Solar Stocks and MA50

Have you been on the same emotional roller coaster ride lately that I’ve been on?  You know, the one where you think you’ve figured out how to swing trade solar stocks just to get your ass kicked the next day as it spirals down to your stop loss.  The ride wasn’t even long enough to make you vomit.  Don’t get me wrong, the nice, smooth climb up from March to May was quite exhilarating with few twists and turns along the way. However, once we reached the summit, the laws of gravity quickly pulled us down through numerous hair-pin turns, drops, and loops.

Is the downward spiral finally over…at least temporarily? Ten trading days ago, most solar stocks found support and have been trending up ever since. Not a lot of attention has been made to this, but look at the daily charts from many in the industry and you’ll wish you had taken at least a small position in your favorite solar because the support was segment wide.

Now we’ve reached a new milestone. Ten days ago it was was industry wide support. Now we’re looking at resistance. More specifically, we’re looking at MA50 and a handful of solar plays banging against it WITH volume. Is it time to climb comfortably back in our seats for another smooth ride back up to May highs? Or, does big, bad MA50 have other ideas?

Here are my top MA50 resistance solar stocks that I’ll be watching Wednesday. I’ll likely pick my favorite to position long in if MA50 gets broken.

Check out these daily charts:

• Gotta start with FSLR since it is still the industry pulse..
• JASO
• SOLR
• STP
• SOLF – nice
• LDK
• ESLR
  

Tags: ESLR, FSLR, JASO, LDK, SOLF, SOLR, STP

Still Interested in Chinese Solar

Yeah, I know, solar and alternative energy stocks in general are not very sexy right now with all of the recessionary influences on this ‘pricey’ substitute to the status quo.  But, I still think solar is attractive beyond its positive environmental impact.   Chinese solar stocks in particular have captured my attention of late.

One would think with all of the negative articles surrounding the solar industry that it would be the last place you would want to put your money.  We have been, after all, in a recession all year and oil prices are WAAAY off their 2008 highs.  To the contrary.. Chinese solar stocks have been, in most part, very profitable. Check out the below chart of STP.   TSL has shot up 215% YTD,  and SOLF up 50%.

So why are Chinese solar stocks catching my attention?  Especially after not-so-hot earnings last week from SOL and JASO?
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Tags: CSIQ, FSLR, JASO, LDK, SOL, SOLF, STP, TSL, YGE

JASO Chart

$JASO is getting some chatter this morning.  Needs to break trendline for me to enter.

UIS Made the Move

I’ve been watching $UIS since last Wednesday hoping for a move through horizontal resistance out of ascending triangle. Well, today was that day. Congrats if you got a piece of the action.

Tags: UIS

Oil and Gas Setups for Monday

I really like the way many of these charts are setting up. Of course, a lot of factors will determine whether we see a move in the oil/gas sector, but here are some breakout candidates that I’ll have an eye on tomorrow..

• $DPTR, $END, $EPEX, $GEOI, $AREX, $ATPG (see this post for more details).
• @fortune8 twitted this list of many oil/nat gas stocks testing resistance levels..  my favorite specs on the list include (daily charts):
  • $BAS
  • $DVN – testing MA200 and MA50
  • $ERF – testing horizontal resistance and MA50
  • $HTE – narrow bollinger bands with potential ADX crossover
  • $NXY – Could open up with a move through 21

Tags: AREX, ATPG, BAS, DPTR, DVN, END, EPEX, ERF, GEOI, HTE, NXY