Does Coal Have Farther to Fall?
Click to Expand
What's amazing about coal here is according to our database, the coal sector has 53% of its total analyst ratings a "buy". That isn't the highest sector, but sure isn't the lowest. To me it says this sector looks weak technically and way too many are still trying to pick a bottom. Fade it for lower prices is my take.
One thing to keep in mind when looking at the individual components that make up KOL are the enormous increases in short interest during the past 6 months. For instance, the two biggest weightings that make up the KOL etf are BTU and CNX, with a 200 percent and 100 percent increase in short interest respectively during the past 6 months.
From an option Open Interest sentiment perspective, KOL has a "call wall" immediately above share price concurrent with the declining technicals. In fact, Call Open Interest outweighs Put Open Interest by about seven-to-one and is close to being the most lopsided readings of the year http://www.schaeffersresearch.com/streetools/indicators/open_interest_configuration.aspx?TICKER=KOL
The Case for Big Moves in IWM and QQQ
Why OIH Is Finding Key Support at $52
A Phenomenon Worth Watching in 10-Year Yields
Why Bulls Need to Watch SPX 1,880
Global X Social Media ETF (SOCL) Tests Key Chart Levels
Recent XIV Action May Bode Well for Bulls
Why LinkedIn's Trendline Breach Could Be a Buy Signal
9 Levels to Watch for Apple Inc.
Keep an Eye on Twitter Around $40
Has SPDR Gold Trust Found a Short-Term Floor?
Why We Probably Haven't Seen the Last of RUT 1,100
Another Reason to Watch Dow 15,000
Why TLT Traders Should Heed Round-Number Returns
For Bonds, the Bottom Could Soon Fall Out
SPDR Gold Trust Rally Runs Into Resistance
Mid-Caps Nearing a Triple of March 2009 Lows
'Huge' Doesn't Begin to Describe S&P 1,550
Grading Stocks, Bonds, and Gold
Apple's One-Year Return Swings Into the Red
Is LinkedIn Poised for a Breakout?
Why $500 is the Apple Level to Watch Right Now
Fiscal-Cliff Whispers Spark SPX Fits and Starts
Time to Short Oil-Services Stocks?
After Two-Day Swoon, Where Will SPY Find Support?
A Breakout No One is Talking About
Options Indicator Flashes Potential Buy Signal
Ways to Hedge on Apple (AAPL) Before Earnings
LinkedIn: The Uncommon Trendline We're Watching
Two Speed Bumps for Builders
LinkedIn Looks to Challenge Looming Resistance
A Post-Earnings Reality Check on General Electric
Two Valuable Investing Lessons from the Homebuilders ETF
Is Bank of America Poised for Another Leg Lower?
The New VIX Resistance Level to Watch
Why 2,200 Matters for the EURO STOXX 50
The SPDR Gold Trust ETF (GLD) Languishes Below a Key Trendline
Shorts Could Drive the Next Move in SLV
Two Takes on Research In Motion: Daily
Two Takes on Research In Motion: Intraday
SPDR Gold Trust Stares Down a Technical Sticking Point
A Hidden Resistance Level for JPMorgan Chase
Featured Partners: AOL DailyFinance
© 2015 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: email@example.com
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.