[goodtyneguy]

Another industry on my investor watch list is the shipping industry. I've used a chart of SEA the Guggenheim shipping ETF to represent the industry in the absence of a dedicated index. If I'm missing something kindly let me know.

       

As you can see I have interpreted the industry to be in a stage 2A and whilst recent price action is no pretty and it is struggling to find momentum I would best describe it as a base on base. The higher low and it finding support at the 200 dma arguable three times is encouraging. Anyway as we are interested at playing the strongest stocks in the industry I thought I would bring Teekay Tankers (TNK) and Nordic American (NAT] to your attention as a potential investor buy. These stocks are also currently paying a dividend of 4.07% and 6.3% respectively which is nice bit of icing on the cake assuming these can at least be maintained. I used to listen to Chris Waltzec on Gold Seek radio once a upon a time and I remember his stock picks often included shipping stocks which always paid good dividends so it seems like this is an industry standard.

First TNK, has had about an eight month basing period despite the thirty week MA only recently flattening out. If it had not been for the basing period I would have categorized it as been in a stage 1A but if it is on the verge of breaking out then it surely must be in a stage 1B? What do you say Isa?

       

Next up NAT, I tend to think that it's a bit early in stage 1 to consider this one but the volume that has come in is leading me to think this one is going to be another one that does not look back from here.

       

Comments welcome.