HOW OUR DAY WENT:
The lower open on the Job's numbers was
reversed from 1132.00 (just 1 tick over our 1131.75-1131.25
support zone) and it set up a trade on the long side. The
ES rallied to 1138.50 (a direct hit at the 1138.50-1139.00
resistance zone) and pulled back to the 1136.00 updated
support and based out. With less than 30 minutes left the
ES took out 1138.50 and that gave us the run up to our 1141-
1143 key zone just before the close. Volatility is surely
back, start the week with our group as next week should be
full of opportunity!
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Sunday, January 10, 2010
TradeStalker's RBI Update 01/07/10
.................................................
TradeStalker's
R.B.I. Trader's Update
1 / 7 / 2010
(Published Since 1996)
...............................................
Dateline: 6:10 pm eastern time, 1/7/2010
The early weakness on Thursday took the ES to the 1128
support and it quickly reversed, setting up a trade for a
bounce. The ES ran up to the 1135.00 resistance and then
pulled back. Then the ES broke 1131 and held that level on a
dip, keeping upside intact. After running to 1138.50, the ES
dropped right to the 1134.50 updated support where buying
came in and gave the market a run back to test the highs by
the close.
The Dow and SP500 both made new intraday and closing highs
for this bull market move. The Nasdaq averages did not. The
internal gauges mostly backed out of extreme overbought
territory on Thursday. The sentiment is still extremely
bullish, and the crowd being so bullish at new highs is kind
of scary. The exit door could get crowed if a dose of bad
news hits at this juncture. If not, a pop to the 1141-1143
area on the ES is still a possibility before there is a
sharp, or prolonged, downdraft.
We get the Employment numbers on Friday. Look to sell early
strength, and then if the market obliges and sells off, the
1134.75-1134.25 area on the ES then would need to hold on
the first good pullback to keep a good uptrend intact. If
that area on the ES, along with the 1870.25-1869.50 area on
the NQ, can not hold then the market could be rolling over.
If that is the case, then the key support to end the week is
at 1126.00-1125.00 zone.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1138.50-1139.00
1141.00-1143.00
1146.50-1148.00
1151.75-1152.25
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1134.75-1134.25
1131.75-1131.25
1126.00-1125.00
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1879.50-1880.50
1883.50-1885.25
1889.75-1890.50
1896.50-1897.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1870.25-1869.50
1866.25-1865.75
1858.50-1857.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10558-10563
10582-10586
10618-10621
10674-10678
March 2010 Dow futures support
symbols: emini = ymh0
10523-10520
10495-10491
10441-10438
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
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
1 / 7 / 2010
(Published Since 1996)
...............................................
Dateline: 6:10 pm eastern time, 1/7/2010
The early weakness on Thursday took the ES to the 1128
support and it quickly reversed, setting up a trade for a
bounce. The ES ran up to the 1135.00 resistance and then
pulled back. Then the ES broke 1131 and held that level on a
dip, keeping upside intact. After running to 1138.50, the ES
dropped right to the 1134.50 updated support where buying
came in and gave the market a run back to test the highs by
the close.
The Dow and SP500 both made new intraday and closing highs
for this bull market move. The Nasdaq averages did not. The
internal gauges mostly backed out of extreme overbought
territory on Thursday. The sentiment is still extremely
bullish, and the crowd being so bullish at new highs is kind
of scary. The exit door could get crowed if a dose of bad
news hits at this juncture. If not, a pop to the 1141-1143
area on the ES is still a possibility before there is a
sharp, or prolonged, downdraft.
We get the Employment numbers on Friday. Look to sell early
strength, and then if the market obliges and sells off, the
1134.75-1134.25 area on the ES then would need to hold on
the first good pullback to keep a good uptrend intact. If
that area on the ES, along with the 1870.25-1869.50 area on
the NQ, can not hold then the market could be rolling over.
If that is the case, then the key support to end the week is
at 1126.00-1125.00 zone.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1138.50-1139.00
1141.00-1143.00
1146.50-1148.00
1151.75-1152.25
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1134.75-1134.25
1131.75-1131.25
1126.00-1125.00
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1879.50-1880.50
1883.50-1885.25
1889.75-1890.50
1896.50-1897.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1870.25-1869.50
1866.25-1865.75
1858.50-1857.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10558-10563
10582-10586
10618-10621
10674-10678
March 2010 Dow futures support
symbols: emini = ymh0
10523-10520
10495-10491
10441-10438
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
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: 01/07/10
HOW OUR DAY WENT:
The early weakness took the ES to the
1128 support and it quickly reversed setting up a trade for
a bounce. The ES ran up to the 1135.00 resistance and then
pulled back. Then the ES broke 1131 and held that on a dip,
keeping upside intact. After running to 1138.50, the ES
dropped right to the 1134.50 updated support where buying
came in and gave us a run back to test the high.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The early weakness took the ES to the
1128 support and it quickly reversed setting up a trade for
a bounce. The ES ran up to the 1135.00 resistance and then
pulled back. Then the ES broke 1131 and held that on a dip,
keeping upside intact. After running to 1138.50, the ES
dropped right to the 1134.50 updated support where buying
came in and gave us a run back to test the high.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Wednesday, January 06, 2010
TradeStalker's RBI Update 01/06/10
.................................................
TradeStalker's
R.B.I. Trader's Update
1 / 6 / 2010
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 1/6/2010
The ES popped up to the 1132.50 on the open (1132.50-1133.00
initial resistance) and quickly dropped to 1129.75 (1130.00-
1129.50 initial support) before bouncing back. Per the 2nd
intraday update, the rest of the day was "a choppy day with
new highs sold and the pullbacks are bought. The 1135.50
high was 1 tick under important resistance and the market
backed off as expected before the close.
The market might have higher to go, but the risk/reward up
here doesn't look very favorable at the moment. The very
short term internal gauges are overbought, with my RBI
Oscillator just turning from Sell territory. Along with
that, my 3 day thrust oscillator at +.60 (normal overbought
is +/- .50). Also, the sentiment is very bullish, and as a
contrary indicator that's not a great backdrop for higher
prices. In addition to that, the Vix made back-to-back new
52 week lows on Tuesday and Wednesday. If the Vix reverses
and closes up on Thursday it could give a number of sell
signals.
That said, the market really hasn't done anything wrong just
yet, and still has an outside chance to rally towards the
1141-1143 area on the ES. It looks like the upside should be
okay as long as the 1131.50-1130.75 area is defended, along
with the 10560 level on the Dow cash. If those areas are not
held, or quickly reversed if broken, then the bounces are
not likely going to stick. In fact, if the market does put
together a rally but it stalls out in new high ground, it
should set up at least a scalp on the short side the way the
market has been acting.
We get the Initial Claims before the open on Thursday, and
on Friday we get the Employment data before the open, so
another two-sided day is expected. The short side should
give the "easier" opportunities if there is a pop to around
the Wednesday highs, or a bit higher. On a pullback, expect
a bounce to occur unless the initial support areas are
broken and not quickly reversed.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1135.50
1136.50-1137.00
1141.00-1143.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1131.50-1130.75
1128.00
1126.00-1125.00
1122.00-1121.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1890.25
1894.00-1894.50
1900.50-1904.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1873.25-1872.25
1869.25
1864.50-1864.00
1858.50-1857.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10544
10554-10558
10611-10616
March 2010 Dow futures support
symbols: emini = ymh0
10494-10490
10478
10461-10455
10425-10421
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
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
1 / 6 / 2010
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 1/6/2010
The ES popped up to the 1132.50 on the open (1132.50-1133.00
initial resistance) and quickly dropped to 1129.75 (1130.00-
1129.50 initial support) before bouncing back. Per the 2nd
intraday update, the rest of the day was "a choppy day with
new highs sold and the pullbacks are bought. The 1135.50
high was 1 tick under important resistance and the market
backed off as expected before the close.
The market might have higher to go, but the risk/reward up
here doesn't look very favorable at the moment. The very
short term internal gauges are overbought, with my RBI
Oscillator just turning from Sell territory. Along with
that, my 3 day thrust oscillator at +.60 (normal overbought
is +/- .50). Also, the sentiment is very bullish, and as a
contrary indicator that's not a great backdrop for higher
prices. In addition to that, the Vix made back-to-back new
52 week lows on Tuesday and Wednesday. If the Vix reverses
and closes up on Thursday it could give a number of sell
signals.
That said, the market really hasn't done anything wrong just
yet, and still has an outside chance to rally towards the
1141-1143 area on the ES. It looks like the upside should be
okay as long as the 1131.50-1130.75 area is defended, along
with the 10560 level on the Dow cash. If those areas are not
held, or quickly reversed if broken, then the bounces are
not likely going to stick. In fact, if the market does put
together a rally but it stalls out in new high ground, it
should set up at least a scalp on the short side the way the
market has been acting.
We get the Initial Claims before the open on Thursday, and
on Friday we get the Employment data before the open, so
another two-sided day is expected. The short side should
give the "easier" opportunities if there is a pop to around
the Wednesday highs, or a bit higher. On a pullback, expect
a bounce to occur unless the initial support areas are
broken and not quickly reversed.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1135.50
1136.50-1137.00
1141.00-1143.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1131.50-1130.75
1128.00
1126.00-1125.00
1122.00-1121.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1890.25
1894.00-1894.50
1900.50-1904.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1873.25-1872.25
1869.25
1864.50-1864.00
1858.50-1857.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10544
10554-10558
10611-10616
March 2010 Dow futures support
symbols: emini = ymh0
10494-10490
10478
10461-10455
10425-10421
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
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: 01/06/10
HOW OUR DAY WENT:
The ES popped up to the 1132.50 on the
open (1132.50-1133.00 initial resistance) and quickly
dropped to 1129.75 (1130.00-1129.50 initial support) before
bouncing back. Per the 2nd intraday update, the rest of the
day was "a choppy day with new highs sold and the pullbacks
are bought. The 1135.50 high was 1 tick under important
resistance and the market backed off as expected.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The ES popped up to the 1132.50 on the
open (1132.50-1133.00 initial resistance) and quickly
dropped to 1129.75 (1130.00-1129.50 initial support) before
bouncing back. Per the 2nd intraday update, the rest of the
day was "a choppy day with new highs sold and the pullbacks
are bought. The 1135.50 high was 1 tick under important
resistance and the market backed off as expected.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Tuesday, January 05, 2010
TradeStalker's RBI Update 01/05/10
.................................................
TradeStalker's
R.B.I. Trader's Update
1 / 5 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 1/5/2010
The opening strength on Tuesday was a short from the 1129.75-1130.50 resistance on the ES, and it fell to 1125.00 and quickly reversed. The ES then sprinted to 1132.75, but after the rally fizzled, a 1-2-3 top formed after the 1131.75 lower high reversed. The downside target/support at the 1126.50-1126.00 area was nailed. The market turned back up, and the rally was verified as 1129.50 broke/held and it was good for a rally back to 1133.00 by the close.
The market might continue to push higher, but at these levels there should be a pullback first. The indicators are getting short term overbought, and the VIX closed at its lowest level since the 2007 top. The Monday afternoon lows now need to hold, or quickly reverse if broken, to avoid a topping pattern. Unless that occurs, the moves to new highs that stalls/reverses should set up shorting opportunities and the pullbacks that are quickly reversed should set up trades on the long side. Don't get carried away with longs as the reward/risk doesn't look real favorable short term.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1132.50-1133.00
1135.75-1136.50
1141.00-1143.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1130.00-1129.50
1126.00-1125.00
1122.00
1120.50-1119.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1889.50-1890.25
1894.00-1894.50
1900.50-1904.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1883.50-1883.00
1877.00-1876.00
1871.50
1868.50-1867.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10522-10528
10554-10558
10611-10616
March 2010 Dow futures support
symbols: emini = ymh0
10494-10490
10461-10455
10425
10401-10399
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
1 / 5 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 1/5/2010
The opening strength on Tuesday was a short from the 1129.75-1130.50 resistance on the ES, and it fell to 1125.00 and quickly reversed. The ES then sprinted to 1132.75, but after the rally fizzled, a 1-2-3 top formed after the 1131.75 lower high reversed. The downside target/support at the 1126.50-1126.00 area was nailed. The market turned back up, and the rally was verified as 1129.50 broke/held and it was good for a rally back to 1133.00 by the close.
The market might continue to push higher, but at these levels there should be a pullback first. The indicators are getting short term overbought, and the VIX closed at its lowest level since the 2007 top. The Monday afternoon lows now need to hold, or quickly reverse if broken, to avoid a topping pattern. Unless that occurs, the moves to new highs that stalls/reverses should set up shorting opportunities and the pullbacks that are quickly reversed should set up trades on the long side. Don't get carried away with longs as the reward/risk doesn't look real favorable short term.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1132.50-1133.00
1135.75-1136.50
1141.00-1143.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1130.00-1129.50
1126.00-1125.00
1122.00
1120.50-1119.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1889.50-1890.25
1894.00-1894.50
1900.50-1904.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1883.50-1883.00
1877.00-1876.00
1871.50
1868.50-1867.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10522-10528
10554-10558
10611-10616
March 2010 Dow futures support
symbols: emini = ymh0
10494-10490
10461-10455
10425
10401-10399
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 01/05/10
HOW OUR DAY WENT:
The opening strength was a short from the
1129.75-1130.50 resistance and ES fell to 1125.00 and quickly
reversed. Then after the rally fizzled, a 1-2-3 top formed
after the 1131.75 lower high reversed, and then the downside
target/support at the 1126.50-1126.00 area was nailed. Out
of shorts, the rally was verified as 1129.50 broke/held and
and was good for a rally back to 1133.00 by the close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The opening strength was a short from the
1129.75-1130.50 resistance and ES fell to 1125.00 and quickly
reversed. Then after the rally fizzled, a 1-2-3 top formed
after the 1131.75 lower high reversed, and then the downside
target/support at the 1126.50-1126.00 area was nailed. Out
of shorts, the rally was verified as 1129.50 broke/held and
and was good for a rally back to 1133.00 by the close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 01/04/10
.................................................
TradeStalker's
R.B.I. Trader's Update
1 / 4 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 1/4/2010
The market opened much higher on Monday, and the move
continued in trend up fashion until poking over the 1128.50-
1129.00 resistance zone. The ES reached 1129.75 while the NQ
stayed under its 1889.00 early high all morning and
afternoon. A double top gave a small pullback to 1127.50
which turned into a double bottom just before the close.
The market had a very good start to the new year. However,
if things haven't changed much, the buyers will back away
until there is another decent pullback. The market may be
able to work its way higher, however at these levels the
better intraday setups are likely going to come on the short
side when new highs are sold into, then bought back after a
decent pullback.
We get Factory Orders and Pending Home Sales 30 minutes into
the day. If there is early strength on Tuesday, and the
upside fizzles and reverses from around the 1130 level on
the ES, it should offer a good shorting opportunity. If
there is a decent pullback, and the 1124.00-1123.25 area is
held or reversed, then a bounce back could be underway. If
that area is not held, then it appears that the 1120.50-
1119.50 area will be a pivotal area. That area should hold
if the first week of the year is going to be strong.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1129.75-1130.50
1135.75-1136.50
1141-1143
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1127.50-1126.75
1124.00-1123.25
1120.50-1119.50
1115.00-1114.50
1110.25-1109.75
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1888.50-1889.25
1894.00-1894.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1883.50-1883.00
1880.00-1878.50
1875.00-1874.00
1868.50-1867.75
1860.00-1858.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10554-10558
10611-10616
March 2010 Dow futures support
symbols: emini = ymh0
10517-10512
10504-10501
10440-10435
10388-10384
10360-10357
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
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)
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
1 / 4 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 1/4/2010
The market opened much higher on Monday, and the move
continued in trend up fashion until poking over the 1128.50-
1129.00 resistance zone. The ES reached 1129.75 while the NQ
stayed under its 1889.00 early high all morning and
afternoon. A double top gave a small pullback to 1127.50
which turned into a double bottom just before the close.
The market had a very good start to the new year. However,
if things haven't changed much, the buyers will back away
until there is another decent pullback. The market may be
able to work its way higher, however at these levels the
better intraday setups are likely going to come on the short
side when new highs are sold into, then bought back after a
decent pullback.
We get Factory Orders and Pending Home Sales 30 minutes into
the day. If there is early strength on Tuesday, and the
upside fizzles and reverses from around the 1130 level on
the ES, it should offer a good shorting opportunity. If
there is a decent pullback, and the 1124.00-1123.25 area is
held or reversed, then a bounce back could be underway. If
that area is not held, then it appears that the 1120.50-
1119.50 area will be a pivotal area. That area should hold
if the first week of the year is going to be strong.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1129.75-1130.50
1135.75-1136.50
1141-1143
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1127.50-1126.75
1124.00-1123.25
1120.50-1119.50
1115.00-1114.50
1110.25-1109.75
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1888.50-1889.25
1894.00-1894.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1883.50-1883.00
1880.00-1878.50
1875.00-1874.00
1868.50-1867.75
1860.00-1858.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10554-10558
10611-10616
March 2010 Dow futures support
symbols: emini = ymh0
10517-10512
10504-10501
10440-10435
10388-10384
10360-10357
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
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)
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: 01/04/10
HOW OUR DAY WENT:
The big rally wasn't expected but we
adapted and gave the trend-up support for low risk entry
on the ES until it reversed from just over the 1128.50-
1129.00 zone then broke 1128.50. The market then turned
vulnerable, and we also caught a short on the NQ near 1888
as it failed there 5 times before dropping.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The big rally wasn't expected but we
adapted and gave the trend-up support for low risk entry
on the ES until it reversed from just over the 1128.50-
1129.00 zone then broke 1128.50. The market then turned
vulnerable, and we also caught a short on the NQ near 1888
as it failed there 5 times before dropping.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 01/03/10
.................................................
TradeStalker's
R.B.I. Trader's Update
1 / 3 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 1/3/2010
The market was acting toppy early last week, as the pops
into the new high territory were repeatedly sold. Then on
Wednesday the ES dropped to the 1117.75-1117.00 key support,
and managed to bounce back to 1124.00 on Thursday's open.
That didn't stick either, as the early strength was once
again sold on Thursday. The ES dropped to the 1117.75-
1117.00 key support, and then churned just over that zone
going into the last 30 minutes of trading on Thursday. That
area finally broke, and a sharp drop to 1109.75 occurred at
the 4 pm close for stocks. The futures rallied back in the
last 15 minutes, but end-of-quarter "settlement at fair
value" had them settle the day near the day and weekly lows.
The market looks like it topped for a bit. The ES gave back
the 6+ days of upside in just 30 minutes on Thursday. The
daily indicators are a day or so from getting oversold, and
the VIX reversed and jumped up after getting under 20 for a
few days. So it looks like there should be more to go on the
downside before a decent low can be put in place.
On Monday look for early strength to be sold and then if the
ES can hold and reverse from around the 1108 area, a decent
bounce could occur. Just don't expect the bounces to stick
unless the 1121.50-1122.00 area is exceeded and not quickly
reversed.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1114.50-1115.00 **minor early
1117.50-1118.00
1121.50-1122.00 **key area
1125.75-1126.25
1128.50-1129.00 ** major
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1110.25-1109.75
1108.00
1105.25-1104.50
1098.00-1097.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1864.50-1865.00 **minor early
1868.50-1869.00
1872.50-1873.00 **key area
1881.00-1882.00
1886.00-1886.50 ** major
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1858.50-1857.75
1855.00
1852.00-1851.75
1842.75-1841.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10413-10415 **minor early
10426-10430
10462-10465 **key area
10497-10501
10525-10529 ** major
March 2010 Dow futures support
symbols: emini = ymh0
10364-10360
10333
10317-10314
10271-10267
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
1 / 3 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 1/3/2010
The market was acting toppy early last week, as the pops
into the new high territory were repeatedly sold. Then on
Wednesday the ES dropped to the 1117.75-1117.00 key support,
and managed to bounce back to 1124.00 on Thursday's open.
That didn't stick either, as the early strength was once
again sold on Thursday. The ES dropped to the 1117.75-
1117.00 key support, and then churned just over that zone
going into the last 30 minutes of trading on Thursday. That
area finally broke, and a sharp drop to 1109.75 occurred at
the 4 pm close for stocks. The futures rallied back in the
last 15 minutes, but end-of-quarter "settlement at fair
value" had them settle the day near the day and weekly lows.
The market looks like it topped for a bit. The ES gave back
the 6+ days of upside in just 30 minutes on Thursday. The
daily indicators are a day or so from getting oversold, and
the VIX reversed and jumped up after getting under 20 for a
few days. So it looks like there should be more to go on the
downside before a decent low can be put in place.
On Monday look for early strength to be sold and then if the
ES can hold and reverse from around the 1108 area, a decent
bounce could occur. Just don't expect the bounces to stick
unless the 1121.50-1122.00 area is exceeded and not quickly
reversed.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1114.50-1115.00 **minor early
1117.50-1118.00
1121.50-1122.00 **key area
1125.75-1126.25
1128.50-1129.00 ** major
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1110.25-1109.75
1108.00
1105.25-1104.50
1098.00-1097.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1864.50-1865.00 **minor early
1868.50-1869.00
1872.50-1873.00 **key area
1881.00-1882.00
1886.00-1886.50 ** major
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1858.50-1857.75
1855.00
1852.00-1851.75
1842.75-1841.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10413-10415 **minor early
10426-10430
10462-10465 **key area
10497-10501
10525-10529 ** major
March 2010 Dow futures support
symbols: emini = ymh0
10364-10360
10333
10317-10314
10271-10267
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 12/30/09
HOW OUR DAY WENT:
The ES reversed from the key 1117.75-
1117.00 support and bounced 4.75 points to 1122.50 in the
first 30 minutes of trading. A little double top formed,
and the ES tested and reversed from 1118.00 and bounced
3.75 points to 1121.75. The market is a short on bounces
under 1122 today.
Happy New Year! "See" you in 2010!
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The ES reversed from the key 1117.75-
1117.00 support and bounced 4.75 points to 1122.50 in the
first 30 minutes of trading. A little double top formed,
and the ES tested and reversed from 1118.00 and bounced
3.75 points to 1121.75. The market is a short on bounces
under 1122 today.
Happy New Year! "See" you in 2010!
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 12/29/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 29 / 2009
(Published Since 1996)
...............................................
Dateline: 6:01 pm eastern time, 12/29/2009
NOTE: This will be the last nightly update until Sunday
evening on January 3rd, 2010. On Wednesday I will try to
update though the instant message page, but that will be it
until the new year. We would like to wish all of you a safe
and Happy New Year!!!
Last night the early game-plan I gave for Tuesday stated:
"...look for a shorting opportunity on a bounce to test
the Monday highs, or if the market makes token higher
highs, and the move stalls out."
We got that on the open as the ES gapped up and then
reversed from 1 tick over the 1126.25 Monday high. Then,
after a 2.75 point pullback, a bounce set up a 1-2-3 top as
1126.25 was reversed and the ES dropped 4.50 points to the
1123-1122.00 updated support. That set up a scalp trade on
the long side back to the 1124 resistance, but the market
didn't do much until the last hour. The ES went up to
1125.00, but then reversed and held under 1124.00 on a
bounce. That kept the pressure on in the last 15 minutes and
market continued lower until the it made new lows for the
day at the 4pm close for stocks.
The market is acting toppy, but still has refused to fall
apart. The bounces finally did not stick, as the new high
areas continue to be sold in to. At the moment there appears
to be more potential downside than upside, so if there is
another push higher and the move stalls / reverses, that
should make a good trade on the short side. If we get a test
of the 1128.50-1129.00 area on the ES, it should set up a
very good shorting opportunity. On the downside, there was a
number of highs at the 1117.75-1117.00 area before the ES
finally broke out of its range. A drop to that area would
need to be quickly reversed if reached, otherwise the series
of narrow range days could give a good sized range by ending
the year on a poor note.
So, look for a good shorting opportunity if there is another
bounce that fizzles out on Wednesday. On the flip side, if
there is a decent pullback beware of a potential reversal
back up if the 1117.75-1117.00 area is tested and reversed.
If that area is broken, and not reversed, then back away
from buying anything as the downside could be picking up
some steam.
NOTE: This will be the last nightly update until Sunday
evening on January 3rd, 2010. On Wednesday I will try to
update though the instant message page, but that will be it
until the new year. We would like to wish all of you a safe
and Happy New Year!!!
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1123.75
1125.75-1126.25
1128.50-1129.00 ** strong
1132.00-1134.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1120.50-1119.50
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1873.50
1876.50-1877.00
1881.00-1882.00 ** strong
1886.50-1887.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1868.00-1767.25
1864.50-1862.75
1858.50-1857.75
1853.00-1851.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10509
10525-10529
10550-10555 ** strong
10568-10572
March 2010 Dow futures support
symbols: emini = ymh0
10477-10473
10451-10448
10432-10428
10399-10395
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
12 / 29 / 2009
(Published Since 1996)
...............................................
Dateline: 6:01 pm eastern time, 12/29/2009
NOTE: This will be the last nightly update until Sunday
evening on January 3rd, 2010. On Wednesday I will try to
update though the instant message page, but that will be it
until the new year. We would like to wish all of you a safe
and Happy New Year!!!
Last night the early game-plan I gave for Tuesday stated:
"...look for a shorting opportunity on a bounce to test
the Monday highs, or if the market makes token higher
highs, and the move stalls out."
We got that on the open as the ES gapped up and then
reversed from 1 tick over the 1126.25 Monday high. Then,
after a 2.75 point pullback, a bounce set up a 1-2-3 top as
1126.25 was reversed and the ES dropped 4.50 points to the
1123-1122.00 updated support. That set up a scalp trade on
the long side back to the 1124 resistance, but the market
didn't do much until the last hour. The ES went up to
1125.00, but then reversed and held under 1124.00 on a
bounce. That kept the pressure on in the last 15 minutes and
market continued lower until the it made new lows for the
day at the 4pm close for stocks.
The market is acting toppy, but still has refused to fall
apart. The bounces finally did not stick, as the new high
areas continue to be sold in to. At the moment there appears
to be more potential downside than upside, so if there is
another push higher and the move stalls / reverses, that
should make a good trade on the short side. If we get a test
of the 1128.50-1129.00 area on the ES, it should set up a
very good shorting opportunity. On the downside, there was a
number of highs at the 1117.75-1117.00 area before the ES
finally broke out of its range. A drop to that area would
need to be quickly reversed if reached, otherwise the series
of narrow range days could give a good sized range by ending
the year on a poor note.
So, look for a good shorting opportunity if there is another
bounce that fizzles out on Wednesday. On the flip side, if
there is a decent pullback beware of a potential reversal
back up if the 1117.75-1117.00 area is tested and reversed.
If that area is broken, and not reversed, then back away
from buying anything as the downside could be picking up
some steam.
NOTE: This will be the last nightly update until Sunday
evening on January 3rd, 2010. On Wednesday I will try to
update though the instant message page, but that will be it
until the new year. We would like to wish all of you a safe
and Happy New Year!!!
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1123.75
1125.75-1126.25
1128.50-1129.00 ** strong
1132.00-1134.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1120.50-1119.50
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1873.50
1876.50-1877.00
1881.00-1882.00 ** strong
1886.50-1887.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1868.00-1767.25
1864.50-1862.75
1858.50-1857.75
1853.00-1851.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10509
10525-10529
10550-10555 ** strong
10568-10572
March 2010 Dow futures support
symbols: emini = ymh0
10477-10473
10451-10448
10432-10428
10399-10395
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 12/29/09
HOW OUR DAY WENT:
Last night our trading group was told:
"...look for a shorting opportunity on a bounce to test
the Monday highs, or if the market makes token higher
highs, and the move stalls out."
We got that on the open when the ES gapped up and then
reversed from 1 tick over the Monday high 1126.25. Then,
after a 2.75 point pullback, a bounce set up a 123 top and
the ES dropped 4.50 points to the 1123-1122.00 updated
support. That set up a scalp trade on the long side back to
the 1124 resistance. The last hour drop held the 1120.00-
1119.50 support in what was a choppy session.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Last night our trading group was told:
"...look for a shorting opportunity on a bounce to test
the Monday highs, or if the market makes token higher
highs, and the move stalls out."
We got that on the open when the ES gapped up and then
reversed from 1 tick over the Monday high 1126.25. Then,
after a 2.75 point pullback, a bounce set up a 123 top and
the ES dropped 4.50 points to the 1123-1122.00 updated
support. That set up a scalp trade on the long side back to
the 1124 resistance. The last hour drop held the 1120.00-
1119.50 support in what was a choppy session.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 12/28/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 28 / 2009
(Published Since 1996)
...............................................
Dateline: 6:01 pm eastern time, 12/28/2009
We were expecting two-sided action on Monday and we got it.
We were shorting early strength that reversed, and about 10
minutes into the day that occurred when the ES turned down
from 1126.25 and broke 1124.00. The ES made its low at
1119.50, and per instant message we covered most of the
shorts at 1119.75. That was at the 1120.00-1119.50 initial
support zone, and able to hold that area and then lead
higher by the Dow for a change, the market rallied back with
the ES reaching the 1124.00 resistance before settling for
the day session. The Nasdaq ran into a wall of resistance at
the 1878.50 level and closed poorly.
Most, but not all, of the internal indicators backed out of
extreme overbought territory on Monday. We get the Consumer
Confidence number 30 minutes into the trading day on
Tuesday. The market is not staying in new high territory for
very long, so beware of failed rally attempt if a push into
new high ground stalls out. On the other side of the coin,
the pullbacks find buyers on every dip over the last 6 days.
When a pullback doesn't get reversed either in the first
hour of the day, or can not recover from losses late in the
day, then the mood will likely change.
Unless or until that occurs, look for a shorting opportunity
on a bounce to test the Monday highs, or if the market makes
token higher highs, and the move stalls out. Then, if the
market obliges and a drop to test of the Monday low is
reversed, that should set up a trade on the long side. If
the 1120.00-1119.50 area on the ES is not defended, then the
1117.75-1117.00 area would fill a gap. If the market gets
there, a reversal from near that zone would need to occur
quickly or else there could be bigger trouble in store for
the market going into year end.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1124.00
1125.75-1126.25
1128.50-1129.00
1132.00-1134.50
1154.00-1156.00 major
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1121.25
1120.00-1119.50
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1878.50
1881.00-1882.00
1885.50-1886.00
1892.50-1894.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1874.25
1868.00-1767.25
1864.50-1862.75
1858.50-1857.75
1853.00-1851.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10492
10511-10514
10530-10534
10550-10555
March 2010 Dow futures support
symbols: emini = ymh0
10465
10451-10448
10432-10428
10399-10395
10349-10344
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.
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
12 / 28 / 2009
(Published Since 1996)
...............................................
Dateline: 6:01 pm eastern time, 12/28/2009
We were expecting two-sided action on Monday and we got it.
We were shorting early strength that reversed, and about 10
minutes into the day that occurred when the ES turned down
from 1126.25 and broke 1124.00. The ES made its low at
1119.50, and per instant message we covered most of the
shorts at 1119.75. That was at the 1120.00-1119.50 initial
support zone, and able to hold that area and then lead
higher by the Dow for a change, the market rallied back with
the ES reaching the 1124.00 resistance before settling for
the day session. The Nasdaq ran into a wall of resistance at
the 1878.50 level and closed poorly.
Most, but not all, of the internal indicators backed out of
extreme overbought territory on Monday. We get the Consumer
Confidence number 30 minutes into the trading day on
Tuesday. The market is not staying in new high territory for
very long, so beware of failed rally attempt if a push into
new high ground stalls out. On the other side of the coin,
the pullbacks find buyers on every dip over the last 6 days.
When a pullback doesn't get reversed either in the first
hour of the day, or can not recover from losses late in the
day, then the mood will likely change.
Unless or until that occurs, look for a shorting opportunity
on a bounce to test the Monday highs, or if the market makes
token higher highs, and the move stalls out. Then, if the
market obliges and a drop to test of the Monday low is
reversed, that should set up a trade on the long side. If
the 1120.00-1119.50 area on the ES is not defended, then the
1117.75-1117.00 area would fill a gap. If the market gets
there, a reversal from near that zone would need to occur
quickly or else there could be bigger trouble in store for
the market going into year end.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1124.00
1125.75-1126.25
1128.50-1129.00
1132.00-1134.50
1154.00-1156.00 major
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1121.25
1120.00-1119.50
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1878.50
1881.00-1882.00
1885.50-1886.00
1892.50-1894.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1874.25
1868.00-1767.25
1864.50-1862.75
1858.50-1857.75
1853.00-1851.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10492
10511-10514
10530-10534
10550-10555
March 2010 Dow futures support
symbols: emini = ymh0
10465
10451-10448
10432-10428
10399-10395
10349-10344
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.
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: 12/28/09
HOW OUR DAY WENT:
We were expecting two-sided action
and got it Monday. We were shorting early strength that
reversed, and about 10 minutes into the day and that
occurred when the ES turned down from 1126.25 and broke
1124.00. The ES made its low at 1119.50, and per instant
message we covered most of the shorts as that was at the
1120.00-1119.50 support zone. It looked like 1 more drop
was possible, but that support was strong enough for the
ES to rally to 1124 resistance by the close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
We were expecting two-sided action
and got it Monday. We were shorting early strength that
reversed, and about 10 minutes into the day and that
occurred when the ES turned down from 1126.25 and broke
1124.00. The ES made its low at 1119.50, and per instant
message we covered most of the shorts as that was at the
1120.00-1119.50 support zone. It looked like 1 more drop
was possible, but that support was strong enough for the
ES to rally to 1124 resistance by the close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 12/27/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 27 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 12/27/2009
The SP500 cash and futures finally broke out of the ranges
on Wednesday. On Thursday there was a gap up open, and
follow through buying took the ES up to the 1122.50-1124.00
resistance zone in the first 30 minutes. A small pullback
from 1122.50 to 1119.75 followed, and then the market
churned with an upside bias back to the highs at the close.
All of the major averages closed at new highs for the year
on Thursday. For the last 5 days the pullbacks have held,
and then the upside gets going again. However, the market
looks to be at an important spot here. The short term
indicators are very overbought, and the Vix gave 2 sell
signals, and normally this sets up a decent pullback - or at
best there is back and forth action. What keeps hope alive
for the bulls up here is that the last 2 days of the month,
first 2 days of a new month has a historical upside bias.
So, given this conflict, it will likely set the market up
for more volatility than we have seen recently. A pullback
shouldn't take out the 1117.75-1117.00 area on the ES, or
quickly reverse if it is broken, if the market is going to
avoid going back down into the old trading range.
On Monday, look for early strength to set up a shorting
opportunity if there is a reversal in the first 40 minutes
of trading. If that plays out, beware that as long as the
initial support areas hold on early weakness, the market
will still be in uptrends and in decent shape. If the market
wants to take off higher, then we could potentially see the
1154.00-1156.00 area before the move encounters trouble. I
doubt that occurs without a good pullback first though. If
the ES breaks the 1115.00-1114.75 zone and doesn't quickly
reverse, then the market could see downside acceleration as
the breakout would have failed.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1122.50-1124.00
1128.00-1128.50
1132.00-1134.50
1154.00-1156.00 major
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1120.25-1119.75
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1864.50-1866.00
1871.50-1873.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1862.00-1861.50
1858.50-1857.75
1853.00-1851.75
1845.00-1843.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10472-10480
10530-10534
March 2010 Dow futures support
symbols: emini = ymh0
10455-10451
10432-10428
10399-10395
10349-10344
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
12 / 27 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 12/27/2009
The SP500 cash and futures finally broke out of the ranges
on Wednesday. On Thursday there was a gap up open, and
follow through buying took the ES up to the 1122.50-1124.00
resistance zone in the first 30 minutes. A small pullback
from 1122.50 to 1119.75 followed, and then the market
churned with an upside bias back to the highs at the close.
All of the major averages closed at new highs for the year
on Thursday. For the last 5 days the pullbacks have held,
and then the upside gets going again. However, the market
looks to be at an important spot here. The short term
indicators are very overbought, and the Vix gave 2 sell
signals, and normally this sets up a decent pullback - or at
best there is back and forth action. What keeps hope alive
for the bulls up here is that the last 2 days of the month,
first 2 days of a new month has a historical upside bias.
So, given this conflict, it will likely set the market up
for more volatility than we have seen recently. A pullback
shouldn't take out the 1117.75-1117.00 area on the ES, or
quickly reverse if it is broken, if the market is going to
avoid going back down into the old trading range.
On Monday, look for early strength to set up a shorting
opportunity if there is a reversal in the first 40 minutes
of trading. If that plays out, beware that as long as the
initial support areas hold on early weakness, the market
will still be in uptrends and in decent shape. If the market
wants to take off higher, then we could potentially see the
1154.00-1156.00 area before the move encounters trouble. I
doubt that occurs without a good pullback first though. If
the ES breaks the 1115.00-1114.75 zone and doesn't quickly
reverse, then the market could see downside acceleration as
the breakout would have failed.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1122.50-1124.00
1128.00-1128.50
1132.00-1134.50
1154.00-1156.00 major
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1120.25-1119.75
1117.75-1117.00
1115.00-1114.75
1111.25-1110.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1864.50-1866.00
1871.50-1873.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1862.00-1861.50
1858.50-1857.75
1853.00-1851.75
1845.00-1843.75
March 2010 Dow futures resistance
symbols: emini = ymh0
10472-10480
10530-10534
March 2010 Dow futures support
symbols: emini = ymh0
10455-10451
10432-10428
10399-10395
10349-10344
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 12/23/09
HOW OUR DAY WENT:
The pop over 1115.25-1116.00 area on
the ES was reversed and a drop to 1111.25 followed. That
1115.25-1116.00 area should be pivotal today.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The pop over 1115.25-1116.00 area on
the ES was reversed and a drop to 1111.25 followed. That
1115.25-1116.00 area should be pivotal today.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 12/22/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 22 / 2009
(Published Since 1996)
...............................................
Dateline: 6:03 pm eastern time, 12/22/2009
The resistance around the 1115 level on the ES was reversed
in the first hour on Tuesday, and it fell to 1110.50 before
noon. Then the 1115-1116.00 area was reiterated as
resistance and the bounce reversed from 1115.25 and pulled
back to 1112.00 in a small range day.
This is the last update until Sunday night. We wish all of
you a Merry Christmas, and a safe trip for those who are
traveling. If not for you all, there wouldn't be a
TradeStalker publication and I thank you for your faith in
my work.
On Wednesday we get a batch of economic data before the
open, and then more at 9:55 am and 10:00 am. The market has
been active early, but then the move gets reversed around
lunchtime. The market doesn't appear to have much more to go
on the upside unless there is a good spark to bring in
buying. The buying dried up at the top of the range as the
ES quickly backed away from the 1115-1116 area easily.
If there is a decent sized pullback, then the long side
might become attractive. However, unless the market can
prove itself strong by breaking / holding the 1115-1116 area
on the ES, the market is vulnerable. If a drop to the
1109.75-1109.50 area on the ES is tested and reversed, then
a trade could set up on the long side but don't fall in love
with longs unless we get a move through that 1115-1116 area
and holds it on a pullback. If the market just pops through
that area and reverses, that could start a decent sized
selloff.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1115.25-1116.00
1118.50-1119.00
1122.50-1124.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1112.00
1109.75-1109.50
1107.75-1107.25
1103.50-1102.50
1099.00-1098.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1842.00-1843.00
1848.50-1849.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1835.25
1828.00-1827.25
1824.50-1823.75
1818.75-1818.00
1814.00-1812.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10418-10422
10430-10434
March 2010 Dow futures support
symbols: emini = ymh0
10388
10361-10358
10336-10332
10312-10308
10269-10264
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.
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
12 / 22 / 2009
(Published Since 1996)
...............................................
Dateline: 6:03 pm eastern time, 12/22/2009
The resistance around the 1115 level on the ES was reversed
in the first hour on Tuesday, and it fell to 1110.50 before
noon. Then the 1115-1116.00 area was reiterated as
resistance and the bounce reversed from 1115.25 and pulled
back to 1112.00 in a small range day.
This is the last update until Sunday night. We wish all of
you a Merry Christmas, and a safe trip for those who are
traveling. If not for you all, there wouldn't be a
TradeStalker publication and I thank you for your faith in
my work.
On Wednesday we get a batch of economic data before the
open, and then more at 9:55 am and 10:00 am. The market has
been active early, but then the move gets reversed around
lunchtime. The market doesn't appear to have much more to go
on the upside unless there is a good spark to bring in
buying. The buying dried up at the top of the range as the
ES quickly backed away from the 1115-1116 area easily.
If there is a decent sized pullback, then the long side
might become attractive. However, unless the market can
prove itself strong by breaking / holding the 1115-1116 area
on the ES, the market is vulnerable. If a drop to the
1109.75-1109.50 area on the ES is tested and reversed, then
a trade could set up on the long side but don't fall in love
with longs unless we get a move through that 1115-1116 area
and holds it on a pullback. If the market just pops through
that area and reverses, that could start a decent sized
selloff.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1115.25-1116.00
1118.50-1119.00
1122.50-1124.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1112.00
1109.75-1109.50
1107.75-1107.25
1103.50-1102.50
1099.00-1098.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1842.00-1843.00
1848.50-1849.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1835.25
1828.00-1827.25
1824.50-1823.75
1818.75-1818.00
1814.00-1812.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10418-10422
10430-10434
March 2010 Dow futures support
symbols: emini = ymh0
10388
10361-10358
10336-10332
10312-10308
10269-10264
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.
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: 12/22/09
HOW OUR DAY WENT:
The resistance around the 1115 level
on the ES was reversed in the first hour and it fell to
1110.50 before noon. Then 1115 was reiterated as resistance
and the bounce reversed from 1115.25 and pulled back to
1112.00 in a small range day.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The resistance around the 1115 level
on the ES was reversed in the first hour and it fell to
1110.50 before noon. Then 1115 was reiterated as resistance
and the bounce reversed from 1115.25 and pulled back to
1112.00 in a small range day.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 12/21/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 21 / 2009
(Published Since 1996)
...............................................
Dateline: 6:22 pm eastern time, 12/21/2009
The market gapped up on Monday and kept going until reaching
the 1111.50-1112.00 resistance zone on the ES. The 1112.00
level was rejected and the ES pulled back to 1109.00 updated
support before heading back up. The bounce failed at
1113.25, and after the break the 1111.25 level was new
resistance. A bounce from the 1109.00 support was reversed
at 1111.50 and it started a drop to 1107.50 and a poor
close.
We get GDP before the open on Tuesday, and the Existing Home
Sales 30 minutes into the trading day. The Vix dropped to
its second lowest intraday level in the past 17 months on
Monday. Part of that is due to expected quiet pre holiday
trading, however a reversal by the Vix would give a number
of short term sell signals. What that means is that if there
is another rally from up here, it must stick and not reverse
as it has been doing lately. If that should occur, then
maybe the market makes its breakout to the downside.
On Tuesday, in order to avoid more downside, the ES needs to
get over the initial resistance and hold. Aside from that, a
drop towards the 1103.50-1102.50 that reverses could set up
a buying opportunity. If the market sells off and cannot
hold that area, then the 1099.00-1098.25 area will need to
hold and bring in buying, otherwise the market could be in
for a bad day.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1109.50-1109.75
1112.50-1113.00
1115.00
1118.50-1119.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1107.75-1107.25
1103.50-1102.50
1099.00-1098.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1827.25-1828.00
1831.25-1832.50
1836.00
1838.50-1839.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1824.50-1823.75
1818.75-1818.00
1814.00-1812.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10358-10361
10395-10398
10418
10430-10434
March 2010 Dow futures support
symbols: emini = ymh0
10336-10332
10312-10308
10269-10264
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
12 / 21 / 2009
(Published Since 1996)
...............................................
Dateline: 6:22 pm eastern time, 12/21/2009
The market gapped up on Monday and kept going until reaching
the 1111.50-1112.00 resistance zone on the ES. The 1112.00
level was rejected and the ES pulled back to 1109.00 updated
support before heading back up. The bounce failed at
1113.25, and after the break the 1111.25 level was new
resistance. A bounce from the 1109.00 support was reversed
at 1111.50 and it started a drop to 1107.50 and a poor
close.
We get GDP before the open on Tuesday, and the Existing Home
Sales 30 minutes into the trading day. The Vix dropped to
its second lowest intraday level in the past 17 months on
Monday. Part of that is due to expected quiet pre holiday
trading, however a reversal by the Vix would give a number
of short term sell signals. What that means is that if there
is another rally from up here, it must stick and not reverse
as it has been doing lately. If that should occur, then
maybe the market makes its breakout to the downside.
On Tuesday, in order to avoid more downside, the ES needs to
get over the initial resistance and hold. Aside from that, a
drop towards the 1103.50-1102.50 that reverses could set up
a buying opportunity. If the market sells off and cannot
hold that area, then the 1099.00-1098.25 area will need to
hold and bring in buying, otherwise the market could be in
for a bad day.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1109.50-1109.75
1112.50-1113.00
1115.00
1118.50-1119.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1107.75-1107.25
1103.50-1102.50
1099.00-1098.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1827.25-1828.00
1831.25-1832.50
1836.00
1838.50-1839.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1824.50-1823.75
1818.75-1818.00
1814.00-1812.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10358-10361
10395-10398
10418
10430-10434
March 2010 Dow futures support
symbols: emini = ymh0
10336-10332
10312-10308
10269-10264
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: 12/21/09
HOW OUR DAY WENT:
The market gapped up and kept going
until reaching the 1111.50-1112.00 resistance zone on
the ES. The 1112.00 level was rejected and the ES pulled
back to 1109.00 updated support before heading back up. The
bounce failed at 1113.25, and after the break the 1111.25
level was new resistance. A bounce from the 1109.00 support
was reversed at 1111.50 and it started a drop to 1107.50
and a poor close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The market gapped up and kept going
until reaching the 1111.50-1112.00 resistance zone on
the ES. The 1112.00 level was rejected and the ES pulled
back to 1109.00 updated support before heading back up. The
bounce failed at 1113.25, and after the break the 1111.25
level was new resistance. A bounce from the 1109.00 support
was reversed at 1111.50 and it started a drop to 1107.50
and a poor close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 12/20/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 20 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 12/20/2009
On Friday the ES gave us early strength to sell, as the ES
popped up to 1099.00 and then reversed. That was at the
1098.50-1099.00 resistance zone, and the market obliged by
selling off. The Thursday lows were broken, but the ES
reached 1088.50 (which was just 2 ticks over the 1088.00-
1087.00 support/ target) and then turned up. The rally took
the ES back to the 1096.50 level, and after a pullback the
ES made a little double top by reversing at 1096.25.
However, the pullback held the updated 1093.00 support and
then rallied back to 1099.00 by the close.
The SP500 has been in the same range since November 10th,
and it is one of the longest sideways patterns I've seen in
27 years. It should lead to a good sized move when it is
finally broken. It is at 1114 on the top, and 1080 on the
bottom for the SP500 futures. A possibility is that there is
a fake-out when the market finally does break out of this
range. In any case, the market needs some great news or an
unexpected shock to get out of this range it appears. It
might need to wait until the end of the month, or the first
week of 2010 to finally get out of this range.
On Friday the market was both weak and strong, as it sold
off from resistance early and then rallied off of support in
the afternoon. It was a mixed market also, as the Nasdaq 100
finished up 29 points while the SP500 gained just 6 points.
For now it looks like the market needs to stay over the last
hour lows from Friday to get out of trouble. That is at the
1093.00-1092.50 area on the ES and the 1797.00-1796.00 area
on the NQ. If those are broken, and not quickly reversed,
then the market will be in for a hard time making much out
of the upside as the bounces will then likely be sold.
On Monday look for a shorting opportunity if there is early
strength as soon as the upside stalls/ reverses. Then as
long as the market can hold the initial support areas, a
reversal should give a buying opportunity. If the initial
support is not quickly reversed, then a change could be
underway.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1099.00-1099.50
1102.50-1103.00
1106.50-1107.25
1111.50-1112.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1093.00-1092.50
1088.00-1087.00
1081.50-1080.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1807.75-1809.00
1812.75-1813.25
1817.50-1818.25
1822.75-1824.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1797.00-1796.00
1788.50-1787.50
1776.00-1775.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10278-10282
10309-10312
10348-10352
10394-10399
March 2010 Dow futures support
symbols: emini = ymh0
10227-10224
10201-10198
10132-10127
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 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
12 / 20 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 12/20/2009
On Friday the ES gave us early strength to sell, as the ES
popped up to 1099.00 and then reversed. That was at the
1098.50-1099.00 resistance zone, and the market obliged by
selling off. The Thursday lows were broken, but the ES
reached 1088.50 (which was just 2 ticks over the 1088.00-
1087.00 support/ target) and then turned up. The rally took
the ES back to the 1096.50 level, and after a pullback the
ES made a little double top by reversing at 1096.25.
However, the pullback held the updated 1093.00 support and
then rallied back to 1099.00 by the close.
The SP500 has been in the same range since November 10th,
and it is one of the longest sideways patterns I've seen in
27 years. It should lead to a good sized move when it is
finally broken. It is at 1114 on the top, and 1080 on the
bottom for the SP500 futures. A possibility is that there is
a fake-out when the market finally does break out of this
range. In any case, the market needs some great news or an
unexpected shock to get out of this range it appears. It
might need to wait until the end of the month, or the first
week of 2010 to finally get out of this range.
On Friday the market was both weak and strong, as it sold
off from resistance early and then rallied off of support in
the afternoon. It was a mixed market also, as the Nasdaq 100
finished up 29 points while the SP500 gained just 6 points.
For now it looks like the market needs to stay over the last
hour lows from Friday to get out of trouble. That is at the
1093.00-1092.50 area on the ES and the 1797.00-1796.00 area
on the NQ. If those are broken, and not quickly reversed,
then the market will be in for a hard time making much out
of the upside as the bounces will then likely be sold.
On Monday look for a shorting opportunity if there is early
strength as soon as the upside stalls/ reverses. Then as
long as the market can hold the initial support areas, a
reversal should give a buying opportunity. If the initial
support is not quickly reversed, then a change could be
underway.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1099.00-1099.50
1102.50-1103.00
1106.50-1107.25
1111.50-1112.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1093.00-1092.50
1088.00-1087.00
1081.50-1080.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1807.75-1809.00
1812.75-1813.25
1817.50-1818.25
1822.75-1824.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1797.00-1796.00
1788.50-1787.50
1776.00-1775.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10278-10282
10309-10312
10348-10352
10394-10399
March 2010 Dow futures support
symbols: emini = ymh0
10227-10224
10201-10198
10132-10127
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 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: 12/18/09
HOW OUR DAY WENT:
The early strength was reversed at the
1099.00 level on the ES - right at the 1098.50-1099.00
resistance zone - and then dropped 10.50 points to 1088.50,
just 2 ticks over the 1088.00-1087.00 support/ target.
That set up a reversal pattern and the ES rallied to
1096.50 updated resistance. A pullback then held our
updated 1093.00 support and reversed and rallied into
the close.
Good Trading,
Mike Reed
The early strength was reversed at the
1099.00 level on the ES - right at the 1098.50-1099.00
resistance zone - and then dropped 10.50 points to 1088.50,
just 2 ticks over the 1088.00-1087.00 support/ target.
That set up a reversal pattern and the ES rallied to
1096.50 updated resistance. A pullback then held our
updated 1093.00 support and reversed and rallied into
the close.
Good Trading,
Mike Reed
TradeStalker's RBI Update 12/17/09
.................................................
TradeStalker's
R.B.I. Trader's Update
12 / 17 / 2009
(Published Since 1996)
...............................................
Dateline: 6:29 pm eastern time, 12/17/2009
The market opened lower on Thursday, and after a small
bounce off of the 1096.00 support failed at 1098.50, the
downside reasserted itself. The ES fell to 1093.25 in the
first 40 minutes and the market bounced back. The move was
weak and grudgingly higher into the late morning. The upside
couldn't stick, and the ES rolled over from 1098.50 to a
lower low at 1090.75 an then the move was reversed. A bounce
lasted until the ES reached 1096.50, reversing at the 60ema
on the 5 minute chart, and then stocks and futures dropped
into the 4 pm close for stocks. The futures rallied in the
last 15 minutes and settled well over fair value.
Friday is a quarterly expiration day, and about anything can
happen. The market is still in this compressed trading
range, and on Thursday the market fell to about the middle
of that range. The closing Trin was at 3.01 which is
normally seen at decent trading bottoms. Also, the
sentiment shifted in a flash, as the Vix jumped 9.6% on
Thursday.
On Friday we should get a two-sided trading day. Early
strength that stalls/reverses near the initial resistance is
a shorting opportunity. However, the market will be "okay"
as long as the initial support areas are held, so if there
is an early drop it could set up a buying opportunity as
long as that support is held. The ES made a double bottom at
the 1091.00-1090.75 area on Thursday, and the NQ held just
over the 1775 level for most of Thursday. If those areas are
not quickly reversed on a test, then the market could be
breaking down. On the upside, a rally back towards the
1098.50-1099.00 area on the ES needs to be watched for a
reversal. If the market is able to put together a good
rally, but the move stalls out near the 1102.50-1103.0 area,
or that area is rejected on a sprint higher, it should set
up a good shorting opportunity.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1096.00-1096.50
1098.50-1099.00
1102.50-1103.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1091.25-1090.75
1088.00-1087.00
1081.50-1080.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1787.00-1788.00
1792.00-1792.50
1796.75-1798.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1775.50-1774.50
1770.25-1769.00
1762.50-1761.00
March 2010 Dow futures resistance
symbols: emini = ymh0
10292-10295
10309-10312
10361-10366
March 2010 Dow futures support
symbols: emini = ymh0
10249-10245
10211-10208
10152-10147
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
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
12 / 17 / 2009
(Published Since 1996)
...............................................
Dateline: 6:29 pm eastern time, 12/17/2009
The market opened lower on Thursday, and after a small
bounce off of the 1096.00 support failed at 1098.50, the
downside reasserted itself. The ES fell to 1093.25 in the
first 40 minutes and the market bounced back. The move was
weak and grudgingly higher into the late morning. The upside
couldn't stick, and the ES rolled over from 1098.50 to a
lower low at 1090.75 an then the move was reversed. A bounce
lasted until the ES reached 1096.50, reversing at the 60ema
on the 5 minute chart, and then stocks and futures dropped
into the 4 pm close for stocks. The futures rallied in the
last 15 minutes and settled well over fair value.
Friday is a quarterly expiration day, and about anything can
happen. The market is still in this compressed trading
range, and on Thursday the market fell to about the middle
of that range. The closing Trin was at 3.01 which is
normally seen at decent trading bottoms. Also, the
sentiment shifted in a flash, as the Vix jumped 9.6% on
Thursday.
On Friday we should get a two-sided trading day. Early
strength that stalls/reverses near the initial resistance is
a shorting opportunity. However, the market will be "okay"
as long as the initial support areas are held, so if there
is an early drop it could set up a buying opportunity as
long as that support is held. The ES made a double bottom at
the 1091.00-1090.75 area on Thursday, and the NQ held just
over the 1775 level for most of Thursday. If those areas are
not quickly reversed on a test, then the market could be
breaking down. On the upside, a rally back towards the
1098.50-1099.00 area on the ES needs to be watched for a
reversal. If the market is able to put together a good
rally, but the move stalls out near the 1102.50-1103.0 area,
or that area is rejected on a sprint higher, it should set
up a good shorting opportunity.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1096.00-1096.50
1098.50-1099.00
1102.50-1103.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1091.25-1090.75
1088.00-1087.00
1081.50-1080.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1787.00-1788.00
1792.00-1792.50
1796.75-1798.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1775.50-1774.50
1770.25-1769.00
1762.50-1761.00
March 2010 Dow futures resistance
symbols: emini = ymh0
10292-10295
10309-10312
10361-10366
March 2010 Dow futures support
symbols: emini = ymh0
10249-10245
10211-10208
10152-10147
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
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: 12/17/09
HOW OUR DAY WENT:
After the gap down open, we expected
all of the bounces to fail and they did as the ES made
a double bottom down at 1091.00 right at the 4 pm close
for stocks.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
After the gap down open, we expected
all of the bounces to fail and they did as the ES made
a double bottom down at 1091.00 right at the 4 pm close
for stocks.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
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