Stay Focused on the Trend

The indices are trading down from bear flag patterns over the past two days. The market looks flat this morning. Trade the trend of stock or ETF that you are trading. Coal sector continues to trend up: KOL, CNX, BTU, MEE Basic Materials: X had a bullish engulfing pattern yesterday. SCHN broke through resistance on Wednesday, we'll be watching to see if the price follows through or pulls back on any market weakness. If the breakout holds the chart pattern price target is 115.