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?
(more…)

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.

Solar on Fire

As we all know, solar stocks took off after a wonderful earnings announcement from $SPWRA on Thursday. So, what’s next?

This week will continue to prove interesting for solar stocks as the powerhouse $FSLR gets set to report earnings on Thursday ($ESLR reports, too).  A good report will obviously add fuel to the bull move, but a bad report could do quite the opposite. My plan is to be ready for either outcome. I will also focus attention on scalps between now and then, but I  anticipate a bullish sentiment unless the overall market reverses and pulls solars down.

Now to decide which solar stocks to play..

(more…)

Tags: CSIQ, CSUN, DSTI, EMKR, ENER, ESLR, JASO, LDK, SPWRA, STP, TSL, YGE

The Sun is on Fire!!!

Solar stocks have been on fire lately with the likes of LDK, DSTI, ESLR, and SOL all making huge moves over the last few days.  On Sunday, I posted that we may have a sunny week in solar stocks after healthy Friday moves from SOL, CSUN, and SPWRA.  I focused on 4 stocks that I hoped would make a move if solar continued upwards – SOLR, ESLR, FSLR, and LDK.  Well, 2 out of 4 broke out and broke out big – the other two are still trading sideways. Are they next?  Here are a few stocks I’m watching to follow the big moves we’ve seen from others:

• SOLR – still trading in a channel on very tight bollinger bands. 
  
• FSLR – still building on descending triangle.
• WFR – pulled back today, but has Full Sto and RSI14 support to go higher.

Congrats if you were part of the solar part this week.

Tags: CSUN, DSTI, ESLR, FSLR, LDK, SOL, SOLR, SPWRA, WFR