TradeStalker's RBI Update 01/27/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 27 / 2010

(Published Since 1996)

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


Dateline: 6:21 pm eastern time, 1/27/2010


The ES popped up to 1090.50 on Wednesday and stalled out,
just under the 1091.00-1091.75 initial resistance, allowing
a good reward/risk entry on the short side. The ES dropped
9.50 points to the 1081.00 support area before reversing. A
double bottom at the 1082-1081 support lead to a bounce to
1088.50, then after a wedge break we had a nice short near
1086.00 and the ES dropped to 1082.25. The group was told to
beware buying there, that 1084.00-1084.50 was good resist
and the pop reversed at 1084.50 before a drop to 1081.75
before the Fed. After the release we got the down-up-down
move, then from 1082.00 again the trend move reached the
1091.00-1091.75 resistance and backed off. The pullback held
at 1085.25 then rallied to the 1096.75-1097.50 resistance by
the close.

The market put together a pretty good rally of of the spike
low after the Fed release. The 1078.50 low was just over the
1077.50-1076.50 zone, and if that is reached again, and
reverses, then a tradable low could be put in place. The
1092.50-1092.00 area on the ES needs to hold, or quickly
reverse if broken, otherwise the 1085.25-1084.50 can be
tested. That should be pivotal if it's reached. A reversal
back up from that area keep the market out of trouble. If
broken, then a test of Wednesday lows that reverses sets up
a good reward/ risk opportunity on the long side.

The NQ will need to avoid pulling the market down on
Thursday, as it appears to be weak while the ES looks like
it can go a bit higher. The ES peaked at the 1096.75-1097.50
resistance area, so follow through strength will need to
avoid reversing early, otherwise there is one more decent
pullback coming. If a dip can hold at or above the 1092.50-
1092.00 area then the up-trends will remain intact, but
don't expect a trend up day. If the ES reaches the 1104.00-
1104.50 area, and the move stalls or that area is rejected,
then it could be a bounce high before the downside resumes.


March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1096.75-1097.50
1099.00-1100.00
1104.00-1104.50
1107.50-1108.00

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1093.00-1092.50
1085.25-1084.50
1082.50-1081.75
1078.50-1077.50

March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1815.00-1816.00
1821.50-1823.00
1830.75-1831.75

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1807.50-1807.00
1801.50-1800.25
1796.50-1795.50
1791.50-1790.50

March 2010 Dow futures resistance
symbols: emini = ymh0

10203-10209
10234-10236
10268-10273

March 2010 Dow futures support
symbols: emini = ymh0

10178-10175
10109-10105
10088-10085
10057-10052

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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 01/27/10

HOW OUR DAY WENT:

The ES popped up to 1090.50 and stalled
out, just under the 1091.00-1091.75 initial resistance,
allowing a good reward/risk entry on the short side. The
ES dropped 9.50 points to the 1081.00 support area before
reversing. A double bottom at the 1082-1081 support lead to
a bounce to 1088.50, then after a wedge break we had a nice
short near 1086.00 and the ES dropped to 1082.25. The group
was told to beware buying there, that 1084.00-1084.50 was
good resist and the pop reversed at 1084.50 before a drop
to 1081.75 before the Fed. After the release we got the down-
up-down move, then from 1082.00 again the trend move reached
the 1091.00-1091.75 resistance and backed off. The pullback
held at 1085.25 then rallied to the 1096.75-1097.50
resistance by the close. Sorry this was long, there was 10
swings of 4 points or more today....

See the Intraday Updates and the how we traded the market
today. That is *all* on our Instant Messenger Log here:
http://www.tradestalker.com/log.htm

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 01/26/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 26 / 2010

(Published Since 1996)

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


Dateline: 6:01 pm eastern time, 1/26/2010

The ES opened at the 1087.00-1086.25 support and then
bounced to the 1091.75 closing range from Monday. A drop
back to 1086.50 was reversed, and with a double bottom in
place at support it set up a trade on the long side and the
ES rallied 9.50 points to the 1095.50 reversal area. Then
from 1096.00 the ES dropped 4.75 points to 1091.25 and
turned back up. The 1095.50 level was exceeded, then held at
that level on a dip, which set up a trade on the long side.
The upside got going and the ES reached 1100.00. After a
dip, the ES made a double top/ 123 top from 1100.00 and we
jumped on the short side. A 4+ point drop to 1094.75
followed. Updated resistance at 1096.75-1097.75 was tested,
and from 1097.50 the ES rolled over at 3pm and dropped 12
points to 1085.50 in the last 10 minutes of futures trading
as another rally failed on Tuesday.

On Wednesday we get the Fed policy decision for interest
rates at 2:15pm. The volatility has been fantastic, and that
should continue. The ES now has 3 bottoms at the 1086.50-
1085.50 area. Normally a 4th try will break through. If that
occurs, then we will have a good chance of reaching the
1082.00-1081.00 major support area, which was reached on
Tuesday before stocks opened. If the market gets down there,
and can turn back up and rally strongly then a low can be
put in place for a decent move back up. If that area is not
held, then the market could be in the midst of more than a
correction.

On Wednesday look for an early bounce if the initial support
is not broken, but the early strength should be sold and
especially if the 1096.75-1097.50 area on the ES is
rejected. If the ES drops to the 1082-1081 area and can
reverse and then get back over the 1086 level, then a short
term low could be in place. If the market sells off, and can
not get back over the 1086 area, then lower prices should be
in the cards.


March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1091.00-1091.75
1096.75-1097.50
1099.00-1100.00
1104.00-1104.50

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1086.00-1085.50
1082.00-1081.00
1077.50-1076.50

March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1805.75-1806.50
1815.00-1816.00
1823.50-1824.00
1830.75-1831.75

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1796.50-1796.00
1790.50-1789.50
1783.50-1782.50

March 2010 Dow futures resistance
symbols: emini = ymh0

10164-10168
10209-10214
10234-10236
10268-10273

March 2010 Dow futures support
symbols: emini = ymh0

10129-10126
10094-10069
10038-10032


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 01/26/10

HOW OUR DAY WENT:

We had a double bottom at support set up
a trade on the long side, and the ES rallied 9.50 points to
the 1095.50 reversal area. Then from 1096.00 the ES dropped
4.75 points to 1091.25 and turned back up. The 1095.50 level
was exceeded, then held at that level on a dip, which set up
a trade on the long side. The upside got going and the ES
reached 1100.00. After a dip, the ES made a double top at
1100.00 and we jumped on the short side at 1099. A 4+ point
drop to 1094.75 followed. Updated resistance at 1096.75-
1097.75 was tested, and from 1097.50 the ES rolled over at
3pm and the ES dropped 12 points to 1085.50 as another rally
failed on Tuesday.

See the intraday updates and the how we traded the market
today. That is ALL on our Instant Messenger Log here:
http://www.tradestalker.com/log.htm

Good Trading,
Mike Reed
TradeStalker.com

TradeStalker's RBI Update 01/25/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 25 / 2010

(Published Since 1996)

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


Dateline: 6:01 pm eastern time, 1/25/2010


The bottom line last night for an early trade setup stated:

"If the market opens higher but reverses around
the 1097.50-1098.50 area in the first 30 minutes,
that should set up a trade on the short side for a
pullback towards the Friday closes, or lower."

Early strength reversed from just over the 1098.50
resistance on the e-mini SP futures about 30 minutes into
the day, then dropped 7 points to 1091.75 which was Friday's
closing range. After a bounce, a new low was made at 1089.75
and the trend down move reversed. After reaching 1097.75,
there was a pullback to 1094.50 updated support. A bounce of
5 points on the ES to 1099.50 followed. Per I.M. the bounce
was a short at 3:14pm at 1098.25 with updated support at
1092.50 that was reached just before the close.

The market couldn't hold on to its gains on Monday, and
given how oversold the market was, that was a bit unusual.
That is a sign of weakness, and most of the indicators
backed out of extreme oversold territory. We got our
oversold rally, but the market couldn't sustain the
strength. A trip towards the low 1080's on the ES is still
possible before there is a decent turn around.

On Tuesday we get the Consumer Confidence number 30 minutes
into the trading day. At the moment, the market might be too
low to short, so a decent bounce should occur if the market
opens weak. If that occurs, and the market bounces back
towards the 1095.50 area on the ES, that could bring in some
selling. If that area is exceeded, then a low could be in
place for a run back towards the Monday highs, but a move
back up there that stalls out would be a very good odds
shorting opportunity.



March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1095.50
1099.00-1099.50
1104.00-1104.50
1111.00-1111.50


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1092.00-1091.50
1087.00-1086.25
1082.25-1081.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1803.75
1809.50-1810.00
1815.75-1816.75
1826.50-1827.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1792.50-1792.00
1783.50-1782.50
1777.25-1776.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10168
10205-10208
10258-10263
10339-10343


March 2010 Dow futures support
symbols: emini = ymh0

10138-10134
10104-10101
10064-10059


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 01/25/10

HOW OUR DAY WENT:

The bottom line last night for an early
trade setup stated:

"If the market opens higher but reverses around the 1097.50-
1098.50 area in the first 30 minutes, that should set up a
trade on the short side for a pullback towards the Friday
closes, or lower."

Early strength reversed from just over the 1098.50 resistance
on the e-mini SP futures about 30 minutes into the day, then
dropped 7 points to 1091.75 which was Friday's closing range.
After a bounce, a new low was made at 1089.75 and the trend
down move reversed. After reaching 1097.75, there was a
pullback to 1094.50 updated support. A bounce of 5 points on
the ES to 1099.50 followed. Per I.M. the bounce was a short
at 3:14pm at 1098.25 with updated support at 1092.50 that
was reached at 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 01/24/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 24 / 2010

(Published Since 1996)

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


Dateline: 5:26 pm eastern time, 1/24/2010


The ES opened lower on Friday, then bounced to the updated
resistance at the 1111-1112 zone, giving a great low risk
entry on the short side and the ES dropped 10 points to
1101.00 in the first hour. A bounce then went back the
1111.50 level, right at resistance again, where we were able
to re-short. That led to another 10 point drop to 1101.25.
Then we then got a bounce to updated resistance at the
1104.00-1104.50 area, and after 1104.25 was reversed the ES
dropped another 12+ points to 1091.50. Then I gave 1092.50-
1093.25 for new resistance, and after reaching 1093.25 the
bounce fizzled and the ES dropped another 7.00 points to
1086.25 to finish off a big reversal week.

The Dow, SP500 and Nasdaq 100 cash and futures made new
intraday and closing highs for the bull move on Tuesday. The
market was ripe for at least a pullback, and the risk/reward
was strongly tilted in favor of the downside. The put
options that were bought near the Tuesday high were covered
way too soon in hind site, but there were ample
opportunities to re-short on Wednesday, Thursday and Friday.
The bigger picture top at 1147 on the ES looks to be in
place.

The three day drop covered 572 points on the Dow, 60 points
on the SP500 cash, and 105 points on the Nasdaq 100. The VIX
exploded more than 22% on Friday, showing a lot of
capitulation. The bigger picture internal gauges showed
negative divergence at the top, and those have turned
intermediate term bearish. However, just about all of the
short term overbought/oversold gauges are at oversold
extremes. The 3 day Thrust is at -.89 (+/-.50 normal
oversold) and the McClellan oscillator reached -243. Also,
the RBI Signal strength is in buy territory. If the VIX
reverses, then this should set the stage for a good counter-
trend move to the upside soon. A move back towards the
1111.00-1111.50 area will be sold if the market is still
weak. A test of the 1119.50-1120.50 area would be as far as
a bounce should go if the bears are going to stay in charge.

So, on Monday look for early weakness to be reversed and set
up a decent rally, especially if the initial resistance is
broken. If the initial resistance areas are exceeded, and
then hold on a pullback, then a decent bounce should be in
gear. If a bounce fails around the 1104.00-1104.50 area, or
below it, then the 1098-1097 area would become a support
area that would need to hold then to avoid another selloff.
If the market opens higher but reverses around the 1097.50-
1098.50 area in the first 30 minutes, that should set up a
trade on the short side for a pullback towards the Friday
closes, or lower.



March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1093.00-1093.50
1097.50-1098.50
1104.00-1104.50
1111.00-1111.50


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1087.00-1086.25
1082.25-1081.50
1077.75-1076.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1800.00-1801.00
1811.50-1812.25
1825.75-1826.75
1846.50-1847.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1789.50-1789.00
1782.00-1781.50
1776.75-1775.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10176-10181
10218-10221
10268-10273
10339-10343


March 2010 Dow futures support
symbols: emini = ymh0

10114-10111
10074-10069
10022-10017


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Today's Trading Recap: 01/22/10

HOW OUR DAY WENT:

WOW! The ES opened lower then bounced to
the updated resistance at the 1111-1112 zone, giving a great
low risk entry on the short side and the ES dropped 10 points
to 1101.00 in the first hour. A bounce then went back the
1111.50 level, right at resistance again, where members were
told to re-short. That lead to another 10 point drop to
1101.25. We then got a bounce to updated resistance at the
1104.00-1104.50, and after 1104.25 was reversed the ES
dropped another 12+ points to 1091.50. The I gave 1092.50-
1093.25 for new resistance, 1093.25 was traded and then
rolled over 7.00 points to 1086.25 to finish off a memorable
week, and a very good one for our group.

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 01/21/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 21 / 2010

(Published Since 1996)

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

Dateline: 6:28 pm eastern time, 1/21/2010

The ES popped up and then reversed from the 1136.75-1137.50
resistance in the first 30 minutes, then dropped fast to the
1119.50-1118.50 support and there was a small bounce. It
stopped at 1122.50 which was updated via instant message,
and then an 11 point drop to 1111.50 followed. After a
bounce, a new low was made at 1110.75 and then a bounce to
the 1119.50 resistance failed. A drop of 7.75 points to
1111.75 followed, and then after a bounce back to 1117.00
the market proved it was in trouble by reversing and selling
off into the close.

The market broke down to where the year closed out on
Thursday. The market is not yet oversold, and the drop so
far is not the normal slow drift that other recent
pullbacks. A top at the 1147 level won't be seen for awhile,
that looks pretty certain. The market also woke up from the
complacent mood, as the VIX jumped over 19% on Thursday. If
there is another sizable drop, and the SP500 cash and
futures reach the 1080 area and reverse, that will set up a
good trade on the long side. Until then, or until the market
shows signs of changing, the bounces should continue to fail
so stay with shorting the bounces for now.

On Friday look for early strength to set up a very good
shorting opportunity, if the market can muster a bounce. A
lower open that reverses in the first 20-40 minutes should
set up a scalp on the long side. However don't fall in love
with the long side just yet, as the bounces are still
shorting opportunities. The bears finally have the upper had
and are pressing on the bounces, so only a break/ hold over
the 1119.00-1119.50 area on the ES AND the 1857.50-1858.00
area on the NQ will have a chance to turn things around.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1117.00
1119.00-1119.50
1122.50-1123.00
1125.75-1126.25

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1109.50-1108.50
1104.25-1103.50
1099.00-1098.25

March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1852.50
1857.50-1858.00
1862.50-1863.00
1868.00-1869.50

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1836.50-1836.00
1832.00-1831.25
1824.50-1822.75

March 2010 Dow futures resistance
symbols: emini = ymh0

10370
10384-10388
10423-10427
10468-10475

March 2010 Dow futures support
symbols: emini = ymh0

10315-10310
10279-10275
10230-10225

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)

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: 01/21/10

HOW OUR DAY WENT:

The ES popped up and then reversed from
the 1136.75-1137.50 resistance in the first 30 minutes, then
dropped fast to the 1119.50-1118.50 support and there was
a small bounce. It stopped at 1122.50 which was updated
via instant message, and then an 11 point drop to 1111.50
followed. After a bounce, a new low was made at 1110.75 and
then a bounce to the 1119.50 resistance failed. A drop of
7.75 points to 1111.75 occurred before there was a bounce,
but no stick-em as the market closed poorly.

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 01/20/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 20 / 2010

(Published Since 1996)

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

Dateline: 7:56 pm eastern time, 1/20/2010

The pivotal 1143 level on the ES was rejected in pre-open
trading, and the big down open gathered momentum as the ES
kept pushing lower until the ES reached 1125.25. We took
some nice profits on puts bought on Tuesday, and gave
updated resistance at 1129.50-1130.00. The ES bounced to
1129.75 and stalled, then dropped 4 points to 1125.75 to
make a double bottom. After getting over 1129.75 the ES, it
popped up to 1131.00 but only dipped to 1129.25 and then the
uptrend resumed as the market rallied back into the close.

There isn't much to say tonight that's new. The VIX jumped
up over 10% intraday on Wednesday, and then turned back up.
That should mean more volatility ahead, and that the market
isn't quite ready to roll over. The ES is in a 22 point
range, so look for a buying opportunity on a test of the
bottom side if / when there is a reversal. On the other side
of the coin, a move back towards the 1143 area on the ES
would set up a good shorting opportunity if a top is in
place up at the 1147 area. We get the Philly Fed and the
Leading Indicators release 30 minutes into the day on
Thursday and that should cause a reaction.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1136.75-1137.50
1140.25-1141.00
1143.00-1143.50
1147.00-1148.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1131.50-1131.00
1129.25
1125.75-1125.25
1123.00-1122.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1876.25-1877.00
1884.00-1885.00
1890.00-1890.75


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1859.00-1858.25
1854.50
1851.00-1849.75
1845.50-1844.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10575-10578
10627-10631
10653-10656


March 2010 Dow futures support
symbols: emini = ymh0

10536-10533
10509
10469-10465
10443-10439

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)

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: 01/20/10

HOW OUR DAY WENT:

The pivotal 1143 level on the ES was
rejected in pre-open trading, and the big down open gathered
momentum as the ES kept pushing lower until the ES reached
1125.25. We took some nice profits on puts bought on Tuesday,
and gave updated resistance at 1129.50-1130.00. The ES then
bounced to 1129.75 and stalled, setting up a short. The ES dropped 4 points to 1125.75 to make a double bottom, then
turned back up. When the trend turned up, the updated support
held and a bounce lasted into 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 01/19/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 19 / 2010

(Published Since 1996)

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

Dateline: 6:12 pm eastern time, 1/19/2010

Last night's update stated:

"...a pullback should hold over the 1131.50-1131.00
area to keep the stair-step higher pattern on the
intraday chart."

The ES fell from the MLK Day high at 1137.00 and opened at
the 1131.50-1131.00 support on Tuesday. The ES turned up and
rallied 11.50 points to 1142.75, just 1 tick under the 1143
resistance, before pulling back. A dip was shallow, holding
over the updated support, and set up a move to 1145.00. The
1143.00 level was updated support and the ES made a double
bottom there and then bounced to 1147.00-1148.00 zone near
the close.

The ES and NQ tested the top of their ranges and backed away
on Tuesday. We get the PPI and Housing Starts numbers before
the open on Wednesday. Since Tuesday was a trend day with
very small pullbacks, the action should be more two-sided on
Wednesday. Look for shorting opportunities around the
Tuesday high areas, but for now there no damage done unless
the 1143 area is broken. That was pivotal on Tuesday, and a
break of that area would break the upside momentum and
possibly be the start of a trip back towards the 1140.00-
1139.50 area on the ES. That will need to be quickly
reversed, otherwise the market will be rolling over.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1147.00-1148.00
1151.75-1152.25
1154.50-1155.50

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1143.50-1143.00
1140.00-1139.50
1135.00-1134.50
1131.50-1131.00

March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1894.75-1896.00
1900.75-1901.50
1905.50-1906.25

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1885.50-1885.00
1880.50-1879.50
1874.25-1873.50
1868.00-1867.00

March 2010 Dow futures resistance
symbols: emini = ymh0

10684-10690
10721-10725
10748-10753

March 2010 Dow futures support
symbols: emini = ymh0

10654-10651
10629-10626
10584-10580
10563-10588

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)

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: 01/19/10

HOW OUR DAY WENT:

In last night's update the group was told:

"...a pullback should hold over the 1131.50-1131.00 area to
keep the stair-step higher pattern on the intraday chart."

The ES fell from the MLK Day high at 1137.00 and opened at
the 1131.50-1131.00 support on Tuesday. The ES turned up and
rallied 11.50 points to 1142.75, just 1 tick under resistance,
before pulling back. A dip was shallow, holding support, and
set up a move to 1145.00. The 1143.00 level was updated support
and the ES made a double bottom there and then bounced to
1147.00-1148.00 zone near 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 01/18/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 18 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 1/18/2010

We came into Friday looking for the 1144.00-1143.50 zone to
be key. The ES opened below that zone, bounced up to
1144.00, then reversed and dropped sharply. We locked in
some profits at the 1133.00-1132.50 zone, which gave a small
bounce, but the market continued to move in trend-down mode
to the 1127.75 recent low. A bounce from 1127.50 reversed at
the 1130.75 updated resistance, and the ES pulled back a bit
to 1128.50. However, that dip was reversed and the market
rallied back in the last hour of trading.

The daily charts are beginning to look toppy, and the weekly
chart doesn't look too good either. Now the key support
could be in jeopardy. In last Wednesday night's update I
stated:

"This could turn into a trading range, with a
double top at 1145.25-1146.25 possibly in place.
On the lower side, that 1129.00-1128.50 area
should be a key support zone now."

The ES went a tiny bit over that zone to 1147.00 on Thursday
(testing the 1148.00 globex high) and a point below it to
1127.50 on Friday. The ES then snapped back to close off
that low area. Now the 1128.25-1127.50 area must be
defended, otherwise a bigger picture breakdown could be
underway and we could see the 1119.50-1118.50 area reached
on this leg down.

On Tuesday look for early strength to be sold as soon as the
momentum fizzles, especially if there is a pop that reverses
in the first 20 minutes or so. If that plays out, then a
pullback should hold over the 1131.50-1131.00 area to keep
the stair-step higher pattern on the intraday chart. If that
area is broken, the key support should be tested. If that is
broken, then 1125.00 needs to be reversed right away, or
else a drop towards the 1123.00-1122.50 area (or more) could
be in the cards before a snap-back rally can occur.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1133.00-1133.50
1137.50-1138.25
1143.50-1144.00
1147.00-1148.00


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1131.50-1131.00
1128.25-1127.50
1125.50
1123.00-1122.50
1119.50-1118.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1866.00-1867.00
1872.50-1873.50
1879.50-1881.00
1888.50-1889.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1861.50-1860.50
1855.50-1854.75
1850.50
1846.50-1844.75


March 2010 Dow futures resistance
symbols: emini = ymh0

10569-10573
10603-10608
10653-10657
10684-10689


March 2010 Dow futures support
symbols: emini = ymh0

10543-10538
10514-10508
10486
10458-10454


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)

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: 01/15/10

HOW OUR DAY WENT:

We came into Friday looking for the
1144.00-1143.50 zone to be key. The ES opened below that
zone, bounced up to 1144.00, and then reversed and dropped
sharply. We locked in some profits at the 1133.00-1132.50
zone, which gave a small bounce, but it was trend-down to
the 1127.75 recent low. A bounce from 1127.50 reversed at
the 1130.75 updated resistance and pulled back 2 points to
1128.50 before the last hour rally.

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 01/14/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 14 / 2010

(Published Since 1996)

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

Dateline: 6:43 pm eastern time, 1/14/2010

The lower open reversed from above initial support and
bounced to right in the middle of the 1145.25-1146.25
resistance zone. That set up a short for a 5+ point drop to
1140.00. Then the market started a rally and a couple of
scalps from 1143.50-1144.00 updated resistance set up. The
pullbacks held the updated support, but bounces weren't
holding either so we turned to buying over the 1143.50 level
at shorting 1145 area. We scratched the 1145 short, then a
pop into the 1146.50-1148.00 area reversed and dropped 3
points before the close.

If the 1147-1148 area is not rejected, then a chance for one
more push higher is possible before this move loses its
luster. Since the bottom in March 2009 there has been just
one decent correction. That started after the SP500 cash
rallied 289 points from March low to a high in June 2009.
The SP500 cash then dropped 67 points on a closing basis in
July 2009. From that low, an equal move would put the SP500
cash at 1158.77 intraday. That would be around the 1154.50-
1155.50 area on the ES, and there are a couple other numbers
in that area that should make it tough to get through if the
highs are broken and the market doesn't quickly reverse.

Earnings after the close has the market trading a little bit
higher after the close. The ES has a double top at the
11147-1148 area to overcome. On the down side, the 1144.00-
1143.50 area was resistance early on Thursday, but the break
and hold over that area is what keeps the uptrend alive. If
that area is broken, then odds of a decent top being in
place begin to go up.

Early strength should set up a good shorting opportunity if
there is a reversal from just under 1150 on the SP500 cash
and futures. However, as long as that 1144.00-1143.50 area
is defended on a pullback, the market will be okay bigger
picture. There should still be very good shorting
opportunities when the bounces stall out, and those should
set up the "easier" and better odds trades up at these
levels.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1147.00-1148.00
1151.75-1152.25
1154.50-1155.50


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1144.00-1143.50
1142.00
1138.50-1138.00
1133.00-1132.50


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1894.50-1895.50
1900.75-1901.50
1905.50-1906.25


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1884.00-1883.50
1880.50
1876.25-1875.50
1868.00-1867.00


March 2010 Dow futures resistance
symbols: emini = ymh0

10674-10679
10701-10705
10743-10748


March 2010 Dow futures support
symbols: emini = ymh0

10652-10649
10642
10610-10606
10587-10584

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)

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: 01/14/10

HOW OUR DAY WENT:

The lower open reversed from above initial
support and bounced to right in the middle of the 1145.25-
1146.25 resistance zone. That set up a short for a 5+ point
drop to 1140.00. Then the market started a rally and a few
scalps from 1143.50-1144.00 updated resistance were taken.
The pullbacks held the updated support, so we turned to
buying over the 1143.50 level at shorting 1145 area. We
scratched the 1145 short then a pop into the 1146.50-1148.00
area reversed and dropped 3 points before 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 01/13/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 13 / 2010

(Published Since 1996)

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

Dateline: 6:51 pm eastern time, 1/13/2010

The early strength fizzled, setting up a short and the ES
then dropped 7.50 points to the 1129.00-1128.50 key support.
A quick reversal set up a trade on the long side and the ES
bounced 3.75 points to updated resistance at 1133.00. A
short at that area was stopped out for a small loss, as the
ES ran up to 1141.00. The 1138 level was given as updated
support, and that held for a 4.25 point move up to 1142.50.
The pullback from 1142.50 was just 1.50 points, and then the
ES reached 1145.25 and then sold off. The break of 1143.50
turned the trend, giving a short that gave a drop to 1141.25
just before settlement.

The market put together a good rally from the 1129.00-
1128.50 support area on Wednesday. This could turn into a
trading range, with a double top at 1145.25-1146.25 possibly
in place. On the lower side, that 1129.00-1128.50 area
should be a key support zone now, and as long as that zone
is not broken, the daily chart will still be in decent
shape.

The internal gauges are beginning to show bigger picture
divergences. If the breadth on the NYSE is not strong on
Thursday (that would be a net +1200 advancing issues) then
we could begin to get a bigger picture bearish divergence
almost across the board. That is what is often seen before a
decent sized correction.

On Thursday we get the Retail Sales before the open. If
there is a pop back up towards the Wednesday highs and the
move stalls/ reverses, then it sets up a shorting
opportunity. On the downside, as long as a pullback can hold
the initial support areas, the market will still be in good
shape. However, if they are broken and not quickly reversed,
then a drop to the next support areas should hold unless the
market is in trouble.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1145.25
1146.50-1148.00
1151.75-1152.25


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1138.50-1138.00
1133.00-1132.50
1129.00-1128.50
1126.00-1125.00


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1889.50
1893.75-1895.50
1900.75-1901.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1876.25-1875.50
1868.00-1867.00
1855.25-1853.75
1850.00-1849.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10657
10667-10672
10694-10698


March 2010 Dow futures support
symbols: emini = ymh0

10610-10606
10587-10584
10561-10558
10521-10514

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)

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: 01/13/10

HOW OUR DAY WENT:

The early strength fizzled, setting up a
short and the ES then dropped 7.50 points to the 1129.00-
1128.50 key support. A quick reversal set up a trade on
the long side and the ES bounced 3.75 points to updated
resistance at 1133.00. A short at that area was stopped
out for a small loss, as the ES ran up to 1141.00. The 1138
level was given as updated support, and that held for a 4.25
point move up to 1142.50. The pullback from 1142.50 was just
1.50 points, and then the ES reached 1145.25 and then sold
off. The break of 1143.50 turned the trend, giving a short
that gave the drop to 1141 per instant message.

See how we traded the market today. Check out our Instant
Messenger Log here:
http://www.tradestalker.com/log.htm

Good Trading,
Mike Reed
TradeStalker.com

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

TradeStalker's RBI Update 01/12/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 12 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 1/12/2010

The market gapped down on Tuesday, and the ES fell to
1132.50 and and reversed. That was 2 ticks over the 1132.00-
1131.25 support which set up a scalp on the long side. Then
the move reached the updated resistance at 1137.75 to the
tick, filling the gap and then was rejected 2 more times. We
expected bounces to fail, and that action set up a great
short with a tight stop. The move was good for 10 points on
the ES as it reached 1127.75 shortly after 1pm. A bounce
back off that low just missed the 1133 level, reaching
1132.25 before heading back down. A reversal off of 1128.50
occurred with 20 minutes left in stock trading and then the
market rallied into the close.

The market was about to finish the day on a weak note, but
out of the blue buying came in and once again and propped
the market back up. The action off of the 1146.25 high on
Monday still looks like it was the start of a correction.
However, as long as the 1129.00-1128.50 area on the ES is
defended on a pullback, nothing bad will happen. If there is
a drop through that area, but it reverses back up from the
1126.00-1125.00 zone, then a bounce like the late Tuesday
rally is likely. If that area is broken, then a bigger
picture top is likely in place, and a move back under
1109.50 is likely in the cards.

We get the Fed's Beige Book on Wednesday at 2pm. The futures
settled above fair value so higher prices are expected on
the open if they hold over night. If there is early weakness
on Wednesday, look for a reversal from near initial support
to set up a trade on the long side. If that plays out,
beware that as soon as the upside loses momentum, the market
could pull back pretty fast. We should get another 2-sided
trading day, so buy the dips that reverse, and/or short the
run-ups as soon as the upside stalls out.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1135.00
1337.75-1138.50
1143.75-1144.25
1146.50-1148.00

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1132.50-1131.50
1129.00-1128.50
1126.00-1125.00
1123.00-1122.50

March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1866.50
1871.00-1872.00
1876.25-1877.50
1886.00-1886.50

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1859.50-1859.00
1855.25-1853.75
1850.00-1849.50
1846.00-1844.50

March 2010 Dow futures resistance
symbols: emini = ymh0

10595
10615-10619
10649-10653
10682-10686

March 2010 Dow futures support
symbols: emini = ymh0

10568-10565
10537-10534
10501-10498
10482-10479

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: 01/12/10

HOW OUR DAY WENT:

The market gapped down on Tuesday, and the
ES fell to 1132.50 and and reversed. That was 2 ticks over
the 1132.00-1131.25 support which set up a scalp on the long
side. The move reached the updated resistance at 1137.75 to
the tick, filling the gap and then was rejected 2 more times.
We expected bounces to fail, and that action set up a great
short with a tight stop. The move was good for 10 points on
the ES as it fell to 1127.75 just after 1pm. The bounce was
reversed just under 1132.50-1133.00 updated resistance then
dropped 3.75 points to 1128.50 in the last 20 minutes.

CLICK HERE for FREE Trading Articles and Videos!

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 01/11/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 11 / 2010

(Published Since 1996)

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

Dateline: 6:16 pm eastern time, 1/11/2010

The gap up open on the ES reversed from the 1146.50-1148.00
resistance zone on Monday, and the first pullback reversed
after falling to 1139.25. A bounce to 1142.50 failed, and
from there the ES sold off to a low at the 1137.75-1137.25
support zone. The market turned back up, and able to hold
over the 1139.75 level, the ES rallied to 1144.25 before the
close.

The market closed at new highs for the move again on Monday,
the 6th up day in a row. The ES rejected the 1146.50-1148.00
area, however once again the market got footing at a support
area and rallied back. The Vix gave 4 sell signals on
Monday, and at the least the volatility should pick up.
Right now it looks like the market is vulnerable, especially
with the crowd so bullish.

On Tuesday the market should have trouble holding on to any
gains it might make. Look for early weakness to set up a
quick trade on the long side. Just do not fall in love with
the long side, as that 1146.50-1148.00 area should be a
short term high and a deeper pullback than we have been
getting should occur soon.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1143.75-1144.25
1146.50-1148.00
1151.75-1152.25

March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1140.00-1139.50
1137.75-1137.25
1135.50
1132.00-1131.25
1126.00-1125.00


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1886.00-1886.50
1900.50-1901.00
1905.75-1906.50

March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1878.50-1877.75
1874.25-1873.25
1870.50
1867.50-1866.50
1858.50-1857.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10619-10623
10644-10648
10674-10678

March 2010 Dow futures support
symbols: emini = ymh0

10575-10572
10541-10537
10518
10501-10496
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: 01/11/10

HOW OUR DAY WENT:

The gap up open reversed from the 1146.50-
1148.00 resistance on Monday, and sold off to a low at the
1137.75-1137.25 support zone.

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 01/10/10

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

TradeStalker's

R.B.I. Trader's Update

1 / 10 / 2010

(Published Since 1996)

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

Dateline: 5:26 pm eastern time, 1/10/2010

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 the run up to our 1141-1143 key zone
just before the close.

The resilience the market has is amazing. However, with the
exception being last Monday's big up day, the closing gains
have been relatively small while the NYSE breadth at a
sustainable +600 to +700 net advancing issues each day. This
keeps the market from getting overbought by not going too
far too fast.

That said, the last hour rally on Friday does look like too
much too fast. Along with that, the ES nailed the 1141-1143
area at the close. If that 1143 level is exceeded and held,
then the next resistance would be near the 1158-1160 area on
the SP500 cash, and that could be in the cards before this
mini melt-up type of action is over. Early strength that
reverses in the first 40 minutes would set up a shorting
opportunity, however as long as a pullback can hold the
1137.75-1137.25 area on the ES, then the upside is still in
gear. If that area is not defended, then odds are better
that some sort of top was already made increase, and the
bounces then will be shorting opportunities under the 1142
area.

March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0

1142.00-1143.00
1146.50-1148.00
1151.75-1152.25


March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0

1139.25-1138.50
1137.75-1137.25
1135.50
1132.00-1131.25
1126.00-1125.00


March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0

1891.50-1892.50
1896.50-1897.50
1901.50-1902.50


March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0

1887.00-1886.00
1883.50-1883.00
1875.50
1867.50-1866.50
1858.50-1857.50


March 2010 Dow futures resistance
symbols: emini = ymh0

10572-10576
10618-10621
10664-10668


March 2010 Dow futures support
symbols: emini = ymh0

10545-10540
10531-10528
10518
10501-10496
10441-10438

CLICK HERE for FREE Trading Articles and Videos!

Good Trading,
Mike Reed
TradeStalker.comGood Trading,
Mike Reed

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