Friday, May 23, 2014

Time for a Bounce in Dry Bulk?

Keep an eye on the dry bulk shippers. It looks like something of a bottoming process going on. A lot of that has to do with a possible bottom in the Russell Small Caps. Diana Shipping (DSX) and Dryships (DRYS) with strong performances today.

Particularly in DRYS. An early dip below support on high volume and then a close near the top of the recent range. I look for a break out above in the coming days.
We'll see....


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