Bearish SolarStocks

Claymore/MAC Global Solar Index (TAN) recently took a beating, as the major world indexes continue moving downward, along with the whole solar sector.

Most Solar Stocks had serious losses in the past week, and especially these last two days. Don't expect an upturn movement yet since most of the financial markets are having heavy losses across all sectors.

In case your still out of Solar Energy Stocks, the next weeks should present a good opportunity to buy, only if the present situation does not get worse.

S&P500 is now at it's lows for this year:



And the Claymore/MAC Global Solar Index (TAN) chart:



I've closed all of my solarstock's positions last week, and will watch out for a short term bottom in the next days. But it still is a risky time to get long in the market right now.

Labels: Bearish, solarstocks, SP500, TAN

posted by Ertai at 9:51 PM