TradeStalker's E-Mini Futures Support and Resistance Updates 01/11/11

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

TradeStalker's

Support and Resistance Update

1 / 11 / 2011

(Published Since 1996)

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


Dateline: 6:36 pm eastern time, 1/11/2011


The ES gapped up on Tuesday, then quickly reversed from
1273.00 and a pullback to 1268.50 followed. That filled the
gap on the daily chart, and then the ES bounced back to
1273.75 and stalled out. A short at 1273.00 didn't take much
heat, then fell fast starting around 1 pm. A bounce off
1268.00 then stalled/reversed from 1271.00 and a drop to a
lower low at the 1265.50 level followed. That was the Monday
close and the market reversed back up around 2 pm and then a
choppy move back to the 1271 area lasted until just before
the close.

The ES tested the high area from last week and the Dow Cash
tested 11700, and the market did not like it up there. Also,
the last 2 hours of upside was labored and formed a rising
wedge pattern. Just before the close the 1271 resistance on
the ES was reversed, putting the market on the defensive.

On Wednesday we get the Fed's Beige Book release at 2 pm. In
the early going look for early strength to be a gift on the
short side, especially if there is a pop over the 1271 level
on the ES that reverses back down. Then, if the first
pullback can be reversed from the 1265.00-1264.50 low area
from Tuesday, a snap back rally can occur. If that 1264.50
area is broken, then odds are good that a top of some sort
is in place and another test of the key 1258 area could be
in the cards.


NOTE: There will not be an update on Wednesday night due to
prior commitment.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1271.00-1271.50
1274.00-1274.50
1278.00-1278.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1268.50
1265.00-1264.50
1262.00-1261.50
1258.00-1257.50
1252.25-1251.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2287.50-2288.00
2294.00-2294.50
2302.75-2303.50


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2284.00
2280.50-2280.00
2274.50-2273.50
2264.25-2263.25
2253.00-2251.50


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 01/10/11

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

TradeStalker's

Support and Resistance Update

1 / 10 / 2011

(Published Since 1996)

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


Dateline: 6:16 pm eastern time, 1/10/2011

The ES opened lower on Monday, then bounced from 1260.00 to
1264.25 and reversed back down. That lead to a test of the
key 1258.00 level and buying came in. After moving up to
1265.00, there was a drop to 1259.75 but the bears couldn't
keep the market down and the break and hold of the 1262.50-
1262.00 zone opened the door for a rally to just under the
1268.50-1269.00 initial resistance with 30 minutes left.
That marked the tops as the market was sold into the close.

While the Nasdaq futures pushed to new 52 week highs on
Monday, the ES took all day to get back to unchanged and
then faded into the close. The ES is around the middle of
its range, while the NQ is getting stretched on the upside.

On last Friday and on Monday the ES failed to clear the
1268.50-1269.00 zone, and that is key on the upside on
Monday. On the downside, as long as the initial support
areas are held, there will be a chance to test that again on
Tuesday. However, if broken the initial support is broken,
then by now the 1258 support is on everyone's charts, and a
4th test will not have as good of odds of holding. If it is
held, then no damage is done just yet. Just don't expect a
whole lot more upside from here. If broken, it could confirm
a top.

On Tuesday look for early weakness to be bought IF the
initial support is held/reversed, and then if the market can
bounce again, the move needs to get over the initial
resistance zones and not quickly reverse. If the 1268.50-
1269.00 area is not rejected a third time, then a run up to
the 1272 area that stalls/ reverses is a shorting
opportunity. If a pullback doesn't hold the 1265.00-1264.50
area on the ES and 2280.50-2280.00 area on the NQ, then that
retest of the 1258 area on the ES is likely one more time,
and would need to reverse back up over 1260 quickly to avoid
heading towards the 1252.25-1251.50 zone.


NOTE: We have returned to the old format but with much
more audio guidance. If you don't have a user name and
password, contact Julie at Julie@tradestalker.com to
get set up. The chat box/ audio link is-

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

You must be logged in and follow instructions on the
website to hear audio. Again, if you need a user name
and password, contact Julie at Julie@tradestalker.com
to get set up.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1268.50-1269.00
1274.00-1274.50
1278.00-1278.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1265.00-1264.50
1262.00-1261.50
1258.00-1257.50
1252.25-1251.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2286.25-2287.50
2296.50-2298.25
2302.75-2303.50


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2280.50-2280.00
2274.50-2273.50
2264.25-2263.25
2253.00-2251.50


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 01/09/11

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

TradeStalker's

Support and Resistance Update

1 / 9 / 2011

(Published Since 1996)

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


Dateline: 5:36 pm eastern time, 1/9/2011


The ES popped up to 1274.00 on the open on Friday, and that
early strength was sold and the ES dropped to 1267.75 (just
over the 1267.25-1266.25 initial support), and then a quick
bounce back to the 1272.75 initial resistance occurred. The
1272.00-1272.50 zone on the ES and the 2281.25-2282.50 zone
on the NQ were both reversed, and a trend down move to the
1258.50-1258.00 support zone on the ES and the 2252.75-
2251.50 support zone on the NQ lasted until just before 1
pm. That was a 15 point move on the ES and a 29.25 point
move on the NQ, and then the market reversed. The 1262 level
was broken and held and the ES rallied back to the 1268.50
pivotal level just before the close.

The market is getting more volatile, which is a good change.
The first week of the year is in the books, and we have a
toppy acting market currently, or range bound at best. Last
week the ES failed to hold over the 1272 level for very
long, and also failed to stay under 1259 for very long
either.

The internals have not kept up with price, and now my
intermediate term internal gauges are beginning to roll
over. The very short term internal gauges are close to
getting oversold. In any case, it would take good follow
through buying that gets both the ES and NQ over their
initial resistance areas, and then holds them on a pullback,
for the market to avoid another drop. That would be a change
of character from last week's action, as the bounces have
not been able to stick. If we do get another drop, the
1258.50-1257.50 zone on the ES and the 2252.75-2251.50 zone
on the NQ will need to be defended for a third time,
otherwise there is a short to intermediate term top forming.

Look for early strength to be sold, and then if the first
decent pullback shows signs of turning back up from the
1264.50-1264.00 zone on the ES and/ or the 2265.50-2264.50
area on the NQ, a snap back rally is possible. If broken,
then the 1258.50-1257.50 zone on the ES and the 2252.75-
2251.50 zone on the NQ will need to hold or things will be
changing.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1268.50-1269.00
1274.00-1274.50
1278.00-1278.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1267.00-1266.50
1264.50-1264.00
1262.00
1258.00-1257.50
1252.25-1251.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2276.00-2277.00
2281.50-2282.00
2288.25-2289.50


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2272.50-2271.75
2265.50-2264.50
2260.50
2253.00-2251.50
2243.00-2241.50


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 01/06/11

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

TradeStalker's

Support and Resistance Update

1 / 6 / 2011

(Published Since 1996)

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


Dateline: 5:46 pm eastern time, 1/6/2011


The market didn't sit still intraday on Thursday. A pop up
to 1273.75 on the ES was sold on the open on Thursday (1
tick over 1273.00-1273.50 initial resistance) but the first
pullback held at 1270.75 (initial support) and another push
higher to 1274.50 followed. However, the breakout failed and
that set up a short and then when 1270 was broken the
downside gathered steam and a drop to 1266.25 occurred. That
was an 8.25 point move and we caught a part of it. A channel
formed between 1267.25 and 1270.25, and the breakout ran
another 2 points higher to 1272.25 before reversing. A drop
back to that 1267.25 followed, and able to hold again, a pop
back to the 1270.50 level followed. A quick drop to 1266.50
was quickly reversed with about 30 minutes left in stock
trading the ES rallied back to 1271.25 just before the
close.

We get the Employment data before the open on Friday. The
market has not been able to hold gains, yet refuses to break
too. Right now it will take a break under the 1266 area and
not quickly reversed again to make a topping pattern. Unless
/ until that occurs, no reversal yet. Still, don't expect a
lot more upside before selling comes back in.

So, look for early strength to be sold in the first 40
minutes of trading on Friday. If that plays out and the
initial support holds, then another snap back rally is still
possible. If it's not defended then a move to 1263 area
would be key end of week.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1271.50-1272.50
1275.50-1276.00
1278.00-1278.50
1282.50-1284.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1267.25-1266.25
1263.75-1262.75
1258.50-1258.00
1252.50-1251.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2277.75-2278.50
2282.75-2284.50
2288.25-2288.75
2294.00-2296.00


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2270.75-2269.75
2263.00-2262.00
2252.75-2251.50
2243.00-2241.50


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 01/05/11

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

TradeStalker's

Support and Resistance Update

1 / 5 / 2011

(Published Since 1996)

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


Dateline: 6:06 pm eastern time, 1/5/2011


The market opened lower on Wednesday, but quickly turned
back up and held over the initial support zones on a
pullback and the market stair stepped higher in trend up
mode to 1273.00 on the ES by 12:45 pm eastern time. The 1270
level was able to hold on a pullback, and then the ES
churned between 1273.75 and 1270.25 going into the close.

The market continues to be amazingly resilient, as the
market held a good bid on dips all day on Wednesday. The
daily indicators are not yet overbought and sentiment has
not reached an extreme just yet. That 1270 area now needs to
be defended to avoid a reversal pattern and trigger a bit
more selling. Otherwise, the bulls remain in control and the
upside can continue for part of another day or maybe two
before we get a reversal up here.

On Thursday we get the Jobless Claims before the open. If
the market opens higher, that should set up a shorting
opportunity for a test of the 1270 area. If that area is
broken, and then the ES cannot reverse back from around the
1268.50-1268.00 area, then it should mean there is a selloff
coming that could get the ES down to the 1263.75-1262.75
zone on the ES. If that area is reached, and the move stalls
or reverses back up, then a decent bounce back towards the
1270 area would then be possible.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1273.00-1273.50
1275.50-1276.50
1278.00-1278.50 *next key areas


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1270.50-1270.00
1268.75-1268.25
1263.75-1262.75
1258.50-1258.00


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2271.50-2272.50
2276.50-2278.00
2281.25-2282.50 *next key areas


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2268.50-2267.50
2263.00-2262.00
2252.75-2251.50
2243.00-2241.50


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 01/04/11

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

TradeStalker's

Support and Resistance Update

1 / 4 / 2011

(Published Since 1996)

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


Dateline: 7:09 pm eastern time, 1/4/2011


I don't often toot my own horn, but in Monday night's update
I stated that:

"The ES was unable to hold over 1270 and now a test of
the Monday highs will set up a very good shorting
opportunity."

and

"...that first decent bounce should set up a shorting
opportunity then when the upside stalls out. That will
be the case as long as the 1270 area is not exceeded
and held, instead of reversing as it should if the
market is going into pullback mode."

It was also noted about the 1258.50-1258.00 zone:

"...the big open left a gap on the daily, weekly,
monthly, and yearly charts so far. Odds are pretty good
that we revisit that area on a pullback fairly soon."

The ES popped up to 1270.00 on the open and turned back down
and that was what we were looking for, and an 11.75 point
trend down move to 1258.25 on the ES (the 1259.00-1258.00
support was our cover zone via audio) and a 25.50 point drop
to 2236.50 on the NQ occurred shortly before 1pm eastern
time. From there the market went trend up and reached the
1266.00 target/ resistance zone before 3:30pm. The pullback
held new support at 1263.00-1262.25 and snapped back into
the close.

The ES had good moves both ways and by holding at the
1258.50-1258.00 zone the market averted a bad day. The way
the market is acting, we could form a new trading range with
good resistance around Monday's highs and good support
around the Tuesday lows. The Nasdaq, which lead the way up,
looks to be top heavy though and should keep the pressure on
if it can not get through the initial resistance zone on
Wednesday.

The weight of the evidence favors more two-sided action
ahead, and possibly a drop to/through Tuesday's lows. That
would be the case if the initial support around the 1262.72-
1262.25 area on the ES and 2244.50-2243.50 area on the NQ is
not defended on Wednesday. So. if there is a higher open, it
should offer another good shorting opportunity for a
pullback to the initial support areas, at least. If those
support zones are not held, then bounces should fail to
break/ hold over the 1266.00-1266.50 zone on the ES and also
the 2252.00-2252.50 zone on the Nasdaq 100 futures. Those
areas will be shorting areas if that support is broken and
the market bounces back. If the 1258 area on the ES is
tested again, then another turn around would need to happen
pretty fast, otherwise the move will turn into more than
just a pullback in an uptrend. On the other side of the
coin, if there is further strength and the 1270 area is
tested again, then beware that the 1268.50-1268.00 area
would then need to hold or a reversal will have occurred and
start a good sized drop.

NOTE: There will be no intraday updates on Wednesday after
noon due to an appointment. Hopefully the nightly update
will not be effected.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1266.00-1266.50
1269.50-1270.25 strong
1272.50-1273.00 key, sell zone
1275.50-1276.50 major


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1262.72-1262.25 key
1258.50-1258.00 strong
1255.25-1254.75
1252.00-1251.25 major


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2252.00-2252.50
2261.50-2262.00 strong
2266.00-2267.00 key, sell zone
2272.00-2273.00 major


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2244.50-2243.50 key
2237.00-2236.00 strong
2230.75-2229.50
2225.50-2224.50 major


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



Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 01/03/11

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

TradeStalker's

Support and Resistance Update

1 / 3 / 2011

(Published Since 1996)

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


Dateline: 5:46 pm eastern time, 1/3/2011


The ES gapped up almost 6 points over the Friday high and
kept going in trend up mode until around 11:40am. The ES
made it to updated resistance at 1272.50 and then the ES
stalled and churned between 1271.25 and 1269.75 new support
going into the afternoon. After the 1269.75 level broke it
turned into resistance and the ES backed off to 1264.50, a
level seen in the first 15 minutes of trading, just before
settlement.

The ES was unable to hold over 1270 and now a test of the
Monday highs will set up a very good shorting opportunity.
The market broke its range on a closing basis, but the big
open left a gap on the daily, weekly, monthly, and yearly
charts so far. Odds are pretty good that we revisit that
area on a pullback fairly soon.

We get the FOMC Minutes at 2pm on Tuesday. If nothing else
it should help keep the market somewhat volatile. The
futures settled under fair value so a modestly lower open is
priced in. If the market does open lower, it should give a
snap back rally of 3-4 points on the ES, and that first
decent bounce should set up a shorting opportunity then when
the upside stalls out. That will be the case as long as the
1270 area is not exceeded and held, instead of reversing as
it should if the market is going into pullback mode.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1269.25-1269.75
1272.50-1273.00
1275.50-1276.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1263.25-1262.75
1258.50-1258.00
1255.25-1254.75
1252.00-1251.25 Bookmark


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2255.00-2256.00
2260.50-2261.00
2266.00-2267.00


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2247.75-2246.75
2237.50-2236.50
2230.75-2229.50
2225.50-2224.50 Bookmark


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



Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 01/02/11

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

TradeStalker's

Support and Resistance Update

1 / 2 / 2011

(Published Since 1996)

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


Dateline: 5:36 pm eastern time, 1/2/2011


The volatility picked up a bit late last week, but the
market is still spinning its wheels up here. The SP500 cash
has closed in a 3 point range between 1256.77 and 1259.78
for 7 straight days. The rallies have not been able to stick
until Friday. Lately the market has rallied early, then gets
sold off. After getting to the bottom of the range, shorts
get uncomfortable while bulls buy them back and reflex
rallies follow. However, as soon as the run up stalls,
shorts get positioned as buyers pull bids and then the
market closes with a drop to end the day. That is toppy
action, and what we got all of last week except for the last
20 minutes for futures trading on Friday.

Still, the market has refused to break down too. That's what
makes a range. A move out of this "comfort zone" should
occur soon. If there is yet another failure to break/ hold
over the 1258.00-1258.50 zone on the ES, and/or we get a
close under that 7 day range, then the market will be
changing on the short to intermediate term. Otherwise, as
long as the 1255.25-1254.75 area is held, break out higher
(that is not quickly reversed) could get the ES towards the
1262.25-1264.00 area before a pullback occurs.

On Monday we get the ISM manufacturing index 30 minutes into
trading. This has been a market mover lately, and could be
something to move the market out of this range. If there is
a pop up and the ES reverses from the 1258.50 area, or gets
over that but then quickly turns back down, then that would
set up a good reward/ risk shorting opportunity. On the
other side of the coin, the ES broke 1255 area late Friday,
and if that is held on an early dip, then the market is
still in uptrends and can try to take out the 1258.50 area.
If that isn't held, then beware that the ES bounced from the
1249.50 area twice last week. If the that area is tested
early on Monday, but gets footing and reverses back up, then
the bottom side of the range holds again and a decent snap
back bounce could occur.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1258.00-1258.50 key
1262.25-1264.00
1267.75-1268.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1255.25-1254.75 key
1252.00-1251.25
1248.75-1248.25 major
1244.75-1244.25


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2225.50-2226.50 key
2234.50-2235.50
2242.00-1243.00


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2217.00-2216.00 key
2212.50-2211.50
2207.50-2206.50 major
2201.50-2200.25


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



Good Trading,
Mike Reed

Copyright (c) 2011 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/29/10

.................................................
TradeStalker's
Support and Resistance Update
12 / 29 / 2010
(Published Since 1996)
...............................................

Dateline: 7:03 pm eastern time, 12/29/2010

A gap up open was sold on Wednesday, starting a 1.50 point
drop on the ES from 1257.00 to 1255.50 to fill the gap on
the daily chart. A bounce to the top side of the 1257.50-
1258.50 major zone was tested 3 times in the afternoon, and
unable to clear major resistance at the 1258.50 high (where
we got swing trade short), the market rolled over and the
futures made their lows in the final minutes of trading.

We get Initial Claims before the open on Thursday, and the
Chicago PMI 15 minutes into the trading day. Then, at 10am,
we get the Pending Home Sales number. The market has been
making new 52 highs commonplace lately, but if the
indicators are right, the market might have made a short
term top on Wednesday. It will take a break and hold over
the 1258.50 level on the ES, and the NQ would also need to
break and hold over its 2235.50 resistance area, otherwise
the market will be vulnerable. Being the last day of the
year, the action could be a bit odd, but unusual action is
something often seen before a top.

On Thursday, as long as the initial support holds early
(meaning no follow through selling) then there is still a
chance for 1 last pop up, but a bounce should be used to get
into a swing trade on the short side. As stated, a move over
the 1258.50 resistance (posted on the resistance table for a
week or more) will be needed to nullify this. If I'm wrong
and 1258.50 and also 2235.50 on the NQ are exceeded, and
held on a dip (not quickly reversed) then a move towards the
1262.25-1264.00 area is possible and there would be an
outside shot of seeing the 1272-1275 area, but lets see how
the market handles that 1258.50 area first.

Lastly, Thursday is last trading day of the month and year.
We want to take this opportunity to wish you and yours all
safe and Happy New Year! We'll be back Sunday night with the
first update of 2011, my 15th year of writing these updates.

March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1
1257.50-1258.50 major
1262.25-1264.00

March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1
1255.00
1253.75-1253.00
1249.75-1248.75 strong
1244.75-1244.25 major

March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1
2234.50-2235.50 major
2239.75-2242.50

March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1
2228.50
2225.50-2224.25
2218.50-2217.75 strong
2208.50-2207.25 major

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

Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/28/10

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

TradeStalker's

Support and Resistance Update

12 / 28 / 2010

(Published Since 1996)

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


Dateline: 5:14 pm eastern time, 12/28/2010


A gap up open was sold on Tuesday, starting a 4.50 point
drop from 1256.00 to 1251.50 on the ES in the first hour of
trading. The market got it's footing and turned up, but it
took a break/ hold over 1253 to keep the upside going. That
happened shortly after 1pm and the ES went to 1255.50 to
double top before pulling back into the close.

The ES was able to bounce back on Tuesday, but the NQ topped
on the open and never made it back. With the rejection of
that resistance, again, the market is staring to lose
momentum and looks to be topping out, or is range bound at
best. In any case, the market looks to be vulnerable unless
the 1256 level is blown through without reversing back down.


On the downside, the initial support was resistance turned
support intraday on Tuesday. A move back under that support
should mean a top of some sort is in place and lower prices
are ahead. The 1249.75-1248.75 on the ES and 2218.50-2217.75
zone on the NQ both are key support areas that should be
held if the market is going to avoid trouble short term.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1255.50-1256.00
1257.50-1258.50 major
1262.25-1264.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1253.75-1253.00
1251.50
1249.75-1248.75 strong
1244.75-1244.25 major


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2228.50-2229.25
2233.50-2234.50
2237.75-2238.50 major


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2225.50-2224.25
2221.25
2218.50-2217.75
2208.50-2207.25


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/27/10

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

TradeStalker's

Support and Resistance Update

12 / 27 / 2010

(Published Since 1996)

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


Dateline: 5:54 pm eastern time, 12/27/2010

The market gapped down on the open on Monday and while the
ES bounced the NQ continued going lower until about 40
minutes into trading. The ES bounced from 1247.00 to 1251.00
then found support at 1249.75 for nearly an hour. The break
over 1251 kept the trend-up move in gear to the 1253.50-
1254.00 initial fixed resistance. The ES reached 1253.75 but
the dips were small and 1252.75 turned into new trend up
support and it kept the market in rally mode until selling
started with 15 minutes left. From the 1254.25 level on the
ES and 2232.50-2333.50 zone on the NQ, the market pulled
back a bit into the close.

We get the Consumer Confidence release 30 minutes into
trading on Tuesday. It was a trend up day on Monday, but
again buyers backed off after reaching the 1254 level on the
ES and 2234 level on the NQ. Those are the resistance levels
that need to be cleared/ held to break out of the top of the
ranges and possibly get the ES to the 1257.50-1258.50 zone
(or higher if melt-up not reversed).

In order to get through those initial resistance areas, the
initial support at the 1252.75-1252.25 area on the ES needs
to be defended. If it is not held, then the trends will
reverse and a decent pullback should occur. If that is the
case, then a drop towards the 1249.75-1248.75 zone on the ES
(and also the 2220.50-2218.75 zone on the NQ) would be next.
A reversal back up from those areas would need to happen
fast if they are tested, otherwise a break down could be in
the works and confirm a double top. Finally, if there is a
drop into the last hour of trading on Tuesday, beware of a
reversal back up and especially if the NYSE Advancing issues
minus Declining issues is greater than +300. If the breadth
is negative at that time then a bounce won't stick.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1254.25-1255.00
1257.50-1258.50 major
1262.25-1264.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1252.75-1252.25 key
1249.75-1248.75 strong
1244.75-1244.25 major


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2233.50-2234.50
2237.75-2238.50 major
2244.25-1246.00


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2229.00-2228.50 key
2220.50-2218.75 strong
2214.00-2213.25 major


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/26/10

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

TradeStalker's

Support and Resistance Update

12 / 26 / 2010

(Published Since 1996)

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


Dateline: 5:34 pm eastern time, 12/26/2010

The market rallied again last week, making new 52 week highs
each day until a pullback on Thursday. The move was a boring
grind higher on light volume, and there was a series of
narrow range days. On Monday through Thursday the ES had
ranges of 9.50, 6.00, 4.50, and 5.00 points, respectively.
It has been a non-volatile move up, with the largest
pullback over the last 3 days being the 4.50 point pullback
on Thursday afternoon. No doubt, this was partially due to
it being a holiday week, but the low volatility is normally
a sign of losing momentum and often seen near market tops.

The sentiment picture is getting more extreme. The Investors
Intelligence data has the number of bullish advisory
services at a level seen about a month before the 2007 top.
The SP500/Vix ratio reached 81.5 on Wednesday. The last time
this ratio was in the 80's was May 15th, 2008. The SP500
cash topped on closing basis 2 trading days later, then
dropped 50 SP500 points in 4 days, and 210 SP500 points in
about 2 months to a July 15 temporary low.

That said, the market is coming into the most bullish period
of a month, normally the last 2 days of the month an first
day of a new month. If the upside is going to continue, then
the 1249.50-1248.50 zone on the ES and the 2225.00-2223.50
zone on the NQ need to hold on a pullback. On the upside, a
move to the 1257.50-1258.50 zone on the ES should be
rejected if the market is topping out. To start a topping
process and/ or turn the trend, we need a close below the
low of the high day, which is at the 1250.50 level on
Monday.

On Monday, look for early strength to be reversed in the
first 40 minutes of trading, at the latest. If that occurs,
then the first decent pullback needs to stay over the
1250.75 area on the ES, or quickly reverse if broken,
otherwise things will likely be changing short term and the
bounces then should be sold. If that is held on a dip, then
the market can still try to push higher. If that happens,
trail a tight stop on any longs and beware that bounces
likely won't be able to stick over the 1258 area on the ES.
However, if that area is not a problem, then a push over
1260 is not impossible but shouldn't hold on the first trip
over that level.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1253.50-1254.00
1257.75-1258.50 major
1262.25-1264.00

March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1250.75
1249.50-1248.50 key
1244.75-1244.25
1240.00-1239.25
1236.25-1235.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2232.50-2333.50
2237.75-2238.50 major
2244.25-1246.00

March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2227.00
2225.00-2223.50 key
2218.25-2217.75
2212.50-2211.50
2205.50-2204.50


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/21/10

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

TradeStalker's

Support and Resistance Update

12 / 21 / 2010

(Published Since 1996)

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


Dateline: 5:59 pm eastern time, 12/21/2010

The ES gapped up again on Tuesday and had trouble getting
through the 1247.50-1248.50 zone initially, but after
breaking/ holding over that zone the ES stayed in trend up
mode into the last 30 minutes. After finally getting through
the 1250 level, the ES reached 1251.25 and then dipped to
1249.50 before bouncing into settlement.

The market continues its melt-up mode but there will soon be
a sizable pullback. As long as the 1249.50-1248.75 zone on
the ES is defended, the trends will stay up and the market
can try to move towards the 1252.00-1252.75 area, or
possibly a bit higher on the ES. However, if that zone is
broken, then it opens the door for a deeper drop and
possibly a short to intermediate term top.

There is a batch of economic data released before the open
on Wednesday. Then 30 minutes into trading we get the
Existing Home Sales data. So, if an early dip holds the
1249.50-1248.75 initial support and turns back up, then
there should be a bounce back to the 1252 area on the ES
before a pullback/ selloff begins. If the ES is strong
enough to blow through 1252 and hold, then a last gasp run
towards the 1257.75-1258.50 zone is possible. If that IS
reached this week, be on reversal alert for a very good odds
short. On a pullback, if that 1249.50-1248.75 support zone
is not defended, then the upside pace will be broken and the
bounces should then have trouble holding any gains.


NOTE: This will be the last nightly update, as we will
be taking Thursday off. Everyone have a great Holiday!
The next nightly update will be sent on Sunday night.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1252.00-1252.75
1254.50-1255.00
1257.75-1258.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1249.50-1248.75
1245.75-1245.25
1240.00-1239.25
1236.25-1235.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2238.50-2239.25
2244.00-2244.75
2250.50-2250.25


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2232.00-2231.50
2225.00-2224.25
2216.50-2215.50
2205.50-2204.50


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/20/10

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

TradeStalker's

Support and Resistance Update

12 / 20 / 2010

(Published Since 1996)

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


Dateline: 6:26 pm eastern time, 12/20/2010


The ES gapped up to the 1243.00-1243.50 resistance on
Monday's open (1243.50 early high) and when the 1241.75
level broke the downside was trend down 7 ES points to
1236.25 by 11:15 am. The NQ made a double bottom at that time
and then a rally started. A test of 1242 gave just a small
dip and then after 1242 was cleared it turned into support
for a move to 1245.75. A small double top at that level was
reversed and a drop to 1242.25 support followed. A bounce to
the updated 1243.75-1244.25 zone was sold and the ES dropped
to 1241.00 just before settlement.

The past several days the market has sold off early, only to
come back and close at new highs for the year. On Monday we
had it both ways again, with the gap up open being sold and
then the first good sized drop was bought. This time
however, the market found a high in the 2:30-2:40 pm time-
frame and sold off into the close. The market doesn't like
it in new high territory the first time around. If there is
another run up to test/ exceed the Monday highs, it should
only set up another good odds shorting opportunity when the
move stalls out.

On Tuesday we could get a bit more of the same action. If
the initial support is held, and reversed, then a pop up to
test the initial resistance areas is possible. If the market
is weak then the initial resistance areas will be rejected,
if reached at all. However, if the market is strong enough
to get back over the initial resistance areas, and then
holds over the 1243 area on the ES on a dip, then the trends
turn up and it would be possible for a move towards the
1247.50-1248.50 zone before a turn back down. If that area
is seen, and the move stalls or shows rejection of that
zone, then it should set up a good reward/ risk opportunity
on the short side.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1243.75-1244.25
1245.75-1246.25
1247.50-1248.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1240.00-1239.25
1236.25-1235.50
1232.00-1231.50
1227.50-1226.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2226.50-2227.25
2230.00-2231.00
2238.25-2239.25


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2216.50-2215.50
2205.50-2204.50
2199.50-2198.50
2192.75-2192.00


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/19/10

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

TradeStalker's

Support and Resistance Update

12 / 19 / 2010

(Published Since 1996)

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


Dateline: 5:36 pm eastern time, 12/19/2010


We had a volatile week while in a pretty small range. The ES
double topped at the 1242.00 level on Monday and Tuesday,
but the moves didn't stick on either day. On Thursday
morning the ES dropped to the 1227.50 key support area and
turned back up, and the rally back took the market averages
back to key areas by Friday afternoon. The 1241.00 level on
the ES turned into a lid overhead, and once the ES broke
1239.75 the symmetry broke and the market pulled back into
the close.

My sentiment gauges are at extremes not often seen. The Vix
closed at 16.11 on Friday. This could be partially due to
expectations of a quiet holiday week ahead. It's not the raw
number that's meaningful, but pretty good when used right.
The SP500/Vix ratio reached 77.21, and is more than 15%
above its 25 day average. That is stretched, and should soon
revert to the mean. Also, the last time that ratio was above
77 was April 14th, 2010 and after a few days of pullback,
the market rallied to a slightly higher high and then fell
more than 200 points on the SP500 to the July low. In
addition to that, the 10 day put/call ratio is at its lowest
level since the April top. Along with the overly bullish
crowd, the small ranges are getting old. Small range days
tend to occur near tops, and bottoms occur when volatility
is high.

The market reached a short term oversold condition on
Wednesday and now most gauges are neutral. The market is
range bound currently, and the 1227.50 low on the ES made
last week is a major area to hold. The top of the ranges,
and the 11500 level on the Dow cash were rejected on Friday.
This is a short holiday week, but unless those zones are
cleared soon, the market is vulnerable. However, even if
they are cleared and the move goes another 10 points or so
higher on the SP500, the way things are looking, it won't be
too long before a good sized correction sets in.

On Friday the 1235 support was broken by half of a point and
the market rallied back. The day didn't end well though, and
the Nasdaq futures led the way lower, making a new low for
the day in the final few minutes. So, look for shorting
opportunities if there is a bounce to test the initial
resistance and the move stalls or reverses. Only a move over
those zones that holds gets the market into a last gasp
rally mode. Otherwise, the market is still vulnerable and
that 1227.50 area is a major support that must be reversed
again to avoid a bigger correction.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1240.25-1241.00 *11500 Dow CASH*
1143.00-1243.50
1247.00-1247.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1238.00-1237.50
1235.00-1234.50
1232.00-1231.50
1227.50-1226.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2220.00-2220.50
2226.25-2227.25
2238.25-2239.25


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2212.50-2211.50
2208.50-2207.00
2199.50-2198.50
2192.75-2192.00


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/16/10

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

TradeStalker's

Support and Resistance Update

12 / 16 / 2010

(Published Since 1996)

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


Dateline: 5:45 pm eastern time, 12/16/2010


The ES popped up to 1233.75 in the first 10 minutes and then
reversed and plunged to 1227.50 (the 1227.25-1226.50 major
support) about 35 minutes into the day. A reversal off of
that area was sold at first, but the 1229.00 level turned
into good support (and nice exit of a swing trade) and a run
to 1237.00 followed. The updated support at 1235.50-1235.00
held and a double top was was made at 1239.25 (in the
1238.50-1239.50 resistance zone) before rolling over. The
1235.50 support held with about 30 minutes left and the ES
ran up to 1239.75 just before the close.

This is an amazingly resilient market, and we could continue
to move higher (or at least stay range-bound) if the last
hour lows on Thursday are defended on a pullback. The ES
reached the major 1227.25-1226.50 zone, but reversed very
fast as it spent very little time under 1229 level. The
1238.50-1239.50 area gave a double top intraday on Thursday,
but the pullback held what should now be a key support area
at 1235.50-1235.00 on the ES.

On Friday look for early strength to be sold, especially if
the 1239.75 area is tested and rejected. If the market
obliges and gives a decent pullback to test the 1235.50-
1235.00 zone, then beware of a turn back up. As long as that
area holds, then the market avoids trouble. However, if that
area is broken, then any bounces thereafter should then set
up shorting opportunity when the move stalls out. The
Thursday low at the 1227.50 support zone should be a good
short term low. However, if that is somehow broken then the
charts will look ugly and it could mean the start of more
than a 2 and a half day pullback.




March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1239.25-1239.75 key
1142.50-1243.00 major
1247.00-1247.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1238.00
1235.50-1235.00
1232.00-1231.50
1227.50-1226.50


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2224.00-2224.75 key
2229.25-2230.25 major
2238.25-2239.25


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2217.50
2215.50-2215.00
2209.25-2208.50
2198.00-2196.00


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/15/10

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

TradeStalker's

Support and Resistance Update

12 / 15 / 2010

(Published Since 1996)

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


Dateline: 6:16 pm eastern time, 12/15/2010


The lower open was reversed back up from 1233.75 (1233.50-
1232.50 initial support) and the ES bounced to 1139.50
(1238.50-1239.50 initial resistance) before stalling out. A
small dip then a pop to 1239.25 reversed, setting up a 1-2-3
top and the ES fell to 1235.75 and churned a bit. The
1237.00 level was reached, and unable to clear that, we re-
entered shorts and a drop to 1232.00 followed. A move back
to 1235.25 (1235.00-1235.50 updated resistance) on the ES
and 11500 on the Dow failed, building another rising wedge
in the process. That set up another short and the market
obliged and dropped 6.50 ES points to 1228.75 by 3pm. The
1232.50-1232.00 area was resistance turned support after
1234.00 was reached, and a dip to 1232.50 set up a trade on
the long side and a move to 1234.75 (just under our 1235.00-
1235.50 resistance) before dropping back to 1230.00 just
before the close.

The market acts like it might want to snap back a bit on
Thursday, but if it does the move will likely be sold once
again. For 3 days in a row, the ES either couldn't hold or
rejected the 1240 level. If there is a bounce, the 1235 area
will need to be exceeded and held, not quickly reverse.
Otherwise, the market remains vulnerable and a drop to test/
break the Wednesday lows should be in the cards before an
attempt to move higher.

The futures ended the day well above fair value, so a higher
open for stocks is priced in. If the market opens lower and
can reverse back up in the first 40 minutes at the latest, a
decent bounce can occur. However, don't expect the move to
stick unless the 1235 area is cleared, and can hold on a
pullback. If that doesn't happen, then there should be one
more push lower towards the 1227.25-1226.50 key zone, which
the bulls need to defend by reversing back the move back up
quickly. If that doesn't happen, then the market has
problems and it's possible for the ES to fall another 10
points before getting turned back around.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1234.75-1235.25
1238.50-1239.50
1242.25-1242.50


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1231.50 - 2201.00
1229.50-1229.00
1227.25-1226.50
1224.25-1223.75


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2207.50-2208.00
2214.50-2215.25
2222.50-2223.50


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2196.75-2196.00
2193.50-2192.50
2188.00-2187.50


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/14/10

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

TradeStalker's

Support and Resistance Update

12 / 14 / 2010

(Published Since 1996)

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


Dateline: 6:56 pm eastern time, 12/14/2010


The ES popped up to 1239.00 (1238.75-1239.50 initial
resistance) resistance on the open, and then dropped 2.75
points to 1236.25 (Monday's close) and then turned up. A
rally to 1240.75 followed, then after a drop held the 1238
updated support, a stair step trend-up to 1241.50 lasted
into the Fed release. After the release, a drop then a pop
to 1242.25 resistance was rejected, and a drop to 1237.00
followed. A feeble bounce to 1239.75 stalled out, allowing a
good shorting opportunity for a drop to the 1234.00-1233.25
zone on day trades. The ES reached 1232.75 with 20 minutes
left in stock trading, and then bounced to 1237.50 by the
close.

The ES failed at 1242 on Monday and Tuesday and has turned
into a key resistance. The market is still range bound, but
the crowd is extremely bullish. The 10 day put/ call ratio
reached .47 and is at its lowest level in many months. It's
also 2 standard deviations from the yearly average. The Vix
is also showing complacency. The crowd is usually wrong at
highs/ lows and these are red flags.

The averages made new yearly highs on Tuesday, but the
internal gauges are not in very good shape either. The ES
has found the initial resistance zones as pivotal lately.
They should be hard to break and hold. If they do, then the
ES sure hasn't held over 1241 very long, so if that level is
exceeded and then broken back to the downside, then it
should set up a very good shorting opportunity.

That said, with a poor technical backdrop along with overly
bullish crowd (and a market having trouble holding gains)
there should be more to go on the downside on Wednesday. If
there is early strength, it should set up a very good
reward/ risk opportunity on the short side if the initial
resistance is reached. On the downside, if the 1233.50-
1232.50 zone on the ES is tested, and then reversed back up,
a decent bounce could occur. If that happens, then a bounce
back of around 4-5 points on the ES should fail if the
market is going to work its way lower and head towards the
1230.50-1230.00 zone, and possibly fall towards the 1227.25-
1226.50 area where there should be key support. If that zone
is not reversed, then a top of some sort will be confirmed
short term, and the downside could gather momentum. If that
zone is reversed, then a good rally could still occur.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1238.50-1239.50
1242.25-1242.50
1244.50-1245.00
1247.25-1248.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1233.50-1232.50
1230.50-1230.00
1227.25-1226.50
1224.25-1223.75


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2216.50-2217.00
2200.00-2220.50
12224.25-2225.50
2237.50-2238.50


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2205.00-2204.25
2198.75-2197.75
2193.50-2192.50
2189.00-2188.00


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/13/10

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

TradeStalker's

Support and Resistance Update

12 / 13 / 2010

(Published Since 1996)

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


Dateline: 5:46 pm eastern time, 12/13/2010


The ES gapped up to 1240.50 on the open on Monday, and that
early strength was sold and the ES dropped to 1236.50, just
missing a gap fill by 1 tick, then turned back up. The ES
bounced to 1241.50 and then pulled back and went sideways
for a few hours. A pop to 1242.00, right at the 1241.75-
1242.50 resistance, gave a double top (and good short entry)
and the break of 1240.50 then pushed the market down to new
lows for the day, with the ES reaching 1235.25 before the
close.

We get PPI and Retail Sales before the open on Tuesday, and
a Fed Rate Decision at 2 pm. the Vix dropped under 17 on
Monday and turned up, and that sentiment shift gave 2 sell
signals. The market was under distribution almost all the
way up to the 1242 double top on Monday, and finally let go
at the end of the day. That 1242.00-1242.75 zone on the ES
area should be hard to break and hold if reached again.

On Fed days, a trend move into the release tends to be
reversed, so if that happens beware. The market ended the
day in downtrends, so if there is early weakness it should
set up a snap back rally. If that occurs, don't expect it to
stick. If the initial resistance is not rejected, but
instead is cleared and the 1242.00-1242.75 zone on the ES
and/or 2220.00-2220.50 area on the NQ is tested again, it
should be sold. If the market pushes through those areas,
then a last gasp run up towards the 1247.25-1248.00 would be
possible.

On the downside, if the initial support is tested and not
quickly reversed, the 1230.50-1230.00 area should be a make/
break area. If we can hold that area, then a bounce of at
least 5 points on the ES should occur, otherwise a decent
sized pullback/ correction would be underway.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1238.75-1239.50
1242.00-1242.75
1244.50-1245.00
1247.25-1248.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1234.00-1233.25
1230.50-1230.00
1227.25-1226.50
1224.25-1223.75


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2216.50-2217.25
2220.00-2220.50
2224.25-2225.50
2237.50-2238.50


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2106.25-2205.50
2198.75-2197.75
2193.50-2192.50
2189.00-2188.00


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/12/10

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

TradeStalker's

Support and Resistance Update

12 / 12 / 2010

(Published Since 1996)

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


Dateline: 5:35 pm eastern time, 12/12/2010


A higher open on Friday and the ES peaked at 1232.00 and
then fell to 1227.25 and snapped back up to 1231.00. The
1229.00 was new support, and that held around noon, and a
trend up move to 1235.25 lasted into the 2:20 pm timeframe.
Another 2 point drop to 1233.25 was quickly reversed and a
test of 1235.25 set up a 1-2-3 top. The drop was just 2
points again and right at 1233.25 and then the market
rallied into the close.

Friday turned out to be a trend up day, so expect a more
two-sided day on Monday. The market still has a good bid
come in on the pullbacks when the downside stalls out. Until
Friday afternoon, the moves wouldn't stick on the upside, so
now the key support is at the 1227.25-1226.50 zone. A break
of that area would dent the bigger trend upside momentum.

On Friday the dips were about 2 points on the ES all day
long. On Monday, if there is early strength and it reverses
in the first 20-40 minutes at the latest, then it should set
up a trade on the short side. If there is a pullback bigger
than 2 points on the ES, or a break of the 1234.00-1233.25
zone on the ES and the 2212.00-2211.50 area on the NQ, then
the intraday trends are rolling over and a move towards the
1230.50-1230.00 area, and possibly the key 1227.25-1226.50
area is in the works. However, as long as a dip is just 2
points or holds over the 1233.25 area, then the rally will
still be in gear.



March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1236.25
1237.75-1238.25 *strong
1241.75-1242.50 *major
1247.25-1248.00


March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1234.00-1233.25
1230.50-1230.00
1227.25-1226.50 *key
1224.25-1223.75 *major
1220.25-1219.75
1217.50-1217.00


March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2216.75
2219.75-2220.50 *strong
2225.75-2226.75 *major
2237.50-2238.50


March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2212.00-2211.50
2207.75-2106.75
2198.75-2197.75 *key
2194.50-2194.00 *major
2189.00-2188.00
2183.00-2182.00


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/09/10

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

TradeStalker's

Support and Resistance Update

12 / 9 / 2010

(Published Since 1996)

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


Dateline: 6:44 pm eastern time, 12/9/2010


The market gapped up almost 6.00 points on the ES on
Thursday and reversed from 1235.00 (just under the 1235.50-
1236.50 zone reached pre-open) and then went trend down
until noon. The ES reached 1226.50 and bounced back, and
then after trading sideways just over the 1228 level, a run
up to 1232.50 updated resistance was reversed. A pullback to
1228.75 held in the market got its footing and popped back
up to 1231.75. There was just a small dip, and then at 3:30
PM a short covering run up to 1234.00 started. A pullback to
1231.50 followed that, and then the futures rallied to test
the 1234.00 level just before the close.

The indicators are mostly overbought short term, except not
as much as yesterday. The sentiment grew even more
complacent as the Vix dropped to 17.25. The SPX/VIX ratio
reached 71.50, and is above the top bollinger band, which
hasn't happened since the April 23Th top.

That said, the market is still in uptrends, and although the
pullbacks have been holding, the action is a bit toppy also.
If the initial resistance areas are cleared, and not quickly
reversed, it could keep the upside going in a mini melt-up
type of move. Otherwise, the market will stay in a trading
range for now. To break the uptrend, and put the market
under pressure, the 1224.25-1223.75 zone on the March ES
futures would need to be broken, and not quickly reverse
back up.

So, if there is early strength and the 1230.00-1230.50 zone
on the March ES is reached, beware of a reversal there as
the bids have dried up up there, and then pullbacks begin.
Also, the March NQ has good resistance at its 2201.75-
2202.50 zone. If those are cut through, then the 1234.00-
1234.50 area is in the cards on the upside. However, if
those resistance areas are rejected, then a drop to the
initial support at least should be tested. If held, then no
damage is done and another bounce could occur. If the
initial support is not held, then again the 1224.25-1223.75
zone on the March ES futures would need to be defended or
else a good sized drop could occur.

NOTE: Roll-over to March 2011 futures started today.
The numbers going forward will be for the March
contracts.

Also, there will be no updates after 1pm on Friday due
to an appointment.


March 2011 SP futures resistance
symbols: emini = esh1 / big contract =sph1

1230.00-1230.50
1234.00-1234.50
1237.75-1238.25

March 2011 SP futures support
symbols: emini = esh1 / big contract =sph1

1226.50
1224.25-1223.75
1220.25-1219.75
1217.50-1217.00

March 2011 Nasdaq futures resistance
symbols: emini = nqh1 / big contract = ndh1

2201.75-2202.50
2207.50-2208.50
2212.75-2214.00

March 2011 Nasdaq futures support
symbols: emini = nqh1 / big contract = ndh1

2196.50
2194.50-2194.00
2189.00-2188.00
2183.00-2182.00


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 12/08/10

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

TradeStalker's

Support and Resistance Update

12 / 8 / 2010

(Published Since 1996)

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


Dateline: 6:06 pm eastern time, 12/8/2010

A higher open was sold on Wednesday after poking just over
the 1227.75-1228.50 zone on the ES about 20 minutes into
trading, and then it was trend down to 1219.00. A rebound to
test the 1228.75 early high failed, and a pullback to
1224.75 was reversed in the last 30 minutes and the market
rallied back to test the high at the close.

The market had a good underlying bid on the dips on
Wednesday, but didn't like it above the 1228 level on the
ES. If that is broken on Thursday morning, then the initial
support areas will need to be defended to stay in a trading
range. As long as the 1224.00 area holds, no damage is done.
However, if it's broken, then a top should be in place and
bounces will be shorting opportunities.

On the other side of the coin, if 1228.00 is held, or
quickly reversed if broken, then a run up to the 1232.50-
1233.50 area is in the cards. If bids dry up, and then 1230
isn't defended on a pullback, a reversal is occurring. If
somehow the 1233.50 area is cut through easily, the 1236.50-
1237.25 area could be seen before the market reverses.

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

1230.25
1232.00-1232.50
1235.50-1236.50
1241.75-1242.50

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

1224.75-1224.00
1220.50-1220.00
1217.00-1216.25
1212.50-1211.75

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

2203.50
2210.50-2211.25
2216.50-2217.50
2225.75-2226.75

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

2193.75-2192.75
2186.75-2185.75
2181.25-2180.50
2174.00-2172.50


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


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