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)

SBLK Falling Wedge Pattern, Shipping Stocks Rallying

SBLK daily July 17th Several of the shippers (such as NM, SBLK, DRYS, DSX, et al.) have started to catch a bid lately. SBLK (Start Bulk Carriers Corp) could run if it manages a solid break above this falling wedge pattern. I'm not adding SBLK as an official trade idea at this time although I figured that it was worth passing along, especially for momentum traders looking to ride the current bid in the shippers. Despite the strong advance in the broad markets over the last few days & GOOG's boost to the Nasdaq today, I'm still being very [...]

2017-03-08T21:20:22+00:00 Jul 17, 2015 10:28am|Categories: Uncategorized|Tags: |Comments Off on SBLK Falling Wedge Pattern, Shipping Stocks Rallying