FYI | Jul 15 2011
FNArena has added another video to its Investors Education section on the website. In this educational AV broadcast, Jerry Simmons explains how technical indicators have turned decidedly bearish for various assets and FX crosses, including Chinese equities, financial stocks, EUR/AUD and EUR/JPY.
However, it would seem US equities outside the financials remain poised for a bullish break-out to the upside. Simmons reports key price support level is bounded by two left shoulder pivots in the 1314 area (S&P500). The 1316 area would be the more significant area for a breakout, he states, adding this would qualify as an "asymmetrical bullish wedge".
Also positive looking is gold with Simmons projecting new highs, while pointing out strong technical support is located at US$1535/oz.
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: http://www.fnarena.com/index4.cfm?type=dsp_front_videos&vid=45
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW). ATW recently set up shop in Australia through the establishment of ATW Australia (since mid-2010).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at http://www.fnarena.com/index4.cfm?type=dsp_front_videos)
About ATW Australia
Founded in June 2010, ATW Australia is a “one-stop-shop for all a trader needs to succeed”: quality education for new traders, superb advanced trading education, fast unfiltered data, a world-leading trading platform, customer oriented competitive brokerage, quality ‘Made in the USA’ specialized trading computers, trading magazines, and the all-important psychological mentoring and coaching for traders. The trading educational products are provided by the Advanced Trading Workshop, Inc. in New York, all other services are provided by a network of partners that were chosen based on their superior products and services in their specific field of expertise. FNArena is one such partner.
To learn more visit www.advancedtradingworkshop.com.au.