Welcome to Karpel’s Corner. This is where I throw out my thoughts on the markets and share some of my favorite strategies. I keep it market-focused, and never miss an opportunity to teach trading strategies and commentate on the latest trends affecting the financial markets. Hope you enjoy today’s post!
Thought it would be fun to highlight the “Death Cross” in Coal ETF, $KOL.
The ETF has been trading below the 50- and 200-day moving average. The 50-day is almost dipping below 200, the bearish death cross. Will keep an eye on this move.
On the currency side, when Yellen spoke the Euro ($XEU) broke. This break help put strength back in the buck ($UUP), which also put pressure on gold ($GLD).
Finally, retail ($XRT) has come under pressure. A break of $82.5 on the retail ETF could turn the sector bearish.
See you next time at the Corner!
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