Three ETFs to Watch in 2013

Market Vectors Coal ETF (KOL) may be close to triggering an upside breakout of a potential bottom consolidation pattern. Although not perfect, it could also be looked at as an inverse head and shoulders (H&S) pattern. Regardless, an upside breakout will provide a bullish signal and offers the first sign of a potential long-term trend reversal. The $26.33 price area is resistance of the consolidation pattern, and it has been tested as resistance about six times over the past four months.
KOL has been in a downtrend since hitting a peak of $51.87 in April 2011, and it was one of the worst performing ETFs in 2012. Support was found at $21.49 in September of last year, thereby completing a 58.6% fall off the 2011 peak.
 

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Bruce Powers, CMT, Advisor, Corporate Development, Orpheus Capitals.  Bruce has  over 20 years experience in the financial markets, including investment research and analysis, trading, corporate development, publishing, and financial training and writing. He is the co-founder of Najm Holdings Ltd. (Fractal Pathways), an auto trading strategy developer, and a trader and market strategist covering US equities, global indices, currencies and commodities. Bruce is a Chartered Market Technician (CMT) based in Dubai, United Arab Emirates (UAE), and is co-chair of the Market Technician’s Association (MTA) UAE chapter.
He writes a weekly column for the Gulf News, a leading English newspaper in the Middle East, covering the UAE stock markets from a technical analysis perspective, and also publishes a blog on US listed ETFs www.etf-portfolios.com. Bruce has been a regular weekly guest on City 7 TV in Dubai and a regular monthly guest on Emirates 24/7 TV, and is quoted in regional financial news publications such as Reuters, Arabian Business and Zawya.
Most recently, he was head of research at Trust Securities DMCC, a broker and portfolio manager in the commodity and currency markets, and was previously senior vice president at Arab Capital Markets Resource Center, where he helped launch a comprehensive English language Middle East financial portal and a financial/economic magazine.
Bruce is a member of the Finance and Banking Advisory Group at The British University in Dubai, and holds an MBA from the Eller Graduate School of Management, University of Arizona.