SPWR — Cup Forming

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.

* 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?
Waiting for that breakout,
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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