A quick look at coals

Going through all the charts, the coals look very messy. Some look like they are trying to form a bottom, some look like they want to head lower. The only things I would consider here are day trades, preferabbly longs on stocks that have been hit the hardest (MEE, CNX, PCX, ACI). There is nothing long term here, too volatile and unpredictable.

Coals

Energy feels like it wants to rally. My favorite sector to invest in is coal. Here are a few stocks that are oversold.

ACI

35 has proven to be support, it is now red for the year. I am long.

BTU

45 has proven to be support, it is now in the red. It can easily run up to 55.

CLF

70 is support, this stock has held up very well compared to other coals. A move to 85 looks possible. I am long.

CNX

50 is support. It is red for the year. I want to get long with strength tomorrow.

MEE

35 is support and the low end of the trendline. A run to high 40s is foreseeable.

PCX

30 is support. A move to 40 is very possible.