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Is Solar Teflon?


December 18, 2020 at 04:26 PM
If you have attended the free DecisionPoint.com Trading Room or you are a DecisionPoint Diamonds Report subscriber, you ll know that I have been very bullish on renewable energy stocks since the beginning of autumn. While they can be very volatile, overall they are an industry group that is flourishing and, if you can take those ups and downs, it will continue to be a prosperous sector.
Originally, Renewable Energy had been listed as part of the Energy sector on StockCharts. Since then, it has been moved to the Technology sector, where it has found a home among other outperformers. Technology s one failing is that it is a leading sector meaning it generally picks the direction for the overall market. That works well most of the time, as it outperforms in bull markets; however, when the market gets toppy like it is right now, you re exposed to positions in a sector that will likely lead to the downside. ....

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