We lost the canary in May

by Josh Coal again is the market laggard today with the average return for coal stocks weighing in at -4.2%. Market Vector’s coal ETF, $KOL broke down below it previous support channel back in late May sending shares tumbling 10% in the past few weeks. KOL is trading 2.27% lower today on heavy volume.

Mean while energy, homebuilders and REITs are again leading the stronger side of the market.

$ACI, $ANR, $BTU, $CLD, $CNX, $JRCC, $WLT, YZC

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