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
With the broad equity markets still grinding around in a sideways trading range for over 3 months now, the best swing & trend trading opportunities have been trading individual stocks and/or sectors with the most bullish or bearish technicals. This video covers some of the sectors that stand out at this time & I plan to follow up with another video or static charts on the remaining sectors that may offer attractive trading opportunities. The following sector or industry ETFs are covered in this order: IHI, SMH, SOXX, XBI, IYT, $DJUSRR, SEA and $XAL.
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 [...]
The following Long Swing Trades have either hit one or more price targets and/or exceeded their maximum suggested stop level. All posts associated with these trades will now be assigned to the Completed Trades category where they will be archived indefinitely for future reference. ABY hit the first price target for a gain of 7.8% on March 10th. Although the trade appeared to be holding above the suggested stop of a daily close below 16.50, upon closer examination of the chart I just noticed that ABY printed a close of 16.48, 1 cent below the suggested of any close of 16.49 [...]
Going forward, I plan to do regular updates covering the most attractive sectors, commodities and/or countries as well as the most bearish (for short trading opportunities). In doing so, I will cover the tracking ETFs, which may help less active traders & investors, as well as those the prefer the simplicity & diversity afforded by trading or investing in ETFs vs. individual stocks. The diversity provided by the various holdings within an ETF can also be particularly useful when trading during earnings season, which is currently underway, as the risk of being caught on the wrong side of an earnings-induced gap [...]
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 & [...]
The entry criteria, price target, suggested stop along with additional notes for a trade idea in SEA (Guggenheim Shipping ETF) are outlined in this post. Please login or sign-up for your free 3-week trial to view.