Crude Oil retreats and Solar Stocks follow

Crude Oil reached the $73 mark yesterday and is retreating today to around $71 per barrel.

Solarstocks are in negative territory today, and could remain in the red for a couple of days, while the markets cool down from its latest Bull run.

Too see the main trend on the whole solar sector, we better look for a benchmark/index for the Solar Stocks.

There are currently two ETFs that follow the solar industry:
Market Vectors Solar Energy ETF (NYSE:KWT) from Van Eck Global


Claymore/MAC Global Solar Energy (NYSE:TAN) from Claymore Securities



Short-term trend seems to be pointing lower today
(I track the TAN ETF in this blog because of the higher liquidity)

Despite being the industry benchmark, it still is quite volatile, and while not as risky as individual solar stocks this solar ETF has doubled it's value in just 3 months, and can tumble just as fast...

Labels: ETF, Global Solar Index, KWT, MAC, Market Vectors Solar Energy ETF, solar ETF, Solar Stocks, TAN

posted by Ertai at 9:53 AM