Tuesday, April 13, 2010
If options are your trading vehicle of choice, then you’re in luck because like almost all markets they will tend to “obey” support and resistance areas – just as the underlying stock or index does. In fact, some nice percentage gains (or losses if you aren’t disciplined enough to get out when [...]

TradeStalker’s R.B.I. Trader’s Update
2 / 17 / 2010
(Published Since 1996)
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 [...]

TradeStalker’s R.B.I. Trader’s Update
2 / 16 / 2010
(Published Since 1996)
The ES turned down from the 1085.50-1086.25 resistance shortly before stocks opened and dropped to the 1080-1079 updated support about 20 minutes into the trading day. The ES then made a double bottom at 1079.50 and the reversal set up a trade on the long side. [...]

TradeStalker’s R.B.I. Trader’s Update
2 / 10 / 2010

(Published Since 1996)
The lower open was bought on Wednesday and the ES popped up 5.75 points to 1069.75 and quickly reversed. The early game-plan worked nicely as the first bounce failed under initial resistance and then the ES dropped to 1056.25 in trend down fashion. The trend was [...]

TradeStalker’s R.B.I. Trader’s Update
1 / 28 / 2010
(Published Since 1996)
The ES opened higher then reversed from 1 tick over the 1096.75-1097.50 resistance, and it drop to the 1085.25-1084.50 support zone and bounced. The updated resistance at 1090 was rejected and the move was trend down to 1074.25 before lunch-time trading. The break / hold over [...]

TradeStalker’s R.B.I. Trader’s Update
1 / 18 / 2010

(Published Since 1996)
We came into Friday looking for the 1144.00-1143.50 zone to be key. The ES opened below that zone, bounced up to 1144.00, then reversed and dropped sharply. We locked in some profits at the 1133.00-1132.50 zone, which gave a small bounce, but the market continued to [...]

TradeStalker’s R.B.I. Trader’s Update
1 / 11 / 2010
(Published Since 1996)
The gap up open on the ES reversed from the 1146.50-1148.00 resistance zone on Monday, and the first pullback reversed after falling to 1139.25. A bounce to 1142.50 failed, and from there the ES sold off to a low at the 1137.75-1137.25 support zone. The market [...]

TradeStalker’s R.B.I. Trader’s Update
12 / 28 / 2009
(Published Since 1996)
We were expecting two-sided action on Monday and we got it. We were shorting early strength that reversed, and about 10 minutes into the day that occurred when the ES turned down from 1126.25 and broke 1124.00. The ES made its low at 1119.50, and per [...]

TradeStalker’s R.B.I. Trader’s Update
12 / 27 / 2009
(Published Since 1996)
The SP500 cash and futures finally broke out of the ranges on Wednesday. On Thursday there was a gap up open, and follow through buying took the ES up to the 1122.50-1124.00 resistance zone in the first 30 minutes. A small pullback from 1122.50 to 1119.75 [...]

TradeStalker’s R.B.I. Trader’s Update
12 / 22 / 2009
(Published Since 1996)
The resistance around the 1115 level on the ES was reversed in the first hour on Tuesday, and it fell to 1110.50 before noon. Then the 1115-1116.00 area was reiterated as resistance and the bounce reversed from 1115.25 and pulled back to 1112.00 in a small [...]

TradeStalker’s R.B.I. Trader’s Update
12 / 20 / 2009
(Published Since 1996)
On Friday the ES gave us early strength to sell, as the ES popped up to 1099.00 and then reversed. That was at the 1098.50-1099.00 resistance zone, and the market obliged by selling off. The Thursday lows were broken, but the ES reached 1088.50 (which was [...]