Yesterday was a great example of how clean energy is out performing the market. With the major indexes down by up to a full percentage point, green stocks deflected the attack and actually went up. You get a sense this sector is a bit of a safe haven that will see growth while the rest of the market struggles and is at risk of continued downward pressure.
Here are a couple of the clean energy trades we have been looking at:
With the ongoing push to electric vehicles and the support for alternative energy there is good reason to believe these ETFs will see gains in the long run. All three are showing a trend building and seeing room to run in the MACD.
To look at some ways to exploit these trades with long term potential, check out Andy Chambers Market Propulsion. His approach is great for taking long term opportunities and using them to produces additional opportunities to generate wins. The best part of his approach is it works well for people looking to take advantage of the market and still have a real life! Check it out here.
Keep learning and trade wisely,
Market Wealth Daily