Financial Astrology: New Trend In Solar

Today we had a very bullish move in my two solar sector stocks, First Solar Inc. (FSLR) and SunPower Corp.  SunPower ended the day up over 18%.  I was expecting to see a move in the solar sector this week as Saturn in Scorpio moving to trine the U.S. natal Sun later this Fall, is the business of solar.   This rare transit has the potential to reignite the solar industry and produce substantial gains in leading stocks for years to come.  The trend is most likely starting now and we could see continued strength in February.  Watch for news and another bullish move for FSLR and SPWR February 14th.

 Today’s move!

This section is from January 6th update:
FSLR (First Solar Inc.)

First Solar is the leader of this solar six pack with sales of $2950 million.  As I mentioned two weeks ago the North Node passing over the IPO Sun (solar) could be signaling a trend change for the company.  Watch for a pullback next week and we are revising the entry point to $32.23-$32.69.  Fridays pullback was not quite enough to warrant a trade alert so we will be watching closely this next week.  January 14th could see this entire sector higher.  Mid February could also bring a bullish move.

SPWR (SunPower Corp.)

The 47.96% bullish move on January 3rd was on news that Berkshire Hathaway acquired SunPower’s Antelope Projects.  The acquisition gives Berkshire two plants in California that will create the world’s largest permitted photovoltaic development.  The news came while the North Node was in the degree of the Sun (solar) for both the IPO and incorporation chart.  Saturn will sextile Venus (IPO chart) on January 15th which may produce another bullish move and suggests the business is getting noticed and could be negotiating contracts.  Pluto will make a grand trine to Venus and Mars (IPO chart) in February that could produce another very bullish move.    Consider scaling in near Jeff’s first target at $8.25 and add on pullbacks.

This section is from Feb. 10th update
FSLR (First Solar Inc.)

First Solar has moved off of support near $28 and closed on Friday at $30.40.  We could see a continued move higher from Jeff’s second entry near $29.41.  There could be growth coming in the solar sector as Citigroup indicated last week.  We may see a bullish move next week.  Continue to hold.

SPWR (SunPower Corp.)

The reversal on Friday may have been to shake out some traders as the stock fell and then bounced off of support.  The technicals have not been violated and the bullish breakout from the first week of January remains intact.  The stock looks to be consolidating.  We could see another bullish move in February.

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