First Things First for First Solar

First Solar is one of the more visible firms reporting earnings after the bell tonight. 

The solar sector has been an excellent destroyer of capital for a good while now. But if a turnaround is imminent, then FSLR earnings tonight could easily advance some of the minor technical progress we have seen of late.

The TAN sector ETF, below on the daily, for example, has seen some spurts of buy volume of late off recent lows. That is not conclusive evidence of a bottom, of course. But the SPWR rally the last two sessions is promising and should probably force shorts to at least consider backing off for now. 

Overall, we have been soundly cautious on solar for Members for a long while now. But an open mind at this point is now likely correct given the rotation threat and the manner in which sentiment has been demoralized for solar longs. 

See you after the bell for my recap.