader's Update
5 / 11 / 2009
(Published Since 1996)
...............................................
Dateline: 6:03 pm eastern time, 5/141/2009
The market opened the week with gap down opens on Monday.
The ES opened down 12.50 points and kept falling until 20
minutes had passed, and from a low at 905.75 on the ES (and
1367.25 support on the NQ) the market bounced back 10.75
points on the ES up to 916.50. The move fizzled there and
the ES fell back to 908.00 by early afternoon. Buying came
in and took the market back towards the highs, but the ES
reversed just under the 915 level. In choppy action the ES
dipped to 910.50 and popped to 914.50 and then dropped to
match the 905.75 on the ES just before the close.
The market acted toppy late last week and the Monday selloff
could be the start of something that lasts a few days for a
change. If not, the upside will probably be limited and the
volatility should pick up. The ranges were narrow again on
Monday, and the volume was light, so after the early going
buyers pulled bids for the most part. It was not and kind of
urge to bail out by the bulls. The Vix gave 2 repeat sell
signals on Monday, while most of the other internal gauges
are backing away from short term overbought extremes.
The SP500 cash didn't close under 907 yet, so that keeps the
market from breaking down bigger picture. On Tuesday, if the
ES tests and reverses from the 903.25-902.50 area on the ES,
it could set up a decent bounce IF the market is going to
avoid another bad day. If the market drops early and then
bounces, but the move still can not break and hold over the
914.50-915.00 area, then the bounces will set up better
opportunities on the short side as the path of least
resistance should still be to the downside.
On Tuesday, look for early weakness that reverses from the
903.25-902.50 area on the ES to set up a trade on the long
side. If that plays out, beware that the first decent bounce
should set up a good shorting opportunity on a
failure/reversal from under that 914.50-915.00 area. If the
903.25-902.50 area on the ES isn't held, or quickly reversed
if broken, then the pressure could be on and a retreat back
towards the 880s is likely in the works.
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
914.50-915.00
918.50-919.00
921.50-922.00
927.50-928.00
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
905.75
903.25-902.50
898.25-897.50
894.00-893.50
889.50-889.00
June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9
1409.50-1410.00
1415.50-1416.50
1421.00-1421.75
1428.00-1429.50
June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9
1391.75
1387.00-1386.25
1376.50-1375.25
1368.50-1367.25
1362.50-1361.50
June 2009 Dow futures resistance
symbols: emini = ymm9
8445-8450
8491-8495
8517-8521
8552-8556
June 2009 Dow futures support
symbols: emini = ymm9
8369
8357-8354
8315-8311
8292-8288
8258-8252
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
5 / 11 / 2009
(Published Since 1996)
...............................................
Dateline: 6:03 pm eastern time, 5/141/2009
The market opened the week with gap down opens on Monday.
The ES opened down 12.50 points and kept falling until 20
minutes had passed, and from a low at 905.75 on the ES (and
1367.25 support on the NQ) the market bounced back 10.75
points on the ES up to 916.50. The move fizzled there and
the ES fell back to 908.00 by early afternoon. Buying came
in and took the market back towards the highs, but the ES
reversed just under the 915 level. In choppy action the ES
dipped to 910.50 and popped to 914.50 and then dropped to
match the 905.75 on the ES just before the close.
The market acted toppy late last week and the Monday selloff
could be the start of something that lasts a few days for a
change. If not, the upside will probably be limited and the
volatility should pick up. The ranges were narrow again on
Monday, and the volume was light, so after the early going
buyers pulled bids for the most part. It was not and kind of
urge to bail out by the bulls. The Vix gave 2 repeat sell
signals on Monday, while most of the other internal gauges
are backing away from short term overbought extremes.
The SP500 cash didn't close under 907 yet, so that keeps the
market from breaking down bigger picture. On Tuesday, if the
ES tests and reverses from the 903.25-902.50 area on the ES,
it could set up a decent bounce IF the market is going to
avoid another bad day. If the market drops early and then
bounces, but the move still can not break and hold over the
914.50-915.00 area, then the bounces will set up better
opportunities on the short side as the path of least
resistance should still be to the downside.
On Tuesday, look for early weakness that reverses from the
903.25-902.50 area on the ES to set up a trade on the long
side. If that plays out, beware that the first decent bounce
should set up a good shorting opportunity on a
failure/reversal from under that 914.50-915.00 area. If the
903.25-902.50 area on the ES isn't held, or quickly reversed
if broken, then the pressure could be on and a retreat back
towards the 880s is likely in the works.
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
914.50-915.00
918.50-919.00
921.50-922.00
927.50-928.00
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
905.75
903.25-902.50
898.25-897.50
894.00-893.50
889.50-889.00
June 2009 Nasdaq futures resistance
symbols: emini = nqm9 / big contract = ndm9
1409.50-1410.00
1415.50-1416.50
1421.00-1421.75
1428.00-1429.50
June 2009 Nasdaq futures support
symbols: emini = nqm9 / big contract = ndm9
1391.75
1387.00-1386.25
1376.50-1375.25
1368.50-1367.25
1362.50-1361.50
June 2009 Dow futures resistance
symbols: emini = ymm9
8445-8450
8491-8495
8517-8521
8552-8556
June 2009 Dow futures support
symbols: emini = ymm9
8369
8357-8354
8315-8311
8292-8288
8258-8252
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Good Trading,
Mike Reed
Copyright (c) 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.
*************************************************
Thursday, March 26, 2009
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
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
*************************************************
Tuesday, March 10, 2009
TradeStalker's RBI Update 03/10/09
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 10 / 2009
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 3/10/2009
The ES opened up 14 points on Tuesday and kept going in a
steady buying frenzy until reaching 716.25 shortly before
2pm. A pullback held the updated support at the 707-706
area, and then ran up to the 717.25-717.50 zone with 30
minutes left in stock trading.. A 4.25 point dip to 713.00
was bought and the ES ran up to 721.75 after stocks closed.
That sprint was rejected and the ES reversed 6.25 fast and
settled a couple points under fair value.
That was a very nice oversold rally on Tuesday, but it might
have a short shelf-life. My RBI Oscillator is in sell
territory, and other short term gauges are out of oversold
territory. The sentiment is now extremely bullish, and that
normally isn't good. So, the market should have difficulty
holding gains at best on Wednesday. If this continues to
play out as expected, a decent pullback on Wednesday should
set up a rally that takes out Tuesday's highs, and then we
can get one last drop to test/break the lows. If we get
that, and reverse, that would set up a rally that will
stick.
After a trend up day, a back-and-forth type of day is
possible. However, the easiest trade of the day would be a
higher open near 720 on the ES. If that occurs, it is a gift
on the short side. If that plays out, then the first decent
pullback needs to hold the 707.00-706.50 area on the ES, or
the downside pressure could be on once again.
March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9
721.00-721.75
724.00-724.50
728.50-729.00
732.50-734.00
March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9
707.00-706.50
702.00-702.00
699.50-698.75
692.00-691.50 ** must hold**
March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9
1111.50-1112.50
1115.50-1116.50
1124.50-1125.00
1129.75-1130.50
March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9
1096.00-1095.50
1087.50-1086.50
1082.50-1081.50
1074.00-1072.50
March 2009 Dow futures resistance
symbols: emini = ymh9
6924-6928
6952-6957
6992-6997
7037-7042
March 2009 Dow futures support
symbols: emini = ymh9
6806-6803
6738-6734
6712-6708
6638-6632
FREE TRADING EDUCATIONAL ARTICLES/VIDEOS
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
R.B.I. Trader's Update
3 / 10 / 2009
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 3/10/2009
The ES opened up 14 points on Tuesday and kept going in a
steady buying frenzy until reaching 716.25 shortly before
2pm. A pullback held the updated support at the 707-706
area, and then ran up to the 717.25-717.50 zone with 30
minutes left in stock trading.. A 4.25 point dip to 713.00
was bought and the ES ran up to 721.75 after stocks closed.
That sprint was rejected and the ES reversed 6.25 fast and
settled a couple points under fair value.
That was a very nice oversold rally on Tuesday, but it might
have a short shelf-life. My RBI Oscillator is in sell
territory, and other short term gauges are out of oversold
territory. The sentiment is now extremely bullish, and that
normally isn't good. So, the market should have difficulty
holding gains at best on Wednesday. If this continues to
play out as expected, a decent pullback on Wednesday should
set up a rally that takes out Tuesday's highs, and then we
can get one last drop to test/break the lows. If we get
that, and reverse, that would set up a rally that will
stick.
After a trend up day, a back-and-forth type of day is
possible. However, the easiest trade of the day would be a
higher open near 720 on the ES. If that occurs, it is a gift
on the short side. If that plays out, then the first decent
pullback needs to hold the 707.00-706.50 area on the ES, or
the downside pressure could be on once again.
March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9
721.00-721.75
724.00-724.50
728.50-729.00
732.50-734.00
March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9
707.00-706.50
702.00-702.00
699.50-698.75
692.00-691.50 ** must hold**
March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9
1111.50-1112.50
1115.50-1116.50
1124.50-1125.00
1129.75-1130.50
March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9
1096.00-1095.50
1087.50-1086.50
1082.50-1081.50
1074.00-1072.50
March 2009 Dow futures resistance
symbols: emini = ymh9
6924-6928
6952-6957
6992-6997
7037-7042
March 2009 Dow futures support
symbols: emini = ymh9
6806-6803
6738-6734
6712-6708
6638-6632
FREE TRADING EDUCATIONAL ARTICLES/VIDEOS
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.
*************************************************
Wednesday, March 04, 2009
TradeStalker's RBI Update 03/04/09
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 4 / 2009
(Published Since 1996)
...............................................
Dateline: 6:14 pm eastern time, 3/4/2009
Free Trading Tutorial, trading videos:
Please visit our website: CLICK HERE
The market opened higher on Wednesday, but the early
strength was sold and the ES dropped from 710.50 to 699.00
in the first 50 minutes of trading. A reversal back up
through 700 on the ES brought in more buying and the ES
rallied to 714.50 by noon. A pullback broke the 706 support,
but the move was reversed and the rally was back in gear.
After a pause around the early high, the ES ran up to 723.75
with 30 minutes left in trading. That was just under the
724.00-724.50 updated resistance zone, and the bulls failed
in their mission to close well. Instead, the bear reminded
us it's still here as the market dropped hard into the
close. In the last 30 minutes the ES dropped 16 points while
the NQ dropped 21.25 points as they settled well under fair
value.
The bounces, no matter how good they look, are still suspect
as they just won't stick. As stated last night, the upside
is not going to be "easy" due to all of the damage that has
been done. There will be eager sellers all the way up, so if
you have profits on a long trade grab them when the upside
momentum fizzles. Or at least, be sure to trail stops.
The market action erased some of the very extreme oversold
readings on the internal gauges on Wednesday. The Vix
flashed one sell signal in the process, as the sentiment
made a reversal from overly bullish.
There is a lot on the economic docket on Thursday. Should
the market open higher, look for a shorting opportunity as
soon as the upside fizzles. If the market opens lower, then
a pop back towards the 712.50-713.00 that fizzles sets up a
shorting opportunity. As for the long side, a drop under 700
that reverses back up through that level should trigger
buying. If that occurs, it could be good for a rebound.
However, if the 700 level is broken and not quickly
reversed, then we could head back towards the 688.00-687.50
zone, and possibly down to the 682.50-681.50 zone. If the ES
happens to reach that 682.50-681.50 zone, and then turns up,
it should set up a great buying opportunity for a trade.
March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9
712.50-713.00
717.25-717.50
723.50-724.00
732.50-733.00
March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9
707.50-707.00
700.00-699.50
694.75-694.00
688.00-687.50
682.50-681.50
March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9
1110.00-1110.50
1115.50-1116.50
1124.50-1125.00
1134.50-1135.50
March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9
1096.50-1095.50
1090.25-1089.50
1085.75-1085.00
1078.75-1078.00
1068.75-1068.00
March 2009 Dow futures resistance
symbols: emini = ymh9
6877-6882
6919-6924
6967-6972
7048-7053
March 2009 Dow futures support
symbols: emini = ymh9
6827-6823
6765-6760
6698-6693
6648-6643
6612-6607
---------------------------
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
R.B.I. Trader's Update
3 / 4 / 2009
(Published Since 1996)
...............................................
Dateline: 6:14 pm eastern time, 3/4/2009
Free Trading Tutorial, trading videos:
Please visit our website: CLICK HERE
The market opened higher on Wednesday, but the early
strength was sold and the ES dropped from 710.50 to 699.00
in the first 50 minutes of trading. A reversal back up
through 700 on the ES brought in more buying and the ES
rallied to 714.50 by noon. A pullback broke the 706 support,
but the move was reversed and the rally was back in gear.
After a pause around the early high, the ES ran up to 723.75
with 30 minutes left in trading. That was just under the
724.00-724.50 updated resistance zone, and the bulls failed
in their mission to close well. Instead, the bear reminded
us it's still here as the market dropped hard into the
close. In the last 30 minutes the ES dropped 16 points while
the NQ dropped 21.25 points as they settled well under fair
value.
The bounces, no matter how good they look, are still suspect
as they just won't stick. As stated last night, the upside
is not going to be "easy" due to all of the damage that has
been done. There will be eager sellers all the way up, so if
you have profits on a long trade grab them when the upside
momentum fizzles. Or at least, be sure to trail stops.
The market action erased some of the very extreme oversold
readings on the internal gauges on Wednesday. The Vix
flashed one sell signal in the process, as the sentiment
made a reversal from overly bullish.
There is a lot on the economic docket on Thursday. Should
the market open higher, look for a shorting opportunity as
soon as the upside fizzles. If the market opens lower, then
a pop back towards the 712.50-713.00 that fizzles sets up a
shorting opportunity. As for the long side, a drop under 700
that reverses back up through that level should trigger
buying. If that occurs, it could be good for a rebound.
However, if the 700 level is broken and not quickly
reversed, then we could head back towards the 688.00-687.50
zone, and possibly down to the 682.50-681.50 zone. If the ES
happens to reach that 682.50-681.50 zone, and then turns up,
it should set up a great buying opportunity for a trade.
March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9
712.50-713.00
717.25-717.50
723.50-724.00
732.50-733.00
March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9
707.50-707.00
700.00-699.50
694.75-694.00
688.00-687.50
682.50-681.50
March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9
1110.00-1110.50
1115.50-1116.50
1124.50-1125.00
1134.50-1135.50
March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9
1096.50-1095.50
1090.25-1089.50
1085.75-1085.00
1078.75-1078.00
1068.75-1068.00
March 2009 Dow futures resistance
symbols: emini = ymh9
6877-6882
6919-6924
6967-6972
7048-7053
March 2009 Dow futures support
symbols: emini = ymh9
6827-6823
6765-6760
6698-6693
6648-6643
6612-6607
---------------------------
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.
*************************************************
Thursday, February 26, 2009
TradeStalker's RBI Update 02/26/09
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 26 / 2009
(Published Since 1996)
...............................................
Dateline: 6:53 pm eastern time, 2/26/2009
The market opened higher on Thursday, but the strength was
sold and the market dropped for about 20 minutes before
turning back up. The move took the ES to the 779.00-779.50
resistance, and the ES backed off from 779.00. After the
dip, the ES popped up to 778.00 and then turned back down.
That triggered another 1-2-3 top pattern and the ES dropped
to the 760.50-760.00 support zone. Buying came in, but the
ES fizzled just under the updated 773 resistance (and at the
60ema on the 5 minute chart) and a drop to the 752.00-751.25
zone was underway. The ES reached 750.25 and then reversed,
but the bounce fizzled at 758.50 (and the 20ema) and the
market dropped back to its lows at the close.
The complacency at these levels is hard to believe. The Vix
dropped 10% under its 10 day average close intraday, and
still closed down while the market was down pretty hard. It
gave a sell signal on Thursday. The Put/Call ratio isn't sky
high either, like it has been at past good lows.
At the moment, it is back to range-bound trading. The SP500
has been in a range for 5 days now, with 780.12 being the
top side and 742.37 being the bottom side. The top of the
range was rejected the past 2 days, as the bounces refuse to
stick. A break to the downside will likely stick, given the
lack of fear in the air, and if that happens then we could
see the ES drop under 700 for the first time in over a
decade. A drop towards the 680 level is possible if the 5
day range is broken on a closing basis. That would shake up
the complacent group of options traders.
We had a drop of 600+ points on the Dow on February 27th a
few years ago. Don't count on that, but it does look like
the market has more to go on the downside. It will take a
break and hold over the 758.00-758.50 area on the ES (or the
60 period ema on the 5 minute chart) to put a dent in the
downside momentum, and the market is a short under the
initial resistance areas. If there is a test of the weekly
low at the 739.75-739.00 zone on the ES, and it is not
quickly reversed, then the bottom of the range is broken and
the downside could pick up steam.
On Friday, look for early strength to be sold as soon as the
upside momentum fizzles. If that plays out, and the ES
breaks and holds under the 750 level, it could be worth
holding on to with a trailing stop. If the bottom of the
range, and last year's low, is not held on the SP500 cash
and futures, then it could be a bad Friday for those long.
However, if the ES drops towards the 740-739 area and
reverses with some gusto, then buying pullbacks will be in
order. Just be careful with the long side, as the market has
a strong trend and momentum on the downside.
March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9
758.00-758.50
760.50
767.25-767.75
771.50-772.25
779.00-779.50
785.50-786.00
March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9
750.50-750.00
747.50-747.00
739.75-739.00
732.00-731.50
March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9
1138.00-1138.50
1142.00
1151.75-1153.00
1162.50-1163.50
1173.50-1175.00
1180.50-1181.50
March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9
1127.50-1126.50
1122.20-1121.50
1116.25-1115.00
1107.25-1106.50
March 2009 Dow futures resistance
symbols: emini = ymh9
7226-7230
7250
7303-7307
7333-7336
7387-7393
7441-7446
March 2009 Dow futures support
symbols: emini = ymh9
7160-7155
7128-7124
7058-7052
7011-7007
---------------------------
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
R.B.I. Trader's Update
2 / 26 / 2009
(Published Since 1996)
...............................................
Dateline: 6:53 pm eastern time, 2/26/2009
The market opened higher on Thursday, but the strength was
sold and the market dropped for about 20 minutes before
turning back up. The move took the ES to the 779.00-779.50
resistance, and the ES backed off from 779.00. After the
dip, the ES popped up to 778.00 and then turned back down.
That triggered another 1-2-3 top pattern and the ES dropped
to the 760.50-760.00 support zone. Buying came in, but the
ES fizzled just under the updated 773 resistance (and at the
60ema on the 5 minute chart) and a drop to the 752.00-751.25
zone was underway. The ES reached 750.25 and then reversed,
but the bounce fizzled at 758.50 (and the 20ema) and the
market dropped back to its lows at the close.
The complacency at these levels is hard to believe. The Vix
dropped 10% under its 10 day average close intraday, and
still closed down while the market was down pretty hard. It
gave a sell signal on Thursday. The Put/Call ratio isn't sky
high either, like it has been at past good lows.
At the moment, it is back to range-bound trading. The SP500
has been in a range for 5 days now, with 780.12 being the
top side and 742.37 being the bottom side. The top of the
range was rejected the past 2 days, as the bounces refuse to
stick. A break to the downside will likely stick, given the
lack of fear in the air, and if that happens then we could
see the ES drop under 700 for the first time in over a
decade. A drop towards the 680 level is possible if the 5
day range is broken on a closing basis. That would shake up
the complacent group of options traders.
We had a drop of 600+ points on the Dow on February 27th a
few years ago. Don't count on that, but it does look like
the market has more to go on the downside. It will take a
break and hold over the 758.00-758.50 area on the ES (or the
60 period ema on the 5 minute chart) to put a dent in the
downside momentum, and the market is a short under the
initial resistance areas. If there is a test of the weekly
low at the 739.75-739.00 zone on the ES, and it is not
quickly reversed, then the bottom of the range is broken and
the downside could pick up steam.
On Friday, look for early strength to be sold as soon as the
upside momentum fizzles. If that plays out, and the ES
breaks and holds under the 750 level, it could be worth
holding on to with a trailing stop. If the bottom of the
range, and last year's low, is not held on the SP500 cash
and futures, then it could be a bad Friday for those long.
However, if the ES drops towards the 740-739 area and
reverses with some gusto, then buying pullbacks will be in
order. Just be careful with the long side, as the market has
a strong trend and momentum on the downside.
March 2009 SP futures resistance
symbols: emini = esh9 / big contract =sph9
758.00-758.50
760.50
767.25-767.75
771.50-772.25
779.00-779.50
785.50-786.00
March 2009 SP futures support
symbols: emini = esh9 / big contract =sph9
750.50-750.00
747.50-747.00
739.75-739.00
732.00-731.50
March 2009 Nasdaq futures resistance
symbols: emini = nqh9 / big contract = ndh9
1138.00-1138.50
1142.00
1151.75-1153.00
1162.50-1163.50
1173.50-1175.00
1180.50-1181.50
March 2009 Nasdaq futures support
symbols: emini = nqh9 / big contract = ndh9
1127.50-1126.50
1122.20-1121.50
1116.25-1115.00
1107.25-1106.50
March 2009 Dow futures resistance
symbols: emini = ymh9
7226-7230
7250
7303-7307
7333-7336
7387-7393
7441-7446
March 2009 Dow futures support
symbols: emini = ymh9
7160-7155
7128-7124
7058-7052
7011-7007
---------------------------
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.
*************************************************
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