PCX gave back some gains into the close but still closed positive and has continued to put in higher lows on each pullback since the entry yesterday. considering that the other two active long coal stocks/etf (ACI & KOL) still look good and even held up well into the close makes me not too concerned about that profit taking that traders and the “please let me out!” remorseful longs took on PCX towards the end of the session today. of course, anything can happen on monday, especially if the market drops and it is still waaayyyy too early to call a bottom in the coals.
i will posts some charts over the weekend and might even do a video or two. have a great weekend!!!