Solars have enjoyed a nice run-up lately but can it last. Look at JASO, it almost had a 100% retracement from its lows. It failed to get above the resistance zone and notice the lower highs each time.(shorted JASO from 4.50)
UPDATE: Just looked at the chart and you can see a Cup and Saucer Pattern that formed. I got my stop tight on this now.
TAN is the solar sector ETF. It too is hitting up against resistance but a break above 10.09 and this could start a nice run. If TAN dips back below to the trendline and stays there, it may be a good buy or if it breaks out above 10.09 it could be a buy.
And regardless if Solars go up or down. WEAR SUN SCREEN! (remember this song)