FYI | Sep 18 2012
FNArena has added another video to its Investors Education section on the website. This week ATW's Jerry Simmons looks at US stock indices, currencies, gold, oil and gas.
Will the positive response to Fed action be lasting? asks Simmons. The Dow weekly has marked a "bellwether event" in breaking above this year's highs while the Nasdaq monthly is showing an "extremely bullish" structure.
The euro has moved into a "massive" resistance zone and we may see a pullback, while the gold weekly is showing another "runaway bull market".
West Texas crude has also hit strong resistance and may be setting for another significant move higher.
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).
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.
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