Friday, June 12, 2009

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...

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Thursday, January 29, 2009

Alt-Energy: Deja Vu All Over Again

Highlighted here are the following: PowerShares WilderHill Clean Energy (PBW), Claymore/MAC Global Solar Energy (TAN), Market Vectors Solar Energy ETF (KWT), First Trust NASDAQ Clean Edge US Liquid (QCLN) or the Market Vectors Global Alternative Energy ETF (GEX).

It's deja vu all over again. The parallels and similarities between the development and evolution of the "green," alternative, renewable energy industry closely tracks that of the now more mature technology industry of prior decades. Both industries emerged with myriad small companies -- too many to be realistically successful -- all competing for market share with widely accepted products.

Both industries rely on first-to-market technological innovations. Stocks in both industries feature high volatility with seemingly daily market moving news. High-flying valuations become value stocks, and vice versa, at any time.


Continue reading at istockanalyst

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