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Monday, February 21, 2011

Solar Stocks Review - Monday 2-21-2011

Solar Stocks Review - Monday 2-21-2011

Solar Stocks and Market Commentary with J Peter Lynch

Point Roberts, South Salem, New York - February 21, 2011 –, a leader in cleantech stock research, issues a new solar stocks review from contributor, J. Peter Lynch for February 21st.

Solar Stocks Commentary with J Peter Lynch -

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Solar Stocks Review - Monday 2-21-2011

J Peter Lynch

An overall summary and table are below which gives a current snap shot of the "technical picture" of each of our solar stocks. This is updated weekly and also whenever there are any significant changes.


Note: At this time there is a general market comment - advising caution at this time.

The majority of our stocks (14 of 22) have seen their monthly momentum turn positive in the last week or two and 17 of 22 are showing positive weekly momentum – all short term signs that the solar sector seems to be getting stronger. At this time the strongest stocks are: JKS, LDK, SOL, SOLR, TSL and First Solar (FSLR). Two of our "solar seven" (JASO and SOLF) have had their rating reduced from Strong "S" to Neutral "N" last week.

Critical levels for the weakest of our "solar seven"

JASO - starting to show some strength. The stock closed above $8.25 showing that it has regained its upside strength. Another week or so of this kind of positive action will move the stock back to an S rating.

SOLF – New symbol – HSOL is at a critical long term support level. A close below $8.00 it would trigger a sell signal.

Other Stock Comments

EMKR – has been showing recent strength, but is very overbought at this time and I think we will see the stock correct back to a more reasonable level.

SPWRA – starting to show some real strength for the first time in quite a while and has moved up to a "S" strong rating from N.

YGE – has been showing strength and has moved to an N rating up from W.

Market Comment - Caution Advised

Currently the market has two potentially serious "red flags" warning investors to be cautious:

Investor Sentiment
Investor sentiment is considered to be a contrary indicator and when too many investors or investment newsletters are Bullish – it is a time to be cautious.
At the current time BOTH the American Association of Individual Investors (AAII) poll of its members and the Investors Intelligence poll of investment newsletters are above their danger zones of 50%.
There is no guarantee of anything in the stock market, as we all know. But levels of sentiment so extremely bullish would historically indicate at least the potential for a market correction of 10% to 15%.
Stocks are very overextended
On the technical side the market is very overbought above its 200 day moving average. In fact, the current overbought condition is more extreme than any important market top in the last 10 years – certainly another significant reason to be very cautious at this juncture in the market.
Keep in mind that stocks can stay overextended for long periods of time. As a result I am advising caution at this time – since the number one rule of investing is: Not to lose money and this is not the time to initiate positions unless you are a shorter term trader and watch the market very closely.
Solar Stock Review as of the close on Friday 18 February 2011

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