Showing posts with label MarketWatch. Show all posts
Showing posts with label MarketWatch. Show all posts

Friday, April 2, 2010

March 29-April 1: Dow nears 11000; Solar Gaining


Short trading week good all around

After climbing as high to 10956.30, the DJIA ended trading yesterday at 10927.07, up 70.44 since Friday--a .7% gain. The NASDAQ made a miniscule gain of 7.45 points for the week to end at 2402.58, up .3%. The 20 Solar Stocks Index gained 14.06 to finish at 398.65, a 3.65% hop since Friday. All major markets were closed today for Good Friday.

According to MarketWatch, investors were cheered by a drop in jobless claims and an optimistic national manufacturing survey by the Institute of Supply Management. One key analyst with Morgan Stanley Smith Barney said the export side of manufacturing is the strongest since the '80s.

Solar winners were Canadian Solar, SolarFun, and Renesola which also saw remarkable gains last week. The average solar stock in the 20SSI gained just over 2%.

(Stocks are monitored with the use of MarketBrowser, a great trading tool available to anyone at www.MarketBrowser.com.)

20 Solar Stocks Index Week of March 29-April 1, 2010

Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 10850.36 10927.07 +76.71 +.7069% 8952.89 6626.95
NASDAQ 2395.13 2402.58 +7.45 +.3110 1628.03 1293.85






Akeena Solar AKNS 1.04 1.06 +.02 +1.923 2.28 .61
Amtel Systems ASYS 9.80 9.79 _.01 -.1021 4.00 2.73
Applied Materials AMAT 13.21 13.35 +.14 +1.059 10.67 8.70
Canadian Solar CSIQ 22.03 24.06 +2.03 +9.214 7.00 3.0601
ECD (UniSolar) ENER 7.24 7.68 +.44 +6.077 29.33 17.45
Entech Solar ENSL.OB .1550 .1530 -1.307 -9.032 .28 .23
Evergreen Solar ESLR 1.21 1.13 -.08 -7.079 3.60 1.03
First Solar FSLR 116.50 121.30 +4.80 +4.120 157.80 108.49
GT Solar Int. SOLR 5.37 5.21 -.16 -3.071 4.00 4.02
JA Solar JASO 5.01 5.62 +.62 +12.17 5.09 1.91
Kyocera KYO 98.00 100.88 +2.88 +2.938 71.87 54.21
LDK Solar LDK 7.01 6.55 -.46 -7.023 14.84 4.40
MEMC Elect. WFR 14.68 15.19 +.51 +3.474 15.76 13.68
Renesola SOL 5.61 6.11/TD> +.50 +8.912 5.15 2.1201
Satcon SATC 2.36 2.40 +.04 +1.694 1.60 1.23
SolarFun SOLF 6.96 7.73 +.77 +9.952 6.12 2.30
SunPower SPWRA 18.22 19.01 +.79 +4.335 45.13 23.39
SunTech STP 14.13 14.20 +.07 +.4953 13.55 5.34
Trina Solar TSL 23.50 24.47 +.97 +4.127 10.09 7.23
Yingli YGE 12.55 12.76 +.21 +1.673 7.25 3.888
20SSI Weekly Cumulative: Previous 384.59 Current 398.65 Change +14.06/+3.65% Avg Stock +2.29% 1/05/09* 415.41 3/06/09** 266.01
* The starting date of the 20 Solar Stock Index (20SSI).
** The Concensus "new" bull market began on Monday, March 9, 2009.
NOTE: All above stocks have market capitalization of $100M+ except Akeena Solar, Amtel Systems
and Entech Solar. This listing is strictly informational and implies neither endorsement or disapproval
of any stock listed. Comments and suggestions are always welcome.



allvoices

Friday, September 25, 2009

Sept. 21-25: Stocks' Two-Week Surge Ends


The Dow, NASDAQ, 20SSI still up from August

MarketWatch reports that the nearly six-month surge in stocks is a concern the market might have overextended the current financial environment forcing some companies into the red. These include Caterpillar and American Express while Research in Motion lead tech companies into red ink.

The Dow lost 155 points for the week and NASDAQ nearly 42, a 1.6% and 2% slide respectively. The 20 Solar Stocks Index dropped 12.26 points, a 2.8% dip.

Numerous economic reports this week showed disappointing data for durable-goods order and new home sales were the main cause, says MarketWatch, for the market's slip.

All but one stock in the 20SSI were down although the index overall is well ahead of the August close. Either investors cashed out their short-term gains or feel edgy themselves about the overall rapidity of market gains since March. Paranoia strikes deep...

20 Solar Stocks Index Week of September 21-25, 2009
Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 9820.20 9665.19 -155.01 -1.603% 8952.89 6626.95
NASDAQ 2132.86 2090.92 -41.94 -2.005 1628.03 1293.85






Akeena Solar AKNS 1.23 1.17 -.06 -5.128 2.28 .61
Amtel Systems ASYS 5.50 5.34 -.16 -2.996 4.00 2.73
Applied Materials AMAT 13.03 13.10 +.07 +.5372 10.67 8.70
Canadian Solar CSIQ 17.62 16.74 -.88 -5.256 7.00 3.0601
ECD (UniSolar) ENER 13.53 11.99 -1.54 -12.84 29.33 17.45
Entech Solar ENSL.OB .1800 .1770 -.0030 -1.695 .28 .23
Evergreen Solar ESLR 1.88 1.86 -.02 -1.075 3.60 1.03
First Solar FSLR 156.15 152.87 -3.28 -2.145 157.80 108.49
GT Solar Int. SOLR 5.86 5.69 -.17 -2.987 4.00 4.02
JA Solar JASO 4.60 4.04 -.54 -13.86 5.09 1.91
Kyocera KYO 89.37 92.46 -3.09 -3.457 71.87 54.21
LDK Solar LDK 9.39 8.83 -.56 -6.342 14.84 4.40
MEMC Elect. WFR 18.90 17.29 -1.61 -9.311 15.76 13.68
Renesola SOL 6.00 5.38 -.62 -11.52 5.15 2.1201
Satcon SATC 1.90 1.80 -.10 -5.555 1.60 1.23
SolarFun SOLF 6.43 5.80 -.63 -10.86 6.12 2.30
SunPower SPWRA 33.09 30.53 -2.56 -8.385 45.13 23.39
SunTech STP 16.96 15.75 -1.21 -7.682 13.55 5.34
Trina Solar TSL 31.45 31.45 NC NC 10.09 7.23
Yingli YGE 14.05 12.60 -1.45 -11.51 7.25 3.888
20SSI Weekly Cumulative: Previous 447.12 Current 434.86 Change -12.26/-2.8% Avg Stock -5.697% 1/05/09* 415.41 3/06/09** 266.01
* The starting date of the 20 Solar Stock Index (20SSI).
** The Concensus "new" bull market began on Monday, March 9, 2009.
NOTE: All above stocks have market capitization of $100M+ except Akeena Solar, Amtel Systems
and Entech Solar. This listing is strictly informational and implies neither endorsement or disapproval
of any stock listed. Comments and suggestions are always welcome.


allvoices

Friday, March 20, 2009

March 16-20: Solar Stocks Up Second Straight Week


Gain was anemic, but up is up

If the trend on Wall Street meets the hopes of Main Street then March 9 could have been the end of the recent bear market going back to last May. The Dow ended up a second straight week gaining 54.40 points or .7575%; the NASDAQ up 25.77, +1.8%. The Key Solar 20 were up an anemic .1381% but up nevertheless. Big gainers were Canadian Solar and Solar Fun. ECD (UniSolar) took the largest hit dropping 5.89, a 30.81% decline for the week.


Implementation of solar's benefits in the stimulus package are in fledgling stages. Solar manufacturer's who are getting the 30% tax investment for themselves for the first time likely will take advantage of the incentive if they are not being stymied by the credit crunch. Something's bound to give because homeowners and businesses--in California, anyway--are looking to install solar this year

As for the overall stock outlook, MarketWatch reports analysts touting the three "9-to-1 up" days since March 9. A "9-to-1 up" day refers to the volume of all NYSE-listed stocks that go up on a single day. If the number of rising stocks is the same as declining stocks volume, the ratio would be 50%. So a "9-to-1 up" day is when 90% of the total volume is up on a single day.

Such a large imbalance of up-volume "is a significant sign of positive momentum. In other words, when daily up volume leads down volume by a ration of 9-to-1 or more, that tends to be an important signal on stocks," writes Martin Zweig in his 1986 book Winning on Wall Street.

An even more bullish signal is several "9-to-1 up" days in a short period of time, said Zweig. The theory was tested recently by a finance professor and his students at Baruch College. Using historical data from 1942 through this February, the results were appreciably positive. Read more at: http://www.marketwatch.com/news/story/Significance-recent-9-1-up/story.aspx?guid={811E2796-2456-4BF7-AEA4-8F7F73BF78D8}&dist=SecMostRead

Week of March 16-20, 2009

Monday Open Friday Close Up/Down % Change Close 1/5/09
Dow Jones DJIA 7223.98 7278.38 +54.40 +.7575% 8952.89
NASDAQ 1431.50 1457.27 +25.77 +1.80 1628.03






Akeena Solar AKNS .6702 .75 +.0798 +11.90 2.28
Amtel Systems ASYS 3.30 3.06 -.24 -7.28 4.00
Applied Materials AMAT 10.49 10.21 -.28 -2.33 10.67
Canadian Solar CSIQ 3.72 4.50 +.78 +20.96 7.00
ECD (UniSolar) ENER 19.12 13.23 -5.89 -30.81 29.33
Entech Solar ENSL.OB .1950 .1851 -.0099 .-5.08 .28
Evergreen Solar ESLR 1.42 1.37 -.05 -3.53 3.60
First Solar FSLR 129.55 120.37 -9.18 -7.09 157.80
GT Solar Int. SOLR 3.89 4.22 +.33 +15.17 4.00
JA Solar JASO 2.30 2.31 +.01 +.0043 5.09
Kyocera KYO 64.80 67.49 +2.69 +4.15 71.87
LDK Solar LDK 4.55 4.27 -.28 -6.16 14.84
MEMC Elect. WFR 15.43 14.88 -.55 -3.57 15.76
Renesola SOL 2.26 2.35 +.09 +3.98 5.15
Satcon SATC 1.21 1.25 +.04 +3.30 1.60
SolarFun SOLF 2.80 3.55 +.75 +26.78 6.12
SunPower SPWRA 24.38 22.42 -1.91 -7.84 45.13
SunTech STP 6.88 6.91 +.03 +.0044 13.55
Trina Solar TSL 7.39 7.49 +.10 +.0135 10.09
Yingli YGE 4.18 3.77 -.41 -9.81 7.25
Percent change all 20 stocks this week:


+.1381%


allvoices
 

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