FYI | Aug 08 2011
FNArena has added another video to its Investors Education section on the website.
Last week, argues ATW's Jerry Simmons, various market indicators were on the brink of putting in bearish reversals. Amongst these are AUD/USD and the CRB (commodities) index. In his educational technical analysis Simmons explains why and how three to five waves down could be on the cards.
Offsetting the worrying analysis for AUD and CRB, Simmons also observes copper is actually putting some bullish indications on price charts. This could prove a surprisingly positive forward looking indicator for equities?
Gold should stay above US$1600/oz and once a break above US$1645 has been achieved, a new leg higher should commence, predicts Simmons.
Similar as with copper, Simmons believes the underlying message for crude oil is bullish, which is another positive signal for equities.
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=49
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.