HOW OUR DAY WENT:
After the gap down open, the ES went
into a trading range. Then when 1022 was broken thru, we
got a pullback to 1022.25 to get long and the ES rallied
to the 1026.25 level then reversed. After pulling back to
1018.75, members were given the 1024.50-1025.50 area for
good resistance. It set up a good short, then a double top
was made at 1026.00 on the ES. Members were told to short
under 1026.25 and after 4 more attempts the ES dropped
from 1025.50 to 1019.00 by the close.
Good Trading,
Mike Reed
TradeStalker.com
Tuesday, October 06, 2009
TradeStalker's RBI Update 09/29/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 29 / 2009
(Published Since 1996)
...............................................
Dateline: 6:56 pm eastern time, 9/29/2009
The ES rallied up to the 1065.50-1066.00 resistance area
(1065.75 high) before Consumer Confidence was released on
Tuesday, then the sharp drop held the 1055.75-1055.25 zone
(1055.50 pullback low). The ES then bounced to 1061.50
before stalling and reversing. A drop from up there took out
the 1055.50 support on the ES and then fell to 1053.25
before reversing. The ES bounced back to 1057.75, but the
move fizzled and a drop to 1054.75 was reversed and a run-up
to 1061.00 followed. After the ES made a 1-2-3 top at the
1061.00-1060.75 levels, the last update stated that "the
1059.75-1060.50 area shouldn't be exceeded if the market is
still in poor shape" and a bounce to 1059.75 was reversed,
setting up a late 5.50 point drop to 1054.25 just before
settlement.
NOTE: We will be away on Wednesday and Thursday,
so this is the last nightly update until Sunday
night. There *will* be intraday updates on Friday
however.
On Wednesday there is the GDP before the open and then the
Chicago PMI just 15 minutes into regular trading hours. On
Tuesday the ES reversed from the 1065.50-1066.00 resistance
area, and then ended the day just off of its 1053.25 low.
The lower high and reversal may be making a 1-2-3 top on the
daily chart. If the SP500 cash closes under 1044 without
taking out the Tuesday high at 1069.62 first, then it should
mean that a move towards the 1031-1030 area on the SP500
cash is likely underway.
On Tuesday the ES didn't spend much time under the 1054 as
that was quickly reversed. If the ES breaks the initial
support areas on Wednesday, but then quickly reverses, it
should start a decent bounce. If that occurs, then beware of
a reversal when the move stalls out. A move back towards the
1060 area will be sold if the market is still weak. If the
ES cannot get over the 1060 area and hold, then it's still
bearish and the bounces will be shorting opportunities.
Also, if the 1054 level is not reversed, then the pressure
would be on and, with a few bounces along the way, the
market could head back towards the 9-25 lows and possibly
lower. If the 1054.00-1053.25 area is not broken, and
neither is the 1065.50-1066.00 area, then it will be an
inside day trading range like the NQ did on Tuesday.
NOTE: We will be away on Wednesday and Thursday,
so this is the last nightly update until Sunday
night. There *will* be intraday updates on Friday
however.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1059.00-1059.75
1061.00
1065.50-1066.00
1071.75-1072.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1054.00-1053.25
1050.75-1049.75
1043.00-1041.50
1039.00-1038.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1719.00-1720.00
1723.00
1730.00-1731.00
1738.50-1740.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1713.50-1712.50
1707.75-1706.75
1697.50-1696.50
1692.50-1691.75
December 2009 Dow futures resistance
symbols: emini = ymz9
9712-9715
9730
9772-9776
9837-9842
December 2009 Dow futures support
symbols: emini = ymz9
9665-9662
9634-9630
9583-9579
9544-9538
---------------------------
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
9 / 29 / 2009
(Published Since 1996)
...............................................
Dateline: 6:56 pm eastern time, 9/29/2009
The ES rallied up to the 1065.50-1066.00 resistance area
(1065.75 high) before Consumer Confidence was released on
Tuesday, then the sharp drop held the 1055.75-1055.25 zone
(1055.50 pullback low). The ES then bounced to 1061.50
before stalling and reversing. A drop from up there took out
the 1055.50 support on the ES and then fell to 1053.25
before reversing. The ES bounced back to 1057.75, but the
move fizzled and a drop to 1054.75 was reversed and a run-up
to 1061.00 followed. After the ES made a 1-2-3 top at the
1061.00-1060.75 levels, the last update stated that "the
1059.75-1060.50 area shouldn't be exceeded if the market is
still in poor shape" and a bounce to 1059.75 was reversed,
setting up a late 5.50 point drop to 1054.25 just before
settlement.
NOTE: We will be away on Wednesday and Thursday,
so this is the last nightly update until Sunday
night. There *will* be intraday updates on Friday
however.
On Wednesday there is the GDP before the open and then the
Chicago PMI just 15 minutes into regular trading hours. On
Tuesday the ES reversed from the 1065.50-1066.00 resistance
area, and then ended the day just off of its 1053.25 low.
The lower high and reversal may be making a 1-2-3 top on the
daily chart. If the SP500 cash closes under 1044 without
taking out the Tuesday high at 1069.62 first, then it should
mean that a move towards the 1031-1030 area on the SP500
cash is likely underway.
On Tuesday the ES didn't spend much time under the 1054 as
that was quickly reversed. If the ES breaks the initial
support areas on Wednesday, but then quickly reverses, it
should start a decent bounce. If that occurs, then beware of
a reversal when the move stalls out. A move back towards the
1060 area will be sold if the market is still weak. If the
ES cannot get over the 1060 area and hold, then it's still
bearish and the bounces will be shorting opportunities.
Also, if the 1054 level is not reversed, then the pressure
would be on and, with a few bounces along the way, the
market could head back towards the 9-25 lows and possibly
lower. If the 1054.00-1053.25 area is not broken, and
neither is the 1065.50-1066.00 area, then it will be an
inside day trading range like the NQ did on Tuesday.
NOTE: We will be away on Wednesday and Thursday,
so this is the last nightly update until Sunday
night. There *will* be intraday updates on Friday
however.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1059.00-1059.75
1061.00
1065.50-1066.00
1071.75-1072.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1054.00-1053.25
1050.75-1049.75
1043.00-1041.50
1039.00-1038.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1719.00-1720.00
1723.00
1730.00-1731.00
1738.50-1740.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1713.50-1712.50
1707.75-1706.75
1697.50-1696.50
1692.50-1691.75
December 2009 Dow futures resistance
symbols: emini = ymz9
9712-9715
9730
9772-9776
9837-9842
December 2009 Dow futures support
symbols: emini = ymz9
9665-9662
9634-9630
9583-9579
9544-9538
---------------------------
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: 09/29/09
HOW OUR DAY WENT:
The ES rallied up to the 1065.50-1066.00
resistance area (1065.75 high) before Consumer Confidence
was released, then the sharp drop held the 1055.75-1055.25
zone (1055.50 pullback low). After that nice start for the
day, the ES then bounced to 1061.50 before stalling and
reversing. After the ES made a 123 top at 1061.00-1060.75
members were told at 2:43 pm that "the 1059.75-1060.50
area shouldn't be exceeded if the market is still in poor
shape" and a bounce to 1059.75 at 3:24 pm was reversed,
setting up a late 5.50 point drop to 1054.25 just before
they settled.
Good Trading,
Mike Reed
TradeStalker.com
The ES rallied up to the 1065.50-1066.00
resistance area (1065.75 high) before Consumer Confidence
was released, then the sharp drop held the 1055.75-1055.25
zone (1055.50 pullback low). After that nice start for the
day, the ES then bounced to 1061.50 before stalling and
reversing. After the ES made a 123 top at 1061.00-1060.75
members were told at 2:43 pm that "the 1059.75-1060.50
area shouldn't be exceeded if the market is still in poor
shape" and a bounce to 1059.75 at 3:24 pm was reversed,
setting up a late 5.50 point drop to 1054.25 just before
they settled.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/28/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 28 / 2009
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 9/28/2009
The market opened higher on Monday and when it broke and
held over the 1044.00-1144.75 area on the ES and the
1700.25-1701.00 on the NQ, the upside caught fire and the ES
rallied to 1057.00 just over an hour into the trading day. A
small pullback followed, then in choppy action the ES ran up
to 1061.00 before reversing. That move took the ES down to
1055.75, then a good rebound lasted into the close.
The market had a very good oversold rally on Monday. The
indicators mostly are back to neutral, so that is not a prop
any longer. This market looks a bit split at the moment,
with the ES looking like it's okay but the NQ is looking
like it's top heavy.
In any case, the market held up well on Monday and so
nothing bad will happen unless the initial support areas are
broken. If that occurs and the Monday afternoon lows are
broken, then the bounces should set up shorting
opportunities. For now, look for a trade to set up on the
long side if the market opens lower and reverses back up
from a test of initial support, or higher. A better trade
would set up if there is early strength, and the move stalls
out and reverses in the first 45 minutes of trading on
Tuesday. A failure at the initial resistance would mean the
market is weak. If that plays out, then a decent sized
retracement of this leg could be in the cards. The 1050.75-
1049.75 area would be pivotal if the market is sold off. If
that area is not held, then a secondary top should be in
place.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1061.50-1063.00
1065.50-1066.00
1071.75-1072.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1055.75-1055.25
1050.75-1049.75
1043.00-1041.50
1039.00-1038.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1725.00-1726.50
1732.00-1732.50
1738.50-1740.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1719.75-1719.00
1714.75-1714.00
1697.50-1696.50
1692.50-1691.75
December 2009 Dow futures resistance
symbols: emini = ymz9
9768-9774
9786-9790
9837-9842
December 2009 Dow futures support
symbols: emini = ymz9
9710-9705
9659-9654
9593-9590
9579-9574
---------------------------
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
9 / 28 / 2009
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 9/28/2009
The market opened higher on Monday and when it broke and
held over the 1044.00-1144.75 area on the ES and the
1700.25-1701.00 on the NQ, the upside caught fire and the ES
rallied to 1057.00 just over an hour into the trading day. A
small pullback followed, then in choppy action the ES ran up
to 1061.00 before reversing. That move took the ES down to
1055.75, then a good rebound lasted into the close.
The market had a very good oversold rally on Monday. The
indicators mostly are back to neutral, so that is not a prop
any longer. This market looks a bit split at the moment,
with the ES looking like it's okay but the NQ is looking
like it's top heavy.
In any case, the market held up well on Monday and so
nothing bad will happen unless the initial support areas are
broken. If that occurs and the Monday afternoon lows are
broken, then the bounces should set up shorting
opportunities. For now, look for a trade to set up on the
long side if the market opens lower and reverses back up
from a test of initial support, or higher. A better trade
would set up if there is early strength, and the move stalls
out and reverses in the first 45 minutes of trading on
Tuesday. A failure at the initial resistance would mean the
market is weak. If that plays out, then a decent sized
retracement of this leg could be in the cards. The 1050.75-
1049.75 area would be pivotal if the market is sold off. If
that area is not held, then a secondary top should be in
place.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1061.50-1063.00
1065.50-1066.00
1071.75-1072.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1055.75-1055.25
1050.75-1049.75
1043.00-1041.50
1039.00-1038.25
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1725.00-1726.50
1732.00-1732.50
1738.50-1740.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1719.75-1719.00
1714.75-1714.00
1697.50-1696.50
1692.50-1691.75
December 2009 Dow futures resistance
symbols: emini = ymz9
9768-9774
9786-9790
9837-9842
December 2009 Dow futures support
symbols: emini = ymz9
9710-9705
9659-9654
9593-9590
9579-9574
---------------------------
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: 09/28/09
HOW OUR DAY WENT:
We had reason to expect an oversold
rally, and the ES and NQ both took out their late Friday
highs and that triggered good buying. The ES first peaked
at 1057.00, just under the last listed resistance at the
1057.25-1058.00 zone on the ES. A pullback followed, but
it held updated support and the ES rallied to 1061.00, a
half point from updated resistance at the 1061.50-1063.00
zone, and reversed. After a 4 point drop to the 1057.00
updated support and bounced. An instant message told
members that the 1059 level needed to be exceeded and
held to avoid more pullback, and after that area was
reversed the ES dropped 3.25 points to 1055.75 in a
choppy move lower.
Good Trading,
Mike Reed
TradeStalker.com
We had reason to expect an oversold
rally, and the ES and NQ both took out their late Friday
highs and that triggered good buying. The ES first peaked
at 1057.00, just under the last listed resistance at the
1057.25-1058.00 zone on the ES. A pullback followed, but
it held updated support and the ES rallied to 1061.00, a
half point from updated resistance at the 1061.50-1063.00
zone, and reversed. After a 4 point drop to the 1057.00
updated support and bounced. An instant message told
members that the 1059 level needed to be exceeded and
held to avoid more pullback, and after that area was
reversed the ES dropped 3.25 points to 1055.75 in a
choppy move lower.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/27/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 27 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 9/27/2009
The market opened lower on Friday but then turned back up
from the 1041.50-1041.00 support zone on the ES and rallied
to the 1048.50-1049.00 resistance zone. The move reversed,
and a persistent trend down move to the 1038-1037
support/target zone occurred. After a brief poke under that
support, the market reversed around 1 pm and then a decent
rally followed. However, the rally lost steam after the ES
reached 1044.75 and then a little 1-2-3 top was made after
the ES reversed from 1043.75 and it dropped 4.50 points to
1039.25 before the close.
The market dropped for 3 days in a row, starting with the
key reversal day on Wednesday. This has put a number of
short term internal oscillators into oversold status. My 3
Day Thrust oscillator is at -.70 (a normal extreme is +/-
.50) and my RBI oscillator is also in extreme oversold
status. Also, the 4 day volume ratio is down to .33, which
is very compressed.
That said, the market has reason to put together a decent
bounce. If it cannot bounce enough to relieve the oversold
status, then it is in poor shape and we should get a deeper
selloff into Tuesday. If the market can put together a
decent rally, it will set up another sizable drop as long as
last week's highs are not exceeded.
On Friday the market had trouble getting over the 1044.00-
1144.75 area on the ES and the 1700.25-1701.00 on the NQ.
Both of those areas were sold into, and must be exceeded and
not quickly reversed to get another push higher in gear. If
that occurs, just beware that when the upside momentum
stalls out, a decent pullback should follow. On the
downside, the market turned up quickly from the 1036.25 low
and probably trapped some late shorts, so that area must be
defended if the market is going to avoid more trouble. If it
is not quickly reversed, then the pressure may be on for a
move towards the 1030.50-1029.50 zone on the ES to see if
the market will either snap back, or fall apart.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1044.00-1144.75
1048.50-1049.00
1054.50-1055.00
1057.25-1058.00
1061.50-1063.00 **major
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1039.00-1038.25
1036.25-1035.75
1030.50-1029.50
1022.00-1021.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1700.25-1701.00
1708.50-1709.00
1717.75-1719.25
1722.75-1724.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1692.50-1691.75
1688.75-1687.75
1681.25-1679.75
1672.50-1671.50
December 2009 Dow futures resistance
symbols: emini = ymz9
9646-9650
9671-9675
9722-9727
9745-9748
December 2009 Dow futures support
symbols: emini = ymz9
9593-9590
9576-9573
9522-9518
9448-9443
---------------------------
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
9 / 27 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 9/27/2009
The market opened lower on Friday but then turned back up
from the 1041.50-1041.00 support zone on the ES and rallied
to the 1048.50-1049.00 resistance zone. The move reversed,
and a persistent trend down move to the 1038-1037
support/target zone occurred. After a brief poke under that
support, the market reversed around 1 pm and then a decent
rally followed. However, the rally lost steam after the ES
reached 1044.75 and then a little 1-2-3 top was made after
the ES reversed from 1043.75 and it dropped 4.50 points to
1039.25 before the close.
The market dropped for 3 days in a row, starting with the
key reversal day on Wednesday. This has put a number of
short term internal oscillators into oversold status. My 3
Day Thrust oscillator is at -.70 (a normal extreme is +/-
.50) and my RBI oscillator is also in extreme oversold
status. Also, the 4 day volume ratio is down to .33, which
is very compressed.
That said, the market has reason to put together a decent
bounce. If it cannot bounce enough to relieve the oversold
status, then it is in poor shape and we should get a deeper
selloff into Tuesday. If the market can put together a
decent rally, it will set up another sizable drop as long as
last week's highs are not exceeded.
On Friday the market had trouble getting over the 1044.00-
1144.75 area on the ES and the 1700.25-1701.00 on the NQ.
Both of those areas were sold into, and must be exceeded and
not quickly reversed to get another push higher in gear. If
that occurs, just beware that when the upside momentum
stalls out, a decent pullback should follow. On the
downside, the market turned up quickly from the 1036.25 low
and probably trapped some late shorts, so that area must be
defended if the market is going to avoid more trouble. If it
is not quickly reversed, then the pressure may be on for a
move towards the 1030.50-1029.50 zone on the ES to see if
the market will either snap back, or fall apart.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1044.00-1144.75
1048.50-1049.00
1054.50-1055.00
1057.25-1058.00
1061.50-1063.00 **major
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1039.00-1038.25
1036.25-1035.75
1030.50-1029.50
1022.00-1021.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1700.25-1701.00
1708.50-1709.00
1717.75-1719.25
1722.75-1724.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1692.50-1691.75
1688.75-1687.75
1681.25-1679.75
1672.50-1671.50
December 2009 Dow futures resistance
symbols: emini = ymz9
9646-9650
9671-9675
9722-9727
9745-9748
December 2009 Dow futures support
symbols: emini = ymz9
9593-9590
9576-9573
9522-9518
9448-9443
---------------------------
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 09/25/09
HOW OUR DAY WENT:
The drop to our 1041.50-1041.00
support was bought and the bounce to our 1048.50-1049.00
resistance was sold. The drop off of 1049.00 was an
easy grind lower and met our 1038-1037 support/target
shortly after noon. After a small break of 1037, the ES
quickly turned up and we got the reversal that was
anticipated. The bounce for the ES then barely poked over
the 1042.50-1043.00 updated resistance and pulled back.
Members were told that "the 1040.50-1039.50 area should
[hold] if the market is out of trouble" and after a dip
to 1040.75 the ES ran up 4 points to 1044.75 in the last
hour. The market acted tired so an instant message to
the group saying
(Sep 25-15:12) mike: if another pop up, its a sell as
soon as upside stalls out, upside has lost momentum
The 1043.75 level was rejected 3 times, then the ES
dropped 4.50 points to 1039.25 with 15 minutes left
in stock trading. We nailed today's 1049.00 high, were
ready for a reversal from the 1038-1037 area, and sold
short with 30 minutes left, ending a good week with very
good reward/risk trades.
Good Trading,
Mike Reed
TradeStalker.com
The drop to our 1041.50-1041.00
support was bought and the bounce to our 1048.50-1049.00
resistance was sold. The drop off of 1049.00 was an
easy grind lower and met our 1038-1037 support/target
shortly after noon. After a small break of 1037, the ES
quickly turned up and we got the reversal that was
anticipated. The bounce for the ES then barely poked over
the 1042.50-1043.00 updated resistance and pulled back.
Members were told that "the 1040.50-1039.50 area should
[hold] if the market is out of trouble" and after a dip
to 1040.75 the ES ran up 4 points to 1044.75 in the last
hour. The market acted tired so an instant message to
the group saying
(Sep 25-15:12) mike: if another pop up, its a sell as
soon as upside stalls out, upside has lost momentum
The 1043.75 level was rejected 3 times, then the ES
dropped 4.50 points to 1039.25 with 15 minutes left
in stock trading. We nailed today's 1049.00 high, were
ready for a reversal from the 1038-1037 area, and sold
short with 30 minutes left, ending a good week with very
good reward/risk trades.
Good Trading,
Mike Reed
TradeStalker.com
Friday, September 25, 2009
TradeStalker's RBI Update 09/24/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 24 / 2009
(Published Since 1996)
...............................................
Dateline: 6:33 pm eastern time, 9/24/2009
The market opened higher on Thursday, but the strength was
reversed from 1062.00 on the ES and it turned into a trend
down move to the 1043.25-1042.50 support zone. The ES
bounced off of 1043.75 to 1049.00, and then churned sideways
for about 2 1/2 hours. The ES broke lower to 1041.00 and
then quickly turned up, and it started a decent rebound. The
1049-1050 area was updated resistance, and the ES reached
1048.75 and backed off. Buying came in again at 1045.00 and
the ES ran back up to 1048.50 and turned down. That
triggered a 1-2-3 top and the ES dropped 5 points into the
close.
After back to back bad days for the market, a few short term
indicators are getting oversold. However, the mood certainly
has changed over the last 2 days when the talk wasn't IF but
WHEN the SP500 would reach 1100. It still looks like there
is lower to go, however there should be at least 1 decent
rally attempt (especially if early weakness is reversed from
the 1038.00-1037.25 zone) that squeezes shorts and sucks in
some early buyers before heading back down. We get the
Michigan sentiment survey 25 minutes into trading, so if
that happens in the early going then beware that a decent
bounce will set up a shorting opportunity. The 1054.50-
1055.00 area should be about as far as a counter trend
bounce should go if the market is still weak. If the market
gets up there, and doesn't back away, then a better bounce
than expected is underway. If that's the case, there still
should be reactions around the next resistance zones.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1048.50-1049.00
1054.50-1055.00
1057.25-1058.00
1064.00-1064.50
1082.00 begins gap fill
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1043.50
1041.50-1041.00
1038.00-1037.25
1031.00-1029.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1711.00-1711.75
1717.75-1719.25
1722.75-1724.50
1730.00-1731.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1698.00
1696.50-1696.00
1692.75-1692.00
December 2009 Dow futures resistance
symbols: emini = ymz9
9663-9667
9703-9706
9722-9727
9773-9777
December 2009 Dow futures support
symbols: emini = ymz9
9626
9604-9600
9571-9568
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
9 / 24 / 2009
(Published Since 1996)
...............................................
Dateline: 6:33 pm eastern time, 9/24/2009
The market opened higher on Thursday, but the strength was
reversed from 1062.00 on the ES and it turned into a trend
down move to the 1043.25-1042.50 support zone. The ES
bounced off of 1043.75 to 1049.00, and then churned sideways
for about 2 1/2 hours. The ES broke lower to 1041.00 and
then quickly turned up, and it started a decent rebound. The
1049-1050 area was updated resistance, and the ES reached
1048.75 and backed off. Buying came in again at 1045.00 and
the ES ran back up to 1048.50 and turned down. That
triggered a 1-2-3 top and the ES dropped 5 points into the
close.
After back to back bad days for the market, a few short term
indicators are getting oversold. However, the mood certainly
has changed over the last 2 days when the talk wasn't IF but
WHEN the SP500 would reach 1100. It still looks like there
is lower to go, however there should be at least 1 decent
rally attempt (especially if early weakness is reversed from
the 1038.00-1037.25 zone) that squeezes shorts and sucks in
some early buyers before heading back down. We get the
Michigan sentiment survey 25 minutes into trading, so if
that happens in the early going then beware that a decent
bounce will set up a shorting opportunity. The 1054.50-
1055.00 area should be about as far as a counter trend
bounce should go if the market is still weak. If the market
gets up there, and doesn't back away, then a better bounce
than expected is underway. If that's the case, there still
should be reactions around the next resistance zones.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1048.50-1049.00
1054.50-1055.00
1057.25-1058.00
1064.00-1064.50
1082.00 begins gap fill
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1043.50
1041.50-1041.00
1038.00-1037.25
1031.00-1029.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1711.00-1711.75
1717.75-1719.25
1722.75-1724.50
1730.00-1731.00
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1698.00
1696.50-1696.00
1692.75-1692.00
December 2009 Dow futures resistance
symbols: emini = ymz9
9663-9667
9703-9706
9722-9727
9773-9777
December 2009 Dow futures support
symbols: emini = ymz9
9626
9604-9600
9571-9568
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 09/24/09
HOW OUR DAY WENT:
We were looking for lower prices on
Thursday and the pop up to 1062 on the ES was reversed
and it went trend down to a exact hit of the 1043.25-
1042.50 zone. The bounce from 1043.25 was reversed at
1049.00 and fell back to support again. Then in the
last update the group was reminded *again* that the 1049-
1050 zone was key. The ES made a 1-2-3 top from 1048.75
and 1048.50, then dropped 5 points to 1043.50 by the
close. More good trading opportunities for our group
with very good reward/ risk entries.
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
We were looking for lower prices on
Thursday and the pop up to 1062 on the ES was reversed
and it went trend down to a exact hit of the 1043.25-
1042.50 zone. The bounce from 1043.25 was reversed at
1049.00 and fell back to support again. Then in the
last update the group was reminded *again* that the 1049-
1050 zone was key. The ES made a 1-2-3 top from 1048.75
and 1048.50, then dropped 5 points to 1043.50 by the
close. More good trading opportunities for our group
with very good reward/ risk entries.
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/23/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 23 / 2009
(Published Since 1996)
...............................................
Dateline: 6:25 pm eastern time, 9/23/2009
The ES popped up to our 1068.75-069.25 resistance on
Wednesday, and that was rejected 3 times before a drop to
the 1065.50-1065.00 support zone. An instant message was
sent telling members to cover shorts at 1065.50 or better,
and it was just 2 ticks from the early low at 1065.00. The
bounce to 1068.00 reversed, setting up a re-entry and the ES
dropped 5.75 points to 1062.25 - just 2 ticks over the
1061.75-1061.25 support - then the pre-Fed release rally
began. The 1065-1066 updated resistance gave the market some
trouble, but the market moved higher going into the Fed
release. After he Fed release the ES ran up to 1075.75 and
dropped hard. After that occurred, an instant message was
sent saying:
(Sep 23-15:01) mike: 72-73 resist, they topped if that zone
not cleared
The bounce fizzled at 1072.25 and reversed, and it was the
start a trend down move of 17 points to 1055.25 at the 4 pm
close for stocks.
The averages all made outside days, closing on their lows
after posting new highs for the year on the post release
pop. The break of the 1072 level brought on the selling, and
it was the first persistent downtrend in some time. Lately,
the market has been coming right back with a good rally.
This time it doesn't look like that will happen. The Vix
gave 2 sell signals at Wednesday's close, and some key
levels were taken out on the downside. Also, the daily chart
is nearly parabolic, and formed a wedge along the way.
It looks like a drop to the 1052.50-1052.00 area on the ES
might be a "magnet" before a chance for a rally attempt.
Still, a decent bounce will likely be sold just as soon as
the upside stalls out, as it looks like we should get
another day down before the market tries to get its rally
going again.
So, on Thursday look for shorting opportunities on the
bounces. Early weakness that reverses in the first 20
minutes might set up a bounce, but that first decent bounce
will set up a good shorting opportunity as soon as the
upside loses its momentum. A move back to the
1064.00-1064.50 area that fizzles will bring in selling if
the market is still real weak. If there is a gap down open,
then there should be pretty good resistance around the
1059.50-1060.50 area.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1064.00-1064.50
1066.75-1067.25
1071.50-1072.25
1075.00-1075.75
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1055.75-1055.25
1052.50-1052.00
1047.25-1046.50
1043.25-1042.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1732.75-1733.25
1737.25-1738.25
1748.50-1749.00
1752.50-1753.25
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1720.75-1720.25
1716.25-1715.50
1711.50-1710.50
1702.25-1700.50
December 2009 Dow futures resistance
symbols: emini = ymz9
9754-9757
9773-9777
9836-9839
9852-9857
December 2009 Dow futures support
symbols: emini = ymz9
9682-9679
9643-9639
9602-9598
9572-9568
---------------------------
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
9 / 23 / 2009
(Published Since 1996)
...............................................
Dateline: 6:25 pm eastern time, 9/23/2009
The ES popped up to our 1068.75-069.25 resistance on
Wednesday, and that was rejected 3 times before a drop to
the 1065.50-1065.00 support zone. An instant message was
sent telling members to cover shorts at 1065.50 or better,
and it was just 2 ticks from the early low at 1065.00. The
bounce to 1068.00 reversed, setting up a re-entry and the ES
dropped 5.75 points to 1062.25 - just 2 ticks over the
1061.75-1061.25 support - then the pre-Fed release rally
began. The 1065-1066 updated resistance gave the market some
trouble, but the market moved higher going into the Fed
release. After he Fed release the ES ran up to 1075.75 and
dropped hard. After that occurred, an instant message was
sent saying:
(Sep 23-15:01) mike: 72-73 resist, they topped if that zone
not cleared
The bounce fizzled at 1072.25 and reversed, and it was the
start a trend down move of 17 points to 1055.25 at the 4 pm
close for stocks.
The averages all made outside days, closing on their lows
after posting new highs for the year on the post release
pop. The break of the 1072 level brought on the selling, and
it was the first persistent downtrend in some time. Lately,
the market has been coming right back with a good rally.
This time it doesn't look like that will happen. The Vix
gave 2 sell signals at Wednesday's close, and some key
levels were taken out on the downside. Also, the daily chart
is nearly parabolic, and formed a wedge along the way.
It looks like a drop to the 1052.50-1052.00 area on the ES
might be a "magnet" before a chance for a rally attempt.
Still, a decent bounce will likely be sold just as soon as
the upside stalls out, as it looks like we should get
another day down before the market tries to get its rally
going again.
So, on Thursday look for shorting opportunities on the
bounces. Early weakness that reverses in the first 20
minutes might set up a bounce, but that first decent bounce
will set up a good shorting opportunity as soon as the
upside loses its momentum. A move back to the
1064.00-1064.50 area that fizzles will bring in selling if
the market is still real weak. If there is a gap down open,
then there should be pretty good resistance around the
1059.50-1060.50 area.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1064.00-1064.50
1066.75-1067.25
1071.50-1072.25
1075.00-1075.75
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1055.75-1055.25
1052.50-1052.00
1047.25-1046.50
1043.25-1042.50
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1732.75-1733.25
1737.25-1738.25
1748.50-1749.00
1752.50-1753.25
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1720.75-1720.25
1716.25-1715.50
1711.50-1710.50
1702.25-1700.50
December 2009 Dow futures resistance
symbols: emini = ymz9
9754-9757
9773-9777
9836-9839
9852-9857
December 2009 Dow futures support
symbols: emini = ymz9
9682-9679
9643-9639
9602-9598
9572-9568
---------------------------
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: 09/23/09
HOW OUR DAY WENT:
We had a pop up to our 1068.75-1069.25
resistance that was rejected 3 times before a drop to the
1065.50-1065.00 support zone. An instant message was sent
telling members to cover shorts at 1065.50 or better, and
it was just 2 ticks from the early low at 1065.00. The
bounce to 1068.00 reversed, setting up a re-entry and the
ES dropped 5.75 points to 1062.25 - just 2 ticks over
the 1061.75-1061.25 support - then a rally began. The
1065-1066 updated resistance gave us another short when
the ES bounced to 1065.00 and dropped 2 points to 1063.00.
Members were told "beware of a potential double bottom"
which occurred and started a 5.75 point rally to the
1068.75 resistance by 12:30 pm. Then after he FED release
the ES ran up to 1075.75 and dropped hard. After that
occurred, an instant message was sent to members saying:
(Sep 23-15:01) mike: 72-73 resist, they topped if tht
zone not cleared
The bounce fizzled at 1072.25 and reversed, and it was
the start a trend down move of 17 points to 1055.25 at
4 pm. So, for our group it was a very good day. The
I.M. feature lets me help in a very timely fashion, and
our members are loving it!
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
We had a pop up to our 1068.75-1069.25
resistance that was rejected 3 times before a drop to the
1065.50-1065.00 support zone. An instant message was sent
telling members to cover shorts at 1065.50 or better, and
it was just 2 ticks from the early low at 1065.00. The
bounce to 1068.00 reversed, setting up a re-entry and the
ES dropped 5.75 points to 1062.25 - just 2 ticks over
the 1061.75-1061.25 support - then a rally began. The
1065-1066 updated resistance gave us another short when
the ES bounced to 1065.00 and dropped 2 points to 1063.00.
Members were told "beware of a potential double bottom"
which occurred and started a 5.75 point rally to the
1068.75 resistance by 12:30 pm. Then after he FED release
the ES ran up to 1075.75 and dropped hard. After that
occurred, an instant message was sent to members saying:
(Sep 23-15:01) mike: 72-73 resist, they topped if tht
zone not cleared
The bounce fizzled at 1072.25 and reversed, and it was
the start a trend down move of 17 points to 1055.25 at
4 pm. So, for our group it was a very good day. The
I.M. feature lets me help in a very timely fashion, and
our members are loving it!
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/22/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 22 / 2009
(Published Since 1996)
...............................................
Dateline: 6:06 pm eastern time, 9/22/2009
The ES gapped to 1066.50 on the open on Tuesday, just under
the 1067.00-1067.50 resistance, and quickly dropped to
1061.50. The reversal back up fizzled at 1066.00, and a drop
to 1061.50 again followed. A third try also failed, but
buyers stepped in at 1064.00 and the market rallied to new
highs for the day. The ES reached 1069.50 shortly after 1
pm, and the token higher high was quickly reversed. A
pullback held at 1065.00, but the bounce from that level had
no gusto and reversed from 1067.50. A range formed as the
pullbacks held the 1065.50 level while the 1068.00 level was
a lid on the upside. A quick poke over that resistance
reversed from 1068.75, then it dropped to 1065.50 again and
then firmed into the close.
On Wednesday we get the FOMC policy decision on interest
rates around 2:15 pm eastern time. After the early going on
Tuesday, the action was not great as the market chopped
around but didn't go far either way. The ES opened and
closed at about the same price on Tuesday, meaning the
market should be near decision point on direction short
term. The Nasdaq futures (NQ) made or matched a higher high
for 13 straight days now. Also, the top side of the Tuesday
trading range was just under a new high on the SP500 cash.
If the market fails to follow through with good buying on
Wednesday, a secondary top should be forming.
The 1065.50-1065.00 area on the ES was the bottom of the
afternoon range on Tuesday. So, as long as that area is
defended, the bulls are in charge, but a decent rally will
likely set up a nice tradable pullback if it stalls out in
new high ground. If there is a trending move going into the
Fed release, odds favor a reversal shortly before the
release. After the Fed release, there normally is some quick
back-and-forth action and then the market will get a
direction and go that way until late in the day. Beware if
the ES is unable to break through the 1068.75-1069.25 zone
and hold, as it could set up a reversal from under the old
high.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1068.75-1069.25
1071.50-1072.25
1078.00-1078.75
1082.00 begins gap fill
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1065.50-1065.00
1061.75-1061.25
1057.50-1057.25
1052.50-1052.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1735.75-1736.75
1739.25-1740.50
1746.50-1747.25
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1731.00-1730.50
1725.75-1725.25
1719.75-1719.00
1712.50-1711.50
December 2009 Dow futures resistance
symbols: emini = ymz9
9780-9784
9812-9816
9872-9878
December 2009 Dow futures support
symbols: emini = ymz9
9756-9751
9714-9710
9685-9682
9643-9639
---------------------------
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
9 / 22 / 2009
(Published Since 1996)
...............................................
Dateline: 6:06 pm eastern time, 9/22/2009
The ES gapped to 1066.50 on the open on Tuesday, just under
the 1067.00-1067.50 resistance, and quickly dropped to
1061.50. The reversal back up fizzled at 1066.00, and a drop
to 1061.50 again followed. A third try also failed, but
buyers stepped in at 1064.00 and the market rallied to new
highs for the day. The ES reached 1069.50 shortly after 1
pm, and the token higher high was quickly reversed. A
pullback held at 1065.00, but the bounce from that level had
no gusto and reversed from 1067.50. A range formed as the
pullbacks held the 1065.50 level while the 1068.00 level was
a lid on the upside. A quick poke over that resistance
reversed from 1068.75, then it dropped to 1065.50 again and
then firmed into the close.
On Wednesday we get the FOMC policy decision on interest
rates around 2:15 pm eastern time. After the early going on
Tuesday, the action was not great as the market chopped
around but didn't go far either way. The ES opened and
closed at about the same price on Tuesday, meaning the
market should be near decision point on direction short
term. The Nasdaq futures (NQ) made or matched a higher high
for 13 straight days now. Also, the top side of the Tuesday
trading range was just under a new high on the SP500 cash.
If the market fails to follow through with good buying on
Wednesday, a secondary top should be forming.
The 1065.50-1065.00 area on the ES was the bottom of the
afternoon range on Tuesday. So, as long as that area is
defended, the bulls are in charge, but a decent rally will
likely set up a nice tradable pullback if it stalls out in
new high ground. If there is a trending move going into the
Fed release, odds favor a reversal shortly before the
release. After the Fed release, there normally is some quick
back-and-forth action and then the market will get a
direction and go that way until late in the day. Beware if
the ES is unable to break through the 1068.75-1069.25 zone
and hold, as it could set up a reversal from under the old
high.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1068.75-1069.25
1071.50-1072.25
1078.00-1078.75
1082.00 begins gap fill
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1065.50-1065.00
1061.75-1061.25
1057.50-1057.25
1052.50-1052.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1735.75-1736.75
1739.25-1740.50
1746.50-1747.25
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1731.00-1730.50
1725.75-1725.25
1719.75-1719.00
1712.50-1711.50
December 2009 Dow futures resistance
symbols: emini = ymz9
9780-9784
9812-9816
9872-9878
December 2009 Dow futures support
symbols: emini = ymz9
9756-9751
9714-9710
9685-9682
9643-9639
---------------------------
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: 09/22/09
HOW OUR DAY WENT:
We came into Tuesday looking for an
early rally towards the 1067.00-1067.50 resistance /
target for a short. The ES gapped to 1066.50 on the open,
just under the 1067.00-1067.50 resistance, and quickly
dropped 5 ES points to 1061.50. A bounce from there fizzled
at 1066 and dropped 4.50 points to 1061.50 updated support
before turning back up. After reaching 1069.50 the ES
dropped 5.50 points to the 60ema on 5 minute chart and
bounced. Members were given 1065.50 for new support and
the ES went to 1065.50 at 3:15 and bounced 3.25 points
to the 1068.75 before a choppy drop into the close.
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
We came into Tuesday looking for an
early rally towards the 1067.00-1067.50 resistance /
target for a short. The ES gapped to 1066.50 on the open,
just under the 1067.00-1067.50 resistance, and quickly
dropped 5 ES points to 1061.50. A bounce from there fizzled
at 1066 and dropped 4.50 points to 1061.50 updated support
before turning back up. After reaching 1069.50 the ES
dropped 5.50 points to the 60ema on 5 minute chart and
bounced. Members were given 1065.50 for new support and
the ES went to 1065.50 at 3:15 and bounced 3.25 points
to the 1068.75 before a choppy drop into the close.
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Monday, September 21, 2009
TradeStalker's RBI Update 09/21/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 21 / 2009
(Published Since 1996)
...............................................
Dateline: 6:11 pm eastern time, 9/21/2009
The market gapped down on Monday and the weakness was
reversed from the 1053.50-1052.50 support zone. A quick
bounce from 1053.00 fizzled at 1058.00 and the ES went down
to 1052.00 and again turned back up. After forming a
triangle pattern, the 1058 resistance was exceeded and held
and the ES rallied to 1061.50 before noon. The rest of the
day was a choppy range trade, but the ES was reversed on the
dips to the 1058-1057 zone and held up into the close.
The ES settled down .50 from Friday's settlement, yet there
was plenty of travel range with strength being sold and
weakness being bought. The ES had these 8 swing of 4 or more
points on Monday:
09/21/09 1053.00
09/21/09 1058.00 +5.00
09/21/09 1052.00 -6.00
09/21/09 1057.25 +5.25
09/21/09 1053.25 -4.00
09/21/09 1061.50 +8.25
09/21/09 1057.25 -4.25
09/21/09 1062.75 +5.50
09/21/09 1057.50 -5.25
That is setting the stage for a decent move soon. As long as
the 1057.50-1057.25 area on the ES holds, the bulls will be
in charge and we could rally towards the 1067.00-1067.50
zone if the pattern plays out. If that occurs early on
Tuesday, beware of a reversal if a rally reaches that zone
and stalls out. That should be a strong resistance area if
the market has enough strength to get back up there. A move
up towards that area that is reversed would set up a lower
high on the daily chart, and it could be the start of a good
sized move to the downside.
So, on Tuesday we should expect to see two-sided action. If
the market holds the initial support areas, then there is a
chance for a rally to get started in the early going,
however it should fail. If the initial support areas are
broken, and the market doesn't quickly reverse back to the
upside and hold those areas, then the pressure should be on
and a test of the 1052.50-1052.00 may be in the cards and
possibly lower before the market can firm up.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1062.25-1062.75
1064.50-1065.00
1067.00-1067.50 **key
1071.50-1072.25
1078.00-1078.75
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1057.50-1057.25
1052.50-1052.00 **key
1050.50-1049.75
1047.50-1046.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1733.00-1734.00
1736.50-1737.00
1743.50-1744.25
1749.75-1750.50
1756.50-1757.25
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1725.75-1725.25
1719.75-1719.00
1712.50-1711.50
1704.00-1703.00
December 2009 Dow futures resistance
symbols: emini = ymz9
9741-9744
9764-9767
9784-9788
9812-9816
9878-9883
December 2009 Dow futures support
symbols: emini = ymz9
9695-9692
9665-9661
9643-9639
9602-9599
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
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
9 / 21 / 2009
(Published Since 1996)
...............................................
Dateline: 6:11 pm eastern time, 9/21/2009
The market gapped down on Monday and the weakness was
reversed from the 1053.50-1052.50 support zone. A quick
bounce from 1053.00 fizzled at 1058.00 and the ES went down
to 1052.00 and again turned back up. After forming a
triangle pattern, the 1058 resistance was exceeded and held
and the ES rallied to 1061.50 before noon. The rest of the
day was a choppy range trade, but the ES was reversed on the
dips to the 1058-1057 zone and held up into the close.
The ES settled down .50 from Friday's settlement, yet there
was plenty of travel range with strength being sold and
weakness being bought. The ES had these 8 swing of 4 or more
points on Monday:
09/21/09 1053.00
09/21/09 1058.00 +5.00
09/21/09 1052.00 -6.00
09/21/09 1057.25 +5.25
09/21/09 1053.25 -4.00
09/21/09 1061.50 +8.25
09/21/09 1057.25 -4.25
09/21/09 1062.75 +5.50
09/21/09 1057.50 -5.25
That is setting the stage for a decent move soon. As long as
the 1057.50-1057.25 area on the ES holds, the bulls will be
in charge and we could rally towards the 1067.00-1067.50
zone if the pattern plays out. If that occurs early on
Tuesday, beware of a reversal if a rally reaches that zone
and stalls out. That should be a strong resistance area if
the market has enough strength to get back up there. A move
up towards that area that is reversed would set up a lower
high on the daily chart, and it could be the start of a good
sized move to the downside.
So, on Tuesday we should expect to see two-sided action. If
the market holds the initial support areas, then there is a
chance for a rally to get started in the early going,
however it should fail. If the initial support areas are
broken, and the market doesn't quickly reverse back to the
upside and hold those areas, then the pressure should be on
and a test of the 1052.50-1052.00 may be in the cards and
possibly lower before the market can firm up.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1062.25-1062.75
1064.50-1065.00
1067.00-1067.50 **key
1071.50-1072.25
1078.00-1078.75
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1057.50-1057.25
1052.50-1052.00 **key
1050.50-1049.75
1047.50-1046.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1733.00-1734.00
1736.50-1737.00
1743.50-1744.25
1749.75-1750.50
1756.50-1757.25
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1725.75-1725.25
1719.75-1719.00
1712.50-1711.50
1704.00-1703.00
December 2009 Dow futures resistance
symbols: emini = ymz9
9741-9744
9764-9767
9784-9788
9812-9816
9878-9883
December 2009 Dow futures support
symbols: emini = ymz9
9695-9692
9665-9661
9643-9639
9602-9599
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
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: 09/21/09
HOW OUR DAY WENT:
The ES dropped to our 1053.50-1052.50
support on the open, and then it reversed and bounced
from 1053.00 to 1058.00 in about 10 minutes. Then after
the ES pushed through 1058.00, a dip held at 1058.25
and turned setting up a trade on the long side as the
ES went to 1061.50 before turning down. After a drop
an intraday update advised members:
"IF there is a bounce that stalls out around the 1060-
1061 area and it fails again, it sets up a short."
A quick reversal occurred from 1060.75, then a pullback
to 1058.00 followed. The bounce to a new high for the
day was reversed, then the 1058-1057 zone held giving
another bounce to 1061 before closing.
Good Trading,
Mike Reed
TradeStalker.com
The ES dropped to our 1053.50-1052.50
support on the open, and then it reversed and bounced
from 1053.00 to 1058.00 in about 10 minutes. Then after
the ES pushed through 1058.00, a dip held at 1058.25
and turned setting up a trade on the long side as the
ES went to 1061.50 before turning down. After a drop
an intraday update advised members:
"IF there is a bounce that stalls out around the 1060-
1061 area and it fails again, it sets up a short."
A quick reversal occurred from 1060.75, then a pullback
to 1058.00 followed. The bounce to a new high for the
day was reversed, then the 1058-1057 zone held giving
another bounce to 1061 before closing.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/20/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 20 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 9/20/2009
The market gapped up on Friday and that strength was sold as
the ES fell from 1067.25 down to 1060.25 in the first 40
minutes of trading and then turned back up. That pop fizzled
at 1064.75, then the market pulled back into early
afternoon. The ES reversed from a 1059.25 low, and then
pushed over the 1062.00 level and held. The move up
continued into the last 30 minutes of stock trading, but the
ES reversed from a double top at 1067.25 then broke the 1064
level. That brought in more selling as the ES went straight
down to 1060.25 just before the close.
The market is not able to hold its gains, and should now be
in a trading range at best. The averages made inside days on
Friday, and traded in very small ranges. The way the day
ended, the market looks vulnerable as there are double tops
on the NQ and lower highs on the Dow and SP500. In order to
get out of potential trouble, the Friday afternoon highs
need to be exceeded, and not quickly reverse again. If the
SP500 closes under 1061.20 on Monday, then it is the first
sign of a change on a bigger picture basis.
On Monday we get the Leading Indicators 30 minutes into the
trading day. If the market opens lower, beware of a reversal
in the early going and then the first decent bounce should
set up a shorting opportunity. Lately, with the market
acting well, early weakness is being bought and a good rally
gets started and it would stick. So, if we get that action
early on Monday, and the market either A: doesn't reverse or
B: bounces back but fails to exceed and hold the Monday high
areas, then things are changing and a correction could begin
that lasts for at least a few days. If the market does top
out in here, and drops into September 29-30, then that could
set up another decent low.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1064.50-1065.00
1067.00-1067.50 **key
1071.50-1072.25
1078.00-1078.75
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1060.00-1059.26
1056.50-1056.00
1053.50-1052.50
1050.50-1049.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1724.50-1725.00
1729.50-1730.50 **key
1736.50-1737.25
1743.50-1744.25
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1719.75-1719.00
1712.50-1711.50
1704.00-1703.00
December 2009 Dow futures resistance
symbols: emini = ymz9
9764-9767
9784-9788 **key
9812-9816
9878-9883
December 2009 Dow futures support
symbols: emini = ymz9
9732-9728
9704-9701
9672-9669
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
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
9 / 20 / 2009
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 9/20/2009
The market gapped up on Friday and that strength was sold as
the ES fell from 1067.25 down to 1060.25 in the first 40
minutes of trading and then turned back up. That pop fizzled
at 1064.75, then the market pulled back into early
afternoon. The ES reversed from a 1059.25 low, and then
pushed over the 1062.00 level and held. The move up
continued into the last 30 minutes of stock trading, but the
ES reversed from a double top at 1067.25 then broke the 1064
level. That brought in more selling as the ES went straight
down to 1060.25 just before the close.
The market is not able to hold its gains, and should now be
in a trading range at best. The averages made inside days on
Friday, and traded in very small ranges. The way the day
ended, the market looks vulnerable as there are double tops
on the NQ and lower highs on the Dow and SP500. In order to
get out of potential trouble, the Friday afternoon highs
need to be exceeded, and not quickly reverse again. If the
SP500 closes under 1061.20 on Monday, then it is the first
sign of a change on a bigger picture basis.
On Monday we get the Leading Indicators 30 minutes into the
trading day. If the market opens lower, beware of a reversal
in the early going and then the first decent bounce should
set up a shorting opportunity. Lately, with the market
acting well, early weakness is being bought and a good rally
gets started and it would stick. So, if we get that action
early on Monday, and the market either A: doesn't reverse or
B: bounces back but fails to exceed and hold the Monday high
areas, then things are changing and a correction could begin
that lasts for at least a few days. If the market does top
out in here, and drops into September 29-30, then that could
set up another decent low.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1064.50-1065.00
1067.00-1067.50 **key
1071.50-1072.25
1078.00-1078.75
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1060.00-1059.26
1056.50-1056.00
1053.50-1052.50
1050.50-1049.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1724.50-1725.00
1729.50-1730.50 **key
1736.50-1737.25
1743.50-1744.25
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1719.75-1719.00
1712.50-1711.50
1704.00-1703.00
December 2009 Dow futures resistance
symbols: emini = ymz9
9764-9767
9784-9788 **key
9812-9816
9878-9883
December 2009 Dow futures support
symbols: emini = ymz9
9732-9728
9704-9701
9672-9669
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
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: 09/18/09
HOW OUR DAY WENT:
The week ended with 2-sided action
and we caught profitable trades on the long and short
side on Friday. The Instant Message room allows me to
send quick notes that fine tune trades, give additional
entry and exit points, and also give a heads-up if a
trade is setting up... more for YOU at no extra cost!
Good Trading,
Mike Reed
TradeStalker.com
The week ended with 2-sided action
and we caught profitable trades on the long and short
side on Friday. The Instant Message room allows me to
send quick notes that fine tune trades, give additional
entry and exit points, and also give a heads-up if a
trade is setting up... more for YOU at no extra cost!
Good Trading,
Mike Reed
TradeStalker.com
Friday, September 18, 2009
TradeStalker's RBI Update 09/17/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 17 / 2009
(Published Since 1996)
...............................................
Dateline: 6:11 pm eastern time, 9/17/2009
The market opened slightly lower and then rallied into the
10 am Philly Fed release. A quick spike up to 1071.50 on the
ES was quickly rejected, and the ES fell to the 1062.00
level. A bounce stalled and reversed from 1069.00 on the ES
and then a steady grind lower began. The ES reached 1056.25
before a reversal occurred, and the ES moved up to 1061.75.
That was just under the updated 1062.50-1063.50 zone and the
market pulled back. Buyers stepped back to the plate and the
ES was able to bounce to 1064.50 with about 30 minutes left
in stock trading. The move fizzled out and then the ES fell
to the 1060.00-1059.50 support area 5 minutes before stocks
closed. The ES reached 1059.50 and popped up 3.75 points to
1063.25 before settlement time.
On Friday we get no economic data at all, so it should be a
quiet session although "quadruple witching" may give us some
volatility. The market went both ways on Thursday, as the
NYSE breadth was negative for the first time in the last 10
trading days. The futures settled over fair value, as fear
of missing more upside is greater than fear of more on the
downside. It looks like the market could be going into a
range, or maybe even topping out if there is another run up
towards the 1070 level on the ES and it's rejected.
The market tested support at the 1060.00-1059.50 area on the
ES and turned up late on Thursday. There is not a strong
bias either way, so look to be a seller when the upside
sprints stop or stall out, as a tradable pullback should
follow. On the other side of the coin, if there is a shallow
drop, and that 1060.00-1059.50 area on the ES is held, the
market should be okay and the bulls will stay in control. If
it is not held, then the market is likely topping out but
could still mount a rally if a double bottom is made around
the 1056.50-1056.00 area. Just beware that the bounces will
likely not be able to hold, especially if the 1070 area on
the ES is tested.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1065.50-1066.00
1071.50-1072.25
1078.00-1078.75
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1060.00-1059.50
1056.50-1056.00
1053.50-1052.50
1050.50-1049.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1723.50-1724.50
1728.75-1730.50
1736.50-1737.25
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1717.00-1716.25
1712.50-1711.50
1704.00-1703.00
December 2009 Dow futures resistance
symbols: emini = ymz9
9759-9762
9797-9801
9848-9853
December 2009 Dow futures support
symbols: emini = ymz9
9709-9704
9692-9689
9662-9658
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
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
9 / 17 / 2009
(Published Since 1996)
...............................................
Dateline: 6:11 pm eastern time, 9/17/2009
The market opened slightly lower and then rallied into the
10 am Philly Fed release. A quick spike up to 1071.50 on the
ES was quickly rejected, and the ES fell to the 1062.00
level. A bounce stalled and reversed from 1069.00 on the ES
and then a steady grind lower began. The ES reached 1056.25
before a reversal occurred, and the ES moved up to 1061.75.
That was just under the updated 1062.50-1063.50 zone and the
market pulled back. Buyers stepped back to the plate and the
ES was able to bounce to 1064.50 with about 30 minutes left
in stock trading. The move fizzled out and then the ES fell
to the 1060.00-1059.50 support area 5 minutes before stocks
closed. The ES reached 1059.50 and popped up 3.75 points to
1063.25 before settlement time.
On Friday we get no economic data at all, so it should be a
quiet session although "quadruple witching" may give us some
volatility. The market went both ways on Thursday, as the
NYSE breadth was negative for the first time in the last 10
trading days. The futures settled over fair value, as fear
of missing more upside is greater than fear of more on the
downside. It looks like the market could be going into a
range, or maybe even topping out if there is another run up
towards the 1070 level on the ES and it's rejected.
The market tested support at the 1060.00-1059.50 area on the
ES and turned up late on Thursday. There is not a strong
bias either way, so look to be a seller when the upside
sprints stop or stall out, as a tradable pullback should
follow. On the other side of the coin, if there is a shallow
drop, and that 1060.00-1059.50 area on the ES is held, the
market should be okay and the bulls will stay in control. If
it is not held, then the market is likely topping out but
could still mount a rally if a double bottom is made around
the 1056.50-1056.00 area. Just beware that the bounces will
likely not be able to hold, especially if the 1070 area on
the ES is tested.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1065.50-1066.00
1071.50-1072.25
1078.00-1078.75
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1060.00-1059.50
1056.50-1056.00
1053.50-1052.50
1050.50-1049.75
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1723.50-1724.50
1728.75-1730.50
1736.50-1737.25
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1717.00-1716.25
1712.50-1711.50
1704.00-1703.00
December 2009 Dow futures resistance
symbols: emini = ymz9
9759-9762
9797-9801
9848-9853
December 2009 Dow futures support
symbols: emini = ymz9
9709-9704
9692-9689
9662-9658
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
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: 09/17/09
HOW OUR DAY WENT:
We were looking for early strength
that stalled/reversed in the first 40 minutes to set
up a shorting opportunity. The ES spiked up to 1071.50
and was quickly rejected 30 minutes into the day. A
drop went right to updated support at 1062.00 and then
bounced to 1069.00 and fizzled, the "gift" second shot
at a shorting opportunity. The end of day action was
on the button as the ES went to 1060.00-1059.50 support
and then bounced 3.75 points into its settlement.
Good Trading,
Mike Reed
TradeStalker.com
We were looking for early strength
that stalled/reversed in the first 40 minutes to set
up a shorting opportunity. The ES spiked up to 1071.50
and was quickly rejected 30 minutes into the day. A
drop went right to updated support at 1062.00 and then
bounced to 1069.00 and fizzled, the "gift" second shot
at a shorting opportunity. The end of day action was
on the button as the ES went to 1060.00-1059.50 support
and then bounced 3.75 points into its settlement.
Good Trading,
Mike Reed
TradeStalker.com
Wednesday, September 16, 2009
TradeStalker's RBI Update 09/16/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 16 / 2009
(Published Since 1996)
...............................................
Dateline: 6:29 pm eastern time, 9/16/2009
The ES opened higher on Wednesday, but the move reversed
from just over the Tuesday high and from 1053.25 the ES
dropped 5.50 points to a 1047.75 low. That was at the 60ema
on the 5 minute chart and the ES reversed and bounced to
1053.25 again. After a pullback to 1050.00 was reversed, the
ES broke and held that 1053.50 updated support and ran up to
1060.50. Another small pullback held at 1058.50, and then
the market headed higher again. After reaching 1063.50 on
the ES, there was a small pullback and then the next pop was
rejected at 1063.75. The ES dropped 4 points to 1059.75, and
quickly turned back up at 3 pm. The move took the ES to a
new high at 1064.00 at the close.
Over the last 9 days the SP500 rallied 64 points on a
closing basis. At that pace the SP500 would reach 1100 in
the next 4 days. Given the amount of energy it took to get
this far, it would be very surprising if that occurs. The
market is due for a pullback soon, and if it pulls back too
far it could break an almost parabolic wedge pattern on the
daily chart. In addition to that, the breadth on the NYSE
has been positive for 9 straight days, which is something
that is rare. Most of the internal oscillators have also
made huge moves. For example, the McClellan Oscillator went
from extreme oversold at -230 on September 2nd to a +211 at
the Wednesday close.
There has been great momentum behind this move, so there
might be more to go on the upside before a pullback begins.
The market has been making early lows, then turning back up
and making highs late in the day. If the market does the
opposite on Thursday, and an early rally is reversed in the
first 40 minutes of trading, then things could be changing.
However, as long as the 1058.50-1058.00 area on the ES is
defended on a pullback, then the bulls are still in control.
The way the market is acting, the ES shouldn't even get down
there if the market is still strong. Beware though that if
early strength reverses, and then that 1058.50-1058.00 zone
is broken, then the trends will roll over and shorting the
bounces would then be the better odds trade. The NQ might be
a better short as it weakened late in the day while the ES
held up.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1063.75-1064.25
1067.75-1068.25
1072.50-1074.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1060.00
1058.50-1058.00
1053.50-1052.50
1048.75-1047.75
1044.50-1044.25
1041.50-1041.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1718.50-1719.25
1722.50-1723.50
1727.75-1728.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1716.00
1713.25-1712.50
1704.00-1703.00
1697.75-1696.50
1692.00-1691.00
1689.75-1689.00
December 2009 Dow futures resistance
symbols: emini = ymz9
9737-9741
9771-9773
9818-9821
December 2009 Dow futures support
symbols: emini = ymz9
9704
9692-9689
9652-9648
9622-9618
9592-9588
9548-9544
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
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
9 / 16 / 2009
(Published Since 1996)
...............................................
Dateline: 6:29 pm eastern time, 9/16/2009
The ES opened higher on Wednesday, but the move reversed
from just over the Tuesday high and from 1053.25 the ES
dropped 5.50 points to a 1047.75 low. That was at the 60ema
on the 5 minute chart and the ES reversed and bounced to
1053.25 again. After a pullback to 1050.00 was reversed, the
ES broke and held that 1053.50 updated support and ran up to
1060.50. Another small pullback held at 1058.50, and then
the market headed higher again. After reaching 1063.50 on
the ES, there was a small pullback and then the next pop was
rejected at 1063.75. The ES dropped 4 points to 1059.75, and
quickly turned back up at 3 pm. The move took the ES to a
new high at 1064.00 at the close.
Over the last 9 days the SP500 rallied 64 points on a
closing basis. At that pace the SP500 would reach 1100 in
the next 4 days. Given the amount of energy it took to get
this far, it would be very surprising if that occurs. The
market is due for a pullback soon, and if it pulls back too
far it could break an almost parabolic wedge pattern on the
daily chart. In addition to that, the breadth on the NYSE
has been positive for 9 straight days, which is something
that is rare. Most of the internal oscillators have also
made huge moves. For example, the McClellan Oscillator went
from extreme oversold at -230 on September 2nd to a +211 at
the Wednesday close.
There has been great momentum behind this move, so there
might be more to go on the upside before a pullback begins.
The market has been making early lows, then turning back up
and making highs late in the day. If the market does the
opposite on Thursday, and an early rally is reversed in the
first 40 minutes of trading, then things could be changing.
However, as long as the 1058.50-1058.00 area on the ES is
defended on a pullback, then the bulls are still in control.
The way the market is acting, the ES shouldn't even get down
there if the market is still strong. Beware though that if
early strength reverses, and then that 1058.50-1058.00 zone
is broken, then the trends will roll over and shorting the
bounces would then be the better odds trade. The NQ might be
a better short as it weakened late in the day while the ES
held up.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1063.75-1064.25
1067.75-1068.25
1072.50-1074.00
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1060.00
1058.50-1058.00
1053.50-1052.50
1048.75-1047.75
1044.50-1044.25
1041.50-1041.00
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1718.50-1719.25
1722.50-1723.50
1727.75-1728.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1716.00
1713.25-1712.50
1704.00-1703.00
1697.75-1696.50
1692.00-1691.00
1689.75-1689.00
December 2009 Dow futures resistance
symbols: emini = ymz9
9737-9741
9771-9773
9818-9821
December 2009 Dow futures support
symbols: emini = ymz9
9704
9692-9689
9652-9648
9622-9618
9592-9588
9548-9544
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
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: 09/16/09
HOW OUR DAY WENT:
We came into Wednesday expecting some
pullback, and the higher open was reversed and a drop of
5.50 points followed. Then after turning up, we adapted
and felt the market was ok as long as 1053.50 was held.
It was, and a few more opportunities also were set up
per updated support and resistance.
Good Trading,
Mike Reed
TradeStalker.com
We came into Wednesday expecting some
pullback, and the higher open was reversed and a drop of
5.50 points followed. Then after turning up, we adapted
and felt the market was ok as long as 1053.50 was held.
It was, and a few more opportunities also were set up
per updated support and resistance.
Good Trading,
Mike Reed
TradeStalker.com
TradeStalker's RBI Update 09/15/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 15 / 2009
(Published Since 1996)
...............................................
Dateline: 6:36 pm eastern time, 9/15/2009
We came into Tuesday looking to short early strength when
the upside fizzled, and the ES reached 1047.50 just 16
minutes into the day and then dropped to the 1038.50-1038.00
zone before the first hour was over. From the 1038.25 low,
the ES rallied to the 1049.50-1050.25 zone. A 1-2-3 top was
made off the 1050.00-1049.50 levels, and the ES dropped to
1046.25 before turning back up. That was just over the
1045.50 updated support, and then one last sprint higher
followed. The move stopped right at the 1052.00-1052.50
updated resistance, then reversed and sold off into the
close.
The market traded by the support and resistance zones again
on Tuesday. The late selloff from the 1052 level on the ES
leaves the market looking vulnerable for further weakness.
The ES made an island type of top on the daily chart. The
SP500 cash and futures are in a big rising wedge pattern, so
if sentiment shifts we could see a decent sized selloff.
On Wednesday we should get two-sided action, but nothing
good happens unless the ES can get over 1050 and hold.
Another rejection of that area would mean trouble ahead. On
the downside, the key area is still at the 1038.50-1038.00
zone on the ES, and it must hold to avoid a topping pattern.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1049.50
1051.50-1052.25 **strong
1058.00-1058.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1044.50-1044.25
1041.50-1041.00
1038.50-1038.00 **pivotal
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1699.50
1701.75-1702.50 **strong
1709.75-1710.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1692.00-1691.00
1689.75-1689.00
1685.75-1684.50 **pivotal
December 2009 Dow futures resistance
symbols: emini = ymz9
9644
9652-9656 **strong
9711-9715
December 2009 Dow futures support
symbols: emini = ymz9
9592-9588
9548-9544
9523-9520 **pivotal
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
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
9 / 15 / 2009
(Published Since 1996)
...............................................
Dateline: 6:36 pm eastern time, 9/15/2009
We came into Tuesday looking to short early strength when
the upside fizzled, and the ES reached 1047.50 just 16
minutes into the day and then dropped to the 1038.50-1038.00
zone before the first hour was over. From the 1038.25 low,
the ES rallied to the 1049.50-1050.25 zone. A 1-2-3 top was
made off the 1050.00-1049.50 levels, and the ES dropped to
1046.25 before turning back up. That was just over the
1045.50 updated support, and then one last sprint higher
followed. The move stopped right at the 1052.00-1052.50
updated resistance, then reversed and sold off into the
close.
The market traded by the support and resistance zones again
on Tuesday. The late selloff from the 1052 level on the ES
leaves the market looking vulnerable for further weakness.
The ES made an island type of top on the daily chart. The
SP500 cash and futures are in a big rising wedge pattern, so
if sentiment shifts we could see a decent sized selloff.
On Wednesday we should get two-sided action, but nothing
good happens unless the ES can get over 1050 and hold.
Another rejection of that area would mean trouble ahead. On
the downside, the key area is still at the 1038.50-1038.00
zone on the ES, and it must hold to avoid a topping pattern.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1049.50
1051.50-1052.25 **strong
1058.00-1058.50
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1044.50-1044.25
1041.50-1041.00
1038.50-1038.00 **pivotal
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1699.50
1701.75-1702.50 **strong
1709.75-1710.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1692.00-1691.00
1689.75-1689.00
1685.75-1684.50 **pivotal
December 2009 Dow futures resistance
symbols: emini = ymz9
9644
9652-9656 **strong
9711-9715
December 2009 Dow futures support
symbols: emini = ymz9
9592-9588
9548-9544
9523-9520 **pivotal
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
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: 09/15/09
HOW OUR DAY WENT:
We came into Tuesday looking to short
early strength when the upside fizzled, and the ES reached
1047.50 just 16 minutes into the day and then dropped to
the 1038.50-1038.00 zone before the first hour was over.
From the 1038.25 low, the ES rallied to the 1049.50-1050.25
zone. A 1-2-3 top was made off the 1050.00-1049.50 levels,
and the ES dropped to 1046.25 before turning back up. That
was just over the 1045.50 updated support, and then one
last sprint higher followed. The move stopped right at
the 1052.00-1052.50 updated resistance, then reversed and
sold off into the close. No fancy indicators, but knowledge
from a 27 year veteran of the market used to give the key
reaction areas consistently.
Good Trading,
Mike Reed
TradeStalker.com
We came into Tuesday looking to short
early strength when the upside fizzled, and the ES reached
1047.50 just 16 minutes into the day and then dropped to
the 1038.50-1038.00 zone before the first hour was over.
From the 1038.25 low, the ES rallied to the 1049.50-1050.25
zone. A 1-2-3 top was made off the 1050.00-1049.50 levels,
and the ES dropped to 1046.25 before turning back up. That
was just over the 1045.50 updated support, and then one
last sprint higher followed. The move stopped right at
the 1052.00-1052.50 updated resistance, then reversed and
sold off into the close. No fancy indicators, but knowledge
from a 27 year veteran of the market used to give the key
reaction areas consistently.
Good Trading,
Mike Reed
TradeStalker.com
Tuesday, September 15, 2009
TradeStalker's RBI Update 09/14/09
.................................................
TradeStalker's
R.B.I. Trader's Update
9 / 14 / 2009
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 9/14/2009
The market gapped down on the open on Monday, and the move
was quickly reversed from 1029.50 on the ES (key support was
at the 1030.50-1030.00 area) and then rallied to 1040.00.
That was rejected, but the ES held at 1036.25 and then found
resistance at the 1038.50 level. That was a lid for about 35
minutes. Another dip held, then the 1038.50 level was broken
and held on a pullback. Then around 2 pm the market shot
higher, as the ES rallied to the next resistance area at the
1043.50-1044.00 zone. That was a lid for about an hour, but
the 1041 level held and the trend up move lasted until the
last 5 minutes of stock trading.
The market had a trend up day on Monday, with a low in the
first 5 minutes and a high in the last 5 minutes of stock
trading. The ES and NQ both made new highs for the year,
while the Dow did not. The market continues to be very
resilient, and we got the "sell early, buy the first decent
pullback" both together on the open on Monday. However moves
into new high ground have been sold initially lately, so if
the market tests the Monday highs that move will likely be
sold.
On Tuesday we get the PPI and Retail Sales before the open.
If the market opens higher, the move will set up a shorting
opportunity as soon as the upside stalls/reverses,
especially if the Monday high areas are rejected early. If
that plays out, then the market should set up a buying
opportunity IF the ES can hold the 1041.50-1041.00 zone. If
that area is broken, then a deeper drop is underway. If the
1038.50-1038.00 area is broken, and held on a bounce, then
the trends are rolling over and a drop towards the 1030.50-
1029.50 could be in the cards. The market would need to
reverse quickly from that zone, otherwise there is damage
done to the big picture uptrend.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1044.75-1045.50 **strong early
1049.50-1050.25
1054.50-1055.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1041.50-1041.00
1038.50-1038.00 **pivotal
1036.25
1030.50-1029.50 **Major
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1690.75-1692.00 **strong early
1696.50-1697.50
1701.75-1702.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1685.75-1685.00
1681.50-1680.75 **pivotal
1678.25
1672.00-1670.50 **Major
December 2009 Dow futures resistance
symbols: emini = ymz9
9569-9572 **strong early
9604-9611
9649-9653
December 2009 Dow futures support
symbols: emini = ymz9
9548-9544
9531-9528 **pivotal
9512
9468-9465 **Major
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
9 / 14 / 2009
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 9/14/2009
The market gapped down on the open on Monday, and the move
was quickly reversed from 1029.50 on the ES (key support was
at the 1030.50-1030.00 area) and then rallied to 1040.00.
That was rejected, but the ES held at 1036.25 and then found
resistance at the 1038.50 level. That was a lid for about 35
minutes. Another dip held, then the 1038.50 level was broken
and held on a pullback. Then around 2 pm the market shot
higher, as the ES rallied to the next resistance area at the
1043.50-1044.00 zone. That was a lid for about an hour, but
the 1041 level held and the trend up move lasted until the
last 5 minutes of stock trading.
The market had a trend up day on Monday, with a low in the
first 5 minutes and a high in the last 5 minutes of stock
trading. The ES and NQ both made new highs for the year,
while the Dow did not. The market continues to be very
resilient, and we got the "sell early, buy the first decent
pullback" both together on the open on Monday. However moves
into new high ground have been sold initially lately, so if
the market tests the Monday highs that move will likely be
sold.
On Tuesday we get the PPI and Retail Sales before the open.
If the market opens higher, the move will set up a shorting
opportunity as soon as the upside stalls/reverses,
especially if the Monday high areas are rejected early. If
that plays out, then the market should set up a buying
opportunity IF the ES can hold the 1041.50-1041.00 zone. If
that area is broken, then a deeper drop is underway. If the
1038.50-1038.00 area is broken, and held on a bounce, then
the trends are rolling over and a drop towards the 1030.50-
1029.50 could be in the cards. The market would need to
reverse quickly from that zone, otherwise there is damage
done to the big picture uptrend.
December 2009 SP futures resistance
symbols: emini = esz9 / big contract =spz9
1044.75-1045.50 **strong early
1049.50-1050.25
1054.50-1055.25
December 2009 SP futures support
symbols: emini = esz9 / big contract =spz9
1041.50-1041.00
1038.50-1038.00 **pivotal
1036.25
1030.50-1029.50 **Major
December 2009 Nasdaq futures resistance
symbols: emini = nqz9 / big contract = ndz9
1690.75-1692.00 **strong early
1696.50-1697.50
1701.75-1702.50
December 2009 Nasdaq futures support
symbols: emini = nqz9 / big contract = ndz9
1685.75-1685.00
1681.50-1680.75 **pivotal
1678.25
1672.00-1670.50 **Major
December 2009 Dow futures resistance
symbols: emini = ymz9
9569-9572 **strong early
9604-9611
9649-9653
December 2009 Dow futures support
symbols: emini = ymz9
9548-9544
9531-9528 **pivotal
9512
9468-9465 **Major
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 09/14/09
HOW OUR DAY WENT:
The market gapped down on the open on
Monday, and the move was quickly reversed from 1029.50 on
the ES (key support was at the 1030.50-1030.00 area) and
then rallied to 1040.00. As updated, that was rejected
and the ES pulled back. The 1038.50 level was then
broken, and held on a pullback, giving a run-up to the
next resistance at the 1043.50-1044.00 zone. That was a
lid for about an hour, but the 1041 level held per an
instant message room note, and the trend up move lasted
intil the last 5 minutes of trading, again per another
instant message room note.
Good Trading,
Mike Reed
TradeStalker.com
The market gapped down on the open on
Monday, and the move was quickly reversed from 1029.50 on
the ES (key support was at the 1030.50-1030.00 area) and
then rallied to 1040.00. As updated, that was rejected
and the ES pulled back. The 1038.50 level was then
broken, and held on a pullback, giving a run-up to the
next resistance at the 1043.50-1044.00 zone. That was a
lid for about an hour, but the 1041 level held per an
instant message room note, and the trend up move lasted
intil the last 5 minutes of trading, again per another
instant message room note.
Good Trading,
Mike Reed
TradeStalker.com
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