Market looks to end bullish
WallStreet keeps looking up even though many maintain the worst of theeconomic downturn is still ahead. The Dow gained over 191 points sinceFriday’s close, nearly a 2% gain. NASDAQ gained 74 and the 20 SolarStock Index (20SSI) added over 11 points, 3.3% and 2.6% respectively.
MarketWatchsays the bulls are out of the gate but nowhere near stampeding. Aweekly poll by the American Association of Individual Investorsreported that 38% of single investors said they were bullish on stocksfor the next six months. This is 19% higher than last March but 13%less than the survey showed in August. The current market rebound isstill not close than the 2007 Bull Market but still bodes well in lightof the country’s current state. The 2009 rebound could continue intonext year as investors may hold onto stocks with hopes of recoupingsome 2008 losses.
Thirteen in the 20SSI gained, a fourthstraight positive week for this solar index. Biggest winners includedAkeena, Amtel Systems and Canadian Solar. Average solar stocks gainedover 3%.
20 Solar Stocks Index Week of Dec 14-18, 2009
|Monday Open||Friday Close||Up/Down||% Change||Close 1/5/09*||Close 3/6/09**|
|Dow Jones DJIA||10328.89||10520.10||+191.21||-1.851%||8952.89||6626.95|
|Akeena Solar AKNS||1.24||1.3499||+1099||+8.862||2.28||.61|
|Amtel Systems ASYS||10.27||11.15||+.88||+8.568||4.00||2.73|
|Applied Materials AMAT||13.62||14.00||+.38||+2.790||10.67||8.70|
|Canadian Solar CSIQ||26.78||29.40||+2.62||+9.783||7.00||3.0601|
|ECD (UniSolar) ENER||10.72||10.52||-.20||-1.901||29.33||17.45|
|Entech Solar ENSL.OB||.14||.12||+.02||-16.66||.28||.23|
|Evergreen Solar ESLR||1.52||1.60||+.08||+5.263||3.60||1.03|
|First Solar FSLR||135.67||133.80||-1.87||-1.397||157.80||108.49|
|GT Solar Int. SOLR||5.69||5.67||-.02||-.3527||4.00||4.02|
|JA Solar JASO||5.73||6.05||+.32||+5.584||5.09||1.91|
|LDK Solar LDK||6.85||7.00||+.15||+2.189||14.84||4.40|
|MEMC Elect. WFR||12.55||12.51||-.04||-.3197||15.76||13.68|
|Trina Solar TSL||51.64||54.85||+3.21||+6.216||10.09||7.23|
|20SSI Weekly Cumulative:||Previous 438.99||Current 450.39||Change +11.40/+2.596%||Avg Stock +3.283%||1/05/09* 415.41||3/06/09** 266.01|
* The starting date of the 20 Solar Stock Index (20SSI).
** The Concensus "new" bull market began on Monday, March 9, 2009.
NOTE: All above stocks have market capitalization of $100M+ except Akeena Solar, Amtel Systems
and Entech Solar. This listing is strictly informational and implies neither endorsement or disapproval
of any stock listed. Comments and suggestions are always welcome.