Two Ways to Play: Lump of Coal for Christmas
Strengthen your portfolio in good times and bad.
From the Bull Pen: Momentum players are liking the breakout in international coal producer Peabody Energy (BTU). If you're playing along, consider setting a sell stop 2% below entry. See also the coal ETF (KOL), which has the same setup.
From the Bear Cave: The coal sector is hot so bears must step aside. But one high risk-high reward strategy is to identify sharp reversals. Consider downside entry in Alpha Natural Resources (ANR) if the stock were to quickly reverse and close below Thursday's low of $45.60. If such a move were to happen, set a 2% buy stop above entry.
For more ways to play and other trading ideas from more than 30 top market pros, take a free trial to our Buzz & Banter.
A Quick Check Around the World
Asian trading closed with the Nikkei 1.33%, India 0.74%, Hang Seng -0.17%, Shanghai 1.51%, and Taiwan 1.06%.
Across the pond, we see the FTSE 0.56%, CAC 0.73%, and DAX 0.76%
As of 8:10 AM EST, S&P Futures are trading +1.75 to 1123.75. Nasdaq Futures are +4.00 to 1872.50.
A Look at Commodities
Over in commodities, crude oil is +0.28 to 78.33 while gold is +8.60 to 1113.40 this morning. Silver is +0.17 to 17.610 and copper +0.026 to 3.320.
The dollar Index is -0.225 to 77.950.
Not much on the radar today. Click here for the full list of the week's events.
Good luck today!
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