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GSL Profit Target Hit for 16% Gain In Under 3 hours

The GSL (Global Ship Lease Inc) bounce trade has hit the sole price target for a 16% profit in less than 3 hours from the entry posted earlier today. Consider booking partial or full profits or raising stops if your plan is to hold out for additional gains as GSL could very well see the next potential target (former T2 at 2.49) next week, should the shipping stocks rally from here. The previous daily chart (posted with the entry earlier) along with the updated 1-minute chart are shown below: Many of the shippers highlighted in the recent video, including [...]

2017-03-08T21:19:20+00:00 Nov 18, 2016 3:22pm|Categories: Completed Trades - Long|Tags: |2 Comments

GSL Bounce Trade Setup & Entry

After a strong rally followed by 2-days of profit taking in shippers, GSL (Global Ship Lease Inc) has now pulled back to the former R1 resistance, now support level at 1.80, offering an objective, yet aggressive long entry for a bounce back up to the former T1 target level of 2.11. Suggested stop below 1.71 with a suggested beta-adjustment of 0.50. GSL daily Nov 18th Normally, I might only post such an aggressive & relatively short-term trade (the expected holding period until profit target or stop is hit would is within a few trading sesssion, most likely under 1 [...]

2017-03-08T21:19:20+00:00 Nov 18, 2016 12:27pm|Categories: Completed Trades - Long|Tags: |3 Comments

Shipping Sector Update 9-16-16 (video + comments)

Member @sau987 had asked for an update on the shipping sector & as I had recently pointed out the fact that many of the shippers looked to be setting up in bullish chart formations, I've since become somewhat lukewarm to the shipping sector for the following reasons. Since that previous video with some of my favorite setups was posted here on Sept 8th, the very next day the broad market triggered the long-awaited sell signals that I was looking with QQQ impulsive taking out the 116.00 support level & SPY impulsively slicing through the key 215.30 support level. While QQQ has [...]

2018-01-21T20:12:01+00:00 Sep 16, 2016 12:41pm|Categories: Unofficial Long Ideas|Tags: , , , , , , , , , , , , , , , , |3 Comments

Shipping Sector Trade Ideas (video)

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 [...]

2018-01-21T20:15:12+00:00 Sep 8, 2016 12:59pm|Categories: Equity Market Analysis, Unofficial Long Ideas|Tags: , , , , , , , , , , , , , , , , |Comments Off on Shipping Sector Trade Ideas (video)