TradeStalker's RBI Update 08/03/08

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

TradeStalker's

R.B.I. Trader's Update

8 / 3 / 2008

(Published Since 1996)

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


Dateline: 5:05 pm eastern time, 8/3/2008

** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

The market rallied into Wednesday and early Thursday of last
week, but the SP futures were turned back from near the top
of the big trading range. After making a double top at
1285.00 on the SP futures, the market backed off pretty hard
from late Thursday to Friday morning. After making lows in
the first 30 minutes of trading on Friday, the market
bounced back and forth within channels on the intraday
charts as the market tried to get its footing after the
sharp drop.

As stated before I left, this market looks like the market
could stay in a big trading range for awhile. The SP futures
came close to the top of the range at 1291, but the double
top and rejection from the 1285 level put the market back
into downtrends. Also, the 1250.50-1249.75 area on the SP
futures still looks to be a key support zone. That area will
be a magnet if the initial support is broken and not quickly
reversed on Monday. The market needs to break the channels
that formed on Friday to get a decent move going.

On Monday look for early strength to set up a shorting
opportunity as soon as the move stalls / reverses,
especially if there's another reversal from the initial
resistance areas. If that plays out, then the first pullback
will set up a trade on the long side as long as any early
selling is turned back up from the initial support areas. If
those support areas are not defended, then shorting bounces
should offer the better opportunities as long as the initial
resistance zones are not broken and held.

The initial resistance is at the 1263.55-1264.50 area on the
SP futures and the 1837.75-1838.25 area on the Nasdaq
futures. If those are not rejected again, then the door is
open for a rally towards the 1271.50-1272.00 area on the SP
futures and the 1854.25-1855.50 area on the Nasdaq futures.
If the market gets up there, and doesn't turn back down
quickly, then a move could extend and test the big
resistance now at the 1284.50-1285.00 area on the SP futures
and the 1876.50-1878.50 area on the Nasdaq futures.

The initial support is at the 1254.00-1253.50 area on the SP
futures and the 1817.00-1816.50 area on the Nasdaq futures.
If the market goes under those levels, and cannot quickly
reverse, then the market should head for the 1250.50-1249.75
area on the SP futures and the 1808.00-1807.50 area on the
Nasdaq futures. Those would be key support. If broken, and
not quickly reversed, then a drop towards the 1244.00-
1243.50 area on the SP futures and the 1800.00-1798.50 area
on the Nasdaq futures would need to hold. If it doesn't,
then the market is in some trouble and the 1238.00-1237.50
area on the SP futures and the 1788.00-1787.00 area on the
Nasdaq futures would be key support that needs to hold,
otherwise a test of the 1225.50-1224.50 area on the SP
futures could be in the cards.



September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1263.55-1264.50
1271.50-1272.00
1284.50-1285.00


September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1254.00-1253.50
1250.50-1249.75
1244.00-1243.50
1238.00-1237.50
1225.50-1224.50


September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1837.75-1838.25
1854.25-1855.50
1876.50-1878.50


September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1817.00-1816.50
1808.00-1807.50
1800.00-1798.50
1788.00-1787.00


September 2008 Dow futures resistance
symbols: emini = ymu8

11353-11358
11409-11413
11541-11544


September 2008 Dow futures support
symbols: emini = ymu8

11259-11254
11226-11222
11171-11165
11112-11106


September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

718.80-719.30
721.60-722.20
729.50-729.90


September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

711.80-711.50
704.80-704.50
700.80-700.30
697.60-697.10


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/29/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 29 / 2008

(Published Since 1996)

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


Dateline: 8:33 pm eastern time, 7/29/2008


*** NOTE: We are leaving for a short but deserved vacation
on Wednesday morning, and will be away until Sunday,
August 3rd. The next regular update will be sent on Sunday
night, August 3rd.

Good trading,
Mike

The market opened higher on Tuesday and then pulled back.
The dip was bought and the SP futures rallied to the
1250.00-1250.50 resistance zone. They pulled back to the
updated support and then headed back up in a stair-step move
higher, the SP futures reached the 1256.50 resistance level,
and after a brief pop to 1257.00 they reversed and dropped
to 1252.25. A bounce to a lower high at 1256.00 turned and
that 1-2-3 top pattern started a drop to 1250.00 on the SP
futures with just over an hour left in the day. The bulls
defended the 1250 level and the market caught fire in the
last 75 minutes as the SP futures rallied all the way to the
resistance at 1263.00 before pulling back into their
settlement.

The market did the abnormal and had a basic trend-up day on
Tuesday. The only fly in the ointment is that the Nasdaq
futures made its high in the morning, and then was turned
down each time it poked up to the 1852 area. It looks like
the market is in a very big trading range and might put
together a rally that tests the 1291 high, or go a bit
higher. We'll see though. If the VIX drops under 20.30
and then reverses back up, it will give a number of sell
signals. Watch this if the market follows through and can
rally a bit further.

The 1250.50-1249.75 area on the SP futures is in about the
middle of this big range, and should be pivotal. The last 2
days of the month have a bullish bias historically, so as
long as the SP futures stay over that 1250.50-1249.75 area
the market will be okay. If that area is broken, and not
quickly reversed, then things change and a move back towards
the 1233-1232 zone on the SP futures is likely.

On Wednesday look for early strength to set up a shorting
opportunity as soon as the move stalls/reverses. If the
market obliges, then be ready to cover and get long if the
first decent pullback holds at or above the initial
resistance areas. Also, keep an eye on the Nasdaq futures as
the action there should either help or hinder the rest of
the market on Wednesday.

The initial resistance is at the 1263.00-1263.50 area on the
SP futures and the 1844.75-1845.75 area on the Nasdaq
futures. That was a lid on the SP futures, so if the market
gets through those areas then there could be a run to the
1268.50-1270.25 area on the SP futures and the 1851.50-
1854.00 area on the Nasdaq futures. That area looks
important for the Nasdaq futures, so if a rally stalls up
there, be on alert for a reversal. However, if both of those
areas are cleared, then the door is open for a rally towards
the 1274.50-1275.00 area on the SP futures and the 1858.75-
1860.25 area on the Nasdaq futures.

The initial support is at the 1256.50-1256.00 area on the SP
futures and the 1838.75-1838.00 area on the Nasdaq futures.
Those areas should hold if the rally is going to continue.
If those are tested and not turned back up quickly, then the
market could test the 1250.50-1249.75 area on the SP futures
and the 1831.25-1830.50 area on the Nasdaq futures. If those
areas do not hold, then the market is back in downtrends and
a move towards the 1244.50-1244.00 area on the SP futures
and the 1824.50-1823.75 area on the Nasdaq futures would
need to hold to avoid another big down day.

*** NOTE: We are leaving for a short but deserved vacation
on Wednesday morning, and will be away until Sunday, August
3rd. The next regular update will be sent on Sunday night,
August 3rd.

September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1263.00-1263.50
1268.50-1270.25
1274.50-1275.00


September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1256.50-1256.00
1250.50-1249.75
1244.50-1244.00


September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1844.75-1845.75
1851.50-1854.00
1858.75-1860.25


September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1838.75-1838.00
1831.25-1830.50
1824.50-1823.75


September 2008 Dow futures resistance
symbols: emini = ymu8

11379-11384
11445-11452
11482-11486


September 2008 Dow futures support
symbols: emini = ymu8

11329-11324
11269-11264
11195-11192


September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

715.40-716.00
719.60-719.90
723.10-723.50


September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

710.00-709.50
706.10-705.40
700.10-699.60


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/28/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 28 / 2008

(Published Since 1996)

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


Dateline: 6:46 pm eastern time, 7/28/2008

** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

The market opened slightly higher on Monday, but after about
30 minutes of trading the SP futures popped over and then
reversed back through the 1258.00-1258.50 zone and the
pressure was on. After breaking 11320 and holding on the Dow
cash, the blue chips led the market steadily lower for most
of the day. Once the key support at the 1251.00 level on the
SP futures was broken, it turned into resistance and they
fell to the 1241.00 support before a bounce. The bounce
couldn't stick over 1244, as the move quickly reversed and
the trend down move continued. The selloff lasted into the
close of stock trading in what was an ugly day for the
bulls.

We get the Consumer Confidence number 30 minutes into the
trading day on Tuesday. A good number is needed as the
market looks destined to head to test the years lows if
there isn't a turn back up very soon. Trend days are often
times followed by choppy, two-sided action as the market
digests the damage that was done. We will likely get that on
Tuesday, but shorting the bounces should offer the better
odds trades unless the trends turn back up.

On Tuesday if there is follow through weakness, look to get
long but only on a reversal. If that plays out, don't fall
in love with the long side yet. It will take a break and
hold over the initial resistance areas to put a dent in the
downside momentum. The first decent bounce should set up a
better odds trade on the short side as soon as a bounce back
stalls and/or reverses.

The first good resistance is at the 1244.00-1244.50 area on
the SP futures and the 1823.75-1824.50 area on the Nasdaq
futures. If those areas are broken and not quickly reversed,
then the next hurdles would be at the 1250.00-1250.50 area
on the SP futures and the 1832.50-1833.50 area on the Nasdaq
futures. If the market gets back up there and the move does
not fail, then the door would be open for a move towards the
1256.50 level on the SP futures and the 1848.50 level on the
Nasdaq futures. If the market has reason to rally, and those
areas do not cause a reaction, then the major short term
resistance is at the 1261.50-1263.00 area on the SP futures.

There is support at the 1233.00-1232.50 area on the SP
futures and the 1809.50-1809.00 area on the Nasdaq futures.
If the market cannot quickly reverse from those areas, then
beware of a potential reversal from the 1228.50-1228.00 area
on the SP futures and the 1800.50-1800.00 area on the Nasdaq
futures. If that doesn't play out, then there should be
pretty good support at the 1225.50-1224.50 area on the SP
futures and the 1789.25-1787.50 area on the Nasdaq futures.
If those zones are reached and there isn't a very quick
reversal, then the downside could gather some steam and take
the market towards the 1218.50-1217.50 area on the SP
futures and the 1778.50-1777.50 area on the Nasdaq futures.



September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1244.00-1244.50
1250.00-1250.50
1256.50
1261.50-1263.00


September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1233.00-1232.50
1228.50-1228.00
1225.50-1224.50
1218.50-1217.50


September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1823.75-1824.50
1832.50-1833.50
1848.50


September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1809.50-1809.00
1800.50-1800.00
1789.25-1787.50
1778.50-1777.50


September 2008 Dow futures resistance
symbols: emini = ymu8

11192-11195
11233-11237
11342


September 2008 Dow futures support
symbols: emini = ymu8

11106-11102
11064-11061
11042-11038
10978-10973


September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

699.60-700.10
703.10-703.50
707.70


September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

694.00-693.50
691.40-691.00
688.60-687.90
683.40-682.90


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/27/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 27 / 2008

(Published Since 1996)

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


Dateline: 5:43 pm eastern time, 7/27/2008

** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

The market opened higher on Friday and quickly pulled back
from 1258.50 to 1252.25 on the SP futures in the first 15
minutes of trading. That pullback held the Thursday lows and
turned up, and the SP futures rallied towards the 1263.25-
1263.75 resistance zone. Off of a 1263.00 high, the SP
futures dropped 8 points to 1254.75 and then bounced back.
The bounce reached 1262.50 and the market reversed again,
falling 5.50 points on the SP futures to 1257.00. Another
pop followed, but it didn't clear the key resistance, and
the SP futures fell to test the 1251.50-1251.00 initial
support zone. The test passed, as the SP futures reversed
off of a 1251.00 low and rallied to the updated resistance
at 1258.50. The SP futures dropped 6.25 points to 1252.25
and bounced back to 1258.50 at the 4 pm close for stocks.
After stocks closed, the SP futures dropped 5.25 points to
1253.25 and settled at a 3.96 point discount to the cash
index.

The market spent Friday playing ping-pong between resistance
and support. Shorting the bounces as soon as the move
stalled/reversed proved to be the better odds trades on
Friday. On Monday, in order to get something going on the
upside, the market will need to clear the initial resistance
and not quickly reverse. If that occurs, then the next
hurdles would be pivotal at the 1262.50-1263.50 area on the
SP futures. That was the lid on Friday and was like a brick
wall for the bulls. For now, the short side should offer the
better odds trades unless that 1262.50-1263.50 area on the
SP futures is broken and not quickly reversed.

The initial resistance is at the 1258.00-1258.50 area on the
SP futures and the 1852.50-1853.50 area on the Nasdaq
futures. If those are broken, then the 1262.50-1263.50 area
on the SP futures and the 1858.50-1860.00 area on the Nasdaq
futures would be the next big hurdles. If those are
exceeded, then we could see a run towards the 1268.50-
1269.50 area on the SP futures and the 1868.75-1870.50 area
on the Nasdaq futures. If those are cleared and the market
doesn't quickly reverse, then the 1274.75-1275.00 zone could
possibly be seen.

The initial support is at the 1252.00-1251.00 area on the SP
futures and the 1837.50-1836.50 area on the Nasdaq futures.
If the market is going to avoid trouble, then those areas
should be reversed. If they are broken and the market
doesn't quickly reverse back to the upside, then the 1246.00
level on the SP futures and the 1830.50 level on the Nasdaq
futures should offer some support. That is a 50% retracement
for the SP futures. If those are broken, then the next key
support is down at the 1242.00-1241.00 area on the SP
futures and the 1823.50-1820.50 area on the Nasdaq futures.
If the market gets down there, and cannot reverse, then the
1235.50-1234.50 area on the SP futures and the 1812.50-
1811.50 area on the Nasdaq futures is probably in the cards.
If the market gets down there, be on alert for a reversal.
However, if the market gets there and shows no sign of
turning, then a drop towards the 1225.50-1224.50 could
occur.



September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1258.00-1258.50
1262.50-1263.50
1268.50-1269.50
1274.75-1275.00


September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1252.00-1251.00
1246.00
1242.00-1241.00
1235.50-1234.50
1225.50-1224.50


September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1852.50-1853.50
1858.50-1860.00
1868.75-1870.50


September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1837.50-1836.50
1830.50
1823.50-1820.50
1812.50-1811.50


September 2008 Dow futures resistance
symbols: emini = ymu8

11371-11375
11427-11430
11496-11501


September 2008 Dow futures support
symbols: emini = ymu8

11305-11300
11265
11245-11238
11194-11188


September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

711.60-711.80
715.50-716.10
719.40-719.90


September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

704.50-704.10
700.30
695.30-694.80
691.00-690.60


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/24/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 24 / 2008

(Published Since 1996)

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


Dateline: 7:31 pm eastern time, 7/24/2008

** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

After a flat open on Thursday, the market was hit with
selling. There was a very small bounce off of the 1277.50
level on the SP futures, but after getting to 1280.25
another wave of selling started. The drop took the SP
futures to just above the 1263.00-1262.25 key support zone,
and the SP futures made a little double bottom there.
However, the SP futures couldn't get over 1268 and hold, and
the selling continued in trend-down mode. The SP futures
dropped to 1257.75 and bounced, but the old 1263.50 support
turned into resistance on the bounce and the market sold off
into the close.

After getting turned down from just below the major 1292-
1293 resistance zone on Wednesday, there was bell-to bell
selling on Thursday with the highs made in the first 5
minutes and the lows made just before the close. The SP500
cash closed back under the 1260 level, which was pivotal
before the rally to 1291 this week.That same area looks to
be pivotal again on Friday.

IF the market is on the way to test the yearly lows, it will
likely set up a great buying opportunity. The internal
gauges will likely show bullish divergences, and that would
support a more sustainable rally back. That kind of set-up
could be what's needed to get a good bottom in place. On the
other side of the coin, the market could take off again from
down here and rally back to test the 1291-1292 area, or
possibly get to the low 1300's. IF that occurs, then we
could get the opposite type of set-up, and a string of -20
to -30 days on the SP500 could begin. We'll see how things
shape up as we near the end-of-month bias. For the time-
being, think "trading range" and look to get long on sharp
drops that stall/reverse (not the slow grinding action like
Thursday) and short on the quick run ups as soon as they
stall/reverse.

Look for early weakness to be bought on Friday. If that
plays out, then be ready to cover and short the first decent
bounce that fizzles. It will take a break, and hold, over
the initial resistance areas just to get into neutral
territory and begin a transition back to the upside. The
bounces will set up better odds shorting opportunities
unless/until those areas broken.

The initial resistance is at the 1263.25-1263.75 area on the
SP futures and 1841.75-1842.75 area on the Nasdaq futures.
If the market pops up there early on Friday and reverses,
then it's a good shorting opportunity. If those areas are
not a problem, then the 1268.50-1269.50 area on the SP
futures and 1848.25-1849.00 area on the Nasdaq futures would
be the next hurdles. If the market rallies back to those
areas and doesn't reverse, then the 1275.25-1276.25 area on
the SP futures and 1854.75-1856.00 area on the Nasdaq
futures would be the next resistance to get through. If the
market rallies back that far, and the move doesn't reverse,
then it would open the door for a rally towards the 1283.25-
1284.25 area on the SP futures.

The initial support is at the 1251.50-1251.00 area on the SP
futures and 1812.50-1811.50 area on the Nasdaq futures. If
those areas are not defended, then a move towards the
1246.00 level on the SP futures and 1804.00 level on the
Nasdaq futures is likely. A reversal could occur from near
those levels, but if that doesn't happen, then the 1242.00-
1241.00 area on the SP futures and 1798.50-1797.50 area on
the Nasdaq futures is the next key support. If the market
can not quickly turn around from a drop to those zones, then
it opens the door for a drop towards the 1235.50-1234.50
area on the SP futures and 1791.50-1790.50 area on the
Nasdaq futures. If the market drops to those areas, and
still can not turn, then the SP futures could drop another
10 points to the 1225.50-1224.50 zone.


September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1263.25-1263.75
1268.50-1269.50
1275.25-1276.25
1283.25-1284.25

September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1251.50-1251.00
1246.00
1242.00-1241.00
1235.50-1234.50
1225.50-1224.50

September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1841.75-1842.75
1848.25-1849.00
1854.75-1856.00

September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1812.50-1811.50
1804.00
1798.50-1797.50
1791.50-1790.50

September 2008 Dow futures resistance
symbols: emini = ymu8

11419-11422
11496-11501
11551-11556

September 2008 Dow futures support
symbols: emini = ymu8

11331-11326
11282
11245-11238
11194-11188

September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

709.00-709.30
713.40-713.90
717.60-718.00

September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

702.60-702.20
698.50
695.30-694.80
691.00-690.60


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/23/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 23 / 2008

(Published Since 1996)

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


Dateline: 6:26 pm eastern time, 7/23/2008


** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

The market opened higher on Wednesday and barely pulled back
before more buying came in. The SP futures took off and
sprinted to 1291.25 before finally reversing. That was just
under the major resistance at the 1292.00-1293.00 area on
the SP futures, and the market dropped pretty fast to
1277.75 on the SP futures. They bounced back and then tested
that low before running up to 1286.50. After that the market
spent the rest of the day trading in a range between 1278
and 1284 on the SP futures.

It looks like the market is just about at a cross-road where
this becomes more than a bear market rally. The market has
had a very good rally off of the lows. However, that 1292-
1293 area was tested and rejected on Wednesday. To this
point, however, there was no damage done after that. It
looks like the SP futures need to stay over the 1277.50-
1276.50 zone to avoid a deeper pullback.

On Thursday look to buy an early pullback if it holds the
initial support areas, and then get short when the upside
stalls/reverses, as long as this occurs at, or under, the
initial resistance areas. If the market does *not* stall or
show signs of a turn at those areas, then don't fight it, as
a break and hold of those areas could lead to an
acceleration. If there happens to be a pop or drop through
the initial support or resistance zones, and the move
quickly reverses, that's a tell that the rejection could
gain momentum.

The initial resistance is at the 1286.25-1286.75 area on the
SP futures and the 1856.00-1856.75 area on the Nasdaq
futures. If those areas are not a problem, then the big
resistance is at the 1292.00-1293.00 area on the SP futures
and the 1868.00-1870.25 area on the Nasdaq futures. If the
market gets up there again and the move stalls out, it
should set up a good shorting opportunity with a fairly
tight stop. However, if those are not a problem, then we
could see the market go for the 1297.75-1298.50 area on the
SP futures and the 1878.75-1880.50 area on the Nasdaq
futures. If for some reason those are exceeded and the
market doesn't reverse, then a melt-up type move could get
the SP futures to the 1303.50-1304.00 area on this leg up.

The initial support is at the 1277.50-1276.50 area on the SP
futures and the 1840.50-1838.50 area on the Nasdaq futures.
If the market cannot quickly bounce off of those areas, then
it opens the door for a drop to the 1273.50-1272.75 area on
the SP futures and the 1828.50-1827.75 area on the Nasdaq
futures. If those are held, then a bounce back could occur.
If there is no hint of a bounce, then we should see the
1269.00-1268.25 area on the SP futures and the 1815.50-
1814.50 area on the Nasdaq futures. If those do not hold,
then major support is at the 1263.00-1262.25 area on the SP
futures and the 1807.50-1806.00 area on the Nasdaq futures.



September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1286.25-1286.75
1292.00-1293.00
1297.75-1298.50
1303.50-1304.00


September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1277.50-1276.50
1273.50-1272.75
1269.00-1268.25
1263.00-1262.25


September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1856.00-1856.75
1868.00-1870.25
1878.75-1880.50


September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1840.50-1838.50
1828.50-1827.75
1815.50-1814.50
1807.50-1806.00


September 2008 Dow futures resistance
symbols: emini = ymu8

11642-11645
11684-11689
11747-11752


September 2008 Dow futures support
symbols: emini = ymu8

11559-11556
11542-11527
11478-11473
11426-11423


September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

722.40-722.70
726.40-727.20
733.80-734.20


September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

717.00-716.70
714.80-714.20
709.10-708.60
704.20-703.80


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/22/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 22 / 2008

(Published Since 1996)

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


Dateline: 6:26 pm eastern time, 7/22/2008

** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

NOTE: Due to a family outing, there will be no Intraday
Updates on Wednesday. The next update will be sent on
Wednesday night.

The market gapped down on Tuesday and the SP futures barely
broke the 1250.50-1249.50 support before getting its footing
and reversing. Off of a 1248.75 low, the first good "bounce"
took the SP futures to 1260.25 before stalling and
reversing. The pullback stopped at 1254.75 and buyers came
back in and the market made a run to the 1262.50-1263.00
resistance area on the SP futures. After a pullback to
1258.50 the market quickly reversed and popped back up to
make double tops. The 1263.50 level on the SP futures was
the lid, and the SP futures then sold off to 1257.50. In
very slow and choppy trading action, the SP futures went
back to the 1262.50-1263.00 area again, and just before 2 pm
they reversed again. A pullback to 1257.00 was reversed and
the market bounced back. With less than 90 minutes left in
stock trading, the SP futures finally broke out above the
1263.50 level and took off to the upside. The 1261.50 level
wasn't challenged, and the move accelerated in a straight up
move into the close.

We get the Fed's Beige Book release at 2 pm on Wednesday.
The SP futures rallied 21 points in the last 2 hours of
trading on Tuesday. On Wednesday, if there is early strength
it will set up a very good shorting opportunity as soon as
the upside stalls / reverses. If the market obliges, then
the initial support will need to hold on a pullback.
Otherwise, a drop to test the breakout areas from Tuesday
afternoon is likely.

The initial resistance is at the 1278.00-1278.75 area on the
SP futures and 1828.50-1829.00 area on the Nasdaq futures.
If the market gets back up there, and the move stalls or
quickly reverses, it should start a decent pullback.
However, if the market doesn't reverse from those areas,
then there should be some resistance at the 1282.00-1282.50
area on the SP futures and 1834.00-1834.50 area on the
Nasdaq futures. If those are not a problem, then a move
towards the 1287.50-1288.25 area on the SP futures and
1842.00-1843.00 area on the Nasdaq futures should reverse.
If the market gets up there, and is not sold, then a test of
the major, short term, resistance is at the 1292.00-1293.00
area on the SP futures. This zone should be key this month,
otherwise a high could come in August.

The initial support is at the 1269.00-1268.25 area on the SP
futures and 1815.50-1814.50 area on the Nasdaq futures. If
those are broken, and the market doesn't reverse, then a
drop towards the 1263.00-1262.25 area on the SP futures and
1807.50-1806.00 area on the Nasdaq futures could be in the
cards. If those areas a reached, and the market can reverse,
then a decent bounce could occur. If those areas do not
hold, then the key support is at the 1257.50-1257.00 area on
the SP futures and 1796.75-1796.00 area on the Nasdaq
futures. If those are broken, and the market doesn't
reverse, then a big reversal could be under way.



NOTE: Due to a family outing, there will be no Intraday
Updates on Wednesday. The next update will be sent on
Wednesday night.


September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1278.00-1278.75
1282.00-1282.50
1287.50-1288.25
1292.00-1293.00 MAJOR

September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1269.00-1268.25
1263.00-1262.25 KEY, especially on close
1257.50-1257.00
1249.75-1249.25

September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1828.50-1829.00
1834.00-1834.50
1841.00-1843.00

September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1815.50-1814.50
1807.50-1806.00
1796.75-1796.00

September 2008 Dow futures resistance
symbols: emini = ymu8

11603-11608
11639-11642
11658-11663

September 2008 Dow futures support
symbols: emini = ymu8

12537-12533
11478-11473
11452-11447

September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

718.60-719.10
721.70-722.00
726.00-726.40

September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

712.60-712.20
708.60-708.10
704.00-703.40


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/21/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 21 / 2008

(Published Since 1996)

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


Dateline: 6:33 pm eastern time, 7/21/2008


** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

We wanted to get short if there was early strength just as
soon as the move stalled / reversed on Monday. The market
gapped up and the SP futures barely poked over the 1267
resistance before reversing about 30 minutes in. The selling
took the SP futures down to 1256.25 shortly after noon. The
market bounced back but then reversed at 1263.50, and
selling came back in. After holding 1259.00 support for
about half of an hour, that level finally broke and the
pressure was on again. The SP futures fell to a new low for
the day at 1255.00, but quickly reversed back over the
previous 1256.25 low and then move choppily higher into the
close.

The SP futures had back to back narrow range days, and range
expansion and/or a pickup in volatility usually follows. The
Vix dropped quite a bit over the past 2 days, showing a lot
of complacency. My RBI Sell gate was open still at Monday's
close.

Whatever the case, it's earning's season and after the close
several companies reported poor numbers. This has the market
down sharply as this is being written. If this holds
overnight, then a reversal in the first 20 minutes or so on
Tuesday could set up a trade on the long side. If that plays
out, the first decent bounce should set up a better odds
trade on the short side.

The initial resistance would be at the 1255.25-1256.25 area
on the SP futures and 1813.50-1815.75 area on the Nasdaq
futures. If the market opens a lot lower, then a bounce to
those zones that stalls out would set up a good shorting
opportunity. If those are broken, then there should be very
strong resistance at the 1263.00-1263.75 area on the SP
futures and 1831.00-1831.75 area on the Nasdaq futures. If
those areas are somehow broken, then the big resistance
areas are at the 1267.50-1268.00 area on the SP futures and
1841.00-1842.00 area on the Nasdaq futures.

The initial support is at the 1250.50-1249.50 area on the SP
futures and 1804.00-1803.50 area on the Nasdaq futures. If
those are broken, and the market can not quickly reverse and
hold those areas, then the door is open for a drop towards
the 1245.75-1245.00 area on the SP futures and 1798.25-
1797.50 area on the Nasdaq futures. If the market gets there
and still can not get turned back up, then the 1239.25-
1238.50 area on the SP futures and 1788.00-1786.50 area on
the Nasdaq futures could be in the cards. If those are
broken, the market could be on the way to testing the lows
from last week. The next key support would be at 1234.50,
and if that doesn't hold, then the 1225.50-1224.50 area is
the last good support zone in front of the 1200.75 low.


September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1255.25-1256.25
1263.00-1263.75
1267.50-1268.00

September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1250.50-1249.50
1245.75-1245.00
1239.25-1238.50
1234.50
1225.50

September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1813.50-1815.75
1831.00-1831.75
1841.00-1842.00

September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1804.00-1803.50
1798.25-1797.50
1788.00-1786.50

September 2008 Dow futures resistance
symbols: emini = ymu8

11400-11408
11470-11474
11543-11548

September 2008 Dow futures support
symbols: emini = ymu8

11364-11360
11337-11332
11278-11274

September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

694.50-694.90
699.80-700.10
703.80-704.20

September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

692.80-692.20
687.80-687.20
682.80-682.50


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/20/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 20 / 2008

(Published Since 1996)

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


Dateline: 4:33 pm eastern time, 7/20/2008

** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

The market started last week will more selling, but after
reaching a new low for the year at 1200.75 on the SP futures
the market turned up and put together a rally that finally
stuck. By Thursday morning the SP futures reached 1263.00,
and then finally took a breather. On Friday we had
unexpected overnight strength, and the SP futures popped up
to our 1262.50-1263.00 resistance zone. The selling was
contained as the pullbacks held the 1252.00-1251.50 support
zone and the market closed the week on an up note.

The market kind of spun its wheels on Friday. The narrow
range at a high, along with a short term overbought status,
should lead to a pullback. On Monday look for early strength
to set up a shorting opportunity as soon as the move
stalls/reverses. If the market obliges, and a selloff stops
and turns from the initial support areas, then the pullback
would set up a buying opportunity. However, if the initial
support areas are reached and not quickly reversed, then the
short term trends could be rolling over. If that occurs,
then the downside could gather a bit of steam.

The initial resistance is at the 1262.50-1263.00 area on the
SP futures and 1832.50-1833.25 area on the Nasdaq futures.
If those are cleared and not quickly reversed, then the next
hurdles would be at the 1266.25-1267.00 area on the SP
futures and 1841.00-1842.00 area on the Nasdaq futures. If
the market gets there, and has no problem breaking trough
those areas, then a move towards the 1271.50-1272.50 area on
the SP futures and 1851.25-1852.75 area on the Nasdaq
futures could be in the cards before there is a decent
pullback.

The initial support is at the 1251.50-1250.75 area on the SP
futures and 1819.25-1818.25 area on the Nasdaq futures.
Those areas should be key support short term. If the bulls
don't defend those zones, then a move towards the 1245.75-
1245.00 area on the SP futures and 1807.75-1807.00 area on
the Nasdaq futures is likely. If the market gets there and
then turns up, a decent snap-back rally could occur.
However, if buyers don't step to the plate at those areas,
then a move to the 1239.25-1238.50 area on the SP futures
and 1798.25-1797.50 area on the Nasdaq futures would need to
hold. If they don't, then another trip down to test the lows
could be in the making.



September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1262.50-1263.00
1266.25-1267.00
1271.50-1272.50

September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1252.00-1251.50
1245.75-1245.00
1239.25-1238.50

September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1832.50-1833.25
1841.00-1842.00
1851.25-1852.75

September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1819.25-1818.25
1807.75-1807.00
1798.25-1797.50

September 2008 Dow futures resistance
symbols: emini = ymu8

11510-11514
11554-11559
11614-11618

September 2008 Dow futures support
symbols: emini = ymu8

11405-11399
11337-11332
11278-11274

September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

693.80-694.40
697.10-697.50
701.20-701.70

September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

687.80-687.20
682.80-682.50
674.50-673.80


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/17/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 17 / 2008

(Published Since 1996)

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


Dateline: 7:04 pm eastern time, 7/17/2008


** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

The market gapped up on Thursday but after about 10 minutes
of trading the SP futures reversed from the 1258.00-1258.50
resistance zone. After pulling back to 1246.75, the SP
futures bounced to 1253.75 (just under the updated 1254
resistance) and reversed again. The selling took the market
down to the Wednesday settlement areas, and off of a 1241.00
low the market reversed back to the upside. The market
rallied about half way back, and the SP futures turned back
down from 1252.25. The pullback held at 1245.25 on the SP
futures and the market started a better rally. The 1258.50
level was broken, and held on a pullback, and then SP
futures ran up to 1263.00. That was just under the 1263.50-
1264.00 resistance and when the 1258.50 level was broken
they continued to go lower until reaching the 1252.25 level.
Things turned very choppy in the last hour, and while the
cash indexes rallied into the close, the futures plunged to
settle well below fair value.

After the bell Goggle announced earnings and it has the
market trading lower. The SP futures closed about 9 points
below fair value, and well below the SP500 cash close. The
Nasdaq futures settled about 20 points below the Nasdaq 100
cash close. After 2 good rally days, the market is going to
get hit hard early on Friday. Aside from the late day
damage, my RBI Sell gate is open. When this signal kicks in
it tends to offer great shorting opportunities.

On Friday morning, if the weakness holds overnight, look for
a rally attempt to occur in the first half hour of trading.
Just don't overstay your welcome on the long side, as the
first decent bounce that stalls out and/or reverses on
Friday should offer a very good shorting opportunity. The
1262.50-1263.00 area on the SP futures must be exceeded, and
not quickly reversed, to nullify the bearish pattern on
Friday.

If the market opens lower, then look for resistance at the
1251.50-1252.00 area on the SP futures and 1836.00-1837.00
area on the Nasdaq futures. Those areas will be sold if the
market is weak. If those areas are broken, and the market
doesn't quickly reverse, then a test of the 1262.50-1263.00
area on the SP futures and 1859.75-1860.25 area on the
Nasdaq futures could be in the cards. If that occurs, and
the move stalls or reverses, get short with a pretty tight
stop. If those areas are not a problem, then we could see a
move to the 1265.50-1266.00 area on the SP futures and
1865.75-1866.25 area on the Nasdaq futures before the market
turns back down.

There is minor support at the 1245.50 level on the SP
futures and 1824.50 level on the Nasdaq futures. If those
are cut through, then the 1241.00-1240.25 area on the SP
futures and 1818.25-1817.75 area on the Nasdaq futures will
need to be quickly reversed or else the market is in some
trouble. The next support is at the 1233.75-1233.25 area on
the SP futures and 1807.75-1807.00 area on the Nasdaq
futures. If the market gets there, and still can not turn
around, then a spill towards the 1224.50-1224.00 and/or
1798.25-1797.50 areas could be in the cards.


September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1251.50-1252.00
1262.50-1263.00
1265.50-1266.00

September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1245.50
1241.00-1240.25
1233.75-1233.25
1224.50-1224.00

September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1836.00-1837.00
1859.75-1860.25
1865.75-1866.25

September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1818.25-1817.75
1807.75-1807.00
1798.25-1797.50

September 2008 Dow futures resistance
symbols: emini = ymu8

11384-11387
11437-11443
11471-11476

September 2008 Dow futures support
symbols: emini = ymu8

11337
11302-11298
11210-11205
11097-11094

September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

690.40-691.10
697.10-697.50
699.80-700.20

September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

684.20
682.80-682.50
674.50-673.80
667.30-666.80

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/16/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 16 / 2008

(Published Since 1996)

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


Dateline: 6:44 pm eastern time, 7/16/2008

** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

The market opened higher on Wednesday and then pulled back
to 1211.50 on the SP futures and reversed. They quickly ran
up to 1225.25 and then just as quick they dropped back to
1214.25. The market reversed back to the upside and
encountered some trouble at the 1228.50 resistance level.
The pullback held at 1220.25 which was just over good
support, and the market turned back up. A good run to
1233.50 stalled out, and the SP futures pulled back to
1227.25 and turned back up. The kept going until reaching
the updated resistance at 1239.50-1240.50. Off of a 1239.50
high, the SP futures pulled back 5.25 points to 1235.25 and
then turned back up. The steady buying continued until the
4pm close for stocks as the SP futures made it to a 1246.25
high. After the averages closed at their highs, the SP
futures dropped 5 points and settled well under fair value.

This move has the potential to be the first one that sticks.
First though, it looks like the market needs to pull back.
How far that pullback goes will be important as to whether
or not a decent trading bottom is in place. The rally in the
last 2 hours was parabolic, and with the futures selling off
after stocks closed, the upside momentum was dented a bit.
If the market can hold the 1233.75-1233.25 area on the SP
futures and 1832.00-1831.00 area on the Nasdaq futures on a
pullback, or quickly reverse if they are broken, the bulls
get the benefit of any doubts. However, if those areas are
broken and not quickly reversed, then the market could be
getting itself in trouble again.

On Thursday look to get short if there is an early pop that
stalls or reverses, especially if there is a test of the
1245.50-1246.25 area on the SP futures and/or 1849.00-
1850.25 area on the Nasdaq futures. If the market obliges
and pulls back, beware that the first decent pullback should
set up a buying opportunity as soon as the downside momentum
stalls, especially if the move gets close to the 1233.75-
1233.25 area on the SP futures and 1832.00-1831.00 area on
the Nasdaq futures and reverses. Thereafter, expect two-
sided action as back to back trend days isn't likely.

The initial resistance is at the 1245.50-1246.25 area on the
SP futures and 1849.00-1850.25 area on the Nasdaq futures.
If there is a pop and reversal from those areas, it would
set up a good trade on the short side. However, if those
areas are exceeded and not quickly reversed, then we could
see a move towards the 1250.50-1252.00 area on the SP
futures and 1860.25-1862.00 area on the Nasdaq futures. If
those areas are not a problem, then the big resistance is at
the 1258.00-1258.50 area on the SP futures.

The initial support is at the 1239.25-1238.75 area on the SP
futures and 1840.00-1839.00 area on the Nasdaq futures. If
those are broken and the market doesn't quickly turn back
up, then it opens the door for a move down to test the
1233.75-1233.25 area on the SP futures and 1832.00-1831.00
area on the Nasdaq futures. If those areas are reached, and
the move stalls, then a decent bounce back to the upside is
likely. If the market doesn't show any signs of turning from
those areas, then the market could fall towards the 1227.50-
1227.00 area on the SP futures and 1824.50-1824.00 area on
the Nasdaq futures. If those areas are reached, and the
market still can not turn around, then the key support is at
the 1223.50-1223.00 area on the SP futures and 1807.75-
1807.00 area on the Nasdaq futures. If the market gets back
to those areas and still shows no signs of turning back up,
then the market is back in trouble and a move towards the
1218.50-1217.75 and/or 1797.50-1796.50 areas might be in the
cards before a turn around occurs.


September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1245.50-1246.25
1250.50-1252.00
1258.00-1258.50

September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1239.25-1238.75
1233.75-1233.25
1227.50-1227.00
1223.50-1223.00
1218.50-1217.75

September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1849.00-1850.25
1860.25-1862.00

September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1840.00-1839.00
1832.00-1831.00
1824.50-1824.00
1807.75-1807.00
1797.50-1796.50

September 2008 Dow futures resistance
symbols: emini = ymu8

11228-11232
11273-11278

September 2008 Dow futures support
symbols: emini = ymu8

11121-11188
11150-11145
11084-11077
11038-11033
10994-10988

September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

686.50-687.00
690.20-690.70

September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

683.20-683.00
678.90-678.50
674.50-673.80
671.20-670.80
666.50-666.20

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/15/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 15 / 2008

(Published Since 1996)

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


Dateline: 6:05 pm eastern time, 7/15/2008

** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

The market gapped down on Tuesday and the selling continued
until the SP futures reached 1220.75 about 40 minutes into
the trading day. Buyers stepped to the plate and the market
rallied back to the Monday lows. The SP futures just missed
filling its gap, and from 1224.50 they dropped 13 points to
1211.50 just before noon. That move was reversed, and the
market worked its way to a 1233.50 high just after 1pm. The
market backed off, but a 12.25 point pullback to the 1221.25
level on the SP futures stopped the selling and the market
bounced back. A pop to a lower high at 1228.50 was reversed,
but the pullback held the 1222.00-1221.50 updated support
and turned back up. The rally took the market to new highs
for the day, but the move fizzled and reversed after
reaching 1235.50 on the SP futures. The selling started with
about 40 minutes left in stock trading, and with the
1222.00-1221.50 zone unable to hold, the market sold off
into the close.

The bear market action continues. Except for the poor
internals, the market acted pretty well after a big gap down
open and a first hour reversal. However, the market refuses
to hold on to gains, and the last hour regurgitation by the
bulls turned all of the trends back down. So the beat goes
on.

We get the CPI before the open on Wednesday, and the FOMC
Minutes at 2pm.The market was, for the most part, trend down
on Monday and trend up on Tuesday. This should lead to more
volatility, and maybe a big move. The SP futures need to get
back over the 1221.50-1222.00 zone and not quickly reverse
to get the market back into neutral territory. The market is
a short on bounces unless that area is broken and held on
Wednesday.

The initial resistance is at the 1215.00 level on the SP
futures and 1808.00 level on the Nasdaq futures. The key
resistance is at the 1221.50-1222.00 area on the SP futures
and 1819.00-1820.00 area on the Nasdaq futures. If the
market gets back over those areas, and doesn't quickly
reverse, then the door would be open for a sprint towards
the 1235.50-1236.00 area on the SP futures and 1833.00-
1834.00 area on the Nasdaq futures.

The initial support is at the 1210.50-1209.75 area on the SP
futures and 1798.00-1797.00 area on the Nasdaq futures. If
those areas do not hold, then a drop towards the 1201.00-
1200.50 area on the SP futures and 1783.00-1782.00 area on
the Nasdaq futures could be in the cards. If the market gets
back down there and can reverse back to the upside, a decent
rally could begin. However, if those are broken and not
quickly reverse, then the 1196.50-1195.50 area on the SP
futures and 1766.00-1765.00 area on the Nasdaq futures are
likely in the cards. If the market doesn't turn around from
there, then the market could unwind pretty fast. The major
is at the 1173.00-1172.00 area on the SP futures, which
could be a magnet, and also a good spot for a rally to
begin.

September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1215.00
1221.50-1222.00
1228.50 minor
1235.50-1236.00

September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1210.50-1209.75
1201.00-1200.50
1196.50-1195.50
1173.00-1172.00 major

September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1808.00
1819.00-1820.00
1833.00-1834.00

September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1798.00-1797.00
1783.00-1782.00
1766.00-1765.00

September 2008 Dow futures resistance
symbols: emini = ymu8

10940
11000-11008
11192-11196

September 2008 Dow futures support
symbols: emini = ymu8

10906-10899
10836-10834
10789-10782

September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

665.20
667.70-668.10
674.50-675.00

September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

657.30-656.50
650.50-649.70
646.00-645.50


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/14/08

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

TradeStalker's

R.B.I. Trader's Update

7/14/2008

(Published Since 1996)

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


Dateline: 6:28 pm eastern time, 7/14/2008

** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

The market opened much higher on Monday, but the emotional
strength was sold and the market was driven lower. The SP
futures reached 1256.00 just 2 minutes after the open and
sold off 15.75 points to 1240.25 in just 33 minutes, and
then the market bounced back. The bounce stalled at 1247.25,
and a slinky pattern formed before the market dropped to new
lows. The SP futures reached the 1236.00-1235.50 support
zone and tried to bounce, but there was no oomph to the move
and the trend down action continued. The SP futures fell to
test Friday's low and bounced off of a 1225.75 low, but
there was a lid at the 1232.00 level and the market backed
down again. A slightly lower low was made at 1224.75, and
the market reversed and took out that 1232.00 level on the
way to a 1234.75 high. The move ran out of steam and the
market dropped again. The 1225.75 level held and the market
quickly reversed. The market caught a bid and shot higher in
the last hour. However, after running up to 1238.75 on the
SP futures, the market reversed again and then sold off to
close near the lows for the day.

On Tuesday we get Retail Sales before the open. In order to
put a dent in the downside momentum, the 1238.25-1238.75
area on the SP futures and the 1819.25-1820.00 area on the
Nasdaq futures will need to be broken, and not quickly
reversed. On the bottom side, the SP futures tested the
1225.75-1225.00 area 4 times now, and that must be defended
or the they could slide towards the 1218.00-1217.00 area
before a reversal attempt.

If there is early strength on Tuesday, get short when the
upside stalls out / reverses. If that plays out, beware that
if the Monday lows are broken, and then they are quickly
reversed, it could spark a quick rally. In the case of a
lower open, be on lookout for a reversal in the early going.
If there is early weakness that stalls and reverses from
that 1218.00-1217.00 area on the SP futures, it could begin
a tradable bounce. Thereafter, the short side on the bounces
should still offer the better odds trading opportunities.

The initial resistance is at the 1238.25-1238.75 area on the
SP futures and 1819.25-1820.00 area on the Nasdaq futures.
If a bounce doesn't fail at those levels, then things could
be changing short term. The 1245.75 level on the SP futures
and 1828.50 level on the Nasdaq futures should be tough to
get through, but if those levels are not a problem, then the
major resistance at the 1257.50-1258.50 and 1846.50-1848.00
would be next. Don't hold your breath.

The initial support is at the 1225.75-1225.00 area on the SP
futures and 1797.50-1796.75 area on the Nasdaq futures.
Those areas will need to hold, or be quickly reversed if
broken, otherwise the market is still in trouble. The
1218.00-1217.00 area on the SP futures and 1785.75-1784.75
area on the Nasdaq futures could be magnets if that support
doesn't hold. If those areas are broken, then we could see
the market work its way towards the 1209.00-1208.00 area on
the SP futures and 1775.25-1774.50 area on the Nasdaq
futures before any kind of turn around occurs.

September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1238.25-1238.75
1245.75
1257.50-1258.50

September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1225.75-1225.00
1218.00-1217.00
1209.00-1208.00

September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1819.25-1820.00
1828.50
1846.50-1848.00

September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1797.50-1796.75
1785.75-1784.75
1775.25-1774.50

September 2008 Dow futures resistance
symbols: emini = ymu8

11115-11119
11152
11224-11229

September 2008 Dow futures support
symbols: emini = ymu8

10988-10982
10922-10918
10826-10822

September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

667.70-668.20
674.20
680.20-680.40

September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

659.90-659.50
654.50-654.20
648.20-647.80

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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/13/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 13 / 2008

(Published Since 1996)

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


Dateline: 5:38 pm eastern time, 7/13/2008

** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

The Friday action started with a big gap down open and that
reversed after about 15 minutes of trading. The SP futures
rallied to 1247.00 and then reversed. It was a trend down
day until reversing off of a new yearly low at 1225.75 on
the SP futures and then the market bounced back. The
volatility really picked up in the afternoon. After a rally
to 1241.00 on the SP futures, they dropped pretty fast to
1229.75 and then turned up. That move took off with gusto
and the SP futures rallied all the way up to 1258.50. That
was the initial resistance for the day, and the parabolic
move then quickly reversed. The SP futures dropped 22.75
points to 1235.75 and then firmed up into the close.

Until the market can show some ability to hold on to gains,
the short side on the rallies should offer the better
trading opportunities. The SP500 cash reached 1225 on
Friday. That's another new low for the year and years ending
with an "8" normally don't do that. It's usually just the
opposite, with a rally into the election. That's not good
for the market and we could see the 50% retracement of the
rally from 769 to 1576 at 1172.50 reached before any kind of
turn around will begin. Short term, the 1258.50 level on the
SP futures must be exceeded and held on a pullback, to get
out of trouble.

The initial resistance is at the 1258.00-1258.50 area on the
SP futures and the 1845.50-1846.25 area on the Nasdaq
futures. If the market is still weak, a rally back to those
areas will be sold. If those are broken and the market
doesn't quickly reverse, then we could see a run up towards
the 1265.00-1265.50 area on the SP futures and the 1853.50-
1854.25 area on the Nasdaq futures. That would be a good
move in this environment, so if the market gets up there,
beware of a reversal. If that doesn't happen and the market
has reason to rally in a strong fashion, then we could see
the 1270.00-1270.50 area on the SP futures and the 1864.50-
1864.75 area on the Nasdaq futures. That's as far as a rally
should go, if we get a decent rally.

The initial support is at the 1236.00-1235.50 area on the SP
futures and the 1808.50-1807.50 area on the Nasdaq futures.
Those areas will need to hold, otherwise the 1230.00 level
on the SP futures and the 1798.50 level on the Nasdaq
futures will likely be tested. If those levels are not
defended, then the 1225.50-1225.00 area on the SP futures
and the 1788.75-1788.00 area on the Nasdaq futures will need
to hold and make a double bottom or else a move to the
1218.00-1217.00 area on the SP futures and the 1775.75-
1774.75 area on the Nasdaq futures is next. If the market
gets hit again on Monday, then the 1209.00-1208.00 area on
the SP futures and the 1762.00-1760.50 area on the Nasdaq
futures would be the last good support zones in the way of a
bad day for the market on Monday.

September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1258.00-1258.50
1265.00-1265.50
1270.00-1270.50


September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1236.00-1235.50
1230.00
1225.50-1225.00
1218.00-1217.00
1209.00-1208.00


September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1845.50-1846.25
1853.50-1854.25
1864.50-1864.75


September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1808.50-1807.50
1798.50
1788.75-1788.00
1775.75-1774.75
1762.00-1760.50


September 2008 Dow futures resistance
symbols: emini = ymu8

11229-11231
11281-11283
11330-11334


September 2008 Dow futures support
symbols: emini = ymu8

11058-11051
10990
10965-10962
10894-10888
10826-10822


September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

679.00-679.30
684.20-684.50
688.50-688.80


September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

668.70-668.30
663.00
657.90-657.50
651.50-651.20
646.50-646.00


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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 RBI Update 07/10/08

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

TradeStalker's

R.B.I. Trader's Update

7 / 10 / 2008

(Published Since 1996)

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


Dateline: 6:08 pm eastern time, 7/10/2008

** Please Note: Mike sends out numerous updates throughout
the trading day to our subscribers. Go here now to
subscribe: http://www.tradestalker.com/order-page.htm

The early game-plan for Thursday was to look for a trade on
the long side if there was early weakness that reversed, but
weren't going to fall in love with the long side. The market
opened slightly lower on Thursday and quickly reversed, as
the SP futures bounced from 1243.75 to the 1253.75 in the
first 25 minutes of trading. The initial resistance was at
1254.00, and the move stalled and reversed from just under
that level. The selling took the SP futures to a new low for
the year, reaching 1237.50 and then the move stalled and
reversed. After a little struggle at the early high, the SP
futures pulled back to the 1246.50 updated support and
quickly reversed. The SP futures ran up to the 1258.00-
1258.50 resistance zone and the move lost steam. After poke
up to 1258.75 was rejected, the market started selling off.
The channel that had formed was broken, and the downside
accelerated as the SP futures dropped to a token lower low
at 1237.00 with just over an hour left in stock trading. The
market bounced back up to the area of the breakdown, with
the SP futures reaching 1251.00 and then after pulling back
to 1243.25 the market bounced back nicely into the close.

The SP futures made a double bottom and closed on a good
note on Thursday. The SP futures have been in a wide range
between basically 1278 on top to 1237 on the bottom. They
ended the day near the middle of that range. This kind of
volatility tends to occur near market bottoms, while it's
usually the opposite (low volatility and narrow ranges) at
tops. In any case, it looks like the market is safe as long
as the 1237 level on the SP futures isn't broken.

We get the Michigan sentiment survey 30 minutes into the
trading day on Friday. If there is follow through strength,
and the move stalls and reverses in the early going, then it
should set up a trade on the short side. Thereafter, look
for the first decent selloff to set up a buying opportunity.
With the market swinging both ways, look for the quick
rallies to fizzle for shorting opportunities, and the sharp
drops that reverse to set up trades on the long side.

The initial resistance is at the 1258.50 level on the SP
futures and 1852.75 level on the Nasdaq futures. If those
are broken, then buying dips will likely be in order. The
next good resistance would be near the 1265.00-1265.50 area
on the SP futures and 1864.00-1865.00 area on the Nasdaq
futures. If those are reached, and the market doesn't
reverse, then the next big hurdles would be at the 1270.00-
1270.50 area on the SP futures and 1868.50-1869.50 area on
the Nasdaq futures. If the market gets up there, and still
doesn't reverse, then the major resistance on Friday is at
the 1278.00-1278.75 area on the SP futures and 1876.75-
1877.50 area on the Nasdaq futures.

The initial support is at the 1243.50-1243.00 area on the SP
futures and 1828.00-1827.25 area on the Nasdaq futures.
Those areas will hold if the market is in decent shape. If
they don't hold, then the major support is at the 1237.00-
1236.25 area on the SP futures and 1810.50-1809.50 area on
the Nasdaq futures. If the market gets back down there, and
does not quickly reverse and bounce with some gusto, then
the downside could gather more momentum and end the week
badly.


September 2008 SP futures resistance
symbols: emini = esu8 / big contract =spu8

1258.50
1265.00-1265.50
1270.00-1270.50
1278.00-1278.75

September 2008 SP futures support
symbols: emini = esu8 / big contract =spu8

1243.50-1243.00
1237.00-1236.25
1229.00-1228.00

September 2008 Nasdaq futures resistance
symbols: emini = nqu8 / big contract = ndu8

1852.75
1864.00-1865.00
1868.50-1869.50
1876.75-1877.50

September 2008 Nasdaq futures support
symbols: emini = nqu8 / big contract = ndu8

1828.00-1827.25
1810.50-1809.50

September 2008 Dow futures resistance
symbols: emini = ymu8

11260
11281-11283
11330-11334

September 2008 Dow futures support
symbols: emini = ymu8

11127-11123
11073-11068

September 2008 Russell futures resistance
symbols: emini = er2u8 / big contract = er2u8

676.00
680.20-680.70
684.20-684.50

September 2008 Russell futures support
symbols: emini = er2u8 / big contract = er2u8

665.90-665.30
660.90-660.50


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

REMINDER:

Real Time subscribers can view these updates on
the web at this site:

http://www.tradestalker.com/members


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


Good Trading,
Mike Reed

Copyright (c) 2008 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.
*************************************************