Get Ready, Traders!
New marching orders! We’re trading Sunx Energy Inc. (SNXG) tomorrow because as of NOW this solar play is too HOT to wait for the weekend!
Can you spot the little detail that’s making me pull the trigger? It’s screaming on the SNXG chart if you know where to look:

Hint: if you see all them green circles ringing the RSI, you’re red hot. SNXG just nudged out of oversold for the first time in MONTHS!
I have no idea what this line above 30 will do to SNXG tomorrow morning. There’s no historical precedent. All I know is that it usually signals a bounce.
How big a bounce? SNXG has come down a long way in a short period of time, so we could be overdue a breakout here as it is.
The 50-day trend is way up at $0.24. The 200-day line is ridiculously up from there. Somewhere in between, there’s vast blue sky.
And of course, it really only takes a penny or two to bring big happy happy when you’re down here like SNXG around $0.13!
The Commander’s Bullet Points on SNXG
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If the Russians get any more uppity, the world’s going to need all the solar it can get. Think of the poor Germans, in the cold if the gas turns off! There’s even people chattering on YouTube about this. (VIDEO)
Bottom Line: I’m going to say more about the SNXG business tomorrow morning, but right here it really all starts and ends with that chart.
I ain’t no sun bug. I think panels are fragile and usually a waste of money.
But I know that if we have 129 MEGAWATTS of solar here in Texas, the horse has already long since left the barn. This stuff is here to stay.
SNXG has the FIRST angle on solar I’ve been willing to get in front of you. It took a technical signal to convince me, but I’m ready to go now.
And really, that technical signal is all the spark we should need to get this one on our radar when that market bell rings tomorrow, right?
Oversold is oversold. The market gods hate it! Stocks that are oversold naturally want to bounce back toward statistically normal levels.
Now you see why SNXG jumped the calendar a little? I’ll be back in the morning with more.
Happy, Happy, Happy Trading!
~ Stock Commander
yourstockcommander@gmail.com