ANR, BTU - coal miners horror show

Whilst the broader equity market broke new historic highs, the coal miners were once again barred from the party. Alpha Natural Resources (ANR) and Peabody Energy (BTU) settled sharply lower, -7.1% and -4.9% respectively. Mid term outlook remains... dire.


ANR, daily

BTU, daily

Summary

The daily charts look horrific... but just consider the following...

ANR, monthly

BTU, monthly

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With the US Govt' maintaining an effective 'war on coal'... the sector remains under constant downward pressure. There is ZERO sign of this sector destruction coming to an end any time soon.

Other notable weakness today

Arch Coal (ACI) -5.4%
Walter Energy (WLT) -14.4%.

Both of the above look vulnerable to ending up on the pink sheets...if not worse.