DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, 12 RETECH CORPORATION, GENERAL ELECTRIC COMPANY COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
ON THESE TWO CARBON PRODUCTS WE HAVE MASSIVE GAP IN CORRELATED ASSETS
GAP IS CURRENTLY AT 32 %
ITS WORTH CONSIDERING
See our brief thesis as to why we have this on lookout.
Coal (here shown as KOL, that is, its ETF) seems to be forming an ascending triangle. Now it is approaching support so you may consider buying if it bounces off (or wait until it breaches the support if you are more conservative).
KOL Absolute 030617
KOL Relative 010317
KOL Relative 123016
KOL Relativbe 123016
KOL Absolute 123016
KOL - Short the coal into 2017
Even though it is weak, shorting is tough simply because so many coal related stocks have enormous short floats which can lead to an unexpected sharp rally at any time, taking out your stops quickly.
Their are plenty downside gaps noted in the chart above as targets below the 78.6 Fib retracement from the March 2009 lows to the March 2011 highs.
For long term ...
I know coal is hate, but the chart is setting up to attempt a leg higher. Though equities appear to be changing trend downward, KOL looks to have put in it's bottom and could hold up well through the volatility. 61.8 retracement and price target coincide as shown on the chart.
Call option for Dec or Jan is a cheap way to try to snag a profit, or if target's ...