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?
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1 comment:
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.
CM
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