The bottom line? Extreme winners are saying that China is the preferred country of choice for equity investments now, and that natural gas could fall as coal gets a relative bid. Independent of this, though, the breakdown in oil, silver and platinum seems to be indicating doubts over QE3's effectiveness as a way of sparking inflation. Could unlimited not be enough? At the time of publication the author had no position in any of the stocks mentioned.Follow @pensionpartnersThis article was written by an independent contributor, separate from TheStreet's regular news coverage.
In trading on Monday, shares of the Coal ETF entered into oversold territory, changing hands as low as $13.96 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.