Some are holding out hope that a potential Presidential administration change in 2013 will breathe new life into Solar names, but this would be more of a political gamble than anything else at this point, as the underlying names in the Solar energy business continue to badly lag broad market equity benchmarks.
We do note that trading volume has picked up in TAN in recent sessions as it has bounced off of its all-time lows, but the fund still remains below its 50 day moving average (which is currently at $25.35 a share) and well below its 200 day moving averge ($33.34) so clearly much work needs to be done in order to improve the current technical picture in these sector ETFs.
Guggenheim Solar ETF
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