ANR, BTU - coal miners remain very weak

Much like the energy sector stocks, the coal miners remain in collapse mode. Alpha Natural Resources (ANR), and Peabody Energy (BTU) continued to see declines, settling the day -0.4% and -2.9% respectively. A key multi-year floor - from the spring 2011 peak, is very likely close.


ANR, daily

BTU, daily

Summary

*there something of a latter day recovery - more so in ANR, but overall, the broader trend remains very bearish.
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The coal miners remain weak on the daily charts, but when seen on the larger time frame.... the fall from spring 2011 is incredibly severe.

ANR, monthly

BTU, monthly

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I am VERY dubious that a few of the smaller listed miners - such as ANR, ACI, and WLT, will be around for more than another year or two.

However, BTU - along with CNX, are sure to survive, no matter how bad the economy gets across the next 2-6 years.

*I will strongly consider picking up BTU in the late spring/early summer. Original 'collapse' target of $5... almost there.