Surviving the Storm

Beyond this morning's glaring weakness in the prominent domestic solar, First Solar (FSLR), we have been noting with Members for a while now that most solars were lagging the ascending kid on the solar block, Sunrun (RUN). 

Indeed, beyond FSLR, which is down 6.5% as I write this and slicing below its 200-day simple moving average, SEDG SPWR VSLR, not to mention foreign solars like CSIQ JASO JKS have all seen their charts either turn in lackluster performances with no buying urgency, or worse yet have completely wiped out lower.

Either way, RUN is emerging as an obvious leader in the solar space, one to stalk closely now as the sector gets crushed while RUN finally pauses.

I view a multi-day flag now around the $12 level on RUN as setting up a fresh, long actionable entry point, especially once sector selling pressures abate 

On a somewhat similar note, bluebird bio is sporting an impressive upside reversal off the initial ASCO conference selloff, as BLUE seemingly avoids the fate of ASCO losers like BPMC and NKTR.