Whilst the main indexes showed some attempt at a rally today, the coal miners again showed severe weakness.
BTU, daily
ANR, daily
Summary
Peabody Energy and Alpha Natural Resources are two fine examples of the devastating state of the coal mining stocks. Of course, stocks like PCX and JRCC are in even worse shape!
There seems no likely end to the current decline, there is still a likely 20/25% further to go for the sector.
At some point, they will be incredible valuations, and great for the long term..but for now....they are merely to be watched from the sidelines.