Wednesday, March 27, 2013

TAN - Guggenheim Solar ETF Update

After SunTech Power's downfall the Solar ETF TAN needs a chart update:


The trend still looks negative but look for some support around the 15/16 dollar mark.

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Monday, February 25, 2013

TAN - Guggenheim Solar ETF

The mid-term uptrend continues with several solar stocks breaking out after a bearish market that lasted several years.

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Wednesday, July 07, 2010

Claymore/MAC Global Solar Index (ETF) (NYSE:TAN)

The Solar Stock ETF TAN continues upwards, alongside other titles like STP, FSLR and TSL. All still looking bullish on the short-term.

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Wednesday, June 30, 2010

Solar Reversal

After the down swing of last week, Solar Stocks are getting ready for another bullish swing. The short-term trend could get reversal in the next few days, and the Solar Stock ETF TAN looks like this:

Claymore/MAC Global Solar Index (ETF) (NYSE:TAN)


The higher lows could also mean a medium-term trend change.

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Thursday, June 24, 2010

The TAN, Solar Stock ETF

The rally of these last weeks is over, but how long the bearish swing will last?

Claymore/MAC Global Solar Index (ETF) (NYSE:TAN):

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Wednesday, June 09, 2010

Solar ETF TAN

Markets seem to be rebounding today.

The Solar Stock ETF (Claymore/MAC Global Solar Index) (TAN) represents the solar stocks industry and seems to be Bullish on the very short term:



Only time will tell if the Bulls get the upper hand. We might have a double bottom pattern forming.

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Wednesday, May 26, 2010

Solar Stocks Gapping Up

The market should open today with a decent Gap Up.

Let's see how far the Bulls will go. Many solar stocks are gapping more than 3%.
STP 3.2%
TSL 4.6%
CSIQ 2.3%

SolarFun (SOLF) reported earnings and is gaining 11% on the Pre-Market.
FIRST QUARTER 2010 HIGHLIGHTS

Total net revenues were RMB 1,475.8 million (US$216.2 million) in 1Q10, an increase of 17.8% from 4Q09 and an increase of 115.7% from 1Q09.

PV module shipments, including module processing services, reached 150.6 MW, an increase from 110.8 MW in 4Q09 and from 35.7 MW in 1Q09.

Average selling price, excluding module processing services, declined, as expected, to US$1.76 per watt in 1Q10.

Gross profit was RMB 272.5 million (US$39.9 million) and gross margin was 18.5%.


The main Solar Stock ETF looks like this, but expect a good bullish move for today:

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Monday, May 17, 2010

The State of the TAN

More Bearish moves for the solar stocks with TSL, CSIQ, YGE and STP losing more than 5% for the day.

Claymore/MAC Global Solar Index (Solar Stock ETF) is making new lows. Maybe this is the time to start buying?

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Thursday, April 22, 2010

Claymore/MAC Global Solar Index (ETF - TAN)

The most traded solar stock ETF, TAN, is one of the best ways to diversify your solar investments.

This Year's performance is still negative, and the short-term trend for these last days is still bearish, but expect a reversal soon.

The state of the TAN:

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Friday, March 26, 2010

Solar Stocks ETF

Claymore/MAC Global Solar Index (ETF) (Public, NYSE:TAN) Chart Update:

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Monday, March 15, 2010

Solar Stock ETF: TAN

After these bullish weeks the Solar Stocks seem to be facing new resistance barriers. If the S&P 500 goes down for a short-term correction move, the solar industry will probably follow. So lets see and wait for the market reaction this week:

Claymore/MAC Global Solar Index (TAN)

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Wednesday, March 03, 2010

Solar Stocks Rally

Most solar stocks are having a great day today, with many companies gaining more than 3% for today.

Some charts for today:

JA Solar Holdings Co., Ltd. (ADR) (Public, NASDAQ:JASO)


And the Solar Stock ETF shows how the whole sector bounced with the following gap:
Claymore/MAC Global Solar Index (ETF)

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Thursday, February 04, 2010

Market Concerns

Markets across the world are having one of the worst losses in a day, with Europe and US economic problems in the major headlines.

Solar stocks continue to follow:

Claymore/MAC Global Solar Index (Solar Stock ETF) Chart:

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Friday, January 15, 2010

Solar Stock ETF TAN

Claymore/MAC Global Solar Index (ETF) Update

The solar stock ETF TAN seems to be pointing down, with the recent correction across all markets. The chart seems to be pointing to a support near the $10 line near the 50 day moving average.



Most solar stocks still look bearish for the very short term, so the Bulls better keep waiting...

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Wednesday, November 25, 2009

Pre-market is up for solar stocks

Jobless data is up ahead and Solar Stocks are up in the Pre-Market about an average of 1%.

And a quick look at the Solar Stock Sector ETF TAN:
Claymore/MAC Global Solar Index


Some Suntech Power Holdings (STP) News:

Suntech's solar products in short supply

Suntech Power Holdings' (STP.NYSE) solar products are in short supply due to their premium quality, said Shi Zhengrong, company chairman and CEO.
Shi Zhengrong said that the company had about a 30 percent photovoltaic (PV) module overcapacity in the first half of this year, but that the situation has been changed since July, and production capacity cannot meet the market's demand.

According to Shi, there is no overcapacity in China's solar energy industry, but the market requires high-end and high quality products, and that Suntech has already sold all of this year's products.

Suntech had produced solar PV cells with conversion efficiencies of approximately 19 percent on mono-crystalline PV cells and 17 percent on multi-crystalline PV cells, which set the new benchmark for the highest performance multi-crystalline module, said Shi.

He also stated that solar energy will account for about 30 percent of the world's energy by 2050, and by the end of the century, the figure have risen to 70 percent. Therefore, the company remains committed to developing solar energy.

Source: TradingMarkets.com

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Wednesday, November 11, 2009

Solar Stock ETF

Solar Stock ETF TAN seems to be gaining strength, now at the bottom of the trend channel and already gaining some ground.


If the solar sector starts a new short-term rally, this stock might be the best choice if you want to remove the risk of investing in a single solar stock.

Just remember that next week we're going to see more solar stock results with Canadian Solar (CSIQ) releasing earnings on the 17th November, and Suntech Power (STP) on 19 November.

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Monday, October 19, 2009

Solar Upgrades and Downgrades


Australian firm Macquarie has made several changes to stocks in the Solar sector this morning:

upgrades Yingli Green Energy (NYSE: YGE) from Neutral to Outperform. Shares of Yingli are up 2.6% to $13.06 in the pre-market trading session.

upgrades Sunpower (Nasdaq: SPWRA) from Underperform to Neutral. The stock is up 1.3% to $32.

downgrades First Solar (Nasdaq: FSLR) from Outperform to Neutral. First Solar shares are down slightly to $147.41.

downgrades Suntech Power Holdings (NYSE: STP) from Neutral to Underperform. Shares of Suntech are down 0.13% to $14.87.

The Claymore/MAC Global Solar Index ETF (NYSE: TAN), or commonly referred to as just "the TAN", is up about 0.21% today.

Source: StreetInsider.com

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Tuesday, September 29, 2009

Solar Stocks Fall on Barron's Interview

Some Yesterday's news:
September 28, 2009 4:04 PM EDT
Most solar stocks are moving lower today even in light of crude oil which finished slightly higher this afternoon. Traders are attributing the weakness to a bearish article in Barron's over the weekend. The Claymore/MAC Global Solar Index ETF (NYSE: TAN), or the TAN, is down more than 1.2% today.

The publication did an interview with Hapoalim Securities Gordon Johnson, a noted-solar bear for quite some time now (October 2008). The analyst is currently expecting supply within the PV sector of 7.1GW for 2009 and 10.8GW for 2010. Looking at demand, Johnson is modeling for 4.3-4.5GW this year and about 6GW next year. Bottom line, "things will remain challenging for the solar companies."

Johnson believes solar stocks have recently run due to unwarranted excitement related to a recent announcement out of China that it will consider a local feed-in tariff. The analyst believes that this recent rally allows bearish investors a great entry point to short.

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Wednesday, September 16, 2009

Solar Stocks Gapping Up

Some solar stocks gapping more than 1% for today's opening:

CSIQ 2.5%
FSLR 2.0%
STP 2.0%

Commodity prices are up and the solar sector follows.
Crude Oil and Polysilicon prices can go up until the end of this year, and pulling the whole solars along.

The chart looks overbought in the short-term but the Bulls keep pushing up:

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Thursday, September 10, 2009

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.

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