HOW OUR DAY WENT: The gap up open was a short when 994
was broken through. The pullback was over just 25 minutes
of trading. After making a high at 999.25, the ES dipped
then the bounce reversed at a lower high, giving us a
short setup and the ES dropped to 992.25. That held the
updated support and the rally was back in gear. We were
looking for a reversal from the 999.50-1000.50 zone and
the ES reversed from 1001.00. An update after that told
members to short a move that went over then back down
thru 1000.00 and we got that, giving 3+ points as a drop
to 996.00 occurred before turning back up at the close.
Good Trading,
Mike Reed
TradeStalker.com
Monday, August 10, 2009
TradeStalker's RBI Update 08/02/09
.................................................
TradeStalker's
R.B.I. Trader's Update
8 / 2 / 2009
(Published Since 1996)
...............................................
Dateline: 4:46 pm eastern time, 8/2/2009
The market had another good week, but on Thursday and Friday
the character changed with the market unable to hold gains.
On Friday the market rallied early, but the strength was
sold as the ES fizzled at 990.00 and sold off quickly. The
bulls held ground however, as the ES reversed from the
980.00-979.50 initial support area and bounced back to the
987-988 updated resistance. After a couple of pullbacks from
that zone reversed from around 983, the ES ran up to 989.50
and stalled/reversed and then backed off to the 984.50
level. One last run-up failed (although the ES got over 989
first) and the market closed with a sharp drop into the
close. The ES and NQ sold off into the final minutes of
trading, but the monthly "settlement at fair value" (goofy
rule) made it look like they ended better than they really
did.
The internal gauges are still in neutral, but the sentiment
is beginning to turn cautious. The market is making good
moves in both directions, however the easier side has been
the short side when the run-ups fizzle out at extended
levels. That is opposite of the bullish action we were
getting coming into Thursday morning, with the market
selling off early and then buyers rushing in and driving
prices higher into the close.
The volatility certainly has returned. On Friday we were
expecting two-sided action, and got these swings of 4 points
or more on the ES:
981.25
990.00 +8.75
979.50 -10.50
988.50 +9.00
982.75 -5.75
987.50 +4.75
983.25 -4.25
989.50 +6.25
984.50 -5.00
990.50 +6.00
981.50 -9.00
That's 69+ points of travel range, despite the last trade
being just a quarter of a point below the Thursday close. I
think we can expect this type of action to continue until
there is either a break below 965 or a break over 994 near
term. That is the range the market needs to break to get
something going in either direction as it looks right now.
On Monday focus on shorting the bounces as soon as the
upside fizzles out. If there is going to be a decent trade
on the long side, then it should occur from a lower open
that reverses to the upside. However, like late Friday, an
early rally will not stick unless there is a spark that
ignites good buying, which is unforeseen right now.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
985.75-986.25
989.50-990.50
992.00-992.25
994.00-995.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
980.00-979.50
975.00-974.50
971.00-970.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1605.50-1606.00
1618.00-1618.50
1622.50-1623.50
1627.50-1628.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1597.25-1596.50
1592.50-1591.50
1587.25-1586.50
September 2009 Dow futures resistance
symbols: emini = ymu9
9134-9139
9172-9175
9190-9193
9205-9208
September 2009 Dow futures support
symbols: emini = ymu9
9091-9085
9043-9040
9002-8998
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
8 / 2 / 2009
(Published Since 1996)
...............................................
Dateline: 4:46 pm eastern time, 8/2/2009
The market had another good week, but on Thursday and Friday
the character changed with the market unable to hold gains.
On Friday the market rallied early, but the strength was
sold as the ES fizzled at 990.00 and sold off quickly. The
bulls held ground however, as the ES reversed from the
980.00-979.50 initial support area and bounced back to the
987-988 updated resistance. After a couple of pullbacks from
that zone reversed from around 983, the ES ran up to 989.50
and stalled/reversed and then backed off to the 984.50
level. One last run-up failed (although the ES got over 989
first) and the market closed with a sharp drop into the
close. The ES and NQ sold off into the final minutes of
trading, but the monthly "settlement at fair value" (goofy
rule) made it look like they ended better than they really
did.
The internal gauges are still in neutral, but the sentiment
is beginning to turn cautious. The market is making good
moves in both directions, however the easier side has been
the short side when the run-ups fizzle out at extended
levels. That is opposite of the bullish action we were
getting coming into Thursday morning, with the market
selling off early and then buyers rushing in and driving
prices higher into the close.
The volatility certainly has returned. On Friday we were
expecting two-sided action, and got these swings of 4 points
or more on the ES:
981.25
990.00 +8.75
979.50 -10.50
988.50 +9.00
982.75 -5.75
987.50 +4.75
983.25 -4.25
989.50 +6.25
984.50 -5.00
990.50 +6.00
981.50 -9.00
That's 69+ points of travel range, despite the last trade
being just a quarter of a point below the Thursday close. I
think we can expect this type of action to continue until
there is either a break below 965 or a break over 994 near
term. That is the range the market needs to break to get
something going in either direction as it looks right now.
On Monday focus on shorting the bounces as soon as the
upside fizzles out. If there is going to be a decent trade
on the long side, then it should occur from a lower open
that reverses to the upside. However, like late Friday, an
early rally will not stick unless there is a spark that
ignites good buying, which is unforeseen right now.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
985.75-986.25
989.50-990.50
992.00-992.25
994.00-995.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
980.00-979.50
975.00-974.50
971.00-970.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1605.50-1606.00
1618.00-1618.50
1622.50-1623.50
1627.50-1628.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1597.25-1596.50
1592.50-1591.50
1587.25-1586.50
September 2009 Dow futures resistance
symbols: emini = ymu9
9134-9139
9172-9175
9190-9193
9205-9208
September 2009 Dow futures support
symbols: emini = ymu9
9091-9085
9043-9040
9002-8998
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 07/31/09
HOW OUR DAY WENT: As expected in the early going on
Friday, the first bounce set up a very nice short as
the bounce reversed about 20 minutes into trading. The
ES fizzled at 990.00, then selling was fast. Then, the
drop nailed the important 980.00-979.50 zone (979.50
was the early low) and that set up a trade on the long
side. The bounce ran to the updated resistance and then
fizzled. That set up a short, and the ES fell to 982.75.
We got another shorting opportunity from 987.25, the ES
dropped 3.75 points to 983.50 before a bounce. After the
989.50 level was rejected, members were told that 985
was very important, and then the ES found buyers after
turning up from 984.50. I told the group that a bounce
would fail, (and it sure did!) but from a bit higher that
the 989 level given. The ES closed under 984.50, so do
not miss the Sunday night update!
Good Trading,
Mike Reed
TradeStalker.com
Friday, the first bounce set up a very nice short as
the bounce reversed about 20 minutes into trading. The
ES fizzled at 990.00, then selling was fast. Then, the
drop nailed the important 980.00-979.50 zone (979.50
was the early low) and that set up a trade on the long
side. The bounce ran to the updated resistance and then
fizzled. That set up a short, and the ES fell to 982.75.
We got another shorting opportunity from 987.25, the ES
dropped 3.75 points to 983.50 before a bounce. After the
989.50 level was rejected, members were told that 985
was very important, and then the ES found buyers after
turning up from 984.50. I told the group that a bounce
would fail, (and it sure did!) but from a bit higher that
the 989 level given. The ES closed under 984.50, so do
not miss the Sunday night update!
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 07/30/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 30 / 2009
(Published Since 1996)
...............................................
Dateline: 6:49 pm eastern time, 7/30/2009
The market gapped up on Thursday and the move fed on itself
as the ES rallied all the way to 994.00 before the move
stalled out. A well contained pullback held at 987.00, and
the market bounced back. A little double top on the ES was
made at 992.25 while the NQ failed at its 1622-1623 area,
and then selling started with about 35 minutes left in
trading. The market rolled over and both the ES and NQ made
their lows in the final minutes of trading.
The market closed higher across the board on Thursday, and
at new recent highs. However, the end of day action left the
market in poor shape going into the end of the month. The
daily indicators are showing bearish divergence for the most
part at these highs. There are now lots of afternoon buyers
stuck from higher prices, as the futures all settled below
their opens while at new high ground for the move up.
A decent pullback should occur from here, but it will depend
on whether or not the ES can hold on to the 980.00-979.50
area. If that is not quickly reversed, then the ES could
head to the Wednesday closing range or lower before a
rebound. In any case, the market will likely open weak on
Friday, and if it does a snap-back rally should occur. If
there is a bounce, it will set up a very good shorting
opportunity as soon as the upside stalls out.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
987.00-987.50
992.00-992.25
994.00-995.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
980.00-979.50
975.00-974.50
971.00-970.50
965.75-965.25
963.00-962.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1618.00-1618.50
1622.50-1623.50
1627.50-1628.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1605.75-1605.00
1601.50-1600.75
1595.25-1594.50
1586.00-1585.00
1581.75-1581.00
September 2009 Dow futures resistance
symbols: emini = ymu9
9152-9156
9186-9190
9203-9205
September 2009 Dow futures support
symbols: emini = ymu9
9075-9072
9043-9040
9002-8998
8974-8969
8937-8933
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
7 / 30 / 2009
(Published Since 1996)
...............................................
Dateline: 6:49 pm eastern time, 7/30/2009
The market gapped up on Thursday and the move fed on itself
as the ES rallied all the way to 994.00 before the move
stalled out. A well contained pullback held at 987.00, and
the market bounced back. A little double top on the ES was
made at 992.25 while the NQ failed at its 1622-1623 area,
and then selling started with about 35 minutes left in
trading. The market rolled over and both the ES and NQ made
their lows in the final minutes of trading.
The market closed higher across the board on Thursday, and
at new recent highs. However, the end of day action left the
market in poor shape going into the end of the month. The
daily indicators are showing bearish divergence for the most
part at these highs. There are now lots of afternoon buyers
stuck from higher prices, as the futures all settled below
their opens while at new high ground for the move up.
A decent pullback should occur from here, but it will depend
on whether or not the ES can hold on to the 980.00-979.50
area. If that is not quickly reversed, then the ES could
head to the Wednesday closing range or lower before a
rebound. In any case, the market will likely open weak on
Friday, and if it does a snap-back rally should occur. If
there is a bounce, it will set up a very good shorting
opportunity as soon as the upside stalls out.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
987.00-987.50
992.00-992.25
994.00-995.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
980.00-979.50
975.00-974.50
971.00-970.50
965.75-965.25
963.00-962.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1618.00-1618.50
1622.50-1623.50
1627.50-1628.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1605.75-1605.00
1601.50-1600.75
1595.25-1594.50
1586.00-1585.00
1581.75-1581.00
September 2009 Dow futures resistance
symbols: emini = ymu9
9152-9156
9186-9190
9203-9205
September 2009 Dow futures support
symbols: emini = ymu9
9075-9072
9043-9040
9002-8998
8974-8969
8937-8933
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 07/30/09
HOW OUR DAY WENT: We expected strength early, but were
cautious about the upside sticking. After the big run-up
burned out, we caught a short when the ES couldn't hold
990.50. The ES went to 987.00 and bounced. The market
acted toppy, and this was posted in the members room
at 3:17pm eastern time:
(Jul 30-15:17) mike: 1622-23 has been a lid on NQ most
of the day, it is a short under that zone. if exceeded,
they keep running up towards 1630ish
(Jul 30-15:30) mike: so far so good on NQ but need to
press under 1617 w/o quick reversal to get momentum
The NQ bounced to 1622.25 just 4 minutes later and then
reversed The NQ dropped 19 points to 1603.25 in the last
35 minutes of stock trading. The ES dropped 10.50 points
from 991.75 to 981.25 by the close.
Good Trading,
Mike Reed
TradeStalker.com
cautious about the upside sticking. After the big run-up
burned out, we caught a short when the ES couldn't hold
990.50. The ES went to 987.00 and bounced. The market
acted toppy, and this was posted in the members room
at 3:17pm eastern time:
(Jul 30-15:17) mike: 1622-23 has been a lid on NQ most
of the day, it is a short under that zone. if exceeded,
they keep running up towards 1630ish
(Jul 30-15:30) mike: so far so good on NQ but need to
press under 1617 w/o quick reversal to get momentum
The NQ bounced to 1622.25 just 4 minutes later and then
reversed The NQ dropped 19 points to 1603.25 in the last
35 minutes of stock trading. The ES dropped 10.50 points
from 991.75 to 981.25 by the close.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 07/29/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 29 / 2009
(Published Since 1996)
...............................................
Dateline: 6:25 pm eastern time, 7/29/2009
A lower open was reversed from just over the Tuesday low on
the ES on Wednesday, then bounced back. The ES rallied from
966.50 to 975.00, then the move was reversed. A choppy
downdraft lasted into the last hour. The ES tested the early
afternoon low at 965.25 and reversed around 3pm, and the
futures were able to rally back to make token higher highs
right before settlement.
The internal gauges have pretty much worn off the overbought
status over the past 2 days of back and forth action. In
fact, the Vix surprisingly gave 1 buy signal on Wednesday.
The pattern over the last several days has been early
weakness followed by late strength. It looks like we could
get the opposite of that on Wednesday, starting the day with
some early strength and then seeing if the move can stick.
At the moment, it looks like the market holds together
unless the double bottom from the 965.75-965.25 area on the
ES is not held.
On Thursday we get the Initial Claims data before the open.
If the market opens higher, the initial resistance area will
not be exceeded if the market is weak. If that resistance is
overcome, then the 979.50-980.25 should be key in the early
going. If there is another reversal from there, then the
market is still in a trading range and a pullback could be
fairly sharp. However, if the ES has no problem at the 980
area, then we should see the 984.00-984.50 area. If that
area is reversed and the ES sells off through 980 again, it
would need to quickly turn back up to avoid a drop back
towards the 975.00 level or lower.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
977.00
979.50-980.25
984.00-984.50
989.75-990.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
971.00
965.75-965.25
963.00-962.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1605.00
1608.00-1608.75
1611.75-1612.50
1618.75-1619.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1595.25
1589.50-1588.75
1574.75-1573.75
September 2009 Dow futures resistance
symbols: emini = ymu9
9060
9080-9082
9102-9107
9157-9162
September 2009 Dow futures support
symbols: emini = ymu9
9016
8973-8969
8937-8933
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
7 / 29 / 2009
(Published Since 1996)
...............................................
Dateline: 6:25 pm eastern time, 7/29/2009
A lower open was reversed from just over the Tuesday low on
the ES on Wednesday, then bounced back. The ES rallied from
966.50 to 975.00, then the move was reversed. A choppy
downdraft lasted into the last hour. The ES tested the early
afternoon low at 965.25 and reversed around 3pm, and the
futures were able to rally back to make token higher highs
right before settlement.
The internal gauges have pretty much worn off the overbought
status over the past 2 days of back and forth action. In
fact, the Vix surprisingly gave 1 buy signal on Wednesday.
The pattern over the last several days has been early
weakness followed by late strength. It looks like we could
get the opposite of that on Wednesday, starting the day with
some early strength and then seeing if the move can stick.
At the moment, it looks like the market holds together
unless the double bottom from the 965.75-965.25 area on the
ES is not held.
On Thursday we get the Initial Claims data before the open.
If the market opens higher, the initial resistance area will
not be exceeded if the market is weak. If that resistance is
overcome, then the 979.50-980.25 should be key in the early
going. If there is another reversal from there, then the
market is still in a trading range and a pullback could be
fairly sharp. However, if the ES has no problem at the 980
area, then we should see the 984.00-984.50 area. If that
area is reversed and the ES sells off through 980 again, it
would need to quickly turn back up to avoid a drop back
towards the 975.00 level or lower.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
977.00
979.50-980.25
984.00-984.50
989.75-990.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
971.00
965.75-965.25
963.00-962.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1605.00
1608.00-1608.75
1611.75-1612.50
1618.75-1619.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1595.25
1589.50-1588.75
1574.75-1573.75
September 2009 Dow futures resistance
symbols: emini = ymu9
9060
9080-9082
9102-9107
9157-9162
September 2009 Dow futures support
symbols: emini = ymu9
9016
8973-8969
8937-8933
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 07/29/09
HOW OUR DAY WENT: There was 7 swings of 5 points or more
on the ES on Wednesday, and we were able to catch a few
in the updates and instant message room.
Good Trading,
Mike Reed
TradeStalker.com
on the ES on Wednesday, and we were able to catch a few
in the updates and instant message room.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 07/28/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 28 / 2009
(Published Since 1996)
...............................................
Dateline: 5:45 pm eastern time, 7/28/2009
The ES opened down almost 8 points and at the 971.50-970.75
support and rallied up to 979.25 before fizzling out. That
started a drop to the 969.50 level, which was just over
Monday's low, then bounced to 974.25. The move reversed
there, and the ES dropped one more time to a 966.00 low. the
market turned up and the 972.50 level turned pivotal. After
a failure there, the ES popped over and held that 970.50
area and ran up to 978.25 where the move reversed. The
selloff took the ES back to 971.25 and then the market
firmed into the close.
On Wednesday we get the Fed's Beige Book at 2pm eastern
time. The market will offer a good shorting opportunity if
there is early strength that stalls out. The 978.50-980.00
zone has been rejected 3 times, and is looking like the
upside might be limited with that area a lid. If that area
is exceeded, then beware of a reversal from the 984.00-
984.50 area. on the downside, the 970.75-970.25 area was
pivotal on Tuesday. That will need to be reversed quickly if
broken. If not, then another spill is in gear and we could
possibly slide to the 963.00-962.50 zone before the market
gets turned around.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
977.00
980.00-980.50
984.00-984.50
989.75-990.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
970.75-970.25
967.50-967.00
963.00-962.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1605.00
1608.00-1608.75
1611.75-1612.50
1618.75-1619.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1594.25-1593.75
1589.00-1588.25
1574.75-1573.75
September 2009 Dow futures resistance
symbols: emini = ymu9
9060
9080-9082
9102-9107
9157-9162
September 2009 Dow futures support
symbols: emini = ymu9
9006-9002
8983-8979
8937-8933
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
7 / 28 / 2009
(Published Since 1996)
...............................................
Dateline: 5:45 pm eastern time, 7/28/2009
The ES opened down almost 8 points and at the 971.50-970.75
support and rallied up to 979.25 before fizzling out. That
started a drop to the 969.50 level, which was just over
Monday's low, then bounced to 974.25. The move reversed
there, and the ES dropped one more time to a 966.00 low. the
market turned up and the 972.50 level turned pivotal. After
a failure there, the ES popped over and held that 970.50
area and ran up to 978.25 where the move reversed. The
selloff took the ES back to 971.25 and then the market
firmed into the close.
On Wednesday we get the Fed's Beige Book at 2pm eastern
time. The market will offer a good shorting opportunity if
there is early strength that stalls out. The 978.50-980.00
zone has been rejected 3 times, and is looking like the
upside might be limited with that area a lid. If that area
is exceeded, then beware of a reversal from the 984.00-
984.50 area. on the downside, the 970.75-970.25 area was
pivotal on Tuesday. That will need to be reversed quickly if
broken. If not, then another spill is in gear and we could
possibly slide to the 963.00-962.50 zone before the market
gets turned around.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
977.00
980.00-980.50
984.00-984.50
989.75-990.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
970.75-970.25
967.50-967.00
963.00-962.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1605.00
1608.00-1608.75
1611.75-1612.50
1618.75-1619.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1594.25-1593.75
1589.00-1588.25
1574.75-1573.75
September 2009 Dow futures resistance
symbols: emini = ymu9
9060
9080-9082
9102-9107
9157-9162
September 2009 Dow futures support
symbols: emini = ymu9
9006-9002
8983-8979
8937-8933
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 07/28/09
HOW OUR DAY WENT: The market gave us a number of very
good opportunities. Starting with a big down open the
ES reversed from 1 tick over the 971.50-970.75 support
and rallied 7.50 points to 979.25. That fizzle set up
a nice short. The volatility picked up allowing a couple
more trades covered in the instant message room.
Good Trading,
Mike Reed
TradeStalker.com
good opportunities. Starting with a big down open the
ES reversed from 1 tick over the 971.50-970.75 support
and rallied 7.50 points to 979.25. That fizzle set up
a nice short. The volatility picked up allowing a couple
more trades covered in the instant message room.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 07/27/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 27 / 2009
(Published Since 1996)
...............................................
Dateline: 6:25 pm eastern time, 7/27/2009
The market opened lower on Monday, and the ES immediately
popped up to 976.25 and fizzled before another drop. The ES
fell 3.50 points to 972.75 (the 972.50-972.00 initial
support). Able to hold the initial support, the ES ran up to
the 979.50-980.25 resistance zone. That zone was easily
rejected, and after a little double top was put in place
from 979.75 high, it started a 10.75 point trend-down move
to a 969.00 low (969.00-968.75 was the second support zone
listed) before turning back up. The bounce took the ES 6.75
points higher to 975.75, right at the 975.50-976.00 updated
resistance zone, and it made a little double top before
selling off 5 points to 971.75. The market then chopped
sideways for a bit, and then finally broke lower.That drop
reversed from 970.75 and the upside got in gear. The ES
rallied to make a little double top at 978.25, but the
pullback held 976.25 and then popped up to a lower high then
reversed. The dip held at 974.25 and then in the last 30
minutes the market rallied to new highs, with the ES
reaching 980.00 at the close.
The market is now very overbought, and the reversal by the
Vix on Monday gave 2 out of 5 possible sell signals in my
work. However, the market continues to be very resilient,
and the pattern of early weakness and late strength is a
plus for the market. For now, the market is "ok" unless the
initial support areas are not held on the first decent
pullback. If the initial support areas are all broken, then
a short term top could be in place. Unless/until that
occurs, the dips should set up buying opportunities.
On Tuesday we get the Consumer Confidence number 30 minutes
into the trading day. If the ES pops over the 980 level and
reverses back down through it, then it can trigger a
shorting opportunity with a pretty tight stop. If that
doesn't happen, and the ES stays over 980, then it could
goose shorts and cause a move to get momentum and rally to
the 984.00-984.50 area, or higher. If the market is unable
to stay over the initial support zones, then it will dent
the upside momentum. should that occur, and the ES slides to
the 969.00 low from Monday, a quick reversal would be needed
to avoid rolling over.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
980.00-980.50
984.00-984.50
989.75-990.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
975.00-974.50
971.50-970.75
969.00
963.00-962.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1602.00-1603.75
1607.75-1608.50
1616.75-1618.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1588.50-1588.00
1584.00-1583.25
1578.00
1574.75-1573.75
September 2009 Dow futures resistance
symbols: emini = ymu9
9074-9078
9102-9107
9157-9162
September 2009 Dow futures support
symbols: emini = ymu9
9028-9023
9018-9015
8990
8937-8933
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
7 / 27 / 2009
(Published Since 1996)
...............................................
Dateline: 6:25 pm eastern time, 7/27/2009
The market opened lower on Monday, and the ES immediately
popped up to 976.25 and fizzled before another drop. The ES
fell 3.50 points to 972.75 (the 972.50-972.00 initial
support). Able to hold the initial support, the ES ran up to
the 979.50-980.25 resistance zone. That zone was easily
rejected, and after a little double top was put in place
from 979.75 high, it started a 10.75 point trend-down move
to a 969.00 low (969.00-968.75 was the second support zone
listed) before turning back up. The bounce took the ES 6.75
points higher to 975.75, right at the 975.50-976.00 updated
resistance zone, and it made a little double top before
selling off 5 points to 971.75. The market then chopped
sideways for a bit, and then finally broke lower.That drop
reversed from 970.75 and the upside got in gear. The ES
rallied to make a little double top at 978.25, but the
pullback held 976.25 and then popped up to a lower high then
reversed. The dip held at 974.25 and then in the last 30
minutes the market rallied to new highs, with the ES
reaching 980.00 at the close.
The market is now very overbought, and the reversal by the
Vix on Monday gave 2 out of 5 possible sell signals in my
work. However, the market continues to be very resilient,
and the pattern of early weakness and late strength is a
plus for the market. For now, the market is "ok" unless the
initial support areas are not held on the first decent
pullback. If the initial support areas are all broken, then
a short term top could be in place. Unless/until that
occurs, the dips should set up buying opportunities.
On Tuesday we get the Consumer Confidence number 30 minutes
into the trading day. If the ES pops over the 980 level and
reverses back down through it, then it can trigger a
shorting opportunity with a pretty tight stop. If that
doesn't happen, and the ES stays over 980, then it could
goose shorts and cause a move to get momentum and rally to
the 984.00-984.50 area, or higher. If the market is unable
to stay over the initial support zones, then it will dent
the upside momentum. should that occur, and the ES slides to
the 969.00 low from Monday, a quick reversal would be needed
to avoid rolling over.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
980.00-980.50
984.00-984.50
989.75-990.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
975.00-974.50
971.50-970.75
969.00
963.00-962.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1602.00-1603.75
1607.75-1608.50
1616.75-1618.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1588.50-1588.00
1584.00-1583.25
1578.00
1574.75-1573.75
September 2009 Dow futures resistance
symbols: emini = ymu9
9074-9078
9102-9107
9157-9162
September 2009 Dow futures support
symbols: emini = ymu9
9028-9023
9018-9015
8990
8937-8933
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
http://www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 07/27/09
HOW OUR DAY WENT:
The market "traded by the numbers" on
Monday. The market opened lower, and the ES immediately
popped up to 976.25 and fizzled before another drop. The
ES fell 3.50 points to 972.75 (the 972.50-972.00 initial
support). Able to hold the initial support, the ES ran up
to the 979.50-980.25 resistance zone. That zone was easily
rejected, and after a little double top was put in place
from 979.75 high, it started a 10.75 point trend-down move
to a 969.00 low (969.00-968.75 was the second support zone
listed) before turning back up. The bounce took the ES
6.75 points higher to 975.75, right at the 975.50-976.00
updated resistance zone, and it made a little double top
before selling off 5 points to 971.75. The ES rallied to
978.25, then pulled back. Then the last of 7 intraday
updates was sent telling members that a pop to a lower
high that reversed was a short, and the ES reversed from
977.75 and fell to 974.25 before the rally into the close.
Good Trading,
Mike Reed
The market "traded by the numbers" on
Monday. The market opened lower, and the ES immediately
popped up to 976.25 and fizzled before another drop. The
ES fell 3.50 points to 972.75 (the 972.50-972.00 initial
support). Able to hold the initial support, the ES ran up
to the 979.50-980.25 resistance zone. That zone was easily
rejected, and after a little double top was put in place
from 979.75 high, it started a 10.75 point trend-down move
to a 969.00 low (969.00-968.75 was the second support zone
listed) before turning back up. The bounce took the ES
6.75 points higher to 975.75, right at the 975.50-976.00
updated resistance zone, and it made a little double top
before selling off 5 points to 971.75. The ES rallied to
978.25, then pulled back. Then the last of 7 intraday
updates was sent telling members that a pop to a lower
high that reversed was a short, and the ES reversed from
977.75 and fell to 974.25 before the rally into the close.
Good Trading,
Mike Reed
TradeStalker's RBI Update 07/26/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 26 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 7/26/2009
The market had another big week on the upside as the summer
"melt-up" continued. On Friday the first decent bounce
failed at 972.00 on the ES, and then it fell back to 962.50
before turning back up. That was from the 963.00-962.50
initial support on the ES, while the Dow made a double
bottom, and the market got going on the upside. After a
bounce back to 971.00 fizzled, the pullback held the 968.75
support, and the market was able to bounce again. The sprint
to 975.00 reversed, but the dip held and with 30 minutes
left the upside was back in gear as the market rallied to
new highs in the final minutes of trading.
The market still had a head of steam, and as long as the
initial support holds on a pullback (like on Friday), the
market is still in uptrends and in buy the dip mode.
However, the first trade will set up on the short side if
there is early strength on Monday, and the move reverses in
the first 20-40 minutes of trading. A pop up to the initial
resistance areas, or a move over and then back down through
the 980 level on the ES, should start a decent pullback. A
hold over the 980 level could goose the market higher, up to
the 984.00-984.50 area on the ES or higher, before selling
off.
The market sentiment is overly bullish, and a decent
pullback is due soon. If the market cannot get another
bounce to stick, then the initial support areas look to be
pivotal on a pullback. If the initial support areas are
broken (ES, NQ, and YM) on Monday, and the market cannot
quickly reverse, then the tide could be changing. If the
market does get hit with a selloff, a close must be over the
962.50 low from Friday.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
979.50-980.25
984.00-984.50
989.75-990.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
972.50-971.75
969.00-968.75
963.00-962.50
957.50-956.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1602.00-1603.75
1607.75-1608.50
1616.75-1618.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1591.00-1590.25
1586.75-1586.25
1574.75-1573.75
1564.00-1563.25
September 2009 Dow futures resistance
symbols: emini = ymu9
9065-9069
9097-9102
9143-9146
September 2009 Dow futures support
symbols: emini = ymu9
9018-9015
8995-8991
8964-8961
8928-8824
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
7 / 26 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 7/26/2009
The market had another big week on the upside as the summer
"melt-up" continued. On Friday the first decent bounce
failed at 972.00 on the ES, and then it fell back to 962.50
before turning back up. That was from the 963.00-962.50
initial support on the ES, while the Dow made a double
bottom, and the market got going on the upside. After a
bounce back to 971.00 fizzled, the pullback held the 968.75
support, and the market was able to bounce again. The sprint
to 975.00 reversed, but the dip held and with 30 minutes
left the upside was back in gear as the market rallied to
new highs in the final minutes of trading.
The market still had a head of steam, and as long as the
initial support holds on a pullback (like on Friday), the
market is still in uptrends and in buy the dip mode.
However, the first trade will set up on the short side if
there is early strength on Monday, and the move reverses in
the first 20-40 minutes of trading. A pop up to the initial
resistance areas, or a move over and then back down through
the 980 level on the ES, should start a decent pullback. A
hold over the 980 level could goose the market higher, up to
the 984.00-984.50 area on the ES or higher, before selling
off.
The market sentiment is overly bullish, and a decent
pullback is due soon. If the market cannot get another
bounce to stick, then the initial support areas look to be
pivotal on a pullback. If the initial support areas are
broken (ES, NQ, and YM) on Monday, and the market cannot
quickly reverse, then the tide could be changing. If the
market does get hit with a selloff, a close must be over the
962.50 low from Friday.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
979.50-980.25
984.00-984.50
989.75-990.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
972.50-971.75
969.00-968.75
963.00-962.50
957.50-956.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1602.00-1603.75
1607.75-1608.50
1616.75-1618.25
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1591.00-1590.25
1586.75-1586.25
1574.75-1573.75
1564.00-1563.25
September 2009 Dow futures resistance
symbols: emini = ymu9
9065-9069
9097-9102
9143-9146
September 2009 Dow futures support
symbols: emini = ymu9
9018-9015
8995-8991
8964-8961
8928-8824
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Friday, July 24, 2009
Today's Trading Recap: 07/24/09
HOW OUR DAY WENT:
After the early action, members were
told that the 968-969 area was a good resistance area.
The ES popped up to 968 and backed off to a 962.50 low
(right at the 963.00-962.50 initial support) and turned
back up. After a good bounce off of support, the 968.75
level was given as new support and after direct hit on
that level held, it lead to a nice pop to 975.00. It
looked like a top, but I was wrong about that as buying
started with 30 minutes left and the move ended the week
at its highs. Still, a good short early and then nailing
the 962.50 low and a couple other trades made it a good day.
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
After the early action, members were
told that the 968-969 area was a good resistance area.
The ES popped up to 968 and backed off to a 962.50 low
(right at the 963.00-962.50 initial support) and turned
back up. After a good bounce off of support, the 968.75
level was given as new support and after direct hit on
that level held, it lead to a nice pop to 975.00. It
looked like a top, but I was wrong about that as buying
started with 30 minutes left and the move ended the week
at its highs. Still, a good short early and then nailing
the 962.50 low and a couple other trades made it a good day.
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Thursday, July 23, 2009
TradeStalker's RBI Update 07/23/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 23 / 2009
(Published Since 1996)
...............................................
Dateline: 6:22 pm eastern time, 7/23/2009
The market opened higher on Thursday and went trend up into
the early afternoon. After reaching 976.25 early afternoon,
the ES backed off to 972.25 and bounced back. The bounce
reached 976.50 on the ES and fizzled. With a stretched out
market losing momentum, the market reversed and the ES fell
to 968.50 just before settlement.
The late day dumping of stocks could be the start of
something. At the best, the market should have a hard time
holding its gains on Friday. The market closed in new high
ground, but the internal gauges are either short term
overbought, or showing a bearish divergence. Also, while the
market was up during the day the Vix was up also. On the
drop, it also dropped. That sentiment expects another rally,
but if it does not occur on Friday then the Vix will flash a
bunch of sell signals.
On Friday, a lower open will likely set up a bounce in the
early going. However, the first decent bounce should set up
a very good shorting opportunity when the upside
stalls/reverses. If the ES reaches the 973.25-973.75 area or
a bit lower and reverses, then the market is weak and the
bounces should set up shorting opportunities.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
968.50-969.00
973.25-973.75
975.50-976.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
963.00-962.50
955.00-954.50
948.25-947.75
944.75-944.25
940.25-939.25
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1583.00-1583.75
1597.50-1598.25
1603.00-1604.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1574.50-1573.75
1564.00-1563.25
1556.75-1555.50
1549.50-1548.75
1542.50-1542.25
September 2009 Dow futures resistance
symbols: emini = ymu9
8993-8995
9022-9025
9054-9059
September 2009 Dow futures support
symbols: emini = ymu9
8953-8950
8868-8864
8818-8816
8791-8788
8766-8762
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
7 / 23 / 2009
(Published Since 1996)
...............................................
Dateline: 6:22 pm eastern time, 7/23/2009
The market opened higher on Thursday and went trend up into
the early afternoon. After reaching 976.25 early afternoon,
the ES backed off to 972.25 and bounced back. The bounce
reached 976.50 on the ES and fizzled. With a stretched out
market losing momentum, the market reversed and the ES fell
to 968.50 just before settlement.
The late day dumping of stocks could be the start of
something. At the best, the market should have a hard time
holding its gains on Friday. The market closed in new high
ground, but the internal gauges are either short term
overbought, or showing a bearish divergence. Also, while the
market was up during the day the Vix was up also. On the
drop, it also dropped. That sentiment expects another rally,
but if it does not occur on Friday then the Vix will flash a
bunch of sell signals.
On Friday, a lower open will likely set up a bounce in the
early going. However, the first decent bounce should set up
a very good shorting opportunity when the upside
stalls/reverses. If the ES reaches the 973.25-973.75 area or
a bit lower and reverses, then the market is weak and the
bounces should set up shorting opportunities.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
968.50-969.00
973.25-973.75
975.50-976.50
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
963.00-962.50
955.00-954.50
948.25-947.75
944.75-944.25
940.25-939.25
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1583.00-1583.75
1597.50-1598.25
1603.00-1604.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1574.50-1573.75
1564.00-1563.25
1556.75-1555.50
1549.50-1548.75
1542.50-1542.25
September 2009 Dow futures resistance
symbols: emini = ymu9
8993-8995
9022-9025
9054-9059
September 2009 Dow futures support
symbols: emini = ymu9
8953-8950
8868-8864
8818-8816
8791-8788
8766-8762
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 07/23/09
HOW OUR DAY WENT: The market opened higher and went "trend
up" until getting to 976.25 on the ES. I was until around
noon and got our members a good trade. After coming off
the double top at 976.50 on the ES, those in the IM "room"
got this quick post at 3:21pm eastern time:
(Jul 23-15:21) mike: bad pattern, pop tht fizzles at
975,50-976.00 a sell
That was sweet. The ES popped to that zone, reaching
976.00 and reversed just 9 minutes later. The ES fell
7.50 points to 968.50 by the close. We scaled out in
thirds at 974.00 or better, 971.00 and carried partial
position marked-to-market at 969.00 overnight.
Good Trading,
Mike Reed
TradeStalker.com
up" until getting to 976.25 on the ES. I was until around
noon and got our members a good trade. After coming off
the double top at 976.50 on the ES, those in the IM "room"
got this quick post at 3:21pm eastern time:
(Jul 23-15:21) mike: bad pattern, pop tht fizzles at
975,50-976.00 a sell
That was sweet. The ES popped to that zone, reaching
976.00 and reversed just 9 minutes later. The ES fell
7.50 points to 968.50 by the close. We scaled out in
thirds at 974.00 or better, 971.00 and carried partial
position marked-to-market at 969.00 overnight.
Good Trading,
Mike Reed
TradeStalker.com
Wednesday, July 22, 2009
TradeStalker's RBI Update 07/22/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 22 / 2009
(Published Since 1996)
...............................................
Dateline: 6:07 pm eastern time, 7/22/2009
The ES opened down 8 points on Wednesday, and the move was
reversed from the get-go. The ES rallied 10 points to the
954.00-954.50 initial resistance area, and a double top was
made. The ES fell to the 947.75 support and bounced again,
and after breaking out of a triangle pattern the ES ran up
to 956.75. A double top was made there, and then the market
went into a choppy trend down move into the close.
On Thursday we get Initial Claims before the open, and then
the Existing Home Sales 30 minutes into the trading day. The
market action on Wednesday was the first real sign of
weakness in quite some time. Volatility should be returning.
The action was two-sided and a bit tricky as the ES had a
number of swings intraday. The ES made these moves intraday
on Wednesday:
944.50 -9.50
954.50 +10.00
947.75 -6.75
953.50 +5.75
949.25 -4.25
956.75 +7.50
950.75 -6.00
954.25 +3.50
948.25 -6.00
The weight of the evidence from the daily indicators says a
short term top should be in place. The Nasdaq looks
especially vulnerable if there is a selloff.
On Thursday the market would need to get over the initial
resistance areas and not quickly reverse, to get back into
uptrends. Even if that occurs, the bounces will have trouble
holding. If there is early strength, the move should set up
a very good shorting opportunity, especially if the move is
rejected from the initial resistance areas. If the market
opens lower, a rebound should occur in the first 45 minutes
of trading. If it stalls out under the 952 level on the ES
and 1560 on the NQ, then the market is weak and there is
more to come on the downside.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
953.75-954.25
956.50-956.75
963.50-964.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
948.25-947.75
944.75-944.25
940.25-939.25
937.25-937.00
933.00-932.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1564.75-1565.25
1570.50-1571.25
1576.75-1578.50
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1556.75-1555.50
1549.50-1548.75
1542.50-1542.25
1536.50-1535.50
1525.50-1524.50
September 2009 Dow futures resistance
symbols: emini = ymu9
8864-8868
8902-8907
8974-8978
September 2009 Dow futures support
symbols: emini = ymu9
8818-8816
8791-8788
8766-8762
8732-8728
8708-8702
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
7 / 22 / 2009
(Published Since 1996)
...............................................
Dateline: 6:07 pm eastern time, 7/22/2009
The ES opened down 8 points on Wednesday, and the move was
reversed from the get-go. The ES rallied 10 points to the
954.00-954.50 initial resistance area, and a double top was
made. The ES fell to the 947.75 support and bounced again,
and after breaking out of a triangle pattern the ES ran up
to 956.75. A double top was made there, and then the market
went into a choppy trend down move into the close.
On Thursday we get Initial Claims before the open, and then
the Existing Home Sales 30 minutes into the trading day. The
market action on Wednesday was the first real sign of
weakness in quite some time. Volatility should be returning.
The action was two-sided and a bit tricky as the ES had a
number of swings intraday. The ES made these moves intraday
on Wednesday:
944.50 -9.50
954.50 +10.00
947.75 -6.75
953.50 +5.75
949.25 -4.25
956.75 +7.50
950.75 -6.00
954.25 +3.50
948.25 -6.00
The weight of the evidence from the daily indicators says a
short term top should be in place. The Nasdaq looks
especially vulnerable if there is a selloff.
On Thursday the market would need to get over the initial
resistance areas and not quickly reverse, to get back into
uptrends. Even if that occurs, the bounces will have trouble
holding. If there is early strength, the move should set up
a very good shorting opportunity, especially if the move is
rejected from the initial resistance areas. If the market
opens lower, a rebound should occur in the first 45 minutes
of trading. If it stalls out under the 952 level on the ES
and 1560 on the NQ, then the market is weak and there is
more to come on the downside.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
953.75-954.25
956.50-956.75
963.50-964.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
948.25-947.75
944.75-944.25
940.25-939.25
937.25-937.00
933.00-932.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1564.75-1565.25
1570.50-1571.25
1576.75-1578.50
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1556.75-1555.50
1549.50-1548.75
1542.50-1542.25
1536.50-1535.50
1525.50-1524.50
September 2009 Dow futures resistance
symbols: emini = ymu9
8864-8868
8902-8907
8974-8978
September 2009 Dow futures support
symbols: emini = ymu9
8818-8816
8791-8788
8766-8762
8732-8728
8708-8702
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 07/22/09
HOW OUR DAY WENT: The ES opened 8.25 points lower on Wednesday and immediately reversed and ran to make a double top at 954.50 resistance. It set up a short that reached our 947.50-946.75target before reversing. After coming off the double top at 956.75, those in the IM "room" got this quick post:
(Jul 22-14:52) mike: 953.50-954.00 pivotal all day. early
dbl top, a low after breakout to the high, resist here
The ES rejected 954.25 about 8 minutes later, and it sold
off to 948.75 in 15 minutes, another nice quick trade.
That is just 2 of our trades, as there was a good deal
of info posted today, not to mention SEVEN intraday
updates.
Good Trading,
Mike Reed
TradeStalker.com
(Jul 22-14:52) mike: 953.50-954.00 pivotal all day. early
dbl top, a low after breakout to the high, resist here
The ES rejected 954.25 about 8 minutes later, and it sold
off to 948.75 in 15 minutes, another nice quick trade.
That is just 2 of our trades, as there was a good deal
of info posted today, not to mention SEVEN intraday
updates.
Good Trading,
Mike Reed
TradeStalker.com
Tuesday, July 21, 2009
TradeStalker's RBI Update 07/21/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 21 / 2009
(Published Since 1996)
...............................................
Dateline: 6:33 pm eastern time, 7/21/2009
The ES opened up 5.25 points on Tuesday, but that early
strength reversed and we had a drop to 945.00 in short
order. That was at the 945.00-944.50 support area, and the
ES bounced to 951.75 and quickly reversed. That lead to a
drop to 939.50 on the ES, just a tick under the
940.25-939.25 key support, and the move was reversed. The ES
turned up and started a slow and choppy grind higher to the
947.75-948.00 area. There was only a small pullback, and it
caused a rally back to 954.00 just before settlement for the
futures.
On Tuesday we had trend-down action into early afternoon,
then after reversing from the 940.25-939.25 zone the market
started a choppy trend-up move. Despite the new highs on
this leg up, the internal gauges have gone into neutral
territory. Also, although the market rallied back to close
at the highs on the cash indices, the ES settled 3 ticks
under its open.
The market ended the day in uptrends, so on Wednesday we are
likely going to see early strength set up a shorting
opportunity. A pop up open just above the Tuesday highs that
reverses would set up that trade. Then, as long as the
947.50-946.75 initial support area on the ES holds on the
first decent pullback, the upside move should continue. If
that area is not held, then the 940.25-939.25 area is still
the major short term support. If the market gets back there,
and buyers do not step to the plate, then the charts will
begin a topping pattern.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
954.50-955.50
958.50-959.00
963.50-964.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
947.50-946.75
940.25-939.25
937.25-937.00
933.00-932.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1544.75-1555.25
1560.50-1561.25
1566.75-1568.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1544.75-1544.00
1529.50-1528.25
1525.50-1524.50
1518.75-1518.00
September 2009 Dow futures resistance
symbols: emini = ymu9
8890-8894
8938-8942
8974-8978
September 2009 Dow futures support
symbols: emini = ymu9
8835-8830
8766-8762
8732-8728
8708-8702
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
7 / 21 / 2009
(Published Since 1996)
...............................................
Dateline: 6:33 pm eastern time, 7/21/2009
The ES opened up 5.25 points on Tuesday, but that early
strength reversed and we had a drop to 945.00 in short
order. That was at the 945.00-944.50 support area, and the
ES bounced to 951.75 and quickly reversed. That lead to a
drop to 939.50 on the ES, just a tick under the
940.25-939.25 key support, and the move was reversed. The ES
turned up and started a slow and choppy grind higher to the
947.75-948.00 area. There was only a small pullback, and it
caused a rally back to 954.00 just before settlement for the
futures.
On Tuesday we had trend-down action into early afternoon,
then after reversing from the 940.25-939.25 zone the market
started a choppy trend-up move. Despite the new highs on
this leg up, the internal gauges have gone into neutral
territory. Also, although the market rallied back to close
at the highs on the cash indices, the ES settled 3 ticks
under its open.
The market ended the day in uptrends, so on Wednesday we are
likely going to see early strength set up a shorting
opportunity. A pop up open just above the Tuesday highs that
reverses would set up that trade. Then, as long as the
947.50-946.75 initial support area on the ES holds on the
first decent pullback, the upside move should continue. If
that area is not held, then the 940.25-939.25 area is still
the major short term support. If the market gets back there,
and buyers do not step to the plate, then the charts will
begin a topping pattern.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
954.50-955.50
958.50-959.00
963.50-964.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
947.50-946.75
940.25-939.25
937.25-937.00
933.00-932.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1544.75-1555.25
1560.50-1561.25
1566.75-1568.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1544.75-1544.00
1529.50-1528.25
1525.50-1524.50
1518.75-1518.00
September 2009 Dow futures resistance
symbols: emini = ymu9
8890-8894
8938-8942
8974-8978
September 2009 Dow futures support
symbols: emini = ymu9
8835-8830
8766-8762
8732-8728
8708-8702
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 07/21/09
HOW OUR DAY WENT: We were shorting early strength and
the gap up open was reversed right from the open. Even
waiting for 950 to break for a trigger gave a decent
trade as the ES went right to our 945.00 support before
bouncing. That move also reversed 950, and gave a sell-
off to our 940.25-939.25 key area. The ES reversed from
a 939.50 low quickly, and after breaking 944 the move
changed dynamics. Members were given updated support
on the way up to the 947.75-948.00 new resistance zone.
The ES held 942.00 on a pullback then continued its
rally into the close.
Good Trading,
Mike Reed
TradeStalker.com
the gap up open was reversed right from the open. Even
waiting for 950 to break for a trigger gave a decent
trade as the ES went right to our 945.00 support before
bouncing. That move also reversed 950, and gave a sell-
off to our 940.25-939.25 key area. The ES reversed from
a 939.50 low quickly, and after breaking 944 the move
changed dynamics. Members were given updated support
on the way up to the 947.75-948.00 new resistance zone.
The ES held 942.00 on a pullback then continued its
rally into the close.
Good Trading,
Mike Reed
TradeStalker.com
Monday, July 20, 2009
TradeStalker's RBI Update 07/20/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 20 / 2009
(Published Since 1996)
...............................................
Dateline: 6:29 pm eastern time, 7/20/2009
The market opened higher on Monday, and after the ES made a
double top at 945.75 there was a pretty quick drop to the
updated support at the 927.50-927.00 zone. With a low at
937.25 on the ES, the market went into a grind higher and
reached 944.50 before pulling back. The ES dropped to 940,
just over the 939.75 level, and quickly reversed. That was
enough to start a bounce, and with a couple little shakeouts
along the way, the market went into a choppy grind higher
that took the ES up to 949.25 just before the close.
The market still has good upside momentum, and holding the
940.00-939.75 area on the ES keeps the melt-up action in
gear. That area is now key support, and really shouldn't
even be tested if the market is going higher from here. The
market has had a good underlying bid, with the quick
pullbacks all getting turned around and headed back to the
upside. The only bad thing is that after 9 straight up days
for the Nasdaq 100 and a 72 point gain over 6 days for the
SP500 cash, this move has gone pretty fast pretty fast. A
pullback should be due, and the late run-up into the close
might have been the hook that makes for a short term trading
top.
The moves into new high ground have tended to be sold the
first go around. If there is early strength, and the ES
stalls/reverses from around the 952.00-953.00 area, that
could make a double top of sorts, and a sell-off could
begin. On the other side of the coin, if the Monday highs
are not exceeded, and the initial support areas are not able
to hold, then a test of the 940.25-939.75 area should be
telling. That is the last round number that was resistance
and now support, and that is also where buyers came in on
Monday afternoon. If it is not defended, then things could
be changing short term. A drop back to the 933.00-932.25
area on the ES, and possibly quite a bit lower could be in
the cards.
On Tuesday get short if there is early strength, as the ES
should not exceed the 952-953 area if there is going to
finally be a decent pullback. A move over 950 that then goes
back down through 950 would be a decent entry. If that plays
out, and the initial support isn't held, a drop towards the
Monday afternoon lows needs to hold, otherwise it could be a
bad day for the market.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
949.25
952.00-953.00
957.50-958.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
945.00-944.50
940.25-939.25
937.25-937.00
933.00-932.25
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1544.00
1547.75-1548.25
1554.00-1554.75
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1535.00-1534.50
1530.50-1529.75
1526.00-1525.50
1518.75-1508.00
September 2009 Dow futures resistance
symbols: emini = ymu9
8810
8841-8848
8878-8882
September 2009 Dow futures support
symbols: emini = ymu9
8778-8774
8736-8732
8702-8698
8658-8654
CLICK HERE to watch a brief video on how to
best utilize the RBI Updates in your own trading.
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
7 / 20 / 2009
(Published Since 1996)
...............................................
Dateline: 6:29 pm eastern time, 7/20/2009
The market opened higher on Monday, and after the ES made a
double top at 945.75 there was a pretty quick drop to the
updated support at the 927.50-927.00 zone. With a low at
937.25 on the ES, the market went into a grind higher and
reached 944.50 before pulling back. The ES dropped to 940,
just over the 939.75 level, and quickly reversed. That was
enough to start a bounce, and with a couple little shakeouts
along the way, the market went into a choppy grind higher
that took the ES up to 949.25 just before the close.
The market still has good upside momentum, and holding the
940.00-939.75 area on the ES keeps the melt-up action in
gear. That area is now key support, and really shouldn't
even be tested if the market is going higher from here. The
market has had a good underlying bid, with the quick
pullbacks all getting turned around and headed back to the
upside. The only bad thing is that after 9 straight up days
for the Nasdaq 100 and a 72 point gain over 6 days for the
SP500 cash, this move has gone pretty fast pretty fast. A
pullback should be due, and the late run-up into the close
might have been the hook that makes for a short term trading
top.
The moves into new high ground have tended to be sold the
first go around. If there is early strength, and the ES
stalls/reverses from around the 952.00-953.00 area, that
could make a double top of sorts, and a sell-off could
begin. On the other side of the coin, if the Monday highs
are not exceeded, and the initial support areas are not able
to hold, then a test of the 940.25-939.75 area should be
telling. That is the last round number that was resistance
and now support, and that is also where buyers came in on
Monday afternoon. If it is not defended, then things could
be changing short term. A drop back to the 933.00-932.25
area on the ES, and possibly quite a bit lower could be in
the cards.
On Tuesday get short if there is early strength, as the ES
should not exceed the 952-953 area if there is going to
finally be a decent pullback. A move over 950 that then goes
back down through 950 would be a decent entry. If that plays
out, and the initial support isn't held, a drop towards the
Monday afternoon lows needs to hold, otherwise it could be a
bad day for the market.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
949.25
952.00-953.00
957.50-958.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
945.00-944.50
940.25-939.25
937.25-937.00
933.00-932.25
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1544.00
1547.75-1548.25
1554.00-1554.75
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1535.00-1534.50
1530.50-1529.75
1526.00-1525.50
1518.75-1508.00
September 2009 Dow futures resistance
symbols: emini = ymu9
8810
8841-8848
8878-8882
September 2009 Dow futures support
symbols: emini = ymu9
8778-8774
8736-8732
8702-8698
8658-8654
CLICK HERE to watch a brief video on how to
best utilize the RBI Updates in your own trading.
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 07/20/09
HOW OUR DAY WENT: We were shorting early strength on
Monday and the ES made a double top at 945.75 and reversed.
The pullback stopped right at the 937.50-937.00 updated
support/target before a bounce. Members were given new
key resistance at 941.50-942.50 on the Members Instant
Message page, and a little double top at 942.25 set up
a scalp on the short side. That pullback held the 939.75
support by 3 ticks and started a choppy grind to 949.25
by the close.
Good Trading,
Mike Reed
TradeStalker.com
Monday and the ES made a double top at 945.75 and reversed.
The pullback stopped right at the 937.50-937.00 updated
support/target before a bounce. Members were given new
key resistance at 941.50-942.50 on the Members Instant
Message page, and a little double top at 942.25 set up
a scalp on the short side. That pullback held the 939.75
support by 3 ticks and started a choppy grind to 949.25
by the close.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 07/19/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 19 / 2009
(Published Since 1996)
...............................................
Dateline: 5:36 pm eastern time, 7/19/2009
The market had a good week, and the Nasdaq led the way with
its 8th straight up day on Friday. After the ES closed over
900 on Tuesday, the market gapped up big on Wednesday and by
Thursday afternoon the ES reached 940.75 before pulling
back. The Friday action was a 2 sided, narrow range day as
the averages chopped back and forth. The ES reached 938.75
before reversing, but the drop held at 932.75 and then the
market closed well to end the week.
The market had been very strong with good upside momentum.
The overbought status hasn't held the market back, which is
rare but a sign of a very strong market. Short term, the
market should be at/near a short term top. The market could
get volatile if things play out as it appears possible.
The ES traded in just a 7.75 point range on Friday, the
smallest range since a 7 point range on 5-30-2008. Low
volatility, or spinning its wheels it new high territory, is
usually reversed. On Monday the ES needs to stay over the
late Friday lows, or initial support, or the trends will
roll over short term.
On Monday the ES needs to get over the 940 area, and not
quickly reverse, to keep this melt-up going. If it does pop
through 940 and then reverse again, then a sharp drop could
begin. If there is a hold over the 940 level (like Thursday
afternoon's break/hold over 930) then a sprint towards the
952.50-953.25 is possible. IF that occurs, a reversal could
be very sharp when the move fizzles/reverses.
So, in the early going look for early strength that reverses
to set up a shorting opportunity. If that sets up, then the
first decent pullback would need to hold the initial support
areas to avoid rolling over. If the market opens lower
instead, and can reverse from the initial support areas, a
trade on the long side should set up. But don't overstay
your welcome if that occurs as another drop will be making
the 940 area a lid.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
940.00-940.75
943.50-944.50
952.50-953.25
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
933.00-932.75
925.25-924.75
919.50-919.00
912.50-911.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1532.25-1533.00
1536.75-1537.25
1544.50-1545.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1518.75-1508.00
1508.50-1507.50
1497.25-1496.50
1492.50-1491.25
September 2009 Dow futures resistance
symbols: emini = ymu9
8704-8708
8738-8740
8782-8787
September 2009 Dow futures support
symbols: emini = ymu9
8658-8654
8557-8552
8491-8488
8452-8448
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
7 / 19 / 2009
(Published Since 1996)
...............................................
Dateline: 5:36 pm eastern time, 7/19/2009
The market had a good week, and the Nasdaq led the way with
its 8th straight up day on Friday. After the ES closed over
900 on Tuesday, the market gapped up big on Wednesday and by
Thursday afternoon the ES reached 940.75 before pulling
back. The Friday action was a 2 sided, narrow range day as
the averages chopped back and forth. The ES reached 938.75
before reversing, but the drop held at 932.75 and then the
market closed well to end the week.
The market had been very strong with good upside momentum.
The overbought status hasn't held the market back, which is
rare but a sign of a very strong market. Short term, the
market should be at/near a short term top. The market could
get volatile if things play out as it appears possible.
The ES traded in just a 7.75 point range on Friday, the
smallest range since a 7 point range on 5-30-2008. Low
volatility, or spinning its wheels it new high territory, is
usually reversed. On Monday the ES needs to stay over the
late Friday lows, or initial support, or the trends will
roll over short term.
On Monday the ES needs to get over the 940 area, and not
quickly reverse, to keep this melt-up going. If it does pop
through 940 and then reverse again, then a sharp drop could
begin. If there is a hold over the 940 level (like Thursday
afternoon's break/hold over 930) then a sprint towards the
952.50-953.25 is possible. IF that occurs, a reversal could
be very sharp when the move fizzles/reverses.
So, in the early going look for early strength that reverses
to set up a shorting opportunity. If that sets up, then the
first decent pullback would need to hold the initial support
areas to avoid rolling over. If the market opens lower
instead, and can reverse from the initial support areas, a
trade on the long side should set up. But don't overstay
your welcome if that occurs as another drop will be making
the 940 area a lid.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
940.00-940.75
943.50-944.50
952.50-953.25
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
933.00-932.75
925.25-924.75
919.50-919.00
912.50-911.75
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1532.25-1533.00
1536.75-1537.25
1544.50-1545.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1518.75-1508.00
1508.50-1507.50
1497.25-1496.50
1492.50-1491.25
September 2009 Dow futures resistance
symbols: emini = ymu9
8704-8708
8738-8740
8782-8787
September 2009 Dow futures support
symbols: emini = ymu9
8658-8654
8557-8552
8491-8488
8452-8448
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 07/17/09
HOW OUR DAY WENT: The ES popped up to 937.00 and the
early strength was sold as the ES dropped to 931.00
and then reversed. The group was told that 938 was a
possible target/reversal area, and from 938.75 we also
got a double top/ 123 top setup. The ES fell to the
933.50-932.75 support then bounced into the close.
Good Trading,
Mike Reed
TradeStalker.com
early strength was sold as the ES dropped to 931.00
and then reversed. The group was told that 938 was a
possible target/reversal area, and from 938.75 we also
got a double top/ 123 top setup. The ES fell to the
933.50-932.75 support then bounced into the close.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 07/16/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 16 / 2009
(Published Since 1996)
...............................................
Dateline: 6:11 pm eastern time, 7/16/2009
The early strength was sold on Thursday, then after going
sideways for most of the day the upside got in gear with 2
hours left in trading. The ES was able to hold over 930 on a
little pullback, and then rallied to a 940.75 high (just
under 941.75-942.25 resistance) with 15 minutes left in
stock trading. Similar to Tuesday, the late pullback came
from a round number on the ES and they settled well under
fair value.
It looks like the market is in a big trading range, and we
are close to the top side. The SP500 cash closed around the
spot where the last breakdown began in earnest. The
rejection is telling, as lots of supply must be up there.
The ES easily rejected the 940 level and closed poorly. If
the market would get back up to the 940 level again and
reverse, it would set up a very good shorting opportunity.
In fact, that looks like a short term top and there should
be a selloff on Friday. There will not be any damage done
bigger picture unless the ES breaks the 923.50-923.00 area
on Friday and can not quickly reverse. If the ES can hold
and reverse from the 933.50-932.75 area early on Friday,
then the market has a chance to keep its rally going. If
that area is not held, then a top is likely in place as a
test of that 923.50-923.00 area could then be in the cards.
A failure there would be bad news, and start a sizable leg
on the downside.
On Friday look to short a bounce if there is one in the
early going. Odds of a selloff from up here are pretty good,
and a pop up to the initial resistance area that
stalls/reverses would set up a pretty sharp drop. If the
market opens lower, then a reversal from the 933.50-932.75
area would need to occur to keep the trends from rolling
over.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
937.75
940.75-941.25
943.50-944.50
950.50-952.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
933.50-932.75
926.25-925.75
923.50-923.00
919.50-919.00
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1517.50
1520.25-1521.00
1524.75-1525.25
1532.50-1533.50
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1508.75-1508.75
1501.50-1500.50
1497.25-1496.50
1492.50-1491.25
September 2009 Dow futures resistance
symbols: emini = ymu9
8678
8691-8694
8726-8730
8782-8787
September 2009 Dow futures support
symbols: emini = ymu9
8630-8627
8557-8552
8531-8528
8485-8482
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
7 / 16 / 2009
(Published Since 1996)
...............................................
Dateline: 6:11 pm eastern time, 7/16/2009
The early strength was sold on Thursday, then after going
sideways for most of the day the upside got in gear with 2
hours left in trading. The ES was able to hold over 930 on a
little pullback, and then rallied to a 940.75 high (just
under 941.75-942.25 resistance) with 15 minutes left in
stock trading. Similar to Tuesday, the late pullback came
from a round number on the ES and they settled well under
fair value.
It looks like the market is in a big trading range, and we
are close to the top side. The SP500 cash closed around the
spot where the last breakdown began in earnest. The
rejection is telling, as lots of supply must be up there.
The ES easily rejected the 940 level and closed poorly. If
the market would get back up to the 940 level again and
reverse, it would set up a very good shorting opportunity.
In fact, that looks like a short term top and there should
be a selloff on Friday. There will not be any damage done
bigger picture unless the ES breaks the 923.50-923.00 area
on Friday and can not quickly reverse. If the ES can hold
and reverse from the 933.50-932.75 area early on Friday,
then the market has a chance to keep its rally going. If
that area is not held, then a top is likely in place as a
test of that 923.50-923.00 area could then be in the cards.
A failure there would be bad news, and start a sizable leg
on the downside.
On Friday look to short a bounce if there is one in the
early going. Odds of a selloff from up here are pretty good,
and a pop up to the initial resistance area that
stalls/reverses would set up a pretty sharp drop. If the
market opens lower, then a reversal from the 933.50-932.75
area would need to occur to keep the trends from rolling
over.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
937.75
940.75-941.25
943.50-944.50
950.50-952.00
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
933.50-932.75
926.25-925.75
923.50-923.00
919.50-919.00
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1517.50
1520.25-1521.00
1524.75-1525.25
1532.50-1533.50
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1508.75-1508.75
1501.50-1500.50
1497.25-1496.50
1492.50-1491.25
September 2009 Dow futures resistance
symbols: emini = ymu9
8678
8691-8694
8726-8730
8782-8787
September 2009 Dow futures support
symbols: emini = ymu9
8630-8627
8557-8552
8531-8528
8485-8482
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's RBI Update 07/15/09
.................................................
TradeStalker's
R.B.I. Trader's Update
7 / 15 / 2009
(Published Since 1996)
...............................................
Dateline: 7:31 pm eastern time, 7/15/2009
**Due to a family outing on Thursday, there will
not be any intraday updates on Thursday. If there
is a "rain out" then I will be here, but barring
that, the next update will be sent on Thursday
night.**
The ES gapped up 12.50 points on Wednesday and didn't stop
as the market traded in a steady grind higher throughout the
day until the last hour. After getting to 930.75, the ES
reversed back down through 930.00, and that set up the only
decent pullback for the day. The last update stated, "If the
move reaches the 930 level and reverses, it is a shorting
opportunity" and the ES fell to 926.00 before turning back
up. The ES reached 930.25 on the bounce and it was reversed
again as the futures sold off into settlement.
The market looks like it topped on Wednesday after reversing
the 930 level twice. Wednesday was also a strong trend day,
and they are usually not followed by another trend day. To
go with that, my internal gauges have reached extremely
overbought readings. The 3 day thrust is at +.88, one of the
most overbought readings I can remember on that indicator.
Also, my RBI oscillator is in a strong sell position. To go
with that, the Vix reversed on Wednesday and that has 3 of 5
possible sell signals in force. The closing Trin on
Wednesday was a minuscule .34. If the internals were
flipped, it would be like getting a closing Trin of 3.09 on
a big down day. Lastly, the NYSE breadth had more than 2000
advancing issues and less than 1000 declining issues for 3
straight days. Odds are heavily in favor of lower prices on
Thursday.
If you carried over shorts per the instant message room
update, we should be in good shape for the early going. For
now the market is a short as long as the 930 level on the ES
is broken and held. Look for shorting opportunities on the
bounces until the ES reaches the 920.00-919.50 area, where
the market will hold and start a decent bounce if it's not
falling apart.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
930.25-930.75
934.25-935.00
941.75-942.25
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
926.00-925.50
920.00-919.50
916.00-915.50
906.00-905.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1449.50-1500.25
1504.75-1505.25
1511.00-1512.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1494.75-1494.25
1485.00-1484.25
1479.50-1478.75
1470.25-1468.50
September 2009 Dow futures resistance
symbols: emini = ymu9
8573-8676
8706-8711
8731-8735
September 2009 Dow futures support
symbols: emini = ymu9
8539-8536
8455-8452
8430-8426
8369-8365
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
7 / 15 / 2009
(Published Since 1996)
...............................................
Dateline: 7:31 pm eastern time, 7/15/2009
**Due to a family outing on Thursday, there will
not be any intraday updates on Thursday. If there
is a "rain out" then I will be here, but barring
that, the next update will be sent on Thursday
night.**
The ES gapped up 12.50 points on Wednesday and didn't stop
as the market traded in a steady grind higher throughout the
day until the last hour. After getting to 930.75, the ES
reversed back down through 930.00, and that set up the only
decent pullback for the day. The last update stated, "If the
move reaches the 930 level and reverses, it is a shorting
opportunity" and the ES fell to 926.00 before turning back
up. The ES reached 930.25 on the bounce and it was reversed
again as the futures sold off into settlement.
The market looks like it topped on Wednesday after reversing
the 930 level twice. Wednesday was also a strong trend day,
and they are usually not followed by another trend day. To
go with that, my internal gauges have reached extremely
overbought readings. The 3 day thrust is at +.88, one of the
most overbought readings I can remember on that indicator.
Also, my RBI oscillator is in a strong sell position. To go
with that, the Vix reversed on Wednesday and that has 3 of 5
possible sell signals in force. The closing Trin on
Wednesday was a minuscule .34. If the internals were
flipped, it would be like getting a closing Trin of 3.09 on
a big down day. Lastly, the NYSE breadth had more than 2000
advancing issues and less than 1000 declining issues for 3
straight days. Odds are heavily in favor of lower prices on
Thursday.
If you carried over shorts per the instant message room
update, we should be in good shape for the early going. For
now the market is a short as long as the 930 level on the ES
is broken and held. Look for shorting opportunities on the
bounces until the ES reaches the 920.00-919.50 area, where
the market will hold and start a decent bounce if it's not
falling apart.
September 2009 SP futures resistance
symbols: emini = esu9 / big contract =spu9
930.25-930.75
934.25-935.00
941.75-942.25
September 2009 SP futures support
symbols: emini = esu9 / big contract =spu9
926.00-925.50
920.00-919.50
916.00-915.50
906.00-905.50
September 2009 Nasdaq futures resistance
symbols: emini = nqu9 / big contract = ndu9
1449.50-1500.25
1504.75-1505.25
1511.00-1512.00
September 2009 Nasdaq futures support
symbols: emini = nqu9 / big contract = ndu9
1494.75-1494.25
1485.00-1484.25
1479.50-1478.75
1470.25-1468.50
September 2009 Dow futures resistance
symbols: emini = ymu9
8573-8676
8706-8711
8731-8735
September 2009 Dow futures support
symbols: emini = ymu9
8539-8536
8455-8452
8430-8426
8369-8365
---------------------------
REMINDER:
Real Time subscribers can view these updates on
the web at this site:
http://www.tradestalker.com/members
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
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