Monday, August 26, 2013

We may be near a pivot in the BDI

A longer term chart of the Baltic Dry Index shows the price of shipping near the top of a couple year range. A breakout to the upside with prices could signal the start of a large move. It would be explosive, in my humble opinion, for the price of the dry bulk shippers stocks. Time will tell.

Here are some links to the BDI. I hope they work.

BDI Chart

Dianna Shipping is trying to break out triple top.
Genco has taken off but is still low. IMHO
Eagle is showing continued strength.
And that daytraders fav DRYShips is alive again.

Control risk, average up.

No comments:

Post a Comment

All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh