It May Be Time for Solars to Finally See the Light

The First Solar reversal today, after yesterday's earnings drubbing, is nothing short of stunning when you consider how accustomed we have become to the usual solar heartbreak. 

Nonetheless, when you see a likely close today over $37, a level highlighted on the updated daily chart for FSLR, below, it offers some evidence of a potential bottom for the sector brewing. We have been decisively cautious or bearish on solars for years, to be sure. 

But now the group is showing signs of being tired of going down in a straight line. In other words, I am much more open to a bottom in the sector than I have been in a long time.

More in my recap after the bell today.