HOW OUR DAY WENT:
We came into Wednesday expecting some
pullback, and the higher open was reversed and a drop of
5.50 points followed. Then after turning up, we adapted
and felt the market was ok as long as 1053.50 was held.
It was, and a few more opportunities also were set up
per updated support and resistance.
Good Trading,
Mike Reed
TradeStalker.com
Wednesday, September 16, 2009
TradeStalker's RBI Update 09/15/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 15 / 2009
(Published Since 1996)
...............................................
Dateline: 6:36 pm eastern time, 9/15/2009
We came into Tuesday looking to short early strength when
the upside fizzled, and the ES reached 1047.50 just 16
minutes into the day and then dropped to the 1038.50-1038.00
zone before the first hour was over. From the 1038.25 low,
the ES rallied to the 1049.50-1050.25 zone. A 1-2-3 top was
made off the 1050.00-1049.50 levels, and the ES dropped to
1046.25 before turning back up. That was just over the
1045.50 updated support, and then one last sprint higher
followed. The move stopped right at the 1052.00-1052.50
updated resistance, then reversed and sold off into the
close.
The market traded by the support and resistance zones again
on Tuesday. The late selloff from the 1052 level on the ES
leaves the market looking vulnerable for further weakness.
The ES made an island type of top on the daily chart. The
SP500 cash and futures are in a big rising wedge pattern, so
if sentiment shifts we could see a decent sized selloff.
On Wednesday we should get two-sided action, but nothing
good happens unless the ES can get over 1050 and hold.
Another rejection of that area would mean trouble ahead. On
the downside, the key area is still at the 1038.50-1038.00
zone on the ES, and it must hold to avoid a topping pattern.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1049.50
1051.50-1052.25 **strong
1058.00-1058.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1044.50-1044.25
1041.50-1041.00
1038.50-1038.00 **pivotal
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1699.50
1701.75-1702.50 **strong
1709.75-1710.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1692.00-1691.00
1689.75-1689.00
1685.75-1684.50 **pivotal
December 2009 Dow futures resistance
symbols: emini = ymz9
9644
9652-9656 **strong
9711-9715
December 2009 Dow futures support
symbols: emini = ymz9
9592-9588
9548-9544
9523-9520 **pivotal
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
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.
*************************************************
TradeStalker's
R.B.I. Trader's Update
9 / 15 / 2009
(Published Since 1996)
...............................................
Dateline: 6:36 pm eastern time, 9/15/2009
We came into Tuesday looking to short early strength when
the upside fizzled, and the ES reached 1047.50 just 16
minutes into the day and then dropped to the 1038.50-1038.00
zone before the first hour was over. From the 1038.25 low,
the ES rallied to the 1049.50-1050.25 zone. A 1-2-3 top was
made off the 1050.00-1049.50 levels, and the ES dropped to
1046.25 before turning back up. That was just over the
1045.50 updated support, and then one last sprint higher
followed. The move stopped right at the 1052.00-1052.50
updated resistance, then reversed and sold off into the
close.
The market traded by the support and resistance zones again
on Tuesday. The late selloff from the 1052 level on the ES
leaves the market looking vulnerable for further weakness.
The ES made an island type of top on the daily chart. The
SP500 cash and futures are in a big rising wedge pattern, so
if sentiment shifts we could see a decent sized selloff.
On Wednesday we should get two-sided action, but nothing
good happens unless the ES can get over 1050 and hold.
Another rejection of that area would mean trouble ahead. On
the downside, the key area is still at the 1038.50-1038.00
zone on the ES, and it must hold to avoid a topping pattern.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1049.50
1051.50-1052.25 **strong
1058.00-1058.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1044.50-1044.25
1041.50-1041.00
1038.50-1038.00 **pivotal
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1699.50
1701.75-1702.50 **strong
1709.75-1710.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1692.00-1691.00
1689.75-1689.00
1685.75-1684.50 **pivotal
December 2009 Dow futures resistance
symbols: emini = ymz9
9644
9652-9656 **strong
9711-9715
December 2009 Dow futures support
symbols: emini = ymz9
9592-9588
9548-9544
9523-9520 **pivotal
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
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: 09/15/09
HOW OUR DAY WENT:
We came into Tuesday looking to short
early strength when the upside fizzled, and the ES reached
1047.50 just 16 minutes into the day and then dropped to
the 1038.50-1038.00 zone before the first hour was over.
From the 1038.25 low, the ES rallied to the 1049.50-1050.25
zone. A 1-2-3 top was made off the 1050.00-1049.50 levels,
and the ES dropped to 1046.25 before turning back up. That
was just over the 1045.50 updated support, and then one
last sprint higher followed. The move stopped right at
the 1052.00-1052.50 updated resistance, then reversed and
sold off into the close. No fancy indicators, but knowledge
from a 27 year veteran of the market used to give the key
reaction areas consistently.
Good Trading,
Mike Reed
TradeStalker.com
We came into Tuesday looking to short
early strength when the upside fizzled, and the ES reached
1047.50 just 16 minutes into the day and then dropped to
the 1038.50-1038.00 zone before the first hour was over.
From the 1038.25 low, the ES rallied to the 1049.50-1050.25
zone. A 1-2-3 top was made off the 1050.00-1049.50 levels,
and the ES dropped to 1046.25 before turning back up. That
was just over the 1045.50 updated support, and then one
last sprint higher followed. The move stopped right at
the 1052.00-1052.50 updated resistance, then reversed and
sold off into the close. No fancy indicators, but knowledge
from a 27 year veteran of the market used to give the key
reaction areas consistently.
Good Trading,
Mike Reed
TradeStalker.com
Tuesday, September 15, 2009
TradeStalker's RBI Update 09/14/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 14 / 2009
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 9/14/2009
The market gapped down on the open on Monday, and the move
was quickly reversed from 1029.50 on the ES (key support was
at the 1030.50-1030.00 area) and then rallied to 1040.00.
That was rejected, but the ES held at 1036.25 and then found
resistance at the 1038.50 level. That was a lid for about 35
minutes. Another dip held, then the 1038.50 level was broken
and held on a pullback. Then around 2 pm the market shot
higher, as the ES rallied to the next resistance area at the
1043.50-1044.00 zone. That was a lid for about an hour, but
the 1041 level held and the trend up move lasted until the
last 5 minutes of stock trading.
The market had a trend up day on Monday, with a low in the
first 5 minutes and a high in the last 5 minutes of stock
trading. The ES and NQ both made new highs for the year,
while the Dow did not. The market continues to be very
resilient, and we got the "sell early, buy the first decent
pullback" both together on the open on Monday. However moves
into new high ground have been sold initially lately, so if
the market tests the Monday highs that move will likely be
sold.
On Tuesday we get the PPI and Retail Sales before the open.
If the market opens higher, the move will set up a shorting
opportunity as soon as the upside stalls/reverses,
especially if the Monday high areas are rejected early. If
that plays out, then the market should set up a buying
opportunity IF the ES can hold the 1041.50-1041.00 zone. If
that area is broken, then a deeper drop is underway. If the
1038.50-1038.00 area is broken, and held on a bounce, then
the trends are rolling over and a drop towards the 1030.50-
1029.50 could be in the cards. The market would need to
reverse quickly from that zone, otherwise there is damage
done to the big picture uptrend.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1044.75-1045.50 **strong early
1049.50-1050.25
1054.50-1055.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1041.50-1041.00
1038.50-1038.00 **pivotal
1036.25
1030.50-1029.50 **Major
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1690.75-1692.00 **strong early
1696.50-1697.50
1701.75-1702.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1685.75-1685.00
1681.50-1680.75 **pivotal
1678.25
1672.00-1670.50 **Major
December 2009 Dow futures resistance
symbols: emini = ymz9
9569-9572 **strong early
9604-9611
9649-9653
December 2009 Dow futures support
symbols: emini = ymz9
9548-9544
9531-9528 **pivotal
9512
9468-9465 **Major
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
9 / 14 / 2009
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 9/14/2009
The market gapped down on the open on Monday, and the move
was quickly reversed from 1029.50 on the ES (key support was
at the 1030.50-1030.00 area) and then rallied to 1040.00.
That was rejected, but the ES held at 1036.25 and then found
resistance at the 1038.50 level. That was a lid for about 35
minutes. Another dip held, then the 1038.50 level was broken
and held on a pullback. Then around 2 pm the market shot
higher, as the ES rallied to the next resistance area at the
1043.50-1044.00 zone. That was a lid for about an hour, but
the 1041 level held and the trend up move lasted until the
last 5 minutes of stock trading.
The market had a trend up day on Monday, with a low in the
first 5 minutes and a high in the last 5 minutes of stock
trading. The ES and NQ both made new highs for the year,
while the Dow did not. The market continues to be very
resilient, and we got the "sell early, buy the first decent
pullback" both together on the open on Monday. However moves
into new high ground have been sold initially lately, so if
the market tests the Monday highs that move will likely be
sold.
On Tuesday we get the PPI and Retail Sales before the open.
If the market opens higher, the move will set up a shorting
opportunity as soon as the upside stalls/reverses,
especially if the Monday high areas are rejected early. If
that plays out, then the market should set up a buying
opportunity IF the ES can hold the 1041.50-1041.00 zone. If
that area is broken, then a deeper drop is underway. If the
1038.50-1038.00 area is broken, and held on a bounce, then
the trends are rolling over and a drop towards the 1030.50-
1029.50 could be in the cards. The market would need to
reverse quickly from that zone, otherwise there is damage
done to the big picture uptrend.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1044.75-1045.50 **strong early
1049.50-1050.25
1054.50-1055.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1041.50-1041.00
1038.50-1038.00 **pivotal
1036.25
1030.50-1029.50 **Major
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1690.75-1692.00 **strong early
1696.50-1697.50
1701.75-1702.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1685.75-1685.00
1681.50-1680.75 **pivotal
1678.25
1672.00-1670.50 **Major
December 2009 Dow futures resistance
symbols: emini = ymz9
9569-9572 **strong early
9604-9611
9649-9653
December 2009 Dow futures support
symbols: emini = ymz9
9548-9544
9531-9528 **pivotal
9512
9468-9465 **Major
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 09/14/09
HOW OUR DAY WENT:
The market gapped down on the open on
Monday, and the move was quickly reversed from 1029.50 on
the ES (key support was at the 1030.50-1030.00 area) and
then rallied to 1040.00. As updated, that was rejected
and the ES pulled back. The 1038.50 level was then
broken, and held on a pullback, giving a run-up to the
next resistance at the 1043.50-1044.00 zone. That was a
lid for about an hour, but the 1041 level held per an
instant message room note, and the trend up move lasted
intil the last 5 minutes of trading, again per another
instant message room note.
Good Trading,
Mike Reed
TradeStalker.com
The market gapped down on the open on
Monday, and the move was quickly reversed from 1029.50 on
the ES (key support was at the 1030.50-1030.00 area) and
then rallied to 1040.00. As updated, that was rejected
and the ES pulled back. The 1038.50 level was then
broken, and held on a pullback, giving a run-up to the
next resistance at the 1043.50-1044.00 zone. That was a
lid for about an hour, but the 1041 level held per an
instant message room note, and the trend up move lasted
intil the last 5 minutes of trading, again per another
instant message room note.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/13/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 13 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 9/13/2009
We were selling early strength on Friday, and had resistance
at the 1043.50-1044.00 zone on the ES. The ES popped up and
reached 1043.75 and fizzled, giving us a great reward/risk
shorting opportunity. The ES then dropped 10 points to
1033.50 before bouncing, which was right at initial support
at the 1034.00-1033.50 zone. I gave the 1038.00-1038.50 as
new resistance, and the bounce reached 1038.25 and turned
back down. They had a 3.25 point pullback from there, then
the ES popped up to 1039.25 and then pulled back. A run to
1040.75 was quickly reversed, then the market pulled back
into the close.
The upside flattened out on Friday, as the market had a 2
sided day with a high at a resistance zone and a low at a
support zone. The Vix reversed from a yearly low, and gave 3
sell signals of 5 on Friday. At the moment it looks like the
upside is limited, and a drop back to test the Friday lows
are in the cards. If the ES cannot avoid rejecting the 1040
area, then we should drop towards the 1030.50-1030.00 area
and test the market strength from there.
Look for the "sell early, buy the first decent pullback"
type of action to start the day on Monday. If there is some
early strength, and there is a test of the late Friday highs
that fizzles/reverses it will set up a good shorting
opportunity. If the first decent pullback can hold the
1030.50-1030.00 area in the first 30 minutes of trading, and
stall out and turn up, then a trade on the long side might
be in order. However, unless/until the 1040 area is exceeded
and held, shorting the bounces should be the better odds
trade on Monday.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1040.00-1040.75
1043.50-1044.00
1049.50-1050.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1034.00-1033.50
1030.50-1030.00
1026.50-1026.00
1023.00-1022.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1684.75-1685.75
1688.50-1689.25
1696.50-1697.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1673.00-1672.00
1667.00-1666.50
1663.00-1661.75
1658.00-1656.75
December 2009 Dow futures resistance
symbols: emini = ymz9
9559-9562
9588-9592
9642-9647
December 2009 Dow futures support
symbols: emini = ymz9
9512-9509
9468-9465
9434-9431
9403-9400
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
9 / 13 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 9/13/2009
We were selling early strength on Friday, and had resistance
at the 1043.50-1044.00 zone on the ES. The ES popped up and
reached 1043.75 and fizzled, giving us a great reward/risk
shorting opportunity. The ES then dropped 10 points to
1033.50 before bouncing, which was right at initial support
at the 1034.00-1033.50 zone. I gave the 1038.00-1038.50 as
new resistance, and the bounce reached 1038.25 and turned
back down. They had a 3.25 point pullback from there, then
the ES popped up to 1039.25 and then pulled back. A run to
1040.75 was quickly reversed, then the market pulled back
into the close.
The upside flattened out on Friday, as the market had a 2
sided day with a high at a resistance zone and a low at a
support zone. The Vix reversed from a yearly low, and gave 3
sell signals of 5 on Friday. At the moment it looks like the
upside is limited, and a drop back to test the Friday lows
are in the cards. If the ES cannot avoid rejecting the 1040
area, then we should drop towards the 1030.50-1030.00 area
and test the market strength from there.
Look for the "sell early, buy the first decent pullback"
type of action to start the day on Monday. If there is some
early strength, and there is a test of the late Friday highs
that fizzles/reverses it will set up a good shorting
opportunity. If the first decent pullback can hold the
1030.50-1030.00 area in the first 30 minutes of trading, and
stall out and turn up, then a trade on the long side might
be in order. However, unless/until the 1040 area is exceeded
and held, shorting the bounces should be the better odds
trade on Monday.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1040.00-1040.75
1043.50-1044.00
1049.50-1050.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1034.00-1033.50
1030.50-1030.00
1026.50-1026.00
1023.00-1022.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1684.75-1685.75
1688.50-1689.25
1696.50-1697.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1673.00-1672.00
1667.00-1666.50
1663.00-1661.75
1658.00-1656.75
December 2009 Dow futures resistance
symbols: emini = ymz9
9559-9562
9588-9592
9642-9647
December 2009 Dow futures support
symbols: emini = ymz9
9512-9509
9468-9465
9434-9431
9403-9400
---------------------------
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: 09/11/09
HOW OUR DAY WENT:
We were selling early strength, and
had resistance at the 1043.50-1044.00 zone on the ES.
The ES reached 1043.75 and fizzled, a great reward/
risk shorting opportunity. The ES then dropped 10
points to 1033.50 before bouncing, right at initial
support at the 1034.00-1033.50 zone. Members were
then given 1038.00-1038.50 as new resistance, and the
bounce reached 1038.25 and turned back down. They had
a 3.25 point pullback, and then rallied up to 1039.25
before fizzling. I sent an instant message telling
members "if 1035 holds, and 1038 exceeded, then 1039.50
can be seen on 1 more push higher and then fail." The
ES popped to 1039.25, then dipped to 1037.00 before turning
up again. The up to 1040.75 was quickly reversed per the last
of 8 intraday updates. So, we nailed today's high AND low on
the ES, and also a had a couple of low risk scalps in between.
Good Trading,
Mike Reed
TradeStalker.com
We were selling early strength, and
had resistance at the 1043.50-1044.00 zone on the ES.
The ES reached 1043.75 and fizzled, a great reward/
risk shorting opportunity. The ES then dropped 10
points to 1033.50 before bouncing, right at initial
support at the 1034.00-1033.50 zone. Members were
then given 1038.00-1038.50 as new resistance, and the
bounce reached 1038.25 and turned back down. They had
a 3.25 point pullback, and then rallied up to 1039.25
before fizzling. I sent an instant message telling
members "if 1035 holds, and 1038 exceeded, then 1039.50
can be seen on 1 more push higher and then fail." The
ES popped to 1039.25, then dipped to 1037.00 before turning
up again. The up to 1040.75 was quickly reversed per the last
of 8 intraday updates. So, we nailed today's high AND low on
the ES, and also a had a couple of low risk scalps in between.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/10/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 10 / 2009
(Published Since 1996)
...............................................
Dateline: 6:43 pm eastern time, 9/10/2009
The ES popped up and reversed from the 1029.50-1030.00 zone
just 7 minutes after the open on Thursday, and dropped from
1029.50 to the 1023.00-1022.50 support zone. Like Wednesday,
the market turned up from support at 1023.00 in the first
hour and worked its way higher into the early afternoon. The
ES had reactions at each of the resistance areas, but also
held support areas on the pullbacks. The last resistance at
1039.75-1040.25 was tested around 2 pm, and the ES had a
decent shakeout from 1039.25 down to 1033.75 and then the
market turned back up. That was above the 1032.50 zone and
the ES ran up to 1039.50 before backing off into the close.
The market broke out and made new intraday and closing highs
for the bull run. The market hasn't stayed in new high
ground very long recently, and buyers hold bids for a decent
pullback and longs look to lock in profits. After 5 straight
up days, a pullback is way overdo. The sentiment getting
overly bullish, as the Vix hit a multi year low on Thursday.
A reversal from the Vix would give 3 or 4 sell signals and
would set up a good trade on the short side.
Still, the trends are up and as long as the initial support
can hold, no damage is done. However, if the market turns
down from the 1039.50-1040.25 zone and breaks the initial
support, then the trends could be rolling over. If the NYSE
breadth is not at least 2:1 positive, it is a red flag for a
soft market and if the Vix turns up that is also a red flag.
So, look for early strength to be sold and then the first
decent pullback should set up a buying opportunity if the
initial support is held. If that initial support is not
held, then the 1030.50-1030.00 area on the ES must hold. If
it can not, then we could be in for a few days of downside.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1039.50-1040.25
1043.50-1044.00
1049.50-1050.26
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1034.00-1033.50
1030.50-1030.00
1026.50-1026.00
1023.00-1022.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1684.25-1685.50
1690.60-1691.25
1697.50-1698.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1676.00-1675.25
1670.75-1670.25
1667.00-1666.50
1663.00-1661.75
December 2009 Dow futures resistance
symbols: emini = ymz9
9572-9578
9594-9598
9649-9653
December 2009 Dow futures support
symbols: emini = ymz9
9525-9521
9499-9496
9468-9465
9443-9440
---------------------------
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.
*************************************************
TradeStalker's
R.B.I. Trader's Update
9 / 10 / 2009
(Published Since 1996)
...............................................
Dateline: 6:43 pm eastern time, 9/10/2009
The ES popped up and reversed from the 1029.50-1030.00 zone
just 7 minutes after the open on Thursday, and dropped from
1029.50 to the 1023.00-1022.50 support zone. Like Wednesday,
the market turned up from support at 1023.00 in the first
hour and worked its way higher into the early afternoon. The
ES had reactions at each of the resistance areas, but also
held support areas on the pullbacks. The last resistance at
1039.75-1040.25 was tested around 2 pm, and the ES had a
decent shakeout from 1039.25 down to 1033.75 and then the
market turned back up. That was above the 1032.50 zone and
the ES ran up to 1039.50 before backing off into the close.
The market broke out and made new intraday and closing highs
for the bull run. The market hasn't stayed in new high
ground very long recently, and buyers hold bids for a decent
pullback and longs look to lock in profits. After 5 straight
up days, a pullback is way overdo. The sentiment getting
overly bullish, as the Vix hit a multi year low on Thursday.
A reversal from the Vix would give 3 or 4 sell signals and
would set up a good trade on the short side.
Still, the trends are up and as long as the initial support
can hold, no damage is done. However, if the market turns
down from the 1039.50-1040.25 zone and breaks the initial
support, then the trends could be rolling over. If the NYSE
breadth is not at least 2:1 positive, it is a red flag for a
soft market and if the Vix turns up that is also a red flag.
So, look for early strength to be sold and then the first
decent pullback should set up a buying opportunity if the
initial support is held. If that initial support is not
held, then the 1030.50-1030.00 area on the ES must hold. If
it can not, then we could be in for a few days of downside.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1039.50-1040.25
1043.50-1044.00
1049.50-1050.26
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1034.00-1033.50
1030.50-1030.00
1026.50-1026.00
1023.00-1022.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1684.25-1685.50
1690.60-1691.25
1697.50-1698.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1676.00-1675.25
1670.75-1670.25
1667.00-1666.50
1663.00-1661.75
December 2009 Dow futures resistance
symbols: emini = ymz9
9572-9578
9594-9598
9649-9653
December 2009 Dow futures support
symbols: emini = ymz9
9525-9521
9499-9496
9468-9465
9443-9440
---------------------------
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.
*************************************************
TradeStalker's RBI Update 09/10/09
HOW OUR DAY WENT:
The ES reversed from the 1029.50-
1030.00 zone just 7 minutes after the open and dropped
to the 1023.00-1022.50 support zone. Like Wednesday,
the ES had reactions at each of the resistance areas,
but also held support areas on the pullbacks. The last
resistance at 1039.75-1040.25 was tested before the
close, and the ES backed off. Forget the "indicator of
the month club" and begin with a method that actually works.
Good Trading,
Mike Reed
TradeStalker.com
The ES reversed from the 1029.50-
1030.00 zone just 7 minutes after the open and dropped
to the 1023.00-1022.50 support zone. Like Wednesday,
the ES had reactions at each of the resistance areas,
but also held support areas on the pullbacks. The last
resistance at 1039.75-1040.25 was tested before the
close, and the ES backed off. Forget the "indicator of
the month club" and begin with a method that actually works.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/09/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 9 / 2009
(Published Since 1996)
...............................................
Dateline: 6:44 pm eastern time, 9/9/2009
The ES popped up to 1027.25 on the open on Tuesday (which we
were looking to short) then it quickly dropped 4 points to
1023.25 before reversing. The initial support was at
1023.00-1022.50, so the reversal came from a logical spot
and set up a trade on the long side. After having trouble at
1030 on the first try to get a rally going, the ES pushed
through on the next attempt and rallied to the updated
resistance at the 1035.50-1036.50 zone. The ES reached
1036.25 and quickly backed off, and the break of 1032.50
opened the door for the ES to continue its drop. After
falling 9.25 points to 1027.00 on the ES, the market turned
around and bounced back into the close.
NOTE: We roll over to December futures on
Thursday. The new symbol is now ES Z9 for the
emini SP futures. It might take a day or two
before the numbers are more precise.
The indicators are still overbought and with the SP500 cash
closing at a recovery high there are divergences that are
normally bearish. Also, there were more than 2100 advancing
issues on the NYSE for 4 straight days and that is not
normal. It tends to lead to a pullback for a day at least.
In addition, the move looks to be losing some upside
momentum.
On Thursday look for early strength to set up a shorting
opportunity. If that plays out, then the first decent
pullback will need to hold around the 1019.75-1019.00 area
on the ES December futures to avoid trouble. If the market
gets down there and cannot get turned around, then a trip
back towards the 990's is possible on this leg down. If the
market has enough gas in its tank to take out the 1031.25-
1031.75 area on the December ES, and can hold that area on a
pullback, then the upside could get in a break-out mode and
try to get to the 1039.75-1040.25 area if the SP500 is not
going to make a double top up here.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1029.50-1030.00
1031.25-1031.75
1034.25-1034.75
1039.75-1040.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1027.50
1023.00-1022.50
1019.75-1019.00
1014.75-1014.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1670.25-1670.75
1673.75-1674.75
1679.50-1680.00
1685.75-1686.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1663.75
1658.25-1656.75
1644.00-1643.00
1638.00-1637.50
December 2009 Dow futures resistance
symbols: emini = ymz9
9494-9499
9510-9514
9538-9542
9596-9599
December 2009 Dow futures support
symbols: emini = ymz9
9532
9414-9411
9386-9383
9339-9334
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
9 / 9 / 2009
(Published Since 1996)
...............................................
Dateline: 6:44 pm eastern time, 9/9/2009
The ES popped up to 1027.25 on the open on Tuesday (which we
were looking to short) then it quickly dropped 4 points to
1023.25 before reversing. The initial support was at
1023.00-1022.50, so the reversal came from a logical spot
and set up a trade on the long side. After having trouble at
1030 on the first try to get a rally going, the ES pushed
through on the next attempt and rallied to the updated
resistance at the 1035.50-1036.50 zone. The ES reached
1036.25 and quickly backed off, and the break of 1032.50
opened the door for the ES to continue its drop. After
falling 9.25 points to 1027.00 on the ES, the market turned
around and bounced back into the close.
NOTE: We roll over to December futures on
Thursday. The new symbol is now ES Z9 for the
emini SP futures. It might take a day or two
before the numbers are more precise.
The indicators are still overbought and with the SP500 cash
closing at a recovery high there are divergences that are
normally bearish. Also, there were more than 2100 advancing
issues on the NYSE for 4 straight days and that is not
normal. It tends to lead to a pullback for a day at least.
In addition, the move looks to be losing some upside
momentum.
On Thursday look for early strength to set up a shorting
opportunity. If that plays out, then the first decent
pullback will need to hold around the 1019.75-1019.00 area
on the ES December futures to avoid trouble. If the market
gets down there and cannot get turned around, then a trip
back towards the 990's is possible on this leg down. If the
market has enough gas in its tank to take out the 1031.25-
1031.75 area on the December ES, and can hold that area on a
pullback, then the upside could get in a break-out mode and
try to get to the 1039.75-1040.25 area if the SP500 is not
going to make a double top up here.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1029.50-1030.00
1031.25-1031.75
1034.25-1034.75
1039.75-1040.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1027.50
1023.00-1022.50
1019.75-1019.00
1014.75-1014.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1670.25-1670.75
1673.75-1674.75
1679.50-1680.00
1685.75-1686.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1663.75
1658.25-1656.75
1644.00-1643.00
1638.00-1637.50
December 2009 Dow futures resistance
symbols: emini = ymz9
9494-9499
9510-9514
9538-9542
9596-9599
December 2009 Dow futures support
symbols: emini = ymz9
9532
9414-9411
9386-9383
9339-9334
---------------------------
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: 09/09/09
HOW OUR DAY WENT:
The ES popped up to 1027.25 on the open
(which we were looking to short) then it dropped 4 points
to 1023.25 before reversing. The initial support was at
1023.00-1022.50, so the reversal set up a trade on the long
side. The group was given the 1035.50-1036.50 zone as the
next resistance zone and the ES reached 1036.25 and then
reversed. A drop of 9.25 points to 1027.00 followed.
Good Trading,
Mike Reed
TradeStalker.com
The ES popped up to 1027.25 on the open
(which we were looking to short) then it dropped 4 points
to 1023.25 before reversing. The initial support was at
1023.00-1022.50, so the reversal set up a trade on the long
side. The group was given the 1035.50-1036.50 zone as the
next resistance zone and the ES reached 1036.25 and then
reversed. A drop of 9.25 points to 1027.00 followed.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/08/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 8 / 2009
(Published Since 1996)
...............................................
Dateline: 6:03 pm eastern time, 9/8/2009
The ES opened up 11.50 points on Tuesday, and just a tick
over the 1024.50-1025.25 resistance, then it promptly
reversed and dropped to 1020.50 in 15 minutes before a
bounce. The bounce didn't stick and one more push lower to
1019.00 occurred and then the move reversed. The rally off
the 1019.00 low failed 3 times at 1025.50, setting up
another short and we covered at 1021 per an instant message
sent at 11:54 am. Then 1023.50 became important resistance.
A bounce reached 1023.50 exactly, and then turned back down
3+ points to 1020.25. In the last hour the 1025.25-1025.50
area was a lid, with the ES pulling back 3 points and then 2
points from the 1025.25 and 1025.50 levels. The ES then
bounced to 1025.25 again before settlement.
Many of the short term internal gauges are now overbought.
Also, the Vix reversed on Tuesday and closed up on an up day
for the market. That reversal in sentiment is a short term
negative for the market. Also, the market opened on its
highs on Tuesday and that 1025.25-1025.75 zone was rejected
all afternoon on Tuesday. The ES had just a 6.75 point range
excluding the gap on Tuesday, and a narrow range at the top
of a trend tends to be a precursor of a change of direction.
On Wednesday, look for the better opportunities to set up on
the short side. A break over the 1025.75 area is needed to
avoid reversing from up here. If the market opens higher,
and over the 1025.75 high from Tuesday, it shouldn't stay up
there for very long so be on alert for a possible "prairie
dog" pop that reverses from the 1027.75-1028.25 zone. The
volatility should pick up, so if the ES falls towards what
should be good support around the 1016.25-1015.75 area in
front of the Fed's Beige Book release (at 2 pm on Wednesday)
beware of a reversal back up. If that zone is not reversed,
then we could see the 1012.50-1011.50 area on the ES before
a turn around occurs.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
1025.25-1025.75
1027.75-1028.25
1032.00-1032.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
1023.00-1022.50
1019.75-1019.00
1016.25-1015.75
1012.50-1011.50
1007.50-1006.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1656.00-1656.75
1660.75-1662.50
1666.50-1668.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1648.75-1648.25
1644.00-1643.00
1640.50-1639.50
1631.00-1630.00
September 2009 Dow futures resistance
symbols: emini = ymu9
9502-9508
9522-9526
9568-9572
September 2009 Dow futures support
symbols: emini = ymu9
9478-9474
9452-9448
9435-9431
9382-9378
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
9 / 8 / 2009
(Published Since 1996)
...............................................
Dateline: 6:03 pm eastern time, 9/8/2009
The ES opened up 11.50 points on Tuesday, and just a tick
over the 1024.50-1025.25 resistance, then it promptly
reversed and dropped to 1020.50 in 15 minutes before a
bounce. The bounce didn't stick and one more push lower to
1019.00 occurred and then the move reversed. The rally off
the 1019.00 low failed 3 times at 1025.50, setting up
another short and we covered at 1021 per an instant message
sent at 11:54 am. Then 1023.50 became important resistance.
A bounce reached 1023.50 exactly, and then turned back down
3+ points to 1020.25. In the last hour the 1025.25-1025.50
area was a lid, with the ES pulling back 3 points and then 2
points from the 1025.25 and 1025.50 levels. The ES then
bounced to 1025.25 again before settlement.
Many of the short term internal gauges are now overbought.
Also, the Vix reversed on Tuesday and closed up on an up day
for the market. That reversal in sentiment is a short term
negative for the market. Also, the market opened on its
highs on Tuesday and that 1025.25-1025.75 zone was rejected
all afternoon on Tuesday. The ES had just a 6.75 point range
excluding the gap on Tuesday, and a narrow range at the top
of a trend tends to be a precursor of a change of direction.
On Wednesday, look for the better opportunities to set up on
the short side. A break over the 1025.75 area is needed to
avoid reversing from up here. If the market opens higher,
and over the 1025.75 high from Tuesday, it shouldn't stay up
there for very long so be on alert for a possible "prairie
dog" pop that reverses from the 1027.75-1028.25 zone. The
volatility should pick up, so if the ES falls towards what
should be good support around the 1016.25-1015.75 area in
front of the Fed's Beige Book release (at 2 pm on Wednesday)
beware of a reversal back up. If that zone is not reversed,
then we could see the 1012.50-1011.50 area on the ES before
a turn around occurs.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
1025.25-1025.75
1027.75-1028.25
1032.00-1032.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
1023.00-1022.50
1019.75-1019.00
1016.25-1015.75
1012.50-1011.50
1007.50-1006.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1656.00-1656.75
1660.75-1662.50
1666.50-1668.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1648.75-1648.25
1644.00-1643.00
1640.50-1639.50
1631.00-1630.00
September 2009 Dow futures resistance
symbols: emini = ymu9
9502-9508
9522-9526
9568-9572
September 2009 Dow futures support
symbols: emini = ymu9
9478-9474
9452-9448
9435-9431
9382-9378
---------------------------
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: 09/08/09
HOW OUR DAY WENT:
The ES opened up 11.50 points, and
just a tick over the 1024.50-1025.25 resistance, then it
promptly reversed and dropped to 1020.50 in 15 minutes
before a bounce. Then when the rally off the 1019.00 low
failed 3 times at 1025.50 it was another short and we
covered at 1021 per an instant message sent at 11:54 am.
Then 1023.50 became important resistance. A bounce reached
1023.50 exactly, and then turned back down 3+ points to
1020.25. Into the close, the 1025.25-1025.50 area was a
lid, with the ES pulling back 3 points and then 2 points
from the 1025.25 and 1025.50 levels. The ES then bounced
to 1025.25 again before settlement.
Good Trading,
Mike Reed
TradeStalker.com
The ES opened up 11.50 points, and
just a tick over the 1024.50-1025.25 resistance, then it
promptly reversed and dropped to 1020.50 in 15 minutes
before a bounce. Then when the rally off the 1019.00 low
failed 3 times at 1025.50 it was another short and we
covered at 1021 per an instant message sent at 11:54 am.
Then 1023.50 became important resistance. A bounce reached
1023.50 exactly, and then turned back down 3+ points to
1020.25. Into the close, the 1025.25-1025.50 area was a
lid, with the ES pulling back 3 points and then 2 points
from the 1025.25 and 1025.50 levels. The ES then bounced
to 1025.25 again before settlement.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/07/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 7 / 2009
(Published Since 1996)
...............................................
Dateline: 5:21 pm eastern time, 9/7/2009
Our early game-plan for Friday worked out perfectly. In the
Thursday night update I wrote:
"If there is an upside reaction in the early going, and
the move fizzles out and/or quickly reverses from the
1006.50-1007.50 on the ES, it should set up a good
shorting opportunity."
The ES popped up on the open on Friday, and after getting to
1006.75 it reversed and dropped 6 points to 1000.75 in just
10 minutes. That was a good start, and quite a few called it
a good day and left for the holiday weekend on a good
note.The reversal from just over the 1000 round number was
the start of a good rally into the afternoon. The ES rallied
to 1015.75 and stalled out. The last line in Thursday
night's update stated:
"Should the market get a good rally going and the ES
gets up to the 1014.50-1015.25, a stalling out and/or
reversal is a good setup for a shorting opportunity."
That played out well for 2 trades, as the ES fell 4.25
points to 1011.50 before turning back up. The bounce
reversed from 1015.50, and a double top at resistance gave a
relatively modest 3.00 point drop to 1012.50 before bouncing
back into the close.
Friday was a basic trend up day with the lows made in the
first hour and highs made at the close. On Tuesday we should
get a back and forth day, as back to back trend days don't
occur very often. The extreme oversold condition and the 4
Vix buy signals from last Wednesday's close have completely
worked off those extremes. If there is another decent up day
on Tuesday, the indicators will have made a round trip back
to a short term extreme overbought status. If the market
does top out up here, or move a bit higher and then turn
down, it could leave a bigger picture 1-2-3 type of top on
the daily chart. That would set the stage for a drop towards
the 975-973 area first, and possibly as far as the 958-952
old breakout area before turning back up and starting a new
bull run-up.
On Tuesday look for a shorting opportunity if there is early
strength, especially if there is a pop to test the Friday
highs that reverses. If that plays out, then the 1012.00-
1011.50 zone on the ES and 1631.00-1630.00 zone on the NQ
will need to be defended and reversed, otherwise a trading
top is in place and shorting bounces will work better. The
market may have peaked on Friday, so if buyers boycott until
the market drops to lower levels, we could see an air-pocket
type of move towards the 1007.50-1006.50 zone on the ES and
then see if the market is going to go into a range and rally
back, or completely reverse and go back to the 990's on the
ES.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
1015.75-1016.25
1019.00-1020.00
1024.50-1025.25
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
1012.50-1011.50
1007.50-1006.50
1001.50-1000.75
998.50-997.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1639.50-1640.50
1644.50-1645.25
1649.50-1651.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1631.00-1630.00
1621.00-1620.25
1615.25-1614.50
1608.25-1607.00
September 2009 Dow futures resistance
symbols: emini = ymu9
9440-9445
9485-9488
9542-9547
September 2009 Dow futures support
symbols: emini = ymu9
9408-9402
9369-9364
9319-9315
9310-9306
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
9 / 7 / 2009
(Published Since 1996)
...............................................
Dateline: 5:21 pm eastern time, 9/7/2009
Our early game-plan for Friday worked out perfectly. In the
Thursday night update I wrote:
"If there is an upside reaction in the early going, and
the move fizzles out and/or quickly reverses from the
1006.50-1007.50 on the ES, it should set up a good
shorting opportunity."
The ES popped up on the open on Friday, and after getting to
1006.75 it reversed and dropped 6 points to 1000.75 in just
10 minutes. That was a good start, and quite a few called it
a good day and left for the holiday weekend on a good
note.The reversal from just over the 1000 round number was
the start of a good rally into the afternoon. The ES rallied
to 1015.75 and stalled out. The last line in Thursday
night's update stated:
"Should the market get a good rally going and the ES
gets up to the 1014.50-1015.25, a stalling out and/or
reversal is a good setup for a shorting opportunity."
That played out well for 2 trades, as the ES fell 4.25
points to 1011.50 before turning back up. The bounce
reversed from 1015.50, and a double top at resistance gave a
relatively modest 3.00 point drop to 1012.50 before bouncing
back into the close.
Friday was a basic trend up day with the lows made in the
first hour and highs made at the close. On Tuesday we should
get a back and forth day, as back to back trend days don't
occur very often. The extreme oversold condition and the 4
Vix buy signals from last Wednesday's close have completely
worked off those extremes. If there is another decent up day
on Tuesday, the indicators will have made a round trip back
to a short term extreme overbought status. If the market
does top out up here, or move a bit higher and then turn
down, it could leave a bigger picture 1-2-3 type of top on
the daily chart. That would set the stage for a drop towards
the 975-973 area first, and possibly as far as the 958-952
old breakout area before turning back up and starting a new
bull run-up.
On Tuesday look for a shorting opportunity if there is early
strength, especially if there is a pop to test the Friday
highs that reverses. If that plays out, then the 1012.00-
1011.50 zone on the ES and 1631.00-1630.00 zone on the NQ
will need to be defended and reversed, otherwise a trading
top is in place and shorting bounces will work better. The
market may have peaked on Friday, so if buyers boycott until
the market drops to lower levels, we could see an air-pocket
type of move towards the 1007.50-1006.50 zone on the ES and
then see if the market is going to go into a range and rally
back, or completely reverse and go back to the 990's on the
ES.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
1015.75-1016.25
1019.00-1020.00
1024.50-1025.25
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
1012.50-1011.50
1007.50-1006.50
1001.50-1000.75
998.50-997.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1639.50-1640.50
1644.50-1645.25
1649.50-1651.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1631.00-1630.00
1621.00-1620.25
1615.25-1614.50
1608.25-1607.00
September 2009 Dow futures resistance
symbols: emini = ymu9
9440-9445
9485-9488
9542-9547
September 2009 Dow futures support
symbols: emini = ymu9
9408-9402
9369-9364
9319-9315
9310-9306
---------------------------
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: 09/04/09
HOW OUR DAY WENT:
Our early game-plan worked out perfectly
this morning. Last night they were told:
"If there is an upside reaction in the early going,
and the move fizzles out and/or quickly reverses from
the 1006.50-1007.50 on the ES, it should set up a good
shorting opportunity."
The ES popped up on the open and after getting to 1006.75,
it reversed and dropped 6 points to 1000.75 in just 10
minutes. That was a good start, and quite a few called it
a good day and left for the holiday weekend on a good note.
That reversal from just over the 1000 round number was the
start of a good rally into the afternoon. The ES rallied
to 1015.75 and stalled out. The last line in last night's
update stated:
"Should the market get a good rally going and the ES gets
up to the 1014.50-1015.25, a stalling out and/or reversal
is a good setup for a shorting opportunity."
That played out well, as the ES fell 4.25 points to 1011.50
before turning back up. The bounce reversed from 1015.50,
and a double top at resistance gave a relatively modest 3
point drop before bouncing back. Enjoy your weekend! Join
today as we will be ready for the action to resume on
Thursday.
Good Trading,
Mike Reed
TradeStalker.com
Our early game-plan worked out perfectly
this morning. Last night they were told:
"If there is an upside reaction in the early going,
and the move fizzles out and/or quickly reverses from
the 1006.50-1007.50 on the ES, it should set up a good
shorting opportunity."
The ES popped up on the open and after getting to 1006.75,
it reversed and dropped 6 points to 1000.75 in just 10
minutes. That was a good start, and quite a few called it
a good day and left for the holiday weekend on a good note.
That reversal from just over the 1000 round number was the
start of a good rally into the afternoon. The ES rallied
to 1015.75 and stalled out. The last line in last night's
update stated:
"Should the market get a good rally going and the ES gets
up to the 1014.50-1015.25, a stalling out and/or reversal
is a good setup for a shorting opportunity."
That played out well, as the ES fell 4.25 points to 1011.50
before turning back up. The bounce reversed from 1015.50,
and a double top at resistance gave a relatively modest 3
point drop before bouncing back. Enjoy your weekend! Join
today as we will be ready for the action to resume on
Thursday.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/03/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 3 / 2009
(Published Since 1996)
...............................................
Dateline: 6:21 pm eastern time, 9/3/2009
The market opened higher on Thursday, and that is when the
highs were made as the ES dropped from 1001.50 (2 ticks
under 1002 resistance) to the 991.75-991.00 support zone in
the first hour. Off of the 991.50 low, the ES rallied back
to 998.50 and then backed off. The pullback held at 995.50
and that was the same range as we had on Thursday afternoon.
A bounce to the 998.50-999.50 "sell zone" stalled out, and a
reversal from 999.00 started a drop to down to 994.25. The
market quickly turned back up, and then pushed through the
996.50 level. A small pullback held right at 996.50, and
then with 30 minutes left in stock trading they rallied up
to 1003.00 by the close.
On Friday there will not be any intraday updates. Most
of the action should occur in the first 90 minutes, and
then thin out the rest of the day. Have a great Labor
Day holiday! The next update will be sent on Monday
night.
The Employment data will be the market mover on Friday.
Right now there is a double bottom at the 991.75-991.00
support zone on the ES, so no serious damage is done unless
that area does not hold. Still, the market should have a
good deal of resistance above if the market rallies in the
early going on Friday. If there is an upside reaction in the
early going, and the move fizzles out and/or quickly
reverses from the 1006.50-1007.50 on the ES, it should set
up a good shorting opportunity. If the market opens lower,
then the ES will need to hold the 998.50-997.75 area,
otherwise a top is likely in place and bounces should have a
hard time holding. Should the market get a good rally going
and the ES gets up to the 1014.50-1015.25, a stalling out
and/or reversal is a good setup for a shorting opportunity.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
1002.75-1003.25
1006.50-1007.50
1011.50-1012.00
1014.50-1015.25 ** key
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
998.50-997.75
991.75-991.00
986.00-985.25
975.50-974.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1606.50-1607.50
1611.50-1612.50
1619.75-1620.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1598.25-1597.50
1585.50-1584.50
1577.50-1576.75
1568.75-1567.50
September 2009 Dow futures resistance
symbols: emini = ymu9
9341-9347
9382-9386
9419-9423
September 2009 Dow futures support
symbols: emini = ymu9
9310-9306
9252-9247
9218-9212
9098-9091
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
9 / 3 / 2009
(Published Since 1996)
...............................................
Dateline: 6:21 pm eastern time, 9/3/2009
The market opened higher on Thursday, and that is when the
highs were made as the ES dropped from 1001.50 (2 ticks
under 1002 resistance) to the 991.75-991.00 support zone in
the first hour. Off of the 991.50 low, the ES rallied back
to 998.50 and then backed off. The pullback held at 995.50
and that was the same range as we had on Thursday afternoon.
A bounce to the 998.50-999.50 "sell zone" stalled out, and a
reversal from 999.00 started a drop to down to 994.25. The
market quickly turned back up, and then pushed through the
996.50 level. A small pullback held right at 996.50, and
then with 30 minutes left in stock trading they rallied up
to 1003.00 by the close.
On Friday there will not be any intraday updates. Most
of the action should occur in the first 90 minutes, and
then thin out the rest of the day. Have a great Labor
Day holiday! The next update will be sent on Monday
night.
The Employment data will be the market mover on Friday.
Right now there is a double bottom at the 991.75-991.00
support zone on the ES, so no serious damage is done unless
that area does not hold. Still, the market should have a
good deal of resistance above if the market rallies in the
early going on Friday. If there is an upside reaction in the
early going, and the move fizzles out and/or quickly
reverses from the 1006.50-1007.50 on the ES, it should set
up a good shorting opportunity. If the market opens lower,
then the ES will need to hold the 998.50-997.75 area,
otherwise a top is likely in place and bounces should have a
hard time holding. Should the market get a good rally going
and the ES gets up to the 1014.50-1015.25, a stalling out
and/or reversal is a good setup for a shorting opportunity.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
1002.75-1003.25
1006.50-1007.50
1011.50-1012.00
1014.50-1015.25 ** key
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
998.50-997.75
991.75-991.00
986.00-985.25
975.50-974.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1606.50-1607.50
1611.50-1612.50
1619.75-1620.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1598.25-1597.50
1585.50-1584.50
1577.50-1576.75
1568.75-1567.50
September 2009 Dow futures resistance
symbols: emini = ymu9
9341-9347
9382-9386
9419-9423
September 2009 Dow futures support
symbols: emini = ymu9
9310-9306
9252-9247
9218-9212
9098-9091
---------------------------
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: 09/03/09
HOW OUR DAY WENT:
The early strength double topped just
2 ticks under the 1002.00-1002.75 resistance zone, then
the ES fell 10 points to the 991.75-991.00 support zone.
A nice start to the day. The ES rallied back to 998.50
and then members were given 998.50-999.50 as a shorting
zone. A bounce to 999.00 stalled and turned down, going
to 994.25.I sent an I.M. to cover shorts at 994.50 on
the way down, a very good exit. The break over 996.50
then held on a pullback with 30 minutes left, so the
rally to 1003.00 set up as 996.50 was broken and held
on the pullback.
Good Trading,
Mike Reed
TradeStalker.com
The early strength double topped just
2 ticks under the 1002.00-1002.75 resistance zone, then
the ES fell 10 points to the 991.75-991.00 support zone.
A nice start to the day. The ES rallied back to 998.50
and then members were given 998.50-999.50 as a shorting
zone. A bounce to 999.00 stalled and turned down, going
to 994.25.I sent an I.M. to cover shorts at 994.50 on
the way down, a very good exit. The break over 996.50
then held on a pullback with 30 minutes left, so the
rally to 1003.00 set up as 996.50 was broken and held
on the pullback.
Good Trading,
Mike Reed
TradeStalker.com
Wednesday, September 02, 2009
TradeStalker's RBI Update 09/02/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 2 / 2009
(Published Since 1996)
...............................................
Dateline: 6:06 pm eastern time, 9/2/2009
Early weakness set up the buying opportunity we were looking
for Wednesday morning, as the ES reversed from 1 tick over
the 991.75-991.00 support zone. From 992.00, the ES ran up
to 998.50 in the first 30 minutes and the move fizzled then
reversed.A quick drop to 991.00 followed, and the ES
immediately turned back up. The rebound took the ES up to
999.50 and that was also unable to stick. The market then
churned sideways between the 998.50-999.50 resistance and
just over the 995.00-994.50 support. That action continued
into the last hour, but the support was broken and the ES
went down to 992.75 before the close.
The daily indicators are very oversold on the short term,
and the Vix closed lower which gave several Vix buy signals.
This could set the stage for a decent rally, however the way
the market is acting, it looks like there is more to go on
the downside before we get a snap-back rally. At the moment,
it looks like the best the ES would be able to do is rally
13 points off of whatever the low turns out to be. So far
991.00 is the pullback low, so if there is a decent run-up
that takes out the initial resistance areas, 1004 area looks
like the maximum on a rally from here.
On Thursday we get Initial Claims before the open and then
ISM number 30 minutes into the day. If the market opens
lower beware of a reversal to set up a quick trade on the
long side. If that plays out, the bounce likely will not be
able to stick and will be a shorting opportunity if the move
fizzles out below the 998.50-999.50 area. If the ES can not
hold the 991.75-991.00 area, then we could see the 986.00-
985.00 zone tested, which is an area that could be reversed.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
999.00-999.75
1002.00-1002.75
1006.50-1007.50
1011.50-1012.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
991.75-991.00
986.00-985.25
975.50-974.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1602.00-1602.50
1605.00-1605.50
1611.50-1612.50
1619.75-1620.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1585.50-1584.75
1577.50-1576.75
1568.75-1567.50
September 2009 Dow futures resistance
symbols: emini = ymu9
9324-9327
9337-9341
9382-9386
9419-9423
September 2009 Dow futures support
symbols: emini = ymu9
9260-9258
9218-9212
9098-9091
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
9 / 2 / 2009
(Published Since 1996)
...............................................
Dateline: 6:06 pm eastern time, 9/2/2009
Early weakness set up the buying opportunity we were looking
for Wednesday morning, as the ES reversed from 1 tick over
the 991.75-991.00 support zone. From 992.00, the ES ran up
to 998.50 in the first 30 minutes and the move fizzled then
reversed.A quick drop to 991.00 followed, and the ES
immediately turned back up. The rebound took the ES up to
999.50 and that was also unable to stick. The market then
churned sideways between the 998.50-999.50 resistance and
just over the 995.00-994.50 support. That action continued
into the last hour, but the support was broken and the ES
went down to 992.75 before the close.
The daily indicators are very oversold on the short term,
and the Vix closed lower which gave several Vix buy signals.
This could set the stage for a decent rally, however the way
the market is acting, it looks like there is more to go on
the downside before we get a snap-back rally. At the moment,
it looks like the best the ES would be able to do is rally
13 points off of whatever the low turns out to be. So far
991.00 is the pullback low, so if there is a decent run-up
that takes out the initial resistance areas, 1004 area looks
like the maximum on a rally from here.
On Thursday we get Initial Claims before the open and then
ISM number 30 minutes into the day. If the market opens
lower beware of a reversal to set up a quick trade on the
long side. If that plays out, the bounce likely will not be
able to stick and will be a shorting opportunity if the move
fizzles out below the 998.50-999.50 area. If the ES can not
hold the 991.75-991.00 area, then we could see the 986.00-
985.00 zone tested, which is an area that could be reversed.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
999.00-999.75
1002.00-1002.75
1006.50-1007.50
1011.50-1012.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
991.75-991.00
986.00-985.25
975.50-974.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1602.00-1602.50
1605.00-1605.50
1611.50-1612.50
1619.75-1620.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1585.50-1584.75
1577.50-1576.75
1568.75-1567.50
September 2009 Dow futures resistance
symbols: emini = ymu9
9324-9327
9337-9341
9382-9386
9419-9423
September 2009 Dow futures support
symbols: emini = ymu9
9260-9258
9218-9212
9098-9091
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: 09/02/09
HOW OUR DAY WENT:
We came into Wednesday wanting to buy
early weakness to start. The ES opened lower and went
to 992.00 (the first support under Tuesday's low was at
the 991.75-991.00 area) and reversed and rallied 6.50
points to 998.50 before reversing. The ES then fell to
the 991.00 support and quickly turned. That set up a
rally to 999.50 and the market backed off. Then new
resistance and support areas were given, and the new
998.50-999.50 sell zone was reached and rejected 4 times
while the new support at 995.00-994.50 area held 3 times
going into the last 10 minutes of trading, as the ES went
to 992.75 before the close.
Good Trading,
Mike Reed
TradeStalker.com
We came into Wednesday wanting to buy
early weakness to start. The ES opened lower and went
to 992.00 (the first support under Tuesday's low was at
the 991.75-991.00 area) and reversed and rallied 6.50
points to 998.50 before reversing. The ES then fell to
the 991.00 support and quickly turned. That set up a
rally to 999.50 and the market backed off. Then new
resistance and support areas were given, and the new
998.50-999.50 sell zone was reached and rejected 4 times
while the new support at 995.00-994.50 area held 3 times
going into the last 10 minutes of trading, as the ES went
to 992.75 before the close.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/01/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 1 / 2009
(Published Since 1996)
...............................................
Dateline: 6:36 pm eastern time, 9/1/2009
We were looking to buy a lower open and the ES reversed from
a dead hit of the 1014.75-1014.25 support. The ES rallied 13
points in 40 minutes and then reversed. Off of the 1027.75
high, the ES pulled back. Updated resistance at 1024.50-
1025.00 was touched and reversed, and then the bottom fell
out. After falling another 24 points the ES reversed from
1000.25. Updated resistance was given at 1005.25-1006.00,
and the ES popped up to 1005.25 and stalled. 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.
The market was hit very hard, and if not for being 2 days
off of the highs it would be a bullish setup. The closing
Trin at 3.56 is an extreme that can mark bottoms. Also, the
Vix jumped 12% as the sentiment changed fast. It looks like
there was too much damage done short term, so don't expect
bounces to stick on Wednesday.
On Wednesday the initial resistance areas need to be
exceeded, and then held on a pullback, to get anything going
on the upside. If there is early weakness, it should set up
a buying opportunity, but it won't stick unless the initial
resistance breaks and holds.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
1002.00-1002.75
1006.50-1007.50
1011.50-1012.00
1014.50-1015.00 ** key
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
995.25
991.75-991.00
986.00-985.25
975.50-974.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1602.00-1602.50
1611.50-1612.50
1619.75-1620.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1590.25
1585.50-1584.75
1577.50-1576.75
1568.75-1567.50
September 2009 Dow futures resistance
symbols: emini = ymu9
9333-9337
9382-9386
9419-9423
September 2009 Dow futures support
symbols: emini = ymu9
9284
9239-9234
9208-9202
9098-9091
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.
www.TradeStalker.com
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
9 / 1 / 2009
(Published Since 1996)
...............................................
Dateline: 6:36 pm eastern time, 9/1/2009
We were looking to buy a lower open and the ES reversed from
a dead hit of the 1014.75-1014.25 support. The ES rallied 13
points in 40 minutes and then reversed. Off of the 1027.75
high, the ES pulled back. Updated resistance at 1024.50-
1025.00 was touched and reversed, and then the bottom fell
out. After falling another 24 points the ES reversed from
1000.25. Updated resistance was given at 1005.25-1006.00,
and the ES popped up to 1005.25 and stalled. 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.
The market was hit very hard, and if not for being 2 days
off of the highs it would be a bullish setup. The closing
Trin at 3.56 is an extreme that can mark bottoms. Also, the
Vix jumped 12% as the sentiment changed fast. It looks like
there was too much damage done short term, so don't expect
bounces to stick on Wednesday.
On Wednesday the initial resistance areas need to be
exceeded, and then held on a pullback, to get anything going
on the upside. If there is early weakness, it should set up
a buying opportunity, but it won't stick unless the initial
resistance breaks and holds.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
1002.00-1002.75
1006.50-1007.50
1011.50-1012.00
1014.50-1015.00 ** key
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
995.25
991.75-991.00
986.00-985.25
975.50-974.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1602.00-1602.50
1611.50-1612.50
1619.75-1620.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1590.25
1585.50-1584.75
1577.50-1576.75
1568.75-1567.50
September 2009 Dow futures resistance
symbols: emini = ymu9
9333-9337
9382-9386
9419-9423
September 2009 Dow futures support
symbols: emini = ymu9
9284
9239-9234
9208-9202
9098-9091
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.
www.TradeStalker.com
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Tuesday, September 01, 2009
Today's Trading Recap: 09/01/09
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
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
TradeStalker's RBI Update 08/31/09
.................................................
TradeStalker's
R.B.I. Trader's Update
8 / 31 / 2009
(Published Since 1996)
...............................................
Dateline: 6:08 pm eastern time, 8/31/2009
The market gapped down on Monday and under the key support,
and kept dropping until the 1014.75-1014.00 area was broken
by a bit, and then reversed. This was in line with what I
wrote on Sunday night, stating:
"If there is a sharp drop from under the 1030 level,
then the 1014.75-1014.00 area could be broken by a bit
before the move either reverses or accelerates."
The ES fell to 1013.25 in the first 30 minutes, and then
reversed. After the bounce started I sent an instant message
stating:
(Aug 31-10:35) mike: a pop to 1019.50 is resist / short
if it in the next 10 minutes
The ES popped to 1019.50 a few minutes later, then dropped
4.00 points to 1015.50. The Instant Messages are a nice
addition for members, as more timely notes can be sent as
time allows me. In any case, the ES based out at the
1014.75-1014.25 area and then popped higher. The first pop
reversed at the 1019.75 level, then pulled back quickly. The
drop held at the 1014.75 level and then they rallied to a
new high for the day at the close.
The daily charts are looking toppy, and the late day bounce
appeared to be end of month induced. The upside should be
limited unless there is a bullish spark. The 1014.75-1014.25
area on the ES will need to hold on a pullback, otherwise
things will being to break down in a bigger way. At the
moment it looks like a rally back towards the 1029.25-
1030.00 zone on the ES may be asking too much, but if there
is a rally back to that area and it stalls/ reverses, it
would set up a very good shorting opportunity.
On Tuesday we get the ISM Index 30 minutes into the trading
day. If the market opens higher, look for a shorting
opportunity as soon as upside momentum fizzles. If the ES
pops up to 1024.50-1025.00 on the open and is rejected, it
will be a sign of weakness and the short side should set up
from there. On the other side, if the market opens lower,
look for a reversal from 1015.00 or above to set up a trade
on the long side. For now keep long trades on a tight leash
as the market is still vulnerable coming off of an August
high.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
1022.00-1022.50
1029.25-1030.00
1032.50-1033.25
1038.25-1038.75
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
1014.75-1014.25
1012.50
1008.00-1007.25
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1628.00-1628.75
1637.25-1638.50
1647.25-1648.50
1662.00-1662.50
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1617.50-1616.75
1610.50
1604.50-1603.50
September 2009 Dow futures resistance
symbols: emini = ymu9
9508-9511
9547-9551
9574-9577
9628-9633
September 2009 Dow futures support
symbols: emini = ymu9
9440-9336
9418
9374-9370
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.
www.TradeStalker.com
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
8 / 31 / 2009
(Published Since 1996)
...............................................
Dateline: 6:08 pm eastern time, 8/31/2009
The market gapped down on Monday and under the key support,
and kept dropping until the 1014.75-1014.00 area was broken
by a bit, and then reversed. This was in line with what I
wrote on Sunday night, stating:
"If there is a sharp drop from under the 1030 level,
then the 1014.75-1014.00 area could be broken by a bit
before the move either reverses or accelerates."
The ES fell to 1013.25 in the first 30 minutes, and then
reversed. After the bounce started I sent an instant message
stating:
(Aug 31-10:35) mike: a pop to 1019.50 is resist / short
if it in the next 10 minutes
The ES popped to 1019.50 a few minutes later, then dropped
4.00 points to 1015.50. The Instant Messages are a nice
addition for members, as more timely notes can be sent as
time allows me. In any case, the ES based out at the
1014.75-1014.25 area and then popped higher. The first pop
reversed at the 1019.75 level, then pulled back quickly. The
drop held at the 1014.75 level and then they rallied to a
new high for the day at the close.
The daily charts are looking toppy, and the late day bounce
appeared to be end of month induced. The upside should be
limited unless there is a bullish spark. The 1014.75-1014.25
area on the ES will need to hold on a pullback, otherwise
things will being to break down in a bigger way. At the
moment it looks like a rally back towards the 1029.25-
1030.00 zone on the ES may be asking too much, but if there
is a rally back to that area and it stalls/ reverses, it
would set up a very good shorting opportunity.
On Tuesday we get the ISM Index 30 minutes into the trading
day. If the market opens higher, look for a shorting
opportunity as soon as upside momentum fizzles. If the ES
pops up to 1024.50-1025.00 on the open and is rejected, it
will be a sign of weakness and the short side should set up
from there. On the other side, if the market opens lower,
look for a reversal from 1015.00 or above to set up a trade
on the long side. For now keep long trades on a tight leash
as the market is still vulnerable coming off of an August
high.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
1022.00-1022.50
1029.25-1030.00
1032.50-1033.25
1038.25-1038.75
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
1014.75-1014.25
1012.50
1008.00-1007.25
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1628.00-1628.75
1637.25-1638.50
1647.25-1648.50
1662.00-1662.50
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1617.50-1616.75
1610.50
1604.50-1603.50
September 2009 Dow futures resistance
symbols: emini = ymu9
9508-9511
9547-9551
9574-9577
9628-9633
September 2009 Dow futures support
symbols: emini = ymu9
9440-9336
9418
9374-9370
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.
www.TradeStalker.com
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 08/31/09
HOW OUR DAY WENT:
The market opened under the key support
and it brought on what members were told to expect last night:
"If there is a sharp drop from under the 1030 level, then
the 1014.75-1014.00 area could be broken by a bit before
the move either reverses or accelerates."
The ES fell to 1013.25, and then reversed. Members were
sent this IM after the bounce started:
(Aug 31-10:35) mike: a pop to 1019.50 is resist / short
if it in the next 10 minutes
The ES popped to 1019.50 a few minutes later, then
dropped 4.00 points to 1015.50. The Instant Messages are
a nice addition for Real Time members, at no extra cost!!!
Good Trading,
Mike Reed
TradeStalker.com
The market opened under the key support
and it brought on what members were told to expect last night:
"If there is a sharp drop from under the 1030 level, then
the 1014.75-1014.00 area could be broken by a bit before
the move either reverses or accelerates."
The ES fell to 1013.25, and then reversed. Members were
sent this IM after the bounce started:
(Aug 31-10:35) mike: a pop to 1019.50 is resist / short
if it in the next 10 minutes
The ES popped to 1019.50 a few minutes later, then
dropped 4.00 points to 1015.50. The Instant Messages are
a nice addition for Real Time members, at no extra cost!!!
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 08/30/09
.................................................
TradeStalker's
R.B.I. Trader's Update
8 / 30 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 8/30/2009
On Thursday night I wrote:
"On Friday look for early strength to be sold as
soon as the upside stalls, especially if that
occurs in the first 20-40 minutes of trading and
the ES runs up to test the 1038 area."
The ES gapped up, reached 1038.75, then reversed. A trend-
down move lasted until just after noon when the ES turned up
from 1022.00. A pop to 1025.00 failed, then the ES pulled
back and reversed from a higher low at 1023.00. That made a
1-2-3 bottom pattern, and the ES rallied to 1028.75. A
pullback held the 1025 pivotal area, and then the ES ran up
to 1029.75 and stalled. That set up one more test of the
1025 area on the ES and 9520 on the Dow cash, then they
bounced back up into the close.
The SP500 cash has closed between 1025.57 and 1030.98 for 6
days in a row, and should begin to move away from that area
soon. The daily indicators are still in neutral, and the Vix
didn't stray too far away from the 25 level all week.
Normally when volatility shrinks at the top of a move, it
sets up a reversal. With a couple of sizable drops and a
couple of nice rallies at the end of last week, the market
should soon make a break and stick.
On Friday afternoon the market held the 1025 level on the ES
and also the 9520 level on the Dow cash. As long as those
are defended, nothing bad happens and a move back towards
the double top at the 1038-1039 area on the ES is possible.
If those levels are broken, then the market would be rolling
back over. If there is a sharp drop from under the 1030
level, then the 1014.75-1014.00 area could be broken by a
bit before the move either reverses or accelerates.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
1029.25-1030.00
1032.50-1033.25
1038.25-1038.75
1043.00-1043.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
1025.50-1025.00
1022.00
1020.75-1020.25
1017.50-1017.00
1014.75-1014.00
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1647.25-1648.50
1655.50-1656.25
1662.00-1662.50
1668.50-1669.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1637.75-1636.75
1631.50
1627.25-1626.50
1622.50-1621.75
1618.50-1617.75
September 2009 Dow futures resistance
symbols: emini = ymu9
9547-9551
9574-9577
9628-9633
9689-9693
September 2009 Dow futures support
symbols: emini = ymu9
9513-9508
9485
9475-9472
9448-9443
9420-9416
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.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
8 / 30 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 8/30/2009
On Thursday night I wrote:
"On Friday look for early strength to be sold as
soon as the upside stalls, especially if that
occurs in the first 20-40 minutes of trading and
the ES runs up to test the 1038 area."
The ES gapped up, reached 1038.75, then reversed. A trend-
down move lasted until just after noon when the ES turned up
from 1022.00. A pop to 1025.00 failed, then the ES pulled
back and reversed from a higher low at 1023.00. That made a
1-2-3 bottom pattern, and the ES rallied to 1028.75. A
pullback held the 1025 pivotal area, and then the ES ran up
to 1029.75 and stalled. That set up one more test of the
1025 area on the ES and 9520 on the Dow cash, then they
bounced back up into the close.
The SP500 cash has closed between 1025.57 and 1030.98 for 6
days in a row, and should begin to move away from that area
soon. The daily indicators are still in neutral, and the Vix
didn't stray too far away from the 25 level all week.
Normally when volatility shrinks at the top of a move, it
sets up a reversal. With a couple of sizable drops and a
couple of nice rallies at the end of last week, the market
should soon make a break and stick.
On Friday afternoon the market held the 1025 level on the ES
and also the 9520 level on the Dow cash. As long as those
are defended, nothing bad happens and a move back towards
the double top at the 1038-1039 area on the ES is possible.
If those levels are broken, then the market would be rolling
back over. If there is a sharp drop from under the 1030
level, then the 1014.75-1014.00 area could be broken by a
bit before the move either reverses or accelerates.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
1029.25-1030.00
1032.50-1033.25
1038.25-1038.75
1043.00-1043.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
1025.50-1025.00
1022.00
1020.75-1020.25
1017.50-1017.00
1014.75-1014.00
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1647.25-1648.50
1655.50-1656.25
1662.00-1662.50
1668.50-1669.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1637.75-1636.75
1631.50
1627.25-1626.50
1622.50-1621.75
1618.50-1617.75
September 2009 Dow futures resistance
symbols: emini = ymu9
9547-9551
9574-9577
9628-9633
9689-9693
September 2009 Dow futures support
symbols: emini = ymu9
9513-9508
9485
9475-9472
9448-9443
9420-9416
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.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 08/28/09
HOW OUR DAY WENT:
We finished the week with a great early
trade. Last night members were told:
"On Friday look for early strength to be sold as soon as
the upside stalls, especially if that occurs in the first
20-40 minutes of trading and the ES runs up to test the
1038 area."
The ES gapped up, reached 1038.75, then reversed. A trend-
down move lasted until just after noon when the ES turned up
from 1022.00. A pop to 1025.00 failed, then the ES pulled back
and reversed from a higher low. That was 123 bottom, and the
ES rallied to 1028.75. Then, to finish the day the group was
told that 1025 on the ES and 9520 on the Dow were pivotal...
both were tested and reversed and the ES ran up to 1029.75
Good Trading,
Mike Reed
TradeStalker.com
We finished the week with a great early
trade. Last night members were told:
"On Friday look for early strength to be sold as soon as
the upside stalls, especially if that occurs in the first
20-40 minutes of trading and the ES runs up to test the
1038 area."
The ES gapped up, reached 1038.75, then reversed. A trend-
down move lasted until just after noon when the ES turned up
from 1022.00. A pop to 1025.00 failed, then the ES pulled back
and reversed from a higher low. That was 123 bottom, and the
ES rallied to 1028.75. Then, to finish the day the group was
told that 1025 on the ES and 9520 on the Dow were pivotal...
both were tested and reversed and the ES ran up to 1029.75
Good Trading,
Mike Reed
TradeStalker.com
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