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 & [...]
This video covers the charts of some of my favorite trade ideas in the shipping sector. As these trades are extremely aggressive coupled with the fact that I like to take a "shotgun" approach by taking small lots scattered among different shipping stocks within the sector in order to diversify, these are only unofficial trade ideas. Although the key support & resistance levels, as well as entry & exit (target) criteria are discussed for most of these stocks, unofficial trade ideas different from the official trade ideas on the site in several aspects including the fact that these trades may or [...]
This is what the risk-on trade looks like (my shipping stock watchlist as posted on Friday), the day after highlighting these "King of All Risk-on Trades" as Long Trade Ideas: Shipping stock watchlist March 4th Followed by a current snapshot of the same watchlist, after highlighting the same stocks as short-candidates yesterday for the coming (and now clearly arrived) Risk-off Trade: Shipping stock watchlist March 8th
Many of the shipping stocks that were posted as long trade ideas in the trading room on Thursday have already ripped up 50-200% or more in just a couple of trading session & are now at or approaching key resistance/target levels which could offer a quick pullback trade. Some of my favorites, along with possible reversal points & pullback targets, are discussed in this video. note: Although the ticker symbols for the stocks discussed in this video will appear in under the Short Trade Setups category, these stock are only unofficial trade ideas, without official price targets or suggested stops.
Actually, WLT & NMM should have been removed a while ago but as I have been focusing my efforts on the short trades for a while now, I have not paid the active long trades much attention lately. Here are the updated daily charts for those two trades, both of which hit their first profit target but since would have been stopped out already and should have been moved to the completed trades category. You might have noticed that I have recently made more of an effort to list the actual profit targets (vs. just the horizontal lines) and suggested stop [...]
another shipper. again, at the risk of sounding like a broken record, these stocks can move very fast and get overbought beyond what most traders think is possible. however, they are also prone to violent reversals, whipsaws and fake-outs. the reason that i am posting so many shipping setups is that i know of no better sector where a nimble trader can make such large gains in such sort order. so again, DYODD and make sure that any trade that you take fits your own risk tolerance and trading style or investment objectives. btw- EXM now up over 35% on the [...]