As traditional energy cools off, wind energy is flirting with a massive base breakout.
By Sam Gatlin, Jason Perz
April 10, 2026
Years ago, the legendary market technician Ralph Acampora said that "sector rotation is the lifeblood of a bull market."
And that’s exactly what we’re seeing right now.
After an absolutely historic run to start the year, traditional oil and gas stocks finally look like they’re taking a well-deserved breather.
Fourteen consecutive weeks higher is not normal. It’s the kind of move that leaves trends extended, sentiment crowded, and short-term risk skewed to the downside.
So a pause here? Completely healthy.
In fact, it’s exactly what you’d expect in a strong bull market.
Because while one group rests… another one starts to move.
And right now, that group is wind energy.
While most investors are still focused on what just happened in oil and gas, wind energy has been quietly grinding higher for the better part of a year.
Since bottoming in April 2025, this group has staged a steady advance, up nearly 100% with very little fanfare along the way.
No headlines or hype.
Just price.
And now, it’s approaching a critical level.
When we zoom out, the Wind Energy ETF $FAN is pressing up against the highs from the prior cycle. This level has capped every rally for nearly two decades.
Multiple attempts… all rejected.
Will this time be different?
If FAN can break above this key area, we’re not just talking about another trade.
We’re talking about a brand-new secular trend.
Because this is a massive base, and as we like to say, the bigger the base, the higher in space.
Meanwhile, the relative picture is starting to confirm the story.
After years of persistent underperformance, wind energy is beginning to turn the corner versus traditional oil and gas stocks.
The ratio has carved out a textbook bearish-to-bullish reversal pattern, suggesting capital is starting to rotate toward it.
And if this breakout sticks, it won’t stay quiet for long.
The flows will follow, and the mainstream will be talking all about it.
But by then, the easy money will already be gone.
For now, this is still early.
We’re monitoring this setup closely, and we'll alert our Supercycle Report members as soon as we pull the trigger on any new trades.
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