Vaneck Vectors Global Alternative Energy Etf (GEX)

Scoreboard for the week: +4.74%

Nothing exciting during holiday time...

Alternative energy sure fell out of favor...

For the week: -11.46%... careful!

For the week: -3.96%

-3.40% is the scorecard for the week...

E-mail reaction to Japan: "... Interestingly solar stocks are trading up at the moment as people look for alternative energy stocks to bid on. I guess they think people are going to be so scared of nuclear energy now that governments will invest in other energy sources. The GEX alternative energy ETF is up over 4% in pre-market action and is one of the few ETF's actually trading up. Disclosure - long this one. Sometimes you are lucky... "

Tuesday was really huge for GEX... and backed by volume!

My friends, for the week: +4%!!!

This is in pretty good shape - not far off the recent high... looking for more upside.

That June time frame was quite the buy time! Onward!

The weekly channel is still headed down.

Finally showing some life...

A big outside day reversal candle!!!

More of the same!

Nothing but sideways here in a channel between 22 and 27 for 7 months... watching.

Any thoughts on pwoif?

An obvious channel in a 5 buck range - 22 to 27... see the weekly.

But now a clear H&S pattern has emerged for the daily chart... hmmm.

Can you see the reverse H&S pattern on the weekly chart???... looking good for the long haul!

Pretty nice run in July...

Still in a well defined uptrending trading channel...

A sharp V bottom and then 2 months of nonstop uptrend...

Double bottom on the weekly chart at $15/share... lokks set to move up, perhaps...

No mod... perhaps I can assist...

Link for GEX website

http://www.vaneck.com/index.cfm?cat=3192&tkr=GEX&LN=3

But, what a drop to get to where it is now!

Maybe the bottom is in with that new formation of a higher low...

Welcome to the board MWM!

TOP 10 HOLDINGS ( 66.38% OF TOTAL ASSETS)

Company Symbol % Assets
FIRST SOLAR, INC. FSLR 9.94
GAMESA GAM.MC 7.06
ITRON INC ITRI 4
Q-CELLS QCE.BE 5.49
RENEWABLE ENERGY REC.OL 4.75
SOLARWORLD SWV.BE 4.62
SUNPOWER CORPORATION SPWRA 4.42
SUNTECH POWER HLDGS STP 4.88
OEST ELEKTRIZITATSWIRTS-A VER 4.98
Vestas Wind Systems VWS 16.24

http://finance.yahoo.com/q/hl?s=GEX

GEX in presignal area for a buy; just need a decisive close > 13-day price EMA...

The traders spoke with Zachary Karabell of River Twice Research on whether alternative energy is the next bull market. Karaball said a lot of the names in the space are down 75% to 80% from their 52-week highs. He says "it doesn't matter how much they are down, it matters where they are and where you think they are going." He said the solar sector has viable long-term demand, and he sees value in the space. Najarian said he needs to see a turn in the space before he can get excited. Finerman says "the easy way to play solar is by getting long crude oil." Seymour says you can play the alternative space with the utilities. Terranova told viewers to play the space with Market Vectors Glbl Alter. Energy. To be sure, lower oil prices have made the green drive seem less urgent and the credit crunch has smaller wind companies unable to secure financing but both presidential candidates plan to make alternative energy a major priority the next four years.

This will have an impact on the alternative energy area #msg-32944344

Which will lead the turn: alternative energy or traditional energy?

next target is 51

GEX on a short-term buy signal today...

Double bottom forming on the daily charts in the iBox with decisive volume...

Important for 46 to hold as next stop is 42...

Huge wedge pattern on the daily charts in iBox.

Looks like a little more selling ahead for global alternative energy plays. Keep an eye on this one for a turn...