TradeStalker's RBI Update 08/11/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 11 / 2009

(Published Since 1996)

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

Dateline: 6:02 pm eastern time, 8/11/2009

The market opened lower on Tuesday, below the 1001.75-
1001.25 zone on the ES, and continued to go lower in trend-
down fashion to 990.00 by 11 am. A bounce off that level
failed just under the updated resistance at 994.50-995.00,
then fell back to test the lows. The market firmed up at
990.25 on the ES and the upside got going as the ES rallied
to 996.75. The 997-998 reversal area was missed by a tick,
but the double top at 996.75 started a drop to just above
the lows by the close.

We get the Fed decision on interest rate policy at 2:15 pm
on Wednesday. The market is acting range bound, but the
upside appears limited right now. After making a little
double bottom at the 990.00-990.25 area, the rally to the
996.75 double top was aggressively sold. The initial
resistance areas, across the board, need to be cleared and
not quickly reversed on Wednesday to avoid trouble. On the
bottom side, if the ES breaks the 990 level, then it will
need to quickly reverse back up from the 988.50-987.50 zone.
That would set up a quick trade on the long side, but not
one to overstay as the bounces haven't been sticking and is
also acting toppy.

On Wednesday look for early strength to be sold, and then
the first pullback might turn into a buying opportunity if
there is a reversal from just under the 990 level on the ES.
After the Fed release, there should be a quick back-and-
forth move that lasts 10 minutes or so, then the market
should find a trend that lasts into the very late trading.

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

996.25-996.75 **key, especially early
1001.25-1001.75
1008.00-1008.50 ** major, short if reversed
1011.75-1012.50


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

990.25-990.00
988.50-987.50 ** must hold
983.50-981.75


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

1600.50-1601.00 **key, especially early
1604.00-1604.75
1616.75-1617.75 ** major, short if reversed
1623.00-1623.50


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

1593.75-1592.75
1589.75-1588.75 ** must hold
1581.50-1580.25


September 2009 Dow futures resistance
symbols: emini = ymu9

9246-9251 **key, especially early
9276-9280
9333-9337 ** major, short if reversed
9369-9372


September 2009 Dow futures support
symbols: emini = ymu9

9186-9182
9171-9164 ** must hold
9125-9121


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

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

Today's Trading Recap: 08/11/09

HOW OUR DAY WENT: The last line of last night's update
stated:

"...the ES needs to quickly reverse if the 1001.75-
1001.25 zone is seen. If the market isn't strong enough
to hold that area, then bounces will set up shorting
opportunities as the market attempts to break the Monday
lows before turning back up."

The ES opened at 1001.00, popped to 1001.75, then turned
back down. That triggered a short and the ES went "trend
down" to a 990.00 low. The little bounces were shorting
opportunities until Monday's low was broken. The bounce
off of 990.00 failed at 994.00, just below 994.50 updated
resistance, then tested the low. Members were alerted that
a move through 994.50-995.00 could mean a move to the 997-
998 area then a reversal. The ES made a little double top
at 996.75 and then dropped 5.75 points to 991.00 by the
close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/10/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 10 / 2009

(Published Since 1996)

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

Dateline: 6:08 pm eastern time, 8/10/2009

A lower open was reversed on Monday, however the ES bounced
to 1007.75 and then the move stalled out. The first decent
bounce could not hold the gains and the market rolled over
and grinded its way down to the 999.50-999.00 support zone
on the ES. The market bounced, but the updated resistance at
the 1002.50-1003.00 area (1002.75 bounce high) was a lid and
the market fell back to make new lows. The ES turned up from
998.25 but the move stalled out after barely poking over the
1003 resistance. The market traded sideways until the last
20 minutes, as the ES pushed through the 1003.50 level and
rallied back to the morning high at 1007.75 just before
settlement.

Most of the internal gauges are back into neutral territory
at Monday's close. The futures settled well over fair value
on Monday, as the sentiment turned bullish in a hurry at the
end of the day. The market was having trouble holding its
gains late last week, but on Monday the action was the
opposite. Although the market reversed last week from
logical areas, and making it look like a top is in place,
the market might be on the way to test the highs from last
week, or make slightly lower highs, before a trading top is
in place. If this plays out and the ES rallies back to the
1011.75-1012.50 area and then reverses, then it could start
a bigger selloff. However, the market should be okay as long
as the 1003.75-1003.25 area on the ES holds on a pullback.
If that area is not held, then the intraday trends will roll
over again.

On Tuesday look for early strength to stall/reverse to set
up a shorting opportunity, especially if there is a reversal
from around the 1011.75-1012.50 area on the ES. If that
plays out, then the first decent pullback needs to hold the
1003.75-1003.25 area on the ES to stay in uptrends. If the
market opens lower, then it will set up a buying opportunity
as long as there is a reversal from the initial support
areas. If those break, then the ES needs to quickly reverse
if the 1001.75-1001.25 zone is seen. If the market isn't
strong enough to hold that area, then bounces will set up
shorting opportunities as the market attempts to break the
Monday lows before turning back up.

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

1008.00-1008.50
1011.75-1012.50
1015.50-1016.00
1020.00-1020.50
1023.75-1024.00


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

1003.75-1003.25
1001.75-1001.25
999.50
995.50-995.00


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

1616.75-1617.75
1623.00-1623.50
1627.00-1627.75
1631.75-1632.50
1637.50-1638.00


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

1608.50-1607.75
1604.75-1604.00
1600.00
1594.75-1594.00


September 2009 Dow futures resistance
symbols: emini = ymu9

9333-9337
9369-9372
9400-9404
9443-9447
9471-9473


September 2009 Dow futures support
symbols: emini = ymu9

9295-9292
9280-9276
9260
9234-9230

CLICK HERE to watch a short video on how to best use our service in your own trading.

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

Today's Trading Recap: 08/10/09

HOW OUR DAY WENT: The lower open was reversed, but the
bounce stalled out after reaching 1007.75 on the ES. We
went short when the ES broke 1005.25 and then popped up
to 1006.75 and reversed. The ES "traded by the numbers"
thereafter, as the ES fell to the 999.50 support (6+
point profit opportunity), bounced back to the updated
resistance at 1002.50-1003.00 area (1002.75 bounce high).
From 1002.75, the ES fell 4+ points to 998.25. The
reversal back over 1000 took the pressure off, and after
a slugish move up to 1003 resistance, the ES pushed thru
rallied back nicely into the close.

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)

TradeStalker's RBI Update 08/09/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 9 / 2009

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 8/9/2009

The market ended the week with a rally into new recovery
high ground on Friday. The ES gapped up 9.75 points, but the
early strength was sold and the market fell quickly. However
after turning back up from 999.50, the market rallied
strongly into the afternoon. After the ES reached 1016.00
the market backed off. After a slow move sideways, the ES
broke the 1013 level and fell 10+ points to the updated
1006-1005 area by the close.

The market continues to reach new high ground, and then
finds time to take profits and sells off. On Friday the
averages made new highs, but the internal gauges made lower
highs. In addition, the Vix gave a couple of sell signals at
Friday's close. How much downside comes from this is hard to
tell, but a deeper pullback should be in the cards. Despite
the breakout of the little range that the market was in
until Friday, the market fell back to the breakout level on
the ES by the close on Friday. The Dow and Nasdaq still have
more to go to do the same.

On Monday the market should be a good short if there is
early strength that fizzles under the initial support areas.
If the market opens lower, then the resumption of the late
Friday selloff should reverse and bounce back if the
1002.75-1002.00 area is held. If the market cannot reverse
early weakness after the first 20-40 minutes of trading,
then a top of some sort might be in place and the bounces
would be shorting opportunities until getting to the 996.00-
995.50 area on the ES. If that area is not held, then a
decent top should be in place and the 988.75-987.75 major
support could be in the cards.

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

1011.75-1012.50
1015.50-1016.00
1020.00-1020.50
1023.75-1024.00


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

1005.50-1005.00
1002.75-1002.00
999.50-999.00
996.00-995.50


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

1623.00-1623.50
1627.00-1627.75
1631.75-1632.50
1637.50-1638.00


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

1617.00-1616.50
1611.00-1610.25
1607.00-1606.50
1600.50-1599.50


September 2009 Dow futures resistance
symbols: emini = ymu9

9369-9372
9400-9404
9443-9447
9471-9473


September 2009 Dow futures support
symbols: emini = ymu9

9317-9314
9292-9287
9264-9260
9234-9230

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed

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

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 08/07/09

HOW OUR DAY WENT: The ES gapped up 9.75 points on the
Jobs data, and it set up a short. The ES reversed from
1007.25, just under the 1008.50 resistance, and then
dropped 7.75 points to "old resistance" at 995.50. That
reversal set up a trade on the long side. A rally to
1013 followed. Updated support at 1008 area held, setting
up another long and the ES rallied to 1016.00 before
finally reversing. The group was told that we topped,
and did indeed as the ES fell 10+ points to the 1006-1005
zone into the close.

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)

TradeStalker's RBI Update 08/06/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 6 / 2009

(Published Since 1996)

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


Dateline: 6:16 pm eastern time, 8/6/2009


The higher open on Thursday was a "gift" short, especially
with the all 3 index futures rejecting resistance areas at
the same time. I had resistance at 1005.50-1006.25 on the
ES, 1622.50-1623.25 on the NQ, and 9289-9292 on the YM, and
with highs at 1005.75 on the ES, 1621.75 on the NQ and 9289
on the YM all rejected, it set up a fast drop. The market
didn't stabilize until reaching the 992.75-991.75 support on
the ES, and a bounce to the updated resistance at 999.00-
999.50 on the ES was sold. The ES dropped from 999.00 to
993.00 and then bounced back, but the move didn't stick and
the 993.00-992.75 zone was cut through. The ES fell to
989.75, a bit above the last support at the 988.75-987.75
zone, and turned back up. The ES reversed off of the 993.50
updated resistance on the first attempt, but after just a 2
point drop, the market turned back up and chopped its way
back to 996.25 on the ES before the close.

The market left the normally bullish end-of-month, first 2
days of a new month upside bias on Wednesday, and the market
has had trouble since then. The rejection of the 1005.50-
1006.25 area on both Wednesday and Thursday puts a lid on
top of what has been a small trading range this week. In
fact, the ES has had just a 17 point weekly range thus far.
With the market moving back and forth in a small range while
in recent new high territory is normally a bearish sign.
Volatility on an intraday basis has been present, but the
market needs to release this energy with a directional move.

On Friday we get the Employment data before the open. The
end of day pattern on Thursday was a rising wedge on both
the ES and Dow cash, so a pop up and reverse type of open
would likely start a quick drop back down. It looks like the
993.00 level on the ES would need to hold to avoid a
breakdown. For now it looks like the market needs to get
over the initial resistance and not quickly reverse to
change the trend. Until proven otherwise, the short side
should continue to offer the "easier" setups, shorting the
bounces when the upside loses its momentum and the move
stalls, as that is when the quick pullbacks/drops begin. If
the ES cannot hold on a test of the 988.75 Monday low, then
the weekly chart will not look good and there would be
resistance around the 994 level. A bounce back would need to
get back over the 994.00 level on the ES and stay over that
level on a pullback to avoid a bad close.



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

996.50-997.50
999.50
1005.50-1006.25 **key**
1008.50-1009.00
1011.50-1012.50


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

993.00
988.75-987.75
982.50-981.75


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

1605.75-1607.00
1610.50
1622.50-1623.25 **key**
1626.75-1627.50
1631.50-1632.50


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

1597.75
1592.75-1591.75
1585.50-1584.50


September 2009 Dow futures resistance
symbols: emini = ymu9

9231-9234
9254
9289-9292 **key**
9317-9322
9355-9359


September 2009 Dow futures support
symbols: emini = ymu9

9207
9164-9159
9112-9108


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

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

Today's Trading Recap: 08/06/09

HOW OUR DAY WENT: The higher open was a "gift" short,
especially with the futures all rejecting resistance
areas. Members had 1005.50-1006.25 on the ES, 1622.50-
1623.25 on the NQ, and 9289-9292 on the YM on their
charts, and with highs at 1005.75 on the ES, 1621.75 on
the NQ and 9289 on the YM all rejected, it set up a
fast drop. The market didn't stabalize until reaching
our 992.75-991.75 support on the ES, a drop of 13 points
on the ES. Members were given 999.00-999.50 as new
resistance and the bounce stalled and reversed from
999.00 and dropped 6 points to 993.00. After the bounce
failed the ES fell to 989.75 before turning up. We had
last support at 988.75-987.75, and just missed an entry
on the long side. Still, we nailed the high(s) on the
open, had the first pullback stop at the 992.75 support,
shorted a bounce to 999.00 resistance... another good
day for real time members.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/05/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 5 / 2009

(Published Since 1996)

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


Dateline: 6:08 pm eastern time, 8/5/2009


After a slightly lower open on Wednesday, the ES popped up
to 1004.00 and quickly reversed and the market headed
downhill pretty fast. After getting to 991.75 there was a
bounce, but the move failed and the market went back to test
the lows. A little double bottom formed and the market
headed higher. The 997.00-997.50 zone was rejected twice,
but after a drop to 992.75 reversed, the market headed
higher in stair-step fashion. The upside was rejected when
the ES reached 1003.75, and with double top in place the
market backed off and finished the day around the middle of
the day's ranges.

The market is turning range-bound with selling coming from
the 1003-1004 area and buying coming in around the 992-991
area on the ES. This move is losing upside momentum, and the
bounces are being sold as soon as the upside sprint stalls.
The selloffs occurred fairly quickly also, instead of the
well contained drifts lower we have had most of the time
lately. In addition, my internal gauges turned from extreme
overbought territory and that should at least keep a collar
on the upside. If the ES gets back to the initial
resistance, and the move either stalls or is quickly
rejected, it could be a "last hurrah" before a good sized
correction begins.

The big data will be the Employment data released on Friday,
but on Thursday morning we get the Initial Claims data
before the open. The Nasdaq was the leader on the way up,
but after making a double top at 1632.00 on Tuesday, the
tech sector led the downside on Wednesday. That move by the
semiconductor index is parabolic, as are many of the Dow
stocks, and the Wednesday action was the first visible chink
in this bull market rally. If the NQ continues to drop, the
rest of the market will follow the leader on the way down.
The NQ is the weakest and the better short on bounces for
now.

On Thursday look for early strength as a gift shorting
opportunity. If that happens to play out, then look for a
potential reversal attempt after the first 20-40 minutes of
trading. If the market opens lower instead, then it should
provide a bounce. But be on lookout for that bounce to
fizzle out to set up a shorting opportunity, especially if
there is one more pop to the 1002-1004 area that reverses.
On the downside, the 992.75-991.75 area on the ES (the
bottom of the current range) will need to be defended if
there is another decent sized pullback. If that area is
broken, it would mean that a top is likely forming. If the
market gets down there and turns back up, but can only
bounce back to the 997-998 area at best before reversing,
then things could be changing short to intermediate term.



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

1003.75-1004.00
1005.50-1006.25
1008.50-1009.00
1011.50-1012.50


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

998.50-998.00
995.50
992.75-991.75
988.75-987.75


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

1618.50-1619.00
1622.50-1623.25
1626.75-1627.50
1631.50-1632.50


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

1610.00-1609.50
1606.25
1603.00-1602.50
1598.75-1597.75


September 2009 Dow futures resistance
symbols: emini = ymu9

9275-9280
9289-9292
9317-9322
9355-9359


September 2009 Dow futures support
symbols: emini = ymu9

9228-9225
9210
9169-9164
9144-9130


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

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

Today's Trading Recap: 08/05/09

HOW OUR DAY WENT: After closing right at the 1005.00-
1005.50 resistance zone on Tuesday, the market opened
lower on Wednesday and the dip was bought. The pop back
to 1004.00 reversed, setting up a good reward/risk short
for our members. The drop took the market down pretty
fast, then made a double bottom around 991.25 on the
ES. The updated resistance at 997.00-997.50 set up 2
nice scalps. The updated 933 support given intraday held
on the pullbacks, then a run to 1003.75 double top was
a short.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/04/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 4 / 2009

(Published Since 1996)

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


Dateline: 6:02 pm eastern time, 8/4/2009


The lower open held and reversed from just over the 993.00-
992.50 support on the ES Tuesday morning and then bounced to
999.25 before the move fizzled and reversed. A pullback to
994..50 was bought and the ES rallied almost 10 points to
1004.00 by early afternoon. The ES fell to 997.00 and
bounced, but the move fizzled and reversed from 1001.75. A
pullback to 997.00 held and the market finished strong by
rallying to 1005.00 on the ES at the close.

The market is very overbought, but continues to hold on the
pullbacks. The market closed at resistance on the ES while
the Nasdaq is up against its high made on 7-30. If the
market pushes through those areas and does not quickly
reverse on Wednesday, then it looks like the choppy melt-up
might be headed for the 1014 level on the SP500 cash. On the
down side, as long as the pullbacks continue to reverse
after a drop of 5-7 points on the ES, the bulls are still in
charge.

The market should be a short to start Wednesday, if the ES
pops up to the 1008.50-1009.00 zone on the ES and then
stalls/ reverses. However, if that occurs early, beware that
the first decent pullback should set up a buying opportunity
when the downside slows then reverses. The last hour lows
should not be seen if the market is going to remain strong
on Wednesday.



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

1005.00-1005.50
1008.50-1009.00
1011.50-1012.50 ***strong


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

997.50-997.00 ***key
993.50-992.50 ***major on Wedneday
988.75-987.75


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

1632.00-1633.00
1637.50-1638.50
1642.25-1644.50 ***strong


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

1616.75-1616.25 ***key
1612.50-1611.25 ***major on Wedneday
1608.75-1607.75


September 2009 Dow futures resistance
symbols: emini = ymu9

9287-9292
9317-9322
9355-9359 ***strong


September 2009 Dow futures support
symbols: emini = ymu9

9230-9226 ***key
9207-9203 ***major on Wedneday
9174-9170


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

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

Today's Trading Recap: 08/04/09

HOW OUR DAY WENT: The lower open held just over the
993.00-992.50 support zone and turned up. A pop from
993.50 to 999.25 followed - a good start to our day.
After a pullback the ES rallied to 1004.00. We were
wanting to short the 1005.00-1005.50 resistance zone
but when the 1001.75 level broke, so did the ES. The
ES double bottomed then went to the 1005.00 resistance
at the close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/03/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 3 / 2009

(Published Since 1996)

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


Dateline: 6:16 pm eastern time, 8/3/2009


A gap up open was sold on Monday as the ES popped up to
995.75 and reversed right away. The first decent pullback
was over 25 minutes later, as buyers stepped to the plate
when the ES reversed from 988.75. The ES ran up to make a
high at 999.25, and then a 7 point pullback followed. After
holding and turning up from 992.25, the market started a
very choppy trend up move into the afternoon. The ES popped
over the 1000.50 resistance, but reversed from 1001.00 and
pulled back. The 997.00 level held, then the ES popped to
1000.50 and reversed back down. That set up a short entry
and the ES dropped back to 996.00 with 15 minutes left in
stock trading. The market turned back up and rallied into
the close.

The market has a good underlying bid, turning back up after
a pullback loses momentum and reverses. The drops have been
between around 5-7 points on the ES, then the buying comes
back in to drive prices higher. On Tuesday we will likely
get more two-sided action, but unless/until there is a break
and hold under the initial support on Tuesday, no damage is
done. However, if the initial support areas are broken, then
the bounces will likely be sold as the trends could be
rolling over. On the upside, most will be watching the 1014
level on the SP500 cash, as it's the .382 retracement from
the 1576.09 high to 666.79 low. That should equate to the
1011.50-1012.50 area on the ES. That should be hard to get
through the first time, so beware if the ES rallies another
10-12 points on Tuesday as the market would be ripe for a
reversal or profit taking of some sort.

On Tuesday look for early strength to set up a shorting
opportunity, and then the first decent pullback should set
up a buying opportunity if it can snap back from a 5-7 point
pullback that holds the initial support. If that support is
not reversed, then we could have a sharper selloff than most
expect begin.



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

1001.75-1102.00
1005.00-1005.50
1009.00
1011.50-1012.50


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

996.50-996.00
993.00-992.25
988.75-987.75
980.00-979.50


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

1628.50-1629.00
1633.00-1634.00
1638.50
1643.25-1644.50


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

1619.00-1618.25
1612.50-1611.25
1608.75-1607.75
1597.25-1596.50


September 2009 Dow futures resistance
symbols: emini = ymu9

9255-9258
9284-9289
9322
9345-9349


September 2009 Dow futures support
symbols: emini = ymu9

9215-9212
9194-9190
9154-9150
9091-9085


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

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

Today's Trading Recap: 08/03/09

HOW OUR DAY WENT: The gap up open was a short when 994
was broken through. The pullback was over just 25 minutes
of trading. After making a high at 999.25, the ES dipped
then the bounce reversed at a lower high, giving us a
short setup and the ES dropped to 992.25. That held the
updated support and the rally was back in gear. We were
looking for a reversal from the 999.50-1000.50 zone and
the ES reversed from 1001.00. An update after that told
members to short a move that went over then back down
thru 1000.00 and we got that, giving 3+ points as a drop
to 996.00 occurred before turning back up at the close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 08/02/09

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

TradeStalker's

R.B.I. Trader's Update

8 / 2 / 2009

(Published Since 1996)

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


Dateline: 4:46 pm eastern time, 8/2/2009


The market had another good week, but on Thursday and Friday
the character changed with the market unable to hold gains.
On Friday the market rallied early, but the strength was
sold as the ES fizzled at 990.00 and sold off quickly. The
bulls held ground however, as the ES reversed from the
980.00-979.50 initial support area and bounced back to the
987-988 updated resistance. After a couple of pullbacks from
that zone reversed from around 983, the ES ran up to 989.50
and stalled/reversed and then backed off to the 984.50
level. One last run-up failed (although the ES got over 989
first) and the market closed with a sharp drop into the
close. The ES and NQ sold off into the final minutes of
trading, but the monthly "settlement at fair value" (goofy
rule) made it look like they ended better than they really
did.

The internal gauges are still in neutral, but the sentiment
is beginning to turn cautious. The market is making good
moves in both directions, however the easier side has been
the short side when the run-ups fizzle out at extended
levels. That is opposite of the bullish action we were
getting coming into Thursday morning, with the market
selling off early and then buyers rushing in and driving
prices higher into the close.

The volatility certainly has returned. On Friday we were
expecting two-sided action, and got these swings of 4 points
or more on the ES:

981.25
990.00 +8.75
979.50 -10.50
988.50 +9.00
982.75 -5.75
987.50 +4.75
983.25 -4.25
989.50 +6.25
984.50 -5.00
990.50 +6.00
981.50 -9.00

That's 69+ points of travel range, despite the last trade
being just a quarter of a point below the Thursday close. I
think we can expect this type of action to continue until
there is either a break below 965 or a break over 994 near
term. That is the range the market needs to break to get
something going in either direction as it looks right now.

On Monday focus on shorting the bounces as soon as the
upside fizzles out. If there is going to be a decent trade
on the long side, then it should occur from a lower open
that reverses to the upside. However, like late Friday, an
early rally will not stick unless there is a spark that
ignites good buying, which is unforeseen right now.



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

985.75-986.25
989.50-990.50
992.00-992.25
994.00-995.00


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

980.00-979.50
975.00-974.50
971.00-970.50


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

1605.50-1606.00
1618.00-1618.50
1622.50-1623.50
1627.50-1628.00


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

1597.25-1596.50
1592.50-1591.50
1587.25-1586.50


September 2009 Dow futures resistance
symbols: emini = ymu9

9134-9139
9172-9175
9190-9193
9205-9208


September 2009 Dow futures support
symbols: emini = ymu9

9091-9085
9043-9040
9002-8998


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

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

Today's Trading Recap: 07/31/09

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

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 07/30/09

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

TradeStalker's

R.B.I. Trader's Update

7 / 30 / 2009

(Published Since 1996)

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


Dateline: 6:49 pm eastern time, 7/30/2009

The market gapped up on Thursday and the move fed on itself
as the ES rallied all the way to 994.00 before the move
stalled out. A well contained pullback held at 987.00, and
the market bounced back. A little double top on the ES was
made at 992.25 while the NQ failed at its 1622-1623 area,
and then selling started with about 35 minutes left in
trading. The market rolled over and both the ES and NQ made
their lows in the final minutes of trading.

The market closed higher across the board on Thursday, and
at new recent highs. However, the end of day action left the
market in poor shape going into the end of the month. The
daily indicators are showing bearish divergence for the most
part at these highs. There are now lots of afternoon buyers
stuck from higher prices, as the futures all settled below
their opens while at new high ground for the move up.

A decent pullback should occur from here, but it will depend
on whether or not the ES can hold on to the 980.00-979.50
area. If that is not quickly reversed, then the ES could
head to the Wednesday closing range or lower before a
rebound. In any case, the market will likely open weak on
Friday, and if it does a snap-back rally should occur. If
there is a bounce, it will set up a very good shorting
opportunity as soon as the upside stalls out.



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

987.00-987.50
992.00-992.25
994.00-995.00

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

980.00-979.50
975.00-974.50
971.00-970.50
965.75-965.25
963.00-962.50

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

1618.00-1618.50
1622.50-1623.50
1627.50-1628.00

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

1605.75-1605.00
1601.50-1600.75
1595.25-1594.50
1586.00-1585.00
1581.75-1581.00


September 2009 Dow futures resistance
symbols: emini = ymu9

9152-9156
9186-9190
9203-9205


September 2009 Dow futures support
symbols: emini = ymu9

9075-9072
9043-9040
9002-8998
8974-8969
8937-8933


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

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
http://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: 07/30/09

HOW OUR DAY WENT: We expected strength early, but were
cautious about the upside sticking. After the big run-up
burned out, we caught a short when the ES couldn't hold
990.50. The ES went to 987.00 and bounced. The market
acted toppy, and this was posted in the members room
at 3:17pm eastern time:

(Jul 30-15:17) mike: 1622-23 has been a lid on NQ most
of the day, it is a short under that zone. if exceeded,
they keep running up towards 1630ish
(Jul 30-15:30) mike: so far so good on NQ but need to
press under 1617 w/o quick reversal to get momentum

The NQ bounced to 1622.25 just 4 minutes later and then
reversed The NQ dropped 19 points to 1603.25 in the last
35 minutes of stock trading. The ES dropped 10.50 points
from 991.75 to 981.25 by the close.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 07/29/09

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

TradeStalker's

R.B.I. Trader's Update

7 / 29 / 2009

(Published Since 1996)

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


Dateline: 6:25 pm eastern time, 7/29/2009


A lower open was reversed from just over the Tuesday low on
the ES on Wednesday, then bounced back. The ES rallied from
966.50 to 975.00, then the move was reversed. A choppy
downdraft lasted into the last hour. The ES tested the early
afternoon low at 965.25 and reversed around 3pm, and the
futures were able to rally back to make token higher highs
right before settlement.

The internal gauges have pretty much worn off the overbought
status over the past 2 days of back and forth action. In
fact, the Vix surprisingly gave 1 buy signal on Wednesday.
The pattern over the last several days has been early
weakness followed by late strength. It looks like we could
get the opposite of that on Wednesday, starting the day with
some early strength and then seeing if the move can stick.
At the moment, it looks like the market holds together
unless the double bottom from the 965.75-965.25 area on the
ES is not held.

On Thursday we get the Initial Claims data before the open.
If the market opens higher, the initial resistance area will
not be exceeded if the market is weak. If that resistance is
overcome, then the 979.50-980.25 should be key in the early
going. If there is another reversal from there, then the
market is still in a trading range and a pullback could be
fairly sharp. However, if the ES has no problem at the 980
area, then we should see the 984.00-984.50 area. If that
area is reversed and the ES sells off through 980 again, it
would need to quickly turn back up to avoid a drop back
towards the 975.00 level or lower.


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

977.00
979.50-980.25
984.00-984.50
989.75-990.50

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

971.00
965.75-965.25
963.00-962.50

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

1605.00
1608.00-1608.75
1611.75-1612.50
1618.75-1619.25

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

1595.25
1589.50-1588.75
1574.75-1573.75

September 2009 Dow futures resistance
symbols: emini = ymu9

9060
9080-9082
9102-9107
9157-9162

September 2009 Dow futures support
symbols: emini = ymu9

9016
8973-8969
8937-8933

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

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
http://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: 07/29/09

HOW OUR DAY WENT: There was 7 swings of 5 points or more
on the ES on Wednesday, and we were able to catch a few
in the updates and instant message room.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 07/28/09

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

TradeStalker's

R.B.I. Trader's Update

7 / 28 / 2009

(Published Since 1996)

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


Dateline: 5:45 pm eastern time, 7/28/2009


The ES opened down almost 8 points and at the 971.50-970.75
support and rallied up to 979.25 before fizzling out. That
started a drop to the 969.50 level, which was just over
Monday's low, then bounced to 974.25. The move reversed
there, and the ES dropped one more time to a 966.00 low. the
market turned up and the 972.50 level turned pivotal. After
a failure there, the ES popped over and held that 970.50
area and ran up to 978.25 where the move reversed. The
selloff took the ES back to 971.25 and then the market
firmed into the close.

On Wednesday we get the Fed's Beige Book at 2pm eastern
time. The market will offer a good shorting opportunity if
there is early strength that stalls out. The 978.50-980.00
zone has been rejected 3 times, and is looking like the
upside might be limited with that area a lid. If that area
is exceeded, then beware of a reversal from the 984.00-
984.50 area. on the downside, the 970.75-970.25 area was
pivotal on Tuesday. That will need to be reversed quickly if
broken. If not, then another spill is in gear and we could
possibly slide to the 963.00-962.50 zone before the market
gets turned around.



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

977.00
980.00-980.50
984.00-984.50
989.75-990.50

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

970.75-970.25
967.50-967.00
963.00-962.50

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

1605.00
1608.00-1608.75
1611.75-1612.50
1618.75-1619.25


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

1594.25-1593.75
1589.00-1588.25
1574.75-1573.75

September 2009 Dow futures resistance
symbols: emini = ymu9

9060
9080-9082
9102-9107
9157-9162


September 2009 Dow futures support
symbols: emini = ymu9

9006-9002
8983-8979
8937-8933

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

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
http://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: 07/28/09

HOW OUR DAY WENT: The market gave us a number of very
good opportunities. Starting with a big down open the
ES reversed from 1 tick over the 971.50-970.75 support
and rallied 7.50 points to 979.25. That fizzle set up
a nice short. The volatility picked up allowing a couple
more trades covered in the instant message room.

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 07/27/09

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

TradeStalker's

R.B.I. Trader's Update

7 / 27 / 2009

(Published Since 1996)

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


Dateline: 6:25 pm eastern time, 7/27/2009


The market opened lower on Monday, and the ES immediately
popped up to 976.25 and fizzled before another drop. The ES
fell 3.50 points to 972.75 (the 972.50-972.00 initial
support). Able to hold the initial support, the ES ran up to
the 979.50-980.25 resistance zone. That zone was easily
rejected, and after a little double top was put in place
from 979.75 high, it started a 10.75 point trend-down move
to a 969.00 low (969.00-968.75 was the second support zone
listed) before turning back up. The bounce took the ES 6.75
points higher to 975.75, right at the 975.50-976.00 updated
resistance zone, and it made a little double top before
selling off 5 points to 971.75. The market then chopped
sideways for a bit, and then finally broke lower.That drop
reversed from 970.75 and the upside got in gear. The ES
rallied to make a little double top at 978.25, but the
pullback held 976.25 and then popped up to a lower high then
reversed. The dip held at 974.25 and then in the last 30
minutes the market rallied to new highs, with the ES
reaching 980.00 at the close.

The market is now very overbought, and the reversal by the
Vix on Monday gave 2 out of 5 possible sell signals in my
work. However, the market continues to be very resilient,
and the pattern of early weakness and late strength is a
plus for the market. For now, the market is "ok" unless the
initial support areas are not held on the first decent
pullback. If the initial support areas are all broken, then
a short term top could be in place. Unless/until that
occurs, the dips should set up buying opportunities.

On Tuesday we get the Consumer Confidence number 30 minutes
into the trading day. If the ES pops over the 980 level and
reverses back down through it, then it can trigger a
shorting opportunity with a pretty tight stop. If that
doesn't happen, and the ES stays over 980, then it could
goose shorts and cause a move to get momentum and rally to
the 984.00-984.50 area, or higher. If the market is unable
to stay over the initial support zones, then it will dent
the upside momentum. should that occur, and the ES slides to
the 969.00 low from Monday, a quick reversal would be needed
to avoid rolling over.



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

980.00-980.50
984.00-984.50
989.75-990.50

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

975.00-974.50
971.50-970.75
969.00
963.00-962.50

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

1602.00-1603.75
1607.75-1608.50
1616.75-1618.25

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

1588.50-1588.00
1584.00-1583.25
1578.00
1574.75-1573.75

September 2009 Dow futures resistance
symbols: emini = ymu9

9074-9078
9102-9107
9157-9162

September 2009 Dow futures support
symbols: emini = ymu9

9028-9023
9018-9015
8990
8937-8933

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

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
http://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: 07/27/09

HOW OUR DAY WENT:

The market "traded by the numbers" on
Monday. The market opened lower, and the ES immediately
popped up to 976.25 and fizzled before another drop. The
ES fell 3.50 points to 972.75 (the 972.50-972.00 initial
support). Able to hold the initial support, the ES ran up
to the 979.50-980.25 resistance zone. That zone was easily
rejected, and after a little double top was put in place
from 979.75 high, it started a 10.75 point trend-down move
to a 969.00 low (969.00-968.75 was the second support zone
listed) before turning back up. The bounce took the ES
6.75 points higher to 975.75, right at the 975.50-976.00
updated resistance zone, and it made a little double top
before selling off 5 points to 971.75. The ES rallied to
978.25, then pulled back. Then the last of 7 intraday
updates was sent telling members that a pop to a lower
high that reversed was a short, and the ES reversed from
977.75 and fell to 974.25 before the rally into the close.

Good Trading,
Mike Reed

TradeStalker's RBI Update 07/26/09

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

TradeStalker's

R.B.I. Trader's Update

7 / 26 / 2009

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 7/26/2009


The market had another big week on the upside as the summer
"melt-up" continued. On Friday the first decent bounce
failed at 972.00 on the ES, and then it fell back to 962.50
before turning back up. That was from the 963.00-962.50
initial support on the ES, while the Dow made a double
bottom, and the market got going on the upside. After a
bounce back to 971.00 fizzled, the pullback held the 968.75
support, and the market was able to bounce again. The sprint
to 975.00 reversed, but the dip held and with 30 minutes
left the upside was back in gear as the market rallied to
new highs in the final minutes of trading.

The market still had a head of steam, and as long as the
initial support holds on a pullback (like on Friday), the
market is still in uptrends and in buy the dip mode.
However, the first trade will set up on the short side if
there is early strength on Monday, and the move reverses in
the first 20-40 minutes of trading. A pop up to the initial
resistance areas, or a move over and then back down through
the 980 level on the ES, should start a decent pullback. A
hold over the 980 level could goose the market higher, up to
the 984.00-984.50 area on the ES or higher, before selling
off.

The market sentiment is overly bullish, and a decent
pullback is due soon. If the market cannot get another
bounce to stick, then the initial support areas look to be
pivotal on a pullback. If the initial support areas are
broken (ES, NQ, and YM) on Monday, and the market cannot
quickly reverse, then the tide could be changing. If the
market does get hit with a selloff, a close must be over the
962.50 low from Friday.



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

979.50-980.25
984.00-984.50
989.75-990.50


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

972.50-971.75
969.00-968.75
963.00-962.50
957.50-956.75


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

1602.00-1603.75
1607.75-1608.50
1616.75-1618.25


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

1591.00-1590.25
1586.75-1586.25
1574.75-1573.75
1564.00-1563.25


September 2009 Dow futures resistance
symbols: emini = ymu9

9065-9069
9097-9102
9143-9146


September 2009 Dow futures support
symbols: emini = ymu9

9018-9015
8995-8991
8964-8961
8928-8824


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

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