May 28, 2009 (FinancialWire) — Dr. Joe Duarte (http://www.joe-duarte.com) recently noted: The Powershares Wilderhill Progressive Energy ETF (NYSE: PUW) has been moving quietly higher since the March bottom.

Duarte added: Alternative energy companies fell off the face of the earth during the bear market, and many have had problems due to the credit crisis. One way to get around individual companies is to buy an ETF. And PUW fits the bill.

PUW is a basket of stocks in an interesting niche as the companies featured are involved in bridging energy technologies, especially focusing on improving the efficiency of use of fossil fuels.

For that reason, this fund is tied to the price of oil. As oil rises, so do the shares of the featured companies. There is no guarantee that this fund will rise if oil prices rise alone, though, as it requires that money moves into its sector.

Yet, the ETF is now at a place where higher prices could ensue, if oil prices continue to move higher along with the stock market.

Duarte’s conclusion: A move above 19 could take this ETF significantly higher. It would be helpful if oil prices continued to move higher and that the stock market also retains its upward trend.

Make sense of today’s nonsense. Get Doctor Joe Duarte’s Market I.Q., at:

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Duarte partners with the Investors Resource Center at Investrend Information (http://www.investrendinformation.com).

Duarte’s IntelligentForecasts.com (http://www.intelligentforecasts.com) provides free news coverage and analysis, and his daily articles and news summaries offer recommendations and analysis for ETFs, and individual stocks in the technology, health and biotechnology, and energy sectors. Duarte has combined expertise in health care, energy, and the effects of politics and global intelligence on the financial markets offer a unique blend of insight and information to thousands of active investors and political and intelligence aficionados around the world on a daily basis.

He is the author of: Futures And Options For Dummies, Successful Energy Sector Investing, Successful Biotech Investing and co-author of After-Hours Trading Made Easy. In early 2001, in Successful Energy Sector Investing, he correctly predicted that Venezuela’s political problems could lead to an energy crisis in the United States. He has also appeared as a weekly guest on Market Mavens Radio and has logged appearances on KNX radio in Los Angeles, Financial Sense.com radio, and Wall Street Radio.

One of CNBC’s original Market Mavens, Dr. Duarte has been writing about the financial markets since 1990. His articles and commentary have been featured on CBS Marketwatch, Barron’s, Smart Money, Medical Economics, and in Technical Analysis of Stocks and Commodities magazines. In 2003, Doctor Duarte received second place, in the professional section, of the Medical Economics Investment Challenge with a 12-month return of 42%.

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