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

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

TradeStalker's

Support and Resistance Update

12 / 26 / 2010

(Published Since 1996)

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


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

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

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

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

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


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

1253.50-1254.00
1257.75-1258.50 major
1262.25-1264.00

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

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


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

2232.50-2333.50
2237.75-2238.50 major
2244.25-1246.00

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

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

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

TradeStalker's

Support and Resistance Update

12 / 21 / 2010

(Published Since 1996)

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


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

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

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

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


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


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

1252.00-1252.75
1254.50-1255.00
1257.75-1258.50


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

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


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

2238.50-2239.25
2244.00-2244.75
2250.50-2250.25


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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

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

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

TradeStalker's

Support and Resistance Update

12 / 20 / 2010

(Published Since 1996)

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


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


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

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

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



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

1243.75-1244.25
1245.75-1246.25
1247.50-1248.50


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

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


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

2226.50-2227.25
2230.00-2231.00
2238.25-2239.25


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

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


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

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

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

TradeStalker's

Support and Resistance Update

12 / 19 / 2010

(Published Since 1996)

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


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


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

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

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

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



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

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


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

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


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

2220.00-2220.50
2226.25-2227.25
2238.25-2239.25


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

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


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

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

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

TradeStalker's

Support and Resistance Update

12 / 16 / 2010

(Published Since 1996)

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


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


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

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

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




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

1239.25-1239.75 key
1142.50-1243.00 major
1247.00-1247.50


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

1238.00
1235.50-1235.00
1232.00-1231.50
1227.50-1226.50


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

2224.00-2224.75 key
2229.25-2230.25 major
2238.25-2239.25


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

2217.50
2215.50-2215.00
2209.25-2208.50
2198.00-2196.00


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

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

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

TradeStalker's

Support and Resistance Update

12 / 15 / 2010

(Published Since 1996)

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


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


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

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

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


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

1234.75-1235.25
1238.50-1239.50
1242.25-1242.50


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

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


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

2207.50-2208.00
2214.50-2215.25
2222.50-2223.50


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

2196.75-2196.00
2193.50-2192.50
2188.00-2187.50


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

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

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

TradeStalker's

Support and Resistance Update

12 / 14 / 2010

(Published Since 1996)

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


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


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

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

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

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



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

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


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

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


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

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


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

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


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

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

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

TradeStalker's

Support and Resistance Update

12 / 13 / 2010

(Published Since 1996)

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


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


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

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

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

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



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

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


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

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


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

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


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

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


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

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

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

TradeStalker's

Support and Resistance Update

12 / 12 / 2010

(Published Since 1996)

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


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


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

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

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



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

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


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

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


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

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


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

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


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

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

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

TradeStalker's

Support and Resistance Update

12 / 9 / 2010

(Published Since 1996)

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


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


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

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

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

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

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

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


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

1230.00-1230.50
1234.00-1234.50
1237.75-1238.25

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

1226.50
1224.25-1223.75
1220.25-1219.75
1217.50-1217.00

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

2201.75-2202.50
2207.50-2208.50
2212.75-2214.00

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

2196.50
2194.50-2194.00
2189.00-2188.00
2183.00-2182.00


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

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

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

TradeStalker's

Support and Resistance Update

12 / 8 / 2010

(Published Since 1996)

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


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

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

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

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

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

1230.25
1232.00-1232.50
1235.50-1236.50
1241.75-1242.50

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

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

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

2203.50
2210.50-2211.25
2216.50-2217.50
2225.75-2226.75

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

Live Trading Room: One Week FREE Trial

TradeStalker.com FREE One Week Trial of our Live Trading Room!

Next week (December 6th - December 10th) we will be having a
ONE WEEK FREE TRIAL of our NEW LIVE TRADING ROOM.

Our new trading room will be through "GoToWebinar". You WILL
be able to see Mike's charts in our new room and he will be
calling out when to enter and exit a trade. For those of you
who aren't familiar with Mike Reed, he has been trading for
more than 27 years. You can read more about Mike at our
website: http://www.tradestalker.com/


Here will be the Trading Room Schedule:
Mondays - Wednesdays - Thursdays: AUDIO from 9:30am -
11:00am, then text updates from 12:30pm - 3:00pm. (Eastern).

Tuesdays and Fridays: Text updates in the morning, then
AUDIO from 1:00pm - 3:30pm. (Eastern).

All traders are welcome to attend the free trial week.

Register Now at:
https://www3.gotomeeting.com/register/499252326

Once registered you will receive an email confirming your
registration with information you need to join the Webinar.

If you have any questions, as always, please don't hesitate
to ask.

To Your Success,

Julie
TradeStalker.com

This publication's primary focus is trading the index
futures ($ES_F)and($NQ_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)

TradeStalker's E-Mini Futures Support and Resistance Updates 11/30/10

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

TradeStalker's

Support and Resistance Update

11 / 30 / 2010

(Published Since 1996)

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

Dateline: 6:46 pm eastern time, 11/30/2010

The ES opened down almost 12 points on Tuesday and then
turned up from 1173 and rallied back to 1183.75 after about
an hour of trading. A pullback held at 1177.50 and then a
choppy trend up move took the ES to 1187.00. A 1-2-3 top was
made at that 1186-1187 zone and a drop to 1180.25 support
followed. A bounce to 1185.25 didn't stick either and the ES
dropped 10 points in the last 30 minutes to close the month
on a down note.

The intermediate term indicators, which turned bad before
this drop started, look even worse day by day. Short term, a
few indicators are getting oversold. However, the way the
market is acting, another test of the 1172-1171 area could
be in the cards. It would be the 4th test if it occurs, and
odds of breaking that on another drop would go up.

In any case, the market can not hold on to gains, and a test
of the 1172-1171 area appears to be in the cards if the
initial support is broken. A break of the 1172-1171 area on
the ES could start a mini panic drop. If we get that, and
the indicators get more oversold, then a good rally could
occur. If there is another successful test of that area,
then the bounce off of that area would need to clear the
1180.00-1180.50 area, and not quickly reverse, to avoid
being just a bounce in a downtrend with lower prices ahead.
In order to nullify this and avoid a decent drop, that
1180.00-1180.50 area needs cleared and then held on a dip
early on Wednesday.

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

1180.00-1180.50
1184.75-1185.25
1187.50-1188.25
1190.50

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

1175.50-1175.00
1172.00-1171.00
1167.75-1167.00
1164.00-1163.25

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

2117.50-2118.00
2126.25-2127.25
2131.50-2132.50
2136.50

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

2111.50-2110.50
2106.50-2104.75
2098.75-2097.50
2092.50-2090.75

Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!

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 ($ES_F)and($NQ_F). 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 E-Mini Futures Support and Resistance Updates 11/29/10

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

TradeStalker's

Support and Resistance Update

11 / 29 / 2010

(Published Since 1996)

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

Dateline: 6:06 pm eastern time, 11/29/2010

The gap down open was reversed from the 1177.75-1176.50
support zone, bounced to the 1182.50 area and failed and the
trend down resumed. The 1172.00-1171.00 zone was tested and
a bounce to 1180.00 stalled out. Another drop made it to
1173.50 where the market tried to double bottom. The bounces
couldn't clear and hold 1179 until just after 2:20 pm, and
when that was taken out the market went into trend up mode,
holding support on the way to testing the 1189.50-1190.50
zone. The bids dried up and the ES dropped 4.50 points to
1185.50 just before the close.

On Tuesday we get the Chicago PMI 15 minutes into the day
then the Consumer Confidence survey release at 10 am. We had
a successful test of the major support at the 1172-1171 area
on the ES on Monday, and a good rally in the afternoon. A
good deal of that was shorts being squeezed, but buyers did
pile on and now the ES is up against pretty good resistance.

On Tuesday look for early strength to be sold, and if the
market obliges then the first decent pullback should be
reversed to set up a trade on the long side. A pullback
should hold the initial support if the market is going to
stay strong. If that is not defended, then the 1180.25-
1179.25 zone should be key support on a deeper pullback.
That was the transition area on Monday and should be seen as
a gift by holding and reversing from that zone, or else
another trip to the 1172-1171 area is in the cards (a third
time would likely break).

**My son has an awards banquet on Tuesday night, so
a nightly update might not be doable. I'll do my
best to send the support and resistance tables and
a short note if time permits.**

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

1189.50-1190.50
1192.75-1193.25
1197.50-1198.00


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

1184.00-1183.25
1180.25-1179.25
1175.50-1175.00
1172.00-1171.00


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

2150.25-2151.00
2156.00-2156.75
2164.50-2165.50


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

2138.75-2137.75
2130.25-2128.75
2121.50-2120.50
2116.50-2114.75


Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!

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 ($ES_F)and($NQ_F). 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 E-Mini Futures Support and Resistance Updates 11/28/10

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

TradeStalker's

Support and Resistance Update

11 / 28 / 2010

(Published Since 1996)

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

Dateline: 5:36 pm eastern time, 11/28/2010

Last week was a volatile week and big moves on the open
occurred each day. The ES had a 6.25 down open on Monday, a
15.25 down open on Tuesday, a 8.50 gap up open on Wednesday,
and a 9.75 down open on Friday (from Wednesday's close). The
weakness was bought and the ES rallied to 1193.25 before
stalling out. A bounce to a lower high at 1192.50 reversed,
and the market couldn't recover at all and let loose in the
last hour to just miss our 1182.50 target at the close.

The SP500 cash has been stuck between 1200 on top and 1173
on bottom for 8 straight days now. On Friday the SP500 cash
closed about in the middle of the range, however the futures
settled well below fair value and in sell program territory.
A trip to the bottom of the range, or lower, looks to be in
the cards. The internal gauges are in bad shape, but
sentiment is now showing some fear, so how the market
handles a test of the 1172-1171 area on the ES early in the
week should be very key near term.

The trends are down again, and selling bounces should offer
the better set-ups. On Monday the market will need to get
over the 1189.50-1190.25 zone on the ES and the 2156.00-
2156.75 zone on the NQ, and not reverse, to avoid trouble.
If that happens, then the market buys more time inside of
the current trading range, and we could still test the
1197.50 area one more time. However, the initial resistance
will not be cleared, or held if poked over, if the market is
still headed to break the 1182 area on the ES.

If that 1182.50-1182.00 area is broken, and held after
breaking, then a test of the 1177.50-1176.50 zone will need
to be reversed quickly or else it's right down towards the
1172-1171 area on the ES. That is the bottom of the current
range, and just under the 50 day moving average on the SP500
cash, so it should be key for the market other than being
just the bottom of an 8 day trading range. A reversal back
up from that area could give a nice run to the upside, but
if that doesn't occur then a hold under that area could
start a panic type of move lower.

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

1186.25-1186.75
1189.50-1190.25
1192.75-1193.25
1197.50-1198.00


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

1182.50-1182.00
1177.50-1176.50
1172.00-1171.00
1167.75-1167.00


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

2149.25-2150.00
2156.00-2156.75
2160.50-2161.25
2165.50-2166.50


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

2143.75-2142.75
2137.75-2136.75
2128.25-2126.75
2120.25-2118.50

Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!

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 ($ES_F)and($NQ_F). 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 E-Mini Futures Support and Resistance Updates 11/23/10

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

TradeStalker's

Support and Resistance Update

11 / 23 / 2010

(Published Since 1996)

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

Dateline: 6:04 pm eastern time, 11/23/2010

The ES opened down 15 points on Wednesday and kept going
until reaching the 1177.50-1177.00 zone. A 6 point bounce
then failed at the 1183.00-1182.50 support turned resistance
area, and then an 8+ point drop to 1174.75 followed. A
bounce back to 1182.25 reversed and the ES dropped 5.75
points to 1176.50. A bounce then went over 1180 and turned
right back down and the futures dropped into the close.

On Wednesday there is a lot of economic data released before
the open, and then the New Home Sales number at 10 am. The
market looks to be in for trouble again unless the ES can
get over the initial resistance, and hold instead of quickly
reversing. Things have changed and a test of the 1172-1171
low area from 11/16 could be in the cards short term and
that would be a key test. The way the market is acting, if
that area is broken the downside could gather momentum.

So, if there is a pop up to the 1180 area early on Wednesday
it should set up a very good shorting opportunity. If there
is a test of 1172 and the market firms up, then a decent
short covering bounce is possible. If that does occur, it
still should have a hard time holding over 1177 if the
market is weak. Lastly, should the ES get over 1180 and
hold, instead of quickly reverse, then trends will turn
up and make a decent rally possible.

Have a great Thanksgiving Holiday! The next nightly update
will be sent on Sunday evening.

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

1180.00-1180.50
1184.25-1185.00
1187.75-1188.25


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

1177.00-1176.50
1174.50
1172.00-1171.00
1167.75-1167.00


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

2120.50-2121.75
2125.50-2126.25
2132.50-2133.50


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

2112.00-2111.50
2108.50
2104.00-2102.50
2094.25-2092.75

Click Here to Sign Up for a FREE Delayed Trial AND a BONUS,
My "Basic Guide to Support and Resistance Trading!

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 ($ES_F)and($NQ_F). 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 E-Mini Futures Support and Resistance Updates 11/22/10

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

TradeStalker's

Support and Resistance Update

11 / 22 / 2010

(Published Since 1996)

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

Dateline: 6:36 pm eastern time, 11/22/2010

The lower open was reversed and the ES went to the 1197.50
resistance area and double topped in the first 40 minutes.
The ES dropped to the 1188.50-1187.50 zone, but a bounce
stalled under the 1192.00-1192.50 updated resistance and
another drop took the ES to the 1183.00-1182.50 support
before turning up. The move broke over the 1187.50-1188.00
area and the trends changed. The market made higher highs
and lows on the way back to make token higher highs before
the close.

We get the GDP before the open on Tuesday, the Existing Home
Sales number 30 minutes into the day, and then the Fed
Minutes at 2 pm, so the volatility should continue. The ES
reached the 1205 resistance area on Sunday night and the ES
dropped 23 points to the 1182.50 low on Monday, and rallied
back 16 points so far.

The bids have been drying up just under the 1200 level on
the ES. If it is pushed through on Tuesday, and that
1204.75-1205.75 area is tested, beware of a reversal. On the
down side, the trends are up unless the 1192.50-1191.50 zone
on the ES and the 2141.00-2140.00 area on the NQ are not
defended on a pullback. If those are not held, then a test
of Monday's lows is possible.

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

1198.50-1200.00
1202.00-1202.75
1204.75-1205.75 *key
1207.75-1208.50 *strong
1212.50-1213.50 *major


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

1192.50-1191.50
1188.50-1187.50
1184.50
1182.50-1182.00


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

2155.50-2157.00
2163.50-2164.50
2168.75-2169.50 *key
2176.50-2177.50 *strong
2184.75-2185.75 *major


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

2141.00-2140.00
2131.25-2130.25
2124.00
2120.75-2119.75


CLICK HERE FOR FREE TRADING 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 ($ES_F)and($NQ_F). 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 E-Mini Futures Support and Resistance Updates 11/21/10

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

TradeStalker's

Support and Resistance Update

11 / 21 / 2010

(Published Since 1996)

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

Dateline: 5:36 pm eastern time, 11/21/2010

The market was very volatile last week. After a high on
Monday at 1205.75 on the ES, a nose dive to 1171.00
followed. The market got oversold and gave some buy signals
before the big gap up open on Thursday. The ES couldn't
break over 1199 on Thursday, and opened down on Friday. The
drop to 1187.50 got footing and turned up and a rally to the
1197.50 50% retracement was sold twice. The 1194.50 support
was held and a run to 1200.00 occurred just before the
close.

A 1-2-3 top on the daily chart was triggered on 11/9 and the
SP500 dropped to the 1172 prior breakout area. The internal
gauges were a red flag ahead of the top, and then got
oversold at the support. Now that the market has regained
about half of its losses, the sentiment has turned more
bullish at the high.

There could be more upside, but a shift in sentiment from
this area could start a drop to test or break the recent
lows. The market stair stepped higher on Friday, so the key
will be holding over 1194.50-1194.00 on a pullback. If that
area is not defended, then things will change and selling a
bounce would be in the cards. However, as long as that area
holds, the bulls are still in control and could get the ES
to the 1204.50-1205.75 area before the selling starts.


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

1200.00
1202.00-1202.75
1204.50-1205.75 *key
1207.75-1208.50 *strong
1212.50-1213.50 *major


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

1197.50
1194.50-1194.00 *key
1188.50-1187.50 *major
1183.00-1182.50
1177.50-1177.00


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

2137.00
2139.50-2140.50
2144.75-2145.00 *key
2150.50-2151.50 *strong
2167.75-2168.75 *major


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

2132.00
2126.00-2125.50 *key
2120.00-2119.25 *major
2111.00-2110.25
2101.50-2100.50

CLICK HERE FOR FREE TRADING 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 ($ES_F)and($NQ_F). 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 E-Mini Futures Support and Resistance Updates 11/17/10

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

TradeStalker's

Support and Resistance Update

11 / 17 / 2010

(Published Since 1996)

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

Dateline: 6:15 pm eastern time, 11/17/2010

We came in to Wednesday expecting a 2 sided trading day. The
ES popped up on the open then dropped to 1173.50 about 15
minutes in and reversed back up. The ES sprinted to 1182.00
then backed off. A sideways move between 1181.50 and 1178.00
lasted into late afternoon. The break of 1178.00 set the
stage for a drop, and after it broke a bounce stopped right
at that 1178.00 level for a second chance entry as the ES
dropped to 1173.75 with about 30 minutes left in trading.
The double bottom brought in buying/ short covering back to
the 1178.50 level before the close.

We get Initial Claims before the open, then the Leading
Indicators and Philly Fed at 10am on Thursday. The market is
still oversold, and the Vix gave 2 buy signals at Wednesday.
The ES also has a double bottom in place for now. As long as
the ES holds 1173.50-1173.00 zone, then a decent bounce can
still occur. However, a bounce will likely fail again unless
the ES takes out the 1178.50-1179.25 area, and then holds
that area on a pullback. If there is a move over the
1182.00-1182.50 zone, but then that is reversed, then a
decent pullback should occur and that 1178 area then would
be a key support again.


NOTE: There won't be an update on Thursday night, best
not to forget anniversaries. ;-) ALL intraday updates
will be via Instant Message on Thursday.

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

1178.50-1179.25
1182.00-1182.50
1186.25
1189.50-1190.50
1194.75-1195.75


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

1173.50
1171.00-1170.50
1167.75-1167.00
1162.50-1162.00


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

2100.00-2100.75
2108.50-2109.50
2118.75
2126.50-2127.25
2131.50-2132.25


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

2088.00
2083.50-2082.50
2077.50-2076.50
2068.25-2067.50

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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 11/16/10

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

TradeStalker's

Support and Resistance Update

11 / 16 / 2010

(Published Since 1996)

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

Dateline: 5:59 pm eastern time, 11/16/2010

The ES gapped down 7.75 points and reversed from 1184.75
just 5 minutes into trading, then popped up to 1190.00. The
first bounce was sold and the ES went trend down to the 1172
area. A double bottom lead to a bounce to 1179.25, but it
failed and a drop to 1171.00 happened with 1 hour left in
stock trading. Buying/ short covering took the market higher
into the close.

The market is deeply oversold while at a pretty key area on
the SP500. Some of the internal readings intraday on Tuesday
were at capitulation levels. The only problem is that
bounces haven't had much gusto since topping out last week.
We could get a bounce of 12-15 points on the ES but the way
the market acts, it would be sold into. We are due a decent
bounce soon, but if we get one it will then set up another
shorting opportunity.

On Wednesday look for 2-sided action, with pretty key
support near the Tuesday lows that should be reversed. On a
bounce, a move over the 1179.25-1180.50 area on the ES and
also the 2100.75-2101.50 area on the NQ would be needed to
break the downside momentum. If the ES gets through that
area, beware of a potential reversal if the 1183.50-1184.50
zone is reached and the move stalls out.


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

1179.25-1180.50
1183.50-1184.50
1189.50-1190.50
1194.75-1195.75



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

1171.00-1170.50
1167.75-1167.00
1162.50-1162.00
1158.25-1157.50


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

2100.75-2101.50
2109.50-2110.25
2118.75-2120.25
2126.50-2127.25



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

2083.50-2082.50
2077.50-2076.50
2068.25-2067.50



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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 11/15/10

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

TradeStalker's

Support and Resistance Update

11 / 15 / 2010

(Published Since 1996)

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


Dateline: 5:59 pm eastern time, 11/15/2010


The gap up open was a short after it reversed from just over
the 1202.50 resistance and dropped to 1197.25 in the first
hour. A rally to 1205.50 had a pullback, then a test of that
1205.50 level stalled out. After the ES dropped to 1199.50,
I sent an instant Message saying:

(Nov 15-14:29) mike: A bounce to 02.50-03.00 that
stalls is a good short/ re short.

The ES bounced to 1202.75 and stalled before reversing and
dropping 8 points to 1194.75 - just 1 tick over initial
support - then bounced a bit into the close.

We get the PPI before the open on Tuesday. The market was
oversold and it did start off the day with a decent rally,
however the gains could not be held. A test of last week's
lows, which are just below the Monday lows, should be seen
early on Tuesday. If they break, then a reversal back up
from around the 1188.50-1187.50 area on the ES is a must to
avoid trouble. If the market cannot get turned around from
there, which is close to the breakout area that took the ES
over 1200, then there is bigger trouble down the road.

If there is an early bounce, there is good resistance above
to sell into for a drop to test the 1192.25-1191.50 or
lower. If the 1198.50-1199.00 area is not sold on a bounce,
then the 1202.00-1202.75 area should be. There should be
plenty of longs looking to get out on a bounce, and the
volatility sure has picked up, so a stall at a resistance
zone in the early going would likely be gift on the short
side.



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

1198.50-1199.00
1202.00-1202.75
1205.75
1207.75-1208.50
1212.50-1213.50


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

1194.50
1192.25-1191.50
1188.50-1187.50
1182.50-1181.50


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

2132.75-2133.25
2139.50-2140.50
2144.75
2150.50-2151.50
2167.75-2168.75


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

2126.00
2120.00-2119.25
2111.00-2110.25
2101.50-2100.50


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

TradeStalker's E-Mini Futures Support and Resistance Updates 11/14/10

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

TradeStalker's

Support and Resistance Update

11 / 14 / 2010

(Published Since 1996)

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


Dateline: 5:36 pm eastern time, 11/14/2010


The market stalled out at the new high ground on Monday and
Tuesday, and with the ES unable to stay over the 1221 area
for very long, the risk/ reward favored the bears. A big
drop found bottom at the 1202 area on Wednesday and
Thursday, but bounces refused to stick and the internal
gauges rolled over again.

Friday's lower open held just over 1202.00-1201.75 support
zone on the ES and bounced 6.25 points to the 1208.00-
1208.50 pivotal zone, and turned right back down and sold
off 11 points. The drop met and broke the 1199 target, then
bounced to updated resistance at 1202 to re-short. A 10 point
drop to and just through the 1194-1192 zone followed. The
1206 area was new resistance, and a bounce reversed from
1196.25 and gave a 4 point drop to 1192.25. The market
firmed up a bit and the ES ran up to 1199.00, but that was
sold and the futures dropped into the close.

The top that occurred on Friday, November 5th and then
retested on Tuesday, November 9th was just under the 61.8%
retracement (from October 11th, 2007 high at 1576.09 to low
at 666.79 on March 6th, 2009). The sentiment was at overly
bullish extremes, and the internal gauges rolled over before
prices did. The drop started on Tuesday, and by Friday
afternoon met the 1193 area on the ES, which would be the
maximum retracement if the market is still bullish. That
area was broken, and now the 1183.50-1182.50 area where the
market broke out could be in the cards. If that area is not
defended, then more than a small correction is underway.

The market is short term oversold on a few indicators.
However, for now, the market will be under pressure on
Monday unless both the 1198.00-1199.00 area on the ES and
2141.50-2142.00 area on the NQ are exceeded. If that occurs,
then we could go for a test of the 1202.00-1202.50 area, but
a failure there would be likely. On the downside, the ES
ended the day in another wedge pattern and a break of the
Friday low would open the door for a test of the 1183.50-
1182.50 zone. If the market gets down there, we should get a
tradable bounce if the move stalls out or reverses back up.
If that area is not defended, or quickly reversed if broken,
then something is going on that has a pull on the market and
falling back towards the 1167 area could occur if a panic
move occurs.



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

1198.00-1199.00
1202.00-1202.50
1207.75-1208.50
1212.50-1213.50


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

1194.50
1192.25-1191.50
1188.50-1187.50
1183.50-1182.50


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

2141.50-2142.00
2149.50-2150.50
2158.50-2159.00
2167.75-2168.75


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

2133.00
2127.00-2126.50
2120.00-2119.25
2108.00-2106.50


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

REMINDER:

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

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


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


Good Trading,
Mike Reed

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

www.TradeStalker.com

PO Box 9783, Ft Wayne, IN, 46899

Disclaimer

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

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

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

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

TradeStalker's

Support and Resistance Update

11 / 11 / 2010

(Published Since 1996)

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

Dateline: 6:42 pm eastern time, 11/11/2010

The ES opened down 8.50 points lower and bounced, but the ES
held under 1207.50-1207.00 support on the bounce, and the
selling took the ES to 1202.00 (1 tick over Wednesday's
1201.75 low) before turning up. The first decent bounce
stalled out after getting to 1209.50, then a pullback found
support just above 1204 and based out before running up to
1209.00 shortly after noon. A small pullback held at 1206.00
and then a rally to the 1212.50-1213.50 prior key support
turned resistance and backed off. The pullback held at
1208.00 and then bounced into the close.

The intermediate term internal gauges tried to repair
themselves, but have rolled over again. The sentiment is
still overly bullish, and is a negative. The snap back rally
after a double bottom on the ES along with an over-reaction
by the NQ being reversed, was plus as the market stair
stepped higher throughout the day on Thursday. Still, the
market closed lower across the board. A close under 1213 on
the SP500 cash on Friday would start a 1-2-3 type top on the
daily chart.

FRIDAY...So, it looks like Friday is shaping up to be a key day short
term. We get the Michigan Sentiment sentiment report 25
minutes into trading. For now, as long as the initial
support is held, the trends are still up and a push higher
is still likely before any kind of trouble occurs. There was
an inside day on Thursday, so a move over the 1213.25 level
breaks the string of lower lows and would open the door for
another test of the 1216.50-1217.00 area again. A failure to
break/ hold that area will put the market back into trouble
and a pullback would need to hold over the 1212 on the ES
then to avoid trouble, and possibly give a 1-2-3 top on the
close.

If the initial support is not defended on Friday, then a
high should be in place and bounces will then be selling
opportunities to at least the 1204.50 area on the ES. The
1212 area would be the first good resistance if that 1208
area is broken but reversed. If broken and not quickly
reversed, then the 1204.50 area should be cut through on the
way to breaking that 1202 double bottom from Wednesday /
Thursday. A test of 1199.50-1199.00 would be likly if
1202 breaks.

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

1212.50-1213.25
1216.50-1217.00
1219.00-1219.50


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

1208.50-1208.00
1204.50-1204.00
1202.00-1201.75
1199.50-1199.00


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

2175.50-2176.50
2186.50-2187.50
2191.75-2192.50


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

2167.00-2166.00
2156.50-2155.50
2151.00-2149.75
2142.25-2140.50

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.

Good Trading,
Mike Reed

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 ($ES_F)and($NQ_F). 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.
*************************************************