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Solar Stocks Are Vowed to Crush Oil, Coal and Nuclear Stocks

Exponential vs. Incremental

Solar energy is at the tipping point of its exponential growth curve and the sector growth will surprise to the upside. Meanwhile the demand for mined energy (oil, coal, nuclear) is growing incrementally. In the race for energy market shares the demand for oil and coal will inevitably turn negative in the years to come. The solar singularity is knocking at the door with solar stocks vowed to crush coal and oil stocks in the medium and longer term as renewable energy is displacing fossil fuels for energy production and electric vehicles are displacing ICE vehicles for transportation.

Solar Sector vs. Oil

The Guggenheim Solar ETF (TAN) is compared with the United State Oil Fund (USO).
2019 should be the year when the TAN:USO ratio will take out the 3:1 price ratio in a major long term upswing.

Solar Sector vs.  Refiners

The Guggenheim Solar ETF (TAN) is compared with the Van Eck Oil Refiners ETF (CRAK).  The TAN:CRAK ratio should break out from the bottoming pattern in the next few months.

 

Solar Sector vs.  Exxon Mobil

The Guggenheim Solar ETF (TAN) is compared with the Exxon Mobil stock (XOM).
The upside reversal of the TAN:XOM ratio should be as abrupt as and symmetrical to the sudden collapse from 10 years ago. If the break out above the 50 level does not happen this year it will most certainly do next year.

Solar Sector vs. Coal Sector

The Guggenheim Solar ETF (TAN) is compared with the Van Eck Coal ETF Exxon Mobil (XOM).  The TAN:COAL ratio is expected to move briskly towards the upper boundary of the monthly wedge and following a minor consolidation phase break out above the 4.5 level, which should happen in 2019.

Solar Sector vs. Uranium and Nuclear Sector

The Guggenheim Solar ETF (TAN) is compared with the Van Eck Uranium and Nuclear Energy ETF.  The TAN:NLR ratio is expected to swiftly reach the falling resistance line, retrace moderately before breaking above it within one year from now.

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