HOW OUR DAY WENT:
The ES gapped up 7 points and after a
quick pullback to 1126 reversed, the breakout of the 3
day range held and that brought in more buying and it ran
up to 1134.75. We found support at 1132.50 and that held
all afternoon. Just after 2:40pm the ES broke over the
1135 high and tacked on almost 4 more points. An instant
message warned of resistance at 1138 on a bounce, and
that was rejected just before the close. The break-out
was a surprise, but we adapted intraday. Now, will this
continue or not? Join now and be ready to go get em
on Monday.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Wednesday, March 10, 2010
Friday, March 05, 2010
TradeStalker's RBI Update 03/04/10
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 4 / 2010
(Published Since 1996)
...............................................
Dateline: 8:26 pm eastern time, 3/4/2010
The early strength was sold about 30 minutes into trading on
Thursday, and from 1123.00 the ES dropped 7.50 points to the
1115.50-1115.25 key support. That first decent pullback held
and reversed off of that 1115.50-1115.25 zone and rallied to
1120.00 resistance. Then the ES went sideways in a 2.25
point range for more than an hour, which set up a couple of
scalp shorts from the 1120.00-1120.50 resistance. The 4th
drop took the ES to 1117.75 and quickly reversed. The bounce
failed 1 tick over the 1120.50 resistance, but the pullback
was just 1.75 points before heading back up in the last 45
minutes of trading.
We get the Employment data before the open on Friday, and it
should lead to a big volatile day. The market is currently
range-bound, and is close to the top of that range at
Thursday's close. It is at 1125 on top and 1115 on bottom,
and after churning in that range for three days, that 1115
bottom side needs to hold or else the downside could gather
some steam.
On Friday, if there is early strength, look for a reversal
to occur in the first 30 minutes of trading. if the market
opens lower, then the initial support needs to hold to avoid
rolling over. If the market gets hit with selling, then a
reversal from the 1115.50-1115.25 would need to occur,
otherwise the week ends on a bad note.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1124.50-1125.00
1127.50-1128.00
1132.00-1133.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1120.50-1120.00
1115.50-1115.25
1112.00-1111.25
1107.50-1106.50 **strong, key
1104.25-1103.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1861.75-1862.25
1867.50-1870.00
1876.50-1878.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1854.75-1854.00
1846.75-1846.00
1841.75-1840.75
1836.50-1834.75 **strong, key
1827.00-1825.25
March 2010 Dow futures resistance
symbols: emini = ymh0
10455-10458
10482-10486
10514-10519
March 2010 Dow futures support
symbols: emini = ymh0
10423-10419
10374-10369
10338-10334
10289-10284
10258-10253
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures ($ES_F). 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
3 / 4 / 2010
(Published Since 1996)
...............................................
Dateline: 8:26 pm eastern time, 3/4/2010
The early strength was sold about 30 minutes into trading on
Thursday, and from 1123.00 the ES dropped 7.50 points to the
1115.50-1115.25 key support. That first decent pullback held
and reversed off of that 1115.50-1115.25 zone and rallied to
1120.00 resistance. Then the ES went sideways in a 2.25
point range for more than an hour, which set up a couple of
scalp shorts from the 1120.00-1120.50 resistance. The 4th
drop took the ES to 1117.75 and quickly reversed. The bounce
failed 1 tick over the 1120.50 resistance, but the pullback
was just 1.75 points before heading back up in the last 45
minutes of trading.
We get the Employment data before the open on Friday, and it
should lead to a big volatile day. The market is currently
range-bound, and is close to the top of that range at
Thursday's close. It is at 1125 on top and 1115 on bottom,
and after churning in that range for three days, that 1115
bottom side needs to hold or else the downside could gather
some steam.
On Friday, if there is early strength, look for a reversal
to occur in the first 30 minutes of trading. if the market
opens lower, then the initial support needs to hold to avoid
rolling over. If the market gets hit with selling, then a
reversal from the 1115.50-1115.25 would need to occur,
otherwise the week ends on a bad note.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1124.50-1125.00
1127.50-1128.00
1132.00-1133.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1120.50-1120.00
1115.50-1115.25
1112.00-1111.25
1107.50-1106.50 **strong, key
1104.25-1103.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1861.75-1862.25
1867.50-1870.00
1876.50-1878.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1854.75-1854.00
1846.75-1846.00
1841.75-1840.75
1836.50-1834.75 **strong, key
1827.00-1825.25
March 2010 Dow futures resistance
symbols: emini = ymh0
10455-10458
10482-10486
10514-10519
March 2010 Dow futures support
symbols: emini = ymh0
10423-10419
10374-10369
10338-10334
10289-10284
10258-10253
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
This publication's primary focus is trading the index
futures ($ES_F). 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: 03/04/10
HOW OUR DAY WENT:
The early strength was sold, and from
1123.00 the ES dropped 7.50 points to the 1115.50-1115.25
key support. That first decent pullback held and reversed
off of that 1115.50-1115.25 zone and rallied to 1120.00
resistance. Then the ES went sideways in a 2,25 point
range for more than an hour, which set up a couple of
scalp shorts from the 1120.00-1120.50 resistance. The 4th
drop took the ES to 1117.75 and quickly reversed. The
bounce failed 1 tick over the 1120.50 resistance, but
the pullback was just 1.75 points before heading back up
in the last 45 minutes of trading.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The early strength was sold, and from
1123.00 the ES dropped 7.50 points to the 1115.50-1115.25
key support. That first decent pullback held and reversed
off of that 1115.50-1115.25 zone and rallied to 1120.00
resistance. Then the ES went sideways in a 2,25 point
range for more than an hour, which set up a couple of
scalp shorts from the 1120.00-1120.50 resistance. The 4th
drop took the ES to 1117.75 and quickly reversed. The
bounce failed 1 tick over the 1120.50 resistance, but
the pullback was just 1.75 points before heading back up
in the last 45 minutes of trading.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Thursday, March 04, 2010
TradeStalker's RBI Update 03/03/10
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 3 / 2010
(Published Since 1996)
...............................................
Dateline: 7:55 pm eastern time, 3/3/2010
The early strength was sold on Wednesday, and then the first
pullback held just over Tuesday's close and turned back up.
After reaching 1125, a 1-2-3 top formed and that was it for
the rally. Then when 1123 broke, the ES went to the 1120.50
updated support and bounced. However, the pressure was still
on under 1123.00, and after twice rejecting 1122.75, the ES
rolled over and fell to 1115.50. We were staying with shorts
down to 1115, but per instant message we locked in profits
on day trades around 1116 and stepped aside.
On Thursday we get Initial Claims before the open and then
Pending Home Sales at 10 am. The market was unable to hold
its gains on Wednesday, and by the look of things they won't
be able to on Thursday either. The 1115.50-1115.25 area will
need to be defended on a pullback for the market to stay in
a trading range. If that area is not quickly reversed, along
with the NQ at its 1846.50-1845.75 support, then the market
will be breaking down. On the upside, the 1120.00-1120.50
area on the ES would need to be exceeded, and then held on a
pullback, to get out of potential trouble on Thursday.
However, if that area is not held, then the market will
continue to offer better opportunities on the short side.
So, for now the bounces should set up good shorting
opportunities as soon as the upside stalls out, or rejects a
resistance zone. On the downside, if the ES sells off to
test the 1115.50-1115.25 area and turns back up, it should
be worth a scalp trade on the long side. Just be careful not
to load up on any position just yet. If the ES slides down
to the 1112.00-1111.25 area and stalls or reverses, that
could give a decent trade on the long side as shorts cover
at a formerly strong resistance area.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1119.75-1120.50
1124.50-1125.00
1127.50-1128.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1115.50-1115.25
1112.00-1111.25
1107.00-1106.50
1104.25-1103.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1853.50-1854.25
1861.75-1862.25
1867.50-1870.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1846.50-1845.75
1842.50-1841.75
1836.50-1835.50
1827.00-1825.25
March 2010 Dow futures resistance
symbols: emini = ymh0
10408-10412
10455-10458
10482-10486
March 2010 Dow futures support
symbols: emini = ymh0
10369-10364
10338-10334
10289-10284
10258-10253
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
3 / 3 / 2010
(Published Since 1996)
...............................................
Dateline: 7:55 pm eastern time, 3/3/2010
The early strength was sold on Wednesday, and then the first
pullback held just over Tuesday's close and turned back up.
After reaching 1125, a 1-2-3 top formed and that was it for
the rally. Then when 1123 broke, the ES went to the 1120.50
updated support and bounced. However, the pressure was still
on under 1123.00, and after twice rejecting 1122.75, the ES
rolled over and fell to 1115.50. We were staying with shorts
down to 1115, but per instant message we locked in profits
on day trades around 1116 and stepped aside.
On Thursday we get Initial Claims before the open and then
Pending Home Sales at 10 am. The market was unable to hold
its gains on Wednesday, and by the look of things they won't
be able to on Thursday either. The 1115.50-1115.25 area will
need to be defended on a pullback for the market to stay in
a trading range. If that area is not quickly reversed, along
with the NQ at its 1846.50-1845.75 support, then the market
will be breaking down. On the upside, the 1120.00-1120.50
area on the ES would need to be exceeded, and then held on a
pullback, to get out of potential trouble on Thursday.
However, if that area is not held, then the market will
continue to offer better opportunities on the short side.
So, for now the bounces should set up good shorting
opportunities as soon as the upside stalls out, or rejects a
resistance zone. On the downside, if the ES sells off to
test the 1115.50-1115.25 area and turns back up, it should
be worth a scalp trade on the long side. Just be careful not
to load up on any position just yet. If the ES slides down
to the 1112.00-1111.25 area and stalls or reverses, that
could give a decent trade on the long side as shorts cover
at a formerly strong resistance area.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1119.75-1120.50
1124.50-1125.00
1127.50-1128.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1115.50-1115.25
1112.00-1111.25
1107.00-1106.50
1104.25-1103.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1853.50-1854.25
1861.75-1862.25
1867.50-1870.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1846.50-1845.75
1842.50-1841.75
1836.50-1835.50
1827.00-1825.25
March 2010 Dow futures resistance
symbols: emini = ymh0
10408-10412
10455-10458
10482-10486
March 2010 Dow futures support
symbols: emini = ymh0
10369-10364
10338-10334
10289-10284
10258-10253
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Wednesday, March 03, 2010
Today's Trading Recap: 03/03/10
HOW OUR DAY WENT:
The early strength was sold, and then
the first pullback held just over Tuesday's close and
turned back up. After reaching 1125, a 123 top formed and
the group was told to short. Then when 1123 broke, the ES
went to the 1120.50 updated support. The pressure was still
on under 1123.00, and after twice rejecting 1122.75, the
ES rolled over and fell to 1115.50. We were staying with
shorts down to 1115, but per instant message we locked
in profits on day trades around 1116 and stepped aside.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The early strength was sold, and then
the first pullback held just over Tuesday's close and
turned back up. After reaching 1125, a 123 top formed and
the group was told to short. Then when 1123 broke, the ES
went to the 1120.50 updated support. The pressure was still
on under 1123.00, and after twice rejecting 1122.75, the
ES rolled over and fell to 1115.50. We were staying with
shorts down to 1115, but per instant message we locked
in profits on day trades around 1116 and stepped aside.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 03/02/10
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 2 / 2010
(Published Since 1996)
...............................................
Dateline: 7:26 pm eastern time, 3/2/2010
The 1121.50-1122.50 area on the ES was rejected shortly
before stocks opened and the early strength was sold as the
ES dropped 4.50 points to 1116.25 before turning up. That
first decent pullback was reversed, and a tepid buy-up to
the 1121.50-1122.50 area followed. At 1:55 pm (with the
market at its highs) I gave a lot of reasons to avoid longs
via Instant Message, and after taking out 1119 that level
turned into resistance as the market gave back its gains.
The ES reached 1105.25 to fill the gap on the daily chart
then bounced a bit into the close.
The futures topped out at a good resistance area on Tuesday,
and now the market is getting short term overbought again.
The McClellan oscillator reached +199, and my 3 day Thrust
oscillator reached +.62. in addition to that, the Vix gave 2
sell signals at Tuesday's close. This should tilt the odds
in favor of selling strength on Wednesday. We will get the
Fed's Beige Book release at 2 pm on Wednesday and then the
volatility should begin.
If the market opens higher look for that to set up a trade
on the short side. A weak market would be sold from the
1118.50-1119.25 area on the ES. If that plays out, then a
drop that reverses from the 1112.00-1111.25 area on the ES
could set up a trade on the long side. If that occurs, don't
overstay that side as the upside appears to be very limited.
A decent bounce that fizzles out near the Tuesday highs
should be sold if the indicators are not a day early. If the
Tuesday highs are tested and rejected, then a good sized
drop could come from that. If the Tuesday highs are easily
exceeded, then a run up to the 1126.50-1128.00 area could
occur before any attempt to reverse directions occurs.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1118.50-1119.25
1122.00-1122.75
1126.50-1128.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1115.25
1112.00-1111.25
1107.50-1106.50 **strong, key
1104.25-1103.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1853.50-1854.25
1861.75-1862.25
1867.50-1870.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1846.50
1842.50-1841.75
1836.50-1834.75 **strong, key
1827.00-1825.25
March 2010 Dow futures resistance
symbols: emini = ymh0
10408-10412
10436-10440
10486-10494
March 2010 Dow futures support
symbols: emini = ymh0
10377
10369-10364
10322-10319 **strong, key
10301-10297
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
3 / 2 / 2010
(Published Since 1996)
...............................................
Dateline: 7:26 pm eastern time, 3/2/2010
The 1121.50-1122.50 area on the ES was rejected shortly
before stocks opened and the early strength was sold as the
ES dropped 4.50 points to 1116.25 before turning up. That
first decent pullback was reversed, and a tepid buy-up to
the 1121.50-1122.50 area followed. At 1:55 pm (with the
market at its highs) I gave a lot of reasons to avoid longs
via Instant Message, and after taking out 1119 that level
turned into resistance as the market gave back its gains.
The ES reached 1105.25 to fill the gap on the daily chart
then bounced a bit into the close.
The futures topped out at a good resistance area on Tuesday,
and now the market is getting short term overbought again.
The McClellan oscillator reached +199, and my 3 day Thrust
oscillator reached +.62. in addition to that, the Vix gave 2
sell signals at Tuesday's close. This should tilt the odds
in favor of selling strength on Wednesday. We will get the
Fed's Beige Book release at 2 pm on Wednesday and then the
volatility should begin.
If the market opens higher look for that to set up a trade
on the short side. A weak market would be sold from the
1118.50-1119.25 area on the ES. If that plays out, then a
drop that reverses from the 1112.00-1111.25 area on the ES
could set up a trade on the long side. If that occurs, don't
overstay that side as the upside appears to be very limited.
A decent bounce that fizzles out near the Tuesday highs
should be sold if the indicators are not a day early. If the
Tuesday highs are tested and rejected, then a good sized
drop could come from that. If the Tuesday highs are easily
exceeded, then a run up to the 1126.50-1128.00 area could
occur before any attempt to reverse directions occurs.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1118.50-1119.25
1122.00-1122.75
1126.50-1128.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1115.25
1112.00-1111.25
1107.50-1106.50 **strong, key
1104.25-1103.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1853.50-1854.25
1861.75-1862.25
1867.50-1870.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1846.50
1842.50-1841.75
1836.50-1834.75 **strong, key
1827.00-1825.25
March 2010 Dow futures resistance
symbols: emini = ymh0
10408-10412
10436-10440
10486-10494
March 2010 Dow futures support
symbols: emini = ymh0
10377
10369-10364
10322-10319 **strong, key
10301-10297
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 03/02/10
HOW OUR DAY WENT:
The 1121.50-1122.50 area on the ES was
rejected shortly before stocks opened and the early strength
was sold as the ES dropped 4.50 points to 1116.25 before
turning up. That first decent pullback was reversed, and a
tepid buy-up to the 1121.50-1122.50 area followed. At 1:55pm
the group was given a lot of reasons to be selling via
Instant Message, and after taking out 1119 that level turned
into resistance as the market gave back its gains. The ES
reached 1105.25 to fill the gap on the daily chart then
bounced a but into the close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The 1121.50-1122.50 area on the ES was
rejected shortly before stocks opened and the early strength
was sold as the ES dropped 4.50 points to 1116.25 before
turning up. That first decent pullback was reversed, and a
tepid buy-up to the 1121.50-1122.50 area followed. At 1:55pm
the group was given a lot of reasons to be selling via
Instant Message, and after taking out 1119 that level turned
into resistance as the market gave back its gains. The ES
reached 1105.25 to fill the gap on the daily chart then
bounced a but into the close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 03/01/10
.................................................
TradeStalker's
R.B.I. Trader's Update
3 / 1 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 3/1/2010
The market opened higher on Monday and popped up to the
1110.50-1111.00 resistance zone, and from 1111.00 the ES
quickly dropped to 1107.25. A rally to the 1114.50-1115.00
resistance stalled out shortly after noon, and then the ES
dropped to new support at the 1111.50-1111.00 area. A bounce
took out the 1115 resistance and quickly reversed setting up
a pullback to 1112.00 with 45 minutes left in stock trading.
That was new support and the market firmed to close right in
the 1114.50-1115.00 resistance zone.
The market ended the day at the resistance area that kept
the market in a narrow range on Monday. If this move
reverses and starts a drop from up here, it could gather
some momentum if the 1112.00-1111.25 area on the ES is not
defended. Also, the NQ was able to hold and bounce from the
1842 area on Monday, and that area needs to also hold. If
those are broken, and not quickly reversed, then the trends
will turn back down. Unless that occurs, the selling is just
profit taking before another bounce.
If the market does reverse on Tuesday, and the Vix closes up
for the day, it could be the beginning of a selloff coming.
The Vix made back to back new 20 day lows and that's the
only real worrisome technical issue at this time. On
Wednesday afternoon we get the Beige Book release and that
could be a market mover.
On Tuesday look for early strength to be sold, and then if
the first decent pullback can hold the initial support areas
then the rally should continue. If the initial support is
broken, then bounces should fail as the market gives back a
good deal of its recent gains.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1115.00-1115.50
1117.75-1118.25
1121.50-1122.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1112.00-1111.25
1107.00-1106.50
1103.25-1102.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1845.75-1846.50
1850.75-1852.00
1856.75-1858.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1842.50-1841.75
1836.50-1834.75
1827.00-1825.25
March 2010 Dow futures resistance
symbols: emini = ymh0
10399-10403
10421-10426
10467-10472
March 2010 Dow futures support
symbols: emini = ymh0
10373-10369
10339-10335
10304-10299
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
3 / 1 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 3/1/2010
The market opened higher on Monday and popped up to the
1110.50-1111.00 resistance zone, and from 1111.00 the ES
quickly dropped to 1107.25. A rally to the 1114.50-1115.00
resistance stalled out shortly after noon, and then the ES
dropped to new support at the 1111.50-1111.00 area. A bounce
took out the 1115 resistance and quickly reversed setting up
a pullback to 1112.00 with 45 minutes left in stock trading.
That was new support and the market firmed to close right in
the 1114.50-1115.00 resistance zone.
The market ended the day at the resistance area that kept
the market in a narrow range on Monday. If this move
reverses and starts a drop from up here, it could gather
some momentum if the 1112.00-1111.25 area on the ES is not
defended. Also, the NQ was able to hold and bounce from the
1842 area on Monday, and that area needs to also hold. If
those are broken, and not quickly reversed, then the trends
will turn back down. Unless that occurs, the selling is just
profit taking before another bounce.
If the market does reverse on Tuesday, and the Vix closes up
for the day, it could be the beginning of a selloff coming.
The Vix made back to back new 20 day lows and that's the
only real worrisome technical issue at this time. On
Wednesday afternoon we get the Beige Book release and that
could be a market mover.
On Tuesday look for early strength to be sold, and then if
the first decent pullback can hold the initial support areas
then the rally should continue. If the initial support is
broken, then bounces should fail as the market gives back a
good deal of its recent gains.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1115.00-1115.50
1117.75-1118.25
1121.50-1122.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1112.00-1111.25
1107.00-1106.50
1103.25-1102.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1845.75-1846.50
1850.75-1852.00
1856.75-1858.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1842.50-1841.75
1836.50-1834.75
1827.00-1825.25
March 2010 Dow futures resistance
symbols: emini = ymh0
10399-10403
10421-10426
10467-10472
March 2010 Dow futures support
symbols: emini = ymh0
10373-10369
10339-10335
10304-10299
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 03/01/10
HOW OUR DAY WENT:
The market opened higher on Monday and
popped up to the 1110.50-1111.00 resistance zone. It was
a short and from 1111.00 the ES quickly dropped to 1107.25.
A rally to the 1114.50-1115.00 resistance stalled out shortly
after noon, and then the ES dropped to new support at the
1111.50-1111.00 area. That was a buy and a bounce took out
the 1115 resistance and quickly reversed. That "prairie dog"
set up a pullback to 1112.00 with 45 minutes left in stock
trading. That was new support and the market firmed to close
right in the 1114.50-1115.00 resistance zone.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The market opened higher on Monday and
popped up to the 1110.50-1111.00 resistance zone. It was
a short and from 1111.00 the ES quickly dropped to 1107.25.
A rally to the 1114.50-1115.00 resistance stalled out shortly
after noon, and then the ES dropped to new support at the
1111.50-1111.00 area. That was a buy and a bounce took out
the 1115 resistance and quickly reversed. That "prairie dog"
set up a pullback to 1112.00 with 45 minutes left in stock
trading. That was new support and the market firmed to close
right in the 1114.50-1115.00 resistance zone.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 02/28/10
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 28 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 2/28/2010
The ES opened at the 1103.50-1104.25 initial resistance area
on Friday and quickly dropped 4.50 points to 1099.00 and
turned back up. A second reversal from 1103.50 then led to a
7.50 point drop from 1103.75 to 1096.25 before reversing
again. That was 12 points of opportunity just from initial
resistance in the first 35 minutes of trading. The market
reversed course and a rally to 1106 followed. However, the
pullback to 1102.00 was just over the 1101.50 updated
support (along with 1814 on the NQ) and the ES popped up 3
points to a lower high at 1105.00. That was a spot to
reverse from long to short and a pullback then held just
over 1102.50 updated support. Then in the last hour we were
looking to short a reversal from the 1107-1108 area. The ES
popped up to 1106.50 and quickly reversed, and then it
dropped to the 1102.25 level (at the 1102.50-1102.00
support/target) at 4 pm and firmed into the close.
The market was hit very hard on Thursday morning but those
deep drops have all been reversed lately. The market is in
good shape as long as that continues. However, if that "buy
the dip, I'll get 'em back" thinking is dented, the downside
could snowball right back down to test that 1085.00-1084.50
zone.
The internal gauges are in neutral territory, however the
market is again becoming very complacent. The Vix dropped to
19.50 on Friday, and should it drop a bit more and then
reverse, that would give some sell signals.
If the market cannot hold the initial support areas on
Monday, or at least quickly reverse back up if broken, then
the trends are turned back down. If those areas are broken
then a trip back to the 1096.75-1096.00 area on the ES would
need to find good buying come back in, otherwise the drops
won't be seen as buying opportunities, and the downside
could gather steam. On the other side of the coin, if the ES
pops up to the 1107.50-1108.50 area and does not reverse,
then we could see the upside pick up steam as shorts scamper
for cover. A rally up to the 1110.50-1111.00 area on the ES
should be met with selling unless the market is going into a
melt-up type of move. That is doubtful at this time.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1106.50
1107.50-1108.50
1110.50-1111.00
1114.50-1115.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1103.00-1102.50
1100.00-1099.50
1096.75-1096.00
1090.75-1090.00
1087.50
1085.00-1084.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1823.25
1826.25-1827.25
1833.25-1834.00
1838.50-1839.25
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1817.75-1817.25
1814.00-1812.75
1808.50-1807.50
1799.00-1798.00
1793.50
1789.50-1788.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10343
10390-10395
10419-10421
10435-10439
March 2010 Dow futures support
symbols: emini = ymh0
10320-10316
10292-10288
10261-10257
10215-10212
10194
10171-10167
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
2 / 28 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 2/28/2010
The ES opened at the 1103.50-1104.25 initial resistance area
on Friday and quickly dropped 4.50 points to 1099.00 and
turned back up. A second reversal from 1103.50 then led to a
7.50 point drop from 1103.75 to 1096.25 before reversing
again. That was 12 points of opportunity just from initial
resistance in the first 35 minutes of trading. The market
reversed course and a rally to 1106 followed. However, the
pullback to 1102.00 was just over the 1101.50 updated
support (along with 1814 on the NQ) and the ES popped up 3
points to a lower high at 1105.00. That was a spot to
reverse from long to short and a pullback then held just
over 1102.50 updated support. Then in the last hour we were
looking to short a reversal from the 1107-1108 area. The ES
popped up to 1106.50 and quickly reversed, and then it
dropped to the 1102.25 level (at the 1102.50-1102.00
support/target) at 4 pm and firmed into the close.
The market was hit very hard on Thursday morning but those
deep drops have all been reversed lately. The market is in
good shape as long as that continues. However, if that "buy
the dip, I'll get 'em back" thinking is dented, the downside
could snowball right back down to test that 1085.00-1084.50
zone.
The internal gauges are in neutral territory, however the
market is again becoming very complacent. The Vix dropped to
19.50 on Friday, and should it drop a bit more and then
reverse, that would give some sell signals.
If the market cannot hold the initial support areas on
Monday, or at least quickly reverse back up if broken, then
the trends are turned back down. If those areas are broken
then a trip back to the 1096.75-1096.00 area on the ES would
need to find good buying come back in, otherwise the drops
won't be seen as buying opportunities, and the downside
could gather steam. On the other side of the coin, if the ES
pops up to the 1107.50-1108.50 area and does not reverse,
then we could see the upside pick up steam as shorts scamper
for cover. A rally up to the 1110.50-1111.00 area on the ES
should be met with selling unless the market is going into a
melt-up type of move. That is doubtful at this time.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1106.50
1107.50-1108.50
1110.50-1111.00
1114.50-1115.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1103.00-1102.50
1100.00-1099.50
1096.75-1096.00
1090.75-1090.00
1087.50
1085.00-1084.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1823.25
1826.25-1827.25
1833.25-1834.00
1838.50-1839.25
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1817.75-1817.25
1814.00-1812.75
1808.50-1807.50
1799.00-1798.00
1793.50
1789.50-1788.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10343
10390-10395
10419-10421
10435-10439
March 2010 Dow futures support
symbols: emini = ymh0
10320-10316
10292-10288
10261-10257
10215-10212
10194
10171-10167
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 02/26/10
HOW OUR DAY WENT:
The ES opened at the 1103.50-1104.25 initial
resistance and quickly dropped 4.50 points to 1099.00 and
turned back up. A second reversal from 1103.50 then lead to
a 7.50 point drop from 1103.75 to 1096.25 before reversing
again. So, there was 12 points of potential opportunity just
from initial resistance in the first 35 minutes of trading.
The rally to 1106 was not played, but the pullback to 1102.00
was just over the 1101.50 updated support (along with 1814 on
the NQ) and the ES popped up 3 points to a lower high at
1105.00. That was a spot to reverse from long to short and
a pullback then held just over 1102.50 support. Then in the
last hour we were looking to short a reversal from the 1107-
1108 area. The ES popped up to 1106.50 and quickly reversed,
and then it dropped to the 1102.25 level, at the 1102.50-
1102.00 support/target, at 4pm.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The ES opened at the 1103.50-1104.25 initial
resistance and quickly dropped 4.50 points to 1099.00 and
turned back up. A second reversal from 1103.50 then lead to
a 7.50 point drop from 1103.75 to 1096.25 before reversing
again. So, there was 12 points of potential opportunity just
from initial resistance in the first 35 minutes of trading.
The rally to 1106 was not played, but the pullback to 1102.00
was just over the 1101.50 updated support (along with 1814 on
the NQ) and the ES popped up 3 points to a lower high at
1105.00. That was a spot to reverse from long to short and
a pullback then held just over 1102.50 support. Then in the
last hour we were looking to short a reversal from the 1107-
1108 area. The ES popped up to 1106.50 and quickly reversed,
and then it dropped to the 1102.25 level, at the 1102.50-
1102.00 support/target, at 4pm.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 02/25/10
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 25 / 2010
(Published Since 1996)
...............................................
Dateline: 6:32 pm eastern time, 2/25/2010
It was quite a day on Thursday. The ES opened down 16 points
and after dropping to 1084.50 in the first 20 minutes the ES
turned back up. Shortly after noon the 3rd intraday update
stated:
"The ES grinded down to 1085.75 and made a little
double bottom there before turning back up. The
lows should be in place as long as the 1088.00-
1087.50 area on the ES is held."
The 1088.00-1087.50 area held and then around 1:45 pm the
market shot higher with the ES rallying to the 1098.50-
1099.00 resistance zone. A pullback held at 1095.00 and then
the market went into a trend up move to the 1103.00 level by
the close.
The market is in a big trading range at the moment and by
the look of things this volatility should continue. The
internal gauges are all in neutral territory, with plenty of
room to move either way.
The bounces, no matter how impressive, have not been able to
hold lately. However, when the market gets hit hard, the
buyers come back in droves. That is a trading range
environment, and unless the 1085.25-1084.50 area is broken
on the downside or the 1110.50-1111.00 area is exceeded on
the upside we can expect this range to continue.
The ES ended the day at 1103.00, and the 16 point drop on
Thursday's open came from the 1103.50 settlement on
Wednesday. So, the initial resistance areas need to be
exceeded and not reversed early Friday to avoid another
drop. If there is an early dip, it will need to reverse from
the 1095 area to avoid another trip down to test the
1090.75-1090.00 zone. A pullback should go no further than
that 1090.75-1090.00 zone if it is going to come roaring
back as it has been doing. That is where the rally kicked
into gear on Thursday afternoon. If that area is broken, and
not quickly reversed, then the week will end on a down note.
On Friday we get the GDP before the open, then we also get
the Chicago PMI 15 minutes into the day and then the
Michigan Consumer sentiment 25 minutes into trading. Then at
10 am we get the Existing Home Sales data. So, after the
first 30 minutes the market will have the rest of the day to
trade on its own. For now, no harm is done unless the
initial support is not defended and the 1095 area on the ES
is not quickly reversed on Friday.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1103.50-1104.25
1108.00-1108.50
1110.50-1111.00
1114.50-1115.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1098.00-1097.25
1095.00
1090.75-1090.00
1087.50
1085.25-1084.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1816.00-1817.00
1822.25-1823.25
1829.25-1830.00
1833.25-1834.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1806.25-1805.25
1800.50
1789.00-1788.00
1784.50
1781.00-1780.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10321-10326
10390-10395
10419-10421
10435-10439
March 2010 Dow futures support
symbols: emini = ymh0
10277-10273
10257
10215-10212
10198
10177-10173
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
2 / 25 / 2010
(Published Since 1996)
...............................................
Dateline: 6:32 pm eastern time, 2/25/2010
It was quite a day on Thursday. The ES opened down 16 points
and after dropping to 1084.50 in the first 20 minutes the ES
turned back up. Shortly after noon the 3rd intraday update
stated:
"The ES grinded down to 1085.75 and made a little
double bottom there before turning back up. The
lows should be in place as long as the 1088.00-
1087.50 area on the ES is held."
The 1088.00-1087.50 area held and then around 1:45 pm the
market shot higher with the ES rallying to the 1098.50-
1099.00 resistance zone. A pullback held at 1095.00 and then
the market went into a trend up move to the 1103.00 level by
the close.
The market is in a big trading range at the moment and by
the look of things this volatility should continue. The
internal gauges are all in neutral territory, with plenty of
room to move either way.
The bounces, no matter how impressive, have not been able to
hold lately. However, when the market gets hit hard, the
buyers come back in droves. That is a trading range
environment, and unless the 1085.25-1084.50 area is broken
on the downside or the 1110.50-1111.00 area is exceeded on
the upside we can expect this range to continue.
The ES ended the day at 1103.00, and the 16 point drop on
Thursday's open came from the 1103.50 settlement on
Wednesday. So, the initial resistance areas need to be
exceeded and not reversed early Friday to avoid another
drop. If there is an early dip, it will need to reverse from
the 1095 area to avoid another trip down to test the
1090.75-1090.00 zone. A pullback should go no further than
that 1090.75-1090.00 zone if it is going to come roaring
back as it has been doing. That is where the rally kicked
into gear on Thursday afternoon. If that area is broken, and
not quickly reversed, then the week will end on a down note.
On Friday we get the GDP before the open, then we also get
the Chicago PMI 15 minutes into the day and then the
Michigan Consumer sentiment 25 minutes into trading. Then at
10 am we get the Existing Home Sales data. So, after the
first 30 minutes the market will have the rest of the day to
trade on its own. For now, no harm is done unless the
initial support is not defended and the 1095 area on the ES
is not quickly reversed on Friday.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1103.50-1104.25
1108.00-1108.50
1110.50-1111.00
1114.50-1115.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1098.00-1097.25
1095.00
1090.75-1090.00
1087.50
1085.25-1084.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1816.00-1817.00
1822.25-1823.25
1829.25-1830.00
1833.25-1834.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1806.25-1805.25
1800.50
1789.00-1788.00
1784.50
1781.00-1780.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10321-10326
10390-10395
10419-10421
10435-10439
March 2010 Dow futures support
symbols: emini = ymh0
10277-10273
10257
10215-10212
10198
10177-10173
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 02/25/10
HOW OUR DAY WENT:
The ES opened down 16 points on Thursday
and after dropping to 1084.50 in the first 20 minutes the ES
turned back up. Shortly after noon the 3rd intraday update
stated:
"The ES grinded down to 1085.75 and made a little
double bottom there before turning back up. The
lows should be in place as long as the 1088.00-
1087.50 area on the ES is held."
The 1088.00-1087.50 area held and then around 1:45 pm the
market shot higher with the ES rallying to the 1098.50-
1099.00 resistance zone. A dip held at 1095 and then a
rally to 1103.00 resistance at the close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The ES opened down 16 points on Thursday
and after dropping to 1084.50 in the first 20 minutes the ES
turned back up. Shortly after noon the 3rd intraday update
stated:
"The ES grinded down to 1085.75 and made a little
double bottom there before turning back up. The
lows should be in place as long as the 1088.00-
1087.50 area on the ES is held."
The 1088.00-1087.50 area held and then around 1:45 pm the
market shot higher with the ES rallying to the 1098.50-
1099.00 resistance zone. A dip held at 1095 and then a
rally to 1103.00 resistance at the close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 02/24/10
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 24 / 2010
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 2/24/2010
We were looking for early strength to be sold and then the
first decent pullback to set up a buying opportunity on
Wednesday. The ES popped up to 1102.00 in the first 15
minutes of trading, then reversed and dropped 8.25 points to
1093.75 just before 10:30am. The move reversed from there
and shot almost straight up 11+ points to 1105.00 before a
pullback. A pop up to 1105.50 was reversed, leaving a
potential double top, and just after 2pm while the ES was at
1104 an instant message was sent stating:
(Feb 24-14:02) mike: i'[m] getting small short up here.
(Feb 24-14:03) mike: nq has a wedge type pattern (Feb
24-14:05) mike: if 1101 breaks, a push to 97.50-96.50
would be possible
After that the updated support at 1098.50 held and the
updated resistance at 1102.00-1102.50 was sold, but then the
ES broke and held 1102 on the way to 1104.25 by the close.
On Thursday we have Initial Claims before the open. The ES
had an inside day, as the market made good swings in both
directions. The end of day move up made another wedge type
of pattern, so a break of the initial support areas would
need to be quickly reversed to avoid another test of the
1099.00-1098.50 zone on the ES. If the market slips under
that area on Thursday, and does not quickly find buyers to
reverse that downtrend, then we could see the move pick up
some steam. If the ES drops back towards the Wednesday low
area at 1094.50-1093.75 it would need to reverse right away,
otherwise there is something not right and the market could
unwind towards the 1089.00-1088.50 area on the ES. IF the
market gets hit that hard, it must reverse from that zone,
otherwise the 1079.50 could be seen, which was the high for
the week ending 2/12 and low for the week ending 2/19.
Still, unless a break of the 1099.00-1098.50 area occurs,
the trends are up and the pullbacks should hold. A move back
towards the 1108.00-1108.50 area, and possibly a move
towards the 1110.50-1112.00 zone could be tested before a
selloff occurs. Both sides should be in play again on
Thursday, with the pops to new highs being sold when the
move stalls out, and also the pullbacks to be bought as long
as the 1099.00-1098.50 area on the ES and 1806.50-1805.75
area on the NQ are defended.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1105.00-1105.75
1108.00-1108.50
1111.00-1112.00 **strong
1114.50-1115.00
1117.50-1118.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1102.00
1099.00-1098.50
1094.50-1093.75
1092.50
1089.00-1088.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1818.00-1819.00
1822.25-1823.25
1828.50-1830.00 **strong
1833.25-1834.00
1837.75-1838.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1810.00
1806.50-1805.75
1800.50-1799.50
1792.50
1786.00-1785.00
March 2010 Dow futures resistance
symbols: emini = ymh0
10376-10379
10390-10395
10402-10406 **strong
10435-10439
10462-10467
March 2010 Dow futures support
symbols: emini = ymh0
10343
10321-10317
10286-10281
10251
10238-10235
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
2 / 24 / 2010
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 2/24/2010
We were looking for early strength to be sold and then the
first decent pullback to set up a buying opportunity on
Wednesday. The ES popped up to 1102.00 in the first 15
minutes of trading, then reversed and dropped 8.25 points to
1093.75 just before 10:30am. The move reversed from there
and shot almost straight up 11+ points to 1105.00 before a
pullback. A pop up to 1105.50 was reversed, leaving a
potential double top, and just after 2pm while the ES was at
1104 an instant message was sent stating:
(Feb 24-14:02) mike: i'[m] getting small short up here.
(Feb 24-14:03) mike: nq has a wedge type pattern (Feb
24-14:05) mike: if 1101 breaks, a push to 97.50-96.50
would be possible
After that the updated support at 1098.50 held and the
updated resistance at 1102.00-1102.50 was sold, but then the
ES broke and held 1102 on the way to 1104.25 by the close.
On Thursday we have Initial Claims before the open. The ES
had an inside day, as the market made good swings in both
directions. The end of day move up made another wedge type
of pattern, so a break of the initial support areas would
need to be quickly reversed to avoid another test of the
1099.00-1098.50 zone on the ES. If the market slips under
that area on Thursday, and does not quickly find buyers to
reverse that downtrend, then we could see the move pick up
some steam. If the ES drops back towards the Wednesday low
area at 1094.50-1093.75 it would need to reverse right away,
otherwise there is something not right and the market could
unwind towards the 1089.00-1088.50 area on the ES. IF the
market gets hit that hard, it must reverse from that zone,
otherwise the 1079.50 could be seen, which was the high for
the week ending 2/12 and low for the week ending 2/19.
Still, unless a break of the 1099.00-1098.50 area occurs,
the trends are up and the pullbacks should hold. A move back
towards the 1108.00-1108.50 area, and possibly a move
towards the 1110.50-1112.00 zone could be tested before a
selloff occurs. Both sides should be in play again on
Thursday, with the pops to new highs being sold when the
move stalls out, and also the pullbacks to be bought as long
as the 1099.00-1098.50 area on the ES and 1806.50-1805.75
area on the NQ are defended.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1105.00-1105.75
1108.00-1108.50
1111.00-1112.00 **strong
1114.50-1115.00
1117.50-1118.50
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1102.00
1099.00-1098.50
1094.50-1093.75
1092.50
1089.00-1088.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1818.00-1819.00
1822.25-1823.25
1828.50-1830.00 **strong
1833.25-1834.00
1837.75-1838.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1810.00
1806.50-1805.75
1800.50-1799.50
1792.50
1786.00-1785.00
March 2010 Dow futures resistance
symbols: emini = ymh0
10376-10379
10390-10395
10402-10406 **strong
10435-10439
10462-10467
March 2010 Dow futures support
symbols: emini = ymh0
10343
10321-10317
10286-10281
10251
10238-10235
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 02/24/10
HOW OUR DAY WENT:
We were looking for early strength to be
sold on Wednesday and then the first decent pullback to set
up a buying opportunity. The ES popped up to 1102.00 in the
first 15 minutes, then reversed and dropped 8.25 points to
1093.75 just before 10:30am. The move reversed from there
and shot almost straight up 11+ points to 1105.00 before a
pullback. A pop up to 1105.50 was reversed, and just after
2pm when the ES was at 1104 I sent an instant message stating:
(Feb 24-14:02) mike: i'[m] getting small short up here.
(Feb 24-14:03) mike: nq has a wedge type pattern
(Feb 24-14:05) mike: if 1101 breaks, a push to 97.50-96.50
would be possible
After that I sent out updated support at 1098.50 and updated
resistance at 1102.00-1102.50 and the ES dropped to 1098.50
and bounced to 1101.75... so we covered the rest at 1100.50
(see the log) and called it a day.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
We were looking for early strength to be
sold on Wednesday and then the first decent pullback to set
up a buying opportunity. The ES popped up to 1102.00 in the
first 15 minutes, then reversed and dropped 8.25 points to
1093.75 just before 10:30am. The move reversed from there
and shot almost straight up 11+ points to 1105.00 before a
pullback. A pop up to 1105.50 was reversed, and just after
2pm when the ES was at 1104 I sent an instant message stating:
(Feb 24-14:02) mike: i'[m] getting small short up here.
(Feb 24-14:03) mike: nq has a wedge type pattern
(Feb 24-14:05) mike: if 1101 breaks, a push to 97.50-96.50
would be possible
After that I sent out updated support at 1098.50 and updated
resistance at 1102.00-1102.50 and the ES dropped to 1098.50
and bounced to 1101.75... so we covered the rest at 1100.50
(see the log) and called it a day.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 02/23/10
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 23 / 2010
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 2/23/2010
The ES opened lower and turned up, giving a quick bounce
from 1102.75 to 1107.50 in the first 25 minutes. That was
just under the initial resistance at the 1108.00-1108.00
zone and set up a shorting opportunity. A fast drop took the
ES to 1093.50 before bouncing, which was at the 1093.75-
1093.00 zone. A bounce was reversed at 1098 old support and
dropped to a 1090.25 low by 2 pm. A move back to updated
resistance at the 1097.50-1098.00 area followed. A 5 point
drop to 1092.25 followed, then the ES ran up and settled
right at the 1097.50-1098.00 resistance zone.
The internal gauges went from very overbought extremes to an
oversold extreme on a few indicators. One was the closing
Trin at 3.03 o Tuesday. These extremes used to be rare, and
reserved for only the most wicked of selloffs. They would
also tend to mark a short term low within a day or 2 at
most. A closing Trin at 3.00 hasn't been as rare recently,
but the results have tended to be the same. Since September
1, 2009, the closing Trin reached 2.90 or higher on 6
occasions. All 6 occasions marked a low on a closing basis
within 1 day. In case you want the dates and closing Trin
readings, they were on 9/01/09 at 3.47, 10/01/09 at 3.63,
10/30/09 at 2.90, 11/27 at 5.03, 12/17/09 at 3.08 and last
one was a few weeks ago on 2/04/10 at 3.45.
The only thing that opposes this is that the daily chart
pattern doesn't look very good, and the Vix reversed and
that gave a second sell signal. So, with a bit of a mixed
bag, it looks like the market should be alright as long as
the ES stays over the 1092 level. The ES settled more than 3
points over fair value on Tuesday, so higher prices are
factored into the open. They also settled at a resistance
zone, so an early pullback won't be a surprise.
So, look for early strength or a flat open to be met with
selling, but the first decent pullback should set up a
buying opportunity. A two-sided day is likely as long as the
ES doesn't break under the 1089.00-1088.50 area. If that
occurs, then a snap-back rally might need to be put on hold
as things could get a bit ugly.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1097.50-1198.00
1103.50-1104.00
1108.00-1108.50
1111.00-1112.00 **strong
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1092.50
1089.00-1088.50
1086.75-1086.25
1082.25-1081.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1801.50-1802.00
1810.25-1811.50
1821.50-1822.25
1828.50-1830.00 **strong
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1792.50
1786.00-1785.00
1782.50-1781.50
1777.50-1776.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10303-10307
10353-10358
10390-10395
10402-10406 **strong
March 2010 Dow futures support
symbols: emini = ymh0
10251
10238-10235
10221-10219
10182-10179
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
2 / 23 / 2010
(Published Since 1996)
...............................................
Dateline: 6:46 pm eastern time, 2/23/2010
The ES opened lower and turned up, giving a quick bounce
from 1102.75 to 1107.50 in the first 25 minutes. That was
just under the initial resistance at the 1108.00-1108.00
zone and set up a shorting opportunity. A fast drop took the
ES to 1093.50 before bouncing, which was at the 1093.75-
1093.00 zone. A bounce was reversed at 1098 old support and
dropped to a 1090.25 low by 2 pm. A move back to updated
resistance at the 1097.50-1098.00 area followed. A 5 point
drop to 1092.25 followed, then the ES ran up and settled
right at the 1097.50-1098.00 resistance zone.
The internal gauges went from very overbought extremes to an
oversold extreme on a few indicators. One was the closing
Trin at 3.03 o Tuesday. These extremes used to be rare, and
reserved for only the most wicked of selloffs. They would
also tend to mark a short term low within a day or 2 at
most. A closing Trin at 3.00 hasn't been as rare recently,
but the results have tended to be the same. Since September
1, 2009, the closing Trin reached 2.90 or higher on 6
occasions. All 6 occasions marked a low on a closing basis
within 1 day. In case you want the dates and closing Trin
readings, they were on 9/01/09 at 3.47, 10/01/09 at 3.63,
10/30/09 at 2.90, 11/27 at 5.03, 12/17/09 at 3.08 and last
one was a few weeks ago on 2/04/10 at 3.45.
The only thing that opposes this is that the daily chart
pattern doesn't look very good, and the Vix reversed and
that gave a second sell signal. So, with a bit of a mixed
bag, it looks like the market should be alright as long as
the ES stays over the 1092 level. The ES settled more than 3
points over fair value on Tuesday, so higher prices are
factored into the open. They also settled at a resistance
zone, so an early pullback won't be a surprise.
So, look for early strength or a flat open to be met with
selling, but the first decent pullback should set up a
buying opportunity. A two-sided day is likely as long as the
ES doesn't break under the 1089.00-1088.50 area. If that
occurs, then a snap-back rally might need to be put on hold
as things could get a bit ugly.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1097.50-1198.00
1103.50-1104.00
1108.00-1108.50
1111.00-1112.00 **strong
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1092.50
1089.00-1088.50
1086.75-1086.25
1082.25-1081.50
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1801.50-1802.00
1810.25-1811.50
1821.50-1822.25
1828.50-1830.00 **strong
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1792.50
1786.00-1785.00
1782.50-1781.50
1777.50-1776.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10303-10307
10353-10358
10390-10395
10402-10406 **strong
March 2010 Dow futures support
symbols: emini = ymh0
10251
10238-10235
10221-10219
10182-10179
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 02/23/10
HOW OUR DAY WENT:
The ES opened lower and turned up, giving
a quick bounce from 1102.75 to 1107.50 in the first 25
minutes. That was just under the initial resistance at the
1108.00-1108.00 zone and set up a shorting opportunity. A
fast drop took the ES to 1093.50 before bouncing, which was
at the 1093.75-1093.00 zone. A bounce was reversed at 1098.00
old support and dropped to a 1090.25 low by 2pm. A move back
to updated resistance at the 1097.50-1098.00 area followed.
A 5 point drop to 1092.25 followed, then the ES ran up and
settled right at the 1097.50-1098.00 resistance zone.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The ES opened lower and turned up, giving
a quick bounce from 1102.75 to 1107.50 in the first 25
minutes. That was just under the initial resistance at the
1108.00-1108.00 zone and set up a shorting opportunity. A
fast drop took the ES to 1093.50 before bouncing, which was
at the 1093.75-1093.00 zone. A bounce was reversed at 1098.00
old support and dropped to a 1090.25 low by 2pm. A move back
to updated resistance at the 1097.50-1098.00 area followed.
A 5 point drop to 1092.25 followed, then the ES ran up and
settled right at the 1097.50-1098.00 resistance zone.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 02/22/10
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 22 / 2010
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 2/22/2010
The ES popped up to 1111.00 (key resistance was 1111.00-
1112.00) in the first 5 minutes and that was sold and a 7.50
point drop to the 1103.50 updated support occurred in the
first 30 minutes on Monday. The market turned back up and a
tricky stair-step move up to 1110.25 fizzled out with about
45 minutes left in stock trading. With the ES at 1109.50 and
the NQ at 1821, I sent an instant message stating:
(Feb 22-15:29) Mike: Wedge like pattern forming,
the NQ is toppy, I'm small short that up here for
a decent drop.
Not long after that we got a decent drop as the ES rolled
over and dropped to 1104.75 while the NQ reached 1814.25
just before stocks closed. Buying/ short covering came in
after stocks closed and the futures bounced to settle above
fair value.
All of the gyrations on Monday pretty much erased the
overbought status the market was in. There still is a good
deal of complacency, however. The late day dumping of stocks
wasn't a surprise, but the way the futures bounced right
back was surprising. It looks like the 1104.00-1103.50 area
on the ES should continue to be good support. As long as
that area is defended, then the market will hold together
and likely give more 2 sided action. Otherwise, if that area
is broken and not quickly reversed, then the trends on all
but a weekly timeframe will roll over and things will be
changing.
We get the Consumer Confidence number 30 minutes into the
day on Tuesday. If the market opens lower, then a reversal
back up sets up a trade on the long side. If that plays out,
a 3rd attempt to get through the 1111-1112 area should be
under way. If the market gets back up there, it will need to
push through and then not reverse. The market reversed there
twice in the last 2 trading days, so if the SP500 cash can
get back over the 1114.84-1115.49 area and avoid being sold
from that zone, the upside should extend towards the
1117.50-1118.50 zone on this leg up before a decent reversal
back down occurs.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1108.00-1108.50
1111.00-1112.00 **strong
1115.00
1117.50-1118.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1104.50-1103.50
1098.75-1098.00 **key
1093.75-1093.00
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1821.50-1822.00
1828.50-1830.00 **strong
1833.00
1837.75-1838.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1815.50-1814.50
1810.50-1809.50 **key
1803.25-1802.25
March 2010 Dow futures resistance
symbols: emini = ymh0
10375-10378
10402-10406 **strong
10439
10462-10467
March 2010 Dow futures support
symbols: emini = ymh0
10350-10346
10322-10319 **key
10267-10262
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
2 / 22 / 2010
(Published Since 1996)
...............................................
Dateline: 6:26 pm eastern time, 2/22/2010
The ES popped up to 1111.00 (key resistance was 1111.00-
1112.00) in the first 5 minutes and that was sold and a 7.50
point drop to the 1103.50 updated support occurred in the
first 30 minutes on Monday. The market turned back up and a
tricky stair-step move up to 1110.25 fizzled out with about
45 minutes left in stock trading. With the ES at 1109.50 and
the NQ at 1821, I sent an instant message stating:
(Feb 22-15:29) Mike: Wedge like pattern forming,
the NQ is toppy, I'm small short that up here for
a decent drop.
Not long after that we got a decent drop as the ES rolled
over and dropped to 1104.75 while the NQ reached 1814.25
just before stocks closed. Buying/ short covering came in
after stocks closed and the futures bounced to settle above
fair value.
All of the gyrations on Monday pretty much erased the
overbought status the market was in. There still is a good
deal of complacency, however. The late day dumping of stocks
wasn't a surprise, but the way the futures bounced right
back was surprising. It looks like the 1104.00-1103.50 area
on the ES should continue to be good support. As long as
that area is defended, then the market will hold together
and likely give more 2 sided action. Otherwise, if that area
is broken and not quickly reversed, then the trends on all
but a weekly timeframe will roll over and things will be
changing.
We get the Consumer Confidence number 30 minutes into the
day on Tuesday. If the market opens lower, then a reversal
back up sets up a trade on the long side. If that plays out,
a 3rd attempt to get through the 1111-1112 area should be
under way. If the market gets back up there, it will need to
push through and then not reverse. The market reversed there
twice in the last 2 trading days, so if the SP500 cash can
get back over the 1114.84-1115.49 area and avoid being sold
from that zone, the upside should extend towards the
1117.50-1118.50 zone on this leg up before a decent reversal
back down occurs.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1108.00-1108.50
1111.00-1112.00 **strong
1115.00
1117.50-1118.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1104.50-1103.50
1098.75-1098.00 **key
1093.75-1093.00
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1821.50-1822.00
1828.50-1830.00 **strong
1833.00
1837.75-1838.50
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1815.50-1814.50
1810.50-1809.50 **key
1803.25-1802.25
March 2010 Dow futures resistance
symbols: emini = ymh0
10375-10378
10402-10406 **strong
10439
10462-10467
March 2010 Dow futures support
symbols: emini = ymh0
10350-10346
10322-10319 **key
10267-10262
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 02/22/10
HOW OUR DAY WENT:
The ES popped up to 1111.00 (key resistance
was 1111.00-1112.00) in the first 5 minutes and that was sold
and a 7.50 point drop to the 1103.50 updated support occurred
in the first 30 minutes on Monday. Then after a stair-step
move up to 1110.25 fizzled out, with the ES at 1109.50, I
sent an instant message to the group stating:
(Feb 22-15:29) mike: wedge like pattern forming, the NQ is
toppy, i'm small short that up here for a decent drop.
Not long after that the ES rolled over and dropped to 1104.75
just before stocks closed. The overbought extremes held the
market down today. A great trading opportunity should set up
in the morning.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The ES popped up to 1111.00 (key resistance
was 1111.00-1112.00) in the first 5 minutes and that was sold
and a 7.50 point drop to the 1103.50 updated support occurred
in the first 30 minutes on Monday. Then after a stair-step
move up to 1110.25 fizzled out, with the ES at 1109.50, I
sent an instant message to the group stating:
(Feb 22-15:29) mike: wedge like pattern forming, the NQ is
toppy, i'm small short that up here for a decent drop.
Not long after that the ES rolled over and dropped to 1104.75
just before stocks closed. The overbought extremes held the
market down today. A great trading opportunity should set up
in the morning.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 02/21/10
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 21 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 2/21/2010
The market opened lower but the ES turned up from just over
the 1098.25-1097.75 support zone and rallied 5.75 points to
1104.50 before going into a tight range. When 1104 was
broken, that area held on a dip and the ES ran up to the
last resistance at the 1110.50-1112.00 zone. Off of a high
at 1111.00, the ES pulled back to the 1107-1106 key support.
The 1106.50 level was the pullback low and a bounce to
1108.75 followed. The failure to clear the 1109.50 updated
resistance sent them to 1105.00 with 45 minutes left in the
trading day. They ran right up to 1109.50 and then dropped
right back down to 1105.25 before the close.
Most, but not all, of the short term gauges have come out of
oversold territory. The short term breadth indicators are
giving divergence, while the short term volume ratios are
still overbought. However, some things are at spots where
major turns have come in the past. The 5 day RSI on the Vix
reached 17.3, and is also 15% below its 10 day average
close. These numbers on the Vix haven't been that stretched
since the October 19th, 2009 high where a drop of 61 SP500
points (on a closing basis) started. The ranges are
shrinking just as the SP500 cash is getting close to the
1114.84-1115.49 area that was a transition on the downside.
That said, at the moment it still looks like the upside is
limited short term. The ES did pull back from the 1110.50-
1112.00 zone on Friday, and it also reversed at the updated
1109.50 level in the final minutes of trading. Early last
week the market closed several days at its highs, however
the upside had trouble holding on to its gains on Friday. It
didn't seem to like the altitude around the 1111 level on
the ES. If there is a drop back to the 1093-1092 area, and
it reverses, that could make a decent low if the market
heads lower on Monday.
Look for early strength to set up a shorting opportunity on
Monday. If that plays out, then the first decent drop needs
to hold the late Friday lows, otherwise the 1098.75-1098.00
area on the ES should be a good test of the market's
strength, or lack there-of. If that area is not defended,
then a test of the 1093.00-1092.00 area should set up a
rally attempt unless the market is in a breakdown mode. If
the ES is able to push through the 1111.00-1112.00 and not
reverse, then the 1114.84-1115.49 area on the SP500 cash
needs to be pushed through and held to keep this upside move
from failing.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1109.50 **key early
1111.00-1112.00 **strong
1117.50-1118.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1105.50-1105.00
1098.75-1098.00 **key
1093.00-1092.00 **major
1089.00-1088.50
1086.75-1086.25
1079.50 crashette support
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1823.50 **key early
1828.50-1830.00 **strong
1836.25-1838.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1818.50-1818.00
1812.50-1811.50 **key
1803.25-1802.25 **major
1795.25-1794.50
1792.50-1791.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10405 **key early
10421-10426 **strong
10470-10474
March 2010 Dow futures support
symbols: emini = ymh0
10366-10362
10322-10319 **key
10267-10262 **major
10214-10210
10182-10179
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
2 / 21 / 2010
(Published Since 1996)
...............................................
Dateline: 5:26 pm eastern time, 2/21/2010
The market opened lower but the ES turned up from just over
the 1098.25-1097.75 support zone and rallied 5.75 points to
1104.50 before going into a tight range. When 1104 was
broken, that area held on a dip and the ES ran up to the
last resistance at the 1110.50-1112.00 zone. Off of a high
at 1111.00, the ES pulled back to the 1107-1106 key support.
The 1106.50 level was the pullback low and a bounce to
1108.75 followed. The failure to clear the 1109.50 updated
resistance sent them to 1105.00 with 45 minutes left in the
trading day. They ran right up to 1109.50 and then dropped
right back down to 1105.25 before the close.
Most, but not all, of the short term gauges have come out of
oversold territory. The short term breadth indicators are
giving divergence, while the short term volume ratios are
still overbought. However, some things are at spots where
major turns have come in the past. The 5 day RSI on the Vix
reached 17.3, and is also 15% below its 10 day average
close. These numbers on the Vix haven't been that stretched
since the October 19th, 2009 high where a drop of 61 SP500
points (on a closing basis) started. The ranges are
shrinking just as the SP500 cash is getting close to the
1114.84-1115.49 area that was a transition on the downside.
That said, at the moment it still looks like the upside is
limited short term. The ES did pull back from the 1110.50-
1112.00 zone on Friday, and it also reversed at the updated
1109.50 level in the final minutes of trading. Early last
week the market closed several days at its highs, however
the upside had trouble holding on to its gains on Friday. It
didn't seem to like the altitude around the 1111 level on
the ES. If there is a drop back to the 1093-1092 area, and
it reverses, that could make a decent low if the market
heads lower on Monday.
Look for early strength to set up a shorting opportunity on
Monday. If that plays out, then the first decent drop needs
to hold the late Friday lows, otherwise the 1098.75-1098.00
area on the ES should be a good test of the market's
strength, or lack there-of. If that area is not defended,
then a test of the 1093.00-1092.00 area should set up a
rally attempt unless the market is in a breakdown mode. If
the ES is able to push through the 1111.00-1112.00 and not
reverse, then the 1114.84-1115.49 area on the SP500 cash
needs to be pushed through and held to keep this upside move
from failing.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1109.50 **key early
1111.00-1112.00 **strong
1117.50-1118.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1105.50-1105.00
1098.75-1098.00 **key
1093.00-1092.00 **major
1089.00-1088.50
1086.75-1086.25
1079.50 crashette support
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1823.50 **key early
1828.50-1830.00 **strong
1836.25-1838.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1818.50-1818.00
1812.50-1811.50 **key
1803.25-1802.25 **major
1795.25-1794.50
1792.50-1791.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10405 **key early
10421-10426 **strong
10470-10474
March 2010 Dow futures support
symbols: emini = ymh0
10366-10362
10322-10319 **key
10267-10262 **major
10214-10210
10182-10179
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 02/19/10
HOW OUR DAY WENT:
The market opened lower but the ES turned
up from just over the 1098.25-1097.75 zone support zone and
rallied 5.75 points to 1104.50 before going into a tight
range. We were watching both sides until there was a breakout.
When 1104 was broken, that area held on a dip and
the ES ran up to the last resistance up at the 1110.50-1112.00
zone. A short at resistance (the high was at 1111.00), the ES
pulled back 4.50 points to the 1107-1106 key support. The
1106.50 level was the pullback low, and a bounce to 1108.75
followed. The failure to clear the 1109.50 updated resistance
sent them 4.50 points lower to 1105.00 with 45 minutes left
in the trading day. They ran right up to 1109.50 and then
dropped right back down to 1105.25 before the close. A good
day for the support/resistance zones, a-gain.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The market opened lower but the ES turned
up from just over the 1098.25-1097.75 zone support zone and
rallied 5.75 points to 1104.50 before going into a tight
range. We were watching both sides until there was a breakout.
When 1104 was broken, that area held on a dip and
the ES ran up to the last resistance up at the 1110.50-1112.00
zone. A short at resistance (the high was at 1111.00), the ES
pulled back 4.50 points to the 1107-1106 key support. The
1106.50 level was the pullback low, and a bounce to 1108.75
followed. The failure to clear the 1109.50 updated resistance
sent them 4.50 points lower to 1105.00 with 45 minutes left
in the trading day. They ran right up to 1109.50 and then
dropped right back down to 1105.25 before the close. A good
day for the support/resistance zones, a-gain.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
TradeStalker's RBI Update 02/18/10
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 18 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 2/18/2010
The lower open on Thursday was reversed from 1 tick under
the 1096.50-1096.00 support zone on the ES and then it ran
up to 1102.00, just under the big 1102.50-1104.00 zone. A
drop of 5.75 points to 1096.25 followed, and then the market
turned back up and reached 1100.50. A pullback based out at
1098.00, and the breakout over 1100 was held and reversed on
a pullback, and the market took off to the upside. The ES
rallied to and through the 1102.50-1104.00 zone on the way
to a high at 1106.00. The 1104.00 area turned into new
support as the ES firmed into the close.
After the close the Fed raised the discount rate by a
quarter of a point and stocks are down pretty hard as this
is being written. In the last hour I sent an instant message
saying:
"(Feb 18-15:08) Mike: this is the start of a good
sized drop, swing trade for me on part"
If you are in that with me, take half off at the 1093.75-
1093.00 zone overnight or in the morning. Keep a stop at
break-even for the time being.
The market is still extremely overbought, and the upside is
looking like it's limited even if there is a reflex rally
off of a lower open on Friday. The 3 Day thrust reached +.78
at Thursday's close (one of the most overbought readings in
months) and the RBI oscillator is in sell territory. The Vix
reached 20.60 and should jump way up on the open, and it has
given a couple of sell signals.
On Friday look for a trade on the long side if the market
opens lower and then can reverse back up. If that plays out,
beware that the first bounce should set up a very good
shorting opportunity. If the ES cannot reverse from the
1093.75-1093.00 support zone, then a move down to the
1089.00-1088.50 zone must hold. If that area is broken the
market should see the downside, could gather momentum and
the week will end on a sour note.
NOTE- If the weakness holds overnight, the resistance areas
that are broken should turn into resistance on the way up.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1106.75
1107.50-1108.00
1110.50-1112.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1104.00
1100.00-1099.50
1098.25-1097.75
1093.75-1093.00
1089.00-1088.50
1086.75-1086.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1824.75
1826.50-1827.50
1832.00-1834.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1821.50
1815.00-1814.25
1811.50-1811.00
1803.25-1802.25
1795.25-1794.50
1792.50-1791.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10385
10392-10397
10418-10424
March 2010 Dow futures support
symbols: emini = ymh0
10359
10325-10322
10299-10295
10257-10252
10204-10200
10182-10179
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
2 / 18 / 2010
(Published Since 1996)
...............................................
Dateline: 6:16 pm eastern time, 2/18/2010
The lower open on Thursday was reversed from 1 tick under
the 1096.50-1096.00 support zone on the ES and then it ran
up to 1102.00, just under the big 1102.50-1104.00 zone. A
drop of 5.75 points to 1096.25 followed, and then the market
turned back up and reached 1100.50. A pullback based out at
1098.00, and the breakout over 1100 was held and reversed on
a pullback, and the market took off to the upside. The ES
rallied to and through the 1102.50-1104.00 zone on the way
to a high at 1106.00. The 1104.00 area turned into new
support as the ES firmed into the close.
After the close the Fed raised the discount rate by a
quarter of a point and stocks are down pretty hard as this
is being written. In the last hour I sent an instant message
saying:
"(Feb 18-15:08) Mike: this is the start of a good
sized drop, swing trade for me on part"
If you are in that with me, take half off at the 1093.75-
1093.00 zone overnight or in the morning. Keep a stop at
break-even for the time being.
The market is still extremely overbought, and the upside is
looking like it's limited even if there is a reflex rally
off of a lower open on Friday. The 3 Day thrust reached +.78
at Thursday's close (one of the most overbought readings in
months) and the RBI oscillator is in sell territory. The Vix
reached 20.60 and should jump way up on the open, and it has
given a couple of sell signals.
On Friday look for a trade on the long side if the market
opens lower and then can reverse back up. If that plays out,
beware that the first bounce should set up a very good
shorting opportunity. If the ES cannot reverse from the
1093.75-1093.00 support zone, then a move down to the
1089.00-1088.50 zone must hold. If that area is broken the
market should see the downside, could gather momentum and
the week will end on a sour note.
NOTE- If the weakness holds overnight, the resistance areas
that are broken should turn into resistance on the way up.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1106.75
1107.50-1108.00
1110.50-1112.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1104.00
1100.00-1099.50
1098.25-1097.75
1093.75-1093.00
1089.00-1088.50
1086.75-1086.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1824.75
1826.50-1827.50
1832.00-1834.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1821.50
1815.00-1814.25
1811.50-1811.00
1803.25-1802.25
1795.25-1794.50
1792.50-1791.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10385
10392-10397
10418-10424
March 2010 Dow futures support
symbols: emini = ymh0
10359
10325-10322
10299-10295
10257-10252
10204-10200
10182-10179
---------------------------
REMINDER:
Real Time subscribers can view these updates, and also get
real time instant messages, on the web at this site:
http://www.tradestalker.com/RBIchat.htm
---------------------------
Good Trading,
Mike Reed
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 02/18/10
HOW OUR DAY WENT:
The lower open was reversed from just 1
tick under the 1096.50-1096.00 support zone on the ES and
then it ran up to 1102.00, just under the big 1102.50-1104.00
zone. A drop of 5.75 points to 1096.25 followed, and then the
market turned back up and reached 1100.50. A pullback based
out at 1098.00 and then the ES rallied to a 1106.75 high. I
told the group by instant message:
"(Feb 18-15:08) Mike: this is the start of a good
sized drop, swing trade for me on part"
The Fed rasied the discount rate after the close. Get the
outlook for Friday game-plan tonight.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The lower open was reversed from just 1
tick under the 1096.50-1096.00 support zone on the ES and
then it ran up to 1102.00, just under the big 1102.50-1104.00
zone. A drop of 5.75 points to 1096.25 followed, and then the
market turned back up and reached 1100.50. A pullback based
out at 1098.00 and then the ES rallied to a 1106.75 high. I
told the group by instant message:
"(Feb 18-15:08) Mike: this is the start of a good
sized drop, swing trade for me on part"
The Fed rasied the discount rate after the close. Get the
outlook for Friday game-plan tonight.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Thursday, February 18, 2010
TradeStalker's RBI Update 02/17/10
.................................................
TradeStalker's
R.B.I. Trader's Update
2 / 17 / 2010
(Published Since 1996)
...............................................
Dateline: 6:04 pm eastern time, 2/17/2010
The gap up open reversed from the 1097.75-1098.50 resistance
on the ES and it pulled back 3.50 points to 1094.50 before
bouncing. Then, the 2-sided action we expected was evident.
The short side on the pops over 1098 were the better
reward/risk opportunities for scalps as the back-and-forth
action was in play all day. The market did avoid a break-
down however by holding 1096 and rallying back to make a
token new high at the close.
On Thursday we get Initial Claims and PPI before the open,
and then the Leading Indicators and Philly Fed releases at
10 am. While the intermediate term internal gauges have
firmed up, the short term internal gauges are now very
overbought nearly across the board. The Vix dropped to be
more than 10% under its 10 day average close. If the Vix
drops early on Thursday, and then reverses back up, that
should signal the start of a decent pullback. Unless this
move is in the early stage of heading towards or through the
yearly highs, a breather is due and we should get a bit of a
pullback.
On both Tuesday and Wednesday the market gapped open above
the previous days highs. If the same occurs on Thursday, and
the ES reverses (especially if the reversal comes from the
1102.50-1104.00 area), that should set up a pullback at
least. If the ES can stay over 1098 on a dip, the upside
will remain strong. However, if that 1098 area is broken,
and not quickly reversed back to the upside, then pressure
should be on for a decent drop. The 1089.00-1088.50 zone
should/ must hold if the market gets hit with some selling
on Thursday. If the market gets down there, and cannot turn
around and rally back, then we could see a day or so of
downside action before the market gets footing and turns
back up.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1100.00
1102.50-1104.00
1107.50-1108.00
1110.50-1112.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1098.00
1096.50-1096.00
1093.75-1093.00
1089.00-1088.50
1086.75-1086.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1812.50
1816.50-1817.00
1821.50-1822.50
1828.00-1829.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1809.59
1807.00-1806.50
1803.25-1802.25
1795.25-1794.50
1792.50-1791.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10302
10335-10342
10378-10383
10402-10407
March 2010 Dow futures support
symbols: emini = ymh0
10289
10280-10277
10257-10252
10204-10200
10182-10179
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
TradeStalker's
R.B.I. Trader's Update
2 / 17 / 2010
(Published Since 1996)
...............................................
Dateline: 6:04 pm eastern time, 2/17/2010
The gap up open reversed from the 1097.75-1098.50 resistance
on the ES and it pulled back 3.50 points to 1094.50 before
bouncing. Then, the 2-sided action we expected was evident.
The short side on the pops over 1098 were the better
reward/risk opportunities for scalps as the back-and-forth
action was in play all day. The market did avoid a break-
down however by holding 1096 and rallying back to make a
token new high at the close.
On Thursday we get Initial Claims and PPI before the open,
and then the Leading Indicators and Philly Fed releases at
10 am. While the intermediate term internal gauges have
firmed up, the short term internal gauges are now very
overbought nearly across the board. The Vix dropped to be
more than 10% under its 10 day average close. If the Vix
drops early on Thursday, and then reverses back up, that
should signal the start of a decent pullback. Unless this
move is in the early stage of heading towards or through the
yearly highs, a breather is due and we should get a bit of a
pullback.
On both Tuesday and Wednesday the market gapped open above
the previous days highs. If the same occurs on Thursday, and
the ES reverses (especially if the reversal comes from the
1102.50-1104.00 area), that should set up a pullback at
least. If the ES can stay over 1098 on a dip, the upside
will remain strong. However, if that 1098 area is broken,
and not quickly reversed back to the upside, then pressure
should be on for a decent drop. The 1089.00-1088.50 zone
should/ must hold if the market gets hit with some selling
on Thursday. If the market gets down there, and cannot turn
around and rally back, then we could see a day or so of
downside action before the market gets footing and turns
back up.
March 2010 SP futures resistance
symbols: emini = esh0 / big contract =sph0
1100.00
1102.50-1104.00
1107.50-1108.00
1110.50-1112.00
March 2010 SP futures support
symbols: emini = esh0 / big contract =sph0
1098.00
1096.50-1096.00
1093.75-1093.00
1089.00-1088.50
1086.75-1086.25
March 2010 Nasdaq futures resistance
symbols: emini = nqh0 / big contract = ndh0
1812.50
1816.50-1817.00
1821.50-1822.50
1828.00-1829.00
March 2010 Nasdaq futures support
symbols: emini = nqh0 / big contract = ndh0
1809.59
1807.00-1806.50
1803.25-1802.25
1795.25-1794.50
1792.50-1791.50
March 2010 Dow futures resistance
symbols: emini = ymh0
10302
10335-10342
10378-10383
10402-10407
March 2010 Dow futures support
symbols: emini = ymh0
10289
10280-10277
10257-10252
10204-10200
10182-10179
CLICK HERE for FREE Trading Articles and Videos!
Good Trading,
Mike Reed
TradeStalker.com
Copyright (c) 2010 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
www.TradeStalker.com
PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
*************************************************
Today's Trading Recap: 02/17/10
HOW OUR DAY WENT:
The gap up open reversed from the
1097.75-1098.50 resistance on the ES and it pulled back 3.50
points to 1094.50 before bouncing. Then, the 2-sided action
we expected was evident. The short side on the pops over 1098
were the better reward/risk opportunities for scalps as the
back-and-forth action was in play all day.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
The gap up open reversed from the
1097.75-1098.50 resistance on the ES and it pulled back 3.50
points to 1094.50 before bouncing. Then, the 2-sided action
we expected was evident. The short side on the pops over 1098
were the better reward/risk opportunities for scalps as the
back-and-forth action was in play all day.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
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