Let’s Shine a Light on a Few Potential Solar Energy Trades

Tuesday’s regular session wasn’t good for the bulls, but despite the red finish it wasn’t a significant victory for the bears. At most, it’s disappointing how poorly stocks performed after last week’s losses. My baseline expectation for the Invesco QQQ Trust (QQQ) along with the other index ETFs is for a short-term bounce. Unfortunately for the bulls, with all the indexes back under their 50-day simple moving averages (SMA), I don’t expect an oversold bounce to morph into a meaningful rally. At best, I think the bulls’ auction prices back toward the volume-weighted average price (VWAP) anchored to the Aug. 16 swing high. That anchored VWAP is just a bit above the declining 21-day exponential moving average (EMA), so should bounce take hold I’d be quick to take profits into or slightly above that EMA. It’s tough to want to trade a stock that you know is monitored by…

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