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The charts and comments in my Blog (posted in Eastern Time) represent my technical analysis and observations of a variety of markets...
*World Indices *U.S. Indices *Futures *U.S. Equities & Sectors *ETFs *Commodities *Forex
...an expanded version of the "Observations" section in my private Daily Trading Journal.

*** N.B. to my readers: Although I stopped trading in July 2013, I still take a peek at the markets now and then and post the occasional article here on my Blog.
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Monday, 10 December 2012

A Lump of Coal for Christmas?

It looks like Santa may be stocking up on coal for Christmas this year.


Fire up those factories, China! We'll see if the Shanghai Index can stabilize and hold above a short-term support level of 2000, as it looks like the timing of the dip-buying (beginning from the August lows) on coal also coincided with the dip-buying on the index below.

 
Who's been naughty?