TradeStalker's E-Mini Futures Support and Resistance Updates 11/17/10

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

TradeStalker's

Support and Resistance Update

11 / 17 / 2010

(Published Since 1996)

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

Dateline: 6:15 pm eastern time, 11/17/2010

We came in to Wednesday expecting a 2 sided trading day. The
ES popped up on the open then dropped to 1173.50 about 15
minutes in and reversed back up. The ES sprinted to 1182.00
then backed off. A sideways move between 1181.50 and 1178.00
lasted into late afternoon. The break of 1178.00 set the
stage for a drop, and after it broke a bounce stopped right
at that 1178.00 level for a second chance entry as the ES
dropped to 1173.75 with about 30 minutes left in trading.
The double bottom brought in buying/ short covering back to
the 1178.50 level before the close.

We get Initial Claims before the open, then the Leading
Indicators and Philly Fed at 10am on Thursday. The market is
still oversold, and the Vix gave 2 buy signals at Wednesday.
The ES also has a double bottom in place for now. As long as
the ES holds 1173.50-1173.00 zone, then a decent bounce can
still occur. However, a bounce will likely fail again unless
the ES takes out the 1178.50-1179.25 area, and then holds
that area on a pullback. If there is a move over the
1182.00-1182.50 zone, but then that is reversed, then a
decent pullback should occur and that 1178 area then would
be a key support again.


NOTE: There won't be an update on Thursday night, best
not to forget anniversaries. ;-) ALL intraday updates
will be via Instant Message on Thursday.

December 2010 SP futures resistance
symbols: emini = esz0 / big contract =spz0

1178.50-1179.25
1182.00-1182.50
1186.25
1189.50-1190.50
1194.75-1195.75


December 2010 SP futures support
symbols: emini = esz0 / big contract =spz0

1173.50
1171.00-1170.50
1167.75-1167.00
1162.50-1162.00


December 2010 Nasdaq futures resistance
symbols: emini = nqz0 / big contract = ndz0

2100.00-2100.75
2108.50-2109.50
2118.75
2126.50-2127.25
2131.50-2132.25


December 2010 Nasdaq futures support
symbols: emini = nqz0 / big contract = ndz0

2088.00
2083.50-2082.50
2077.50-2076.50
2068.25-2067.50

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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 11/16/10

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

TradeStalker's

Support and Resistance Update

11 / 16 / 2010

(Published Since 1996)

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

Dateline: 5:59 pm eastern time, 11/16/2010

The ES gapped down 7.75 points and reversed from 1184.75
just 5 minutes into trading, then popped up to 1190.00. The
first bounce was sold and the ES went trend down to the 1172
area. A double bottom lead to a bounce to 1179.25, but it
failed and a drop to 1171.00 happened with 1 hour left in
stock trading. Buying/ short covering took the market higher
into the close.

The market is deeply oversold while at a pretty key area on
the SP500. Some of the internal readings intraday on Tuesday
were at capitulation levels. The only problem is that
bounces haven't had much gusto since topping out last week.
We could get a bounce of 12-15 points on the ES but the way
the market acts, it would be sold into. We are due a decent
bounce soon, but if we get one it will then set up another
shorting opportunity.

On Wednesday look for 2-sided action, with pretty key
support near the Tuesday lows that should be reversed. On a
bounce, a move over the 1179.25-1180.50 area on the ES and
also the 2100.75-2101.50 area on the NQ would be needed to
break the downside momentum. If the ES gets through that
area, beware of a potential reversal if the 1183.50-1184.50
zone is reached and the move stalls out.


December 2010 SP futures resistance
symbols: emini = esz0 / big contract =spz0

1179.25-1180.50
1183.50-1184.50
1189.50-1190.50
1194.75-1195.75



December 2010 SP futures support
symbols: emini = esz0 / big contract =spz0

1171.00-1170.50
1167.75-1167.00
1162.50-1162.00
1158.25-1157.50


December 2010 Nasdaq futures resistance
symbols: emini = nqz0 / big contract = ndz0

2100.75-2101.50
2109.50-2110.25
2118.75-2120.25
2126.50-2127.25



December 2010 Nasdaq futures support
symbols: emini = nqz0 / big contract = ndz0

2083.50-2082.50
2077.50-2076.50
2068.25-2067.50



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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 10/27/10

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

TradeStalker's

Support and Resistance Update

10 / 27 / 2010

(Published Since 1996)

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


Dateline: 6:53 pm eastern time, 10/26/2010


A 9 point down open on the ES was reversed from the 1173.50-
1172.50 support and bounced to the 1179.00 level 30 minutes
into trading. The reversal there set up a short and a trend
down move to 1168.25 followed. A bounce reversed at 1173.50
resistance, then dropped again to just 1 tick over the
1167.50-1167.00 support area. A reversal occurred and the
break/hold of the 1173 area turned the trends and a rally to
1180.50 key area was reached just before the close.

The market has acted like it's ready to get hit with a good
sized down day, but it continues to find buyers on the deep
drops and bounce back. The ES rallied to the 1180.50 level
at the close and stopped while the NQ came within 2 ticks of
its 2125.50 high for the move. Those need to be cleared and
held on Thursday morning to keep the strong trend up move in
gear. Below the market, the 1173.50-1173.00 area was a
transition area on Wednesday and that is as far as a
pullback should go, otherwise the trends will roll over and
make the bounces turn into shorting opportunities.

We get Initial Claims before the open on Thursday. If the
market opens higher, expect a reversal to occur no later
than 40 minutes into the day. If that plays out, then watch
for a dip to be 4 points or less on the ES before buying
comes back in if the market is going to stay strong. If
there is a deeper drop, and/or the 1176 area if broken, then
that 1173.50-1172.50 area should be tested and either
reverse or roll over to the downside.



December 2010 SP futures resistance
symbols: emini = esz0 / big contract =spz0

1180.50
1183.50-1184.25
1188.00-1188.50
1192.50-1193.00

December 2010 SP futures support
symbols: emini = esz0 / big contract =spz0

1173.50-1173.00
1171.50
1167.50-1167.00
1163.00-1162.50


December 2010 Nasdaq futures resistance
symbols: emini = nqz0 / big contract = ndz0

2125.50
2129.25-2130.00
2135.75-2136.50

December 2010 Nasdaq futures support
symbols: emini = nqz0 / big contract = ndz0

2114.50-2113.50
2110.75
2103.50-2102.25
2097.50-2096.50



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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

E-Mini Support and Resistance Trading Plan

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Good Trading,
Mike Reed
TradeStalker.com

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Good Trading,
Mike Reed
TradeStalker.com

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)