I’ve been saying it for months, but this is the place to focus right now.
Tuesday was an absolute bloodbath for stocks.
The Nasdaq dropped 5.5%. The Dow fell over 1200 points.
But guess what?
Solar stock, Enphase Energy (ENPH), went UP on Tuesday…
So did First Solar (FSLR)…
and Sunrun (RUN)…
and several other solar names.
Bucking the trend is one thing. But advancing on a day like Tuesday is a huge sign of strength and a clear sign of where funds are putting their money.
The chart above shows the performance of these stocks since the markets bottomed in mid-June.
If you want performance in 2022, you need at least some exposure to the solar sector.
The easiest way to do that is an exchange-traded fund.
ETFs trade just like stocks, but they own a handful of stocks in a particular market or sector.
TAN is the ticker symbol for the Invesco Solar ETF.
It owns each of the stocks above along with three dozen others to give investors broad exposure to the solar sector.
From my point of view, it looks prime for another breakout as well.
Embrace the surge,
Editor, Stock Surge Daily
P.S. If you want to learn exactly how my new “rapid cash” strategy works… Watch the FREE on-demand broadcast right here.