The following notes & charts highlight a potential trade setup for SSW, Seaspan Corp.
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 [...]
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 [...]
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 [...]
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 [...]