Betting Top Two Pair

Regarding equities traded in America, both JOY and TCK are a pair of the top components in the KOL ETF. Most people regard KOL as the exclusive "coal" sector ETF, but the holdings are actually much more diverse. 

And when we consider the JOY and TCK charts, this top two pair has undertaken a great task in healing multi-year downtrends, steady improving in 2016. 

JOY is recovering well from its Brexit selling. And TCK is a name we have played a few times inside Market Chess Subscription Services, always keeping tabs on its progress. On the updated daily chart, below, note the continued progress above the cup and handle bullish breakout the stock previously saw. 

Given the extremely benign consolidation that precious miners have seen thus far, I suspect the entire metals and mining complex may have a steady bid underneath it going forward, as more fund managers recognize the distinct possibility of major bear market bottoms in place.