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PBD showed good relative strength to the other alternative energy funds yesterday. This one should lead the pack out when the downdrift reverses...
PBW - yeap, looks pretty good. Although the 50dma is down, it seems to have strength short term possibly to $22??
Currently at $19.83. Resistance $19.85.
Buy Alert--PBW looks to have bottomed this week relative to the short-term trend. What do you think QT?
I'll check them out, thanks.
PZD and PBW starting to look constructive...
I had SOLF call Options but they expired. I will take a look for sure. Thanks for the heads up.
From the looks of the alternative energy funds in the iBox, this sector is starting a correction. You have any of these QT?
PUW starting to show signs of turning...
Green ETFs Grow
October 03, 2007
by Tom Lydon
With oil prices near record highs and more companies concerned about carbon footprints, many investors see these signs as opportunities to invest in green exchange traded funds (ETFs). Even if some of the newer companies devoted to environmentally-friendly energy sources fail, many experts believe this sector is here to stay and will only increase, reports Daniel McGinn for Newsweek.
In fact, in sectors such as solar energy and biofuels, payrolls are increasing so fast that it's difficult for researchers to keep track. Some experts believe the clean-tech sector could produce 50,000 new jobs by 2010. The performance of alternative energy ETFs seems to back up the growing popularity and interest in green energy, as the funds are up across the board year-to-date:
PowerShares WilderHill Clean Energy Portfolio (PBW) - up 33.4%
PowerShares Cleantech (PZD) - up 30.4%
Market Vectors Environmental Services ETF (EVX) - up 23.2%
Claymore/LGA Green ETF (GRN) - up 7.4%
PowerShares WilderHill Progressive Energy (PUW) - up 16.2%
Market Vectors Global Alternative Energy ETF (GEX) - up 11.5% for the last three months, having launched in May
PowerShares Global Clean Energy (PBD) - up 11.1% for the last three months, having launched in June
First Trust NASDAQ Clean Edge U.S. Liquid ETF (QCLN) - up 6.6% for the last three months, having launched in February
Market Vectors Nuclear Energy ETF (NLR) - up 5.4% for the month, having launched in August
Hello QuickTrade,
What's your short-term take on the alternative energy funds? I'm thinking they are looking like a consolidation next week. Be interested in your thoughts...TIA
Thanks Frenchee,some of these i haven't seen.Will check em out.
rattlewatch, you might enjoy these boards as well:
#board-6148
#board-2690
#board-7812
#board-4868
#board-5005
#board-8401
#board-8200
#board-8307
#board-7239
#board-6624
#board-4579
#board-9626
#board-5571
Thanks for another alt energy board both of you.Good idea, as these funds should grow in number over the next several years.
It's an honor to serve with you.
Thanks frenchee. :) I added you as an assistant. hope you dont mind.
Interactive Performance Comparison Chart
http://www.stockcharts.com/charts/performance/perf.html?qcln,puw,pbw,EFA,pzd
Main Site For NALFX.
http://www.newalternativesfund.com
NALFX On Fire. About NALFX:
http://www.socialfunds.com/funds/profile.cgi?sfFundId=373
Fund Description
The fund seeks long term gains for its investors by concentrating its investments in renewable energy and the environment. The fund's portfolio includes investments in Wind Energy, Solar Energy, Biomass, Fuel Cells, Energy Conservation, Clean Water, Recycling, and Natural Foods. The fund may invest up to 35% of its assets in shares of foreign companies.
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