State of the TAN (Solar Stock ETF)

After the recent rally, Solar Stocks now seem to be slowing down, and we could be close to the start of a Down-Swing.



Claymore/MAC Global Solar Index (ETF) is a good Benchmark for the whole Solar Stock Sector. This ETF should find a resistance near the $10 mark, with the mid-term trend still down since the last top in June.

Many of the Solar Stocks are still positive for today and I will remain Bullish until we see a reversal flag on the daily chart.

Labels: Bullish, Global Solar Index, solar charts, solar ETF, Solar Stocks

posted by Ertai at 10:49 AM