In this video, the charts of my favorite trade setups in the shipping sector are covered in detail. While I plan to add some of these as official trade ideas, with some recently mentioned as unofficial trade ideas in the trading room this week, there are just too many attractive trade setups to add them all. As such, I’ve outlined the idea entry criteria & price targets on most of these charts for those interested.
In additional to the potential for well-above average & quite possibly, explosive capital gains on many of these setups, quite a few of these trade ideas are also growth & income trade ideas with very attractive dividend yields. In the video I do my best to impress just how volatile many of these shipping stocks can be, along with my preference for taking a ‘shotgun’ approach when adding exposure to the shipping sector by taking small positions in numerous individual shipping stocks at objective entry points, also while scaling in (adding exposure gradually vs. all at once).
The following stocks (and the shipping ETF, SEA) are discussed in this order: SEA, SBLK, TOO, DSX, EGLE, TNK, NM, TGP, SB, NAT, GOGL, GSL, NNA, DLNG, KNOP, GASS & HMLP.