GMOTruths
Long

SPWR — Cup Forming

NASDAQ:SPWR   SUNPOWER CORP
Long on good energy stocks like Sun Power.

Buy at 25.50,

Long on housing-related stocks, and that includes solar for first time home buyers and Gen X 'ers.

Patterns.
* quadruple bottom
* cup and handle bottom
* Narrowing and consolidation

Price met resistance at 27.50 and came back down. Expect it to meet this level (27.40) again soon. If it goes through that, it could make a breakout with the nearest upward resistance around 28.90.

Buy now, buy more in the orange zone. As always, watch the price of oil             . Energy sector is correlated. When oil             goes up, energy stocks go up.
Not quite as expected …… but MUCH BETTER!

SPWR, FSLR both jumped, and both may retrace some. But I sold them for the money. Will buy back when price retraces.

These two stocks are good holds for a few reasons. Younger first time homebuyers will want to use solar on their new homes. And businesses will too. What happens if entire chain stores go solar?
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Waiting for that breakout,
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Price is increasing faster than expected. Broke through resistance level, and back down. Expect a small decrease in price tomorrow, looking for higher gains.
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