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NAO & NNA Trade Setups

Here are a couple of potential & unofficial trade setups that I posted in the trading room earlier today. These are both low-priced, very small (only $221m & $73m in market cap) shipping stocks which makes these very aggressive trade ideas. However, with above average risk or loss comes above average potential for gains so I figured that I'd pass these setups along for those interested. NAO could backfill this gap on a convincing break and/or close above 1.30. The top of that gap (target) is around 2.00 which would account for a gain of over 50% if hit. NAO [...]

2018-01-21T21:42:24+00:00Aug 2, 2017 10:20am|Categories: Unofficial Long Ideas|Tags: , |Comments Off on NAO & NNA Trade Setups

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+00:00Sep 16, 2016 12:41pm|Categories: Unofficial Long Ideas|Tags: , , , , , , , , , , , , , , , , |3 Comments