There is a loose correlation. Just look at it on a chart.
I declare that it is now time to trade Solar: CSUN
- Thread starter michaelscott
- Start date
What chart? Now is the time to pull up your TA and give us examples.
Only 3% of the US power stack is in petroleum, basically nothing. Natural gas is far more important as a bellweather for domestic power gen and solar.
I only tell you this so you don't get too excited about oil being the catalyst for solar. Natty will have it's day soon, but we are looking at a glut there this cycle.
I only tell you this so you don't get too excited about oil being the catalyst for solar. Natty will have it's day soon, but we are looking at a glut there this cycle.
things just keep getting better and better.
up about 8+ points on LDK
up about 14+ with FSLR
never been any drawdown w/this trade
holding and holding strong
blackguard
up about 8+ points on LDK
up about 14+ with FSLR
never been any drawdown w/this trade
holding and holding strong
blackguard
All of the solar plays are up nicely. CSUN appears to be struggling slightly, although, it is higher. At one point in the day it was down, but lets focus on what is up today:
JASO- 6+%
FSLR- 5+%
STP- 3.54%
ESLR- 4.95%
SOLF- 6.97%
CSUN- 1.31%
csiq- 6+%
SPWR- 3.16%
TSL- 6.65%
JASO- 6+%
FSLR- 5+%
STP- 3.54%
ESLR- 4.95%
SOLF- 6.97%
CSUN- 1.31%
csiq- 6+%
SPWR- 3.16%
TSL- 6.65%
Wow!!! JASO suddenly shot up 2 points right at the end.
Oil closed over $71 today. Oil powers very few power plants, but it has a psychological effect on alternative energy. When oil spikes, politicians love to place themselves behind alternative energy.
Solar is mainly subsidized by governments. So if oil plows higher into the 80s, then plenty of politicians will be willing to stand behind alternative energy plays to include solar. Alternative energy bills will have solar included in with them.
My prediction is that oil will be at $100 by the end of the year. When that happens, everyone will be screaming for politicos to do something. Alternative energy bills will be rushed through and lots of solar will be written into it.
Solar is mainly subsidized by governments. So if oil plows higher into the 80s, then plenty of politicians will be willing to stand behind alternative energy plays to include solar. Alternative energy bills will have solar included in with them.
My prediction is that oil will be at $100 by the end of the year. When that happens, everyone will be screaming for politicos to do something. Alternative energy bills will be rushed through and lots of solar will be written into it.
You forgot Wall St. crack WWAT. The best returning solar play to date.
Wow! Looks like CSUN is on Viagra this morning. Yesterday it was lagging and had me worried. Go ye ole CSUN!