PBW update: Looks like a breakdown

Just an update for anyone concerned about the Clean Energy Fund, PBW. It looks to be triggering a Head and Shoulder Top pattern today and has a projected $.54 measured move target or 12.5% correction.

This pattern is certainly not the end of world in this space, but it is notable enough to consider taking some shares off the table if you own some here. The relative strength trend violation shows a weakening vs the overall market; it has telegraphed this move and makes it that much more likely to follow through to the downside.