{"id":60151,"date":"2012-06-26T10:44:03","date_gmt":"2012-06-26T00:44:03","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/06\/26\/us-equities-and-oil-may-bounce-but-not-gold\/"},"modified":"2012-06-26T10:44:03","modified_gmt":"2012-06-26T00:44:03","slug":"us-equities-and-oil-may-bounce-but-not-gold","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/06\/26\/us-equities-and-oil-may-bounce-but-not-gold\/","title":{"rendered":"US Equities and Oil May Bounce, But Not Gold"},"content":{"rendered":"

\n\tFNArena<\/span> has added another video to its Investors Education section on the website. This week, ATW's<\/span> Jerry Simmons sees possible support emerging for US stock future indices (implying strength for equities) and oil, while sounding a cautionary note for gold.<\/p>\n

\n\tAs of Friday Jerry notes the S&P 500 E-mini futures index was holding within the recent resistance zone post Thursday’s fall. He wants to see a sustained push past 1340-1343 before he calls a reversal, but notes that level of resistance has not been broken over the past 3 weeks.<\/p>\n

\n\tThe first step would be a breakout past 1332, with a rise above 1337-1340 being be the next resistance level that would need to be passed before a reversal is likely. He sees the uptrend continuing for now, noting a drop below 1295 area would be needed to establish a genuine downtrend.<\/p>\n

\n\tFor gold, he see the hard times continuing, as he see the possibility that a breakout to the downside happened last week. Jerry advises caution, as he notes the indicator was an inside bar, which is less reliable as a directional indicator.<\/p>\n

\n\tFor light crude oil, Jerry sees the possibility of a decline to 73.50-75.00 as part of a 5-wave move that is in progress. From there, he thinks the odds have moved in favour<\/span> of higher prices, although a push mast 79.62 on the daily, or 86.50 on the weekly will be needed for confirmation. This could happen as early as this week.<\/p>\n

\n\tTo view the ATW<\/span><\/span> Strategic Prep Video click HERE<\/a> or visit the FNArena<\/span><\/span> Investors Education section of the website<\/span>.<\/p>\n

\n\tHere's the direct link: http:\/\/www.fnarena.com\/index2.cfm?type=dsp_front_videos<\/span>&vid<\/span>=89<\/a><\/p>\n

\n\tAll views expressed are Jerry Simmons's, not FNArena's<\/span> (see our disclaimer).<\/p>\n

\n\tJerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme<\/span> within the education system at New York based Advanced Trading Workshop (ATW<\/span>).<\/p>\n

\n\tFNArena<\/span> 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<\/span>.<\/p>\n

\n\tThe above mentioned videos can be accessed via the FNArena<\/span> Investor Education section at http:\/\/www.fnarena.com\/index4.cfm?type=dsp_front_videos<\/span>)<\/p>\n

\n\tFind out why FNArena<\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

ATW’s Jerry Simmons sees possible support for US equities and oil, while suggesting caution for gold.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[24,22,26],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60151"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=60151"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60151\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=60151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=60151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=60151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}