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All the major indexes and sectors are down sharply today, but one corner of the market remains in the green: solar energy.
First Solar (FSLR) helped kick off the rally with strong quarterly results last night. However the bigger story is the shift toward green energy and ESG investing, which has made the group this year’s top performer. See: Invesco Solar Energy ETF (TAN).
Other names to watch include:
Momentum traders may want to additionally look at the steep pullbacks in these Chinese issues:
Regional banks had a big surge in late 2023. Now, after a period of consolidation, some traders may expect further gains. The first pattern on today’s chart of the SPDR S&P Regional Banking ETF is the falling trendline along the highs of January and early March....
Palantir Technologies has advanced as investors embrace AI and non-government customers embrace its products. Is its current pullback offering an opportunity? The first pattern on today’s chart is the pair of rallies after the last two quarterly reports. Those may...
Downloads are available here. TradeStation’s ideas on TradingView are available here. Register for Market Trends here. Sizing Up the S&P 500 Potential short-term range on S&P 500: 5057: 2/27 low 5127: 3/4 low of 5127 Potential "shooting star" on...