Solar Stocks Bouncing off Bottom - Led by Solar Seven; Solar Stocks and Market Commentary with J Peter Lynch
Solar Stocks and Market Commentary with J Peter Lynch
Point Roberts, South Salem, New York - September 2, 2010 - Investorideas.com and its green investor portal, renewableenergystocks.com publish new energy market commentary from solar contributor, J. Peter Lynch.
Solar Stocks Commentary with J Peter Lynch -
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Solar Stocks Bouncing off Bottom - Led by Solar Seven
Over the past few weeks the market has been one of those short term "trendless" markets that can drive investors crazy and make it very difficult to make money. The markets as a whole are still in a longer term down trend but one day the market drops over 100 points and the next it moves up over 200 points, but that is the recent volatility that we will have to learn to live with.
However, quietly behind the scenes the solar sector has started to come alive and a number of stocks have been showing strength and have moved above their 50 day moving averages.
As any of you longer term readers know I have always said that two of the keys to successful investing are:
- Stocks moving above (positive) their 50 day average is a good short term trading tool; and
- Looking at the relative strength of all of the solar stocks compared to the market will tell you which solar stocks are the "strongest stocks" and therefore which stocks will tend to be the leaders in the next big up move.
At the moment there are 7 solar stocks that are clearly leading the pack and are showing that they, at least for the time being, are the leaders in the group.
|Symbol ||Curr Value ||% Change since 6/1 ||%Change YTD|
|JASO ||6.33 ||36.96 ||11.0088|
|JKS ||25.36 ||145.26 ||0|
|LDK|| 7.15 ||27.45 ||1.9971|
|SOL ||9.04 ||64.96 ||89.92|
|SOLF ||10.92 ||58.26 ||43.12|
|SOLR ||8.26 ||55.26 ||48.56|
|TSL|| 27.11 ||62.82 ||0.4632|
|S&P 500|| 1080.29 ||0.89 ||-3.12|
|Dow Jones ||10269.47 ||2.45 ||-1.52|
|NASDAQ ||2176.84|| -2.05 ||-4.07|
As you can see all of the "solar seven" have done extremely well since June 1 2010 and are even up for the year to date. These are the leaders and these are the ones to watch because the market is telling us that they will "most likely" be the leaders in the next stage.
Note: JKS is 0 in the year to date column because it is a recent IPO
Mr. Lynch has worked, for 33 years as a Wall Street security analyst, an independent security analyst an investment banker and private investor in small emerging technology companies. He has been actively involved in following developments in the renewable energy sector since 1977 and is regarded as an expert in this field. He was the contributing editor for 17 years to the Photovoltaic Insider Report, the leading publication in PV that was directed at industrial subscribers, such as major energy companies, utilities and governments around the world. He is currently a private investor and advisor to a number of companies. He can be reached via e-mail at: SOLARJPL@aol.com. Please visit his website for the promotion of solar energy - www.sunseries.net
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Disclaimer: The views and opinions expressed in the research published are those of the individual companies and writers and not necessarily those of Investorideas.com® or any of the industry sector portals. At the time of publication, writers may hold positions in the stocks or companies mentioned.
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