Dr. Copper's brother -- perfect test of HS neckline.
Getting hammered today. In the last big global sell-off
-- 2008, copper and coal were harbingers back then. Copper is
awfully weak -- it appears this coal index is weaker.
someone more sophisticated with trading vehicles might be able
to elaborate on shorting the coal index. A decent proxy might
by SMN which is a 2x short of the IYM (materials sector). IYM
getting crushed today (down 3.3% today).
Dr. Coal
Posted by kalinm on 17th of Oct 2011 at 12:45 pm
Dr. Copper's brother -- perfect test of HS neckline. Getting hammered today. In the last big global sell-off -- 2008, copper and coal were harbingers back then. Copper is awfully weak -- it appears this coal index is weaker.
Dr. Coal
Posted by mdundon on 17th of Oct 2011 at 01:06 pm
That is a lovely Kalinm and like corresponding VIX as well! The SPX MAs are work of ART!
Mary Ann
Coal
Posted by alseq on 17th of Oct 2011 at 01:03 pm
What is your preferred instrument to play coal
Tx in advance
Cheers
someone more sophisticated with trading
Posted by kalinm on 17th of Oct 2011 at 01:09 pm
someone more sophisticated with trading vehicles might be able to elaborate on shorting the coal index. A decent proxy might by SMN which is a 2x short of the IYM (materials sector). IYM getting crushed today (down 3.3% today).
there is also KOL etf
Posted by jdaswani on 17th of Oct 2011 at 01:11 pm
there is also KOL etf
Nice Chart. Thanks Kalinm
Posted by jambo1 on 17th of Oct 2011 at 12:50 pm
Nice Chart. Thanks Kalinm