Thursday, August 15, 2013

Two to watch out for

Dry bulk shipping stocks have been on quite a roll recently. I remember that when I first started trading, these stocks used to be quite the flavor of the season. All that does is make me feel old. Anyway.

Here are the weekly charts of VLCCF and DSX. As you can see, that they have crossed some rather important levels in the last couple of days, and look good for more. Feel free to click on the charts for a larger view.

Here is my view on the overall markets after the action today, in case you are interested.

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Take care and good luck!

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