After last week's phenomenal three-day rally, Wall Street has taken a cautious approach to the start of this week. With roughly two hours left in the session, the major markets are trading on both sides of breakeven, as investors await this week's highly-anticipated updates from global central banks. Despite the wishy-washy price action, individual equities falling to new lows are lagging those stocks finding new highs. At last glance, the New York Stock Exchange (NYSE) has nine securities reaching fresh bottoms, while the Nasdaq has 31 meeting new nadirs. Among these stocks are Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP - 1.37), JinkoSolar Holding Co., Ltd. (NYSE:JKS - 2.42), and Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP - 12.40).

Joining sector peer Trina Solar Limited (ADR) (NYSE:TSL) in a day full of dreary price action, STP fell to a new all-time nadir of $1.30 today, as the company announced it will investigate a security interest in its investment with Global Solar Fund SCA, in which the collateral tied to the partnership is rumored to be non-existent. STP said it could delay its second-quarter earnings announcement as a result. STP is no stranger to technical troubles, as the solar-panel sector has been hit hard due to oversupply issues. On a relative-strength basis, the stock has lagged the broader S&P 500 Index (SPX) by roughly 40 percentage points during the past 60 trading sessions. Even more telling of STP's struggle, over the course of the previous 12 months, the shares have lost more than 81% of their value.

Apparently, it's all gloom and doom for solar-related stocks today. Amid tariff-related troubles out of China, JKS dropped to a fresh bottom of $2.32 this morning. At last check, the equity was down nearly 6% in the latter half of the session, bringing JKS' year-over-year decline to a brow-raising 88.9%. Against this dismal technical backdrop, option players at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have bought to open 7.23 calls for every put in the last 50 sessions. However, with short interest accounting for 20.8% of the stock's float, this taste for bullish bets may simply be short sellers hedging against a possible rebound.

Keeping things contained within the Eastern hemisphere, China-based CTRP has stair-stepped its way down to a three-year low of $12.36 throughout the session. The stock continues to be pressured southward under the weight of its 10- and 20-day moving averages, and is now sporting a 46.8% year-to-date deficit. Not surprisingly, sentiment surrounding the security is steeped in pessimism. For starters, 11 out of 13 analysts maintain a "hold" or "sell" suggestion toward CTRP. Elsewhere, short sellers increased their bearish exposure by 14.1% over the previous two reporting periods, and short interest now accounts for a lofty 8.1% of CTRP's available float.

Today's new highs list includes two Dow components, one of which welcomed a new member to its board of directors.