Coal Cooks

New Highs led New Lows — 60 vs. 14.

January 09, 2024

Happy Tuesday,

The Nasdaq Composite was the only positive major index. Small-Caps stumbled -1.05%.

Consumer staples and tech led. Energy and basic materials lagged.

New Highs led New Lows — 60 vs. 14.

Ramaco Resources ($METC) is the best of the best. The coal company carried +7.54% and closed at an all-time high.

Here’s the daily chart.

And monster monthly chart.

Lucid Group ($LCID) is the worst of the worst. The EV automaker stalled -4.74% and closed at an all-time low.

Here’s the daily chart.

And weak weekly chart.

Library in the Earth

If we encounter a man of rare intellect, we should ask him what books he reads.

Ralph Waldo Emerson

Here are a few recommended readings…

Extraordinary Popular Delusions and The Madness of Crowds (Amazon)

Zen in the Art of Archery (Amazon)

Trading in the Zone (Amazon)

Thinking in Bets (Amazon)

or to participate.