Jeff Clark writes for Growth Stock Wire about his favorite energy trading indicators, and thinks that coal will be the next big trade in energy.
The (coal) index itself is consolidating, and it’ll take a move above 200 to spark a bullish uptrend. Several of the individual stocks that make up the index broke out to the upside last week. So the odds are high the index will break out as well.
We’re still bullish on oil stocks, and on just about everything else in the energy sector. The run in the coal stocks, though, is just getting started. From a risk/reward perspective, coal stocks are the next place to be.