Monday, March 16, 2009

For GT Blog March 15, 2009

"To know and not act, is to not know" Gettingtechnical

We see signs of a global recovery when we examine the structure of the Sea Transportation stocks - most have bottomed and some are beginning new second up-leg bull marker advances

We consider the Sea Transportation stocks to be bellwethers for the global economy

Sea Transport Selections
Diana Shipping DSX $12.83
Dryships Inc DRYS $4.11
Frontline Ltd FRO $17.46
Nordic American Tanker NAT $24.97
Seaspan Corp SSW $8.80
Teekay Corp TK $13.96
Tsakos Energy Navigtion TNP $14.20

Below we have Seaspan Corp with a bullish higher low and a youthful change to outperform relative to the broad S&P500 stock index

An Emerging Recovery in Global Trade?

1 comment:

Canadian Money said...

For Seaspan the Nov low to Jan low rally looks like a corrective wave set. If true, then the drop since then, lower low or whatever, is an impulse wave that will break below the Nov. low.