As $AMZN has recently ripped to new all-time highs after a post earnings explosion, it is worth a closer look on multiple time frames to see if the move is sustainable.  Let’s begin with the monthly chart:

I have posted this chart many times over the past few months, noting how significant a break above the [...]

Nasdaq Composite, Apple Inc, Google Inc, Amazon.com Inc, Research In Motion Limited Weekly Charts With Fibonacci Retracements September 13, 2009
The weekend is a great time to go over the weekly charts for the upcoming week of trading. Even if you day trade it is imperative to get outside the smaller time frames and see what [...]

Nightly late-night chart review sessions on twitter and Chart.ly.  Follow me on twitter @theEquilibrium.
Amazon.com, Inc. (NASDAQ) – trying to break primary weekly downtrend res.- may run near top of channel – tho watch doji on daily

American Express Company (NYSE) – daily: pulling back to 62.8% Fib and new support at 28.50-ish – watch possible MACD [...]

Equities Edition
Week of July 20-24, 2009
CAPITAL MARKETS COMMENT
What a week for the equity markets. Global equity indices skyrocketed higher last week, with both the broad market S&P 500 index and the S&P/TSX Composite index gaining more than 6% — the greatest one-week gain in global equity markets since they “bottomed” in early March.
The gains were [...]

With the market-leading Nasdaq grasping to hold onto its 200dayEMA, let’s take a look at one of tech’s most popular and most influential names – AAPL.
Starting with the weekly:

AAPL has recently bumped up against its primary downtrend line twice and retreated.  This downtrend resistance, coupled with a confluence of Fibonacci resistance, will make the 145-149 [...]

Nightly late-night chart review sessions on twitter and Chart.ly.  Follow me on twitter @theEquilibrium.
Apple Inc. (NASDAQ) – weekly- just under strong confluence of resistance:major downtrend line+Fib- @WeeklyTA @stevenplace

China Petroleum & Chemical Corp. (ADR) (NYSE) – stuck in a big range- watch steep uptrend line for short term moves

PetroChina Company Limited (ADR) (NYSE) – bounced on [...]

For my Energy and Capital article last week, I explained the importance of Interior Secretary Ken Salazar’s new initiative to streamline the approval process for utility scale solar power plants, and looked at some of the exciting projects now under way.
Publishing note: You may have noticed that I am now reposting my Energy and Capital [...]

Let’s examine the Nasdaq composite in three critical time frames: weekly, daily, and 30 minute.  Starting with the weekly, the Naz still looks bullish. The market-leading index plotted a hammer above major support this week, and RSI is still well above 50. The only reason for pause is the overbought condition of the slow stochastics.

The [...]

Today’s Market Commentary Wednesday June 17, 2009
I have a quick errand to run this am so I will leave you with David Elliott’s thoughts.
Per David Elliott of www.wallstreetteachers.com :
“Today I am looking for some kind of bounce with our support levels here or nearby.
The McClellan Oscillator T2106 is in an area of giving an up day [...]