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Coal stocks continue to act impressively here, with high beta names like JRCC exploding to the upside and outperforming an otherwise bullish tape. In addition to the action in the small cap and transportation stocks, I believe the bullish performance of the coal sector is yet another confirmation of the continuation higher out of the November consolidation.
Over two weeks ago inside 12631, I alerted members to this very notion. The video below was recorded and uploaded on November 19th. Going forward, I would continue to look at how the coal sector is behaving as a good gauge of global risk appetite (think first two quarters of 2008).
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[youtube:http://www.youtube.com/watch?v=Odp8IyWSdaU&feature=player_embedded 450 300]r
from newsbot
http://www.businessweek.com/news/2010-12-05/riversdale-says-rio-made-a-3-5-billion-initial-offer.html
Bought some ERTS for Christmas.