DailyMarkets.com - S&P 500 Technical Chart Analysis: Powerful Wave 3 Bull Market Rally Not Over Yet

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• S&P 500 Technical Chart Analysis: Powerful Wave 3 Bull Market Rally Not Over Yet
• Bullish Volume In Natural Gas ETF
• Forex – EUR/JPY Down In Asian Trade
• Forex – GBP/JPY Down In Asian Trading Hours
• Forex – NZD/USD Up During The Asian Session
• A Tale Of Crudes: Anybody Got A Big Rig?
• Seattle Times Editorial Board Says “Legalize It”

S&P 500 Technical Chart Analysis: Powerful Wave 3 Bull Market Rally Not Over Yet Posted: 20 Feb 2011 06:06 PM PST SPX Chart Analysis The very long term monthly exponential moving averages will be in full bull market alignment as soon as the 20 moves above the 50, which appears to be imminent. The weekly chart has already moved into full bull market alignment with a bull cross of the 50 over the 200 a month ago. The daily chart shows a probable Wave 3 rally off the July 2010 bottom. Evidence strongly points to this move as a Wave 3 impulsive bull move and not a C wave corrective. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bullish Volume In Natural Gas ETF Posted: 20 Feb 2011 06:01 PM PST Well dear readers, your favorite blogger (for those of you who are new to the blog and don’t know it yet, that’s me ;) is back after getting married. Having been out of touch from the markets for a while, I started by doing an industry scan to get an idea of the broader picture and see which industries were setting up well. That’s how I came across the following chart, which I admit has snuck up on me. Natural gas index has been in a sweet uptrend ever since it bottomed in August and has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down In Asian Trade Posted: 20 Feb 2011 05:00 PM PST Forex Pros – The Euro was lower against the Japanese Yen on Monday. EUR/JPY was trading at 113.83, down 0.06% at time of writing. The pair was likely to find support at 112.95, Friday's low, and resistance at 114.03, Monday's high. Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.01% to hit 1.3695 and EUR/GBP rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Down In Asian Trading Hours Posted: 20 Feb 2011 03:55 PM PST Forex Pros – The British Pound was lower against the Japanese Yen on Sunday. GBP/JPY was trading at 135.06, down 0.11% at time of writing. The pair was likely to find support at 133.56, Tuesday's low, and resistance at 135.50, Friday's high. Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.02% to hit 1.6249 and EUR/GBP rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The Asian Session Posted: 20 Feb 2011 02:50 PM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Sunday. NZD/USD was trading at 0.7628, up 0.14% at time of writing. The pair was likely to find support at 0.7504, Tuesday's low, and resistance at 0.7657, Friday's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.20% to hit 1.3295 and EUR/NZD falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Tale Of Crudes: Anybody Got A Big Rig? Posted: 20 Feb 2011 02:00 PM PST On Wednesday, Feb. 16 Israel said Iran is sending two warships into the Suez Canal on way to Syria, and that the action is considered a "provocation."  Due to the long history of bad blood between Israel and Iran, this very possible scenario was enough to even send the bear-infested NYMEX crude oil futures volume surging midday.  West Texas Intermediate (NYSE:WTI) on Nymex rose to just below $85, while Brent crude on the ICE futures exchange spiked $2.17 higher to $103.81 a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Seattle Times Editorial Board Says “Legalize It” Posted: 20 Feb 2011 01:13 PM PST “Prohibition has not worked. It might work in North Korea. But in America, prohibition is the pursuit of the impossible.  Marijuana should be legalized, regulated and taxed. The push to repeal federal prohibition should come from the states, and it should begin with the state of Washington.” Read more … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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