Member @drummonddrive pointed out some recent movement in some of the shipping stocks. As many of the stocks within the shipping sector have the potential for explosive gains if/when the momentum traders begin to engage the sector, I've covered some of my favorite setups in the sector at this time along with buy triggers & price targets. The following stocks are covered (although not in this order): KEX, SFL, TGP, GLOG, GMLP, GOGL, TOO, SSW, FRO, STNG, SALT, DHT, EGLE, TNK, TNP, NMM, NAT & SEA. playback speed can be increased to reduce video duration
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 [...]
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 [...]
I have decided to book full profits & close the NAT (Nordic American Tankers Ltd) trade early here at 15.17 for a 31% profit since the Feb 12th entry. Longer-term traders & investors might opt to stay long while raising stops to protect profits. NAT is scheduled to pay a dividend of 43 cents per share to holders of record as of May 12th. NAT was added as both a Long Swing Trade as well as a Growth & Income Trade back on February 12th. While I continue to see some bullish developments in the shipping sector, my decision [...]
I continue to see bullish developments in the shipping sector with numerous stocks set up for potentially explosive gains, should the momentum players step in once again. In fact, quite a few of the recently highlighted individual shipping stocks as well as the shipping etf, SEA, have just recently broken above the key breakpoint levels that were highlighted in the recent videos & trading room updates. While the historic & expected volatility of many of the individual shipping stocks can be extreme at time, it appears that the potential returns make the shipping sector one of the most promising trading & [...]
An overview of the active long trade ideas plus several other long trade ideas that look compelling at this time, both swing trades as well as longer-term Growth & Income trade ideas. The video starts out covering the Active Long Trade ideas, followed by about 9 unofficial but compelling trade ideas. For those wising to skip ahead to a particular trade, the following stocks are discussed in this order: ABY, LL, MOS, NAT, PEIX, POT, SOYB, WMB, NRF, SPLS, CSX, BBD.B.TO, FXI, RSX, EWA, & EWC.
After publishing yesterday's Shipping Sector & Trade Ideas video , in which I covered some of the more aggressive, low-priced small, micro & nano-cap trade ideas that have the potential for explosive rallies as well as "implosive" losses, I dug into the charts a little deeper, adding many of the larger, more (relatively) stable shipping stocks to my watch-list. Additionally, I did some analysis on the shipping sector by comparing the price history of the Guggenheim Shipping etf, SEA, with that of the Baltic Dry Shipping index ($BDI) as well as the HARPEX shipping index. I had meant to cover those [...]