It appears that POWI continues to perform even when the market appears to be turning into a downtrend. I would be careful here and take some of the profits if they are there for you. Look to buy on a break of the upper line.

FCEL - Been in and out of this one before and it looks like its trending higher even with the big move off the bottom.

BLDP - Maybe a new trend starting here.

ITRI - Has consolidated nice at the top of the range.

ELON - Has turned the corner after a hefty pull back.

CPST - Can’t forget about my beloved CPST.

Aside from the crazy ones that have moved lately like ASTI today, the Ethanol stocks have all had nice two and three week runs (VSE, PEIX, USBE, ANDE, MGPI), and SOLF and CSUN lately in the China solar arena. Lets check out some some of the forgotten ones. Well at least forgotten over the last month or so.

I would also take a look at COMV and ITRI. I’m looking for pullbacks in the major alt-energy etf’s because the big solar names FSLR look more like short term sells rather than new buys. ZOLT might have a little room to the upside too.

The following twelve securities will be added to the Indexes: China BAK Battery, Inc. (NasdaqGM:CBAK - News), Comverge, Inc. (NasdaqGM:COMV - News), Capstone Turbine Corporation (NasdaqGM:CPST - News), EnerNOC, Inc. (NasdaqGM:ENOC - News), Hoku Scientific, Inc. (NasdaqGM:HOKU - News), LDK Solar Co., Ltd. (NYSE:LDK - News), Metabolix, Inc. (NasdaqGM:MBLX - News), Nova Biosource Fuels, Inc. (AMEX:NBF - News), Power Integrations, Inc. (Nasdaq:POWI), Vicor Corporation (NasdaqGS:VICR - News), Verenium Corporation (NasdaqGM:VRNM - News), and Yingli Green Energy Holding Company Limited (NYSE:YGE - News).

UTH is the utilities sector ETF. It contains several utility companies that are in our watchlist. The UTH is breaking a near term trendline and technicals have turned up.

Utilities companies world-wide expect wind and nuclear power to provide an increasing share of their market’s energy consumption in the next five years. Last year, only 17% and 19% were looking toward these two fuel sources. By 2007, in the space of just 12 months, they were being mentioned by 48% and 45% of respondents. Climate change appears to have cemented its place in utility company strategies.

Source: PWC