Monday, October 26, 2009
A few days ago I printed out a list of stocks in the IBD Energy Other group. Looking through them, I see more weakness in solar than expected. For example, it is easy to compare the ETFs TAN vs KOL. Coal is stronger than solar, solar in a bit of a wedge that needs to resolve. There are also a number of solar companies trading below 200 day average, I might stop looking at JASO as much. Compare SOL to where JASO could go from here, right inverse shoulder could easily break.
Posted by nursebee at 8:07 AM