Futures are down a little this AM, as international markets and international futures are down also. This is reflected in The Dow World Index, which is down –0.59% as of 7:27 AM.
On today’s Economic Calendar, we have the Producer Price Index at 8:30 AM, and Industrial Production at 9:15 AM. Neither of these is expected [...]

Pre-Market:
Today looks up, as the SPX turned a white candlestick on Friday, fooling my forecast for a bearish day. The candlesticks forecast on 11/12/09 close was bearish, but we finished up for the day Friday. Today the forecast is bullish with a 50 count bullish engulfing patterns to 18 bearish engulfing patterns ratio.
The McClellan Oscillators [...]

Pre-Market:
Futures currently positive at 8:13 AM, but today looks bearish to me. I’m particularly concerned about what looks like a topping process in the $SPX (See the chart below):

I could see as a possibility a pullback in the SPX to the 20 day moving or 50 day moving average range (the blue and red trend [...]

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S&P500 Index -60 min- range breaks often lead to fast moves- would expect a bounce- possibly finding a lower high
daily- trend lines were made to be broken- lots of support on multiple time frames above July low
S&P500 Index – weekly- H&S target still very [...]

Nightly late-night chart review sessions on twitter and Chart.ly.  Follow me on twitter@theEquilibrium.
Amazon.com, Inc. (NASDAQ) – daily- working chart- rising wedge, but holding a range above 94.50 breakout level
Amazon.com, Inc. (NASDAQ) – long term weekly- working chart- looking to break above 9 year trend line
Research In Motion Limited (USA) (NASDAQ)‎ - daily- working chart- this chart has [...]

Nightly late-night chart review sessions on twitter and Chart.ly.  Follow me on twitter@theEquilibrium.
Nasdaq Composite Index – monthly -only 1.8% below 50monthSMA and 3.4% below 61.8% Fib – seems determined to test both
S&P500 Index – monthly- cleared the 20monthSMA and 1080 res.- next major MA is the 50month at 1250-ish”
S&P500 Index – 60 min- still in up-channel [...]

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S&P500 Index – quick notes on the weekly chart

Nightly late-night chart review sessions on twitter and Chart.ly.  Follow me on twitter@theEquilibrium.
S&P500 Index – simple SPX v. NAZ line chart with notes, showing NAZ leading SPX moves: NAZ = dashed green
Google Inc. (NASDAQ)‎ - weekly- AH coming into strong resistance less than 2% from 61.8% Fib – RSI getting “lofty”

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Consumer Discretionary SPDR (ETF) (NYSE) – weekly- just above Jan. ‘08 resistance on trend line bounce- double bottom target at 30-is
Consumer Discretionary SPDR (ETF) (NYSE) – daily- channeling up on neg. divergences-testing recent high of 28- break could reach top trend line
Materials SPDR (ETF) [...]

Nightly late-night chart review sessions on twitter and Chart.ly.  Follow me on twitter@theEquilibrium.
S&P500 Index – weekly flip chart- touched ‘downtrend’ line- can still ‘drop’ to 1250 and 200weekSMA