$TAN Up 17% in 2 Days!

AMEX:TAN   Invesco Solar ETF
Who says you cannot make big returns on ETF's?

TAN the Solar Sector ETF Is on fire. It looks like rotation back into the beaten-up sector. Names Like FSLR and ENPH up even more. Rather than take the risk on an individual name I have opened a ¼ sized position in this ETF. I will be looking to bring this up to a full-sized position on any consolidation.

This ETF has institutional accumulation volume going back over a month. It has regained all MAs except for the 40 Week MA in white. All shorter-term MA’s, including the 50 Day Moving Averages are turning up. My stop is set below yesterday’s low and the horizontal line of support / resistance.

Ideas not investing / trading advice. Comments always welcome. Thanks for looking.

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