(2013-03-11, 08:17 PM)goodtyneguy Wrote: Global Ship Lease (GSL) is a minnow that looks interesting. Not shown (EOD data only) but today has been a big up day on unusually high volume. The negative is that it's not a very liquid stock.
The shippers may be of interest in the near future, this is the Guggenheim shipping ETF SEA
I was going to post this one in the trader watch list but I calculate that we are looking at an ATR(200) of 3.78 with a stop under the last swing low at 16.61. Having said that, it may make a higher swing low before it breaks out. Best to play the strongest stock in the sector given the opportunity imo.
Looking at isatrader's recent comprehensive stockmarketanalysis, the stockmarkets maintain a bullish look overall, but, as might be expected after a good run up over the last few months, look to be pausing or topping.
This is reflected that looking at, say, the dozen or so stock breakout suggestions in the early part of the month, about one-third appear to be false breakouts, while the remainder look OK and a handful look promising. (I haven't checked the suggestions from the current week.)
One of these, by Googdtyneguy SEA Gug Shipping ETF is of particular interest, http://scharts.co/ZL7yFY b/o $16 now $17.70
arguably being a reflection of the Baltic Dry Index. Although isatrader has flagged up on a daily-chart basis a warning on some Asian and Latin stock index ETFs, SEA looks correlated with China and Latin America indices, which are still sideways but not negative on a weekly chart.
Of the numerous shipping stocks, many haven't broken out, but promising ones as well as GSL suggested by goodtyneguy look to be Diana Shipping DSX http://scharts.co/ZL88Uh b/o $8 now $10, Excel Maritime EXM http://scharts.co/ZL8jPr B/O 70c NOW 80c, Eagle Bulk Shipping EGLE http://scharts.co/Y7IHNK b/o $2.70 now 3.90, Nordic American Tankers http://scharts.co/Y7JcY5 b/o $10 now $11.15 . I am thinking of trying these, but remember that most of these companies have profits under the waterline(!) awaiting trade recovery. Other reasons likewise mean this is not a sector to go overboard(!) upon http://www.fool.com/investing/general/20...light.aspx These stocks, though, look to be waking up.