Some of the coal and steel names are trading in a parallel world right now... strong dollar be damned.  Alpha Natural Resources (ANR), in parts of 2008 our largest position, has broken over the key level of $42.25ish and you can see the computers all recognizing the pattern and a feeding frenzy has ensued.

Identical to what happened about 6 days ago when peer Walter Industries (WLT) broke over $72.50ish

The sector strength in this market remains completely random... I have no idea what story the market is trying to tell me when coal moves up with healthcare.  When utilities move up with selected retail... etc.

No positions