When most people think “Energy Sector” they think oil, Exxon Mobile, ConocoPhillips, Halliburton; the XLE, XOP, XES funds.

But recently I’m seeing hints of bullish rotation into the GEX VanEck Vectors Global Alternative Energy ETF. GEX broke out of a 5 year downtrend against the Nasdaq 100 and displays a multiyear inverse head and shoulders on its nominal chart with a 26% possible upside.

Also seeing bullishness for Solar Energy: The Invesco Solar ETF (TAN) broke out of a 4 year downtrend against the Nasdaq 100 and displays a wedge breakout on its nominal chart. Possible 94% upside for the Solar ETF.

A relatively unknown sector of income-generating renewable energy assets called “YieldCos” is also looking bullish. Below we see the YLCO ETF breaking out a 3 year downtrend against the Nasdaq 100. We also see a 3.5 year Cup and Handle on YLCO’s nominal chart with possible upside of 24%

Energy Infrastructure: Oil and Gas Pipeline Operators and Master Limited Partnerships are also looking bullish. Below is the Tortoise North American Pipeline fund (TPYP). This fund broke out of a 2.5 year downtrend against the Nasdaq 100. On its nominal chart we see a breakout from a 2.5 year wedge with possible upside of 27%.

If you’re curious, please see this post for charts of individual Solar stocks (Canadian Solar, Sunrun, Enphase Energy) with possible upside as high as 140%. Also please see this post for charts of individual Pipeline stocks (Kinder Morgan, Cheniere Energy, Pembina Pipeline Corp) with possible upside as high as 73%. Happy Friday and enjoy the weekend!-Harry