This morning, all of the leading coal stocks are coming under heavy selling pressure. Many traders and investors know that President Obama is committed to clean alternative energy technologies which are causing a sharp decline in most traditional energy stocks today. The coal sector is getting hit very hard today. The Market Vectors Coal ETF (KOL) is declining by $1.22 to $24.65 a share. Short term traders can watch for intra-day support around the $24.54, and $24.00 levels. The daily chart of the KOL should have near term support around the $23.45 area. 
A few other coal plays that are tumbling lower today include Peabody Energy Corp. (BTU), Alpha Natural Resources Inc. (ANR), and Arch Coal Inc. (ACI) to name a few. All of these stocks could see intra-day bounces should the U.S. Dollar Index decline throughout the trading session.
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Coal Stocks Getting Smoked
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