Looking at Coal Stocks for Next Trade

Congrats for those who bought SIRI (wish I had it), congrats for those who bought CENX and still have the shares not taken away in a mini flash crash (like mine). I'm moving on, and I'm thinking coal.

Why? Because it looks like one of the last remaining commodities that haven't broken out. The other one is crude oil, but at least I've caught the last week's big move with UCO calls (sold half today).

I'm looking at the charts for:

MEE (Massey Energy)
ANR (Alpha Natural Resources)
PCX (Patriot Coal)
BTU (Peabody)
ACI (Arch Coal)

BTU and ACI look strong, and may be doing the triple top breakout on the 3-year weekly chart. MEE, ANR, PCX all look alike, and they are still basing.

BUCY (Bucyrus) looks ready for double top breakout, too, on the weekly. It actually looks like a very deep cup and handle, with the handle part itself is a cup. Its competitor, JOYG (Joy Global), has already broke out.

Fundamental reason for coal? The world may be entering "global cooling", not "warming". We may need more carbon in the air to keep the planet warm...

I am also looking at uranium companies, for the same reason. In severe cold, wind and solar just don't cut it. USU (Usec) seems to be forming a symmetrical triangle after wild moves.

As usual, do your own DD.