ANR, BTU - coal miners still broadly weak

The coal miners remain one of the most unloved sectors in the US equity market. With some moderate weakness in the broader market, Alpha Natural Resources (ANR) and Peabody Energy (BTU) settled lower by -9.7% and -4.2% respectively.


ANR, daily

BTU, daily

Summary

Little to add.

The coal miners have seen a moderate rally since the main market floored in mid October, but today's daily decline bodes badly for the rest of the week... month.. and probably into year end.
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BTU looks fine across the longer term, but ANR remains 'suspect'.. along with ACI and WLT.